https://coinjournal.net/news/sec-sues-binance-and-cz-for-breaking-us-securities-rules/

Key takeaways

• The US SEC has sued Binance for breaking securities rules.

• The regulatory agency has also sued Changpeng Zhao (CZ), the CEO of the cryptocurrency exchange.

SEC sues Binance and CZ

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s leading cryptocurrency exchange, and Changpeng Zhao, the CEO of the company.

This is according to a report by The Wall Street Journal a few minutes ago. According to the Wall Street Journal, the regulatory agency has sued Binance and its CEO for breaking US securities rules.

This latest cryptocurrency news doesn’t come as a surprise to some experts in the industry, as the regulatory agency has been going after cryptocurrency exchanges in recent months. 

Binance faces 13 charges from the SEC

The regulatory agency alleges that Binance secretly allow[ed] high-value U.S. customers” to trade on the platform in violation of U.S. securities laws which prohibits unregistered exchanges from servicing U.S. customers.

The lawsuit also alleges that CZ exercised control over customer assets, adding that he commingled them with personal and company holdings. SEC Chairman Gary Gensler stated that;

“Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law. As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied.”

This latest development comes two weeks after the SEC sued Bittrex, one of the world’s largest and oldest cryptocurrency exchanges, and co-founder and ex-CEO William Shihara for violating securities laws. 

The regulatory agency had also come after several other crypto exchanges in recent months, including Kraken and Coinbase.

Bitcoin has lost more than 2% of its value so far today and could fall below the $26k level soon following this latest development. At press time, the price of Bitcoin stands at $26,682 per coin. 

The post SEC sues Binance and CZ for breaking US Securities Rules appeared first on CoinJournal.

https://coinjournal.net/news/metacade-surpasses-0-024-as-crypto-market-rallies-after-debt-ceiling-agreement/

Key takeaways

• MCADE is up by more than 13% over the last seven days and is now trading above $0.024.

• The rally comes as the crypto market recovers thanks to the debt ceiling agreement over the weekend. 

The cryptocurrency market has underperformed for the best part of May. Bitcoin, the world’s leading cryptocurrency by market cap, is down by nearly 5% since the start of the month.

However, the market has had relief this week, with Bitcoin up by more than 3% over the past few days. MCADE, the native coin of the Metacade ecosystem, is also up by more than 6% in the last seven days.

The imminent debt relief vote in the United States has seen the sentiment in the market become positive.

US debt ceiling vote set for tomorrow

An agreement was reached between President Biden and the House leadership on the United States debt ceiling over the weekend. The House leadership has agreed to suspend the federal government’s $31.4 trillion debt ceiling.

While the deal was struck between McCarthy and Bide, it still has to pass through Congress later this week. The vote is expected to take place tomorrow, May 31st, before the United States runs out of money to pay its debts on June 1st.

Bitcoin and others rally following the debt ceiling deal

The cryptocurrency market was in a bearish mode earlier this month as investors continued to fear that a deal would not be agreed. 

The deal brought optimism to the market as it indicated that the United States would not default on its debt. A US default could result in a recession, and that could see the cryptocurrency market and other financial markets record massive losses. 

Bitcoin and other cryptocurrencies have performed well since the deal was announced over the weekend. Bitcoin touched a low of $25,800 last week but has since renounced and moved past the $28k level on Monday. At press time, the price of Bitcoin stands at $27,710, up by less than 1% over the last 24 hours.

MCADE rallies by 13% in the last seven days

MCADE, the native token of the Metacade ecosystem, has performed well over the past few days. The token has added 13% to its value over the last seven days, outperforming the broader cryptocurrency market.

Metacade is currently trading at $0.0248 per coin and is close to the $0.034 all-time high price it set a month ago. 

MCADE could rally higher in the near term if the fundamentals of the broader cryptocurrency market continue to improve. In addition to being listed on popular exchanges, including Uniswap, MEXC, and BitMart, the Metacade team is preparing to launch the Metacade Lite in two days. 

Metacade Lite is set to offer users the first experience of the app UX. It will offer users a selection of both Web2 and Web3 games. Users will have an idea about the GameFi ecosystem Metacade is building. 

Metacade continues to pride itself as a unique GameFi project that seeks to grant its users exciting gaming adventures. With its plan to transition into a DAO in 2024, MCADE could record massive gains as the Metacade project gains adoption. 

Is Metacade a good investment?

MCADE has outperformed the broader cryptocurrency market over the last seven days, adding more than 13% to its value during that period.

With this sentiment improving, the crypto market could record more gains, and MCADE could be one of the biggest winners. 

MCADE has been performing well since the presale event was concluded, where the development team raised $16 million. 

For investors, Metacade could be an exciting project as the development team continues to work to launch its GameFi platform. The team is also working hard to get MCADE listed on numerous cryptocurrency exchanges. 

With such plans in place, MCADE could be on track to record gains over the next few months and years. Metacade is still very much in its development phase and could prove to be an excellent investment for early investors. 

The post Metacade surpasses $0.024 as crypto market rallies after debt ceiling agreement appeared first on CoinJournal.

https://coinjournal.net/news/altsignals-asi-price-prediction-as-presale-surpasses-840k/

Key takeaways

• AltSignals has raised more than $840k in its presale.

• The ASI token is going for $0.015 during the presale and could rally higher once it lists on exchanges. 

The cryptocurrency market has been performing well since the start of the week. The prices of most coins and tokens are trading in the green zone. Indicating that the market sentiments have improved. 

The rally comes thanks to the debt ceiling agreement in the United States. With Bitcoin and other cryptocurrencies performing well so far, it would be intriguing to look at the price prospects of tokens in presale like AltSignals.

AltSignals recently crossed a new threshold in its funding effort. The development team has raised more than $800,000 so far and could achieve its objective soon. With that possibility in mind, investors would be watching the project and see how its price would perform in the near term. 

AltSignals token set to hit the desired milestone soon

Artificial intelligence (AI) is all the rave this year. Following the launch of ChatGPT and other AI products, more companies are leveraging AI to optimise their activities.

The cryptocurrency market is not left behind. AltSignals is one of the projects that is set to allow traders to leverage AI to boost their trading activities. 

AltSignals is developing a suite of AI products designed for cryptocurrency traders. To achieve its goal, the development team has set a $1 million presale target. So far, AltSignals has raised $847,035 in its presale and is close to hitting its target. This means that it has raised 78% of its required funding. 

ASI, the native token of the AltSignals ecosystem, is trading at $0.015 per token, making it very affordable to most investors. The token could probably experience a surge in price once the presale is over and it lists on decentralised and centralised crypto exchanges. 

What is AltSignals?

AltSignals is an exciting project that could prove to be beneficial to cryptocurrency traders. Its impact could surpass the crypto space and affect forex, stock, commodities, and indices traders. 

AltSignals is a trading platform that provides trading signals for cryptocurrencies, forex, indices, stocks, and commodities. 

The team will use the funds it raised to develop ActualizeAI, a solution that could make it easier for people to trade cryptocurrencies and a few other asset classes. 

According to its whitepaper, ActualizeAI will be fully automated and work 24/7, just like the cryptocurrency market. The solution could make it easier for traders to pinpoint e entry points in the market, execute more accurate trades, and take advantage of proper risk management strategies. 

Holders of the ASI token would be granted access to the numerous services offered by AltSignals. The AI integrated within AltSignals’ will take advantage of other technologies like natural language processing, machine learning, regression, and predictive modeling to improve its services. 

AltSignals will also include other exciting features like an AI members club, trading tournaments, community governance, and more. Following the end of the presale, ASI is expected to launch on exchanges like Uniswap. 

The development team will also work on expanding the team, securing OTC partnerships, and introducing the sentiment analysis engine. 

Visit the official AltSignals website to learn more about their presale.

AltSignals (ASI) price prediction

ASI is still in its presale stage, which means it is hard to accurately predict its price movement. At the moment, ASI is going for $0.015 in its presale.

However, based on history, ASI’s price could experience a price pump once the presale concludes. 

One of the major factors behind a surge in the price of cryptocurrencies is when they list on crypto exchanges. ASI would be listed on Uniswap and a host of other crypto exchanges once the pre-sale is over. This could see ASI’s price record a massive surge. 

Another reason to predict a surge in ASI’s price is the fundamentals of the broader crypto market. Since the start of the year, Bitcoin and other leading cryptocurrencies have rallied by at least 50%. 

The crypto market is still down by more than 50% from the all-time high recorded in 2021. This implies that there is still room for recovery. ASI launching during this period could see it record massive gains as the broader crypto industry continues to recover from the bear market. 

A third reason could be the utility of AltSignals. Cryptocurrency trading is a multi-billion dollar industry. There are thousands of traders in the cryptocurrency space, and a tool like AltSignals could gain wide adoption amongst the traders.

If AltSignals gains wide adoption, ASI could see its price explode in value over the next few months and years.

Is now a good time to buy AltSignals?

AltSignals is in its presale stage, and this could be an excellent time to invest in the project. If the team delivers on its promises, AltSignals could become a major project in the cryptocurrency trading space. 

ASI could become a big winner in the crypto space if the broader cryptocurrency market continues its recovery and rally to a new all-time high. 

The post AltSignals (ASI) price prediction as presale surpasses $840k appeared first on CoinJournal.

https://coinjournal.net/news/why-is-the-crypto-market-up-today-imminent-debt-ceiling-vote-boosts-the-market/

Key takeaways

• The cryptocurrency market is up by more than 2% today after underperforming for the best part of May.

• Bitcoin topped the $28k mark for the first time this month.

• The rally comes as President Biden and the House leadership reached an agreement on the debt ceiling.

Crypto Market Cap Reaches $1.16 Trillion

The cryptocurrency market performed well over the weekend, with most coins and tokens trading in the green zone.

For the first time this month, the total cryptocurrency market cap reached the $1.16 trillion threshold for the first time this month. 

The rally comes following an agreement between President Biden and the House leadership on United States’ debt ceiling. President Biden and congressional Republican Kevin McCarthy reached an agreement to suspend the federal government’s $31.4 trillion debt ceiling over the weekend. 

