Liquity is a small but fast-growing blockchain platform that owns LUSD.LUSD has managed to maintain its peg during the period of strains.Liquity (LQTY/USD) price has been one of the top performers in the crypto industry as demand for the mid-cap token jumps. It peaked at $3.37, the highest point since March last year. This means that the coin has risen by over 460% from its lowest point this year.Liquity price steadyLiquity is a small and fast-growing blockchain platform that provides interest-free loans on Ethereum. It does this through its Liquity USD, its stablecoin. Data compiled by CoinMarketCap shows that LUSD has maintained its peg against the US dollar. It was trading at $1.02 while its total market cap has jumped to over $255 million. It is unclear why Liquity has done well in the past few weeks. A likely reason is a fact that LUSD is one of the top over-collateralized stablecoins. The next key catalyst for the Liquity price will be the upcoming American inflation numbers scheduled for Tuesday. Economists believe that the data will show that the headline consumer price index (CPI) pulled back to 0.4% while core CPI came in at 0.5%. On a YoY basis, inflation is expected to come in at above 6%.A higher-than-expected inflation figure will put more pressure on the Federal Reserve to act. Analysts believe that the Fed will hike rates by 0.25% in its meeting next week. Some believe that it will not hike rates while those from Mizuho sees the bank cutting interest rates by 0.25%.Liquity price is also jumping as Bitcoin and Ethereum prices continue rising. Bitcoin has jumped to $24,800 while Ethereum has soared to $1,692. In all, the total market cap of all cryptocurrencies has risen to over $1.08 trillion. Cryptocurrencies tend to have a close correlation with each other.Another reason for the LQTY rally is the news that Binance has become one of the biggest holders of the token. Data shows that it owns about 11.5 million LQTY tokens.Liquity price predictionMediaLQTY chart by TradingViewThe daily chart shows that the LQTY price has been in a strong uptrend in the past few days. It jumped above the key resistance point at $1.81, the highest point on June 16. It also crossed the important level at $2.85, the previous YTD high. Liquity remains above all moving averages while oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have moved above the overbought level.Therefore, Liquity price will likely continue rising as buyers target the next psychological level at $3.50. The stop-loss of this trade will be at $2.50.How to buy LiquityHuobiStart Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.Buy LQTY with Huobi todayThe post Liquity price rally is gaining steam: How high can LQTY go? appeared first on CoinJournal.

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Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours.US inflation data showed CPI rose 6% in the past 12 months in February.On-chain data suggests BTC price could rally to $30,000 in the short term.Bitcoin rose sharply on Tuesday, breaking past $26,000 as the crypto market reacted positively to the latest Consumer Price Index (CPI) data by the US Department of Labor.Bitcoin breaks $26k amid market reaction to CPI dataAccording to data from TradingView, the price of Bitcoin spiked 16% to highs of $26,553 on the cryptocurrency Coinbase. MediaBitcoin price rallied above $26,000 on Tuesday. Chart courtesy of TradingView As noted yesterday, BTC price soared from lows of $20,000 to break above $24,000 – the bullish sentiment buoyed by the US government’s actions in the wake of Silicon Valley Bank’s collapse.On-chain data shared by market research platform IntoTheBlock shows Bitcoin faces minimal selling pressure to around $30,000.On-chain ownership indicators for Bitcoin are pointing to very little potential new selling pressure until we get closer to $30k $BTC.https://t.co/9Mt8pOZD34 pic.twitter.com/DoAAxdX7lF— IntoTheBlock (@intotheblock) March 14, 2023The aggregate market data from CoinGecko showed the total crypto market cap has surged by more than 14% as major altcoins like Ethereum and BNB hit highs of $1,750 and $315 respectively.Per the US Department of Labor, CPI rose 0.4% in February and 6% over the last year to align with market expectations. Notably, the data showed US inflation had increased at its slowest pace since September 2021. The core CPI, which strikes off the more volatile food and energy items, increased by 5.5% to also fall within expectations.Stocks also opened higher on Tuesday, with the S&P 500 up 1.5% as investors turned attention to the Federal Reserve and its interest rates path. Market analyst Carl Quantanilla points out this scenario.#CPI "isn't the best-case scenario, but there are enough dovish pieces that when coupled with what’s happening with banks should give Powell cover to dramatically shift the policy message on 3/22. It’s still hard to say whether they do 0 or 25bp .." @knowledge_vital— Carl Quintanilla (@carlquintanilla) March 14, 2023The Dow Jones Industrial Average had added 320 points, or 1%, while the Nasdaq Composite was up 1.7% at 9:50 am ET.The post Bitcoin hits $26K as investors react to latest CPI data appeared first on CoinJournal.

