Key takeawaysNASDAQ said custody is the first step in its digital asset push.The stock exchange operator plans to launch its crypto custody service before the end of next quarter.More traditional financial institutions are making a push into the cryptocurrency space.NASDAQ’s crypto custody service will launch next quarterNasdaq Inc. is planning to launch its custody services for digital assets by the end of the second quarter of 2022. This latest development is according to a report by Bloomberg on Friday.The stock exchange market operator joins a host of other traditional financial firms that are making their way into the cryptocurrency space. According to the report, NASDAQ is pushing ahead to get the necessary technical infrastructure and regulatory approvals in place.Ira Auerbach, senior vice president and head of Nasdaq Digital Assets, revealed this during an interview in Paris. The NASDAQ exec added that the firm has applied to the New York Department of Financial Services for a limited-purpose trust company charter, a licence that would allow it to oversee the business. This latest cryptocurrency news comes after the firm revealed its intention to enter the crypto space. In September 2022, NASDAQ announced that it would offer custody services for Bitcoin (BTC) and Ether (ETH) to institutional investors.The firm went ahead to hire Ira Auerbach, a former Gemini employee, to head the new Nasdaq Digital Assets unitMore financial institutions could enter the crypto market soonThe recent collapse of Silvergate and Signature banks has left a space in the cryptocurrency space, and experts believe more traditional financial companies, such as NASDAQ, could enter to fill the gap. NASDAQ’s entry into the cryptocurrency space could prove a positive signal for mainstream cryptocurrency adoption, a situation that could help attract more companies to the market. The post NASDAQ to launch its crypto custody services by the end of Q2: Bloomberg appeared first on CoinJournal.

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Aptos Labs has partnered with NBCUniversal’s Universal Pictures to release a Web3 game for the Dracula movie Renfield.Players stand a chance to win several prizes, including digital collectibles.Renfield will be released in theaters on 14 April 2023.Layer 1 blockchain platform Aptos has announced a new Web3 game based on the “Renfield”, a horror-comedy starring Nicholas Cage and Nicholas Hoult.The Hollywood venture for Aptos comes as part of a collaboration with NBCUniversal, the parent company of Universal Pictures, the Aptos Labs team revealed on Friday.Aptos goes to Hollywood 😎We're bringing movies to the Web3 era with FREE RENFIELD The Game, based on the horror-comedy Renfield!🧛🎮 We joined forces with @NBCUniversal to pull fans deeper into Dracula’s universe.Cinema magic meets Web3 innovation – brought to life by… pic.twitter.com/74M4rEhmSQ— Aptos (@Aptos_Network) March 24, 2023Renfield the Web3 game is on AptosRenfield is a vampire-themed movie that has Nicholas Cage starring as the centuries-long Count Dracula, and Aptos’ game offers players a chance for an immersive experience into the vampire’s universe, with a chance to win various prizes.“NBCUniversal chose Aptos to bring FREE RENFIELD to life with digital collectibles, so fans can savor every last drop of the Renfield universe,” the Aptos team tweeted.Among the prizes on offer with the free Renfield game are movie-inspired digital collectibles, custom Dracula inspired-jewelry, 24 carat gold bug jewelry, vintage Dracula film posters and a rare 1967 Dracula horror-themed pinball machine.According to Aptos Labs, the game is currently open to residents in 50 states in the United States, including the District of Columbia. Only legal residents aged 18 or older are allowed. Renfield will be in theaters on 14 April 2023.It’s the real f*cking Dracula and he’s one sucky boss🧛🏼‍♂️! Watch the new trailer for #RenfieldMovie, only in theaters April 14th. Get your tickets today: https://t.co/g9Sw3BlHBf pic.twitter.com/d0OsauyFtd— Universal Pictures (@UniversalPics) March 22, 2023Aptos Labs has over the past several months grown to be one of the biggest platforms for Web3 gaming developers.In February this year, they debuted a new Software Development Kit (SDK) offering game developers tools that enhance interoperability and transparency in the gaming ecosystem. This followed its partnership with NPIXEL, a leading South Korea-based game developer, in November 2022.The platform also has partnerships with digital payments provider MoonPay and Google Cloud.The post Aptos Labs and Universal Pictures release Web3 game of vampire movie ‘Renfield’ appeared first on CoinJournal.

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Wood says Hindenburg’s recent short report on Block was ‘wildly misleading’.She bought more than 600,000 shares of the crypto company late last week.Block shares are down well over 30% versus their year-to-date high at writing.Block Inc (NYSE: SQ) was hit hard last week after Hindenburg Research revealed a short position in the crypto company – a sell-off that Cathie Wood saw as an opportunity to expand her exposure to this stock.How many Block shares did she buy?On Thursday, the influential investor mobilized three of her exchange-traded funds to load up on 338,000 shares of Block Inc.She grilled the short seller for “wildly misleading” investors as she shared a Twitter thread from an Ark associate Maximilian Friedrich that reads:All financial services companies, including banks, encounter and combat fraud, especially during COVID – Square and Cash App are no exception, although the short report makes it sound like it.Ark spent $16 million to purchase another 263,562 of Block shares that are now down well over 30% versus their year-to-date high.Wall Street is bullish on Block sharesWall Street appears to be siding with Cathie Wood as well. The consensus overweight rating on Block shares suggests analysts view Hindenburg’s concerns broadly as overblown. Ark’s Maximilian Friedrich also noted in his Twitter thread:While Cash App likely was used for fraud during COVID, ironically, in this example, Cash App’s spending limits might have prevented the criminal to cash out even more of the funds.Wood also increased her stake in Coinbase late last week after the crypto exchange confirmed that it received a Wells notice from the U.S. Securities and Exchange Commission for potentially violating securities laws.At writing, Coinbase stock is down 20% versus its high at writing.The post Cathie Wood grills Hindenburg for ‘wildly misleading’ investors and buys Block shares appeared first on CoinJournal.

