Famed investor Jim Cramer shares his view on Coinbase stock.BofA analyst reiterates his underperform rating on COIN.Coinbase stock is down nearly 30% versus its year-to-date high.Coinbase Global Inc (NASDAQ: COIN) has lost nearly 30% in recent weeks but famed investor Jim Cramer still doesn’t dub it an opportunity to invest in it.Cramer shares his view on the Coinbase stockThe Mad Money host is disappointed that the crypto exchange did not benefit in terms of inflows amidst the recent bank failures. On CNBC’s “Squawk Box”, he said:I figured that, not to me, but to some people they were the JPMorgan of the business. So, the money goes to JPMorgan. Doesn’t look like it. I wouldn’t touch this thing at all.Last month, the crypto company received a Wells notice from the Securities and Exchange Commission for violating U.S. securities laws.Remember that year-to-date, Coinbase stock is still up 90% at writing.Bank of America is bearish on Coinbase stockAlso on Thursday, a Bank of America analyst cited data from CoinGecko and said transaction volumes remained roughly flat for Coinbase in the first quarter (sequentially), missing consensus by a whopping $24 billion.That’s when crypto prices have been trending up since the start of the year. That’s noteworthy as transaction volume makes up a huge chunk of its total revenue.Jason Kupferberg also cited a 6.0% decline in app downloads (data from Sensor Tower) as he reiterated his “underperform” rating on Coinbase stock.  At 2.7 million, app downloads in Q1 were the lowest since the third quarter of 2020. The analyst added:While we don’t see much risk to Coin’s 1Q interest income, USDC’s market cap has fallen 24% since the bank crisis started, which could add risk to interest income estimates over the next few quarters.The post Jim Cramer on Coinbase stock: ‘I wouldn’t touch this thing at all’ appeared first on CoinJournal.

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<a href="https://coinjournal.net/price/">Cryptocurrency prices</a> went nowhere this week as focus remained on the happenings in the United States, where data revealed that the economy was weakening. Bitcoin price remained in a consolidation phase even as the US dollar index (DXY) plunged. Ethereum was a major winner as its price approached $2,000. This coin price prediction will like at key coins like Casper, XRP, and Dogecoin.Dogecoin price predictionOne of the biggest <a href="https://coinjournal.net/news/">cryptocurrency news</a><strong> </strong>was the decision by Twitter to change its logo into Dogecoin’s logo. The move pushed both DOGE and other meme coin tokens sharply higher as investors pondered the next actions by Elon Musk. <a href="https://coinjournal.net/dogecoin">Dogecoin</a> price soared to a high of $0.10, the highest point since December 5 last year. It then quickly unraveled and has dropped in the past four straight days. During this decline, the token moved below the important resistance level at $1, the highest point on February 4. DOGE remains above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the overbought level. Therefore, because of the RSI trend, I suspect that the coin will continue falling during the weekend as sellers target the key support level at $0.07. Still, we can’t rule out a situation where the coin bounces back as investors buy the dip.<a href="https://media.igms.io/2023/03/07/1680863950319-91f78488-a0ad-45cc-a3df-125f054e570f.png">Media</a>How to buy DogecoineToroeToro 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.<a href="/visit/etoro-crypto?guid=MTM2NjY4&component=simple-table&language=en&country=US&state=VA&position=1&totalPositions=1">Buy DOGE with eToro today</a> Disclaimer XRP price predictionThe XRP price has done well in the past few weeks as investors observe the Ripple vs SEC case. Expectations are that the case will end soon and that Rippple will prevail. Other analysts believe that the XRP price will do well regardless of how the case ends in the long run.On the daily chart, we see that the <a href="https://coinjournal.net/ripple/">Ripple</a> price jumped to a high of $0.5861 in March, as we wrote <a href="https://coinjournal.net/news/xrp-price-prediction-xrp-bulls-wake-up-as-ripple-vs-sec-decision-edges-closer/">here</a><strong>. </strong>The coin has now pulled back and retested the important support at $0.4932, the highest point on March 21st. This is known as a break and retest pattern, meaning that the coin will continue rising as buyers attempt to retest the year-to-date high of $0.58.<a href="https://media.igms.io/2023/03/07/1680863950834-0e53e616-768d-4e59-a328-58d66025dee7.png">Media</a>How to buy RippleeToroeToro 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.<a href="/visit/etoro-crypto?guid=MTM2NjY4&component=simple-table&language=en&country=US&state=VA&position=1&totalPositions=2">Buy XRP with eToro today</a> Disclaimer BitstampBitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.<a href="/visit/bitstamp-crypto?guid=MTM2NjY4&component=simple-table&language=en&country=US&state=VA&position=2&totalPositions=2">Buy XRP with Bitstamp today</a>Casper price predictionThe daily chart shows that the CSPR price has been in a slow bullish trend in the past few weeks. The token has been supported by the risng trendline shown in orange. It has moved above the 25-day and 50-day moving averages while the RSI has moved above the middle line…

Crypto projects are seeking non-US jurisdictionsThere has been a surge in crypto-targeted crackdowns by authorities in the US.On the contrary, East Asian countries have been making strides to promote crypto in the last few months.Seychelles-based crypto exchange Bitget has launched a new $100 million Asia-Focused Web3 Fund. The cryptocurrency exchange aims to take advantage of the recent strides by a majority of Asian countries to promote cryptocurrencies over the last months as opposed to the recent crypto crackdowns in the United States according to recent crypto news.The exchange seems to follow in the footsteps of the Huobi cryptocurrency exchange, which IN February intends to expand into Hong Kong by seeking a license to operate in the country.Hong Kong is seemingly easing its crypto regulations while Japan recently approved a whitepaper for Web3 development.In a statement sent to media outlets, Gracy Chen, the Managing Director of Bitget, said:“Despite the bear run, Bitget has always been supporting promising and innovative projects and the development of the Web3 environment with a focus on BUIDL. The launch of Bitget Web3 Fund is a continuation of our ongoing efforts to drive the adoption of crypto and Web3, reflecting our ‘Go beyond derivative’ strategy in 2023.”A self-funded fundAccording to a spokesperson at Bitget, the newly unveiled fund will be self-funded. The spokesperson said:“Bitget is debt-free with adequate cash flow, thanks to its steady development and fast-growing business.”Bitget exchange seems to be on an investing spree since the launch of this fund comes days after the exchange made another $30 million investment into the decentralized multi-chain wallet BitKeep.The post Bitget starts a new $100M fund targeting Asian Web3 startups appeared first on CoinJournal.

