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…

XRP price has come under intense pressure in the past few days as the recent crypto comeback started fading. Ripple dropped to a low of $0.4384, which is about 21% below the highest point this month, meaning it has moved to a bear market. Why is Ripple falling?XRP price is falling because of its close correlation with Bitcoin, the biggest cryptocurrency in the world. In most periods, altcoins like XRP and ADA tend to rise when Bitcoin is rising and vice versa. Therefore, since there have been no major Ripple news, we can cite the recent decline to the overall decline of BTC. This price also mirrors the performance of American stocks. The Nasdaq 100 index has moved sideways in the past few days and is about 1.78% below the highest point this month. In most periods, cryptocurrencies also have a correlation with American stocks.The next key Ripple news to watch will be the upcoming verdict in the ongoing civil lawsuit by the Securities and Exchange Commission. The SEC alleges that Ripple violated securities laws when it sold XRP to investors without registering with the agency.It is still unclear when the judge will deliver the court’s verdict. It is also unclear how XRP will react to the verdict. However, I believe that the end of the case will be positive for Ripple because I suspect that the outcome will be a fine or an exoneration.Meanwhile, Ripple recently launched the Ripple Liquidity Hub as it seeks to provide more solutions to businesses. The service is making it possible for businesses to access simple and seamless ways to manage liquidity needs. It is also enabling people to manage fiat, cryptocurrencies, and CBDCs among others.XRP price predictionMediaThe 4H chart shows that the Ripple price has dropped sharply after hitting the key resistance point at $0.5826 on March 29. The coin has flipped the key level at $0.5568 from a support into a resistance. It has moved to the 25-day and 50-day exponential moving averages. Ripple has moved slightly above the key support at $0.4326, the highest point on January 22. It has also formed a small bearish pennant pattern. Therefore, for now, there is a likelihood that the coin will have a bearish breakout as sellers target the key support level at $0.400, which is about 12% below the current level.How to buy Ripple eToro eToro 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 XRP with eToro today Disclaimer Bitstamp Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods. Buy XRP with Bitstamp today The post As XRP price moves into a bear market, is it safe to buy the dip? appeared first on CoinJournal.

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Key takeawaysCrypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC).Coinbase wants the agency to provide a yes or no to Coinbase’s request for the commission to draft and approve a digital asset-specific rule.Cathie Wood’s Ark Invest has purchased $8.6 million worth of Coinbase stock.Coinbase sues US SECCoinbase, one of the leading crypto exchanges in the United States, has filed a lawsuit against the United States Securities and Exchange Commission.The lawsuit comes after the crypto exchange filed a petition with the SEC last summer. Coinbase wants the securities regulator to provide a yes or no to its request for the commission to draft and approve a digital asset-specific rule.Coinbase’s chief legal officer Paul Grewal wrote in a blog post on Monday, stating that;“From the SEC’s public statements and enforcement activity in the crypto industry, it seems like the SEC has already made up its mind to deny our petition. But they haven’t told the public yet. So the action Coinbase filed today simply asks the court to ask the SEC to share its decision.”The crypto exchange can also file another lawsuit to try to make a federal court force the SEC to make a new rule if the regulatory agency declines.The SEC and Coinbase are currently in what could become a long legal battle. Last month, the SEC served Coinbase with a Wells Notice, indicating that it is looking into Coinbase’s activities for potentially violating U.S. securities laws.Coinbase’s CEO revealed last week that the crypto exchange could relocate to another country if the regulatory unclarity in the United States persists. Ark Invest loads up on Coinbase stockArk Invest, an American investment management firm run by CEO Cathie Wood, continues its buying spree of Coinbase’s stock. The ARK Innovation ETF purchased 122,083 shares in Coinbase, the ARK Fintech Innovation ETF, meanwhile, bought 14,633 shares, while the ARK Next Generation Internet ETF added 20,327 shares, totalling $8.6 million.Cathie Wood’s Ark Invest remains one of the biggest Coinbase shareholders despite selling $13.5 million worth of the stocks last month. The post Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock appeared first on CoinJournal.