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Toronto, Canada, 27th March, 2023, Chainwire​​<a href="https://www.xcmg.com/en-ap/">XCMG Construction Machinery</a> Co., Ltd. (000425.SZ), the world’s third largest construction machinery manufacturers, announced a partnership with <a href="https://confluxnetwork.org/">Conflux</a>, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company. The partnership aims to leverage blockchain and Web3 technologies to explore more international use cases.The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will leverage the strengths of all three companies to explore new scenarios for the application of blockchain and Web3 technology in the global market. By combining XCMG’s extensive global network with Conflux’s cutting-edge technology and Zen Spark’s fintech expertise, the three companies aim to develop new use cases for blockchain and explore the potential of Web3.XCMG currently ranks third place in the world’s top 50 construction equipment manufacturers, according to KHL Group’s Yellow Table 2022 ranking. In the first half of 2022, despite obstacles, XCMG expanded to overseas markets and achieved export revenue of RMB 12.488 billion ($1.83 Billion), a year-on-year increase of 157.28%. As a world leader in the construction machinery industry, XCMG’s vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment.“We are excited to partner with Conflux and Zen Spark to explore new opportunities in global markets,” said XCMG’s Vice President of Machinery and General Manager of Import and Export Company, Liu Jiansen. The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd is a significant milestone in the development of blockchain technology and its application in traditional industries. As the world becomes increasingly interconnected, the ability to leverage blockchain and Web3 technology to drive innovation and explore new business models is more important than ever.“We are thrilled to partner with XCMG and Zen Spark to explore new opportunities in the global market,” said Fan Long, Founder of Conflux. “With our cutting-edge blockchain technology, and the expertise of Zen Spark in fintech and blockchain, we are well-positioned to create new solutions and explore new use cases for blockchain and Web3 technology. This partnership is a testament to our shared commitment to innovation and our belief in the potential of blockchain to transform traditional industries.”“Zen Spark is excited to be partnering with XCMG and Conflux on this initiative, and we are confident that our fintech and blockchain expertise will complement the strengths of our partners,” said Grace, CEO of Zen Spark Technology Pte Ltd. “We look forward to exploring new opportunities in the global market and contributing to the development of innovative solutions that benefit businesses and consumers alike.”At the CONEXPO-CON/AGG trade show in Las Vegas, XCMG announced their entry into Web3 by revealing Bored Ape Yacht Club NFT #3489 (BAYC #3489) as the brand’s Metaverse Ambassador. Additionally, XCMG and Conflux plan to jointly issue their first NFT collection for overseas markets in the near future. As XCMG continues to explore new opportunities in the blockchain and web3 space, the company is excited to leverage its partnership with Conflux and Zen Spark Technology Pte Ltd and their expertise in distributed ledger technology and fintech to bring innovative solutions to the global market.The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will be closely watched by industry experts and investors, as the three companies explore new opportunities and drive innovation in the global market. With the power of blockchain and Web3 technology, the possibilities are endless, and the future looks bright for XCMG, Conflux, Zen Spark and the global community.About XCMG<a href="https://www.xcmg.com/en-ap/">XCMG</a> is the world’s 3rd largest…

Hong Kong, Hong Kong, 27th March, 2023, ChainwireWombat Exchange, the largest stableswap on the BNB Chain, is proud to announce its expansion into the multichain territory, starting with its launch on the leading Ethereum layer-2 network – Arbitrum One, on April 5th, 2023 at 6 AM UTC. This expansion marks an exciting development for Wombat Exchange, as it seeks to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability in a multichain world.Wombat Exchange is the leading stableswap on the BNB Chain, backed by numerous top-notch investors, including Animoca Brands, Binance Labs, Shima Captial, Jump Crypto, and more. Since its launch in September 2022, Wombat Exchange has reached a lifetime peak of $217M TVL and continues to attract high transactional volumes.Despite having only ~40M TVL, Wombat has recently ranked 4th in total trading volume in the entire crypto space, and is now ranked as the 2nd largest DEX by trading volume on the BNB Chain, proving the capabilities and capital efficiency of their algorithm.Wombat Exchange and Arbitrum blockchain share a common vision for DeFi innovation and community-building. The pioneering spirit and dedication of the Arbitrum team align perfectly with Wombat’s objectives to provide an exceptional stablecoin swapping experience. With its algorithm enhancement and the adoption of the coverage ratio concept, Arbitrum users will be able to swap stablecoins with minimal slippage and provide single-sided liquidity.To further extend the reach and provide more yield opportunities and flexibility to token holders, Wombat is bringing the entire Wombat ecosystem, including Convex forks namely Wombex, Magpie, and Quoll, to Arbitrum.Alex, Founder of Wombat Exchange, commented, “The core and the most crucial goal of Wombat is being the best stableswap we can be. We believe that for any blockchain or DeFi to survive and thrive, a good stableswap is the key to serving as the foundation for the entire ecosystem. Our team is thrilled to extend our offerings to the Arbitrum network, and we are confident that we will build a strong and dynamic community.”Wombat is thrilled to kickstart its launch on Arbitrum on 5th Apr 2023 at 6 AM UTC with a liquidity mining rush program, offering users the opportunity to earn a substantial amount of WOM through staking.For more information on the Arbitrum launch, please visit: http://bit.ly/3LQarF3About Wombat ExchangeWombat Exchange is a multichain stableswap native on BNB Chain. It’s focused on re-engineering the stableswap experience with its innovative algorithm design to deliver a next-generation stableswap 2.0 experience.Wombat’s vision is to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability in a multichain world.For more information, visit:Website | Telegram | Twitter | DiscordContactCherie Man, cherie@wombat.exchangeThe post Wombat Exchange Goes Multichain with First Launch on Arbitrum appeared first on CoinJournal.