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The recent failures of Silvergate and Signature Bank left Binance.US without banking services.Binance.US is looking for a new bank partner to serve as a fiat on-ramp and off-ramp for its clients in the US.A WSJ report has however indicated that the exchange is facing challenges in identifying the bank partner.Binance.US, the United States arm of global crypto exchange Binance, is in the process of identifying a new bank partner that will serve as a fiat on-ramp and off-ramp. The crypto exchange was left with a bank partner after the collapse of the Silvergate and Signature Bank.However, according to a report published by the WSJ on April 8, Binance.US has been facing challenges in establishing a new bank partner. According to the report, the exchange has been depending on middleman banks to store funds.Currently, Binance.US is holding customer funds through the financial technology firm Prime Trust’s banking partners.Regulatory crackdown on banks with crypto clientsBinance.US has had a number of attempts in establishing a direct banking relationship with the likes of Cross River Bank and Customers Bancorp, but they have all failed.The regulatory crackdown in the US on banks with cryptocurrency clients is seen as a major factor contributing to the struggles the exchange is facing in identifying a new banking partner.Binance has been the focus of the US Commodity Futures Trading Commission (CFTC) investigation since 2021. The CFTC sued Binance Holdings and its CEO, Changpeng “CZ” Zhao, last month for alleged trading violations. And although CZ issued a statement refuting CFTC’s allegations, the lawsuit has had a significant effect on the exchange including leading to a drop in the exchange’s crypto market share.The absence of a direct bank has greatly affected Binance.US customers, especially after Binance said that some US dollar deposit services would be temporarily affected as it transitions to new banking and payment service providers over the next few weeks.The post Report showing Binance.US unable to find bank partners in the US appeared first on CoinJournal.

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Bitcoin price hovers above $28k with a ranged trading over the past month.Analyst Michael van de Poppe says the US consumer price index report out this week could be a big market mover.Bitcoin’s volume weighted average price (VWAP) is a metric to also watch.<a href="https://coinjournal.net/bitcoin/">Bitcoin price</a> continued its ranged trading this past weekend, with bulls retesting the $28,500 area. As the week starts, the top cryptocurrency could see an injection of volatility.Indeed, crypto analyst Rekt Capital says bitcoin remains “<em>well positioned for mid- to long-term upside</em>”, particularly as the cryptocurrency moves towards its next halving event. <a href="https://twitter.com/hashtag/BTC?src=hash&ref_src=twsrc%5Etfw">#BTC</a> is very well-positioned for mid- to long-term upsideIt would be a shame to miss out on the exponential post <a href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw">$BTC</a> Halving gains<a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/FE1j3nCTmN">pic.twitter.com/FE1j3nCTmN</a>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1645126411999379456?ref_src=twsrc%5Etfw">April 9, 2023</a>But what about the next few days? Below is what analysts say about Bitcoin price this week.Bitcoin price prediction ahead of CPI data this weekAccording to crypto analyst Michael van de Poppe, BTC is still in consolidation – which has stretched from around mid-March. But with big economic news on the cards this week, the market could be in for a bit of movement.In a comment on Bitcoin price he shared on Monday, van de Poppe said the upcoming Consumer Price Index (CPI) data expected on 12 April is a “<em>big event this week</em>.” If buyers manage to retest the $28,600 level, its likely BTC will break higher.“<em>Bitcoin is still stuck in the range. Good move overnight to $28,500 and back to consolidation. Big event this week with CPI, probably the market mover. If another test of $28,600 takes place, I’m assuming we’ll be breaking out upwards</em>,” the analyst noted.Here is the analyst’s Bitcoin price chart.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw">#Bitcoin</a> is still stuck in the range. Good move overnight to $28,500 and back to consolidation.Big event this week with CPI, probably the market mover.If another test of $28,600 takes place, I'm assuming we'll be breaking out upwards. <a href="https://t.co/soCWROaeDy">pic.twitter.com/soCWROaeDy</a>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1645329867397890048?ref_src=twsrc%5Etfw">April 10, 2023</a>Trading volume metric and BTC price outlookPseudonymous analyst bitcoindata21 also says the CPI news this week will likely be a major market catalyst. However, he also highlights Bitcoin’s Volume Weighted Average Price (VWAP), which he says currently sits on the benchmark cryptocurrency’s all-time highs.VWAP takes into account the average price of a trading asset as weighted by its total trading volume. The metric helps analyse and forecast price movement based on the average value over a given period. In this case, bitcoindata21 highlights the 30-day VWAP on 15 April, with a potential upward crossing on 13 April.The chart below bitcoindata21 <a href="https://twitter.com/bitcoindata21/status/1645141091069353987">shared</a> on Twitter shows a comparison of the 2019 and 2023 price movements.<a href="https://media.igms.io/2023/03/10/1681121214217-1446ba73-a143-4cbe-a86c-d1d36cf76bf5.jpg">Media</a><em>Bitcoin price VWAP historical data outlook comparing 2019 and 2023. Source: bitcoindata21 on Twitter.</em>The 1-month sideways trading along the VWAP is similarly positioned as was in 2019 before BTC went on to hit a new all-time in the last bull market.The post <a href="https://coinjournal.net/news/bitcoin-price-prediction-watch-out-for-cpi-event-this-week/">Bitcoin…

