The price of Rocket Pool (RPL) faces fresh downside pressure near $45, with bulls’ attempting to turn the level into a new primary support zone. As of 12.50 pm ET on Friday, the RPL token was trading around $46.60 – about 2.4% down in the past 24 hours.RPL is one of the altcoins that rallied hard as Ethereum activated the Shapella upgrade.RPL price- data shows whales sold right at the local topAs CoinJournal highlighted on 14 April, Rocket Pool, Arbitrum and Loopring were among the altcoins to swell as Ethereum (ETH) broke out to $2,100 after the Shapella upgrade. The profit pivot to altcoins saw Rocket Pool’s RPL soar past its previous peak, amid increased buying pressure as the Atlas upgrade inched closer.According to on-chain data from crypto market intelligence platform Santiment, the Rocket Pool price dumped as whales took profits right at the local top.On 16 April 2023, RPL price rose to its all-time high of $61.87 before the momentum faded. Santiment says the cryptocurrency continues to see large whale volumes to add to the 70 that involved more than $100,000 worth of RPL.The 70 transactions signaled the top for Rocket Pool price and is the second largest whale dump for RPL after the 111 large transactions involving more than $100k on 8 November 2021. At the time, RPL price had hit its then ATH of $59.47, Santiment noted.🐋🚀 #Rocketpool whales perfectly signaled the top as they took profit just after the asset's #AllTimeHigh at $61.87. The 70 $100k+ transactions was the 2nd largest behind the 111 $RPL transfers made on Nov. 8, 2021 in the midst of the then #ATH $59.47. https://t.co/mzVc8iI5yT pic.twitter.com/CampspI2zR— Santiment (@santimentfeed) April 21, 2023Rocket Pool price predictionAlthough Rocket Pool’s native token is up 14% over the past month, declines over the last two days have seen RPL/USD shed more than 25% from its recently hit all-time high.In terms of short term Rocket Pool price prediction, further weakness in the Rocket Pool market could see the token’s price hurtle towards $38 or lower.The post Rocket Pool price dumped as whales sold at the local top appeared first on CoinJournal.

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Have you ever thought about how the cryptocurrency market influences your preferred online gambling games? This virtual form of currency, introduced in 2009, has taken over the gaming industry with its potential to make deposits and withdrawals faster and more securely without any associated cost.As cryptos continue advancing on their path, they are also transforming all aspects of iGaming. Below are all the details regarding this meteoric phenomenon that is revolutionizing digital casino entertainment as we know it.The Emergence of Crypto-Based Online CasinosAs the crypto revolution doesn’t seem to be stopping anytime soon, more online operators like <a href="https://www.joefortune.info/crypto-casino/">Joe Fortune Bitcoin Casino</a> are seeing its potential and various benefits. This is why a lot of iGaming sites choose specifically Bitcoin as their only acceptable form of payment or introduce other digital coins such as Ethereum, Litecoin, Tron, Ripple, etc.There are several reasons why these casinos are gaining in popularity:<a href="https://coinjournal.net/news/bitcoin-cash-mimic-dash-anonymity-features/">Anonymity</a>. Bitcoin payments don’t require players to divulge any private or personal details, making it a great way for gamers who value their privacy.  As crypto gambling sites don’t save the sensitive financial information of their players this also adds an extra layer of security.Speed & lower fees. This is one advantage that attracted many casino customers in the first place since cryptocurrencies allow instant transfers with relatively low fees compared to traditional online payment methods such as Visa and Mastercard credit/debit cards or e-wallets like PayPal.Global accessibility. Bitcoin transactions lack geographical limitations because cryptocurrency sends across jurisdictional boundaries. It makes it a really attractive choice for those who live far away or are residing in countries whose legal system restricts regular iGaming activities. Provably fair games. Online casinos using cryptos tend to offer provable fairness games meaning that gamers can verify whether results were generated randomly after each bet by comparing server seed hashes (which must be accessible). That being said, playing on these platforms allows members peace of mind knowing they will get fair outcomes based on the implemented algorithms.<a href="https://media.igms.io/2023/03/21/1682100755844-bc08711f-9fba-4a8d-9f99-e521b3bd5a21.png">Media</a>While these features make crypto-based gaming sites attractive, their novelty means that the selection of games is limited and, in many cases, still doesn’t offer top titles such as live dealer roulette or slots jackpot. However, there are more and more sites focused on crypto gambling that come with a wider range of choices.Blockchain-Based Gaming PlatformsWe have discussed digital coins influencing the industry, but blockchain technology is also entering iGaming. Several platforms use this innovation to focus on games based on the distributed ledger for an enhanced gaming experience with numerous features such as immutable transactions, increased transparency for users, and more secure data records.The most significant advantages are: Transparency. As blockchain processing is transparent with regard to asset verification and authentication of all the entities involved in a transaction (from both sides), gamers can rest assured that everything takes place in a secure and transparent manner. Ownership & tradeability. Blockchain-based platforms such as popular <a href="https://ethereum.org/en/">Ethereum</a> casinos offer their players ownership of in-game assets (avatars, weapons, etc) which can be further exchanged and traded privately or sold on the open market. Reduced fraud. As all of the members’ interaction data and proof are stored on publicly distributed ledgers, it makes it impossible to edit them after a bet has been placed or money deposited in an account, reducing cases of fraudulent activities almost completely. <a href="https:/…