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Chamath Palihapitiya, a top tech investor and crypto bull, says regulators have killed crypto in the United States.He notes that regulators have their guns trained at crypto, highlighting regulatory uncertainty and the crackdown on crypto companies. Palihapitiya said in 2021 that Bitcoin had replaced gold, predicting that BTC would rise to $200,000.Tech billionaire Chamath Palihapitiya, a long time bitcoin bull who once predicted the price of the flagship cryptocurrency will rise to $200,000, saying BTC had replaced gold, has commented on the state of the crypto industry in the United States.He says the regulatory uncertainty has killed the crypto innovation in the country.Crypto dead in the US thanks to regulatorsIn comments shared via an episode on the All-In podcast, Palihapitiya warned that “crypto is dead in America.” The venture investor’s remarks came a few days after the crypto industry largely criticized the overall outlook of the crypto regulation in the US following SEC Chair Gary Gensler’s appearance during a congressional hearing.According to Palihapitiya, regulators are largely to blame for crypto’s demise in the country, highlighting Gensler’s comments that appeared to connect crypto to Silicon Valley Bank’s collapse. Blaming the recent banking crisis on the crypto sector was the US authorities having their guns firmly pointed at crypto, the investor said.US regulators have over the past few months tightened their crackdown on crypto, with crypto exchanges Coinbase, Kraken, Bittrex among those targeted.While Coinbase CEO Brian Armstrong recently said the company could relocate if the regulatory environement did not improve, Bittrex plans to wind down its US operations following the SEC charges citing regulatory uncertainty. Coinbase also sued the SEC on Monday with the complaint against the agency relating to a rule making petition the exchange filed in July 2022.The post “Crypto is dead in America,” tech investor Chamath Palihapitiya says 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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The testnet allows developers and users to test dApps and bugs.Users will have to connect to the Venom Wallet and claim free testnet allocation to participate.dApps that can be tested include Venom Scan, VenomPools, Venom Bridge, Venom Stake and Web3.WorldVenom Foundation, a decentralised network aimed at accelerating Web3 development and which is licensed by the Abu Dhabi Global Market (AGDM), has announced the public testnet for its Layer-1 blockchain.Venom is designed as a highly scalable blockchain infrastructure supporting all types of decentralised applications. According to the foundation, the testnet going live marks a key milestone for the L1 ahead of its mainnet launch. Other than the testnet, Venom has also released multiple decentralized applications (dApps) developed in-house as part of the L1’s growing ecosystem.“We’re excited to announce the launch of Venom’s public testnet, a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand,” Peter Knez, the Chair of the Venom Foundation Council, said in a press release.Users can test various dAppsWith the launch of the testnet, both ecosystem users and developers on the Venom network can now proceed to test and debug various protocols and dApps. To access the testnet, users have to first download the Venom Wallet – which is available on mobile (in the Apple App Store and Google Play Store) and desktop as a Chrome extension. Once they claim a free testnet allocation, developers and other ecosystem users can begin to test-strain the network.dApps that users on the Venom testnet can look to experience include Venom Wallet, Venom Scan, VenomPools, Venom Bridge, Venom Stake, Web3.World, WeUp, NFT Mint and Oasis.Gallery.The Venom Foundation says the program should boost community building and further innovation within the ecosystem.The post Venom Foundation announces public testnet of its L1 blockchain appeared first on CoinJournal.

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Web3 is a constantly-evolving sector of technology, and blockchains continue to grow in stature. Early-stage crypto investors are constantly on the lookout for the next 100x investment opportunity, as successful projects can post significant gains from their earliest stages of development.The Shiba Inu price prediction in 2021 led to massive returns for investors as SHIB almost flipped Dogecoin (DOGE) to become the most valuable meme coin in Web3. Investors are now eyeing Metacade (MCADE) as a similar opportunity, but there are some critical differences between the projects that could serve MCADE well over the coming years.Metacade continues to progress, while the Shiba Inu price prediction targets DogecoinShiba Inu’s price prediction has declined rapidly since it reached its all-time high in 2021. However, it brings a unique set of characteristics compared with Dogecoin, as the Shiba Inu blockchain is compatible with Ethereum Virtual Machine and can support the development of decentralized applications (dApps).While the Shiba Inu price prediction may struggle to break key resistance areas during 2023, it remains the second-largest meme coin behind Dogecoin. The Shiba Inu price prediction will likely benefit from a layer-2 scalability solution called Shibarium, which means that it could overtake Dogecoin to become number one over time.Metacade’s token presale raised $16.4m as investors sought to gain a stake in the future of the metaverse arcade. The project is the first community-driven initiative of its kind and will bring vast play-to-earn utility onto the Ethereum blockchain.Both the Dogecoin and Shiba Inu price predictions have declined since the 2021 bull market, while Metacade represents a fresh opportunity for investors. The native MCADE token has innate utility on the platform, which gives it a natural advantage over popular meme coins.What is Shiba Inu?Shiba Inu (SHIB) is a meme coin cryptocurrency that gained a lot of attention when it took the crypto charts by storm during the last bull run.  