Wemade says Tangled features an AI-based verification system to enhance safety for the Web3 live chat users.Users can accumulate time points and swap them for utility tokens like WEMIX.Wemade is making giant steps in bridging traditional gaming to Web3 and blockchain.Wemade, a leading South Korean based gaming and blockchain company, has today launched the new Talk to Earn (T2E) decentralised application dubbed Tangled on its DAO and NFT Platform NILE.The popular video game developer, whose The Legend of Mir title is one of the biggest gaming hits, shared the news via a press release on Monday. According to Wemade, the Web3 live chat dApp uses AI-based AI-based verification to ban fake gender accounts or profiles. The artificial intelligence helps to ensure dApp users enjoy the highest standards of safety and chat experiences, the firm noted.Live chat and earn pointsTangled users will have an opportunity to chat with others across the globe. The chat application has a built-in mechanism that allows users to earn time points as other users accept their chat offer.Accumulated points are then saved in native Tangled NFT called Tangled Timepieces. The NFTs are in three grades – Luxury, High-End, and Zenith. A user can fuse same grade NFTs to achieve a higher grade NFT. Higher graded pieces mean more time points and longer live chat times.Users can also exchange time points for TIPO, a utility token that one can then swap for other digital assets such as WEMIX.Microsoft-backed Wemade has been aggressive in its blockchain and Web3 strategy since CoinJournal reported on the firm’s “blockchain facelift” for Legend of Mir in 2020. The company recently partnered decentralised warehousing provider Space and Time to help power its blockchain gaming platform WEMIX PLAY. The collaboration will see Wemade help the next wave of GameFi development, Wemade announced.The UNI token also rallied last July when Wemade announced it would add liquidity to Uniswap. The Korean game developer’s interest via the WEMIX/USDC pool on Uniswap V3 saw huge volume spikes, aiding the uptick in UNI price.The post Wemade launches Web3 live chat app Tangled on NFT platform NILE appeared first on CoinJournal.

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Chiliz price drifted sideways on Monday as the price of key fan token dropped sharply. The CHZ token was trading at $0.1297, where it has been in the past few days. This price is about 37% above the lowest level this year and ~26% above March’s low.Fan token prices retreatChiliz is a leading platform in the blockchain industry. It is a unique platform in the entertainment and sports industry. Its primary platform is known as Socios, which helps people trade fan tokens of some of the biggest teams in the world.Chiliz also provides a smart contract platform that makes it possible for teams to build fan tokens.Today, data compiled by Fan Market Cap shows that there are 82 fan tokens that have a combined market cap of more than $382 million.In most periods, Chiliz tends to do well when fan tokens are rising. In the past few days, some fan tokens have done well, with OG’s token jumping by over 257%. Other top fan tokens like Manchester City and Alpine have risen by 16% and 51%, respectively in the past 7 days.However, most of these tokens are some of the worst performers in the past 24 hours. OG price has dropped by 20% in the past 24 hours while Alpine, Arsenal, Inter Milan, and Atletico Madrid have dropped by double-digits in the same period. Another reason why the CHZ price is struggling is that the overall volume has dropped in the past few days. The token’s volume jumped to a high of 319.85 million on April 8, the highest level since February 22. This volume has dropped to ~83 million on Monday. Chiliz price predictionMediaSo, is it worth it buy Chiliz? The daily chart shows that the CHZ price has been in a tight range in the past few days. This price is consolidating at the 50-day and 25-day moving averages. It has moved above the ascending trendline that connects the lowest level since June last year. The Relative Strength Index (RSI) has moved below the key level at 60.Therefore, the token will likely remain in this range for a while and then retest the ascending trendline at $0.10. A move above the key resistance at $0.1432 will invalidate the bearish view.How to buy ChilizeToroeToro 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 CHZ with eToro today Disclaimer Binance.USBinance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.Buy CHZ with Binance.US todayThe post Chiliz Price Recoils as JUV, Alpine, ATM, OG fan tokens slip appeared first on CoinJournal.

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South Korean exchange GDAC reported the hack early Monday.The exchange said the hackers stole nearly 61 BTC, 350.5 ETH, 10 million WEMIX tokens and 220,000 USDT.On-chain data shows the hacker has swapped USDT for ETH and sent 461 ETH to a crypto mixer.Crypto news out of South Korea is that hackers stole nearly $13 million from the crypto exchange GDAC. The exchange reported that the incident occurred on Sunday.According to the exchange’s security update, the hackers transfered roughly 61 bitcoin, 350 ether, 10 million WEMIX tokens and 220,000 USDT from its hot wallet.In total, the hack left GDAC with a $13 million or so hole in stolen crypto, with the lost funds accounting for 23% of the exchange’s total custodial holdings.As a result of the hack, GDAC suspended its wallet system, pausing deposits and withdrawals. The exchange also announced it had reported the hack to the South Korea police, requesting for a cyber investigation.Hacker sends 461 ETH to Tornado CashGDAC said the assets were taken from its hot wallet, with the hackers transferring the coins to an unknown crypto wallet. While GDAC says its working with Korean security experts and authorities in a bid to recover the funds, crypto market intelligence firm Arkham reports the hacker has swapped the USDT into ETH. The blockchain intelligence platform revealed on Monday that the attacker had already sent approximately 461 ETH to the crypto mixing platform Tornado Cash.The post South Korean crypto exchange GDAC hacked for $13 million appeared first on CoinJournal.

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KBW analyst now rates Block stock at market perform.Steven Kwok still sees upside in “SQ” to $75 a share.Block shares are currently down over 25% year-to-date.Shares of Block Inc (NYSE: SQ) are trading down this morning after a KBW analyst downgraded the crypto company citing several “small risks”.Block Stock could still climb to $75Steven Kwok now rates the San Francisco-headquartered firm behind Cash App at “market perform”. His lowered price target of $75, though, still suggests about a 10% upside on its previous close.The analyst finds Block stock a bit less attractive now that multiple risks are piling against it. His research note reads:This big items revolve around rising competition within acquiring, and potential for regulatory scrutiny within its Cash App segment.In February, Block Inc reported weaker-than-expected earnings for its fourth financial quarter.Hindenburg has a short position in Block IncKwok is not convinced that the company’s income from instant deposit fees or unregulated interchange are very dependable. Rising competition, he said in his research note, could also weigh on take rates, volume growth, and profitability.Strength in its seller business is rooted in its in-store offering, and as more goods are sold online, this could shift purchase volume to marketplaces and eCommerce focused platforms like Shopify.Last month, short seller Hindenburg Research also took aim at the crypto company, alleging that its Cash App has a lot of fake/duplicate accounts, many of which were involved in criminal activities.Year-to-date, Block stock is down more than 25% at writing.The post KBW downgraded Block stock on Monday: find out why appeared first on CoinJournal.