Ethereum price has dropped by 11.8% over the last week.It had surged above $2,100 after the Shanghai upgrade.At press time, it was trading at $1,855 almost $300 below the post-Shanghai highs.In recent days, the cryptocurrency market has been quite fragile, largely because of the increased threat of an economic recession. There has also been persistent high inflation and fluctuations in the stock market.The top cryptocurrencies have been largely affected within the crypto space with Ethereum declining below its pre-Shanghai price levels and Bitcoin dropping below $28k. The global cryptocurrency market cap has also been on the decline since hitting a high above $1.25 billion on Thursday, April 13.Key Ethereum price levels to watchThe sudden drop in price has left ETH investors/traders wondering what the future holds for the Ethereum price especially since the Shappella upgrade was seen as a game changer to the second-largest cryptocurrency by market cap. Most are now scratching their head wondering whether or not it will recover from this setback.Ethereum price has already dropped past the first support level at $1,896. However, at its current price of $1,855, it is still too early to determine whether the bearish breakout is genuine or false.If today’s candlestick closes below yesterday’s low of $1,913.60, there could be a high likelihood of a further decline towards the next significant support level at $1,846, a scenario that sees the cryptocurrency maintain a bearish trend until the end of the week.If the price closes above $1,900 today, it could trigger a bounce back towards the $1,930 price zone tomorrow.Looking into the future from a midterm perspective, the price of Ethereum has retreated to the middle of a wide trading range as sellers take control as the price remains below the $2,000 level. This is a likely indicator of the cryptocurrency facing continued pressure meaning it will struggle to regain its previous bullish momentum.The post Ethereum (ETH) loses all post-Shanghai upgrade gains appeared first on CoinJournal.

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WOO Network saw increased sell-off after rejecting at $0.35.Crypto analyst says WOO could decline to $0.20.The losses for WOO came as Bitcoin price retreated to around $27,400 on Sunday.WOO Network price fell double digits on Sunday as the crypto market continued to see weakness among the bulls following key downward moves for Bitcoin, Ethereum and other major cryptocurrencies.At the time of writing, WOO was trading around $0.24, more than 10% down in the past 24 hours and nearly 26% down in the past 7 days. Bitcoin on the other hand, broke below major support at $27,800 to hover near $27,400.What is WOO?WOO is the native token of WOO Network, a blockchain-based decentralised finance (DeFi) and centralised finance (CeFi) platform. Users on the trading platform can trade BTC, ETH and other coins and benefit from one of the best liquidity and low cost trade executions.Users have access to zero fee trades on the CEX platform dubbed WOO X, while the DEX platform WOOFi offers cross-chain swaps and single-sided yields. Both platforms are powered by WOO.The WOO token, which has a circulating supply of 1.7 billion WOO and trades on the world’s leading crypto exchange Binance, had seen a massive uptick in daily volume as sell-off mounted. Data from CoinGecko showed a total of over $55 million as of 4pm ET on Sunday, more than $19 million of which was in the WOO/USDT pair on Binance.WOO price: analyst predicts decline to $0.20The price of WOO Network moved from highs of $0.28 earlier in the day, and crypto trader and analyst TraderSZ has shared the technical set up for the cryptocurrency.According to the trader, WOO did a trendline deviation on the weekly chart. With invalidation clearly above the trendline, the price prediction is that bears might extend their push to last week’s low. $WOO – looking at weekly, we did a trendline deviation. Invalidation is clear above trendline. I’d expect a move to last week low Atleast https://t.co/xC7uoOmSG4 pic.twitter.com/NMm76WNVcH— TraderSZ (@trader1sz) April 23, 2023The area the analyst highlights around $0.20 marked the zone from which WOO recently bounced to highs near $0.35. The rejection from the psychological level and potential weakness at $0.20 could see WOO price decline to the $0.14 level.The post WOO Network price sees double digit decline as Bitcoin touches $27,400 level appeared first on CoinJournal.

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Zilliqa price fell to an intraday low near $0.032 after buying pressure had pushed ZIL to $0.035.The Zilliqa team recently announced the highly anticipated upgrade that brings EVM compatibility will go live on 25 April 2023.ZIL price rose after the initial announcement and bulls are looking to reap even more gains.Zilliqa (ZIL) price dipped on Sunday, with the native token of the Sharding network recording declines of nearly 9% to reach $0.032.The dip saw ZIL give up recent gains accrued when upside momentum amid network news pushed prices to above 0.035.Zilliq 2.0 goes live on 25 April 2023The announcement last week of Zilliqa 2.0, which brings Ethereum Virtual Machine (EVM) compatibility on the Zilliqa mainnet saw the price of ZIL rise above $0.035.#EVM compatibility is coming to the Zilliqa mainnet on April 25th!
Find out more about the details of the EVM launch and the features coming in Zilliqa 2.0 in our interview with Zilliqa CTO Richard Watts:https://t.co/jnq4EHWmoC #Blockchain #Zilliqa— Zilliqa (@zilliqa) April 21, 2023As noted in a blog post on 21 April, the upgrade will go live on 25 April 2023, with notable benefits being full compatibility of Solidity apps and seamless transfer of ZIL tokens across EVM dApps and wallets, including MetaMask.The upgrade is also set to improve Zilliqa’s speed, scalability as well make it easy for developers to build on the blockchain. Developers will note that fees are multiple times cheaper on Zilliqa than on Ethereum.Zilliqa price prediction: What next ZIL?With over $5.5 billion worth of ZIL staked, more than 4.5 million unique addresses and more than 47 million transactions completed, it is clear there has been growth for Zilliqa. Yet there could be new impetus from developers and the community is excited about what EVM compatibility after Zilliqa 2.0 could mean for ZIL price.The ZIL/USD pair was trading roughly 4% in the green over the past week as a result of the weakness seen over the past 24 hours. In terms of price prediction, breaking higher to the intraday highs in the short term will see fresh buy ZIL pressure that could help bulls target $0.46 and then $0.60.The post Zilliqa price prediction: ZIL gives up gains but bulls eye EVM for uplift appeared first on CoinJournal.