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Key takeawaysBitget has entered a strategic partnership with Space and Time.The crypto exchange has become the first trading platform to take advantage of a decentralised data warehouse. Bitget has also launched a Proof of Reserves page on its platform to boost transparency. Bitget partners with Space and TimeBitget, the largest crypto copy trading platform, announced earlier today that it has entered into a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. According to the press release shared with Coinjournal, Bitget said the partnership would enable it to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation. Thanks to this latest development, Bitget has become the first centralised exchange to take advantage of a decentralised data warehouse. The exchange said Space and Time would provide its users with verifiable evidence that the exchange holds the assets it claims to own on behalf of its clients. In addition to that, Bitget users will have full transparency about the exchange’s activity, liquidity, assets, and liabilities. Users would have a full assurance that the data and computation powering the exchange are accurate and haven’t been tampered with.Bitget launches its PoR pageThis latest cryptocurrency news comes after Bitget launched its Proof of Reserves Page, demonstrating to users that it is a full-reserve exchange. The exchange’s Proof of Reserves (“PoR”) leverages the cryptographic-audited Merkle tree method and also validates that users’ assets stored on the platform are safeguarded. Bitget confirmed that the total reserve ratio on its platform as of March 6th, 2023 stands at 231%. This implies that Bitget currently holds more than 100% of the user’s total assets (BTC, ETH, USDT, USDC). Some crypto exchanges, including Binance and OKX, have released Proof of Reserve reports a few times over the last couple of months. While commenting on this latest development, Gracy Chen, Managing Director of Bitget, said;“Bitget strives to be the all-in-one global trading platform, and our partnership with Space and Time highlights our commitment to that. More than ever, users want to see transparency from exchanges. Bitget is the first to work toward transparency of proof of accounting and operations through Space and Time. We aim to inspire people to embrace crypto with more protection, transparency and security, which serve as pillars for building a robust platform.”  Nate Holiday, CEO and Co-Founder of Space and Time, added that“Space and Time is building the foundation for a verified and transparent financial economy. We’re thrilled to work with Bitget to provide market-leading proofs for accounting and verifiability of operations. This partnership marks a new era of transparency for centralized businesses.”  Bitget revealed that it would also use the Space and Time data warehouse to run verifiable computations against verifiable on-chain and off-chain data. Bitget has been around since 2018 and is one of the leading crypto exchanges in the world in terms of futures trading and copy trading services as its key features.Meanwhile, Space and Time claims to be the first Web3-native decentralised data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts.The post Bitget now offers financial transparency through Space and Time appeared first on CoinJournal.

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Litecoin has been one of the top-performing large-cap coins.The countdown of Litecoin halving has started, with 130 days to go.Litecoin price has made a strong recovery in the past few days as investors reposition for the upcoming halving event. LTC has been one of the top-performing cryptocurrencies since June last year, having risen by over 130%. Litecoin was trading at $92.17, which was about 40% below the lowest point this year.LTC halving countdownHalving is an important part of proof-of-work (PoW) blockchains like Bitcoin, Dash, and Bitcoin Cash in that it reduces block rewards to miners by half. The goal is to reduce the supply even as demand rises. As such, the concept tends to boost the coin’s prices.Litecoin, which is a well-known proof-of-work cryptocurrency, will go through its halving event this year. Data compiled by Nice Hash shows that the next halving event will happen on August 6 of this year, meaning that it is about 130 days to go.Litecoin’s halving will happen when the block height rises to 2.52 million, up from the current block height of 2.446 million. This halving event happens after every four years and will see the current block reward falling from 12.5 LTC to 6.25 LTC.Historically, cryptocurrencies tend to rise ahead of a halving event. For example, Bitcoin jumped sharply before its last halving event which happened in May 2020. It then pulled back shortly after that. Litecoin’s hash rate has been in a strong downward trend in the past few days. It currently stands at 710 TH/s, lower than its all-time high of 785 TH/s. Hash rate is important data that shows the health of a proof-of-work cryptocurrency. Litecoin price predictionMediaLTC chart by TradingViewThe daily chart shows that the LTC has been in a strong bullish trend in the past few months. It managed to flip the key level at $84.51 into a support. The coin has moved above the 25-day and 50-day exponential moving averages and the two have formed a bullish crossover. Litecoin has moved above the ascending trendline shown in green. It has also formed what looks like a bullish pennant pattern. Therefore, the coin will likely have a bullish breakout, with the next reference level to watch being at $105.62.How to buy LitecoineToroeToro 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 LTC 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 LTC with Public today Disclaimer The post This catalyst could push Litecoin price higher soon appeared first on CoinJournal.