However, the deal still has to pass through Congress later this week. The vote is expected to take place on Wednesday before the United States runs out of money to pay its debts in early June.

The deal sparked optimism amongst investors that the United States would not default on its debt. If the US default on its debt, a recession would likely follow, and this could see the financial markets experience massive losses. 

Bitcoin Rallies To $28k 

Bitcoin, the world’s leading cryptocurrency by market cap, touched the $28k level for the first time in three weeks. Bitcoin started May trading above $29k per coin but plunged to a low of $26,008 last week. At press time, the price of Bitcoin stands at $27,953 per coin. 

The leading cryptocurrency is now slowly recovering, thanks to the positive news from the United States. 

Ether, the second-largest cryptocurrency in the world, also moved past the $1,900 level for the first time in weeks, adding more than 3% to its value in the last 24 hours. At press time, the price of Ether stands at $1,904. 

The post Why is the crypto market up today? Imminent debt ceiling vote boosts the market appeared first on CoinJournal.

https://coinjournal.net/news/crypto-exchange-bitget-appreciates-regulatory-moves-to-advance-the-industry/

Key takeaways

• Regulatory agencies globally have been rolling out frameworks to guide the cryptocurrency market.

• Europe recently approved the MiCA guideline, while Hong Kong is set to release its crypto regulatory framework soon.

• Crypto exchange Bitget said it supports all regulations designed to advance the cryptocurrency industry. 

Cryptocurrency regulation begins to take shape globally

The past few months have been interesting for the cryptocurrency industry in terms of regulation. Despite the ongoing bear market, regulators around the world have been busy rolling out regulatory frameworks for the crypto sector.

In the United States, the Securities and Exchange Commission (SEC) has stated that the existing securities laws in the US cover cryptocurrencies and no new laws are needed.

However, that is not the case in the United States. In Europe, the European Union has chosen to adopt MiCA, or Markets in Crypto Assets, to regulate the cryptocurrency industry.

Earlier this month, finance ministers in Europe unanimously voted in favour of MiCA.The law is expected to come into effect in 2024 and will regulate how the crypto market operates. 

Hong Kong is expected to release its cryptocurrency framework soon. Once that happens, companies seeking to offer services in Hong Kong will need to apply for and get licenses from the commission.

The The International Organization of Securities Commissions (IOSCO) also opened up its policy recommendations for crypto and digital asset markets for public comment earlier this week. 

Bitget supports market regulation

With regulation coming from various parts of the globe, crypto companies have been making changes to ensure they operate in line with these frameworks.

Crypto exchange Bitget is one of the crypto exchanges that continues to strive to operate according to the set regulations. 

While commenting on the recent regulatory efforts, Bitget’s Managing Director Gracy Chen said; 

“Bitget, as a pioneer in the crypto-based fintech revolution and a highly innovative solution, welcomes all forms of regulation. We believe such regulations can help position the industry on a defined path for growth, protect consumers, and assist in combating cyber crimes. We believe that digital currency and its underlying technology have the power to bolster financial innovation and economic growth.

Based on this, the moves from IOSCO, the European Union, and Hong Kong to advance the industry’s broad reach are well appreciated. They will serve as a major basis for other countries to build their own regulations as well.

Our brand is committed to embracing regulation and implementing a comprehensive set of risk control and anti-money laundering procedures.”

Bitget has become one of the leading cryptocurrency exchanges in the world and currently processes more than $500 million in daily trading volume. 

The crypto exchange is headed by Gracy Chen, a leader specialising in the growth and execution of global market strategies. She has been a metaverse and crypto enthusiast since 2014 and has now become a prominent figure in the industry. 

The post Crypto exchange Bitget appreciates regulatory moves to advance the industry appeared first on CoinJournal.

https://coinjournal.net/news/bitfinex-and-chiles-orionx-partner-to-accelerate-crypto-adoption-in-latin-america/

Key takeaways

• Bitfinex has entered a strategic partnership with OrionX.

• The two companies will work towards accelerating cryptocurrency adoption in Latin America.

• OrionX is expanding its services to Mexico, Peru, and Colombia. 

Bitfinex announces a strategic partnership with OrionX

Bitfinex, a state-of-the-art digital asset trading platform, announced on Wednesday, May 24th, that it has partnered with the leading Chilean crypto firm Orionx.

According to the press release shared with Coinjournal, the two entities will work together to promote financial freedom and inclusion throughout Latin America.  

While commenting on this latest cryptocurrency news, Paolo Ardoino, CTO at Bitfinex, said

“We’re excited to collaborate with Orionx as we look to expand our presence in Chile and across Latin America. This represents a major step forward in our efforts to harness the power of Bitcoin and decentralised technology to promote financial freedom and empower businesses that share our values. We look forward to working even more closely with the team at Orionx to support its growth and development going forward.”

OrionX has been around since 2017 and has become one of the most promising cryptocurrency projects in Latin America. The company has evolved beyond its origins as a crypto exchange to become the region’s first crypto bank offering users an expansive range of crypto-related services.

OrionX is now preparing to expand its services beyond Chile and enter new markets, including Peru, Mexico, and Colombia. The company expects to surpass a million users by 2024. 

The partnership will allow Bitfinex to expand its presence in Latin America, indirectly reaching millions of users, and supporting common education programs for local universities. Last month, Bitfinex sponsored a coding bootcamp in Paraguay dedicated exclusively to women

OrionX to benefit from Bitfinex’s experience and network

OrionX is set to benefit from Bitfinex’s strong crypto trading expertise and network. Joel Vainstein, the co-founder of Orionx, stated that;

“Having a strategic collaboration with a company like Bitfinex will play a vital role in advancing our project in LATAM. We firmly believe that their involvement will provide a substantial impetus to our capital-raising activities. We are confident that their extensive experience and proven product portfolio will expedite our own product development and user base expansion, positioning us as the benchmark in the region.”

Bitfinex’s interest in Latin America comes as the crypto exchange seeks to increase its presence in the region. The crypto exchange seeks to provide financial services in the underbanked and unbanked regions of the world. 

Bitfinex has played an active role in El Salvador over the past two years. The company is working closely alongside partners such as Mi Primer Bitcoin to promote financial education and support the growth of local businesses.

Last month, Bitfinex Securities El Salvador, a fully-regulated platform for issuing and trading tokenised assets, was granted El Salvador’s first Digital Asset Service Provider licence under the country’s ground-breaking new Digital Assets Law.

The post Bitfinex and Chile’s OrionX partner to accelerate crypto adoption in Latin America appeared first on CoinJournal.

https://coinjournal.net/news/usdts-total-supply-nears-all-time-high-will-cryptos-like-metacade-rally-higher/

Key takeaways

• USDT’s total market cap is close to its all-time high of $84.1 billion.

• Tether’s recovery could see the broader crypto market embark on a rally again.

• Metacade could be one of the biggest winners thanks to the project’s huge potential. 

The cryptocurrency market has been in a bearish cycle since 2021, with the prices of most coins and tokens down by more than 50% from their all-time highs. 

However, the market sentiment has improved this year, with Bitcoin and other major cryptocurrencies up by over 40% year-to-date.

One of the biggest positives this year is the recovery of USDT, the stablecoin issued by Tether. USDT remains the largest stablecoin in the world in terms of market cap, and its recovery could spell excellent times ahead for the cryptocurrency market.

Does USDT’s recovery signal an upcoming bull cycle, and should investors take the opportunity to purchase cryptocurrencies like Metacade? 

USDT’s total market cap crosses $83 billion

USDT, the world’s leading stablecoin by market cap, has almost recovered from the bear market jitters. 

The total market cap of USDT recently crossed $83 billion, which is just below the all-time high of  $84.1 billion reached on May 10, 2022. According to the data obtained from Coinmarketcap, USDT’s total market cap crossed the $83.5 billion mark earlier today, indicating that the stablecoin is doing as well as it did during the most recent bull cycle.

What does Tether’s recovery mean for the cryptocurrency market?

Tether’s recovery is an excellent development for the broader cryptocurrency market. It comes following numerous regulatory uncertainties and the banking crisis in the United States.

The collapse of the Silicon Valley Bank severely affected the market cap of USDT’s nearest competitor, Circle’s USDC. Due to the crisis in the US, the supply of rival USDC has declined from nearly $47 billion to $27.8 billion

With USDT now close to its all-time high, a liquidity crisis in the cryptocurrency space might not be something investors worry about. 

Data provider Kaiko revealed that the rising USDT isn’t tied to an increase in trading volumes. The firm stated that;

“The data doesn’t show any notable increase in USDT market share (as measured by trade volume) relative to other stablecoins over the past few months, in large part due to Binance’s promotion of TUSD as an alternative to BUSD.”

The firm further stated that the increase in USDT could be because of offshore trading among market-making firms and whales.

How does this affect projects like Metacade?

USDT’s recovery will be a boost for the broader cryptocurrency market. Historically, Bitcoin has performed well when there is an increase in the total USDT supply. 

With USDT now close to its all-time high again, it could benefit Bitcoin and other cryptocurrencies. 

MCADE, the native token of the Metacade ecosystem, could be one of the biggest winners if the market rallies. 

Metacade has performed well over the past seven days despite the broader crypto market recording slight losses. At press time, the price of Metacade stands at $0.02111, down by 1% over the last 24 hours. The token is up by more than 5% from the low of $0.01954 recorded over the weekend.

Despite its recent positive performance, MCADE is down by 53% from its all-time high price of $0.04569. This could represent an excellent buying opportunity for investors. 

Metacade has huge potential in the GameFi ecosystem, making it one of the tokens investors could consider. It is a web3 project on the Ethereum blockchain, with the team currently working on launching a play-to-earn ecosystem that allows users to enjoy new web3 experiences. 

What Metacade hopes to achieve is to allow players to be able to play, connect, build, and earn seamlessly. The team is working to also turn Metacade into a decentralised autonomous organisation (DAO) by next year, ensuring that the project is truly decentralised. 

Should you buy Metacade now?