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Solana is a top blockchain network and its native SOL token ranks among the largest by market cap.SOL on-chain staking is now supported on Crypto.com.Investors can earn rewards of up to 5% when they stake SOL on Crypto.com.Solana on-chain staking is now available on Crypto.com, a leading cryptocurrency exchange based in Singapore.An announcement from the exchange on Monday revealed that Crypto.com now supports SOL on-chain staking. According to the crypto platform, SOL holders can now earn more SOL rewards when they stake on Crypto.com, with up to 5% APR.There are also no fixed terms or minimum staking amount, the exchange announced via the Crypto.com Institutional Twitter account.All about efficiency and performance? You’re gonna love this. SOL is now available for on-chain staking on the https://t.co/A7lhUEyoao Exchange. Earn more #SOL rewards when you stake now! https://t.co/w5IWWkOtqC⬆️Up to 5% APR
🚫No fixed terms
🤏No min. staking amount@solana pic.twitter.com/QGJFFBps1c— Crypto.com Institutional (@Cryptocom_Insto) April 10, 2023Solana among best crypto assets for stakingCrypto staking platforms are crypto exchanges, brokers, or apps that allow users to earn rewards on their crypto assets by making it possible for them to lock the tokens in wallets or staking pools for a reward that comes after a set period.The staking process allows proof-of-stake blockchains to use staked coins to support and secure the network – which is different from the mining process of proof-of-work blockchains like Bitcoin.Solana is the third-largest crypto asset by staking market cap, behind only Ethereum and Cardano. However, according to the latest on-chain data for staking, the Solana network boasts the largest market share when it comes to staking reward ratio.Staking ratio refers to the percentage count of tokens eligible for staking that are being staked, and Solana’s ratio is currently at over 71%.In comparison, Ethereum, which transitioned to a proof-of-stake consensus mechanism in September 2022 via the Merge, only has staked ETH at 15.64%. Ethereum staking was introduced in December 2020 with the Beacon Chain genesis.Cardano and Cosmos have about 67% of tokens eligible for staking.The post Solana on-chain staking now on crypto exchange Crypto.com appeared first on CoinJournal.

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Bitcoin price has broken above $29k, testing the $29,300 zone.On-chain data shows BTC holders are increasingly betting long on the asset.A macro sentiment indicator suggests Bitcoin price is poised for a parabolic move.Bitcoin rose more than 4% on Monday to break above $29,300 again, with data showing the gains come amid a rising count of BTC holders.The week ahead is expected to be huge for the market in terms of the economic data releases. But even as the broader market awaits the US consumer price index report, Santiment says most trader in the Bitcoin market are increasingly looking at the asset as a long-term bet.💰 There is a rising rate of #Bitcoin #hodlers as traders seem to have become increasingly content in keeping their bags unmoved for the long-term. We saw a similar trend from January, 2021 through April, 2021 when $BTC rose above $64k for the first time. https://t.co/xrwNhcqVLo pic.twitter.com/wYFBsx6Css— Santiment (@santimentfeed) April 9, 2023It’s a trend likely to buoy a new upside momentum for bulls.Bitcoin price indicator in focus – the aSOPRAccording to Bitcoin analyst Ali on Twitter, BTC is primed for a parabolic ride given the outlook of one of Bitcoin’s macro market sentiment indicators.In a price forecast he shared as BTC entered last weekend in a tight range around $28k, the analyst pointed to the Adjusted Spent Output Profit Ratio (aSOPR). The potential movement is still in play as Bitcoin crossed above $29k again on Monday.“Another Bitcoin indicator hints at explosive growth! Historically, aSORP (90d) below 1 signals a bear market, & above 1 signals a bull market. In 2015, 2019 & 2020, it led to 6,110%, 150%, & 579% gains. aSORP recently moved above 1, suggesting $BTC readies to go parabolic,” the analyst noted.BTC/USD currently trades around $29,200 and bulls will want to have the stubborn supply zone at $30k locked up with a major breakout performance. If not, the consolidation seen in the past several weeks and a possible dip below the range is likely.The post Bitcoin retests $29,300 as key metric signals parabolic BTC move appeared first on CoinJournal.