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KuCoin says compromise of Twitter account lasted about 45 minutes, with users clicking on malicious links losing over $22,000.On-chain data shows largest loss was $7,750 in ETH.KuCoin has announced it will reimburse those who fell victim to the scam.KCS, the native token of crypto exchange KuCoin, traded lower today as the exchange reported its official Twitter account was compromised for about 45 minutes. In the latest KuCoin news, the exchange says the compromise only affected users on Twitter who interacted with fraudulent tweets and that no exchange assets were stolen. While users have been asked not to click on suspicious links, KuCoin has promised to reimburse all those affected as a result of the incident.KuCoin Twitter account compromised, $22,000 stolen from usersKuCoin announced that its Twitter handle had been briefly compromised early Monday. The 45-minute breach of the exchange’s social media account saw a number of users lose their assets.According to on-chain data reports, a total of 22 transactions resulted from the fraudulent details shared via the account during the period it was compromised. Approximately 22,638 USDT was stolen from unsuspecting users.“The @kucoincom handle was compromised for about 45 mins from 00:00 Apr 24 (UTC+2). A fake activity was posted and unfortunately led to asset losses for several users. KuCoin will fully reimburse all verified asset losses caused by the social media breach and the fake activity,” the exchange tweeted after it seized back control of the account.According to crypto market intelligence platform Arkham, the largest single loss was $7,750 worth of ETH.gmLast night Kucoin's twitter account was taken over by scammers for ~45 minutes.They posted a link promising to 'double money'Unfortunately, 14 users were caught in the scam, with the largest individual loss being $7750 worth of ETH. pic.twitter.com/NQcznTmVm2— Arkham (@ArkhamIntel) April 24, 2023Kucoin has assured its users that only the Twitter account was hacked and that customers’ assets on the crypto exchange are secure.“We acted immediately to retrieve control of the account from official Twitter support after the incident occurred. We want to reassure you that your assets on KuCoin are secure,” the platform noted.KuCoin price outlookKCS price reached intraday lows of $7.99 early Monday, with the token’s value down roughly 2% over the past 24 hours.  The declines are coming as the broader crypto market nursed fresh weakness with Bitcoin price trending towards $27,200.Crypto analyst Michael van de Poppe says Bitcoin could see bullish divergences below $27k, writing on Twitter:“Bitcoin clearly rejects the level here, while funding starts to become negative. Meaning that we’ll be having a bounce play soon, but from where? I’m expecting a creation of bullish divergences in the $26,500-27,000 area (Monday dump day) and then recovery to $29,200.”This outlook means altcoins could bleed again and KuCoin could face more downside pressure in coming days. If buyers give up the key horizontal support zone formed near current prices, expect a retest of the $7.00 demand zone.The post KuCoin’s Twitter account briefly compromised, $22,000 stolen from users appeared first on CoinJournal.

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Solana outperformed major cryptocurrencies in 2023Bitcoin gained over +64%Cryptocurrency market bulls might focus on other major cryptocurrencies until the gap with Bitcoin shrinksCryptocurrencies started 2023 with a bid tone. The bullish momentum continues into the 4th month of the year, as investors still believe that more upside is possible.A quick look at the leading cryptocurrencies and how they performed in 2023 reveals something interesting. That is, three cryptocurrencies lag behind Bitcoin’s rally, meaning that there might be some momentum left in the race to catch up with Bitcoin.TradingView ranks the top 10 cryptocurrencies, as seen below. If we exclude Tether and the USD Coin and focus on the other, we find that Doge, Polygon, and BNB have underperformed in 2023.MediaDoge, Polygon, and BNB might catch up with BitcoinSurprisingly, Bitcoin is not the cryptocurrency that performed the most in 2023. Solana is, up +67.12% YTD.MediaBitcoin chart by TradingViewOne scenario moving forward is that if Bitcoin gives up some of its 2023 gains, it will drag the other cryptocurrencies down. But those still believing in the Bullish potential of this market might see things differently.In particular, the last three cryptocurrencies in the top 10 have a lot of room to catch up with Bitcoin. For example, Dogecoin is up only +13.29% in 2023. Also, Polygon gained +28.54%, while BNB delivered a +34.71% YTD.Sure enough, these are all stunning performances for such a short period. But Bitcoin gained +64.64% over the same period, so there is still a potential for some catch-up to do.Overall, the lagging cryptocurrencies look attractive here for investors believing that the bullish rally still has some legs. As such, avoiding Bitcoin might make sense until the gap shrinks.The post 3 cryptocurrencies to buy as they lag behind Bitcoin’s rally appeared first on CoinJournal.

