Category : CoinJournal

CoinJournal

Nasdaq 100’s price action indicates more gains for Bitcoin

Investors pile into the US tech sector, sending the NASDAQ 100 index higher Bitcoin’s rally should continue on the back of the bullish tech sector& A divergence with the NASDAQ 100 index shows more upside potential for Bitcoin Tech sect...

Bybit announces exit from the Canadian market

Bybit will not accept new account applications from Canadian residents and nationals as from 31 May. Existing customers have until 31 July and thereafter they will only be able to withdraw funds. Any open positions after 30 September 2023 will be li...

Metacade to rival Web 3.0 games as CEO shares an ambitious strategic direction

Metacade CEO upholds ambitious goal ahead of the main platform launch Metacade has enjoyed a stellar rise since it started to list on exchanges The token is attractive as Metacade embarks on roadmap You might be scared &- is it the right...

Coinbase stock has upside to $70, analyst says

Atlantic Equities upgraded Coinbase Global to “overweight” on Tuesday. Analyst Simon Clinch explained why in a research note to clients. Coinbase stock is already up more than 80% versus the start of 2023. Coinbase Global Inc continues...

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 underp...

Nvidia’s $1 trillion valuation sees crypto AI tokens surge

Nvidia’s march to a $1 trillion market cap has been helped by the AI boom. The company joins Apple, Microsoft, Alphabet, Amazon and Saudi Aramco in this exclusive club. Crypto AI tokens like Render, SingularityNET, Fetch.ai and Akash Network h...

The largest airline in Japan launches NFTs marketplace

Air Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed NFTs marketplace. Air Nippon Airways partnered with its subsidiary ANA Neo to develop the platform. Air Nippon Airways is currently expanding into Web3. The lar...

Tether invests in renewable energy for Bitcoin mining in Uruguay

Tether will invest in the project through a partnership with a local licensed company. Uruguay generates 94% of electricity from renewable energy sources Tether recently said it would invest profits into buying Bitcoin. Tether, the issuer of leadin...

bitFlyer restricts crypto transfers to comply with the Travel Rule

bitFlyer announced the Travel Rule restrictions will apply to TRUST-compatible exchanges across 21 countries. The exchange will also only allow transactions for TRUST-compatible cryptocurrencies, which include Bitcoin, Ethereum and some ERC-20 token...

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...

MetaZone Secures Funding to Expand the World’s First Tokenized App Platform for the Metaverse

Singapore, Singapore, May 30th, 2023, Chainwire MetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry leaders, Sfermion and CMT Digital, to expand their tokenized app platform pioneering the META, (Metave...

Wintermute sells 2.651M Optimism tokens on Binance ahead of token unlock

386 million Optimism (OP) tokens will be unlocked on May 31, Wintermute transferred 2.651 million OP tokens to Binance and later sold all the tokens. The OP tokens were sold for $1.63 per token. In what is seen as avoiding losses, the decentralized...

IOTA price taps 1-month high as Bitcoin retests $28k

IOTA price rose as high as $0.22 as Bitcoin retested $28k for the first time in weeks. Ethereum price also rose on Tuesday, breaking above $1.9k as sentiment on US debt ceiling deal buoyed markets. IOTA price is out of a descending triangle but need...

Tornado Cash price: no TORN boost even as deposits resume on major exchange

TORN price was down 3% and traded near $4.09. Binance had on Monday announced it would be resuming TORN deposits. The Tornado Cash DAO suffered a security breach as an attacker leveraged a malicious proposal to drain the treasury. The price of Torn...

Bitcoin miners lament falling fees, but debt ceiling negotiations cut 30% tax

Key Takeaways A proposed 30% tax on crypto mining appears to have been cut as part of US debt ceiling negotiations& Decision a win for crypto miners, who are struggling amid rising hash rate and increased electricity costs& Miners also hel...

Optimism price prediction ahead of the token unlock

Optimism, the fast-growing layer-2 network, is bracing for a major event that could hit its price. The developers will carry out a token unlock event that will release tokens worth millions of dollars to the market. According to TokenUnlocks, the tot...

XRP/USD regains the $0.5 level as the greenback is sold

The US dollar trades with a bearish tone following the debt ceiling agreement Ripple gained more than 8% in one week The technical picture looks bullish as the $0.55 resistance level looms large The dollar is under pressure after the over-the-week...

You can’t just buy a bank and make it crypto-friendly: CZ

Binance’s Changpeng “CZ” Zhao says that purchasing a bank would not be a solution to the crypto debanking issue. He cites the regulatory environment and need for a network of banking providers as key hurdles. Binance Australia was...

CoinEx launches BitHK trading platform for Hong Kong users

BitHK will offer spot trading and looks to launch a P2P exchange for Hong Kong users. The exchange will submit an application for registration as a VASP with the Hong Kong Securities and Futures Commission (SFC) on 1 June. Another exchange, Huobi HK...

MicroStrategy is better than Coinbase for crypto exposure: Berenberg

Berenberg analysts sees upside in MicroStrategy to $340. They explain their bullish view in a recent research note. Coinbase stock has a “hold” rating only at Berenberg. MicroStrategy Inc is a better pick for exposure to cryptocurrencie...

Blocktrade raises €4.5M in its BTEX Token sale

Gamified asset marketplace Blocktrade says it has raised €4.5 million in an exclusive BTEX Token (BTEX) sale. The sale attracted 1,400 community members from 42 countries. Blocktrade will use the funds to grow its platform. Blocktrade, a gamif...

Russia to use crypto exchanges for cross-border transactions

Russia appears to have ditched plans for a state-run cryptocurrency exchange, according to a new report. Instead, it is looking to establish a framework to support cryptocurrency exchanges and digital assets in cross-border transactions. The news wa...

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