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New York, US, April 10th, 2023, ChainwireBabylon x NYC, an exhibition of more than 100 physical and digital artworks, will take place in New York City on April 12-13, 2023. The exhibition, set up by <a href="https://babylon.art/">Babylon</a> — a Web3 gallery specializing in primary sales of NFT editions — will showcase works by the project’s 30 Founding Artists, well-known for their impact on the NFT art space.Also featuring, as highlights exclusive to <a href="https://www.eventbrite.com/e/open-day-babylon-x-nyc-tickets-601424164867?utm_source=press&utm_medium=release&utm_campaign=BabylonNYC">the exhibition</a>, are works by prominent Armenian artist Tigran Tsitoghdzyan, whose debut drop on Ethereum will be hosted on Babylon, and — for the first time on public display — the personal collection of Babylon founder Paruyr Shahbazyan.<a href="https://coinjournal.net/wp-content/uploads/2023/04/Tigran_Tsitoghdzyan_Self_Isolation_IV_1681072703tvvX6f589y.jpeg">Media</a>Babylon’s Founding Artists include mainstream creators like Rik Oostenbroek, who, in a 20-year career, has worked with the likes of Mercedes-Benz, Apple, and Nike; Archan Nair, whose work has been featured in Rolling Stone and Vogue, and Terrell Jones, whose gangster film-inspired pieces have been auctioned at Sotheby’s.<a href="https://coinjournal.net/wp-content/uploads/2023/04/Rik_Oostenbroek_The_Indecisive_11_1681072802rN2csVp550.jpeg">Media</a>The team and Founding Artists will be on hand to showcase this new NFT platform, which intends to become the home of NFT Editions, at the opening night on April 12. Babylon x NYC will then open to the public on April 13.Babylon is a passion project of founder Shahbazyan. He has dubbed it his ikigai — a Japanese concept that means ‘your reason for being.’ Shahbazyan is considered one of the largest and most followed independent NFT collectors, whose collection is estimated at around 4,000 ETH and features rare and valuable pieces such as a 3D Glass Hoodie Punk, a Spiral Fidenza, and a Red Ringer.He explains the significance of the Babylon x NYC exhibition:“Art has always occupied a special part of me, but I wanted to make an impact in the space rather than remain purely a collector.”“The emergence of NFTs has offered an opportunity to change and democratize the art world as much as printmaking did in the 18th century. Babylon is bringing in new sales mechanisms based around editions which will create an art world that is fairly distributed and open for all.”Tickets for the Babylon x NYC public exhibition are available <a href="https://www.eventbrite.com/e/open-day-babylon-x-nyc-tickets-601424164867?utm_source=press&utm_medium=release&utm_campaign=BabylonNYC">here</a>, and the exhibition booklet can be viewed <a href="https://issuu.com/babylonart/docs/babylon_booklet_pdf_with_works_compressed">here</a>.To enquire about attending the <a href="https://www.eventbrite.com/e/591335318857">private opening night</a> event as a media representative, please email mia@babylon.art. [image 1] Tigran Tsitoghdzyan, Self Isolation IV (2021), on display at Babylon x NYC[image 2] Rik Oostenbroek, The Indecisive (2023), NFT, on display at Babylon x NYCAbout BabylonLaunched in January 2023, Babylon is a Web3 gallery specializing in primary sales of NFT editions, created and run by a consortium of Founding Artists and collectors. Our vision is to make selling and collecting art accessible to all, amplifying the inherently democratic medium that editions are via a flexible listing model and diverse sales mechanics.<a href="https://babylon.art/">Website</a> | <a href="https://twitter.com/0xBabylon">Twitter</a><a href="https://coinjournal.net/wp-content/uploads/2023/04/babylon_logo_-_horizontal_1681071968llZ1d5troc.jpg">Media</a>ContactHead of Comms, Mia Agova, Babylon, mia@babylon.artThe post <a href="https://coinjournal.net/news/nft-and-traditional-artists-descend-on-new-york-for-babylon-art-exhibition/">NFT and Traditional Artists Descend on New York for Babylon Art Exhibition</a> appeared first…

Key takeawaysMetaMask has introduced a new feature that allows users to purchase cryptocurrencies with fiat currencies. The wallet wants to make it easier for users to purchase cryptocurrencies directly on its platform. MetaMask has included payment options like debit or credit cards, PayPal, bank transfers and instant ACH.MetaMask launches a fiat purchase feature Cryptocurrency wallet and decentralised application (DApp) provider MetaMask announced on Monday, April 10th, that it had launched a new feature that would allow its users to purchase cryptocurrencies with fiat currencies directly from its Portfolio Dapp.According to MetaMask, the move is designed to make it easier for users to purchase crypto with fiat currency. MetaMask’s new “Buy Crypto” feature enables its users to buy numerous cryptocurrencies using various payment methods, including debit or credit cards, PayPal, bank transfers, and instant ACH (Automated Clearing House). The wallet provider revealed that the service would be rolled out to users in 189 countries and will offer more than 90 tokens across eight networks, including Fantom, Celo, Ethereum, Arbitrum, BNBChain, Polygon, Optimism, and Avalanche. MetaMask users would be required to connect their wallets to the Portfolio Dapp to click on the “Buy” button in the MetaMask extension wallet to access this feature. This will allow users to select their region, payment option, the token, and the network they want to purchase on. MetaMask’s new feature works with locationAccording to MetaMask, the new feature takes into account various factors, like the user’s location and local regulations, to provide a customised payment quotation. Users are then redirected to a third-party provider’s website to complete the transaction, and the funds are deposited directly into the user’s MetaMask wallet afterward. MetaMask has been partnering with companies to make it easier for users to purchase cryptocurrencies. Last month, MetaMask partnered with MoonPay to enable direct crypto purchases in Nigeria.Also in March, MetaMask Institutional partnered with Allnodes, Blockdaemon and Kiln to launch a staking service for institutional investors. Companies and institutional investors are able to access a wide range of staking services provided by ConsenSys Staking Allnodes, Blockdaemon and Kiln.The post MetaMask introduces a new fiat purchase function for cryptocurrency appeared first on CoinJournal.

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Tokyo, Japan, April 7th, 2023, ChainwireThe Japan Virtual and Crypto Assets Exchange Association (JVCEA)’s Green List dramatically speeds up the token listing on member exchanges, accelerating adoptionAstar Network, a smart contracts platform for multichain, officially announces the listing of its native ASTR token on Huobi Japan, which has now become the third crypto exchange in Japan to list ASTR after Bitbank and GMO Coin. Following this listing, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) has registered the ASTR token on its ‘Green List.’The JVCEA, a group of 31 crypto exchanges, introduced the Green List to speed up the listing on Japanese exchanges and boost crypto adoption in Japan. Previously, the JVCEA member exchanges had to go through a sluggish screening process for listing any cryptocurrency. The assets on the Green List aren’t subject to the screening process as they have already been rigorously screened by three or more member exchanges.Sota Watanabe, Founder of Astar Network, said, “Given that Astar has a significant presence in Japan and a lot of enterprises are entering Web3 with Astar, joining the Green List is a huge step not only for us but also for Japanese companies. It makes it much faster to list ASTR on other Japanese exchanges. We continue to work with regulators to utilize ASTR in Japan faster.”The ASTR token made it to the Green List after satisfying all the four requirements of the JVCEA:Handled by 3 or more member exchangesHandled by at least one exchange for over 6 monthsCrypto assets for which the JVCEA hasn’t set any incidental conditions for its handlingOther crypto assets for which there is no reason why the Association considers it inappropriate to be included in this listOn Huobi Japan, users will be able to buy ASTR using the Japanese Yen starting April 12th. Traders and investors buying ASTR on Huobi Japan will be able to transfer the token to any supported wallet they want.Astar Network is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space. It’s also the first public blockchain from the country to be listed there despite Japan’s strict listing regulations. Astar’s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.About Astar NetworkAstar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.For more information, visit: Website | Twitter | Discord | Telegram | GitHub | RedditContactMaarten Henskens, press@astar.networkThe post Astar Network’s ASTR Token Registered on JVCEA’s ‘Green List’ After Listing on Huobi Japan appeared first on CoinJournal.