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DAI stablecoin holders are adding to positions as crypto prices range.Addresses with 100k-10 million DAI added 6.4% of supply in the past six weeks. The overall holdings for this cohort had dropped significantly as Bitcoin and Ethereum prices pumped in mid-March, Santiment data shows.On-chain data shows large investors, the sharks and whale addresses with $100,000 to $10,000,000 worth of DAI have recently added to their positions. Addresses with 100,000-1 million DAI hold over 13% of supply while those with 1 million- 10 million DAI currently hold over 25% of supply.Whales buy DAI stablecoin as markets rangeAs the crypto markets see fresh volatility, market data provider Santiment has highlighted that after the rotation that followed Bitcoin and Ethereum prices pumping in mid-March, sharks and whales have added 6.4% of DAI.“Even with crypto markets rollercoastering in April, top stablecoins like $DAI are being accumulated by sharks & whales. Since $DAI was exchanged for pumping $BTC & $ETH in mid-March, $100k-$10m DAI addresses have added 6.4% of the supply back since,” Santiment noted.As of 23 April 2023, addresses with $100k- $1 million in DAI held 13.43% of the stablecoin’s supply, while addresses with $1 million-$10 million of DAI held about 25.53% of current supply. These cohorts have increased their buying power since their holdings bottomed out around mid-March, on-chain data showed.The chart below that Santiment shared on Twitter indicates the above scenario.MediaDai stablecoin whale and sharks holdings. Chart courtesy of Santiment on Twitter What is Dai (DAI)?DAI is the native stablecoin for major lending protocol Maker, whose governance token MKR currently trades around $688. Dai is the first decentralised, crypto-collateralised stablecoin, with its value pegged 1:1 to the US Dollar.One of the benefits of Dai is with its use in mitigating price volatility in a crypto market where digital asset prices can swing wildly at any given time.  The token is also highly composable with dApps, including DeFi industry’s leading projects Uniswap and Compound.What does whales’ buying of DAI mean for crypto prices?Typically, large whale transactions involving stablecoins has preceded major accumulation of crypto tokens such as Bitcoin and Ethereum. This is so because buying of stablecoins such as DAI, Tether and USD Coin have usually indicated whales positioning of money in readiness for buying.BTC and ETH prices have recently retreated from highs above $31k and $2.1k respectively as those who bought at the top seemingly sell.The post DAI whales have added 6.4% of stablecoin’s supply since mid-March appeared first on CoinJournal.

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Ethereum price has pulled back in the past few days as the recent rally took a breather. ETH dropped to a low of $1,851, which was 14% lower than the year-to-date high of $2,131. This means that the coin has moved to the correction zone, which happens when an asset drops by 10% from its peak.Is this the end of the crypto rally?Ethereum price has declined sharply in the past few days as investors focus on the state of the crypto industry. This decline has been led by Bitcoin, which has dropped from the year-to-date high of $31,000 to about $27,000. There are several reasons why cryptocurrency prices have pulled back in the past few days. First, the sell-off is mostly because of profit-taking after they crossed key milestones. Bitcoin recently rose above the key milestone of $30,000. Similarly, Ethereum price recently rose above $2,000. In most cases, cryptocurrencies tend to decline after hitting a key level.Second, Ethereum price is dropping because of the so-called ‘buy the rumour, sell the fact.’ Ethereum jumped recently jumped as investors waited to the Shanghai upgrade. The upgrade means that investors in key platforms like exchanges can now start withdrawing their coins. Further, ETH price is also plunging because of the uncertainty about the Federal Reserve. In a statement, Fed’s Christopher Waller said the Fed should continue hiking interest rates in the coming months. Analysts now expect that the Fed will continue hiking interest rates in May and then have a prolonged pause.Ethereum price predictionMediaOn the daily chart, we see that the ETH price has been in a strong bullish trend in the past few months. It has jumped from ~$1,080 to a high of $2,040. The coin has formed a cup and handle pattern, which is a bullish sign. As such, the ongoing decline is part of the handle section. Most importantly, the coin has remained above the 50-day exponential moving average. The Relative Strength Index (RSI) has moved below the neutral point. Therefore, there is a likelihood that the coin will bounce back in the coming weeks. If this happens, the next key level to watch will be at $2,500, which is about 37% above the current level.How to buy EthereumeToroeToro 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 ETH 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 ETH with Public today Disclaimer The post Ethereum price prediction: ripe for a 37% jump to $2,500 appeared first on CoinJournal.

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Ethereum (ETH) ICO price was $0.31 when the address received coins on 30 July 2015.The addresses’ wealth has jumped from $733 to over $4.4 million at the time of the single transaction on 23 April 2023.Last week a Satoshi era wallet woke up after over 10 years.An Ethereum wallet that participated in the coin’s initial coin offering (ICO) has transacted for the first time, on-chain data shows.The address received 2,365 ETH on 30 July 2015 and remained dormant until Sunday, 23 April 2023 when it transferred 1 ETH. The address received the ETH at block 0 and transferred the single ETH at prices of $1,868 at block 17110898.With the ICO price having been $0.31 in 2015, the wallet‘s wealth has grown from around $733 to over $4.4 million.“An Ethereum ICO participant woke up after 7.7 years of dormancy and transferred 1 $ETH to a new address. He received 2,365 $ETH ($4.42M currently) at Ethereum Genesis, the ETH ICO price [was] ~$0.31,” on-chain data tracker Lookonchain tweeted.An Ethereum ICO participant woke up after 7.7 years of dormancy and transferred 1 $ETH to a new address.He received 2,365 $ETH($4.42M currently) at Ethereum Genesis, the ETH ICO price is ~$0.31.https://t.co/hOfBSyml19 pic.twitter.com/yoMoB6vE9n— Lookonchain (@lookonchain) April 24, 2023Ethereum price traded at an all-time above $4,800 in 2021 and hit year-to-date highs above $2,100 this month after the Shapella upgrade.Bitcoin wallet woke up after 10 yearsLast week another mega-dormant wallet address woke up, this time a Satoshi era Bitcoin wallet address that remained inactive for over 10 years. As highlighted by CoinJournal, the wallet was created in 2012 and held 1,128 BTC for over 10 years. On 21 April 2023, the wallet transferred 279 BTC worth about $7.8 million to three new addresses. Bitcoin price at the time of the wallet’s creation 10+years ago was between $12 and $95.The post Ethereum ICO account that bought ETH at $0.31 wakes up after 7 years appeared first on CoinJournal.