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Key TakeawaysBitcoin has surged beyond $26,000 as interest rate expectations flip Inflation reading provides further impetus as investors dream of return to lower interest environment and surging crypto pricesThere are reasons to be hesitant here, however, writes our Analyst Dan AshmoreShutdown of three crypto banks will hurt industry, while there has been nothing but bearish developments since the start of the yearThe decoupling from other risk assets is also unusual and has not been seen to the upside since 2021I don’t really make predictions because what would be the point? I’m just a boy hitting keys on a laptop, and I know better than to fool myself into thinking I know enough to predict the market. However, the speed of this <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> run-up surprises me. Not that you should put any weight at all into that – if you’re in the habit of trusting people’s words on the Internet, I suspect your bank wallet is already hurting, anyway – but let me explain what is confusing me. What is happening to Bitcoin?First, let us surmise what has happened in the last week to kick this rally off. We saw the startling collapse of Silicon Valley Bank (SVB) last week, followed by Silvergate, which sent shockwaves throughout the market. This had particular implications for crypto for a couple of reasons. The first was USDC, the second biggest stablecoin on the market. Revealed to have 8.25% of its reserves held in SVB, the market feared for the solvency of the stablecoin. Of course, this fear all settled down when the US administration stepped in to shore up the crisis and guarantee deposits would be made whole. This shored up the panic and crypto began rebounding. But that is not all that happened. The fact that the banking sector wobbled so drastically shifted market expectations surrounding the future path of interest rate hikes. With such creaking evident, the market has moved to betting that the Fed is more or less done with interest rate hikes. Fed futures currently imply a 72% chance of no hike at next week’s Fed meeting. Just last week, this was 0%, with the baseline expectation (70%) expecting a 50 bps hike.Looking further out at the long-term trajectory, the prognosis has shifted even more dramatically. There is now only a 1.6% chance of higher rates in July, compared to 100% last week, again looking at futures. There is even a 31% chance that rates will be lower in July than they are today. That is a remarkable flip. This has sent Bitcoin aggressively upward, surging beyond $26,000 as I write this, for its highest level since last June. It has also been aided by the CPI reading this afternoon, coming in at 6%, its eighth consecutive decline and the lowest metric since September 2021. Has Bitcoin risen too much?But does this make sense? While on the one hand, this is exactly what we would expect given the enormous flip in rate forecasts, I am confused as to the sheer level of the outperformance vs other risk assets. This is a divergence which we have not seen since the heyday of the bull market back in 2021. That should provide thought. Of course, Bitcoin is capable of moves that other assets can only dream of matching, so maybe it’s just doing what it likes to do. But then there is the implications arising out of losing three crypto-friendly banks – Silvergate, SVB and Signature. The environment in the US is now barren for crypto firms. Whether they can simply move abroad remains to be seen.But even if so, the fact the world’s biggest economy is pushing these crypto firms out is not a good thing for the industry at large. Is it anything to do with Bitcoin specifically? No. But the market is driven by emotion, and there is also the fact that onramping is much harder now, and Bitcoin is still tied to the crypto industry as a whole. The strict regulatory environment, with the clampdown headlined by the shutdown of BUSD last month, had already worsened significantly since the turn of the year. Throw in various bankruptcies that came post…

OKX Ventures invests in Ethereum L2 ScrollOKX says the strategic investment is meant to support Ethereum scalability.Scroll is expected to go live on the Ethereum mainnet in four months’ time.OKX Ventures, the venture arm cryptocurrency exchange OKX, has announced a strategic investment in Scroll, a zkEVM-based zkRollup platform on Ethereum.A press release OKX published on Tuesday said the investment is targeted at helping with Ethereum scalability via off-chain transactions.Scroll uses zk-Rollups to boost Ethereum scalabilityWith Scroll built to allow for native compatibility for Ethereum-based dApps and tools, the collaboration will see the team tap into zero knowledge proofs and zkRollup technology to enhance transaction speed and lower user costs.Scroll helps achieve the high throughput via off-chain computations, with only a validity proof submitted to the chain. This is what zkRollup is all about – taking transactions and bundling them into one before moving them off-chain for processing.It’s a layer-2 solution designed to ensure greater usage and interaction with the mainnet without sacrificing the underlying security mechanisms. Once it goes live on Ethereum, Scroll could be applied across token transfers and specialised applications. Implementation of general-purpose smart contracts will also help with overall adoption of the Ethereum applications.Unlike some layer-2 solutions, Scroll will not require changes to the Ethereum protocol. This is because implementation for the off-chain solution is independent of Ethereum’s layer-1 mainnet. Scroll is expected to go live on the Ethereum mainnet in four months’ time and its Alpha release is now available to all.Scroll has seen over 672,700 unique wallet addresses and recorded more than 2,916,472 transactions.The post OKX Ventures invests in Ethereum Layer 2 platform Scroll appeared first on CoinJournal.

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Moxy.io is a blockchain-powered eSports gaming platform.Gamers will compete in eSports-style gaming during the “eSports for ALL” Beta Challenge.Winners will receive rewards in cash payouts (in the USDC stablecoin), native MOXY tokens, and Moxy Collectibles.Gamers will have the chance to compete in eSports-style gaming on Moxy after the blockchain-powered eSports platform launched its “eSports for ALL” Beta Challenge.The Beta Challenge is an important milestone for Moxy since it will completely stress-test the various components of the Moxy.io platform ahead of the platform’s public launch and Token Generation Event (TGE).Participating in the Moxy Beta ChallengeTo participate, players are required to sign up, create a Moxy Club account and complete KYC. They will then receive the 1,000 MOXY testnet tokens for use in facing off with other eSports competitors.Players can also earn a bonus of 50 MOXY tokens for every referred player who subsequently completes the signup and KYC process.Competitor rewardsThe Beta Challenge comprises four stages and competitors will seek to win against others to accrue points as they progress through the stages. At the end of the fourth stage, those at the top will be rewarded in USDC stablecoin cash payouts, native MOXY tokens, and Moxy collectibles.The value of each prize is however yet to be revealed. The value will be revealed at the official launch of the Moxy platform. The total prize pool, however, contains $100,000 not including the Moxy collectibles and MOXY tokens.Moxy aims to elevate this fast-growing P2E eSports gaming industry by integrating popular games to enable players to play an eSports-enabled version of their favourite releases and earn lucrative real-money prizes.The post eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge appeared first on CoinJournal.

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Wemade and Space and Time want to use blockchain technology to power the next generation of GameFi.WEMIX CEO Shane Kim says “blockchain is the future of gaming.” The partnership targets onboarding the next wave of game developers to the blockchain gaming industry.Wemade, a leading publicly-listed South Korea-based game developer, has announced a strategic partnership with decentralised data warehousing provider Space and Time (SxT).The collaboration will allow Wemade, a company with a market capitalization of $1.4 billion, tap into SxT’s suite of developer tools to power its growing line of blockchain and gaming services. Wemade is the game studio behind the blockbuster RPG title ‘The Legend of Mir 2’.According to Wemade, Space and Time’s decentralised tools will help the company service over 20 play-to-earn (P2E) games, including global no.1 game MIR4. The partnership is set to work via Wemade’s blockchain gaming platform WEMIX PLAY.Powering next-gen GameFi developmentWEMIX PLAY is part of Wemade’s mega-ecosystem, which includes the mainnet WEMIX 3.0 for NFTs and DeFi and WEMIX coin that will power that ecosystem. WEMIX is also launching an Ethereum layer-2 that will leverage zero knowledge proof (ZKP) protocols to enhance scalability, user privacy and security.The Wemade blockchain ecosystem will also benefit massively from Space and Time products, including developer access to real-time, tamperproof analytics. Other key features are access to a serverless API gateway and low cost on-chain storage.These functionalities are key to simplified development and deployment of decentralised applications (dApps). Wemade can also utilise these features to introduce complex earning schemes in different P2E games.According to the platform, the partnership with Space and Time is targeted at collaborating towards supercharging the next phase of GameFi development. The partnership will help the blockchain gaming industry “onboard the next wave of game developers,” said Nate Holiday, the CEO & co-founder of Space and Time.According to WEMIX CEO Shane Kim, blockchain gaming offers gamers an opportunity to take greater control and ownership of their digital assets, and that collaborating with SxT is part of the overall goal of enhancing that.“As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy,” he added.The post South Korea’s Wemade partners with Space and Time to power next-generation blockchain gaming appeared first on CoinJournal.