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<strong>Tokyo, Japan, April 11th, 2023, Chainwire</strong>TemDAO is a world heritage project that seeks to protect and preserve cultural assets through donations and democracy. The project, powered by the $TEM token, ensures the long-term sustainability of global cultural sites.Recently, TemDAO has made notable donations for preservation efforts in Ukraine, Turkey, and other regions worldwide. These actions aim to help communities preserve their existence and their global heritage.The team underlines the importance of recognizing the significance of preserving the world’s shared cultural history. TemDAO aims to positively impact global culture through its unique strategy and solutions.<strong>The Team’s Strategy for World Heritage and Cultural Assets Protection</strong>TemDAO has an innovative strategy for protecting world heritage and cultural assets. The project intends to empower individuals and organizations to stimulate projects that preserve these important resources.As a current initiative, the TemDAO team is working with Ninna-ji temple, one of the temples in Kyoto, Japan.There are many temples in Kyoto, but they have the problem of aging and need to be repaired or rebuilt. Ninna-ji Temple and TemDAO are working together to attempt to reconstruct the temple through donations.The project relies on transparent transactions in which all expenses are recorded on-chain, making corruption impossible and allowing for offering special utilities to collaborators who agree with their aims.The proposed utility is the right to stay in a special part of the temple. That room has an important historical significance, where an old emperor used to live. Wouldn’t it be historic to be able to stay in the same room and experience the same feelings?TemDAO is exploring the possibility of connecting the world of Buddhism at Ninna-ji Temple with the reality of their DAO to achieve sustainable protection and restoration of Ninna-ji Temple.<strong>A System Fueled by Democracy and the $TEM Token</strong>TemDAO is a platform that utilizes blockchain technology to facilitate the protection and maintenance of global heritage sites. It features two forms of democratic governance: off-chain voting, known as ‘soft’ governance, and on-chain voting.The $TEM token serves as the fuel for this system, with multiple use cases:It allows holders to lock $TEM. The operation enables the community to govern fundraising proposals and decide fund allocation.It enables the community to pay commission fees for IP-NFT trading.Staking $TEM creates a pool for fundraising and project reviews.Depositing $TEM allows users to become nodes that review projects while deterring cheating.The $TEM token distribution aims to provide incentives for all stakeholders in a democratic manner. Specifically, most of the tokens (62%) go to the ecosystem. This includes participants in World Heritage or cultural asset protection and funds for equipment and repairs.Additionally, 14% of the tokens help the team push its marketing efforts. The same quantity (14%) goes to developing the platform and its supporting services. The remaining 10% is in the hands of TemDAO stakeholders, such as the team, investors, prospective employees, and strategic partners.TemDAO’s decentralized governance mechanism preserves world history by balancing token utility and fund allocation.<strong>The Project’s Recent Donations for World Heritage Preservation</strong>The TEM project team has recently donated to several organizations to support the people and communities affected by global events. All of these donations were made from $TEM profits.In particular, they have donated funds to aid Ukraine following the Russian invasion of 2022. The team donated for relief efforts after an earthquake hit Turkey in February 2023. The team has contributed to NPOs and NGOs such as “Save the Children,” “Binance Charity,” and others through these donations.The project’s mission is to make sure that the world’s heritage is preserved and protected. In such a context, donations…

It is the first time the Bitcoin price is above $30,000 since June last year.The surge comes after a one-month consolidation around $28K.Analysts had set a support level at $25,000 and a resistance level at $30,000.Bitcoin price surged above $30,100 early Monday and has been above that level for the better part of the morning. It hit a daily high of $30,160.48 but was trading at $30,126 at press time.It is the first time since June 2022 that Bitcoin has hit $30,000, thus cementing the Bull Run that the cryptocurrency started at the beginning of the year.What pushed Bitcoin price above $30,000The BTC price has surged by more than 46% over the last few months rising to a ten-month level.Several analysts had predicted that Bitcoin would regain its $30,000 price tag as traders wait for the United States Consumer Price Index (CPI) report on April 12. The CPI is expected to give insight into the Federal Reserve’s battle against inflation.The Crypto Fear and Greed Index has remained within the “Greed” region for the last week, with the latest update putting the score at 68 out of a possible 100. The Crypto Fear and Greed Index numerically present the “emotions and sentiments” toward the cryptocurrency market and Bitcoin.The 68 Crypto Fear and Greed Index score is the highest Bitcoin has ever scored since it scored 66 on November 16, 2021, which was just days after Bitcoin hit its all-time high above $69,000.However, despite the Crypto Fear and Greed Index score being high, a majority of technical indicators still point to a strong bullish trend which points to a possible long-term bull run over the next days.The post Bitcoin surges above $30,100: here are the driving factors appeared first on CoinJournal.

