Injective Protocol’s token has been one of the best performers this year.Oscillators like the RSI and Stochastic have become extremely overbought.INJ, Injective Protocol’s native token, has continued soaring in the past few months as demand for the <a href="https://coinjournal.net/learn/what-is-defi/">DeFi</a>-focused network jumped. The token rose to a high of $9.67, the highest point since February 7 of this year. In all, the token has jumped by more than 736% from the lowest level in December. Why is Injective Protocol is soaringInjective Protocol is a fast-growing platform that aims to change the finance industry. It is one of the few protocols that is designed to disrupt the financial sector. It does this by creating a platform where developers can build quality dApps in the financial industry. The platform has low transaction costs and faster speeds.There are several reasons why the INJ crypto price has been in a strong bullish trend. First, the developers are now running a hackathon that is seeing tens of developers submit their projects. Winners will receive both funding and mentorship from a team of experienced venture capital firms.The other important Injective news is that it will now be possible to liquid stake INJ tokens. Liquid staking is a technology that makes it possible for people to stake their tokens in an easy and decentralized manner. With liquid staking, users can withdraw their tokens before the maturity period. This staking is being made possible by Stride, a leading <a href="https://coinjournal.net/lido-dao/">Lido DAO</a> alternative for the Cosmos ecosystem. It has over $25 million in total value locked (TVL).The vote of liquid staking has <a href="https://www.mintscan.io/injective/proposals/220">attracted</a> 57% of token holders, with more than 99% of voters being in the affirmative. Injective has an APY of 16.2% this year while the number of bonded tokens has risen to over 35.2 million tokens.The most recent INJ news was a new proposal that will help it amplify liquid staking by incentivizing stINJ pool on Astroport.<a href="https://twitter.com/AltcoinPsycho/status/1647664708256690177">https://twitter.com/AltcoinPsycho/status/1647664708256690177</a>INJ price prediction<a href="https://media.igms.io/2023/03/17/1681735480460-81ebe1bc-56f2-4643-93e6-37c7c8aca454.png">Media</a>The daily chart shows that the INJ price has been in a strong bullish trend in the past few months. As it rose, the token managed to move above the key psychological levels of $8, $6, and $5. It has also jumped above all moving averages.However, oscillators show that the token has become extremely overbought. Therefore, at this stage, a risk/reward analysis mean that it is a bit risky to invest in the token for now. As a result, there is a likelihood that it will pull back and retest the key support level at $4.91, which is about 46% below the current level.How to buy InjectiveKuCoinKucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.<a href="/visit/kucoin-crypto?guid=MTM2OTE5&component=simple-table&language=en&country=US&state=VA&position=1&totalPositions=2">Buy INJ with KuCoin today</a>WazirxWazirX is India's largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of the binance group, serving users in 180 countries.<a href="/visit/wazirx-crypto?guid=MTM2OTE5&component=simple-table&language=en&country=US&state=VA&position=2&totalPositions=2">Buy INJ with Wazirx today</a>The post <a href="https://coinjournal.net/news/heres-why-inj-price-has-soared-and-why-it-could-dip-by-46/">Here’s why INJ price has soared and why it could dip by 46%</a> appeared first on <a href="https://coinjournal.net">CoinJournal</a>.

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At press time, the price of Kyber Network Crystal v2 (KNC) had dropped 2.26% today.Kyber’s Elastic product’s TVL has plunged to $61 million yesterday.Kyber Network has advised liquidity providers to withdraw fundsThe Kyber Network Crystal v2 (KNC) took a hit today after Decentralized finance (DeFi) Kyber Network advised its liquidity providers to withdraw funds citing market vulnerability. The token had dropped by more than 2% at the time of writing.The protocol advised its KyberSwap Elastic product liquidity providers to withdraw funds after finding a potential vulnerability. Kyber confirmed the potential vulnerability via a tweet although it noted that no product has been affected and no funds have been lost so far.KyberSwap Elastic TVL dropsOn Sunday, Kyber Network’s KyberSwap Elastic product had $108 million in total value locked (TVL). However, that figure had dropped to about $30.88 million on Monday according to DefiLlama.The news comes at a time when vulnerabilities and exploits have become rife across the DeFi space. The most recent hack includes the $196 million Euler Finance hack, the $23 million Bitrue exchange hack, and the recent Yearn Finance hack.In 2022, Kyber Network was also hit with a $265,000 exploit.The post Kyber Network price dips after withdrawal alert appeared first on CoinJournal.

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The Securities and Exchange Commission (SEC) has sued Bittrex and a former CEO over the exchange’s offering of unregistered securities.SEC’s complaint alleges the platform offered securities in tokens such as DASH, OMG and ALGO.Bitcoin and crypto dipped on Monday after the news, with BTC price breaking below $30,000.The Securities and Exchange Commission (SEC) has sued Bittrex, one of the world’s largest and oldest cryptocurrency exchanges. In charges announced on Monday, the SEC said it had also sued Bittrex co-founder and ex-CEO William Shihara and highlighted various tokens it claims are securities, including Dash.SEC filed the complaint in the US District Court for the Western District of Washington.The cryptocurrency market was trading lower on Monday morning following the Bittrex news, with Bitcoin price dipping below $30,000. Ethereum price was just above $2,080 at the time of writing, with the total crypto market cap down 2.9% to $1.3 trillion. SEC charges Bittrex for operating unregistered exchangeThe SEC says in its complaint that Bittrex has operated illegally, offering securities to users since 2014 yet it hadn’t properly registered.  Specifically, the US watchdog holds that Bittrex is an unregistered securities exchange, broker, and clearing agency.The charges are also against Bittrex’s foreign affiliate, Bittrex Global GmbH. The entities failed to register their exchange operation, which shared an order book.“Bittrex and Bittrex Global should have registered as an exchange because they brought together, using a shared order book, the orders for securities of multiple buyers and sellers using established, non-discretionary methods under which such orders interacted, and the buyers and sellers entering such orders agreed to the terms of a trade,” the regulator said in a press release.Assets named as securities in the complaint include Dash (DASH), OMG Network (OMG), Algorand (ALGO), TokenCard (TKN). The regulator also highlighted MANA as one of the “securities” listed for trading on the exchange.News of the SEC’s lawsuit against Bittrex comes days after the agency issued Coinbase with a Wells Notice and is part of a growing list of cases against crypto companies. Other platforms that have faced charges or settled with the regulator in 2023 include Kraken, Gemini and CoinEx.The post SEC sues crypto exchange Bittrex and its ex-CEO appeared first on CoinJournal.