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Binance cites “Paysafe” as it halts sterling transactions.The announcement affects less than 1.0% of its users.Binance says it’s already looking for an alternative.Binance continues to pause deposits and withdrawals in notable currencies. On Tuesday, it suspended transactions in sterling as well – about a month after it had ceased dollar transfers.Why did Binance pause sterling transfersReason cited for the halt was Paysafe – its partner for GBP transfers that paused pound transactions for new users on Monday. The service will be terminated for all users on May 22nd. According to a Paysafe spokesperson:The U.K. regulatory environment in relation to crypto is too challenging to offer this service at this time and so this is a prudent decision on our part taken in an abundance of caution.Binance will continue to work with Paysafe in Europe and Latin America, though. Paysafe is yet to make an official comment on the development.Binance is hunting for an alternative solutionBinance that currently serves over 128 million customers worldwide also confirmed today that it had already started looking for an alternative to resume sterling transactions.Binance will ensure that affected users are still able to access their GBP balances. The change affects less than 1.0% of Binance users.Remember that the Financial Conduct Authority (FCA), in June of 2021, had warned consumers that Binance did not have permission to undertake regulated activity in the United Kingdom.Binance is currently under investigation by the Justice Department for suspected violations including money laundering as well.The post Here’s why Binance is suspending sterling transfers appeared first on CoinJournal.

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Key TakeawaysEthereum has fallen against Bitcoin thus far this yearThis is unusual as the market has risen, and altcoins tend to outperform Bitcoin in bull marketsNonetheless, Bitcoin maxis represent everything that is and about the space, writes our Analyst Dan AshmoreTheir celebrations also forget the fact that Ethereum has still crushed Bitcoin over the past five yearsDespite Ethereum’s outperformance, Ashmore explains why Bitcoin remains the only crypto asset for him, despite his disdain of Bitcoin maximalismI am a <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> investor. But there are few things more toxic in the cryptocurrency space than Bitcoiners persecuting others for investing in different coins. Of course, the people who do this are only a tiny minority. Colloquially known as Bitcoin maximalists, this group are just <em>so damn loud and aggressive </em>that it makes it seem as if they are plenty in number. They’re not.Do I personally invest in cryptos beyond Bitcoin? Not really, beyond a bit of fun on the side. I’m a bit of a boomer investor and hence altcoins have never made it into my long-term portfolio. But that doesn’t mean I have to spend my nights berating people online for whatever they do with their money. It’s really strange behaviour. Ethereum the biggest target<a href="https://coinjournal.net/ethereum/">Ethereum</a>, being the second biggest cryptocurrency on the planet, is naturally the biggest target of these maxis, who typically travel in packs through the virtual world, but are rarely seen outside of the Internet in broad daylight.  And Ethereum is the reason I am crafting this piece today because Twitter, which is the always-positive kingdom in which these maxis are most commonly found, is alive with celebrations that Bitcoin is accelerating against Ethereum, with the latter falling sharply in the last few days and close to its lows this year against Bitcoin. A couple of things on this. And again, I am a Bitcoin investor so I don’t really have any reason to be biased here (or if anything, I do in the opposite direction). But sharing the 2023 chart is guilty of a little bit of cherry-picking. It is no secret that over the last few years, throughout the bull market surge of the pandemic years in 2020 and 2021, Ethereum has absolutely crushed Bitcoin. Since April 2020, it is up 2.53X against Bitcoin, to be precise. Ethereum, like most altcoins, tends to outperform Bitcoin in bull markets and underperform in bear markets. This is no secret and makes intuitive sense – it is further out on the risk spectrum and essentially trades like a levered bet on Bitcoin. Nothing mind-blowing in that. And hence it makes sense that Bitcoin lagged Ethereum during the bull market of 2020 and 2021. But look at the below chart since Bitcoin’s all-time high in November 2021 (we can use this as the marker for the top in the crypto market): it’s been quite steady, down only 3.5%, a near-negligible number in the volatile world of cryptoland. The fall of ETH vs BTC in 2023 also doesn’t really look overly dramatic with a bit of zooming out and a wider y-axis. It’s all about perspective, right? So ETH crushed BTC in the last bull market, and has more or less tracked it in the bear market. By all accounts, it is not much cause for celebration for the maxis. Why am I holding Bitcoin?It begs the question: why am I holding Bitcoin over Ethereum? Well, I believe in the asymmetric return profile of Bitcoin and I like the way it fits in with my portfolio. I am a boomer investor at heart, a lover of diversification and a big fan of the old portfolio allocation studies. Stocks are and always have been the cornerstone of my portfolio, but Bitcoin presents as a nice diversifier, alongside some other asset classes.I’m also not as bullish on Ethereum long-term. Put frankly, I am not sure I understand it fully yet. My knowledge of Bitcoin is deeper and, since I entered the space in 2017, I have been intrigued by its macro implications and how unique it is. Ethereum is more technical…

