Bitcoin News

BofE's Sarah Breeden: Modernising the trains and rails of UK payments

Mon, 15 Apr 2024 19:53:00 +0000

The money we use to support economic and financial activity, and the payment systems we use as we do so, are fundamental to the Bank of England’s role to maintain monetary and financial stability.

Lloyds completes first electronic Bill of Landing transaction

Mon, 15 Apr 2024 13:20:00 +0000

Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation.

Reltime launches blockchain R&D centre in India

Mon, 15 Apr 2024 12:56:00 +0000

Reltime, a leader in Web3-based financial and digital services technology, is proud to announce the opening of a new research and development facility, ‘Reltime Research Lab Private Limited’, in Chennai, India.

Blockchain and TradFi: from disruption to transformation

Sun, 14 Apr 2024 15:09:43 +0000

Blockchain has longtime been looked at as a disruptive technology for the traditional financial (Tra...

Hong Kong set to approve first crypto ETF

Thu, 11 Apr 2024 11:07:00 +0000

Hong Kong's financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.

TOP-5 use cases for GenAI implementation in Banks or Fintech companies

Wed, 10 Apr 2024 13:23:13 +0000

Over the past few years, Generative Artificial Intelligence, or GenAI, has started to play a major r...

A Fintech PM's note on Payments Tokenization 101

Wed, 10 Apr 2024 12:48:05 +0000

The changes in the e-commerce and digital transactions sphere have been evident for quite some time ...

Isle of Man announces participants in fintech challenge

Wed, 10 Apr 2024 12:07:00 +0000

The Isle of Man Government today reveals the cohort of 16 international organisations that will take part in the Island’s biggest ever Innovation Challenge.

GrtWines launches fine wine tokenisation platform

Wed, 10 Apr 2024 12:04:00 +0000

GrtWines (https://www.grtwines.com/), a Web3 wine marketplace for enthusiasts and investors, proudly announces the official launch of its digital platform to collect, trade, and store fine wines with asset backed tokens.

Indian fintechs partner for blockchain payments

Wed, 10 Apr 2024 11:41:00 +0000

In a partnership talk, Asia’s fastest unicorn Zyber 365, a company involved in decentralized blockchain technologies, recently joined forces with CashKaro, India's leading cashback platform.

Future of Payment Review UK – six months on

Wed, 10 Apr 2024 11:15:22 +0000

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the...

Insurers target crypto market

Wed, 10 Apr 2024 10:55:00 +0000

The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.

Kyriba teams up with JP Morgan's Onyx blockchain business

Tue, 09 Apr 2024 18:28:00 +0000

Today, Kyriba, a global innovator in liquidity performance, announced a first of its kind innovation with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers.

How FedNow is Shaping Payments Since its Groundbreaking Launch

Tue, 09 Apr 2024 18:14:40 +0000

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transfo...

Siren and Chainalysis partner to trace blockchain transactions

Tue, 09 Apr 2024 15:14:00 +0000

Siren, the all-in-one investigation platform company on a mission to keep people, assets and networks safe, and Chainalysis, the blockchain intelligence platform, today announced details of a strategic partnership at the annual Chainalysis Links event in New York.

ECB preps DLT trials for wholesale central bank money settlement

Tue, 09 Apr 2024 00:01:00 +0000

The European Central Bank has put together a host of participants for exploratory work on the use of distributed ledger technology to settle wholesale transactions in central bank money.

Ellipsis Labs raises $20m

Thu, 04 Apr 2024 16:02:00 +0000

Ellipsis Labs, the core developers behind the on-chain Phoenix exchange, today announced $20 million in Series A funding. Led by Paradigm with participation from Electric Capital, the funding will accelerate Ellipsis Labs’ efforts to build DeFi products that can rival the performance of traditional finance.

Ripple plans stablecoin

Thu, 04 Apr 2024 14:22:00 +0000

Crypto and blockchain giant Ripple is launching its own dollar-pegged stablecoin.

Finboot appoints Mark Redwood to advisory board

Thu, 04 Apr 2024 10:17:00 +0000

Finboot is announcing today it has appointed Mark Redwood a financial and professional services specialist and former Chairman of Karnov Group, and Thomson Reuters President, to its Advisory Board.

Central banks explore tokenisation of cross-border payments

Thu, 04 Apr 2024 00:01:00 +0000

A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.