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The Zimbabwe dollar has been depreciating against the US dollar.The country has been struggling with inflation for more than a decade now.The Reserve Bank of Zimbabwe (RBZ) has announced plans to launch a gold-backed digital currency.While countries work on central bank digital currencies (CBDCs) and others like El Salvador embrace Bitcoin as their legal tender, Zimbabwe has announced a plan to launch a gold-backed digital currency.The Reserve Bank of Zimbabwe (RBZ) towards the end of last week announced that it was working on a gold-backed digital currency that will become legal tender in the country. The move is part of the Zimbabwean government’s strategy to keep the local currency from depreciating further against the US dollar.Hedging against currency instabilityAccording to reports from local media, the gold-backed digital currency will allow the Zimbamweans to trade tiny sums of Zimbabwean dollars for the digital gold token. This will allow Zimbabweans to hedge against their local currency instability.According to the governor of the Reserve Bank, John Mangudya, the objective of the digital currency is to “leave no one and no place behind.” The governor however added that they expect the “parallel market currency rate to stabilize once tobacco growers receive their payments in USD in the coming weeks.”Mangudya claims that the current Zimbabwean dollar exchange rate volatility is a result of expectations of increased foreign currency supply in the market because of the tobacco season. Currently, the Zimbabwean dollar is trading at 1,001 ZWL per $1 and is routinely traded at 1,750 ZWL per $1 on the streets of the national capital, Harare.The post Zimbabwe to issue gold-backed digital currency to save local currency appeared first on CoinJournal.

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Korea Blockchain Week (KBW) will take place from 4th-9th September, 2023 in Seoul, South Korea.Major topics will include artificial intelligence and zero-knowledge technology.Organisers expect thousands of attendees, with speakers lined up from across DeFi, NFT and GameFi ecosystems among other sectors.The Korea Blockchain Week (KBW), a key blockchain and Web3 event in Asia, is set to return for the 2023 edition this September in Seoul, South Korea.After the event’s successful 2022 edition, organisers have announced this year’s conference will run from 4th September to 9th September 2023. Web3 accelerator Factblock founded the Korea Blockchain Week in 2018 and has seen the event grow to become one of the biggest on the blockchain calendar. Korea-based VC fund Hashed rmains as the co-host while PR firm MarketAcross returns as a media partner.KBW 2023 to feature AI and zero-knowledge technology topicsSet to see crypto and blockchain believers meet, connect and learn, KBW2023 will feature some of the biggest personalities and industry leaders across the crypto space. Despite the 2022 crypto winter, the KBW conference attracted more than 8,700 attendees, with 256 journalists and 130 speakers gracing the occasion.Among the speakers were Ethereum founder Vitalik Buterin, Binance founder & CEO Changpeng Zhao, and Polygon co-founder Sandeep Nailwal. While the organisers are yet to finalise on this year’s list, it is expected to pack some of the biggest names in the industry – with speakers from across DeFi, NFT, and GameFi joined by those across layer 1 and layer 2 projects.Renowned journalists, top venture funds and other market participants will also attend, KBW said in a press release shared with CoinJournal.Part of the 2023 content schedule will include topics on new trends such as artificial intelligence, and zero-knowledge technology. AI is a big narrative today, with some of the biggest crypto projects in 2023 being AI-powered ones.Also key to the industry is the topic of blockchain regulation, and Factblock and partners say this will feature.The post Web3 event Korea Blockchain Week returns for 2023 edition appeared first on CoinJournal.

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Polygon (MATIC) price has a robust support base at around $0.918.FLOKI price could rise further as the memecoin begins trading on Binance.US.Dione (DIONE) price hit a new all-time high on 24 April 2023 and could make new upward moves amid price discovery.<a href="https://coinjournal.net/bitcoin/">Bitcoin (BTC)</a> price began Monday with bulls battling to hold onto recent gains above the $27k level, with analysts predicting the benchmark cryptocurrency risks a retest of support at $26,500.  With the gains made following the rally to $31k over the past few days quickly evaporating, traders could look for potential trades in the altcoin market.But what is likely to happen if markets continue to dump? Here is a crypto price prediction outlook for Polygon (MATIC) Floki (FLOKI) and Dione (DIONE).MATIC price prediction: Polygon major support at $0.91The price of <a href="https://coinjournal.net/polygon/">Polygon (MATIC)</a> dipped below $1 on Monday as selling pressure for the 10th ranked crypto by market cap saw 140 million MATIC transferred to crypto exchange Binance. Whale Alert <a href="https://twitter.com/whale_alert/status/1650398254096318469">highligted</a> one such transaction.🚨 🚨 🚨 60,000,000 <a href="https://twitter.com/hashtag/MATIC?src=hash&ref_src=twsrc%5Etfw">#MATIC</a> (59,472,041 USD) transferred from Polygon Staking to <a href="https://twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw">#Binance</a><a href="https://t.co/2m1PJNgY2a">https://t.co/2m1PJNgY2a</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1650398254096318469?ref_src=twsrc%5Etfw">April 24, 2023</a>MATIC price also fell as<a href="https://www.coinglass.com/LiquidationData"> total liquidations</a> for crypto rose 107% to over $89 million in 24 hours, with about $744,000 of this for Polygon.While MATIC/USD has moved back to near $1 at the time of writing, on-chain data suggests robust support lies around $0.918. A dip to these levels is possible, although a sentiment flip at this major demand reload zone will aid MATIC’s new bullish momentum.Market data and intelligence platform IntoTheBlock <a href="https://twitter.com/intotheblock/status/1650489893238235137">shared</a> the details below about Polygon’s on-chain activity.<em>“MATIC is back under $1. Let’s take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again</em>.”<a href="https://twitter.com/search?q=%24MATIC&src=ctag&ref_src=twsrc%5Etfw">$MATIC</a> is back under $1. Let's take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again. <a href="https://twitter.com/hashtag/MATIC?src=hash&ref_src=twsrc%5Etfw">#MATIC</a> <a href="https://twitter.com/hashtag/Polygon?src=hash&ref_src=twsrc%5Etfw">#Polygon</a> <a href="https://t.co/E66AJ9i0U6">pic.twitter.com/E66AJ9i0U6</a>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1650489893238235137?ref_src=twsrc%5Etfw">April 24, 2023</a>FLOKI price prediction: Floki rips as Binance.US lists FLOKI<a href="https://coinjournal.net/floki/">FLOKI (FLOKI)</a> price was up more than 33% at the time of writing, trading around $0.000038 as intraday trading volume jumped over 500% to $56 million.Amid the sharp rise in FLOKI price and market activity has been a major Floki news development. On Monday, crypto exchange Binance.US opened deposits for FLOKI ahead of trading on Tuesday. The reaction to the news was FLOKI price jumping towards highs seen on 17 April 2023.FLOKI deposits are now open on the Binance.US exchange, with trading in the FLOKI/USD and FLOKI/USDT pairs set to begin on 25 April 2023 at 12:00 pm UTC.<a href="https://twitter.com/hashtag/Floki?src=hash&ref_src=twsrc%5Etfw">#Floki</a> is now live on <a href="https://twitter.com/hashtag/BinanceUS?src=hash&ref_src=twsrc%5Etf…