Bitcoin and other financial assets now have a Credit Suisse problem.Credit Suisse credit default swaps signal that the company could collapse.Credit Suisse stock price plunged by 20% and reached a record low.Bitcoin price came under intense pressure on Wednesday as the banking sector came under a significant strain. BTC pulled back from the year-to-date high of $26,548, to a low of $24,526. It has retreated by ~7.8% from its highest point this week.Credit Suisse crisis deepensBitcoin price has been in a strong bullish trend in the past few days as investors reacted to the ongoing performance in the banking sector. After falling to a low of $19,500 last week, the coin made a spectacular recovery as it jumped to a high of $26,548. This rally happened after America’s regulators decided to bailout key banks like Silicon Valley Bank (SVB) and Signature Bank. They decided to provide a backstop for their depositors, many of whom were companies in the crypto industry, as we wrote here.The most important part of the bailout was the fact that it saved USD Coin, the second-biggest stablecoin in the world. Circle, the parent company of USDC, had over $3.3 billion deposited in the company. If it had failed, the ripple effect on the crypto industry would have been dire.Now, it seems like we have another bank crisis. Credit Suisse stock price plunged by more than 20% after the company lost confidence of another key investor. Earlier this month, the company’s biggest shareholder, Harris Associates, decided to sell its entire stake. And on Wednesday, Saudi National Bank said that it will not provide more finance to the company. Therefore, there are significant risks that the company will fall. Indeed, its credit default swaps have risen, signaling that investors expect the bank to fall.A collapse of Credit Suisse would have some positives for Bitcoin prices. For one, it will lead to a pause in interest rate hikes by the Fed and other central banks.Bitcoin price forecastMediaThe BTC/USD price soared to a high of 26,548 on Tuesday and then pulled back to a low of 24,102. As it dropped, BTC moved below the key support level at 25,275, the highest point in February. On a positive note, the pair’s 50-day and 100-day moving averages have formed a bullish crossover. The coin has also formed what looks like a small head and shoulders pattern. Therefore, I suspect that it will continue falling in the next key support at $23,000. A move above the key resistance point at 25,275 will invalidate the bearish view.How to buy BitcoineToroeToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.Buy BTC with eToro today Disclaimer PublicPublic is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.Buy BTC with Public today Disclaimer The post Bitcoin price recovery at risk amid new Credit Suisse crisis appeared first on CoinJournal.

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Key takeaways;The US Government wants to halt the $1 billion deal between Binance.US and Voyager Digital.The government said the deal should be on hold while key legal objections are ironed out.Binance looks prime to acquire Voyager Digital’s assets after FTX’s collapse in November.Government seeks to halt the Voyager-Binance.US dealThe United States government revealed in a filing on Tuesday that it wants the $1 billion deal offered by Binance.US to buy assets of bankrupt crypto lender Voyager to be put on hold until key legal objections are ironed out. This latest cryptocurrency news comes after an appeal by the U.S. Trustee, a branch of the Department of Justice responsible for bankruptcy cases. The US Trustee has concerns that the deal would ensure that Voyager and its staff would not be held responsible for breaches of tax or securities law.The filing by U.S. Attorney Damian Williams said;“The Court cannot tell the Government to speak now or forever hold its peace before Voyager and Binance.US wed. Nothing in the Bankruptcy Code permits courts to exculpate parties from liability to the Government for past and future conduct.”According to Williams, the approval of the deal should be paused, or at least the parts which limit the US Government’s ability to enforce the law, until appeals are properly addressed in higher courts. Binance.US looks set to complete Voyager Digital’s acquisitionThe appeal comes a week after New York bankruptcy judge Michael Wiles approved the deal. The judge showed considerable skepticism of arguments from the Securities and Exchange Commission, which argued that Voyager’s VGX token might be an unregistered security.Last month, Voyager Digital sold some of its assets through the US-based cryptocurrency exchange Coinbase.The company received roughly $100 million in the USD Coin (USDC) stablecoin for sales of several tokens, including Shiba Inu, Ethereum and the native Voyager Token.Binance.US took the prime position to acquire Voyager Digital’s assets after the collapse of FTX. FTX previously agreed to acquire Voyager Digital before the collapse of the cryptocurrency exchange.The post The US Government wants the Voyager-Binance deal to be halted appeared first on CoinJournal.

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Wilmington, Delaware, 15th March, 2023, ChainwireNFTonPulse.io has announced the launch of its innovative NFT marketplace, designed to be the ultimate destination for NFT enthusiasts, artists, and collectors.After more than 15 months of development, NFTonPulse is ready to go live. The marketplace, now in beta on the Goerli Ethereum testnet, will soon launch on the PulseChain network, putting creators and collectors at the forefront of the ever-growing NFT ecosystem.NFTonPulse’s launch on PulseChain will enable lightning-fast transactions, easy NFT creation, and a simplified platform that makes it easy for everyone to participate in the NFT market. By saying goodbye to gas fees and introducing lazy minting, NFTonPulse lets creators create gas-free NFTs and set their own royalty percentages. At the same time, collectors can easily build their NFT collections.To celebrate the launch of NFTonPulse, HowToPulse is offering an airdrop of their HTP token to early adopters of the platform. The launch of NFTonPulse is a fantastic opportunity for NFT enthusiasts, artists, and collectors to experience the future of NFTs and potentially receive HTP.NFTonPulse makes it easier than ever to create and list NFTs in seconds. Low minting fees mean creators can generate more income from their NFTs. The marketplace was designed to benefit both creators and collectors, with the fees from NFT creation going into the HTP staking pool.The fees generated by NFT sales on NFTonPulse go into the HTP Staking Pool, and creators can earn 100% of the marketplace fees by staking their HTP tokens in the staking pool. The HTP token will serve as a utility token on platforms and dapps built on PulseChain, carrying forward their vision of “more accessible decentralized dapps with beliefs of financial freedom and the right to ownership.”Since launching in 2021, HowToPulse has attracted 250,000 visitors. The core team has been working tirelessly to develop dapps for the future of Web3. As a result, the community has seen tremendous growth, with 15,000 members on social media. This drive and knowledge led to the creation of NFTonPulse.As NFTonPulse grows, more and more creators will be able to profit from their art. The team is grateful for the support it has received so far and is excited to see what the future holds for the community with the launch of NFTonPulse.For more information about NFTonPulse, visit: https://nftonpulse.io/Join NFTonPulse on Twitter, Telegram, and Youtube to stay up to date on their announcements.About NFTonPulseThe HowToPulse team is dedicated to revolutionizing the NFT industry and providing best-in-class tools and services to help NFT enthusiasts, artists, and collectors succeed in the NFT ecosystem. With NFTonPulse, HowToPulse is leading the charge for NFT innovation and is excited to see what the future holds.ContactMichael Francis, info@nftonpulse.ioThe post HowToPulse.com Launches NFTonPulse.io, a Brand New NFT Marketplace appeared first on CoinJournal.