Metacade is a relatively new project, and its token price is down by more than 50% from its all-time high. This implies that MCADE could be trading at a discount.

However, the major investment decision regarding MCADE should be based on the potential of the project. As stated above, Metacade hopes to change the way the P2E model works by introducing new web3 experiences for the users.

The development team is already working on its P2E ecosystem after raising $16 million in the recently concluded presale event. The token has also launched on Uniswap, MEXC, and BitMart, and the team is working to get it listed on other leading cryptocurrency exchanges. 

The post USDT’s total supply nears all-time high: will cryptos like Metacade rally higher? appeared first on CoinJournal.

https://coinjournal.net/news/router-protocol-launches-testnet-for-router-chain/

Key takeaways

• Router Protocol’s Router Chain launches on testnet.

• Router Chain aims to increase Web3 adoption by solving existing problems in cross-blockchain communications.

• The testnet is available on Ethereum (Goerli), Polygon (Mumbai), Avalanche (Fuji), Base, and BNB Chain blockchains. 

Router Protocol’s Router Chain launches on testnet

Router Protocol, an infrastructure enterprise enabling communication between blockchains, announced on Wednesday, May 23rd, that it has launched the testnet of its Layer 1 blockchain.

In a press release shared with Coinjournal, Router Protocol revealed that the primary purpose of Router Chain is to increase Web3 adoption by solving existing problems in cross-blockchain communications, such as security, scalability, decentralization, and a lack of true-blue cross-chain dApps. 

Router Chain grants developers numerous benefits, including;

• Infra-level Flexibility: With Router Chain, developers are no longer limited to a single type of bridging infrastructure. They can develop IDAPPS – apps that are interoperable by default – using Router’s stateful infra (OmniChain framework) or stateless infra (CrossTalk framework), depending on their requirements. 

• Modular Security: With Router Chain, dApps have access to three layers of security – at the protocol level, bridge level, and application level. This implies that dApps can implement their own security measures on top of the baseline security model provided by the Router Chain.

With Router Chain, developers also have access to other features such as;

• MetaMask Compatibility

• Cross-chain Meta Transactions

• Acknowledgments and Refunds

• Decentralized Read Calls

• Transaction Batching

• Atomicity

• Expiry Timestamp

Testnet launch supports five major blockchain networks

The Router Protocol team added that testnet  Mandara also allows external validators to participate in the network for the first time. This is an incredible milestone for the protocol as it makes it possible to achieve true decentralisation. 

Router Protocol added that it has already started onboarding external validators, with a goal to onboard over 60 during testnet to secure its network. 

The team revealed that the testnet launch supports five blockchain networks: Ethereum (Goerli), Polygon (Mumbai), Avalanche (Fuji), Base, and BNB Chain. Router Protocol would add support for the Near blockchain after the testnet launch. 

While commenting on this latest cryptocurrency news, Ramani Ramachandran, co-founder and CEO of Router Protocol, said;

“The testnet launch brings us a step closer to true blockchain interoperability. This is the first time users can interact with Router Chain in a multitude of ways and see the capabilities on full display. The days of siloed user and developer experiences across blockchains are numbered as we move closer to a Web3 experience with significant improvements in UX, infrastructure, security, and scalability.” 

Ravindra Kumar, Founder and CEO of Frontier, added that;

“IDAPPs hold the key to unlocking a decentralized future, where there are no barriers between blockchain networks. Cross-chain dApps are enabling us to transcend the limitations of individual blockchains, fostering collaboration, scalability, and true interoperability.” 

Router Protocol has been building despite the current bear market. In December 2022, Router Protocol announced that it had partnered with Circle’s Cross-Chain Transfer Protocol to make USD Coin (USDC) interoperable.

The post Router Protocol launches testnet for Router Chain appeared first on CoinJournal.

https://coinjournal.net/news/us-is-losing-the-bitcoin-movement-says-cathie-wood/

Key takeaways

• Cathie Wood has stated that she believes the United States is losing the Bitcoin movement due to the regulatory system. 

• She stated that the collapse of FTX proved the concept of Bitcoin.

• Cathie Wood’s Ark Invest is one of the major investors of Coinbase.

US is being left behind, says Cathie Wood

Cathie Wood, the founder of Ark Invest, has stated that the United States is behind the Bitcoin movement due to the regulatory system. She mentioned this while speaking at Fortune’s Most Powerful Next Gen conference last week.

According to the Ark Invest founder, the centre of gravity of cryptocurrency is moving away from the United States. She cited the example of Coinbase receiving its licence to operate in Bermuda while also expanding its operations in Singapore. She stated that;

“It would be nice if the U.S. were leading this movement, but we’re losing it, and we’re losing it because of our regulatory system.” 

The Securities and Exchange Commission (SEC) has been clamping down on cryptocurrency companies in recent months. The regulatory agency issued a Wells Notice to Coinbase, indicating that it is looking into the activities of the crypto exchange. 

Ark Invest continues to invest in Coinbase despite the regulatory climate in the United States. The investment management firm bought $8.6 million worth of Coinbase stocks last month after the crypto exchange sued the SEC. 

FTX’s collapse proved the concept of Bitcoin

FTX’s collapse last year was one of the biggest in the history of the cryptocurrency space. The collapse resulted in regulatory agencies like SEC focusing more of their attention on the crypto market. 

The SEC maintains that the existing securities laws cover the crypto market, and there is no need for a new regulatory framework for the industry. 

According to Cathie Wood, the collapse of FTX last year proved the concept of Bitcoin, similar to how the banking crisis this year did. She stated that the collapses indicate the dangers of centralisation in the financial system. She stated that;  

“The reason it’s adopted is, first of all, many people like the idea of a decentralized, transparent, auditable monetary system. It was born out of the 2008/2009 crisis when people just lost all trust in financial services. And very interestingly, it took another two crises within the last year to prove the concept. FTX failed because it was centralized, opaque, and not auditable.”

Bitcoin is up by more than 50% since the start of the year and is currently trading above $26k per coin.

The post US is losing the Bitcoin movement, says Cathie Wood appeared first on CoinJournal.

https://coinjournal.net/news/crypto-market-stalls-as-investors-weigh-debt-ceiling-talks-should-you-buy-metacade-now/

Key takeaways

• The cryptocurrency market has stalled its movement over the past few days as investors consider their positions.

• Investors are keenly observing the ongoing debt talks, with the United States’ debt now above $31 trillion.

• With prices now down, this could be an excellent opportunity for investors to purchase cryptocurrencies like Metacade. 

The cryptocurrency market has been in a consolidating stage this week, with prices of most cryptocurrencies currently in the red zone. 

Investors have been keenly observing the ongoing debt ceiling talks in the United States, with many of them conservative in their approach. This has led to a poor performance from the crypto market this week. 

As the prices of most cryptocurrencies declined this week, could this be a perfect opportunity to purchase more coins and tokens like Metacade? 

The debt ceiling and how it could affect the cryptocurrency market

Treasury Secretary Janet Yellen recently stated that the United States could surpass its debt ceiling by June 1st. If that happens, market experts believe that the US could default on its debt.

According to the official data obtained from the US Treasury Fiscal Data website, the US’s current debt stands at $31.46 trillion. The debt limit is the highest amount the United States government can borrow to service the economy.

Due to the ongoing talks, the cryptocurrency market has underperformed this week. Bitcoin, the world’s largest cryptocurrency by market cap, continues to trade below $27k. At press time, the price of Bitcoin stands at $26,884, down by 1% so far today.

The total cryptocurrency market cap also stands at $1.13 trillion, down by 1% over the last 24 hours.

What are experts saying about the debt ceiling? 

Some market experts believe that the US will not default on its loan but will likely print more dollars. This will effectively weaken the dollar and strengthen assets such as cryptocurrencies and commodities.

Jesse Meyers, the chief operating officer of investment firm Onramp, believes that the US government will print more money, resulting in a 2020-like rally by Bitcoin and other cryptocurrencies. He stated that;

“When the debt ceiling is lifted, and credit-contraction leads to an economic crisis. They will have to print money on a massive scale. Bitcoin was the winner during the last round of stimulus.“

Market analysts are predicting that Bitcoin and other major assets could experience a boost if the US government prints more dollars to service its debts, as there would be liquidity available for investors to purchase BTC and other cryptocurrencies. 

How does this affect projects like Metacade? 

Bitcoin’s rally is usually duplicated by other cryptocurrencies. Metacade could be one of the projects that could be a big winner if the market experiences another bull cycle soon.

At press time, the price of Metacade stands at $0.02002, down by 10% over the last 24 hours. The token is down by 56% from its all-time high price of $0.04569. This could represent an excellent buying opportunity for investors. 

What makes MCADE one of the tokens investors could consider is the potential of the Metacade project. 

Metacade is a web3 project that is powered by the Ethereum blockchain. The development team is working to improve the existing play-to-earn (P2E) ecosystem, allowing users to enjoy new web3 experiences. 

With Metacade, players will be able to play, connect, build, and earn seamlessly. In addition to that, Metacade will transition into a decentralised autonomous organisation (DAO) by 2024, giving token holders control over the ecosystem. With such plans in motion, MCADE could be one of the biggest winners in the upcoming Bull Cycle. 

Is Metacade a good investment now?

Down by more than 50% from its all-time high, MCADE could be trading at a discount at the moment. Investors looking to take advantage of the project’s potential could purchase MCADE tokens now. 

After raising $16 million during the presale event, the Metacade team is working hard to list the token on several cryptocurrency exchanges and roll out its GameFi platform. 

These events could ultimately lead to a surge in the value of Metacade over the next few months and possibly years. 