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Key takeawaysBinance has opened a regional hub in Georgia as it expands its global reach.The crypto exchange seeks to ramp up talent acquisition, promote blockchain education, and accelerate crypto adoption in the region.Binance has been active in the Georgian crypto space in recent months. Binance expands its global reachBinance, the world’s largest cryptocurrency exchange by trading volume, announced on Monday, March 27th, that it had opened a regional hub in Georgio.This latest cryptocurrency news comes as the cryptocurrency exchange continues to expand its presence globally. According to the cryptocurrency exchange, the hub would be dedicated to ramping up talent acquisition, promoting blockchain education, and accelerating crypto adoption in the region. Binance’s Georgian division currently has 25 employees. The hub is working with the local public and private sectors to organise educational and hackathon events. Binance said it expects to create dozens more jobs in the region before the end of the year. While commenting on this latest development, Binance’s Georgia general manager Giorgi Chagelishvili, said;“The opening of the hub in Georgia is a logical continuation of the dialogue that we started with the government last year. Thanks to the hub, we will strengthen the development of the recruiting program in the country, as well as make an even greater focus on the regional presence of Binance.”Binance’s regional director Vladimir Smerkis pointed out that Georgia is one of the most innovative countries in the region. Georgia has also become a serious leader in terms of the level of cryptocurrency adoption. Binance signed an MoU with GeorgiaIn November 2022, Binance’s CEO Changpeng Zhao (CZ) visited Georgia for the first time. During the visit, CZ met with Prime Minister Irakli Garibashvili and the local business and crypto communities.In February 2023, Binance signed a memorandum of understanding (MoU) with the Agency for Innovation and Technology of Georgia (GITA). The two groups would work together on blockchain-related educational and community projects, as well as the growth of the cryptocurrency industry in the country as a whole.Smerkis added that Binance now has a physical location in Georgia and is working on the legal side of the opening of the hub. The Georgian government is working to make the country a major global cryptocurrency hub. The country is currently hosting numerous Bitcoin ATMs, making it easier for users to convert cryptocurrencies into cash and vice versa. The post Binance launches new regional hub in Georgia appeared first on CoinJournal.

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MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount.The company also bought 6,455 bitcoins worth $150 million.Saylor’s company currently holds more than 138,900 bitcoins.MicroStrategy, the world’s largest corporate holder of Bitcoin, has revealed it recently purchased more BTC. The business intelligence company, founded by Bitcoin bull Michael Saylor, also announced on Monday that it had repaid the loan to the failed crypto-friendly bank Silvergate Bank.MicroStrategy repays $250 million loan, buys 6,455 BTCSaylor, referencing his company’s latest SEC filing, said that MicroStrategy has now fully repaid the $205 million loan it borrowed from Silvergate in March 2022. The company reportedly cleared the loan principal with a 22% discount, with Friday’s payoff seeing MicroStrategy clear the collateralized loan at $160 million.As a result, the company recouped its 34,619 BTC that had been pledged as collateral.MicroStrategy also confirmed the purchase of 6,455 BTC, acquired for a total of $150 million and at an average $23,238 a coin. Saylor’s bitcoin strategy now includes a total Bitcoin haul of 138,955 BTC since the company’s first move in 2020. So far, the total BTC holdings have been acquired at a cost of $4.1 billion, with each bitcoin purchased at the average price of $29,817.MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt— Michael Saylor⚡️ (@saylor) March 27, 2023Bitcoin currently trades around $27,809 while MicroStrategy shares closed at $256.67 on Friday and were 0.07% down at 9.10 am ET ahead of US markets opening on Monday.The post MicroStrategy buys another $150 million worth of Bitcoin appeared first on CoinJournal.

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<a href="https://coinjournal.net/bitcoin/">Bitcoin</a>, or cryptocurrency, is a digital currency introduced to the world in 2009 by a developer named  Satoshi Nakamoto. It operates digitally without the influence of any third party and is considered the safest transaction method for businesses. People can trade bitcoin conveniently through software specially designed for its trading. As stated by <a href="https://www.researchprospect.com/">Research Prospect</a>, the value of bitcoin has doubled since its inception. Similar to gold, it is a great way to keep your assets secure. Moreover, it is the most accessible currency, as anyone can buy or sell Bitcoin with a secure internet connection. ‘Satoshi’ is the smallest denomination of Bitcoin, named after its creator. How do Bitcoin transactions work?This Bitcoin transaction is commonly known as the blockchain. There is a nominal fee from Bitcoin whenever any person buys or sells any amount of bitcoin. There are three main kinds of transaction fees in cryptocurrency: Wallet FeeExchange FeeNetwork Fee The wallet fee is deducted whenever a person sends money from his <a href="https://coinjournal.net/wallets/">wallet</a> to another. The exchange fee is the one which is deducted after the completion of any order of transaction. The network fee is paid to the minors who provide these services to you. Coding plays a vital role in storing and transferring <a href="https://coinjournal.net/cryptocurrencies/">cryptocurrency</a> to other users. This fee is Bitcoin’s primary revenue source, just like any other business. Are Bitcoin transactions secure?Bitcoin uses hash algorithms to transfer any amount by providing a unique code that is hard to hack. It is the most secure method for currency exchange until now. However, many cyber-attacks have been made to disrupt the security wall of cryptocurrency. All the bitcoin transactions are saved in the network. It is advisable that you use different wallets for various types of transactions to keep a proper record. By doing so, others cannot access your other codes stored in the application. Always research the software or service you plan on using either for bitcoin mining or savings. How accessible is Bitcoin?Cryptocurrency is expanding globally. Everyone has the accessibility to bitcoin. Bitcoin is considered the most accessible currency globally as anyone with an astable internet connection and a cellular device can access it without discrimination of race, region, or gender. Cryptocurrency is redefining the role of banks by providing the lowest exchange rates, security, and accessibility worldwide. How to cash your BitcoinYou cannot cash bitcoin directly. For that, you will need to find a purchaser on the application that will buy your cryptocurrency and pay in the currency of your choice. By doing so, you can easily withdraw that amount. There can be restrictions, but such a transaction is generally completed within three days. If you do not want to sell your bitcoin, keep it in a USB drive wallet as it is the safest form of wallet from cyber-attacks or theft. How Bitcoin’s decentralised system works?According to an article published by <a href="https://essays.uk/">Essays UK</a>, a decentralised system doesn’t work with any third party. It has its users and their cellular devices as key players. Hence, bitcoin’s decentralised system gives each user autonomy. Unlike traditional banking systems, a decentralised system is excellent for the users’ autonomy as it ensures privacy and transactions can be carried out virtually. Making it hard for hackers to manipulate their systems. Moreover, a con that must be discussed here is that such decentralised systems are time-consuming. The user will have to wait a certain period to get the cash.  What are some pros of cryptocurrency?There are so many benefits of cryptocurrency compared to the traditional banking system. The following are some of the advantages of using cryptocurrency:Autonomy: It is the topmost principle of cryptocurrency. As mentioned…