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Cathie Wood says crypto had “nothing to do” with SVB and Signature Bank collapses.Rather, it’s Fed policy that “caught many regional banks offside.”According to her, the banks suffered as a result of assets/liability mismatch.Cathie Wood, the founder and CEO of ARK Invest, says <a href="https://coinjournal.net/cryptocurrencies/">crypto</a> isn’t responsible for the failed Silicon Valley Bank (SVB) and Signature Bank, which was <a href="https://coinjournal.net/news/new-york-banking-authorities-shut-down-crypto-friendly-signature-bank/">shut down</a> by US authorities last Sunday.Rather, she contends that the bankruptcies of Silicon Valley Bank and Signature Bank were a result of the Federal Reserve’s policy. She believes that the lack of venture capital funding and higher yields on money market funds led to a reduction in deposits in the US banking system, contributing to the banks’ financial troubles.Wood: the Fed caught many regional banks offsideAccording to the highly respected asset manager and investor, the banks’ struggles are not due to crypto but down to regulatory and systemic issues, with many banks caught unawares after the surplus money flows of the COVID-19 era.“<em>Crypto had nothing to do with the banks’ investment decisions, nor the Fed’s decision to jack up interest rates 19-fold in less than a year. Incorrectly assuming that it was fighting a seventies-style inflation, the Fed caught many regional banks off sides with unrealized losses</em>,” she argued.In a <a href="https://twitter.com/CathieDWood/status/1636178306209923072">Twitter thread</a> posted on 16 March, the ARK Invest executive noted that despite the yield curve inverting in July 2022, and with credit default swaps “<em>flashing red</em>”, the Fed maintained its upward rates trajectory. In her view, the Fed failed to take note of unwinding inflation indicators, including commodity prices. “<em>I am baffled that banks and regulators could not convince the Fed that disaster loomed. Did they not understand that the asset/liability mismatch – normal in most circumstances for banks – was untenable as deposits left the banking system for the first time since the 1930s?</em>,” the ARK Invest CIO added.The asset/liability duration mismatch – securities earning only 1-2% vs. deposits paying 3-5% – became untenable as deposits started leaving the system. Like SVB, some banks were forced to sell HTM securities, recognizing losses that depleted their equity accounts.— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1636178312841003008?ref_src=twsrc%5Etfw">March 16, 2023</a>Commenting on what happened last week, with the government shutting Signature Bank after SVB’s collapse, Wood says that all this is just about regulators trying to scapegoat crypto. In her opinion, cryptocurrency is “<em>the solution to central points of failure, opacity, and the regulatory mistakes</em>.”Wood’s comments came as House Republican Whip Rep. Tom Emmer, said he had written to FDIC Chairman Martin Gruenberg about reports the agency was “weaponizing” the instability witnessed in the banking sector to purge cryptocurrency activity from the United States. If you are correct, Congressman, then the FDIC and others will prevent the US from participating in the most important phase of the internet revolution. Like you, I believe regulators are using crypto as a scapegoat for their own lapses in oversight of traditional banking. <a href="https://t.co/UDh3bwB2pB">https://t.co/UDh3bwB2pB</a>— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1636178266510721024?ref_src=twsrc%5Etfw">March 16, 2023</a>Wood believes this scapegoating could see the US miss out on what is likely the most important innovation so far.The ARK Invest CEO also commented on the overall market performance of cryptocurrencies amid the banking sector fallout. According to her, crypto acted more like safe haven assets as bank stocks tanked.As highlighted <a href="https://coinjournal.net/news/bitcoin-hits-26k-as-investors…

BitDAO’s BIT price was little changed on Thursday after the developers unveiled a new proposal for adjusting Bybit’s contributions to its treasury. The goal of this proposal will be to improve the token’s tokenomics and lead to more decentralization. BitDAO proposes new Bybit contribution mechanismIn a statement, BitDAO, one of the biggest decentralized autonomous organizations (DAO), said that a core contributor had submitted a key proposal that will change its tokenomics. The proposal primarily targets the contributions made to Bybit, one of the biggest cryptocurrency companies in the industry. The main part for the new adjustment will be to modify the Bybit contributions from a dynamic exchange-linked amount to a fixed scheduled amount for over 4 years. The schedule will start at 120 million BIT per month. To boost its tokenomics, the amount will halve every year. Further, the new changes will help to retain Bybit’s contributions in the community instead of burning them. Burning is a process of removing tokens from circulation by locking them in an unopenable or inaccessible account. Why this upgrade mattersThe upgrade will have numerous outcomes. For one, it will help to increase the stability and predictability of BIT’s tokenomics. This will happen by having a clean schedule of Bybit’s activities going forward. Further, it will lead to more decentralization of BIT’ holdings and overall governance. Most importantlt, it will reduce the number of BIT in circulation from about 6 billion to 3.3 billion in the next few years. Reduced supply of tokens tends to have a positive impact on a crypto token’s price. At the same time, BitDAO will have a 1.8x boost for its economics and voting power.Bybit is an important part of BitDAO’s community. Over the years, it has contributed over $600 million USDT/USDC and 177k Ethereum to BitDAO Treasury. The statement said:“BitDAO will continue to partner with Bybit in terms of product ideation, bootstrapping product development, BIT integration, and product distribution.”The post BIT price flat as BitDAO seeks to change Bybit’s contributions to treasury appeared first on CoinJournal.