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The new decentralized exchange will offer peer-to-peer cross-chain swaps.The DEX will not depend on any intermediaries.The exchange combines privacy, resilience, and cross-chain compatibility.Sovereignty and privacy maximizing currency Decred (DCR/USD) has today launched the latest version of its decentralized exchange.The new version of decentralized exchange DCRDEX 0.6 will use a combination of privacy, resilience, and cross-chain compatibility to offer direct peer-to-peer cross-chain swaps without any kind of intermediaries, solving key problems around privacy and security. This makes it the first exchange to offer direct P2P swaps without using intermediaries.New features introduced on DCRDEX 0.6The most prominent new feature on DCRDEX 0.6 is the introduction of USDC and Ethereum. Users will have access to direct layer 1 atomic swaps without the need for an intermediary, utility token, or third-party arbitration.When swapping from an asset like BTC, the funds are locked in a native contract of the user’s creation that is never spendable by a third party, only the swap participants.In addition, the DEX offers P2P swaps between Ethereum and other layer 1 chains like Decred and Bitcoin among others without the use of centralized pools or crypto wallets.All the features on DCRDEX 0.6 ensure users maintain full custody of their funds throughout the swapping process.The new version of the exchange also introduces native wallets for Bitcoin Cash and Litecoin. Just like the Bitcoin and Decred wallets previously available on the exchange, the two newly added wallets are built on the privacy-preserving light wallet technology introduced by BIP157/158 and transact directly on P2P networks, providing a high level of privacy and security while keeping the system requirements and sync times reasonable.The DCRDEX 0.6 also eliminates the previous one-time registration fee and replaced it with time-locked fidelity bonds. Instead of completely parting with some funds when registering, users will now lock up funds on-chain for a certain amount of time after which the bond expires and the user redeems it.The post Decred launches DCRDEX 0.6, the latest version of its decentralized exchange appeared first on CoinJournal.

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Dash price outlook after SEC lists tokens as securities in complaint against Bittrex.DASH/USD traded nearly 6% lower on Monday, with the 24 hour losses coming after the SEC news.Cryptocurrencies were also down after Bitcoin and Ethereum retreated from recent highs.The prices of Dash (DASH) and Algorand (ALGO) traded lower as the SEC’s complaint against cryptocurrency exchange Bittrex listed the tokens among others as securities.DASH price was down 5.8% on Monday afternoon (around 1:15 pm ET) as it traded near $58.19.Dash price outlook- why is DASH down?As CoinJournal reported earlier, the SEC claims that Dash, Algorand, OMG Network, TokenCard and Naga investors had reason to expect profits for their investment. As such, the tokens should have been registered as securities. The regulator has charged Bittrex and its former CEO William Shihara for violating US securities laws.Amid recent buy pressure, DASH/USD had traded from lows of $54 on 12 April to hit highs of $62. It was the token’s highest price since 24 March 2023 when it traded above $63,However, with news of the SEC’s complaint against Bittrex, Dash has retreated from intraday peaks. The dip sees DASH down more than 96% from its all-time high of $1,493 reached in 2017. During the last bull market, the price of Dash rose to $444.The DASH market today did not just suffer from the news from the SEC. Earlier in the day, the broader crypto market had shed some of recently accumulated gains as a correction materialized. This after Bitcoin retreated from its recent pump to above $31,000 and altcoins that had briefly thrived in the wake of Ethereum’s breakout to above $2,100 also cooled off.While the view is bullish, Bitcoin price prediction suggests a retest of $28,800 as support is possible. In that case, a further dip for DASH could happen and see the price of the privacy-centric token head towards $54. The Dash daily RSI indicator is dipping downwards near the 50 mark, while the MACD is showing weakness after last week’s strong move.The post Dash price prediction: Here’s why DASH is down today appeared first on CoinJournal.

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CME group says demand from clients has increased amid the heightened market volatility.The marketplace plans to expand expiries for its standard and micro-sized BTC and Ether options contracts.Approval would see the derivatives platform make the changes on 22 May, 2023.Derivatives marketplace CME Group is seeking to expand its options expiries for Bitcoin and Ethereum, according to an announcement published today, 17 April 2023.The platform, which says the plans are subject to regulatory approval, indicates that the plan is to have its suite of crypto options for BTC and ETH contracts expiries be available every business week day – Monday to Friday.Currently, expiries for micro-sized options on the two crypto futures are available on Monday, Wednesday and Friday. The CME also offers monthly and quarterly expiries for BTC and ETH options on its futures contracts.If approved, the company will look to have the new expiries available beginning 22 May.Client demand for BTC and ETH productsGiovanni Vicioso, CME Group Global Head of Cryptocurrency Products said the goal is to have market participants access options contracts that offer “greater precision and versatility” for managing short-term Bitcoin and Ethereum price risk.“Against a backdrop of heightened market volatility in the digital asset sector, we continue to see clients turn to a trusted, regulated venue like CME Group for reliable and efficient cryptocurrency risk management products,” Vicioso added.CME Group has seen an increase in demand for Bitcoin and Ethereum futures and options. The top two assets by market cap are also the two best cryptocurrencies for crypto derivatives trading. The bitcoin’s numbers in Q1, 2023 for CME achieved a notional of over $3 billion, a record in terms of daily average. The marketplace also saw a record BTC options contracts of 2,357 traded on 22 March 22. Open interest rose to an all-time high of 14,700 contracts on 31 March and could soar further amid a long-term bullish Bitcoin price prediction, particularly going into the next halving.The all-time high for Ether options contracts was 311 on 22 February, while OI hit a record 1,800 contracts on 24 March.The post CME to expand Bitcoin and Ether options expiries in May appeared first on CoinJournal.