BofE and FCA issue draft guidance on Digital Securities Sandbox

Thu, 04 Apr 2024 00:01:00 +0000

UK regulators are inviting feedback on draft guidance for firms looking to enter the country's new Digital Securities Sandbox (DSS).

Zand Bank subscribes to Infosys Finacle corporate banking suite

Wed, 03 Apr 2024 13:04:00 +0000

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY) and Zand Bank (Zand), UAE’s first digital-only bank, today announced the bank’s decision to subscribe to the Infosys Finacle Solutions suite to power its corporate banking services.

Sensay Secures $3 Million in Groundbreaking Public Sale, Outshining Competitors with Launch of $SNSY Token

Tue, 02 Apr 2024 07:39:53 +0000

London, United Kingdom, April 2nd, 2024, Chainwire

Sensay, the builders of on-chain digital immortality, celebrates a major triumph, having raised over $3 million in a successful public sale. This financial milestone, marks the launch of the $SNSY token, cementing bootstrapped Sensay as a leader in the digital identity sector, outpacing seed-funded competitors yet to launch products.

Innovating Digital Legacy

Sensay’s advanced platform for creating authorized AI replicas unlocks new realms of intellectual capital creation and distribution. With the $SNSY token, Sensay provides a decentralized infrastructure that revolutionizes the way digital identities are managed and monetized, promising a future where digital replicas continue to add value indefinitely.

The swift completion of the public sale, with tokens selling out in record time, demonstrates market confidence in Sensay’s vision and technology.

Dan Thomson, Sensay’s CEO, stated, “This achievement is a significant milestone for us, surpassing industry benchmarks and setting a new standard in digital identity monetization. Our technology’s potential to transform the digital legacy landscape is now more evident than ever.”

Traction and Strategic Partnerships

Sensay boasts over 25,000 monthly active users and a vibrant community exceeding 50,000 members. Recognition as a TedAI Hackathon finalist and a top-three finish on Product Hunt, endorsed by the Oxford AI Society, showcases Sensay’s impact and innovation. Strategic partnerships with Fetch AI, SingularityNET, Banyan (Filecoin), AIOZ, SolvCare, and LayerZero further amplify Sensay’s technological edge and market reach.

Future Growth

The SNSY Token is due to be listed on leading Centralised Exchanges as well as Uniswap Decentralised Exchange on the 2nd April 2024. The team is proud of the fact that the Sensay public sale has attracted attention from influential individuals, investors, and industry partners.

The proceeds from the public sale will fuel continued innovation and expansion. Sensay invites individuals and businesses to explore the $SNSY token’s potential and engage with its growing eecosystem. Users can visit https://snsy.ai for more information and join the digital legacy revolution.

About Sensay

Sensay creates lifelike AI digital replicas, offering everyone limitless potential in a digital age. These on-chain verified autonomous digital twins empower users to retain ownership and monetize this powerful technology. Starting with replicas for dementia patients and their families, the technology has an immediate social impact. Beyond this, the use cases for digital twins are endless.

Users are welcome to converse with a digital replica of our founder, Dan Thomson, at: sensay.io/replicas/dan

For more information:

Contact

CEO
Dan Thomson
Sensay
dan@sensay.io

The post Sensay Secures $3 Million in Groundbreaking Public Sale, Outshining Competitors with Launch of $SNSY Token appeared first on CoinJournal.

Crypto Bulls See $400M Liquidations as Solana, Dogecoin Lead Slide in Majors

Tue, 02 Apr 2024 07:27:29 +0000

The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4.5%.

Singapore Enacts Licencing Requirements for Crypto Custody Services and Others

Tue, 02 Apr 2024 06:25:20 +0000

Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.

Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High

Tue, 02 Apr 2024 05:33:48 +0000

The U.S. factory activity unexpectedly expanded in March, data released Monday showed, sending the dollar index higher.

Sam Bankman-Fried Now Feels Remorse for His Actions After Getting a 25-Year Prison Sentence

Tue, 02 Apr 2024 05:19:56 +0000

FTX founder and former CEO Sam Bankman-Fried has said "of course" he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week.

Moongate Raises $2.7M Seed Round to Develop a Modular Web3 Engagement Layer for Real-World Activations

Tue, 02 Apr 2024 02:57:07 +0000

Hong Kong, Hong Kong, April 2nd, 2024, Chainwire

Moongate announces the closing of a $2.7M Seed round to develop a Modular Web3 Engagement Layer for Real-World Activations. Backed by its success in disrupting the ticketing industry, the company aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI.