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ETHUSD soared to a new high for the year The move was not related to the US dollar$2,000 is a pivotal level for the pairLess than one week before the Federal Reserve (Fed) meeting, the cryptocurrency market reached new highs for the year. ETH/USD, for instance, just made a new high, trading close to $1,800.It was not because of a soft dollar. Just the contrary, the dollar has been bought across the FX dashboard while the leading cryptocurrencies made a new high for the year. Therefore, investors might find the current levels too depressed and think it is worth investing in.What does the technical picture show for Ethereum now that it has made a new high for the year?MediaETHUSD chart by TradingViewBullish triangle’s measured move points to more upsideETH/USD consolidated in a contracting triangle during the second half of last year. The triangle formed at the bottom of a bearish trend, and when 2023 started, the market broke above its upper trendlineTherefore, the pattern acted as a reversal.Such a triangle has a measure move given by the length of its longest segment. The second segment is the longest, as the triangle is irregular (i.e., the second segment is longer than the first one).It means that if we project the length of it from the end of the triangular pattern, we can find the measured move around $2,200. Moreover, it means that the market should move above the pivotal $2,000 level.On the flip side, the bullish scenario would be invalidated should Ethereum reverses and moves below $1,200.It would be curious if the market would remain uncorrelated with the US dollar. That should concern crypto traders, given that the Fed March meeting is due next week.The post ETH/USD price forecast after reaching a new 2023 high appeared first on CoinJournal.

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Blur is currently the king of NFT marketplaces after it dislodged OpenSea from the top position.Several fake websites have come up after the Blur NFT marketplace announced its airdrop program.The fake websites have so far scammed users about $300,000.TrustCheck, a free, zero-click browser extension that scans Ethereum-based web3 transactions for threats, and stops them in their tracks, has revealed that unsuspecting users have been scammed over $300,000 by fake websites posing as Blur airdrop websites.The scammed users have linked their crypto wallets to malicious wallets. One of the malicious website URLs is said to have faked the ETH Denver conference website and is linked to a notorious phishing wallet address that has stolen over $300,000 to date.Blur AirdropThe real Blur NFT marketplace platform is a newcomer in the NFT marketplace industry and has made headlines by surging to the top position after unseating the OpenSea NFT marketplace and forcing it to implement limited-time 0% fees. Blur has had a boom in user numbers and trading volume buoyed by the platform’s three-phase BLUR token airdrop incentive scheme.Blur conducted its first airdrop awarding BLUR tokens to anyone who traded NFT on Ethereum for the six months leading to the launch of the Blur platform in October 2022. The second airdrop awarded BLUR tokens to traders who listed NFTs on the platform before December 6. The third airdrop which is currently ongoing seeks to award BLUR tokens to users depending on their activity on the platform.From February 15, 2023, Blur started distributing 10% of its total BLUR token supply to users via Airdrops based on their trading activity.BLUR airdrop scamsThe airdrop program has led to a surge in the demand for BLUR tokens something that scammers have taken advantage of by promoting fake BLUR airdrop links that lead to malicious websites.Data shared by TrustCheck show that 24 malicious websites have been involved in the scamming scheme and some of the websites are still functional. NFT users are warned to be careful when connecting wallets to websites especially if it’s a case of the BLUR airdrop.The post Fake Blur airdrop websites steal $300k from unsuspecting users appeared first on CoinJournal.

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Tel Aviv, Israel, 16th March, 2023, ChainwireLeading blockchain marketing agency MarketAcross has joined the upcoming Next Block Expo (NBX) as a web3 media partner. Now in its second year, the 2023 edition of the expo will welcome thousands of attendees to the Multikino Złote Tarasy venue in the Polish capital of Warsaw on the 24th and 25th of May.The strategic partnership will see MarketAcross, one of the industry’s most active blockchain PR and marketing companies, manage pre and post-event marketing efforts on behalf of the event, as well as leverage its extensive network to boost the expo’s global visibility.“MarketAcross sees Europe as one of the most interesting markets in the expanding web3 space, and we’re thrilled to continue supporting Next Block Expo and the European builder economy,” said Itai Elizur, the Managing Partner of MarketAcross. “I’m sure this year’s event will be bigger and better than the last.”Next Block Expo is an extension of a previous event series known as the Cryptocurrency World Expo, and this year’s edition will feature over 70 speakers and more than 30 sponsors, exhibitions and partners. A crowd of 2,000+ attendees is expected to witness events over the two-day expo.The schedule features a variety of presentations, keynotes, roundtables and workshops, giving startups, thought leaders and web3 investors the opportunity to discuss current challenges and emerging opportunities.As well as opportunities for in-person networking, the NBX will furnish attendees with access to a smart-networking app where they can locate contacts they need based on a match-making algorithm and schedule one-to-one meetings with other participants. The app can also be used to create a personal agenda for the conference.Elsewhere, the new NBX Pitch Arena will give web3 projects the opportunity to present their ideas and solutions to a group of specialists including VCs, accelerators, incubators and launchpads. An award ceremony will be held to honor the best projects to pitch.Last year’s expo featured representatives from the Ethereum Foundation, Polygon, Delphi Digital, Huobi and Solana, with details on this year’s speakers expected to be announced soon.About  MarketAcrossMarketAcross is the world’s leading blockchain PR and marketing firm, providing a complete end-to-end marketing solution for blockchain and web3 companies around the world. MarketAcross has helped many of the industry’s biggest exchanges and blockchain projects build their brand, among them Polkadot, Solana, Binance, Polygon, Crypto.com, Huobi, and eToro.About Next Block ExpoNext Block Expo is positioned to be one of the biggest web3 events in Europe – content rich event with multiple opportunities for networking, fundraising, lead generation & learning.NBX brings founders, investors and blockchain experts together to redefine & discover the future of web3.ContactItai Elizur, MarketAcross, itai@marketacross.comThe post Leading Blockchain PR Firm MarketAcross Named Partner of 2023 Next Block Expo appeared first on CoinJournal.