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Solana price has made a strong bullish comeback in the past few days as investors focus on the great crypto comeback. SOL jumped to a high of $22.60, the highest level since March 23 of this year. It has soared by over 30% from the lowest level in March.Crypto comeback continuesIt is worth noting that Solana’s comeback has coincided with the return of the raging bull in the crypto industry. Overnight, Bitcoin surged above $30,000, as we wrote in this article.The main driving force for this crypto rally is the feeling that the Federal Reserve is about to end its hiking cycle. Analysts believe that the bank will hike interest rates by 25 basis points in May and then maintain them at an elevated level for a while.Some analysts expect that the bank will then start cutting interest rates later this year or in 2024. As a result, the change in monetary policy will send more people back to risky assets like cryptocurrencies and stocks.The other reason why Solana and other cryptocurrencies are rising is the upcoming bank earnings season that will start on Friday. Expectations are that many large banks like Bank of America and JP Morgan had a good quarter as deposits rose.However, for many regional banks, there is a likelihood that their businesses slowed after the collapse of Silicon Valley Bank and Signature Bank. During the banking crisis, we saw cryptocurrencies and gold do well as traders took them as safe havens.Meanwhile, Solana seems to be gaining traction in the past few weeks. The most recent big news was that Render Network decided to migrate to the network. This is a notable event since Render is one of the top projects in the industry. Helium, a blockchain broadband project has also moved to Solana.Solana’s DeFi ecosystem is also recovering. Its total value locked (TVL) in DeFi has risen to S14.1 million from its year-to-date low of S11.8 million.Solana price predictionMediaThe 4H chart shows that the SOL price has been in a bullish trend in the past few days. It managed to move above the important resistance at $21.66, the highest point since March 30th. The coin has jumped above the 25-period an 50-period moving averages while the MACD has jumped above the neutral point.Therefore, there is a likelihood that the coin will continue rising as buyers target the next resistance level at $25.How to buy SolanaeToroeToro 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 SOL 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 SOL with Public today Disclaimer The post Here’s why Solana price just made a bullish breakout appeared first on CoinJournal.

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Conflux price spiked 15% after Binance announced support for the CFX mainnet.The CFX outlook on the 4-hour chart shows price recently broke out of a symmetrical pattern.The RSI is trending in overbought territory, which could see CFX price fall.Conflux price is up nearly 15% today after the cryptocurrency’s massive network activity in recent weeks. The coin’s sharp gains add to a bullish outlook for a coin that experienced a parabolic increase in the value of the native CFX token.After trading to lows of $0.029 in late January following the brutal 2022 bear market, CFX price rose to top $0.47 in March. While prices have recently been sideways as the broader market waded in negative sentiment, the latest upside coincides with a major boost for the coin from crypto exchange Binance.CFX/USD is also rallying at a time the crypto market cap has jumped over 4% in the past 24 hours amid Bitcoin price breaking above $30,000. Major altcoins rallied on Tuesday as Ethereum broke above $1,900 as ETH bulls eyed the psychological $2,000 level ahead of the highly anticipated Shanghai upgrade.Why CFX price jumped 15% todayConflux is a top layer 1 blockchain platform that’s regulatory compliant in China. The platform has recently made huge steps in its development roadmap, signaling further network growth with key partnerships, including with China Telecom, DeFi protocols platform dForce, and blockchain game platform Samurai.On Tuesday, the world’s largest cryptocurrency exchange by trading volume Binance announced it would support Conflux’s mainnet integration. With the support, Binance will add deposits and withdrawals for the CFX tokens. Users can access the tokens through Conflux eSpace, Conflux Core Space and the BNB Smart Chain.CFX reacted to the Binance news with a sharp price increase. CFX price predictionConflux price recently broke out of a symmetrical triangle pattern. However, the sharp rise to the multi-week highs of $0.45, sellers appear to be returning as the 4-hour RSI suggests CFX is overbought.MediaConflux price movement on the 4-hour chart. Source: TradingViewThe 4-hour MACD indicator shows bulls remain in a strong position though and likely selling pressure as investors take profits could see CFX/USD rely on a new support level at the previous hurdle of the symmetrical triangle resistance trendline.In the short term, a bullish outlook for Conflux price will remain in place if buyers consolidate gains above $0.42. If not, then bears can target fresh moves below $0.40, with $0.36 providing the primary support level.The post Conflux price prediction: CFX outlook after 15% spike today appeared first on CoinJournal.

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Potomac Falls, United States, April 11th, 2023, ChainwireAsh Environmental DAO has announced the dates of its token sale. The event will run from April 17 to May 7, giving participants the chance to purchase the Ash token and become part of a global ecosystem committed to funding high-impact innovations to address real-world challenges.The Ash Environmental DAO is a solution platform that seeks to address global challenges such as access to financing for environmentally-friendly innovations, environmental degradation, job losses, diminishing economic development, and poverty. The Ash token is a digital asset within the Ash Environmental DAO ecosystem that is registered in the United States and aims to tackle these pressing issues through active engagement and collaboration with the global community.Born out of the need to find alternative solutions for funding high-impact initiatives, Ash is a governance token and unit of an exchange that operates as a BEP20 on BNB Smart Chain. Its creators conceived the idea as they struggled to commercialize innovations for coal ash recycling and greenhouse gas emissions capture. They faced numerous hurdles in raising capital and encountered stakeholders who dismissed their passion for environmental improvement and local, regional, national and global economic development initiatives.The Ash team is driven by the belief that the environmental challenges faced by today’s generation must inspire a collective desire to make a lasting difference. They invite the global community to join them in their journey by offering encouragement, support, and active participation.Visit www.ashtoken.io to join the Ash team as they strive to restore the health of the global environment while creating jobs or email the team directly at: staff@ashtoken.ioAbout Ash TokenAsh Token avails to the global community, a platform that has the demonstrated ability to foster environmental accountability, business and project financing and job creation. It is a project that has true utility and purpose and which stands to readily translate the benefits of blockchain to the ordinary person. The Ash Token additionally serves as a common platform around which, the global community can rally to deal with the pressing environmental and economic challenges of our time.ContactCEO, Ato Andoh, Ash Environmental DAO/Ash Token, staff@ashtoken.ioThe post Ash Environmental DAO Announces Ash Token Sale to Champion Social Good appeared first on CoinJournal.