Komodo is a leader in blockchain interoperability and atomic swap technology.It is the company behind the AtomicDEX app.Making AtomicDEX Mobile source code open-source makes it more trustless, secure, and interoperable.Komodo has announced that it is open-sourcing its AtomicDEX Mobile codebase in an effort to make the application more trustless, secure and interoperable.By making it open-source, the app will be freely available and can be modified and distributed by anyone.The AtomixDEX appAtomicDEX is a non-custodial cryptocurrency wallet, crypto bridge, and cross-chain decentralized exchange combined into one application that is available on three GUIs (AtpomicDEX Web, AtomicDEX Mobile, and AtomicDEX Desktop).AtomixDEX Mobile will be one among a few of the decentralized applications that are open source contrary to blockchain protocols like Ethereum, which are open source. It is also important to note that most mobile crypto wallets in the market today use closed-source source codes meaning end-users or third-party developers can’t change their source code.Komodo previously open-sourced AtomicDEX Desktop and the project now wants to create additional opportunities for developer collaboration and ecosystem expansion with AtomicDEX Mobile going open source.Why make AtomicDEX Mobile open source?Komodo wants to build technologies that anyone can use freely. Users will be able to verify for themselves in real-time that AtomicDEX is truly secure. Open-source developers can now also use the AtomicDEX API as well as the AtomicDEX Mobile codebase to create their own dApps that utilize AtomicDEX’s wallet feature and/or peer-to-peer (P2P) atomic swap technology for cross-chain trading.Commending about the move, Komodo CTO Kadan Stadelmann said:“This move allows us to prove that AtomicDEX is truly transparent, trustless, and secure. We’re setting a new industry standard now that AtomicDEX is one of the very few mobile crypto wallets on the market that is 100% open source. We challenge all other mobile crypto wallets to follow in our footsteps by going 100% open source.”Users can currently download the AtomicDEX Mobile on Google Play for Android users and TestFlight for iOS users. The post Komodo makes AtomicDEX Mobile 100% open source appeared first on CoinJournal.

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<strong>Toronto, Canada, 27th March, 2023, Chainwire</strong>Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea DropsSphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers)Non-PFP and non-generative, Winkles & Flam marks a radical new model for Digital Collectibles, with high-quality, hand-drawn illustrations & weekly/seasonal releasesThe first project to partner with Mint Foundry, the new Visual Metadata Editor from the team behind acclaimed ‘No Code’ NFT service Mintplex LabsCanadian art collective Sphynx Ink Inc. is partnering with OpenSea’s exclusive “Drops” platform to launch Winkles & Flam, a ground-breaking Digital Collectibles project introducing the first cartoon duo of the web3 space.Created by Oscar®-nominated filmmaker Adam Benzine and BAFTA®-winning illustrator Dele Nuga, Winkles & Flam – the ‘Cosplaying Canadian Kitties’ – are adorkable sibling Sphynx cats who dress up in homemade, video game-inspired outfits. A year in the works and featuring original, hand-drawn art, the project differs radically from current NFT projects. It is not a PFP (Profile Picture). Nor does it use generative elements.Launching April 3 with weekly content drops, rather than all at once, Winkles & Flam will run for five seasons, with sets of hand-drawn images comprising a mix of free mint, fixed-price and auctioned offerings. Each set draws inspiration from an iconic video game, with an educational component – Winklepedia™ – focusing on the history of video games.A <a href="opensea.io/collection/winklesandflam-seasonpass/drop">Season Pass</a> goes on sale today (March 27) exclusively via OpenSea Drops, limited to just 1,000 copies and guaranteeing buyers all 30 cards from Season 1.Winkles & Flam is the first major project to use Mintplex Lab’s cutting-edge, visual metadata editor Mint Foundry, which allows creators to edit and update information in real-time, without coding knowledge.Winkles & Flam Creator Adam Benzine says: “Winkles & Flam marks the start of ‘Phase 2’ of the Digital Collectibles space, focusing on original characters, narrative, quality and reliability, led by doxxed creators with a proven track record.“The market has grown tired of low-quality, rug-pull pump-n-dumps and vaguely conceived, cash-grab metaverses. A steady stream of garbage profile pictures has turned off consumers. It’s time for something fresh.”Winkles & Flam Co-Creator Dele Nuga adds: “We’re thrilled to partner with OpenSea Drops and grateful to the geniuses at Mintplex Labs for devising a solution for our unconventional release strategy. We believe Winkles & Flam will be the first of many projects to move to a character-based, weekly release strategy, focusing on personality, storytelling and community.”Season 1 of Winkles & Flam launches on April 3 and runs for 10 weeks, with weekly free mint cards (featuring Winkles) and fixed-priced cards (featuring Flam) released on Polygon. Winkles & Flam: Platinum cards (unique 1-of-1s featuring the duo together in playful scenarios) will be auctioned daily on Ethereum. Check out <a href="http://winklesandflam.com/">winklesandflam.com</a> for more info.(NOTE: Winkles is the pink kitty with blue eyes. Flam is the grey kitten with green eyes.)<a href="https://coinjournal.net/wp-content/uploads/2023/03/Winkles__Flam_Season_1_Promo_Image_2_1679333978XWMeuofdp2.jpg">Media</a><strong>About Sphynx Ink Inc.</strong>Founded by Oscar®-nominee ADAM BENZINE and BAFTA®-winner DELE NUGA, Sphynx Ink Inc. is the Toronto-based art collective behind WINKLES & FLAM™, The Cosplaying Canadian Kitties™!LinksWinkles & Flam on OpenSea Drops: <a href="https://opensea.io/collection/winklesandflam-seasonpass/drop">opensea.io/collection/winklesandflam-seasonpass/drop</a>Winkles & Flam Official Site: <a href="http://winklesandflam.com/">winklesandflam.com</a>Winkles & Flam LinkTree: <a href="http…