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2023 is the year predicted to be the crypto market’s comeback, with prices in the early part of the year finally beginning to rebound after the torrid time markets faced in 2022. Cryptocurrency price predictions for this year and the coming years are turning bullish, while trading signals platforms like AltSignals are reporting a vast increase in traffic as investors begin to re-open their wallets ahead of expected price increases.An example of this behavior can be found in Polygon’s price prediction, which shows a return to bullish prospects after a year of struggle. This has led to investors asking how high the MATIC token can go in 2023 and what this means for AltSignals’ new ASI token.ASI is launching during a market recoveryBitcoin (BTC) has begun 2023 in a blaze of glory, finally returning to levels over $20,000. As history has shown, where BTC leads, other currencies follow, proving to be the case again in 2023. These gains are symptomatic of a more comprehensive market recovery, which could be seen when the price of MATIC increased by more than 70% at the start of the year.<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_priceprediction&utm_content=as_members_launch&utm_id=29">AltSignals</a> is already well-established as a market leader in crypto trading signals, boasting a community of more than 50,000 members. It has recently announced the release of a new native ASI token in a presale event that launched in March of 2023. $ASI already has significant built-in utility, which will grow with the release of its new ActualizeAI algorithm and will likely lead to high potential returns for early investors.What is Polygon?Polygon is a DeFi project designed to improve the scalability issues of Ethereum by allowing developers scope to build user-friendly, decentralized applications (dApps) and efficiently scale them to their needs. Benefits to users alongside the ease of scalability are extremely low transaction fees and excellent levels of security.Polygon’s network takes the best features of Ethereum’s blockchain and combines them with other chains to create fully-fledged multi-chain systems. This combination of features ensures that dApps fully benefit from the best parts of Ethereum’s network while providing a fast, more powerful engine for developers to utilize.Polygon (MATIC) price prediction: $2 in 2023?Analysts have been revising their Polygon price prediction upwards for 2023 following the bullish start to the year experienced across crypto markets. This manifests itself in an optimistic cryptocurrency price prediction for MATIC this year.The MATIC token is currently valued at $1.02 and the most bullish analysts aren’t ruling out a return to above $2 levels by the end of the year. However, other Polygon price predictions are more moderate, expecting a value of around $1.80 to $1.85 by the end of 2023.What is AltSignals?Already one of the largest crypto trading communities in Web3, AltSignals consistently provides its vast global community with access to the most sought-after trading signals, a feature that will be turbocharged with its new ActualizeAI capability, which uses machine learning to provide the best trading alpha. Its innovative <a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_priceprediction&utm_content=as_members_launch&utm_id=29">AltAlgo™ Indicator tool</a> is critical in producing this trading alpha, continuously scanning markets in real-time to provide intel on the optimum time to buy and sell currencies.With its intelligence capability covering all major crypto coins, including BTC, Litecoin (LTC), and Ethereum, AltAlgo™ is already a trusted provider of market indications. Backtesting of the tool boasted an outstanding 83.56% success rate on BTC trades and an excellent success rate of 70.09% on ETH trading. These results, alongside a 4.9/5 rating on Trustpilot thanks to almost 500 positive reviews, illustrate why many…

AllianceBlock builds seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure.ABO Digital is the private digital asset investment arm of Alpha Blue Ocean.The two companies have partnered to offer alternative financing for crypto projects.AllianceBlock has partnered with ABO Digital to offer tokenized structured products for institutions and crypto projects looking for alternative forms of financing. The partnership is another milestone for AllianceBlock in its quest to build seamless gateways between Traditional Finance (TradFi) and Decentralized Finance (DeFi).AllianceBlock will leverage ABO Digital’s decentralized and trustless blockchain infrastructure together with the Nexera Protocol to tokenize financial instruments.Commenting about partnership, Rachid Ajaja, the CEO of AllianceBlock said:“Through this strategic partnership, AllianceBlock is set to revolutionize the industry by leveraging its infrastructure to tokenise traditional financial instruments and new instruments for the digital asset space, taking a giant leap forward in providing institutions with a more compliant and risk-averse way to take advantage of DeFi’s benefits. This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management. The future of finance is looking brighter than ever.”  AllianceBlock and ABO Digital’s structured productsABO Digital offers a variety of structured financial products including convertible bonds, debt issuance, and warrants/options, providing the capital startups need to grow their customer and revenue base. It is also exploring the provision of alternative financial investments to institutions through tokenization.The AllianceBlock and ABO Digital’s structured products will provide crypto projects with alternative funding options like issuing tokens to market makers or venture capitalists via a Simple Agreement for Future Tokens (SAFT), to access additional liquidity from institutional capital providers with full compliance.How the structured financial products workUnder the agreement, ABO Digital will negotiate and structure financial instruments depending on a project’s capital and liquidity requirements. AllianceBlock in collaboration with Nexera Protocol’s infrastructure and NexeraID’s identity will tokenize structured financial instruments and convert them into Actively Managed Certificates (AMCs) with full compliance for capital providers that do not want to hold digital assets.Funds from capital providers will be locked into smart contracts and disbursed to projects only after the minimum funding threshold has been raised. The capital providers will receive a traditional AMC, with AllianceBlock managing the assets by holding the convertible bonds, debt or warrants.ABO Digital will receive a structuring fee based on the amount raised, with AllianceBlock taking the majority of fees for managing the AMC or directly through the tokenized asset.The post AllianceBlock partners with ABO Digital for structured crypto projects financing appeared first on CoinJournal.