The funding round was led by CMCC Global’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable angel investors from Coingecko, Synthetix, and Dolphin Browser. The team also received ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain.

“We are thrilled to have the backing of our investors as we continue to build out our modular Web3 engagement layer. This funding will accelerate our product development and further our mission of driving meaningful Web3 adoption across various industries,” said Jonathan Mui, Founder and CEO of Moongate, expressing his excitement for the investor support.

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global’s Titan Fund, affirmed Moongate’s potential: “Moongate is at the forefront of driving real-world adoption of Web3 technologies. Their approach to creating a modular Web3 engagement layer will unlock significant value for brands and consumers. The founders’ drive and commitment, along with their achievements in the ticketing industry, illustrate their potential. We’re excited to support the team as they bring Web3 to the next few hundred million people.”

Over 100,000 Active Users for Flagship Decentralized Ticketing and Membership Platform

Moongate has already made significant strides with its flagship product, a decentralized ticketing and membership platform. By transforming real-world assets and experiences into immutable digital tokens on the blockchain, it allows brands to establish direct, authenticated channels with their fans, fostering deeper relationships and unlocking opportunities for personalized experiences, exclusive content, and loyalty programs.

The company boasts an active user base exceeding 100,000 individuals, with major enterprise customers successfully implementing the solution. Notable clients include Wonderfruit, one of Southeast Asia’s largest music festivals, ComplexCon, a globally renowned cultural conference by Complex, and Siam Piwat, a major conglomerate in Thailand with over $1.5 billion in annual revenue. Moongate has also secured long-term service contracts with leading Web3 platforms, including Binance and Avalanche, as well as with major regional crypto conferences across more than 30 countries. Building upon its success, Moongate plans to introduce new feature sets to disrupt adjacent industry segments.

Experience Web3 Engagement through the #MoonFarmer Campaign

To showcase the potential of its Web3 engagement layer, Moongate has unveiled the #MoonFarmer campaign. This initiative is designed to incentivize users and creators by rewarding them with points for engaging in various tasks on the platform, fostering creativity, ownership, and community participation on-chain.

The company is committed to providing the utility and connectivity required for the next generation of Web3 experiences. The highly anticipated early access to the private beta is scheduled to roll out this week, leading up to the public launch. Further details about the campaign can be found in the linked post.

As Moongate continues to innovate and expand its offerings, the company remains dedicated to its mission of driving meaningful Web3 adoption across various industries. With the support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize the way brands and consumers interact in the digital age.

For media enquiries, users can contact:

Jonathan Mui: jon@moongate.id

About Moongate

Moongate is building a Modular Web3 Engagement Layer for Real-World Activations, abstracting the complexity of blockchain to record real-world experiences on-chain. This allows users to create a ‘phygital’ passport to unlock various rewards, access, and communities tied to their omni-channel profiles. The company’s flagship product, a decentralized ticketing platform, has already demonstrated significant traction, with an active user base of more than 100,000 individuals and successful partnerships with major enterprises such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and many more across 30+ countries. Backed by its success, Moongate aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI technologies.

To learn more users can visit Moongate’s

About Titan Fund

Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on seed to series A companies along the key investment verticals of Infrastructure, Fintech and Consumer. The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and crypto assets since 2016, and its SYZCrest fund of funds that invests into crypto quant funds.

To learn more users can visit Titan Fund Official Website

Contact

CEO
Jonathan Mui
Moongate
jon@moongate.id

The post Moongate Raises $2.7M Seed Round to Develop a Modular Web3 Engagement Layer for Real-World Activations appeared first on CoinJournal.

BSX: The First CLOB Perp Exchange to Launch on Base Layer-2 Blockchain

Tue, 02 Apr 2024 02:42:31 +0000

Grand Cayman, Cayman Islands, April 1st, 2024, Chainwire

Quick Take

BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody features of decentralized exchanges.
BSX will begin trading on Base L2 Mainnet Alpha on April 1, 2024.

Following the conclusion of its Public Testnet trading phase in Q1, BSX – the new standard in premier, high-performance decentralized exchanges (DEXs) – is set to begin trading on the Base L2 Mainnet Alpha on April 1, 2024.

BSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, among others. BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX.

BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of centralized exchanges (CEXs) with the pricing and self-custody features of (DEXs). By utilizing the Base network, BSX provides lightning quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements.

BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallets, enable one-click trading, and securely execute trades on-chain. BSX users will be able to access a wide range of crypto products, including perpetuals, spot, and more, all in one place.

Core product offerings:

Low-gas Trading: Base’s transaction costs are minimal and highly optimized, enabling near gas-free settlements. This makes the total trading costs comparable to CEXs.
Unrivaled Performance: Our high-performance trading engine provides extremely low latency and instant, guaranteed execution. Coupled with our one-click instant trading feature, it offers an experience akin to, if not better than, CEX trading.
Self-custody and Transparency: By settling all trades on-chain, BSX ensures you have full control over your funds without any hidden counterparty risks. Your keys, your coins.
API Integrations: BSX’s Delegated Keys feature simplifies the use of external trading terminals without exposing your private keys or relinquishing custody of your funds.

BSX initiated its Private Testnet in November 2023 – welcoming early adopters from an extensive waitlist of 80,000 members – and its Public Testnet in January 2024 included 5,000 traders, who contributed to a robust total trading volume of $5B during the period.

BSX is positioned to compete with leading centralized exchanges like Binance and OKX, with crypto perpetuals trading in April, followed by other products later this year. Visit bsx.exchange to trade and participate in the upcoming exciting rewards program for new traders and/or go to the following:

Discord community: https://discord.gg/FWdPe5Vgjr

Twitter: https://twitter.com/bsx_labs

Public docs: https://docs.bsx.exchange/bsx-docs

Contact

Core Contributor
Henry N
BSX Protocol Foundation
team@bsx.exchange

The post BSX: The First CLOB Perp Exchange to Launch on Base Layer-2 Blockchain appeared first on CoinJournal.

Protocol Village: Lorenzo Plans First 'Bitcoin Liquid Restaking' Protocol Using Babylon Tech

Mon, 01 Apr 2024 19:47:03 +0000

The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 28-April 3.

Bitcoin’s Future as Currency

Mon, 01 Apr 2024 17:38:58 +0000

Bitcoin has flourished as digital gold. But, in the long-term, its biggest impact will be in denominating business and trade, says Zac Townsend, CEO of Meanwhile.

Bitget lists Ethena (ENA) Ethereum-based Synthetic Dollar Protocol on Launchpool

Mon, 01 Apr 2024 17:12:34 +0000

Victoria, Seychelles, April 1st, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of Ethena (ENA) token, the governance token for Ethena, which is the protocol for the synthetic crypto-native dollar. The token is available on Launchpool, where users can stake BGB and USDT to farm ENA.

As a synthetic dollar protocol built on Ethereum, Ethena provides a crypto-native solution for money without relying on traditional banking system infrastructure. Ethena’s synthetic dollar called USDe is the first censorship-resistant, scalable, and stable achieved by delta-hedging staked Ethereum collateral. USDe is fully backed transparently onchain and free to compose throughout DeFi. USDe peg stability is ensured through the use of delta hedging derivatives positions against protocol-held collateral.

On release, Ethena’s users will be able to access external AMM pools to acquire or sell USDe with stablecoin collateral such as USDT or USDC. The mechanism backing USDe will enable the first “Internet Bond” that will sit alongside the synthetic dollar, offering a crypto-native, yield-bearing, dollar-denominated savings instrument, derived from staked Ethereum returns and the funding and basis spread available in perpetual and futures markets.

Bitget Launchpool enables users to stake and earn tokens with user-friendly terms and conditions. By staking BGB or other coins into the Launchpool, users have the chance to earn free airdrops, earnings, and access to a substantial prize pool. The estimated ROI is available for viewing on the Launchpool page with the flexibility to withdraw staked assets into the broader DeFi ecosystem with Bitget Wallet.

Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platform is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs, including tokens from trending DeFi sectors. In 2023 alone, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets.

To participate in Ethena Launchpool, visit – https://www.bitget.com/support/articles/12560603807489

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Contact

Bitget
PR Team
media@bitget.com

The post Bitget lists Ethena (ENA) Ethereum-based Synthetic Dollar Protocol on Launchpool appeared first on CoinJournal.