Polygon Labs has announced its Polygon zkEVM is now live.MATIC, the native Polygon token is trading 8% down this past week and 3% down in the past 24 hours.The technical outlook for MATIC on the daily chart suggets bears have an advantage.Polygon price remains just above $1.08, with the cryptocurrency poised near the critical $1.00 level amid a market lull for most altcoins.But while MATIC has shed about 8% of its value over the past week, there’s a sense of positivity hovering around the Ethereum scaling project. In particular, the community is reveling in the latest development involving Polygon – the launch of the blockchain protocol’s highly anticipated zero-knowledge based network zkEVM.Polygon zkEVM mainnet beta went live at 10 am EDT and saw Ethereum co-founder Vitalik Buterin perform “the symbolic first transaction” at 10.30 am. Polygon zkEVM, which has been in development since last year, not only offers more scalability but also brings cheaper transactions to users.The moment we’ve all been waiting for – Polygon #zkEVM Mainnet Beta is LIVE with @VitalikButerin performing the symbolic first transaction.👏🏿 Permissionless
👏🏾 Public
👏🏽 Fast finality
👏🏼 Leading EVM-equivalent zkEVM
👏🏻 Completely open-sourceMore 👇🏻https://t.co/Xo4mbhnASh— Polygon (labs) (@0xPolygonLabs) March 27, 2023The zkEVM launch has attracted over 50 projects from across the crypto ecosystem, including cryptocurrency, Web3 and blockchain gaming.Polygon price outlook as zkEVM launches on mainnetPolygon traded lower since price rejected around $1.25 on 18 March, with a double top formation coinciding with the latest dip to lows of $1.06.MediaPolygon price on the daily chart. Source: TradingViewThe technical outlook on the daily chart suggests bears have a slight advantage, with the daily Relative Strength Index (RSI) sloping below the middle band. The daily Moving Average Convergence Divergence (MACD) is also below the signal line.Bulls are likely to rely on the ascending trendline (green line), but if this breaks, MATIC/USD could retreat to horizontal support around $1.04. Further breakdown could push bulls to $0.93 and likely the main support zone near $0.75.MATIC price – will it explode higher after zKEVM launch?The broader crypto market is paring recent gains, with all the top 10 cryptocurrencies trading lower on Monday morning. The action contrasts with a positive open for US stocks as traditional financial markets bounce on fresh positivity after the sale of Silicon Valley Bank.While bears hold the advantage, MATIC price can ride a flip across crypto to test recent supply zones. This includes the price level marked by the 50-day exponential moving average, which currently provides an immediate supply wall near $1.14.If upside momentum surfaces, the short term outlook is where Polygon’s price retests $1.25 and possibly $1.55.The post Polygon price: MATIC poised as highly anticipated zkEVM goes live appeared first on CoinJournal.

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Gucci and Yuga Labs partner to bring Fashion NFTs to Otherside.The companies have entered a multi-year partnership as they explore the interconnection between Web3 and fashion.The BAYC floor price rose slightly following the news.Gucci, a leading high-end luxury fashion brand, is looking to continue its march into the world of NFTs and the metaverse with a new partnership with Yuga Labs. Gucci is one of numerous fashion brands to enter the NFTs space, while Yuga Labs is the creator of popular NFT project Bored Ape Yacht Club (BAYC).Gucci and Yuga Labs partner to explore Web3 and fashionAccording to a news report published on Monday by Business of Fashion, the Italian fashion giant will use the deal with Yuga Labs to explore the convergence between fashion, Web3 and entertainment. Gucci also noted via its official Twitter account that the collaboration targets “blurring the boundaries between the physical and the digital.”Continuing to explore the Metaverse, the House comes together with @yugalabs. Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital. pic.twitter.com/v60mzcgqqY— gucci (@gucci) March 27, 2023With the multi-year partnership in place, Gucci is reportedly eyeing an “an active role” in Yuga Labs project Otherside and the 10KTF collection. Details of the collaboration indicate the luxury fashion house will begin its journey in the 10KTF this coming week, with the Otherside set to follow.The news of Gucci and Web3 leader Yuga Labs helped push the floor price of the BAYC NFT collection higher. At the time of writing, the NFTs floor price was up 1.2% in the past 24 hours – going for about 60.697 ETH, or $104,850.Yuga Labs was founded in 2021 and raised $450 million during its seed round in March 2022, with the company valued at $4 billion.The post Gucci partners with Yuga Labs to explore Web3 and fashion appeared first on CoinJournal.