It is a decentralized community-led token and independent blockchain that was forked from Ethereum. It’s often referred to as the “Dogecoin Killer” due to its big selling point of supporting the Ethereum Virtual Machine (EVM).Created in August 2020, SHIB grew rapidly as an EVM-compatible alternative to Dogecoin. The token rose to prominence after half of the total supply was airdropped to Vitalik Buterin, who famously <a href="https://u.today/410-trillion-shiba-inu-shib-burn-by-ethereums-vitalik-buterin-might-be-biggest-of-all-time-details#:~:text=In%20May%202021%2C%20Ethereum%20co-creator%20Vitalik%20Buterin%20burned,been%20unwillingly%20gifted%20half%20of%20SHIB%27s%20total%20supply.">burned at least 90% of his tokens</a> – an amount later worth over $6bn. Shiba Inu can support the development of decentralized applications, including DeFi services, play-to-earn games, and much more.Shiba Inu price prediction 2023: Can SHIB reach $0.00001343?The Shiba Inu price prediction has weakened considerably since it peaked in 2021. SHIB is currently at a multi-month resistance level and may struggle to break through $0.000012, but could target higher levels before the end of the year if it successfully turns this level into support.Beyond 2023, SHIB will likely target higher resistance levels as it seeks to reclaim its previous all-time high during the next crypto bull market. Two key resistance areas for the long-term Shiba Inu price prediction are $0.00002 and $0.00003, which SHIB could reach by 2025.What is Metacade?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=48">Metacade</a> is a newly-launched project that aims to build the largest games arcade on the blockchain. It will contain a vast selection of different play-to-earn games on a single platform, each offering integrated financial rewards to players.The project’s ethos is to create a central hub for the Web3 community on the Ethereum blockchain. Metacade…

DigiToads (TOADS) offers an innovative approach to the NFT space and a promising investment opportunity.LDO is the native token of popular liquid staking platform Lido DAO.Meanwhile, Toncoin’s TON has the potential to benefit from the massive Telegram community and the social media giant’s involvement in The Open Network blockchain. From decentralised finance (DeFi) to non-fungible tokens (NFTs), the crypto space is evolving rapidly.As the <a href="https://coinjournal.net/news/category/markets/">markets</a> evolve and <a href="https://coinjournal.net/news/tag/cryptocurrency/">cryptocurrency</a> becomes a viable investment option, more and more investors are looking at the next big opportunity. While the more established coins like Bitcoin and Ethereum remain top assets for any portfolio, <a href="https://digitoads.me/cjl">DigiToads (TOADS)</a>, Lido DAO (LDO), and Toncoin (TON) offer promising potential for growth and profitability. Here is an outlook for the three altcoins and why they may be well-positioned to take advantage of the latest trends. <a href="https://digitoads.me/cjl">DigiToads</a>DigiToads sits on the top tier of the three altcoins that have the potential to soar in 2023. DigiToads is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). The project aims to provide its users with a fast, low-cost, and user-friendly trading experience while offering them unique benefits, such as liquidity provision incentives and staking rewards. DigiToads also features a governance token (TOAD) that allows its holders to participate in the decision-making process of the platform and earn rewards for doing so. A big highlight of DigiToads is its presale. The presale of DigiToads is up and going in full swing. 86% of the total TOADS token has already been sold, and we still have time till the end date. This presale offers a chance to buy into an exciting new project. <a href="https://digitoads.me/cjl">>> Buy DigiToads Now <<</a>Lido DAO<a href="https://coinjournal.net/lido-dao/">Lido DAO</a> is another altcoin on many investors’ watchlists. Lido DAO, founded in December 2020, is a Decentralized Autonomous Organization that facilitates Ethereum liquid staking. The platform seeks to overcome the challenges associated with traditional staking by allowing users to stake their assets without locking them up for prolonged periods. The LDO project has swiftly emerged as <a href="https://coinjournal.net/news/best-liquid-staking-tokens-for-january-2023/">one of the best liquid staking tokens</a>, attracting over $13 billion in staked assets in less than a year of its launch. Additionally, the platform features a referral program that rewards users with LDO tokens for introducing others to stake on the platform. Lido DAO has implemented a safelist feature for its referral program, ensuring that incentives are only distributed to Lido DAO-approved partners.TonCoinThe Open Network (TON) has its cryptocurrency, <a href="https://coinjournal.net/toncoin/">Toncoin (TON)</a>, and operates as a decentralized Layer-1 blockchain network. The project was initially developed by Telegram before it fully became a community-run platform following legal action by the SEC. After a slow start, Toncoin has been experiencing significant activity lately, largely due to Telegram’s recent focus on creating a decentralized blockchain ecosystem.As a result, Toncoin boasts one of the most extensive crypto communities, with a loyal and bullish following that believes in its potential. The community is committed to supporting the project and remains optimistic about its future success.In 2023, several <a href="https://coinjournal.net/news/tag/crypto-exchange/">crypto exchanges</a> and traders are rating TonCoin highly. So, holding this coin might be a great addition to your portfolio..DigiToads (TOADS), Toncoin (TON) Lido DAO (LDO): SummaryDigiToads, Lido DAO, and Toncoin are three altcoins investors might want to look at and consider holding for 2023. DigiToads’ innovative approach to the NFT space…