Tether now the seventh-largest Bitcoin (BTC) holder

Mon, 01 Apr 2024 16:31:45 +0000

Tether recently committed 15% of its net profit to Bitcoin investments.
On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B.
Tether is now 7th largest holder of Bitcoin (BTC), with 75,354 BTC.

Tether, the leading issuer of USDT, has emerged as the seventh-largest holder of Bitcoin (BTC) after a strategic acquisition of 8,888 BTC on March 31, valued at $618 million.

The latest purchase substantially bolstered Tether’s Bitcoin holdings, bringing the total to 75,354 BTC. The acquisition, executed at an average price of $30,305 per BTC, has proven to be astute, with the market value now standing at $5.2 billion.

CoinStats data indicates an impressive 128% increase in the value of bitcoins in the wallet that made the latest BTC acquisition, translating to an unrealized profit of $2.94 billion.

Tether’s strategic Bitcoin acquisition

Tether’s decision to secure a substantial amount of Bitcoin comes at a time when institutional interest in the leading cryptocurrency has surged.

Fueled by the approval of United States spot Bitcoin ETFs and anticipation surrounding the Bitcoin halving, Tether’s move reflects a strategic response to the evolving landscape of digital assets.

Tether’s ascent to becoming a major Bitcoin holder underscores its commitment to diversifying the backing assets of its stablecoins.

With a declared intention to allocate 15% of its net profit towards Bitcoin investments, Tether aims to strengthen its position within the cryptocurrency market and further solidify its role as a key player in the digital asset space.

This strategic move not only elevates Tether’s standing within the cryptocurrency community but also highlights the growing importance of Bitcoin as a core asset in institutional investment portfolios.

As Bitcoin continues to gain traction as a store of value and an investment asset, Tether’s strategic investment strategy underscores its vision to remain at the forefront of innovation and disruption in the evolving landscape of finance and technology.

The post Tether now the seventh-largest Bitcoin (BTC) holder appeared first on CoinJournal.

Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data

Mon, 01 Apr 2024 15:22:01 +0000

The stablecoin issuer's BTC holdings now top 75,000 tokens worth about $5 billion.

Thailand’s Bitkub laying the ground for its IPO

Mon, 01 Apr 2024 15:19:09 +0000

Bitkub, Thailand’s top crypto exchange, plans IPO in 2025 to boost its profile and raise funds.
IPO preparation includes hiring advisors.
Bitkub eyes global expansion amidst rising competition & regulatory scrutiny.

Bitkub Capital Group Holdings, the parent company of Bitkub Online, Thailand’s largest cryptocurrency exchange, is laying the groundwork for a monumental step forward — their Initial Public Offering (IPO) slated for 2025.

CEO Jirayut Srupsrisopa, also known as Topp, has indicated that the IPO aims to elevate Bitkub’s presence and secure vital funding for future endeavours.

Bitkub is currently in the process of enlisting financial advisors to facilitate the IPO listing, reflecting a strategic move towards enhancing its market standing amidst intensifying competition.

Bitkub Online, the exchange platform, is valued at approximately $165 million, a figure expected to surge as trading volumes surpass previous records. The company’s commitment to expansion extends beyond Thailand, with plans to explore listing opportunities in global financial hubs like Hong Kong, signalling ambitions for broader market penetration and enhanced visibility.

Bitkub’s proactive approach underscores its determination to navigate evolving market dynamics while capitalizing on emerging opportunities in the crypto landscape.

Navigating challenges amidst growth trajectory

Despite its promising trajectory, Bitkub faces challenges on multiple fronts.

The emergence of competitors such as Binance Thailand poses a formidable threat, intensifying the battle for market dominance. Moreover, regulatory scrutiny and setbacks such as the cancellation of a potential acquisition deal with Siam Commercial Bank (SCB) in 2022 underscore the complexities inherent in Bitkub’s journey towards sustained growth.

Nonetheless, Bitkub remains undeterred in its pursuit of market leadership and innovation. The exchange’s recent trading volume, exemplified by approximately $81.5 million in spot trading within 24 hours, reflects its active participation and influence in the crypto market.

With meticulous planning and strategic initiatives, Bitkub aims to leverage its IPO as a catalyst for transformative growth, solidifying its position as a prominent player in the global cryptocurrency landscape.

The post Thailand’s Bitkub laying the ground for its IPO appeared first on CoinJournal.