FirstBlock, a leading blockchain solutions provider, announces the launch of FirstBlock Labs, a virtual laboratory designed to support and help Web3 startups thrive in the rapidly growing blockchain industry.The FirstBlock Labs platform offers various resources and support services, including technical, legal, strategy, marketing, community, and PR support, to help companies overcome the challenges of launching a Web3 project. The platform has a team of experienced Web3 industry professionals, including FirstBlock co-founders Richard Larsson, Fati Hakim, and Elvin Sababi,  who are committed to driving innovation and spreading blockchain technology.“We believe that innovative ideas are key to unleashing the industry’s full potential, and we want to help them overcome the challenges of launching a Web3 project,” said Richard Larsson in a recent interview. “Our goal with FirstBlock Labs, our virtual laboratory, is to accelerate the growth of the Web3 industry by working with the most promising talent and startups in the field. Launching a new project can be challenging, especially in a complex and ever-changing industry like Web3, which is why FirstBlock Labs offers a mentoring program.  With the right support and resources, we believe that startups can overcome the challenges of launching a Web3 project and start seeing the fruits of their hard work.”This platform is where the brightest minds in the Web3 ecosystem come together to create and innovate. To achieve its goals, FirstBlock Labs offers a mentorship program and access to industry experts from all areas of the blockchain industry. The program also provides strategic consulting services to help startups make the right decisions early on, as these can significantly affect their chances of success.FirstBlock Labs has already added two promising projects to its program, LiquidOS and Cora, and is looking forward to seeing them grow and succeed.For more information about FirstBlock Labs and its mission to accelerate the growth of Web3 startups, visit its website or follow it on LinkedIn. About FirstBlockFirstBlock is a full-service blockchain consulting firm that provides tailored blockchain solutions to businesses across industries. It offers clients a full range of consultancy services in the Web3 space, including blockchain strategy, software development, Web3 legal advice, marketing, community, and PR. FirstBlock’s team of experts provides comprehensive solutions to help clients develop successful Web3 projects and navigate the complex legal and regulatory landscape.Media ContactName: Fati HakimEmail: PR@firstblock.ccThe post Firstblock Introduces Firstblock Labs To Support The Next Generation Of Web3 Innovators appeared first on CoinJournal.

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Visa’s Head of Crypto announced this on Monday.The company is hiring software engineers to help develop the next generation products in blockchain and stablecoin payments.Visa had reportedly paused its crypto-related projects amid the regulatory uncertainty in the US.Visa, a global leader in digital payments technology, is looking to extend its reach across the digital payments space via a new “ambitious crypto product roadmap.”Sharing the crypto-related news on Monday, Visa’s Head of Crypto Cuy Sheffield, said the US-based company is eyeing further push across mainstream adoption of public blockchains and stablecoin payments.Visa announces job hires for crypto-related software engineersThe company is on the hunt for senior software engineers that will help advance this goal, particularly around creating next-generation products powered by blockchain and smart contracts and targeted at improving everyday lives. For the hires, Visa would prefer talent that has experience with Github Copilot and other artificial intelligence (AI) assisted engineering tools.“We have an ambitious crypto product roadmap @Visa and just opened a few reqs for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments. Particularly interested in experience using Github Copilot and other AI assisted engineering tools to write and debug smart contracts,” Sheffield announced via Twitter.We have an ambitious crypto product roadmap @Visa and just opened a few reqs for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments. https://t.co/UQRJNcOJtB— Cuy Sheffield (@cuysheffield) April 24, 2023The Visa Head of Crypto also linked to a jobs page where the company has highlighted the description for the full-time, London-based job opportunity.Among other things, interested software engineers should be proficient programmers, with experience in building highly scalable backend systems. Enthusiasm and passion about the Web3 stack is also key.Visa’s latest announcement on crypto developments at the company comes a few weeks after reports emerged the financial services giant was pausing crypto-related activities amid uncertainty in the US regulatory environment.The post Visa reveals “ambitious crypto product roadmap” appeared first on CoinJournal.