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Bitcoin price has dropped below $30,000 to currently trade near $29,480.Crypto analyst Rekt Capital says BTC price could retest $28,800 and establish it as a major support area.BTC price bounced above $31,000 last week, having struggled to break past the anticipated buffer zone.Bitcoin is trading around $29,479, about 3% down in the past 24 hours and now just 4% up in the past seven days. After trading to highs above $3,100 and then retreating to current levels, the market might have to brace for a retest of $28,800.That’s today’s Bitcoin price prediction as shared by crypto analyst Rekt Capital.  Bitcoin price at key area, with possible dip to $28,800Following a retracement to lows of $15,500 in the aftermath of the FTX debacle market rout, Bitcoin price saw a decent flip in 2023. An upswing off the post-death cross retracement of the bear market saw BTC recover more than 80%.According to Rekt Capital, the rally to $30,000 area had BTC trending at an area that has previously acted as a stubborn resistance as well as support zone on the monthly chart. Bulls managed to breach the supply wall last week, but the $28,800 was equally resolute and despite a decent weekly close above the zone, a fresh dip to the level is likely.Such a retest might be what buyers need to solidify it as a demand reload area. Rekt says a successful retest of the level could reenergize bulls for another upward move.#BTC enjoys a solid Weekly Close above ~$28800 support (orange)If this current dip is to get deeper, it would be entirely healthy for $BTC to retest ~28800After all, that level was a multi-week resistance and now may have the chance to become support#Crypto #Bitcoin https://t.co/ZUMHMa7ukR pic.twitter.com/PCAzaIkAvV— Rekt Capital (@rektcapital) April 17, 2023The post Bitcoin price prediction: Analyst says BTC is poised for a retest of $28,800 appeared first on CoinJournal.

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Bitcoin mining stocks declined in line with the bitcoin price today.U.S. dollar strength pushed BTC under $30,000 again on Monday.DXY climbed today on the back of Empire State Manufacturing data.Shares of the bitcoin mining companies ended down on Monday as “BTC” – the asset they mine and hold returned to the sub $30,000 level again.Why did the bitcoin price slip today?One of the primary reasons behind weakness in the bitcoin price today was the U.S. Dollar Index that moved to the upside. BTC tends to be inversely related to the USD since it was created as a substitute for fiat currencies.That leaves us to wonder why did the U.S. dollar gain strength on Monday in the first place? The answer lies in Empire State Manufacturing data that confirmed factory activity in New York clawed back in April for the first time since late last year.A few of the notable bitcoin mining stocks that closed in the red today include Riot Platforms, Bitfarms, and Hut 8 Mining Corp.Is bitcoin still in a bear market?Now, let’s look at it in another way. Simply put, the monthly business activity survey suggests the U.S. economy is keeping resilient in the face of the Fed’s aggressive rate hikes.That creates at least some room for the central bank to lift rates further to tame inflation which was still at 5.0% in March. It’s significant because the world’s largest cryptocurrency performed poorly last year amidst rising interest rates.Nonetheless, there’s reason to not read too much into the drop in BTC today, including the recent bank failures that could make the Federal Reserve revisit its hawkish stance. According to FxPro analyst Alex Kuptsikevich:Technically, bitcoin has already proven the end of the bear market by securing above key moving averages and steadily retreating from the bottom.The post Why did bitcoin mining stocks end down on Monday? appeared first on CoinJournal.

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Bitcoin mining stocks declined in line with the bitcoin price today.U.S. dollar strength pushed BTC under $30,000 again on Monday.DXY climbed today on the back of Empire State Manufacturing data.Shares of the bitcoin mining companies ended down on Monday as “BTC” – the asset they mine and hold returned to the sub $30,000 level again.Why did the bitcoin price slip today?One of the primary reasons behind weakness in the bitcoin price today was the U.S. Dollar Index that moved to the upside. BTC tends to be inversely related to the USD since it was created as a substitute for fiat currencies.That leaves us to wonder why did the U.S. dollar gain strength on Monday in the first place? The answer lies in Empire State Manufacturing data that confirmed factory activity in New York clawed back in April for the first time since late last year.A few of the notable bitcoin mining stocks that closed in the red today include Riot Platforms, Bitfarms, and Hut 8 Mining Corp.Is bitcoin still in a bear market?Now, let’s look at it in another way. Simply put, the monthly business activity survey suggests the U.S. economy is keeping resilient in the face of the Fed’s aggressive rate hikes.That creates at least some room for the central bank to lift rates further to tame inflation which was still at 5.0% in March. It’s significant because the world’s largest cryptocurrency performed poorly last year amidst rising interest rates.Nonetheless, there’s reason to not read too much into the drop in BTC today, including the recent bank failures that could make the Federal Reserve revisit its hawkish stance. According to FxPro analyst Alex Kuptsikevich:Technically, bitcoin has already proven the end of the bear market by securing above key moving averages and steadily retreating from the bottom.The post Why did bitcoin mining stocks end down on Monday? appeared first on CoinJournal.