12 Future Bitcoin Scenarios: From Bullish to Bearish

Mon, 01 Apr 2024 14:54:25 +0000

Predictions from Anthony Pompliano, Des Dickerson, Cory Klippsten, Isaiah Jackson, David Johnston, Wendy O, Cas Piancey, and others.

Bitfarms mines less BTC in March despite expanding its mining Fleet

Mon, 01 Apr 2024 14:23:23 +0000

Bitfarms mined 286 BTC in March, down from 300 in February.
Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency.
Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC.

Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, despite its ongoing efforts to expand and upgrade its mining fleet.

Bitfarms mined a total of 286 BTC in March 2024, down from the 300 BTC mined in February.

This decline in production can be attributed to various factors, including participation in grid-stabilizing curtailment programs and power plant maintenance activities in Argentina.

Additionally, a temporarily lower average operating EH/s and a 4.8% increase in network difficulty compared to the previous month also contributed to the decrease in BTC production.

Bitfarms’ fleet upgrade and expansion plan

Despite the decrease in BTC production, Bitfarms seems to be very committed to enhancing its mining capabilities.

The company has been actively pursuing its fleet upgrade and expansion plan, aiming to reach 21 EH/s and 21w/TH in 2024.

To achieve this goal, Bitfarms has made significant investments, including the purchase of 28,000 Bitmain T21 miners, along with additional S21 miners and S21 hydro miners.

These acquisitions are part of Bitfarms’ strategy to improve operational efficiency and capitalize on the potential for increased mining margins amid rising Bitcoin prices.

Current financial standing and future outlook of Bitfarms

Bitfarms sold 284 out of the 286 BTC earned in March, generating total proceeds of $19.2 million.

Furthermore, Bitfarms increased its BTC treasury holdings to 806, valued at $56.7 million, and held Synthetic HODL™ of 85 long-dated BTC call options, along with $66 million in cash, resulting in total liquidity of $123 million.

Looking ahead, Bitfarms remains optimistic about its growth prospects.

The company is set to participate in several upcoming conferences and events, including DigitalABC’s First Annual Canadian Crypto Asset and Blockchain Policy Conference and the Bitcoin Policy Summit.

With its ongoing fleet expansion efforts and a focus on operational efficiency, Bitfarms is well-positioned to navigate the evolving cryptocurrency landscape and capitalize on opportunities in the market.

By diligently expanding its mining fleet and adapting to market conditions, Bitfarms continues to solidify its position as a key player in the Bitcoin mining industry.

The post Bitfarms mines less BTC in March despite expanding its mining Fleet appeared first on CoinJournal.

Core DAO’s CORE surges 200%: here’s what’s driving the price rally

Mon, 01 Apr 2024 13:47:39 +0000

CORE DAO’s token, CORE, sees a 67% surge reaching $2.75.
Several institutional investment funds have shown interest in CORE.
Technical indicators signal a bullish trend for CORE, despite the high RSI suggesting potential overvaluation.

The price of Core DAO’s native token, CORE, has experienced a staggering surge of over 200% within a week, capturing the attention of cryptocurrency investors.

This surge prompts an investigation into the factors fueling CORE’s rapid growth and its implications for the broader cryptocurrency industry.

CORE price performance

CORE DAO operates as an L1 blockchain supporting Ethereum Virtual Machine (EVM), enabling the execution of Ethereum smart contracts and decentralized applications (dApps). Its native token is referred to as CORE.

With its “Satoshi Plus” consensus mechanism, CORE combines delegated Bitcoin mining hash with delegated Proof-of-Stake (DPoS) for security. CORE serves as both the utility token and governance token of the Core network, facilitating various functions such as paying transaction fees, staking on the Core network, and participating in on-chain governance.

CORE’s recent price surge has astonished market observers, with the token’s value soaring by an impressive 67.25% in just one day, reaching $2.75.

CORE price chart

This surge has propelled CORE to the 54th position in market cap rankings, showcasing its significant market influence. Moreover, trading volume for CORE has surged by 148.07% in the last day alone, indicating heightened investor engagement and liquidity in the market.

CORE’s supply dynamics reveal that 875,161,702 tokens are currently in circulation, representing approximately 41.67% of its total supply of 2.1 billion tokens. With a fully diluted market cap of $5.78 billion, CORE’s potential market reach is substantial, enhancing investor confidence and interest in the project.