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Key TakeawaysBitcoin’s recent surge has drawn surprise as banking sector has pulled stock market downDeclaring this a break in the correlation trend is a mistake, writes our Data Analyst Dan Ashmore, who says Bitcoin remains risk-onBoth the stock market and Bitcoin continue to trade off interest rate expectations, aside from isolated episodes of systemic risk to Bitcoin, the numbers showRecent week shows a slightly softer relationship than normal, amounting to a less dramatic a less dramatic version of the price action around the FTX and Celsius collapses in 2022Normal correlation bound to be resumed soon, our data showsOne of the dominant storylines over the last year or two so has been the incredibly tight relationship between <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> and the stock market. We will get into the numbers shortly, but the mantra is that when the stock market jumps, Bitcoin jumps more. When the stock market falls, Bitcoin falls more. That is the bottom line. But is it true still true?Some market participants are starting to think that this relationship is shifting, especially given events of the past week. The word <em>“uncorrelated” </em>is thrown around a lot in markets, and now some are saying Bitcoin is making progress towards that status. I’m not so sure that is correct. Correlation has been high since 2022 started Let us first look back over the price action from the start of 2022, which more or less marked the stock market peak. I’ll get deeper in the next section, but the best way to kick off an assessment of correlation is by the old-fashioned eye test. Let’s begin by charting Bitcoin’s returns against the Nasdaq since the start of 2022:It is immediately clear that there is a strong pattern here. Before looking at correlation coefficients, by looking at the respective price action we can see that the assets have been in lockstep aside from two (visually notable) periods. The first is August 2022, when Bitcoin lagged behind the Nasdaq’s gains. It still gained, but it was outperformed by the Nasdaq – uncommon for periods of expansion. This was shortly after the contagion crisis sparked by Celsius (it filed for bankruptcy in mid-July). The second period of divergence that jumps out is a much more noticeable one – November 2022. As the Nasdaq surged off softer inflation readings and optimism on interest rate policy, Bitcoin fell. Not only that, but it fell dramatically, down from $20,000 to $15,000. Of course, this was thanks to Sam Bankman-Fried and the <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">FTX collapse</a>, a bearish shock specific to crypto, much like Celsius was. Let’s now graph the correlation itself. I won’t get too deep on the math, but I have used the 60-Day Pearson indicator and rolled it back to the start of 2022.  The results more or less back up what we discussed above. For the uninitiated, a correlation of 1 means a perfect relationship (the word count of this article and the number of words I have written this month, for example) while a correlation of 0 means no relationship (such as my word count per month and the number of T-Rexs spotted in New York City). Celsius and FTX collapses are clear below, while the other dip occurs around the time of LUNA (the stock market also fell around this time as we transitioned to high interest rate policy).<a href="https://media.igms.io/2023/02/16/1678980336249-58f34aa3-760a-44b7-8ea5-f07e1397bb6b.png">Media</a>Correlation can be misleadingThis shows correlation, but not necessarily causation. My old maths teacher had a great way of explaining this difference. Shark bites and ice cream purchases may be correlated, but nobody would argue that digging into Ben and Jerries makes you more likely to be hunted by a great white shark.Instead, there is a <em>lurking variable. </em>In this case, on sunnier days, people are more likely to both swim at the beach and buy ice cream, and it is the swimming rather than the ice cream that makes a shark bite more likely.…

A judge at the New York bankruptcy court denied the Department of Justice’s request on Wednesday.The DOJ wanted the court to stop Binance.US from completing its $1 billion deal for Voyager.Judge Michael E. Wiles said pausing the deal pending government appeal would only hurt Voyager clients.Binance.US, the US-regulated subsidiary of the world’s largest cryptocurrency exchange by trading volume Binance, should go ahead to complete its $1 billion acquisition of Voyager Digital, a bankruptcy judge has ruled.In a court ruling on Wednesday, Michael E. Wiles, United States Bankruptcy Judge at the Southern District of New York court, denied the US government’s request to halt Binance.US’ bid for Voyager, citing the impact this is having on customers of the bankrupt crypto lender.Judge rules Binance.US-Voyager deal to go aheadThe US Department of Justice appealed Judge Wiles’ ruling that allowed Voyager to sell its assets to Binance.US, a decision the bankruptcy judge gave on 9 March this year. In its appeal via the US Trustee’s Office, the DOJ wanted the acquisition halted until a number of legal objections were settled.According to the government, allowing the process to continue as determined by the court could see Voyager and its staff likely absolved of tax or securities laws violations.But in his ruling, Judge Wiles noted that the $1 billion deal that he approved last week does not include such exemptions. He added that halting the process will only hurt Voyager customers even further, with people having waited for an opportunity to access their crypto assets since the company stopped withdrawals in July last 2022.BNB price jumps 6% after the newsBinance.US was approved to acquire Voyager for $1 billion in December 2022, as CoinJournal reported. The deal appeared to be hitting the rocks before the bankruptcy court allowed it to proceed. Now, following the latest ruling, an agreement between Voyager and Binance has the deal set for execution on 20 March, having originally been slated for 15 March.The reaction to the news from the Binance community saw the price of the native BNB token jump 6% to $328 as of 11:00 am ET on Thursday. The Voyager VGX token, which rallied following last week’s court ruling, was also up today, trading 9% higher at $0.344700.The post Binance.US acquisition of Voyager to proceed, bankruptcy judge rules appeared first on CoinJournal.

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Staked ETH withdrawals are being processed on Ethereum Goerli Testnet ahead of the Shanghai upgrade.Coinbase has said it expects demand for ETH unstaking to surge after the Shanghai upgrade.The exchange has however said the ETH unstaking requests might take weeks or months to process.Ethereum developers have set a target date of April 12, 2023, for the long-awaited Shanghai upgrade during the “All Core Developers Execution Layer #157 call” held on Thursday. Staked ETH withdrawals have already started being processed on Ethereum Goerli Testnet ahead of the Shanghai upgrade.The upcoming Shanghan upgrade has caused a lot of anticipation among ETH stakers who have had their ETH tokens locked up since Ethereum announced plans for the Merge upgrade that moved it from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) blockchain. For this reason, Coinbase expects the ETH unstaking demand to be through the roof once the Shanghai upgrade goes live.Unstaking requests to take weeks or monthsCoinbase has stated that the ETH unstaking requests on its platform could end up taking weeks or months to process. This is mainly because Coinbase will not be the one processing the unstaking process. Staking requests are processed on-chain, and Coinbase will only act as a channel to pass unstaked ETH to users once the tokens are released by the protocol.7/ We anticipate that demand for unstaking will be high soon after the upgrade and it may take the protocol weeks to months process unstaking requests.— Coinbase (@coinbase) March 15, 2023The Merge upgrade allowed staking providers like Coinbase to allow users to stake ETH on their platforms without the ability to withdraw the staked tokens.After April 12, those who have staked ETH on platforms like Coinbase will be able to withdraw the staked Ether while also continuing to stake more ETH without being subjected to an indefinite lockup period.All Coinbase users will be able to unstake their ETH once the Shanghai upgrade goes live.The post Coinbase says ETH unstaking requests may take weeks or months to process appeared first on CoinJournal.

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