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Thetanuts Finance is one of the early pioneers of DeFi structured products protocol.It has today announced the completion of a $17 million institutional funding round.The funding round was led by Polychain Capital, Hyperchain Capital and Magnus Capital.One of the earlier pioneers of decentralized finance structured products, Thetanuts Finance has successfully completed a $17 million institutional funding round. The funding was led by giants like Polychain Capital, Hyperchain Capital and Magnus Capital.Thetanuts Finance is known for the Decentralized Options Vaults (DOVs) which is the fundamental building block of the overall DeFi options market.Pushing structured DeFi products boundariesThetanuts Finance has an ambitious plan to push the boundaries for structured DeFi products and derivatives and expand access to more diverse asset classes. The investors who participated in the just concluded funding round are committed to supporting the protocol with its plans.Thetanuts will now strive to forge valuable partnerships with the DeFi’s most prominent layer 1 and layer 2 networks and founders, and its leading liquidity providers, foundations, market makers and exchange platforms.The company is also planning to become the first DeFi platform to launch buy-side altcoin options markets using the concept of DOVs. However, DOV-based products currently often focus on the sell-side market for only large-cap tokens. This coupled with a lack of decentralized options exchange platforms and liquidity sources results in investors being unable to acquire options, especially for altcoins.Therefore, there is a huge opportunity for Thetanuts Finance to expand this market.Commenting on the successful funding round, the Advisor at Thetanuts Finance, Sherwin Lee, said:“At Thetanuts Finance, we are dedicated to leading the way in building a thriving altcoin options market for both budding and established ecosystems across different chains, including non-EVMs. Our commitment to innovation and decentralization has never been stronger, and we look forward to driving the DOV model to new heights.”Thetanuts Finance’s buy-side altcoin options marketThe funds obtained from the funding will be used to scale the protocol’s efforts to deliver the next breakthrough in DOVs. Thetanuts Finance’s new buy-side altcoin options market powered by DOVs is launching in beta soon.The buy-side altcoin options market will accelerate the adoption of altcoin options markets across blockchain ecosystems, creating new markets for DeFi users and fee-generation opportunities for foundations, DAOs, institutions and other investors.The post Thetanuts Finance completes $17M institutional funding round led by Polychain appeared first on CoinJournal.

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The price of Bitget Token (BGB) rose nearly 10% on Monday after Bitfinex announced the token’s listing.BGB is the native utility and governance token on crypto derivatives platform Bitget.Bitfinex will open deposits for the token on 25 April 2023 at 10 AM UTC, with trading going live on 27 April 2023.Bitget Token (BGB) price has surged amid news that major cryptocurrency exchange Bitfinex will be listing the token on its platform. BGB price traded to a high of $0.41 on Monday, with the 9% gains at the time of writing also reflected in the jump in Bitget Token’s daily trading volume. The gains means BGB price is now just 21% off the all-time high above $0.51 reached on 16 February, 2023.Bitfinex to list Bitget’s BGBBGB is an ERC-20 token that works as a governance token on Bitget and users require it to access and utilize services on the derivatives platform. BGB holders can also stake their tokens and benefit from rewards and discounts, with zero withdrawal fees for staked BGB.The token is ranked 83 by market cap (currently at $567 million) on CoinGecko and has a circulating supply of 1.4 billion BGB. On 24 April, 2023  Bitfinex announced that it would be listing BGB, the native token of Bitget, a top crypto derivatives exchange. The listing put BGB tokens on one of the best crypto exchanges, and the largest one to list the token. Trading on Bitfinex will increase BGB’s liquidity as well as visibility, probably adding to demand.Deposits for BGB will open on Bitfinex on 25 April 2023 at 10 AM UTC while trading will commence on 27 Apri 2023 around 10 AM UTC. The token’s initial trading pairs are set to be BGB/USD and BGB/USDT.The post Bitget Token price surges after Bitfinex lists BGB appeared first on CoinJournal.

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Standard Chartered analyst expects bitcoin to hit $100,000 in 2024.Geoff Kendrick explained his bitcoin price prediction in a research note.Bitcoin is currently down over 10% versus its high earlier this month.Bitcoin has lost more than 10% in recent days but that, as per a Standard Chartered analyst, may just be an opportunity to buy.Bitcoin could more than triple from hereGeoff Kendrick remains convinced that the world’s largest cryptocurrency will more than triple to $100,000 in 2024.His bitcoin price prediction is based primarily on the recent bank failures. In a research note, the analyst said today:Current stress in traditional banking sector is highly conducive to BTC outperformance – and validates the original premise for Bitcoin as a decentralised, trustless, and scarce digital asset.The explosive rally in bitcoin following the collapse of Silicon Valley Bank on March 10th does seem to support his thesis. On top of that, the total supply of BTC is scheduled to halve next year that’s traditionally delivered a boost to its price.Other reasons for his bitcoin price predictionKendrick expects bitcoin to significantly outperform also because the U.S. Federal Reserve now seems likely to slam the breaks on lifting rates.Another positive catalyst he cited are the bitcoin miners. The recent surge in BTC, the analyst noted, has served to improve their profitability thereby making them less likely to sell many coins.Given these advantages, we think bitcoin’s share of total digital assets market cap could move into the 50% to 60% range in the next few months (from around 45% currently).His $100,000 bitcoin price prediction is in line with what a Gemini executive also forecast last month.The post Bitcoin price prediction for 2024: is $100,000 still on the cards? appeared first on CoinJournal.