<strong>Tel Aviv, Israel, April 25th, 2023, Chainwire</strong><a href="https://web3.tinytap.com/">TinyTap</a><strong>,</strong> a subsidiary of <a href="https://urldefense.com/v3/__https:/zwly9k6z.r.us-east-1.awstrack.me/L0/https:*2F*2Fwww.animocabrands.com*2F/1/010001804ca36ff6-255a7343-d909-41f3-971c-142a2309059a-000000/1omEQp5g3rK5LBKv44XtS6U2wrs=267__;JSUl!!ONfqSE10Kw!8g26k-RQX7OtGTBY4AfEo7N3-LVjdDx5VHcj7MHLnVodKZ1MSEwE4JPjlUMjDSXqQemC5JDmvALviM4ZWrJ3d_GCUaY%24">Animoca Brands</a> and the leading edtech platform for user-generated educational games, today announced that it has raised US$8.5 million from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others. The funding will be used to support TinyTap’s business expansion and accelerate development in the edtech space.The investment will enable TinyTap to continue to expand its successful Web2 platform, which already serves over 9.2 million registered members, into an alternative Web3 education system that better values teachers by improving the earning opportunities available to them, and enables parents and communities to support and promote their preferred educational materials.TinyTap launched its Web3 strategy in 2022 with two successful auctions of Publisher NFTs, which generated 243 ETH (approximately US$352,000 at times of auction). Publisher NFTs are a new concept introduced by TinyTap to better empower, reward, and incentivize educational content creators and publishers.Each Publisher NFT represents co-publishing rights to one TinyTap Course, which is a curated bundle of educational games made on the TinyTap platform by one teacher in one specific subject. When these NFTs are sold, the proceeds are shared with the Course creators, and the NFT buyers assume the role of co-publishers. In return for promoting and marketing the associated Courses, the buyers share in the benefits generated from co-publishing efforts.Since the TinyTap Publisher NFTs were auctioned in Q4 2022, the average income to NFT buyers resulting from their co-publishing efforts amounted to approximately 8.2% (or 19.7% annualized) of the purchase price of the Publisher NFTs*.The Publisher NFT model is therefore able to simultaneously benefit the creators of educational content, the buyers of the Publisher NFTs, and TinyTap. This frees the creators to focus their efforts on generation of quality content, while TinyTap and the buyers of Publisher NFTs distribute and promote the content.Misa Matsuzaki owns two Publisher NFTs and earned about $7,823 from November 2022 to March 2024 by co-publishing the associated courses. She commented: “TinyTap helps teachers to actualize great ideas into educational content that can be accessed regardless of location – for example, one of the courses I bought was adapted for Japan. I did the first translation and voice over myself with the help of the TinyTap  team. I look forward to seeing how Japan will welcome these exciting new possibilities in education! I would like to see more use cases like TinyTap Publisher NFTs, which are so much more interesting than just having NFTs sitting in our wallet!“Yogev Shelly, CEO of TinyTap, commented: “Our Publisher NFTs genesis auctions demonstrated that the Web3 community is well suited and willing to support educators and educational content via this new powerful and equitable incentive system. By pairing educational content creators with interested promoters, we are able to benefit all parties fairly and take a significant step in our goal to put the power of learning back in the hands of educators, students, and the community.”Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “Teachers and educators are among the most important content creators and contributors in  society, and yet their wages typically do not reflect their critical importance. This is why we’re incredibly excited at the Web3 opportunities that TinyTap is exploring in the field of education. Having already…

Celo Network announced on Tuesday that it had joined Chainlink’s SCALE program.The mobile-first, EVM compatible blockchain platform will benefit from high-quality, low cost oracle services.Chainlink oracle nodes will power Data Feeds on Celo.Celo (CELO), a mobile-first, EVM compatible blockchain network, has joined the Chainlink SCALE program as it looks to tap into the oracle data and services of Chainlink (LINK) to accelerate Celo ecosystem adoption.According to a press announcement the Celo Foundation published on Tuesday, the development comes after a community approval of a proposal that outlined the partnership. The Celo governance forum approved the proposal with 99% yes in the on-chain vote in March.SCALE to boost Web3 mobile applications on CeloSCALE is a program that seeks to boost sustainable growth for L1 and L2 blockchains by providing developers access to high-quality, but low-cost oracle services.“Through the strategic deployment of resources, Celo will cover operating costs for Chainlink oracle nodes powering Data Feeds on the Celo Network. As the Celo ecosystem expands, dApp fees can eventually cover the full operating costs of Chainlink nodes,” Chainlink announced via its official Twitter account.Joining the initiative does not just give Celo developers access to industry-leading oracle services; it means projects can now look to minimized gas fees, with Celo able to support development of next-generation mobile applications.Xochitl Cazador, Head of Ecosystem Growth at the Celo Foundation, said the collaboration is a key step towards long-term sustainability for the blockchain.“Developers building on Celo now have access to Chainlink’s oracle services, enabling the next generation of highly scalable Web3 mobile applications. We welcome Chainlink to the Celo community and look forward to the continued growth and collaboration between our communities.”The post Celo (CELO) blockchain joins Chainlink’s SCALE program appeared first on CoinJournal.