Technical indicators further support the bullish sentiment surrounding CORE. Exponential moving averages (EMAs) for 50, 100, and 200 days signal a bullish trend, acting as crucial support levels for price movements.

The MACD line indicates a positive sentiment, strengthening the bullish momentum for CORE. However, the high RSI suggests that the asset may be overvalued, potentially leading to significant price fluctuations.

Why is the CORE price rallying?

The recent surge in CORE’s price can be attributed to various factors, notably the endorsement from Coretoshis Lab. This endorsement highlighted the involvement of over 100 crypto institutional investment funds planning to purchase and hold CORE in the current year, instilling confidence in investors and attracting attention to the project.

💥Explosive News🔥

An anonymous person who does not want to reveal his name is preparing to push the price of #CORE to $100 before #Bitcoin halving.

The credibility of the news is very high. It is expected that 100+ crypto institutional investment funds will buy & hold $CORE… pic.twitter.com/zeE6R761lL

— Coretoshis🔸Lab (@Coretoshis_Org) March 29, 2024

Coretoshis Lab’s optimism about CORE’s future trajectory, coupled with references to “going to the Moon” and promising prospects for CoreDAO in 2024, has fueled FOMO among investors eager to capitalize on its upward momentum.

The Core Chain x Multibit/Bitstable: Core Journey Campaign also kicked off today (April 1, 2024) further fuelling the positive sentiment around CORE cryptocurrency.

The Core Chain x @Multibit_Bridge x @bssbstable Core Journey Campaign is now live.

Join for a chance to win prizes 🎁

All you need to do is complete the tasks on @taskonxyz👇https://t.co/ExOI4h1rHW pic.twitter.com/ww0FgHUnOs

— Core DAO 🔶 (@Coredao_Org) April 1, 2024

The post Core DAO’s CORE surges 200%: here’s what’s driving the price rally appeared first on CoinJournal.

Who Will Trump Pick for Veep? Polymarket Gives Tim Scott Best Odds: Prediction Markets

Mon, 01 Apr 2024 13:16:10 +0000

Plus: Free money? "Democrat wins New York" contract trades at 90 cents on the dollar.

Dogecoin payment for Tesla hint by Elon Musk causes a stir among meme coin prices

Mon, 01 Apr 2024 13:09:36 +0000

Elon Musk is optimistic about Dogecoin payments for purchasing Tesla cars.
NuggetRush price rises to $0.019 per token in the launchpad presale round.
Analysts believe meme coin prices could soar this year.

Elon Musk, the CEO of Tesla Inc., has been a big fan of Dogecoin (DOGE) for a while. He started talking about it back in 2019, saying he thought it was a pretty cool cryptocurrency.

Back then, not many people knew about Dogecoin. It took a bit of time and some more posts from Musk, along with a big increase in cryptocurrency prices, for Dogecoin to become popular. Musk has recently mentioned that you can buy Tesla merchandise with Dogecoin. This makes it seem like Tesla might start letting people use Dogecoin to buy cars too, since it already has a system for dealing with Dogecoin transactions.

Then we also have a few Dogecoin variants in the meme coin market which are showing great progress this year. One notable name that stands out is NuggetRush (NUGX), which some analysts consider a heavyweight against other memecoins. While all meme coin prices have increased this year, it is worth noting that investing in real-world utility coins gives you an added advantage.

Dogecoin seems to be the preferred cryptocurrency for Elon Musk

This crypto coin went viral, making some people rich and getting a lot of attention in the news. In 2021, Dogecoin reached its highest price ever, hitting $0.7376. Even though it dropped after that, it’s starting to become a top altcoin again in 2024. There’s more to know about how Tesla deals with cryptocurrency. In 2021, Musk and Tesla started letting people pay for Tesla cars with Bitcoin, but they stopped doing it a few months later. Musk said it was because of environmental issues.

He said, “Tesla isn’t letting people buy cars with Bitcoin anymore. We’re worried about how much fossil fuels are being used to mine Bitcoin and do transactions, especially coal, which is the dirtiest kind of fuel.” This is important because Dogecoin is based on Bitcoin and uses a lot of the same technology. That means Dogecoin also uses a lot of energy, even though it’s not as much as Bitcoin. This might be something Musk thinks about when he’s deciding whether Tesla should start taking Dogecoin payments again.