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Key TakeawaysTether opened the year at a market cap of $66.2 billion, but has grown 22% to $81 billionCircleUSD has moved the opposite way, losing 21% of its market capTether’s share of the stablecoin space is up to 61.5%, its highest mark in two yearsCollapse of TerraUSD in May 2022 and shutdown of BinanceUSD in February have increased concentration in the stablecoin marketCircleUSD is struggling amid regulatory concerns in US and fallout from banking chaos, when it had 8.25% of its reserves in Silicon Valley BankGrowth in market share for Tether should only increase, but concerns persist over reserves underlying the stablecoinCentralisation of wealth is a massive stress point for entire crypto industry, whose grasp on the concept of decentralisation continues to slipLast October, I published a <a href="https://coinjournal.net/news/the-stablecoin-war-a-deep-dive/">deep dive</a> into the stablecoin wars.  Things have changed a lot since then. A few weeks after, in November, <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">FTX collapsed</a>, sending the entire crypto market bananas, capital flowing out of the space en masse. Then in February, the world’s third biggest stablecoin, BinanceUSD, was shut down by regulators (deep dive on that <a href="https://coinjournal.net/news/what-does-busd-shutting-down-mean-for-the-crypto-industry-a-deep-dive/">here</a>). Finally, in March, the world’s second-biggest stablecoin, Circle USD, depegged to 88 cents amid the banking chaos, before its peg was restored after the US administration guaranteed bank deposits at the fallen Silicon Valley Bank. Against all odds, the stablecoin with perhaps the most controversial status, Tether, has been the one with the least drama. Hit “play timeline” on the below chart to see the movements of the entire stablecoin market over the last two years – and the growth of Tether. TerraUSD and BinanceUSD fallThe below is the previous chart plotted out in static form. We can immediately see a few massive developments. The first is in May 2022, the well-covered collapse of TerraUSD, the LUNA ecosystem going down in flames as its uncollateralised stablecoin model was found to be flawed. The second is the BUSD’s shutdown in February 2023, less pernicious to the market and a more gradual decline than UST (thankfully, say crypto investors). Its market cap is currently at $6.2 billion, down from $17.5 billion two months ago, an evaporation of two-thirds of the supply, the final third likely to follow before long. The below chart presents the situation clearer, as it displays the market caps of each stablecoin post-UST collapse. Circle drops off and Tether growsThe cases of BinanceUSD and DAI are obvious. The former will trickle to zero as a result of regulators outlawing the minting of new supply, the Binance-branded stablecoin gradually coming out of circulation. As for DAI, it has issues scaling because of its overcollaterisation model (requiring users to lock up extra capital due to the volatility of the underlying crypto) meaning that it is unlikely ever to make much noise under its current makeup. It is not surprising that it has lost a bit of capital, but not really done anything of note. The intrigue comes in analysing CircleUSD (USDC) and Tether. More specifically, how they have acted in the last four months. The duo have moved in completely opposite directions in 2023. USDC opened the year with a market cap of $44.1 billion. Today, the number is $31.6 billion, a fall of 21%. Tether, on the other hand, opened 2023 with a market cap of $66.2 billion and is now sitting at $81 billion, an uptick of 22%.But why? Well, USDC is struggling for two glaring reasons. The first is that it had 8.25% of its reserves in Silicon Valley Bank. As the bank was collapsing, USDC depegged to 88 cents as the market panicked. While deposits were since guaranteed, the stablecoin has not recovered its market cap. The second is regulation. USDC is based in the US, where regulators have been moving in hard thus…

Key takeawaysCoinbase’s CEO has revealed that the crypto exchange could relocate if there is no regulatory clarity in the United States.Brian Armstrong said the US has the potential to be an important market for crypto.Coinbase was recently issued a Wells Notice by the United States SEC.Coinbase could relocate its headquartersBrian Armstrong, the CEO of Coinbase, has revealed that the cryptocurrency exchange would consider relocating its headquarters from the United States if the regulatory uncertainty continues.He mentioned this while speaking at Fintech Week in London. According to Armstrong, the regulatory environment in the US remains unclear at the moment, and this is affecting the crypto ecosystem there. Former U.K. Chancellor George Osbourne asked whether he could see Coinbase leaving the U.S, and Armstrong said;“Anything is on the table, including relocating or whatever is necessary. I think the U.S. has the potential to be an important market for crypto, but right now, we are not seeing the regulatory clarity that we need. I think in a number of years, if we don’t see that regulatory clarity emerges in the U.S., we may have to consider investing more elsewhere in the world.”UK’s regulatory atmosphere is clearerArmstrong praised the regulatory efforts in the United Kingdom, highlighting the fact that the Financial Conduct Authority (FCA) is the only regulatory agency tasked with handling securities and commodities.However, in the United States, the Commodity Futures Trading Commission (CFTC) handles commodities, while the Securities and Exchange Commission (SEC) regulates securities. Armstrong added that;“You don’t have this unfortunate thing happening where the CFTC and the SEC are having a turf battle. We actually have contradictory statements from the heads of the CFTC and the SEC coming out almost every few weeks – how’s a business going to operate in that environment? We just want a clear rulebook.”Armstrong’s comments barely a month after Coinbase received a Wells Notice from the SEC. The Wells Notice warned Coinbase of looming regulatory action for listing unregistered securities on its platform. The CEO commented that Coinbase is not entirely surprised by the SEC’s actions. The post Coinbase could relocate from the US if no regulatory clarity, says CEO appeared first on CoinJournal.

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Gala token jumped sharply on Tuesday after the developers announced a plan of a new airdrop. The token jumped to a high of $0.048, the highest level since March 19th. It has soared by more than 216% from the lowest level in January this year.Gala airdrop upcomingThe main reason why GALA price jumped sharply is that the developers announced plans to launch an airdrop of the second version of the token. This airdrop will happen on a 1:1 basis to holders of the current version of the GALA token.In a blog post, the developers explained the reason for this airdrop. They said that the token will be part of its upgrade of the broader ecosystem as it adopts to the Gala smart contracts on Ethereum. Some of the features of the new token are that it will be secure and more user-friendly. It will also introduce a burn mechanism. By introducing burning, the developers hope to reduce the overall volume of the tokens and create more value for holders. As part of this transition, the developers cautioned GALA holders that they must remove their tokens from liquidity pools or smart contracts before May 15th. The statement said:“We envision a bright future for $GALA and the projects that will be built upon it. This new era for our GALA paves the way for a prosperous and thriving ecosystem that benefits all participants.”Gala Games is one of the leading players in the blockchain industry. It is a gaming, metaverse, and non-fungible token (NFT) platform. Its primary service is that it enables developers to build and deploy games, which users can play in the ecosystem.Gala Games is also working to launch its own smart chain, known as GalaChain, which will be more secure, faster, and cheaper.Gala price predictionMediaThe daily chart shows that the GALA token has been in a strong bullish trend in the past few days. It has jumped above the 25-day and 50-day moving averages. It also retested the key resistance point at $0.048, the highest point on March 18.Therefore, there is a likelihood that the token will continue rising as buyers target the next key resistance point at $0.062, the highest point on January 27. A drop below the support at $0.043 will invalidate the bullish view.How to buy GALA tokeneToroeToro 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 GALA 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 GALA with Binance.US todayThe post Gala token jumps as focus shifts to the upcoming V2 airdrop appeared first on CoinJournal.