The post Crypto market stalls as investors weigh debt ceiling talks: Should you buy Metacade now? appeared first on CoinJournal.

https://coinjournal.net/news/interview-giddys-smart-wallet-will-boost-interoperability-within-the-defi-ecosystem/

Key takeaways

• The DeFi ecosystem has suffered huge losses over the past two years due to the ongoing bear market.
• Giddy’s DeFi smart wallet seeks to solve the problems of interoperability and ease of use within the DeFi ecosystem.
• Eric Parker, the CEO of Giddy, believes that the DeFi ecosystem will ultimately become Finance 2.0

Binance Smart Chain (BNB) and Ethereum were some of the leading blockchains for DeFi projects. Despite the major growth recorded by the DeFi ecosystem in recent years, one of the major issues that remain is interoperability. Not many projects are working on solving interoperability within the DeFi ecosystem, a solution that would make it easier to move tokens between various blockchains.

Giddy, a provider of a self-custody smart wallet, is making a mark in this area. The company’s DreFi smart wallet integrates with some of the best projects in DeFi and is set to increase interoperability and ease of use even more.

Coinjournal sat down with Eric Parker, the CEO of Giddy, to discuss the company’s plans after recently raising $6.9 million in a funding round. 

Coinjournal (CJ): Giddy recently raised $6.9 million and will use the funds to boost DeFi adoption. How does Giddy intend to improve on some of the existing DeFi solutions or expand its services?

Eric Parker (EP: We’ve developed a ton of new tech already- from our self-custody no-seed-phrase private key solution to our Autogas and our one-tap staking, all of this works together to make DeFi feel seamless for brand new and experienced crypto users alike. Giddy currently integrates with some of the best projects in DeFi, and we’ll be using this funding to increase interoperability and ease-of-use even more. Next up we’re going to add more chains, integrate new DeFi protocols, add more utility to our token, add new fiat off-ramps, and bolster our private key platform for more ease and security. We’ve shown we can build the concept and scale it. Now it’s all about extending our DeFi smart wallet across all aspects of DeFi.

CJ: Could you talk more about the involvement of your strategic investors in this funding round, and how their expertise will contribute to Giddy’s growth and development?

EP: We have some really incredible advisors and strategic investors, who come from backgrounds and have experience at some of the biggest consumer experience brands like Disney, Fortnite, Traegar Grills, and more. What we love is that they have “been there, done that” when it comes to creating incredible consumer experiences – something we think that’s been lacking in the crypto space, and is a prerequisite to true mass adoption. So much of crypto has been focused on infrastructure technology, and while that’s certainly needed, we think there’s a huge opportunity to solve the “last mile” problem by putting tech in actual user’s hands and focusing on the end user experience to an extreme degree. We’re beyond lucky and very grateful to have these advisors helping us make something really special happen here.

CJ: Can you discuss how Giddy’s Autogas feature works and how it addresses the issue of gas fees in DeFi transactions?

EP: Pretty much anyone who has interacted with the blockchain knows the pain of running out of gas, or having to hold some arbitrary amount of tokens just to pay network fees. Giddy’s Autogas feature is a first for crypto users and is a game changer when you experience it. As long as you hold USDC, GIDDY token, or MATIC in your wallet, you can swap, stake, or send any token on the Polygon chain with no additional cost or hassle. More token types and chains are coming soon, which means with the Giddy smart wallet, you’ll never have to worry about running out of gas again, no matter what chain you’re on.

CJ: How does Giddy ensure the security of its users’ private keys, especially with the increasing prevalence of hacking and cyber attacks in the crypto industry?

EP: Great question. So first off, it’s important to mention that under the hood, Giddy is a self-custody wallet, which means it’s always your keys, your crypto. You can export your private key, and verify all transactions as they happen on the blockchain. But what we’ve done is eliminate the need to write down your seed phrase and have to store it somewhere, which, as you know, is a dangerous single point of failure for many users.

When you download our app and go through the one-minute setup process, Giddy is actually splitting your private key into multiple secure shares that are owned and controlled by you, using several factors that you’re familiar with, such as your email login, your phone, an Authenticator app, etc. This allows you to recover your wallet as long as you control at least two of your shares – meaning if you ever lose your device or forget a password, your money can still be recovered as long as you have the other shares. And crucially, if one of your shares is ever compromised, your funds are still safe because it always takes at least two factors to get your wallet back. This makes your wallet as convenient as a hot wallet, while being just as secure (if not more so) than a cold wallet. With Giddy, you can say goodbye to lost seed phrases.

CJ: What is the Giddy MPC technology, and how exactly does it work?

EP: We dove into how it works in the last question, but this is a good time to talk a bit about Multi-Party Computation (MPC). Most MPC implementations utilize other individuals, such as a family member or friend, to be a guardian of a share of your private key. That’s where Giddy stands out – our implementation gives users complete control over their wallet recovery, all while using security factors that you own. So rather than having to go to Uncle Bob to unlock your MPC wallet, with Giddy, you always have complete control. How it works feels incredibly natural, just like using any other Web 2.0 mobile app – except you’re getting the full benefits and tech behind a real self-custody Web 3.0 wallet.

CJ: Giddy’s unique solution implements elements of the Ethereum Foundation’s guidelines in the new ERC-4337 standard. What does Giddy intend to achieve with this solution? 

EP: The Ethereum Foundation released the new ERC-4337 standard to help improve end users’ experience on the Ethereum network, but this didn’t just happen overnight. Vitalik and other key Ethereum developers have been talking about the core principles behind ERC-4337, e.g. account abstraction, for years. The other thing to know about ERC-4337 is that it’s a set of guidelines to help developers, but developers still have to actually build the technology themselves. The Giddy smart wallet has been in development for almost 18 months, and we started with the end user in mind. So it’s no wonder that we’ve actually arrived at many of the same conclusions set out and defined in ERC-4337. We set out to solve the same challenges outlined in ERC-4337 before it was fully baked, and we’re already ahead of the game by implementing some of the core features spelled out in the proposal, such as AutoGas and one-tap staking.

CJ: Giddy has been chosen for the Robinhood Connect Program. What role will Giddy play in the program, and how will Robinhood Connect boost crypto adoption?

EP: We had a chance to meet with the Robinhood Connect team at ETH Denver, and quickly hit it off. As you can probably tell from this interview, we’re obsessed with user experience, and so are they, which is why Robinhood Connect fits perfectly into our platform. We’re happy to be one of the first wallets to integrate Robinhood Connect as a launch participant, and see it as a great channel for onboarding users into crypto going forward through its ease of use. 

CJ: What do you think about the current DeFi ecosystem, and where do you see the sector in the next decade?

EP: Yeah, there has certainly been a lot of discussion about the state of DeFi, particularly coming out of the ‘DeFi Summer’ of 2021 and into the down cycle of 2023. I’m seeing major investments into the foundational infrastructure of what will ultimately become Finance 2.0. While most of the million-percent APY inflationary IDOs (I like to call them Ponzi speedruns) have gone away, we’re now seeing fundamentally sound business models operating on-chain, generating real yield and rewriting legacy financial protocols into modern Web 3.0 equivalents. I think over the next decade, we’ll see quite a bit of market consolidation – right now most of the tech is fractured, and interoperability isn’t quite where it needs to be yet. The best user experiences will rise to the top because that’s what will drive adoption as people look for how to get on board with the finance 2.0 movement. Also, smart regulation will allow the entire ecosystem to build trust within the nations that embrace it, whereas those that don’t will be left behind.

The post Interview: Giddy’s smart wallet will boost interoperability within the DeFi ecosystem appeared first on CoinJournal.

https://coinjournal.net/news/will-pepe-go-back-up-after-losing-more-than-12-of-its-value-in-the-last-24-hours/

Key takeaways

• PEPE is the worst performer amongst the top 100 cryptocurrencies by market cap today.

• The meme coin has lost more than 10% of its value as it continues to underperform. 

• PEPE could experience further dumping as the broader crypto market undergoes a correction.

PEPE loses more than 12% of its value today

PEPE, one of the most popular meme coins of the year, has been underperforming over the past few days. It recorded massive profits a few weeks ago but has been underperforming since reaching its all-time high price of $0.000004354 12 days ago.

The token is now down by more than 65% from its all-time high and could continue to dip lower.

At press time, the price of PEPE stands at $0.000001506 per coin. Over the past 24 hours, PEPE has lost roughly 12% of its value, making it the worst performer amongst the top 100 cryptocurrencies by market cap. 

Will PEPE go back up soon?

PEPE’s poor performance coincides with that of the broader cryptocurrency market. The token has been underperforming since it began to be listed on some major cryptocurrency exchanges.

The broader cryptocurrency market has been underperforming in recent days. At press time, the total cryptocurrency market cap stands at $1.12 trillion, down by less than 1% so far today.

Bitcoin, the world’s largest cryptocurrency by market cap, is also underperforming, and is now trading just below the $27k level.

With the broader crypto market currently experiencing a poor run, PEPE could find it tough to regain its all-time high price in the near term.

The meme coin mania in the cryptocurrency space seems to have subsided in recent weeks. If the fundamentals of the broader market improve, PEPE could see its value soar higher over the next few weeks. However, if the current market conditions persist, PEPE could see its price retest the all-time low level of $0.00000002764 once again.

The post Will PEPE go back up after losing more than 12% of its value in the last 24 hours? appeared first on CoinJournal.

https://coinjournal.net/news/pantos-announces-the-launch-of-its-multichain-token-creator/

Key takeaways

• Pantos has launched its Multichain Token Creator.

• The Multichain Token Creator will allow users to configure and deploy their own multichain tokens built on top of the Pantos Digital Asset Standard.

•  The team will also launch the Pantos Digital Asset Standard (PANDAS) at the upcoming EDCON conference. 

Pantos’s Multichain Token Creator goes live

Pantos, a Multichain Token System conceived by the team behind Bitpanda, announced the public release of the Multichain Token Creator on Wednesday, May 17th.

In a press release shared with Coinjournal, Pantos said its multichain token creator is an easy-to-use web app that allows users to configure and deploy their own multichain tokens built on top of the Pantos Digital Asset Standard (PANDAS). 

In addition to that, developers have the opportunity to configure their base token and download the contract code to extend it with their custom functionality.

The team explained that the  Multichain Token Creator makes it easy for projects to launch on multiple blockchain networks, increasing their reach without much effort and creating more opportunities for the community and the projects themselves. This implies that developers, users and their assets no longer have to be locked to a single chain. 