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Investors put $160M into crypto investment products amid concerns around traditional finance.Bitcoin recorded the largest inflows of $128 million as a six-week streak of outflows ended.Digital assets manager CoinShares also says Solana, Polygon and EXP recorded inflows.Inflows into digital asset investment products totaled $160 million last week, with the latest market report from digital assets manager CoinShares showing the largest share of inflows went into Bitcoin.CoinShares’ Digital Asset Fund Flows Weekly Report published Monday 27 March also highlighted that crypto investment products had ended a six-week streak of outflows.Digital asset investment products saw largest inflows since July 2022According to CoinShares Head of Research James Buttefill, crypto investment products had recorded outflows totaling $408 million over the past six weeks. However, last week saw institutional investors put the most funds into crypto-related products for the sector to register its largest weekly inflow in eight months. The last time more institutional flows hit the crypto investment space was in July 2022.The inflows come a while after Bitcoin rallied to highs near $29,000, with prices of Ethereum and other altcoins also witnessing significant upsides. However, BTC has shed some of the gains and remains below $28k.Butterfill notes that inflows came “relatively late” compared to the rest of the crypto market, noting this is likely a reaction by investors to the recent chaos within the traditional financial markets.Bitcoin recorded $128 million in inflows, but Ethereum saw a 3rd week of outflowsBitcoin saw the most inflows last week, with $128 million poured into BTC investment products as some CoinShares clients expressed sentiment of BTC being a safe haven. However, Bitcoin also continued to attract negative sentiment, with short-bitcoin inflows hitting $31 million last week.Meanwhile, Ethereum recorded outflows for the third consecutive week, with $5.2 million exiting Ether investment products. CoinShares believes there are jitters around Ethereum’s highly anticipated network upgrade Shanghai, which is expected around 12 April.Among altcoins, the top three coins to see inflows were Solana ($4.8 million), Polygon ($1.9 million) and XRP ($1.2 million).The post Crypto saw $160 million in institutional inflows last week appeared first on CoinJournal.

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CFTC sued Binance for violating federal laws to attract U.S. clients.Mizuho’s Dan Dolev reiterates his $30 price target on Coinbase stock.He prefers Bitcoin over Coinbase Global Inc to play the crypto space.On Monday, Commodity Futures Trading Commission sued Binance for violating federal laws to attract U.S. clients.What does it mean for the Coinbase stock?Theoretically, that should be an opportunity for rival Coinbase Global Inc (NASDAQ: COIN) to expand its market share.Still, Dan Dolev – Senior Analyst at Mizuho recommends against investing in the crypto exchange. Explaining why on CNBC’s “Closing Bell: Overtime”, he said:What you’re seeing now is beginning of the real crackdown on crypto. If I owned any of these crypto names, I’d be really worried. I wouldn’t invest in any public exchange, including Coinbase.Last week, Coinbase also received a Wells notice from the Securities and Exchange Commission for violating U.S. securities laws. Coinbase stock ended nearly 10% down on Monday.Dolev prefers Bitcoin over Coinbase stockDolev currently has an “underperform” rating on the crypto exchange. His $30 price objective suggests its shares could tank another 50% from here.There’s no business model. If the government cracks down on altcoins and staking, that’s 35% of Coinbase revenue – on Ethereum, you’re adding another 20%-30%. Then, what are they left with?Nonetheless, Coinbase Global Inc reported better-than-expected results for its fourth financial quarter in February. It, however, ended Q4 with 8.3 million MTUs (monthly transacting users) versus 8.5 million a year ago.The Mizuho analyst prefers Bitcoin over Coinbase stock to play the crypto space.The post Dan Dolev’s view on Coinbase stock after CFTC sued Binance on Monday appeared first on CoinJournal.

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Disney had picked Polygon for the metaverse project.Disney was targeting NFTs for its next-generation storytelling and consumer experiences.The company is currently in the process of streamlining its business.Disney started developing a metaverse strategy in mid-2022 and announced that they would tap the Polygon blockchain for the project. Earlier in October 2021, Citi released a report saying that Disney, Electronic Arts, and WWE were set to become some of the biggest beneficiaries of non-fungible tokens (NFTs).The company further appeared to ramp up resource deployment by posting a job post for an expert in-house counsel for DeFi and NFTs in September 2022. The person Disney was looking to hire was required to be an experienced corporate attorney who would “work on transactions involving emerging technologies, including NFTs, blockchain, metaverse, and decentralized finance.”However, according to the Wall Street Journal, Disney’s metaverse plans appeared to be still unclear a year later.Streamlining businessDisney is currently in the process of laying off about 7,000 employees as it tries to control costs and develop what the CEO Bob Iger calls a “streamlined business.” The layoff will affect the 50 metaverse project employees.Disbanding the next-generation storytelling and consumer experiences shows Disney is questioning the continued value of Web3.The post Disney disbands its metaverse team amid large layoff appeared first on CoinJournal.

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Commodity Futures Trading Commission (CFTC) made a surprise lawsuit against Binance.The lawsuit has labelled Bitcoin, Ether, Binance USD, Tether and Litecoin as commodities.CFTC also made allegations of market manipulation and a lack of compliance efforts.Binance CEO Changpeng ‘CZ’ Zhao has rejected the allegations made by Commodity Futures Trading Commission (CFTC) against Binance and himself in the March 27 lawsuit.On March 27, the US CFTC issued a 74-page complaint labelling Bitcoin (BTC), Ethereum (ETH), Binance USD (BUSD), Litecoin (LTC), and Tether (USDT) as commodities and also accused Binance and Changpeng Zhao of market manipulation and lack of compliance.CFTC has also accused Binance of not cooperating with the investigative subpoenas while also obscuring the location of its executive offices.CZ calls CFTC’s claims incomplete recitation of factsBinance’s CEO published a blog post arguing that the cryptocurrency exchange:“Binance.com does not trade for profit or “manipulate” the market under any circumstances. Binance “trades” in a number of situations. Our revenues are in crypto. We do need to convert them from time-to-time to cover expenses in fiat or other crypto currencies. We have affiliates that provide liquidity for less liquid pairs. These affiliates are monitored specifically not to have large profits.”In the lawsuit, the CFTC has accused Binance of trading on its own platform using 300 “house accounts” without properly disclosing the information to its customers in its Terms of Use. The CFTC says that the exchange has instead kept the information as a “top secret” and even refused to respond to the commission-issued investigative subpoenas looking for information about the said trading activity.CZ also went ahead to disclose that he has two accounts with Binance: one for the card and one for crypto holding. He says in the blog post:“Personally, I have two accounts at Binance: one for Binance Card, one for my crypto holdings. I eat our own dog food and store my crypto on Binance.com. I also need to convert crypto from time-to-time to pay for my personal expenses or for the Card.”The post Binance’s CZ refutes CFTC’s claims of improper compliance procedures and trading appeared first on CoinJournal.