Even though Tesla stopped taking Bitcoin payments before, Musk’s recent comments about Dogecoin made the market happy. Dogecoin price went up by 15% this month. It’ll be interesting to see if Musk decides to look more into Dogecoin and if you’ll be able to buy a Tesla with it in the future. One thing is sure it has entered the preferred altcoin list for 2024.

NuggetRush offers real-world utility on its platform

Nugget Rush is the latest entrant in the world of meme coins that offers real-world features to their investors. First of all, it has a P2E gaming model that gives you a chance to earn real money by playing online games. It has already raised $3.5 million worth of investment from keen investors in the presale rounds. Some analysts believe it could be the best crypto investment for those who are interested in online gaming and NFT items.

The online NuggetRush marketplace has various trending NFT collections for you. You can stake these collections to get an extra 20% returns every year. So, if you are looking for the best NFT to buy right now, then it might be worth analyzing NuggetRush. The gaming characters will mesmerize you with their features and playing activities. Moreover, you won’t have to pay any online taxes to buy or sell the NUGX tokens. This way you can save some money that you pay on other platforms.

It is also giving a helping hand to miners living in the underdeveloped nations. This way, it is contributing to a social cause that needs attention. It is an altcoin to watch out for a reasonable price of $0.019 with excellent functionalities.

Conclusion

As Elon Musk continues showing his dedicated support for Dogecoin, it is evident that one day you will be able to buy a Tesla car with the crypto coin.

Other meme coins have soared in value after this announcement, and the biggest beneficiary could NuggetRush which has seen investors flock to its presale.

The post Dogecoin payment for Tesla hint by Elon Musk causes a stir among meme coin prices appeared first on CoinJournal.

Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%

Mon, 01 Apr 2024 11:38:38 +0000

Upbit's 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko data show.

Thai Crypto Exchange Bitkub Plans 2025 IPO: Bloomberg

Mon, 01 Apr 2024 10:41:07 +0000

The exchange's owner signaled its intention to sell shares to the public in a 2023 letter that didn't give a timeframe.

Meme Coins on Degen Chain Flourish as New Layer 3 Racks up Millions in Volumes

Mon, 01 Apr 2024 08:38:27 +0000

Degen Chain was released last week as a specialized network that sits atop Base, which itself is an Ethereum layer 2.

Bitcoin Becomes More Volatile Than Ether as Halving Approaches

Mon, 01 Apr 2024 06:22:43 +0000

Bitcoin's annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether's 30-day realized volatility by nearly 10 percentage points.

Crypto Market in Zen Mode as Bitcoin Remains Stable at $70K Ahead of Halving

Mon, 01 Apr 2024 06:00:24 +0000

All eyes are on the upcoming Bitcoin halving event.

Tornado Cash Dev Roman Storm Moves to Dismiss Indictment Over Crypto-Laundering Allegations

Sat, 30 Mar 2024 17:39:20 +0000

Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application

Fri, 29 Mar 2024 21:58:48 +0000

A federal judge ruled that Custodia Bank, a Wyoming special-purpose depository institution, isn't entitled to membership in the Federal Reserve or to a Fed master account.

Binance Executives File Suit Against Nigeria: Local Media

Fri, 29 Mar 2024 15:01:21 +0000

The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights.

Solana Foundation Says It Can Filter Through the Offensive Meme Coin Problem

Fri, 29 Mar 2024 12:43:58 +0000

Panelists at a BUIDL Asia summit said racist meme coins can be handled with a light touch.

Craig Wright Assets Frozen by UK Judge to Prevent Him Evading Court Costs

Fri, 29 Mar 2024 11:35:22 +0000

Judge James Mellor found earlier this month that Wright was not, as he'd claimed, Bitcoin inventor Satoshi Nakomoto

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Dogecoin payment for Tesla hint by Elon Musk causes a stir among meme coin prices

Dogecoin seems to be the preferred cryptocurrency for Elon Musk

NuggetRush offers real-world utility on its platform

Conclusion

Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%

Thai Crypto Exchange Bitkub Plans 2025 IPO: Bloomberg

Meme Coins on Degen Chain Flourish as New Layer 3 Racks up Millions in Volumes

Bitcoin Becomes More Volatile Than Ether as Halving Approaches

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Craig Wright Assets Frozen by UK Judge to Prevent Him Evading Court Costs

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