While commenting on this latest cryptocurrency news, Marius Ciortan, the Director of Product Engineering at Pantos, said;

“Our Multichain Token Creator is a defining innovation in the blockchain space, offering developers and projects an effortless way to adopt a revolutionary multichain token standard that drives unparalleled cross-chain collaboration and opens up endless possibilities for the future of decentralized technology.”

Multichain Token Creator reduces complexity for developers 

The Pantos team explained that the Token Creator is beneficial to developers because it reduces the time and complexity of developing multichain assets, enabling them to launch their tokens within minutes. 

For users, the solution allows them to enjoy a smoother multichain experience thanks to the increased availability of native multichain assets through the easy token creation process.

The Pantos team said they would showcase the Token Creator to the public for the first time during Super Demo at the upcoming EDCON conference, to be held between May 19-23 in Montenegro. The team will also launch the Pantos Digital Asset Standard (PANDAS) at the event. 

In February, Pantos launched the public beta of its Multichain Token System. Pantos has been around since 2018 and currently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom. The project plans to integrate more EVM and non-EVM chains continuously. 

The post Pantos announces the launch of its multichain token creator appeared first on CoinJournal.

https://coinjournal.net/news/eu-finance-ministers-approve-mica-crypto-regulation-should-you-buy-altsignals-now/

Key takeaways

• The EU finance ministers have unanimously approved the MiCA cryptocurrency regulation.

• The regulation could boost crypto adoption and usage in Europe.

• AltSignals could be a big winner as more retail and institutional traders could enter the crypto market. 

The cryptocurrency market has evolved over the last decade, and many feel that there is more development in store. Following the Bull Run of 2021, regulatory agencies globally have been working to roll out favourable regulations that would ensure consumer protection and promote innovation in the industry.

One of the most important crypto regulations, MiCA, has been approved by finance ministers across Europe. This implies that the regulatory framework could soon be adopted across the continent.

Could this latest development lead to the massive adoption of cryptocurrencies, and what does this mean for trading-focused tokens like AltSignals?

EU finance ministers finally approve MiCA

European Union finance ministers vote unanimously to adopt Europe’s Markets in Crypto-Assets regulation.

MiCA sets clear regulatory guidelines and requirements for using digital currencies and related services and activities across the EU. The legislation covers various areas, including cryptocurrencies, digital assets, stablecoins, and utility tokens. 

Once the bill is passed into law, MiCA is expected to take effect before the end of 2023 or in 2024. 

What Does this mean for the cryptocurrency market?

The adoption of MiCA in Europe could serve as an excellent boost for the cryptocurrency industry in Europe and even beyond. 

Market experts believe that clear regulations would make it easier for industry players to know how to provide services and open the market up to more investors.

Jeremy Allaire, CEO of USDC stablecoin issuer Circle, stated earlier this year that he is optimistic that MiCA will create the conditions for a thriving competitive market in the EU.

The cryptocurrency market is worth over $1 trillion at the moment, down by more than 60% from the all-time high of $3 trillion recorded in November 2023.

With the adoption of MiCA, cryptocurrency adoption in Europe could increase over the coming years and, subsequently, the total capitalisation of the market. 

What is AltSignals?

One of the cryptocurrencies that could benefit from this latest development is AltSignals. AltSignals is a trading platform designed to provide trading signals for stocks, forex, indices, cryptocurrencies, and CFDs. 

The project is still in its presale stage, and the developers have raised nearly 70% of the funds needed to improve their services. AltSignals will be using some of the funds to develop ActualizeAI, a solution that could make it easier for more people to enter the cryptocurrency trading scene. 

AltSignal’s ActualizeAI will be fully automated and work 24/7, just like the cryptocurrency market. With this solution, traders can easily determine entry points in the market, execute more accurate trades, and deploy proper risk management strategies. 

The AltSignals platform is powered by the ASI token. Token holders would be granted access to various services offered by AltSignals. 

Visit the official AltSignals website to learn more about their presale. 

How does MiCA adoption affect AltSignals?

AltSignals could be a big beneficiary of MiCA in Europe thanks to its position as a niche-focused project. 

The lack of clear regulation is one of the reasons some investors, especially institutional investors and traders, are yet to enter the cryptocurrency market.

With MiCA, there would be regulatory clarity in Europe, and more individual and institutional investors and traders could troop into the market. If or when that happens, tools such as AltSignals could play a huge role in ensuring cryptocurrency adoption.

Retail and institutional traders can leverage AltSignals to trade various cryptocurrencies. They could also use the solution to trade other asset classes like forex, commodities and stocks.

The adoption AltSignals could see ASI’s value surge over the next few years. At the moment, AltSignals is still in its presale stage, and ASI is sold for $0.015 per token. The team has raised more than $740k so far and looks likely to hit the $1 million goal soon. 

As a coin with utility, ASI could be one of the biggest winners, especially as the cryptocurrency market could be on the verge of another bull cycle., 

Are cryptocurrencies good investments? 

The results recorded by millions of investors over the past decade already answer this question.

Since the launch of Bitcoin in 2009, no other asset class has outperformed cryptocurrencies. The ROI recorded by cryptocurrencies far outweighs those recorded by stocks and commodities over the past decade. 

Cryptocurrencies like Bitcoin, Ether, Solana, Polygon, Dogecoin, and Shiba Inu, have given early investors thousands of percentages in ROI. 

Keep in mind that we mentioned early investors, as they usually purchase cryptocurrencies when their prices as still low. ASI could also follow this path thanks to its utility as a trading-focused token. 

Is now a good time to buy AltSignals?

This could be a good time to buy promising cryptocurrency projects like AltSignals. If the developers deliver on their promises, AltSignals could have huge adoption within the cryptocurrency trading community. 

The launch of ActualizeAI could help boost AltSignals’ adoption rate, especially amongst crypto traders. If that happens, buying ASI could be an excellent investment, as the utility of the token will increase over time. 

The post EU finance ministers approve MiCA crypto regulation: should you buy AltSignals now? appeared first on CoinJournal.

https://coinjournal.net/news/whats-next-for-lido-dao-price-after-a-20-surge-in-a-week/

Key takeaways

• LDO is one of the best performers amongst the top 50 cryptocurrencies by market cap over the past seven days.

• Lido DAO rallied by 20% in the last seven days but is slowly retracing.

• The token’s rally comes after the Lido v2 mainnet launch.

LDO outperforms the other major cryptocurrencies

LDO, the native token of the Lido DAO, is the best performer amongst the top 50 cryptocurrencies by market cap over the past seven days.

The token added 20% to its value over the past few days despite the poor performance of the broader cryptocurrency market.

The rally was majorly fueled by the mainnet launch of Lido V2. Lido V2 enables Ethereum stakers to burn their stETH (staked ETH) and exit the protocol at a 1:1 ratio. 

Another major catalyst behind this latest price rally is the return of depositors to the Ethereum network following the Shapella upgrade. As an Ethereum liquid staking platform, it is not surprising that Lido DAO has seen a surge in transactions over the past few weeks.

Lido DAO enables users to pool their funds to become validators on Ethereum. This allows investors to bypass the Ethereum network’s requirement of depositing at least 32 ETH.

What next for LDO?

Following its rally, what next for LDO? At press time, LDO is trading at $2.26 per coin, up by more than 4% over the past 24 hours.

However, LDO’s rally comes as the broader cryptocurrency market continues to underperform. If the fundamentals of the broader crypto don’t improve, LDO could retrace some of its profits.

LDO could test the $1.92 support level in the near term if the bearish trend in the market persists. However, if the bulls continue to be in control, LDO could rally toward the $2.5 resistance level over the next few hours or days. 

The post What’s next for Lido DAO price after a 20% surge in a week? appeared first on CoinJournal.

https://coinjournal.net/news/zeebu-enters-a-strategic-partnership-with-four-telecom-carriers/

Key takeaways

• Zeebu has partnered with four telecom companies;  BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc. and Novatel.

• The telecom carriers generate more than $1.2 billion in annual revenue. 

• Zeebu seeks to create a trustless, transparent, and more efficient ecosystem for telecom carriers and their partners.

Zeebu partners with four telecom carriers with $1.2B + yearly revenue

Zeebu, the world’s first end-to-end blockchain platform designed specifically for global telecom carrier businesses, announced on Tuesday, May 16th, that it has entered into strategic partnerships with BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc. and Novatel, d.o.o.

In a press release shared with Coinjournal, Zeebu said the partnership with these telecom carriers would result in thousands of transactions annually, making Zeebu a game-changing force within the telecom carrier industry.

While commenting on this latest cryptocurrency news, Raj Brahmbhatt, Founder & CEO of Zeebu, said;

“The world of telecommunications is fast-paced and ever-changing. The power of blockchain technology lies not just in its ability to facilitate transactions but in its capacity to foster trust and transparency. We are sure Zeebu’s partnerships with key telecom leaders will usher in a new era of innovation and growth. We look forward to working with our partners to create lasting value and drive sustainable growth for years.”

One of the telecom carriers, BBT Voice, is an international wholesale voice and SMS carrier with offices in the UK, India, Armenia, and Ukraine. 

Meanwhile, Broadband Telecom Inc., part of the Bankai Group, is a world-leading communication enabler carrying billions of minutes on its dedicated and globally accessible network.

BBT Voice CEO Rahul Sharma also commented that;

“This deal marks a cornerstone moment. We are confident that with our combined strength, we will construct remarkable achievements in the blockchain industry. We are sure the platform will deliver on its promises of transparency and trust.”

Zeebu’s blockchain seeks to drive innovation 

While commenting on this latest development, Nakul Rege, Chief Growth Officer of Broadband Telecom Services, said;

“Telecommunications is an incredibly dynamic and rapidly evolving field, and keeping up with the latest technologies, trends, and customer demands can be challenging. Zeebu’s blockchain platform will drive innovation, expand our reach, and deliver exceptional customer value.”

Bridge Voice, Chief Revenue Officer, Nickey Peshwani pointed out that Zeebu is the first blockchain-powered telecom loyalty platform for wholesale voice business and will enable instant settlements anywhere in the world.