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Radix price was up 40% in 24 hours and 118% over the past week as trading volume jumped 155%.Gains for XRD come as the layer-1 blockchain announced the date of an upcoming major upgrade.XRD has broken into the top 50 cryptocurrencies by market cap with $1.16 billion as Bitcoin price looks to retake the $30k level.The price of Radix (XRD) is up 40% in the past 24 hours after massive buying pressure pushed it past the psychological $0.10 mark early Tuesday. Radix is outperforming the top coins across the daily, weekly and monthly charts even as Bitcoin price looks to reclaim $30,000 and Ethereum moves above $2,100.XRD tokens have seen a 155% jump in daily trading volume in the last 24 hours, a scenario that comes from the recent spike in market activity for the cryptocurrency. The price gains have seen XRD break into the top 50 cryptocurrencies by market ranking. CoinGecko data shows Radix currently ranks 48th on the list, with $1.16 billion in market cap.Radix up after Babylon upgrade date announcementAs the cryptocurrency market teeters on the verge of a new bull market, it’s no doubt Radix has seen renewed bullish momentum. However, most of the buying pressure for XRD is down to the hype around its upcoming developments.Radix is a layer-1 blockchain network built to offer truly decentralised and scalable DeFi access. In the past few days, the XRD price has surged after news of its upcoming smart contracts integration. The network will also soon add full atomic composability, with support for sharding.Babylon upgrade date confirmed: July 31st 2023.The upgrade from Olympia to Babylon will pave the way for global Web3 & DeFi to finally exit the “tech demo” stage with a mainstream-capable user and developer experience.Read more: https://t.co/XSRWWoLobE— Radix – Radically Different DeFi (@radixdlt) April 11, 2023The highly anticipated network growth will be part of the Babylon upgrade, whose launch date was recently confirmed for 31st July 2023. According to Radix, the upgrade is expected to pave the way for mainstream adoption of Web3 and DeFi on Radix. Currently, the features are only available in “tech demo,”Radix price outlookThe positive sentiment has benefitted Radix bulls. Having struggled to break past resistance around $0.08 last week, XRD/USD exploded to an intraday high above $0.12 on early Tuesday.With a 24-hour trading volume of over $16.9 million and price gain of over 118% in the past 7 days, Radix appears all set for a major swing in coming days. The bullish perspective has the daily RSI and MACD strengthening.  MediaChart showing Radix (XRD) price. Source: TradingView Although there’s been a brief lull in buying that had XRD price retreat towards $0.11, the immediate outlook suggests a pump to March 2022 highs of $0.16 could be the next step.The long-term Radix price prediction has the XRD token trading higher in the next bull market and beyond. However , for the immediate outlook, the area around $0.074 and $0.061 provides the primary demand zone.The post Radix price skyrockets 40% as XRD breaks above psychological level appeared first on CoinJournal.

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VORJ is Vechain’s ‘Web3-as-a-Service’ Platform.Vechain aims to build solutions that solve obstacles impeding the mass adoption of blockchain technology.At press time, the VET token was trading at $0.02636, up 4.13%.The price of Vechain (VET) has jumped by more than 4% hours after VeChain announced the launch Of VORJ, its ‘Web3-as-a-Service’ Platform — Blockchain Made Easy.Since its launch, Vechain has been focusing on building solutions that solve the obstacles that hinder the adoption of blockchain technology. VORJ is one of the important solutions that Vechain has launched.The VORJ platformThe VORJ platform almost entirely summarizes the blockchain development process thus opening up Web3 building to the masses without having to be a technical guru. It is a no-code Web3-as-a-service platform that allows anyone to create, deploy, and interact with smart contracts on the VeChainThor blockchain.Users will not need to understand solidity to start deploying digital assets on the VechainThor blockchain.VORJ combines familiar Web2 user experience with the ability to create Web digital assets in a few clicks. Users don’t need to even manage crypto assets to pay for the transaction fees. Fees on VORJ are taken care of by VORJ itself; which is quite a huge step in eliminating a key barrier to Web3 entry.EVM compatibilityVeChainThor blockchain is an Ethereum Virtual Machine (EVM) compatible blockchain making VORJ offer secure and battle-tested OpenZeppelin smart contracts, which is considered the industry standard.Furthermore, VORJ offers the creation of fungible ERC-20 contracts or non-fungible tokens (NFT) ERC-721 contracts on the VORJ frontend while the VORJ Application Programmable Interface (API) offers users a wider selection of token standards.In addition, VORJ seamlessly integrates with existing VechainThor projects.The post Vechain price rising after the launch Of VORJ appeared first on CoinJournal.

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Bitget’s strategic partnership with Core DAO targets projects on the Core network.The collaboration includes a $200 milion fund also backed by MEXC.Core recently integrated with blockchain messaging protocol LayerZero.Bitget, a leading crypto derivatives trading platform and Core DAO, the organization that’s developing the Satoshi Plus ecosystem, have announced a strategic partnership to support the development of decentralised applications (dApps) on Core network’s Layer-1 blockchain.Fund to support projects on Core networkAccording to a news release from Bitget, the collaboration with Core DAO involves an ecosystem fund worth $200 million. The fund is backed by other strategic partners, including global crypto exchange MEXC and will see early stage projects on Core receive support across product research and development, marketing, recruitment of talent and community-building programs.Bitget will also list Core projects and open a new Core Trading Zone on the derivatives platform and its integrated BitKeep wallet. The platform will also support CORE staking and become a validator on Core.Core DAO’s ecosystem fund will offer a grants strategy for projects where funds will be available when developers hit agreed-upon benchmarks. According to Bitget, the community will have to see tangible value before the projects get funding.News of Core DAO’s partnership with Bitget is a big boost for Core, whose mainnet launch happened recently and saw a CORE tokens airdrop benefit roughly 2 million users. The growth trajectory for Core DAO also includes key integrations with LayerZero, a cross-chain messaging protocol. The network is also collaborating with Switchboard, a permissionless Oracle protocol.In the market, Core (CORE) price rose after the news, trading to intraday highs of $1.70, while Bitget Token was down 1%. Meanwhile, the crypto market had climbed 2% to $1.34 trillion as Bitcoin bounced above $30k amid a price uptick for cryptocurrencies.The post Bitget and Core DAO launch $200 million ecosystem fund appeared first on CoinJournal.