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BlockFi filed for Chapter 11 bankruptcy on November 28.Some Califonia users continued to repay their loans between November 11 and November 22Users were not notified until November 22 that they could stop repaying their Loans “until further notice.”California’s financial watchdog, the Department of Financial Protection and Innovation (DFPI), had previously suspended BlockFi’s lending license for 30 days from November 11, 2022, before later revoking BlockFi’s CFC license on December 15, 2022.BlockFi halted client withdrawals on November 2022 and requested clients to deposit funds to BlockFi wallets or Interest Accounts for lack of clarity around the FTX collapse. The crypto lender later voluntarily filed for Chapter 11 Bankruptcy on November 28, 2022, alongside its eight other subsidiaries.The DFPI claimed that BlockFi failed to “provide timely notification to borrowers that they could stop repaying their BlockFi loans.” The watchdog claims that the crypto lender did not notify borrowers until November 2022 that they could stop repaying their BlockFi loans “until further notice.”About 111 California BlockFi users to get refundedAccording to a statement issued by DFPI on March 27, investigations showed that at least 111 BlockFi borrowers from California continued paying their loans between November 11 and November 22, 2022. These borrowers paid back about $103,471 in loan repayments between the said periods.BlockFi requested permission from the bankruptcy court to return the payments to the borrowers in a motion filed on February 24, 2023. The crypto lender has agreed to refund more than $100,000 to the California customers that continued repaying their crypto loans even after trading halted operations on November 10, 2022.The hearing for the request to refund the customers is scheduled for April 19, 2023. The refunds will go ahead if the motion is approved by the bankruptcy court.In the meantime, BlockFi has agreed to an “interim suspension” of its California Financing Law (CFL) license while “the bankruptcy and revocation actions are pending.”The post Bankrupt BlockFi to refund over $100K to California clients appeared first on CoinJournal.

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CFTC sues Binance for trading violations BNBUSD bearish bias persists$200 is a major support areaThe cryptocurrency market is hit with another scandal as news that CFTC (Commodity Futures Trading Commission) is suing Binance for trading violations. As it turns out, Binance is accused of having over 300 trading accounts under the control of CZ, and these accounts trade crypto.The problem is that it is easy to manipulate market prices through a tactic known as wash trading. Binance’s image is affected, and it might impact its coin, too, BNB.BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. It traded as high as $700 during the 2021 bull market but has given up more than half of its gains since then.So what do the charts tell us about the next possible direction for the BNB/USD?MediaBNBUSD chart by TradingView$200 is a major support area for BNBAfter surging during the bull run of 2021, BNB/USD made a double top pattern around the $700 area. From that moment on, the bearish bias persisted, as the market was unable to break the series of lower highs.Even the 2023 rally in the cryptocurrency market was not strong enough for the market to break above the previous lower high. As such, the bearish bias persists, and all eyes are now on the $200 area where the market found strong support previously.Only a daily close above $400 would invalidate the bearish bias. Until then, the path of least resistance remains the downside.  The post BNB/USD price forecast amid CFTC suing Binance for crypto trading violations appeared first on CoinJournal.

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Key TakeawaysAlex Kim is the Head of Partnerships in the Americas for BNB Chain, and he joins the CoinJournal podcastHe chats about the bear market, an interoperable future, the ease of building on BNB Chain, gas fees, decentralisation and moreThe dark side of of crypto, the migration of projects from other blockchains and much more are also discussedThere are a million different blockchains in the crypto space today, and it can be confusing to understand them all. Today, Alex Kim joins the CoinJournal podcast, the Head of Partnerships in the Americas of BNB Chain, to talk all things BNB Chain. The chain has grown immensely quickly to where it is now one of the biggest players in the space. The conversation touched on many points. Alex began by covering the much-discussed topic of what role Binance plays in all this. An early backer, Alex describes how the world’s biggest crypto exchange is now a distinct entity from the blockchain. He also chats about BNB and the role it plays on the blockchain, as well as the cheap gas fees which are prevalent on the chain, in contrast to some rivals. On the subject of rivals, he touches on Ethereum and what he believes will be an interoperable future. Also covered is the recent migration of several projects, including the much-publicised addition of Uniswap, one of the biggest players in the DeFi space. Of course, it is hard not to talk about the bear market. The torrid year that was 2022 brought many challenges for everybody in the cryptocurrency space, and Alex chats about what it was like to navigate the industry during this time. He also delves into dark side of crypto and the downsides of it being so easy to build in this decentralised world. Scams are commonplace, with many projects going to zero over the last year, with retail investors often the ones left holding the bag. Listen to the podcast on various platforms here:Listen on Spotify here:Reach BNB Chain: @BNBChainFind out more at www.bnbchain.orgThe post PODCAST: What is the BNB Chain? appeared first on CoinJournal.

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