Finally, Novatel is Slovenia’s leading mobile virtual network operator, providing mobile and IP telephony, internet and information services to European enterprises.

Novatel CEO Jernej Kenda stated that the company is looking forward to getting started with Zeebu. Kenda added that Zeebu will be a game-changer for settlements in the telecom carrier industry, with its powerful utility delivering tangible value for all network participants.

According to the Zeebu team, its blockchain solution addresses telecom carrier businesses’ challenges, including security threats, rising and complex costs between intermediaries, and remittance delays of up to 20 days. 

By leveraging smart contracts and blockchain technology, Zeebu creates a trustless, transparent, and more efficient ecosystem for telecom carriers and their partners. 

Furthermore, by using Zeebu tokens, the platform’s loyalty utility token, there would be no need for conventional banking channels and intermediaries, making cross-border transactions fast and seamless.

Zeebu is a pioneering company in blockchain and settlements, providing an innovative platform for the telecom carrier industry, comprising over 6000 players in a $120 billion market. 

The post Zeebu enters a strategic partnership with four telecom carriers appeared first on CoinJournal.

https://coinjournal.net/news/metacade-drops-to-0-0222-is-this-the-right-time-to-buy-more-mcade-tokens/

Key takeaways

• Metacade reached an all-time high of $0.045 earlier this month but is now down by nearly 50% from that point.

• The broader crypto market is undergoing a correction, and this could present a good buying opportunity for investors.

• MCADE will be listing on more crypto exchanges before the end of the year. 

Metacade’s price has done well since going public last month. It surged to a high of $0.045 earlier this month after it was listed on the BitMart, Uniswap, and MEXC cryptocurrency exchanges.

However, it has lost nearly 40% of its value since then as the broader cryptocurrency market began its bearish move. With the MCADE price now low and the broader crypto market currently underperforming, is this a good opportunity for investors to invest in the project? 

Does Metacade offer a great investment opportunity?

One of the best times to invest in financial assets is during a market correction. By investing during a bear market or a correction, investors set themselves up nicely to make excellent returns.

The broader cryptocurrency market has been underperforming since the start of the month. Bitcoin has lost more than 10% of its value over the past seven days and is struggling to maintain its price above $26k.

The poor performance of Bitcoin and other major cryptocurrencies has affected the prices of other cryptocurrencies, including Metacade.

MCADE rose to an all-time high of $0.045 earlier this month after it was listed on the MEXC cryptocurrency exchange. However, since then, MCADE has lost nearly 50% of its value as the market undergoes a correction.

At press time, the price of MCADE stands at $0.02225. The decline in the prices of cryptocurrencies, including Metacade, could serve as an excellent opportunity for investors to enter the market.

Those who didn’t invest in Metacade during its pre-sale could take up this opportunity, as the token is now trading close to its presale price. Furthermore, existing investors could take advantage of the current market conditions to purchase more MCADE tokens.

What is Metacade?

To determine if Metacade could be a good project to buy, investors need to know what Metacade is about.

Metacade is a web3 project that is powered by the Ethereum blockchain. The project seeks to improve the existing play-to-earn (P2E) ecosystem by making it possible for users to enjoy new web3 experiences. 

The Metacade development team is working to have a project that empowers users to play, connect, build, and earn seamlessly. The project also plans to transition into a decentralised autonomous organisation (DAO) by 2024, granting token holders control over the ecosystem. 

After raising $16 million in its presale stage, the Metacade development team is already working to launch some of its products. 

Since it went public last month, MCADE, the native token of the ecosystem, has already been listed on the Uniswap, BitMart, and MEXC crypto exchanges. This means that the MCADE token is available to millions of investors globally.

The team also plans to list the token on several other leading cryptocurrency exchanges before the end of the year. 

Will Metacade reach $0.1 by the end of 2023?

MCADE reached its all-time high price of $0.045 earlier this month. However, it has dipped by roughly 50% since then as the broader crypto market is undergoing a correction.

The events of the past few weeks have shown that MCADE’s performance is affected by the fundamentals of the broader cryptocurrency market. 

For MCADE to reach $0.1 by the end of the year, the development team will need to roll out some of their products.

In addition to that, the fundamentals of the broader cryptocurrency market will have to be bullish, as that could allow MCADE to rally to the $0.1 psychological level by the end of the year.

Finally, the Metacade team might also need to make MCADE available on other leading cryptocurrency exchanges. By listing MCADE on other top crypto exchanges, the token could be available to more people, and this could push its price higher in the medium term. 

Is Metacade worth buying now?

As an investor, one of the best times to invest in assets is when they are undergoing a correction. The broader crypto market is undergoing a correction at the moment, and this could be a good time to load on your investment.

After rallying to the $0.045 all-time high, MCADE is now trading close to the presale price of $0.02, and this could present an excellent buying opportunity for investors. 

MCADE will launch on more cryptocurrency exchanges before the end of the year, making it available to millions of investors globally.

Furthermore, the launch of Metacade products over the next few months could increase the platform’s utility and, ultimately, the value of the MCADE token. 

The post Metacade drops to $0.02225: Is this the right time to buy more MCADE tokens? appeared first on CoinJournal.

https://coinjournal.net/news/why-is-the-crypto-market-down-today-btc-briefly-slips-below-27k/

Key takeaways

• The cryptocurrency market is down by roughly 1% over the past 24 hours.

• Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500.

• The dump came due to reports that there was a transaction with the United States government’s BTC wallet.

Why the crypto market is down today

The cryptocurrency market recorded a sharp spike in movement a few hours ago. Bitcoin, the world’s leading cryptocurrency by market cap, was trading just above $28k earlier today.

However, BTC fell below the $27k level for the first time in more than a week, briefly touching the $26,990 mark before retracing its movement.

According to market experts, the sharp decline in Bitcoin’s price came as a result of a transaction from the United States government’s BTC wallet. 

BREAKING: US Gov BTC Wallet is moving#Bitcoin dumps hard. Lot of longs rekt. pic.twitter.com/kyw8QIhAnR

— Woetoe (@cryptowoetoe) May 10, 2023

Data obtained from Blockstream showed that 9819.01814463 bitcoins were on the move from the wallet. This large transaction was reflected in the market, with Bitcoin dropping below the $27k mark for the first time in a month. 

Bitcoin recovers to trade above $27,500

The dump didn’t last long, as Bitcoin is now trading above the $27k level once again. At press time, the price of Bitcoin stands at $27,502, down by more than 2% in the last hour.

Bitcoin is not the only cryptocurrency that recorded losses. Ether, the second-largest cryptocurrency by market cap, also dropped below the $1,800 mark earlier today before retracing to now trade at $18,36 per coin.

The post Why is the crypto market down today? BTC briefly slips below $27k appeared first on CoinJournal.

https://coinjournal.net/news/dea-brings-real-world-social-contributions-to-the-p2e-ecosystem/

Key takeaways

• DEA operates majorly in Southeast Asia and has players from more than 100 players worldwide. 

• DEA seeks to grow its ecosystem via partnerships with third-party games, NFT art collections and metaverse projects.

• Artists on DEA make money via royalties

Digital Entertainment Asset (DEA), the operator of the PlayMining GameFi platform, is co-developing a groundbreaking new social good use case for GameFi: a game that incentivises real-world social contribution to the maintenance of shared community infrastructure. 

As a P2E platform, players get to play fun video games and are rewarded with P2E tokens when they inspect physical infrastructure in communities where understaffed government utility organizations can’t patrol on their own.

We sat down with the DEA team to discuss their project, the impact on the web3 ecosystem, and how they intend to expand to other countries. 

Question: DEA operates majorly in Southeast Asia. Are you present in all Southeast Asian countries, and do you have plans to expand to other parts of the continent?

Answer: 

The majority of our users are from Japan, Indonesia, the Philippines, Vietnam and Taiwan, but we also have players from more than 100 countries worldwide, including most of SEA. We aim to build games with worldwide international appeal and hope to attract players from all regions and walks of life.

One of our company’s primary goals is to use our games to help people. We’ve started with Southeast Asia because GameFi has grown very popular there as a means of earning supplemental income. We would love to see GameFi also be embraced in other regions with impoverished communities, and grow our community in any place where people can derive real-world value from playing our games.

Q: According to your website, DEA is a PlayMining GameFi platform. Do you combine GameFi and crypto mining, or does PlayMining stand for something else?

Answer: 

The “mining” in the platform’s “PlayMining” name only refers to the ability of players to earn $DEP tokens by playing games. It is not “mining” in the strictest sense of the word, but it can feel like it to players, who receive real cryptocurrency rewards by completing quests in games.

While DEA operates its own blockchain and token, it does not engage in the mining of external cryptocurrencies. DEAPcoin launched in 2018, with 30 billion $DEP tokens created at Genesis. We reserved 20 billion $DEP, or roughly 66% of the total number of tokens, for ecosystem incentives and distribution on the PlayMining platform as rewards for playing our games and for DeFi services like staking

Q: Are there specific locations with physical infrastructure that DEA players can inspect? How do you determine the locations that need inspection?

Answer: 

We cannot release much information about the TEPCO game, as it is still in its early phase of development. However, we can say that such locations would be determined by our partner, who is collaborating with us on this game, Greenway Grid Global (GGG).

According to their website, GGG is a joint venture established in Singapore in part by TEPCO as a vehicle “to invest and operate overseas power transmission and distribution business and next-generation infrastructure business, and incubate new business, as well as to nurture global leaders…with the Asian market being the main target.”

Q: DEA has over 2.7 million users worldwide. How do you intend to provide more value to your existing users and capture more users?

Answer: 

We are constantly expanding the PlayMining platform by developing new P2E games for our community to enjoy, and all of our games bring players into the DEAPcoin ecosystem with P2E rewards and an NFT marketplace. We also actively seek out partnerships with other companies and influencers to build content for PlayMining, such as new third-party games, NFT art collections, metaverse projects, events and promotions and so on.