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Cardano TVL increased 172% QoQ, from $50.8 million in Q4, 2022 to $138.3 million in Q1.Indigo and Djed stablecoins catalysed overall growth in Cardano’s TVL, with 72% and 27% volume spike respectively.ADA price also rose in Q1, rising by 54% amid a broader bull rally for cryptocurrencies.<a href="https://coinjournal.net/cardano/">Cardano</a>, currently the seventh-largest crypto network by market cap, had a significantly positive first three months of the year.Insights for the <a href="https://coinjournal.net/news/tag/cardano/">Cardano ecosystem</a> for Q1 that crypto market research platform Messari shared on Tuesday shows that the proof-of-stake blockchain network recorded significant increases in both financial and ecosystem metrics over the quarter.In particular, Messari says in its State of Cardano Q1 2023 <a href="https://messari.io/report/state-of-cardano-q1-2023">report</a> that the ADA network’s market cap and total value locked (TVL) in <a href="https://coinjournal.net/news/tag/defi/">DeFi</a> saw substantial bumps. The growth came as Cardano saw increased adoption for new stablecoins amid notable technical developments around network scalability and VM compatibility.Among the key developments was the deployment of multiple layer-2 solutions on the Cardano mainnet. Also notable was the increase in sidechains that continue to bolster cross-chain compatibility.It is notable however that Cardano saw decreases in new addresses (by 71.5%) and in average daily transactions (by 10.6%) QoQ. Daily NFT transactions on the network also fell in Q1, declining by 27% as daily unique buyers shrunk by 23%Cardano’s DeFi TVL grew 172% in Q1, 2023An ecosystem overview of Cardano shows DeFi TVL increased 172% quarter on quarter, jumping from $50.8 million in Q4 2022 to $138.3 million at the end of Q1, 2023. DeFiLlama data <a href="https://defillama.com/chains">shows</a> Cardano’s DeFi TVL has increased 39% in the past month to $171.28 million, with stables accounting for over $12 million.According to Messari, the increase in Q1 was primarily driven by broader growth across established ecosystem protocols like MinSwap, and greater adoption for newer protocols and stablecoins. This included TVL growth for ADA-backed stablecoin protocol Djed, synthetic assets and stablecoins issuer Indigo and Cardano-based borrowing and lending protocol Liqwid Finance.Stablecoin volume on Cardano grew 261% QoQ, faster than overall TVLAs noted above, <a href="https://coinjournal.net/news/tag/stablecoin/">stablecoin</a> volume on Cardano exploded in Q1 and grew at a faster rate than the network’s overall TVL. Although there are three stablecoins live on Cardano – Sharelake’s RUSD, Indigo’s IUSD and Djed’s DJED – the largest amount of volume was from just two.Indeed, Indigo’s IUSD and Djed’s DJED helped push overall stablecoin value in the Cardano ecosystem up by 261%, from $2.8 milllion in Q4 to $10 million at the end of Q1. This was as a result of IUSD volume growing 72% in the quarter, while DJED saw a 27% increase. RUSD’s volume dominance was less than 1%.Increased interest in the newer protocols saw the dominance of leading DEXs such as Minswap, SundaeSwap and WingRiders decrease over Q1, Sheehan noted in the report.ADA price rose 54% in Q1 amid growth in other financial metricsIn terms of price action, data shows Cardano’s native coin had its value up by 54% in Q1, with ADA price mirroring the broader market uptrend in Q1, 2023. As of 18 April 2023, Cardano price was at $0.44, up more than 30% in the past month and over 77% higher year-to-date.Meanwhile, Cardano’s treasury balance grew by 100 million ADA to 1.21 billion. Growth value in terms of ADA and USD was 9.1% and 66% QoQ respectively. The treasury balance in USD terms rose from $278 million to $460 million.The post <a href="https://coinjournal.net/news/cardanos-defi-tvl-rose-172-in-q1-amid-significant-ecosystem-growth-messari/">Cardano’s DeFi TVL rose 172% in Q1 amid significant ecosystem growth: Messari</a> appeared first on <a href="https…