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France’s metaverse industry is projected to grow 31.5% YoY in 2023, hitting $6.7 billion.Meanwhile, the metaverse spend value will increase from $5.1 billion to $22.1 billion by 2030.The metaverse space in France is forecast to grow at a CAGR of 28.6% between 2023 and 2030.A new research report into the metaverse market forecasts that the industry’s market in France will grow by 31.5% year over year and reach $6.7 billion by the end of 2023.The details of the projection are contained in the France Metaverse Market Intelligence and Future Growth Dynamics 2021-2030 report shared in a press release on Monday. Metaverse industry in France to grow 28.6% from 2023-2030Overall, the metaverse industry in France is expected to grow at a CAGR of 28.6% between 2023 and 2030, while the Metaverse Spend Value will jump from $5.1 billion in 2022 to $22.1 billion by 2030.The report highlights the growth in metaverse related business and consumer investments in the country, stating that although there’s growing momentum, adoption rates are still low. However, with huge interest from across major brands – including luxury giant LVMH – there’s potential for a steady adoption curve.As the French metaverse space heats up, leading industry-focused startups across the country are raising funds as they look to accelerate development. These include METAV.RS, a Paris-based metaverse startup that raised €3 million in October 2022The post France’s metaverse market to grow 31.5% to $6.7B in 2023 appeared first on CoinJournal.

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INJ/USD rally stopped at $10Horizontal resistance is likely to be tested againThe bias remains bullish while the price holds above $5INJ/USD has outperformed other cryptocurrency pairs in 2023. At the start of the year, it was trading below $2, but in a matter of just a few months, the price spiked all the way to $10.It met resistance again at the pivotal area, but if the bullish conditions persist, it is unlikely that the horizontal resistance will hold again. Ideally, for bulls, the market should form a consolidation below the resistance area, which might take the form of a triangle, as the market needs some time to build energy for another leg higher.MediaInjective chart by TradingViewWhat would invalidate the bullish scenario?Injective has a market capitalization of $580 million, and in the last 24h the trading volume exceeded $135 million. In other words, the INJ/USD pair is liquid and heavily traded.The bias should remain bullish while the price remains above the previous ascending triangle. The horizontal resistance of the previous triangle should offer support on further declines.INJ/USD is the perfect example of why speculators love the cryptocurrency market. While the volatility in the classic FX market declined this week to a 1-year low, it remains elevated in the cryptocurrency market, offering plenty of opportunities to speculate.From a technical perspective, Injective should press against the $10 resistance area sooner rather than later. A failure to do so in the near future will shift the bias from bullish to bearish, especially if the market declines below $5.The post INJ/USD price forecast after another rejection at $10 appeared first on CoinJournal.

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Key TakeawaysBitcoin has been tightly range-bound for last month, its 10% fall this week its biggest move since the banking crisisDan Ashmore, our Head of Research, warns that volatility will return before longOver 50% of stablecoins have left exchanges and orderbooks are thin, he writes, meaning there is less needed to move the priceT-bills paying 5% have pulled capital from the space, leaving Bitcoin more open to big price movesDirection will depend on interest rate policy, with economy at crucial juncture<a href="https://coinjournal.net/bitcoin/">Bitcoin</a> has pulled back over the last week, the orange coin dipping 10% from just north of $30,000 to $27,200. But the remarkable thing about this price move is how unremarkable it is. Bitcoin has been extremely tightly bound since the banking crisis subsided over the last month, its daily moves notably gentle compared to its usual extreme volatility. This relatively benign 10% move – Bitcoin has printed a 10% candle in seconds before – amounts to the largest move since the banking crisis subsided and Bitcoin propelled upwards as interest rate forecasts softened.  In fact, when you plot the average of the last 30 days of price moves, this past month is now close to flat, but history shows that it has never stayed around that placid level for long.  We can be particularly certain that volatility will return this time around. That is because one of the key factors in heightened volatility is as prominent as ever in the Bitcoin markets: a lack of liquidity. With less liquidity, there is less money needed to move prices. And right now, liquidity is as thin as it has been in quite a while. Since the exit of Alameda in the aftermath of the disastrous <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">FTX collapse</a>, order books have been shallow. Looking at stablecoin balances on exchanges is another indicator of this. I put together a <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/">deep dive</a> recently analysing the extraordinary outflow of stablecoins from exchanges: 45% of the total balance has fled exchanges in the last four months. The updated figure is over 50% of stablecoins gone since December.  In a world where interest rates have ballooned at the fastest rate in recent memory, while yields in the crypto space fall, perhaps this is not surprising. T-bills are now paying over 5%, while crypto investors have seen countless blowups in the space – Celsius, Terra and FTX – while sentiment has collapsed and fear flooded the market. When there is a US government-guaranteed investment paying 5.1%, why would anyone hold a stablecoin with the risks that flooded the market over the last year? And so, while Bitcoin has been trotting a relatively peaceful path over the past month, the party on the charts will return before long. With thin liquidity comes heightened volatility, meaning if there is a trigger in the market, Bitcoin’s price could very likely move further than what it otherwise would. In fact, looking at the volatility metrics, while it has dipped in the last two weeks, realised volatility was the highest since June 2022 <a href="https://coinjournal.net/news/bitcoin-price-volatility-and-profits-are-all-the-highest-since-june-2022-but-why-and-will-it-continue/">earlier this month</a>. So while the price moves have been cancelling each other out as Bitcoin oscillates within a tight window, counter-intuitively, the volatility is still high.  The trillion-dollar question, of course, is which direction will it go.I’m not smart enough to predict that with any degree of confidence in the short term, but whichever way it moves, it will depend on macro conditions. Bitcoin continues to hold the stock market’s hand, its correlation with the tech-heavy Nasdaq especially high.  With financial markets still so dependent on interest rates, the word of Jerome Powell and the Federal Reserve will remain key. Backing…