One of our primary goals with our partnerships is to be wholly transparent and fair—we pay out royalties on the PlayMining NFT marketplace, for example, and it is much cheaper for game studios to launch on PlayMining than on other major distribution platforms such as Nintendo or PlayStation, which take an exorbitant 30% cut of profits. We have built our platform to be amazing not only for our community of 2.7 million users but also for our partners, to ensure PlayMining’s sustainability.

Another way that we can bring more value to our existing users is by buying back DEAPcoin from the market. Over time, we anticipate that this will help stabilize the DEAPcoin token price.

We are also always looking for new ways to make a social impact through GameFi. We believe that there is immense potential for GameFi to create a great amount of real value in the world.

Q: DEA supports third-party indie game studios. How do you incorporate them and their games into your platform?

Answer: 

We partner with third-party game studios to develop new games on the PlayMining GameFi platform. We allow these companies to incorporate DEAPcoin into their P2E reward structure, and they can also have their own token economies. We also give them access to sell NFTs related to their games on the PlayMining NFT and PlayMining NFT Premier marketplaces, where they can build out their creative IPs, and they also earn royalties on secondary sales of their NFTs.

PlayMining provides this support for indie game studios because we know first-hand how brutally competitive the video game industry can be. Distributors and other middlemen typically steal most of the profits, leaving small game developers with very little overhead for marketing and building out their IPs with supplementary content such as fan art, animation and other products. And in this industry, if you don’t monetize your IP, it can be difficult to achieve longevity for games. We aim to change all that by leveling the playing field with a fairer system that doesn’t exploit our partners.

Q: How do official brand artists and fan artists earn money on the PlayMining NFT marketplace?

Answer: 

DEA pays out royalties to both official artists and creators of fan art who sell NFTs on the PlayMining NFT marketplace. There are also many NFTs on our marketplace that give players the ability to earn even more DEAPcoin in PlayMining games. For example, there is a collection of ‘Farmland NFTs’ that, when used in the PlayMining coin pusher game ‘Lucky Farmer’, increases the odds of the player scoring winning slot machine combinations such as the triple-seven ‘Fever Time’ jackpot that makes $DEP rain onto the playing field.

The post DEA brings real-world social contributions to the P2E ecosystem appeared first on CoinJournal.

https://coinjournal.net/news/why-is-stacks-stx-going-down-can-it-stay-above-0-6/

Key takeaways

• STX is the worst performer amongst the top 100 cryptocurrencies by market cap so far today.

• Stacks has lost more than 9% of its value today and could record further losses in the near term.

• The broader market is stagnant ahead of today’s CPI readings.

STX dips by more than 9% today

STX, the native token of the Stacks ecosystem, is the worst performer amongst the top 100 cryptocurrencies by market cap so far today. The coin has lost more than 9% of its value over the last 24 hours and could experience further bearish trend continues.

There is no catalyst behind STX’s ongoing poor performance. The cryptocurrency is correcting after rallying to its weekly high of $0.81. Over the past month, STX has lost more than 20% of its value after reaching a high of $0.9819.

At press time, the price of Stacks stands at $0.6442. If the bearish trend continues, STX could drop below the $0.6 psychological level in the near term. 

Crypto investors await the CPI readings

The Consumer Price Index (CPI) readings in the United States will be revealed later today. Cryptocurrency investors are awaiting the figures before making their moves, with volatility in the market currently low.

The CPI will give investors insight into the current inflation situation in the United States. If the inflation figures increase, the Federal Reserve could continue its interest rate hike.

Earlier this month, the Fed increased interest rates by 25 basis points, taking interest rates in the US to a 16-year high.

However, a lower inflation figure could see the Federal Reserve cool down its rate hike. 

Bitcoin, the world’s leading cryptocurrency by market cap, continues to trade just below the $28k level. The total cryptocurrency market cap stands at $1.14 trillion, down by less than 1% today.

The post Why is Stacks (STX) going down: Can it stay above $0.6? appeared first on CoinJournal.

https://coinjournal.net/news/wakweli-partners-with-blockchain-lawyers-group-to-promote-web3-certification/

Key takeaways

• Wakweli has partnered with BLG to promote web3 legal expertise.

• Wakweli seeks to become the benchmark of trust for the decentralised ecosystem.

• The web3 protocol partnered with Polygon earlier this year and also raised $1.1 million in its seed funding round. 

Wakweli enters a crucial partnership with BLG

Web3 protocol Wakweli announced on Tuesday, May 9th, that it has partnered with the Blockchain Lawyers Group (BLG)

In a press release shared with Coinjournal, Wakweli said the partnership would enhance the solid Web3 legal expertise and enable deeper protocol refinements for the Proof of Democracy consensus algorithm. 

The Blockchain Lawyers Group is a global network of legal professionals with a focus on blockchain and other cryptocurrency matters. The group seeks to make it easier for entities in the crypto space to gain access to competent and qualified legal advice.

As part of the partnership, group members will participate in the validation of the first certificates and assist in strengthening the whole process. The goal is to make Wakweli the benchmark of trust for the decentralised ecosystem.

While commenting on this latest cryptocurrency news, Blockchain Lawyers Group Founder and Member Miguel Dinis Lucas said;

“We are excited to partner with such an innovative company as Wakweli, which is trying to solve a preeminent issue in the NFT space. We are confident that our collaboration will bring new levels of innovation and user-friendliness to the market.”

The partnership will boost legal services in the blockchain ecosystem

According to the Wakweli team, their partnership with BLG is a significant step towards providing competent and qualified legal advice in blockchain and crypto-related matters. 

The partnership will lay the foundation for deeper protocol refinements, enhance solid Web3 legal expertise, and ensure easy access to legal advice for businesses operating in the Web3 industry. 

The partnership with BLG is the latest one for Wakweli. In March, Wakweli partnered with Polygon Labs to enable all digital assets on Polygon to become compatible with the certification system that has been developed by its team.

In February, Wakweli also raised $1.1 million in its seed funding round and is using the funds to facilitate the rolling out of the company’s product offerings 

Wakweli is an NFT certification protocol based on a decentralised consensus algorithm called Proof of Democracy (PoD). 

The post Wakweli partners with Blockchain Lawyers Group to promote Web3 certification appeared first on CoinJournal.

https://coinjournal.net/news/altsignals-asi-token-could-surge-as-meme-coin-trading-volume-surges-to-a-two-year-high/

Key takeaways

• Meme coin trading volume reached a two-year high last week.

• The milestones come as investors poured funds into PEPE, POOH, and other meme tokens.

• AltSignals’ ASI token could be a big winner thanks to its utility in the trading ecosystem.

The past few weeks have truly been the meme coin season. Meme coins, especially those on the Ethereum network, have witnessed massive adoption over the past few weeks.

Pepe, POOH, and Pawswap are some of the most popular meme coins that launched in recent weeks and recorded massive profits. With the meme coin mania rising again, more traders could be looking to trade the coins and other cryptocurrencies.

AltSignals could play an important role in the ecosystem thanks to the various trading products and solutions it offers to traders. 

A surge in meme coin trading volume

According to recent research by Dune Analytics, the trading volume of meme coins is now at a two-year high. 

The report revealed that the cryptocurrency market recorded a $2.3 billion in meme coin trading volume last week. This represents a six-fold rise from the preceding week’s $387 million. It is also the highest meme coin trading volume recorded since May 2021.

Top of the pile is Pepecoin (PEPE), a g-themed token launched last month. With a total supply of 420 trillion, Pepecoin surpassed $1 billion in market cap last week and eventually reached its all-time high of $1.82 billion. 

In addition to PEPE, other low-cap meme tokens, including, DINO, WSB, CHAD and 4TOKEN, rose by hundreds of percentages over the past two weeks. 

The rising interest in meme coins could lead to more interest in the cryptocurrency market over the next few months. 

An increase in the total cryptocurrency market cap

The cryptocurrency market cap has increased since the start of the year and currently stands above $1.1 trillion. The increasing demand for meme coins could translate into the broader cryptocurrency market.

If that happens, the cryptocurrency market cap could record further growth over the next few weeks and months. The total cryptocurrency market cap is still down by more than 50% from the all-time high of $3 trillion recorded in November 2021.

With an increase in the total cryptocurrency market cap, we could see more traders enter the market and a surge in trading activities. 

What is AltSignals?

AltSignals is a trading platform designed to provide trading signals for cryptocurrencies and other asset classes, including stocks, forex, indices, and CFDs. 

AltSignals is currently in a presale stage as the developers seek funds to improve their services. The development of ActualizeAI could improve AltSignals’ services and make it easier for traders in the market.

Actualize is fully automated and has a 24/7 trading function. ActualizeAI is designed to help traders to know when to enter trades, execute more accurate trades, and implement proper risk management strategies. 

ASI is the native token of the AltSignals ecosystem. Holders of the token will have access to various services offered by AltSignals. You can learn more about the AltSignals pre-sale by visiting their website.

How the surge affects AltSignals 

AltSignals could be one of the biggest beneficiaries of the current market trend changes. As more investors and traders enter the market, trading volume for various cryptocurrencies could increase.

More people will want to trade cryptocurrencies, and this is where AltSignals comes in. AltSignals could make it easier for users to trade meme coins and other cryptocurrencies. 

Furthermore, AltSignals could make it easier to trade other asset classes like forex and stocks.

If that happens, its native ASI token could perform excellently. At the moment, ASI is still in its pre-sale stage, and the developers have raised more than $670k so far. 

One ASI is selling for about $0.015, and the price is expected to rise once the second stage of the token sale commences.

In the last bull cycle, the rallies recorded by the likes of Dogecoin and Shiba Inu showed that the Bull Run was in full flow. The rally by PEPE and other meme coins could indicate that another Bull Run could be on the cards.

AltSignals (ASI) is an even better token than PEPE and other meme coins since ASI has utility while most meme coins don’t. 

Are cryptocurrencies good investments? 

Historically, cryptocurrencies have been excellent investments. Cryptocurrencies have generated higher returns on investments (ROI) compared to stocks and commodities since Bitcoin launched in 2009.