The Ultima ecosystem is a comprehensive cryptocurrency infrastructure comprising various modern products and services.Besides offering a new cryptocurrency it will also offer other products including a decentralized exchange.It will also have a travel Club to allow users to book flights, hotels, cruises, and car rentals.With the rise of decentralized services, customers can now pay for goods and services with cryptocurrencies, which are not only more convenient but also more secure and reliable. <a href="https://ultimafarm.com/en/">Ultima </a>is a comprehensive cryptocurrency infrastructure that provides fast and reliable payment instruments that are tailored specifically for decentralized services.The Ultima ecosystem has a thriving community of 2,000,000 users from 120 countries worldwide. It is designed to cater to a broad range of users, with a special emphasis on users from developing countries who are often excluded from modern technologies and the benefits that come with them. Ultima aims to provide access to these technologies to help users improve their standard of living.Ultima ecosystem products and featuresUltima is preparing to launch a number of decentralized services and products that includes UltimEx Exchange, Ultima Store, Ultima Card, Ultima Travel Club, Charity Crowdfunding, StartUp Crowdfunding, and UltimaDeal.UltimEx Exchange is a cryptocurrency exchange with great liquidity, Ultima Store is a global marketplace for buying and selling goods and services, and Ultima Card is a crypto debit card that supports multiple cryptocurrencies and fiat currencies.The Ultima Travel Club is a travel service that allows users to book flights, hotels, cruises, car rentals, and other activities using Ultima tokens, with access to millions of discounted options worldwide.The Ultima tokenThe Ultima token is based on a flexible and easily scalable Smart Blockchain, providing the means for users to engage in all of the above services. Unlike many other cryptocurrencies, Ultima is designed as a payment tool that is specifically tailored for use in decentralized services of the Ultima ecosystem. This makes Ultima a reliable, secure, fast, and multifunctional cryptocurrency that is ideally suited to meet the needs of users in developing countries.Cryptocurrencies like the Ultima token provide people in developing countries with a secure, fast, and cost-effective means of engaging with the global economy. With traditional banking services often inaccessible to people in many parts of the world, cryptocurrencies offer a viable alternative that can be accessed using nothing more than a smartphone.The Ultima ecosystem is designed to make it easy for people in developing countries to access cryptocurrency and start using it to improve their well-being. It provides an opportunity to generate tokens through farming, a process by which users can mint new Ultima tokens and spend them paying for services and goods in various Ultima-based services.It’s easy to start farming directly on Ultima’s <a href="https://ultimafarm.com/en/">official website</a>. Just buy an Ultima Farming License and Ultima Farming Unit and start receiving newly generated Ultima tokens.This gives people in developing countries a way to improve their economic situation by participating in the cryptocurrency market, without requiring them to spend significant resources or has specialized knowledge.ConclusionIn conclusion, Ultima is a reliable, secure, fast, and multifunctional payment tool that can be easily accessed using just a smartphone. By enabling people from all over the world to easily use cryptocurrency, Ultima is helping to improve the lives of people in developing countries and creating new opportunities for economic growth and prosperity.The post <a href="https://coinjournal.net/news/ultima-ecosystem-fast-reliable-and-multifunctional-payment-instruments/">Ultima ecosystem – fast, reliable, and multifunctional payment instruments</a> appeared first on <a href="https://coinjournal.net">CoinJournal</a>.
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Zipmex says it filed for the court extension as it seeks to find a solution that suits its customers and an investor.The moratorium was put in place following Zipmex’s bankruptcy filing in July last year.The cryptocurrency exchange says it is negotiating with new investors even as it engages the current one.Zipmex, a cryptocurrency exchange that filed for bankruptcy amid last year’s crypto market contagion, has provided an update to its investment deal.Per an announcement published today, Zipmex says it is seeking an extension to the moratorium currently in place amid its bankruptcy proceedings. The exchange revealed that it had filed for a two-month extension from the Singapore bankruptcy court after an investor delayed payments agreed upon as part of the exchange’s restructuring.Zipmex Asia seeks 2-month moratorium extensionAfter missing the March tranche of payments and impacting Zipmex’s Z Wallet operations, the said investor asked for the investment agreement – the Scheme of Arrangement – to be modified. The investor reportedly also sought the crypto exchange to modify the investment amount.“As of today, the investor claims that the SSA has lapsed and that it is no longer bound to abide by the terms of the SSA. The investor has also demanded a return on its working capital loan,” Zipmex wrote.According to the update, Zipmex is now in talks with the investor as it looks to find a solution that would suit all parties. Knowing that the delay impacts customer withdrawals and the planned reopening of Z Wallet, the company has also begun negotiating with new investors.This is why the Zipmex team is looking to have the moratorium extended for two months to allow it to find the best possible solution for its customers.As CoinJournal reported, the Southeast Asia exchange halted withdrawals in July before filing for bankruptcy protection. At the time, Zipmex revealed $5 million and $48 million exposure to collapsed Celsius Network and Babel Finance respectively.The post Zipmex files for two-month extension to moratorium appeared first on CoinJournal.

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Are you a lover of slots? Then you are in luck! This Easter season, <a href="https://refpa9063395.top/L?tag=b_2242333m_3425c_EASTinvPR&site=2242333&ad=3425">1xBit</a> unleashes a new promotion for slot lovers only that will have you reeling in excitement, with a bunch of prizes waiting to be won. In this <a href="https://refpa9063395.top/L?tag=b_2242333m_3425c_EASTinvPR&site=2242333&ad=3425&r=promotions/easter-invaders-adventure">Easter Invaders’ Adventure</a> tournament, you are given a chance to be among the 25 lucky winners to share from the 600 mBTC + 165 FS prize pool.All you have to do to set yourself up as one of the winners is follow the steps below:Go to the 1xBit website Login to your accountSelect a currency account and fund itMove to the offer page for this tournament and select “take part”Once that is done, play slots from any provider and get pointsFor every point you earn from playing, you boost your level up the leaderboard. Your aim is to ensure you are among those on the 1st to 25th place to be eligible for a prize at the end of the tournament. The winner of the tournament will be winning as high as 120 mBTC + 60 FS. While the player sitting on the 24-25th place will be going home with 5 mBTC.The promotional period for <a href="https://refpa9063395.top/L?tag=b_2242333m_3425c_EASTinvPR&site=2242333&ad=3425&r=promotions/easter-invaders-adventure">this tournament</a> is set between April 13, 2023 – May 10, 2023. Get ready as this tournament is not one you want to miss out on.1xBit BenefitsNow let’s look at some of the benefits of betting at 1xBit.Over 5000+ Slots AvailableFor most slot lovers, variety is the spice and this one of the areas 1xBit excels at. At the moment, you can find over 5000 slots from your favorite software providers on 1xBit. With this vast range of options to pick from, it is safe to say you are spoiled with choices.Attractive TournamentsIf you are a fan of freebies, then 1xBit is one place you will find satisfying to bet at. The platform has made it commonplace to release frequent tournaments with impressive prize pools that users can explore for massive gains. What’s more impressive is the fact that you are most likely to find a new tournament like the one discussed above, once every two weeks.Over 40 Altcoins1xBit stands out as a crypto betting platform and it takes it a step further to reinforce its user proposition by making available over 40 altcoins for making payments. On the payment portal, you are most likely to find your favorite altcoins available, thus assuring you ease with making payments. What’s also more impressive is the fact that the betting platform also makes provision for newer additions of altcoins momentarily.Massive Welcome BonusIt is such a delight registering as a new user on 1xBit, considering the welcome bonus offer you will be eligible for. Upon registering a new account on 1xBit, you are given a chance to earn a 300% welcome bonus on your 1-4th deposits. <em>Promo code </em><em>125EGGX </em><em>will boost your first deposit bonus up!</em> This generous offer would come in handy in boosting your wagering and earning potential on the platform without breaking the bank.No KYCOne of the major perks of betting at 1xBit is that it gives you the opportunity to remain anonymous while betting because no KYC details are demanded when registering an account. This perk will be appreciated by those who want to keep a very low profile as they go about their betting activities on 1xBit.Fast PayoutsIf you have any experience with most regular betting platforms, you would know that longer withdrawal times are common. For most of these betting platforms, you are expected to wait 5 days or thereabout to get your payout. However, this is hardly the case with 1xBit since it harnesses crypto as a means of payment. At most, you are expected to get your payouts within hours.ConclusionGet ready to save Easter from the invaders and win loads of prizes!The post <a href="https://coinjournal.net/news/protect-the-farm-and-win-crypto-with…