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AltSignals has announced a presale for the utility token ASI that unlocks next-gen AI trading insightsThe popular platform has more than 52,000 users and boasts incredible reviewsThe ASI presale looks set to be one of the best investment opportunities of 2023The crypto world seems to have found a favored method to exchange ideas, having chosen instant messenger service Telegram for its communication needs. It often means that the earliest chance to spot top-notch crypto presale opportunities is across the application.Investors paying attention are currently witnessing the wave of excitement rippling across Telegram due to the upcoming AltSignals crypto presale announcement. Many within the space see the presale as a rare opportunity to glean huge profits thanks to the project’s strong proposition and important ability to leverage its huge community of users. AltSignals boasts more than 50,000 crypto traders among its user base and has built its extensive community on the strength of its product offerings. This established base, alongside a heavily discounted presale on a token backed by a hugely successful product, are solid reasons contributing to the excitement, with ASI in future enabling access to ActualizeAI — the next evolution in premium signals.What is AltSignals?<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_investmentopportunity&utm_content=as_members_launch&utm_id=93">AltSignals</a> has built its reputation on providing extremely high-quality trading signals across daily crypto trades, Binance futures, Forex, CFD and shares. Perhaps the clearest indicator of just how strongly its customer base values the user experience is AltSignals’ Trustpilot rating, with over 500 ‘Excellent’ ratings and an overall rating of 4.9/5.Having built up a devoted community of more than 50,000 users since its launch in 2017, AltSignals has established itself as a leader in helping all levels of traders make profits every day with incredible results thanks to guidance from the platform.AltSignals is building an indicator tool known as ActualizeAI, which will be using advanced AI leveraging natural language processing and sentiment analysis to constantly scan the markets to find machine-learning-driven trading opportunities. These can then be communicated as rapidly as possible to traders, giving them a vital edge on the competition and allowing them to maximize their profits as a result.The signal success rates speak for themselves, with AltSignals technology delivering a 70-83% success rate on ETH and BTC trades. This success rate is critical proof explaining the huge popularity of the platform and means that the ASI presale is likely destined for similar success.How does AltSignals work? AltSignals leverages both fundamental analysis and technical analysis in order to provide a complete data set to the advanced algorithms used to identify trades. With the addition of machine learning, its pattern recognition will be virtually unrivaled, helping drive the massive successes seen to date.The current technology, AltAlgo™, has provided incredible results for traders and has solidified the position of AltSignals as a market leader in profit-maximizing trading signals across a range of different markets. This has enabled countless traders to beat the competition and get the most out of their trades.This proven technology has served more than 3,700 crucial signals to traders, and with learning materials and coaching to support traders of all levels, AltSignals may be one of the largest collaborations of accomplished crypto traders out there — hence the excitement for the next stage of product development.The ASI presale also marks the launch of the ActualizeAI Club, where token holders can use their ASI tokens to sign up to receive exclusive beta access to all new releases. Offering a valuable outlet, the group serves to keep savvy traders ahead of the markets. Joining and participating in the group also provides users with…

Key TakeawaysBitcoin has broken $30,000 for the first time since June 2022Volatility is also at its highest point since JuneLiquidity is the lowest it has been all year, meaning less is needed to move Bitcoin up (and down)45% of stablecoins have fled exchanges in last four months, with market depth has not recovered from Alameda bankruptcy in NovemberInterest rate forecasts have flipped, providing positive impetus as market bets tight monetary policy is coming to an endLow liquidity and positive interest rate expectations have kicked Bitcoin up past $30KWeek ahead brings data on inflation, Fed minutes and earnings, and Bitcoin could move violently again depending on how it shakes outThrow a mask on and stay beyond a 2-metre radius, because it feels like 2021 again. At least, looking at the cryptocurrency market, that is. <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> has turned back the years to rally to its highest price since last summer, despite the economy feeling like it’s falling down all around us. $30,000 has officially been breached. Not only is the price at its highest point in ten months, but the volatility and profits have also ramped up to the highest points since before the house of cards all came down, while the supply on the market is dwindling.But why? And will all this continue or will Bitcoin fall back down to Earth? Let’s dig into the data to see if there is an answer. PriceFirst, what makes the headlines pop: the price.  Bitcoin breached $30,000 Monday evening for the first time since June 2022. To refresh the memory, that was the week of the Celsius crash, the crypto lender announcing on June 12th 2022 that it was suspending withdrawals, having been caught up in the LUNA contagion. Billions of customer assets were locked, and the Bitcoin price spiralled downwards, dropping below $30,000, and then $20,000, in the days afterwards. Monday was the first time it has taken back the $30,000 mark. The key to this resurgence? Interest rate forecasts, primarily (but not just interest rates…as we will get into in the next section). The forecast of the future path of interest rates has completely flipped in the last month or so, providing impetus for this leg up in Bitcoin as the market bets that we are finally ready to pivot off the aggressive hiking of rates that has been ongoing since last April. Last year’s transition to a new paradigm of tight monetary policy signalled an abrupt end to the decade-long bull market across financial markets, pulling risk assets down in price across the board. Crypto didn’t help its case with several scandals along the way – LUNA, Celsius and FTX to name a few – but the macro conditions have certainly not been kind either, with the Nasdaq shedding a third of its value last year, its worst return since 2008. But following the banking collapse, the market is betting that the Fed simply cannot continue with the interest rate forecasts going forward. The below chart shows interest rate expectations for the July meeting – the right side shows the forecast from six weeks ago, which has completely flipped compared to the forecast today (purple bars on the left). Volatility But it’s not just the price that is rising. Volatility is also at its highest point since it picked up following the collapse of Celsius last June. The below chart shows this, and then we will see why this is not a coincidence that it is coinciding with a relentless price rise. The elevated volatility is a direct consequence of the liquidity being so low. I crafted together a deep dive on this <a href="https://coinjournal.net/news/45-of-stablecoin-balance-has-left-crypto-exchanges-in-4-months-but-where-has-all-the-money-gone-a-deep-dive/">two weeks ago</a>, but liquidity in cryptocurrency markets is as low as it has been all year. 45% of the stablecoin balance on exchanges has fled in the last four months, with the resultant balance the lowest since October 2021. This is matched by market depth dropping down too, yet to recover from the evaporation of Alameda…