Bitcoin and Ether have given early investors thousands of percentages in ROI. Meme coins such as Dogecoin and Shiba Inu are not left out, while metaverse-focused tokens like MANA and SAND have also generated massive profits for early investors. 

Is now a good time to buy AltSignals?

AltSignals is a highly promising project if the developers deliver on their promises. Cryptocurrency trading remains one of the hardest terrains to navigate, and having a tool that helps users to trade with ease could gain massive adoption.

The ActualizeAI solution could help boost AltSignals’ adoption rate, especially amongst crypto traders. 

AltSignals is a project that holds a lot of promise if the development delivers on its products and features. The launch of ActualizeAI could see AltSignals’ adoption increase massively amongst crypto and forex traders. 

ASI could be a worthy coin to buy as its utility will increase once more people use AltSignals’ services. 

The post AltSignals (ASI) token could surge as meme coin trading volume reaches a two-year high appeared first on CoinJournal.

https://coinjournal.net/news/here-is-why-floki-inus-price-surged-by-over-50-today/

Key takeaways

• FLOKI is the best performer amongst the top 100 cryptocurrencies by market cap today.

• The token has added more than 50% to its value today and could rally higher in the near term.

• Binance is set to list Floki Inu in its Innovation Zone while the token is now live on Bitfinex

Floki Inu price rally by more than 50% today

FLOKI, the native token of the Floki Inu ecosystem, has been the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours.

At press time, the price of Floki Inu stands at $0.00005282, up by 56% over the past few hours. 

The rally comes thanks to two massive listings of the Floki Inu token. Earlier today, Bitfinex, one of the leading cryptocurrency exchanges in the world, listed FLOKI on its trading platform. 

We’re live now for trading – #FLOKI can now be traded with USD and Tether $USDt!

You’ll also enjoy our trading fee promotion:
✅ ZERO fees for market makers
✅ 4 bps for market takers

Start trading on Bitfinex:https://t.co/RXJ1Kg0JQ4 pic.twitter.com/2xHWKTmBgQ

— Bitfinex (@bitfinex) May 5, 2023

This latest cryptocurrency news means that FLOKI can be traded against USDT on the Bitfinex crypto exchange.

Binance lists FLOKI in its innovation zone

Following the announcement by Bitfinex, Binance, the world’s largest cryptocurrency exchange, also announced earlier today that it would be listing Floki Inu and PEPE coins in the Binance Innovation Zone. 

#Binance will list @pepecoineth $PEPE and @RealFlokiInu $FLOKI in the innovation zone.

➡️ https://t.co/yxcINj0whc pic.twitter.com/o4UTvWZkHj

— Binance (@binance) May 5, 2023

The Binance Innovation Zone was introduced to users of the cryptocurrency exchange a safe place to trade new and innovative projects. 

These latest developments were behind FLOKI rallying by more than 50% over the last 24 hours. The positive performance comes despite the broader crypto market currently stagnating.

Bitcoin is down by less than 1% in the last 24 hours and continues to trade above the $29k level. Ether, the second-largest cryptocurrency by market cap, is up by less than 1% so far today and is trading just above $1,900. 

At press time, the total cryptocurrency market cap stands at $1.2 trillion. 

The post Here is why Floki Inu’s price surged by over 50% today appeared first on CoinJournal.

https://coinjournal.net/news/woo-price-surged-by-12-today-can-it-hit-0-3500-soon/

Key takeaways

• WOO is the best-performing cryptocurrency amongst the top 100 by market cap today.

• The rally comes as Woo Network listed new perpetual products and revamped its community ambassador programme.

• WOO could be eyeing the $0.3500 psychological level following its recent rally.

WOO price stands at $0.2893, up by more than 12% today

WOO, the native token of the Woo Network, is the best performer amongst the top 100 cryptocurrencies by market cap today. The token is up by more than 12% in the last 24 hours.

At press time, the price of WOO stands at $0.2883 and could rally higher in the near term.

The rally comes as the WOO Network listed the SUI perpetual token with zero fees on its platform. This latest cryptocurrency news means that traders on WOO can start trading SUI futures.

🌊 Ride the #SUInami on $SUI – PERP with ZERO fees. @SuiNetwork the latest L1 platform token built with Move, has arrived on WOO X.

▶️ Start trading at https://t.co/lM1upFinM5 pic.twitter.com/iD6VKdLIyC

— WOO X (@_WOO_X) May 4, 2023

In addition to that, the Woo Network recently revamped WOO Force, its community ambassador programme. The revamp is designed to extend the reach of WOO’s growth initiatives.

May the force forever be with $WOO ⚛️

🔥 Recognizing the surging social activity around the $WOO ecosystem, we’ve recently revamped WOO Force – our community ambassador programme.

▶️ Learn about these changes and join the force today:https://t.co/lXTgCTkHop pic.twitter.com/dNSRkI6YiG

— WOO X (@_WOO_X) May 4, 2023

These latest developments could be the major catalysts behind WOO’s ongoing rally.

Could WOO reach the $0.3500 psychological level soon?

WOO has been performing well in recent days and could be on its way to reaching new highs. At press time, WOO is trading above the $0.28 level.

If the rally continues, WOO could reach the $0.3500 psychological level for the first time since April 19.

The fundamental conditions of the broader cryptocurrency market could also help WOO rally toward that price. 

Despite its recent positive performance, WOO remains 88% down from the all-time high of $2.4807 it achieved in November 2021. 

The post WOO price surged by 12% today: can it hit $0.3500 soon? appeared first on CoinJournal.

https://coinjournal.net/news/venom-networks-public-testnet-records-69-million-transactions/

Key takeaways

• The Venom Network’s first testnet was successfully launched.

• The team revealed that 223,446 wallets created were created, and 69,000,000 transactions were completed.

• The Venom testnet is designed with ecosystem users and developers in mind.

Venom Network launches its first public testnet

Venom Foundation, a decentralised network aimed at accelerating Web3 development and which is licensed by the Abu Dhabi Global Market (AGDM), announced on Wednesday, May 3rd, that it has successfully launched its first testnet. 

Venom is a highly scalable layer-1 blockchain network designed to support a wide range of decentralised applications. 

A massive thank you to our incredible community for participating in this first week of #VenomTestnet!

With your help, Venom will pave the way for a brighter future.

Last week in numbers👇 pic.twitter.com/xqGuyhFH4I

— Venom Network (@Venom_network_) May 3, 2023

According to the Venom Foundation, 223,446 wallets were created in the first week of the public testnet. Furthermore, the team revealed that a total of 69 million transactions were carried out during the testnet. 

The Venom Foundation previously pointed out that the public testnet going live is a huge milestone for the blockchain ahead of its mainnet launch. 

In addition to the testnet, the Venom Foundation also launched several dApps developed in-house as it grows its blockchain ecosystem. 

Other than the testnet, Venom has also released multiple decentralized applications (dApps) developed in-house as part of the L1’s growing ecosystem. Peter Knez, the Chair of the Venom Foundation Council,

While commenting on the testnet launch last week, 

“We’re excited to announce the launch of Venom’s public testnet, a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand.”

1,370,189 NFTs minted during testnet

In addition to the record number of wallets created and transactions completed during the testnet’s first week, Venom also reported another important milestone.

According to the Venom Foundation, a total of 1,370,189 NFTs were minted during the first week of the testnet launch. This is an important milestone as Venom seeks to become a leading blockchain in the NFT ecosystem. 

The post Venom Network’s public testnet records 69 million transactions appeared first on CoinJournal.

https://coinjournal.net/news/flares-api-portal-launches-on-the-google-cloud-marketplace/

Key takeaways

• Flare has integrated its API Portal on the Google Cloud Marketplace.

• The integration grants developers access to a wide range of blockchain APIs.

• Flare partnered with Uppercent earlier this year to launch an NFT marketplace for e-learning. 

Flare integrates its API Portal on Google Cloud Marketplace

Flare, a Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet, has announced the integration of its API Portal on Google Cloud Marketplace.

In a press release shared with Coinjournal, the team said it is launching some of the first blockchain APIs on the platform. 

This latest cryptocurrency news means that blockchain data from Flare’s nodes and Connected Chain nodes can be accessed by developers using Google Cloud Marketplace to perform easy blockchain transactions and read up-to-date states.

Thanks to this integration, Google Cloud’s built-in Cloud Marketplace now supports blockchain APIs for Algorand, BNB Smart Chain, Bitcoin, Dogecoin, Ethereum, Flare, Litecoin, Songbird, and XRP.

Furthermore, the Flare team said all of the blockchain APIs that are added to its API Portal in the future would be made available to Google Cloud developers. 

With blockchain APIs, developers can create applications that carry out transactions and query on-chain data pertaining to the chain’s latest state.

By accessing APIs, developers no longer need to run their own nodes for the blockchains they wish to interact with. This is a useful feature for developers, especially when creating cross-chain applications that must query multiple data sources. 

Developers can access Flare APIs using their existing Google Cloud account

The Flare team informed developers that they can access all of Flare’s current APIs via their existing Google Cloud account.

While commenting on this latest development, Josh Edwards, Flare’s VP of Engineering, said; 

“Greater availability of leading blockchain APIs on platforms such as Google Cloud Marketplace reduces the barriers to Web3 participation. It makes it easier for developers to experiment with blockchain technology and its many use cases without being burdened by onerous hardware costs and ongoing maintenance. It also opens up the possibility for larger organizations and partners to experiment with a safe, secure, and approved set of Web3 APIs. As a result, developer teams have the flexibility to create applications without any infrastructure headache, which allows them to focus on creating and shipping great products.”

James Tromans, Head of Web3 Engineering at Google Cloud, also said;

“We’re excited to support and promote the ambitions of our Web3 partners in our ecosystem, with the integration of Flare’s high-performance APIs into our Marketplace.”

Flare has been busy creating despite the bear market. In February, Flare partnered with Uppercent to launch the first NFT marketplace for e-learning

Flare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet.

The post Flare’s API Portal launches on the Google Cloud Marketplace appeared first on CoinJournal.