<strong>London, UK, April 19th, 2023, Chainwire</strong>After selling out their $16.4m presale, <a href="https://metacade.co/en?utm_source=media&utm_medium=pr&utm_campaign=chainwire&utm_term=external&utm_content=bitmart">Metacade</a> is now set to list its token MCADE on the well-known centralised exchange <a href="https://www.bitmart.com/">BitMart</a>, which <a href="https://coinmarketcap.com/exchanges/bitmart/">boasts over 9 million users</a>.The listing is scheduled to take place on Friday, 20th April, 9 am UTC, at which point registered users of BitMart will be able to buy, sell & trade MCADE tokens.Metacade has seen strong momentum following numerous announcements and milestones. It sold out its huge $16.4m presale early, quickly followed by the 250m token 6-month staking pool selling out in under 5 hours. Furthermore, Metacade also announced a <a href="https://cointelegraph.com/press-releases/metacade-announces-partnership-with-metastudio-ahead-of-highly-anticipated-uniswap-listing">partnership with gaming company Metastudio</a>, leading to a significant buzz amongst GameFi investors.At the time of writing, the price of the Metacade (MCADE) token is $0.0173, with a diluted market cap of over $35m and an average daily trading volume of $500,000 since launch.Russell Bennet, CEO of Metacade, commented:“After listing on Uniswap, we saw sell orders being instantly filled on the buy side and minimal selling pressure, which in this climate is a sign that we have something truly special. This was reinforced by our staking pool selling out in 5 hours! With our upcoming exchange listings, I hope we will see the positive price appreciation that usually follows, and from there, the sky’s the limit!”Following the listing on BitMart, Metacade has confirmed another top-tier exchange, MEXC, will be listing Metacade in early May. More exchanges are expected to be announced in the coming months.Users can purchase Metacade tokens on Uniswap <a href="https://app.uniswap.org/#/tokens/ethereum/0xed328e9c1179a30ddc1e7595e036aed8760c22af">here</a>.<strong>About BitMart</strong>Founded in 2018, <a href="https://www.bitmart.com/">BitMart</a> is a centralised exchange that provides crypto asset trading and investment services to over 9 million users around the globe. The trading platform offers numerous features for its clients, including staking, lending, savings products, derivative contracts, and expanded spot trading options. For advanced crypto enthusiasts, BitMart provides futures trading and margin trading that allow them to use leverage.<strong>About Metacade</strong><a href="https://metacade.co/?utm_source=media&utm_medium=final_stage&utm_campaign=chainwire&utm_term=final_stagechainwire&utm_content=pr_final_stage">Metacade</a> is intended to be the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.The project has the stamp of approval from CertiK, the leading blockchain auditor, which aims to reassure investors that the project specifications and code are reviewed, and the Metacade team has passed KYC. This puts Metacade on the same level of confidence as other CertiK projects, including Aave, Polygon and Chiliz.Metacade’s one-stop shop potential as the next GameFi hub of choice for P2E gamers as well as a broad range of other use cases, is evidenced in the enthusiasm around the project and the success of the presale.<a href="https://metacade.co/en?utm_source=media&utm_medium=pr&utm_campaign=chainwire&utm_term=external&utm_content=bitmart">Website</a> | <a href="https://metacade.co/whitepaper/whitepaper.pdf">Whitepaper</a> | <a href="https://linktr.ee/metacade_">Socials</a>ContactCEO, Russell Bennett, Metacade, pr@metacade.coThe post <a href="https://coinjournal.net/news/metacade-to-list-on-cex-bitmart-opening-up-trading-to-9-million-users/">Metacade…

Central, Singapore, April 19th, 2023, ChainwireHeartX, an artwork marketplace and community platform, just announced that its app product starts the Close Beta Test today. It’s available now on both App Store and HeartX official website, but only people with the limited invitation code can register as community members and start earning by voting.The Close Beta of the HeartX app introduces people to their Vote-to-Earn system, which is the beginning of its X-to-Earn ecosystem that the HeartX team has planned. Those interested can acquire the invitation code by following HeartX on Twitter to participate in specific activities and taking part in events on Discord. Some events will also be held on influencers’ or collab partners’ Twitter accounts to give away the code. The earlier users are in, the more tokens they can earn.HeartX also announced that by the end of April, most of the smart contracts will be deployed on Layer 2 of Ethereum to reduce the cost of gas fees and bring users a better art trading experience. The NFT trading feature will not be opened during the Closed Beta test, and users are encouraged to keep the rewarding $HNX at this moment.According to the whitepaper, in the future users can consume $HNX in various scenarios such as Boost-to-Earn, Level up, and In-app applications purchases, etc.The team is continuing to develop the HeartX project and looks forward to sharing updates with the community. As HeartX continues to evolve its platform, it is revolutionizing the way people trade and invest in artwork, and redefining its value through community consensus.About Decent ArtsDecent Arts Singapore Pte. Ltd. is a Web3 professional team dedicated to art.It aims to connect the offline and online art worlds to broaden the boundaries of traditional art and establish a more inclusive, diverse, and decentralized Web3 art ecology.Decent Arts focuses on the physical and digital art market and have created an online art community for trading and communication. It has launched digital art collections and incubates a richer metaverse and Web3 products to allow more people to connect, understand, and finally fall in love with art.Through Web3 technology, we can determine the value of artworks in a more open and transparent way, while giving creators and collectors more opportunities to profit.The team currently has 30 members who are responsible for product planning, artist cooperation, technology development, platform operations, etc. Most of the members come from successful Internet companies in diverse fields including gaming, live broadcast, social networking, e-commerce, art, blockchain, digital collections, and more.Join HeartX community now and follow HeartX on Twitter for the latest updates.For more information: Website | Twitter | DiscordContactTeam HeartX, service@heartx.artThe post Artwork Marketplace and Community Platform HeartX Announces App Product Close Beta appeared first on CoinJournal.

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