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<strong>Tel Aviv, Israel, April 25th, 2023, Chainwire</strong><a href="https://web3.tinytap.com/">TinyTap</a><strong>,</strong> a subsidiary of <a href="https://urldefense.com/v3/__https:/zwly9k6z.r.us-east-1.awstrack.me/L0/https:*2F*2Fwww.animocabrands.com*2F/1/010001804ca36ff6-255a7343-d909-41f3-971c-142a2309059a-000000/1omEQp5g3rK5LBKv44XtS6U2wrs=267__;JSUl!!ONfqSE10Kw!8g26k-RQX7OtGTBY4AfEo7N3-LVjdDx5VHcj7MHLnVodKZ1MSEwE4JPjlUMjDSXqQemC5JDmvALviM4ZWrJ3d_GCUaY%24">Animoca Brands</a> and the leading edtech platform for user-generated educational games, today announced that it has raised US$8.5 million from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others. The funding will be used to support TinyTap’s business expansion and accelerate development in the edtech space.The investment will enable TinyTap to continue to expand its successful Web2 platform, which already serves over 9.2 million registered members, into an alternative Web3 education system that better values teachers by improving the earning opportunities available to them, and enables parents and communities to support and promote their preferred educational materials.TinyTap launched its Web3 strategy in 2022 with two successful auctions of Publisher NFTs, which generated 243 ETH (approximately US$352,000 at times of auction). Publisher NFTs are a new concept introduced by TinyTap to better empower, reward, and incentivize educational content creators and publishers.Each Publisher NFT represents co-publishing rights to one TinyTap Course, which is a curated bundle of educational games made on the TinyTap platform by one teacher in one specific subject. When these NFTs are sold, the proceeds are shared with the Course creators, and the NFT buyers assume the role of co-publishers. In return for promoting and marketing the associated Courses, the buyers share in the benefits generated from co-publishing efforts.Since the TinyTap Publisher NFTs were auctioned in Q4 2022, the average income to NFT buyers resulting from their co-publishing efforts amounted to approximately 8.2% (or 19.7% annualized) of the purchase price of the Publisher NFTs*.The Publisher NFT model is therefore able to simultaneously benefit the creators of educational content, the buyers of the Publisher NFTs, and TinyTap. This frees the creators to focus their efforts on generation of quality content, while TinyTap and the buyers of Publisher NFTs distribute and promote the content.Misa Matsuzaki owns two Publisher NFTs and earned about $7,823 from November 2022 to March 2024 by co-publishing the associated courses. She commented: “TinyTap helps teachers to actualize great ideas into educational content that can be accessed regardless of location – for example, one of the courses I bought was adapted for Japan. I did the first translation and voice over myself with the help of the TinyTap  team. I look forward to seeing how Japan will welcome these exciting new possibilities in education! I would like to see more use cases like TinyTap Publisher NFTs, which are so much more interesting than just having NFTs sitting in our wallet!“Yogev Shelly, CEO of TinyTap, commented: “Our Publisher NFTs genesis auctions demonstrated that the Web3 community is well suited and willing to support educators and educational content via this new powerful and equitable incentive system. By pairing educational content creators with interested promoters, we are able to benefit all parties fairly and take a significant step in our goal to put the power of learning back in the hands of educators, students, and the community.”Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “Teachers and educators are among the most important content creators and contributors in  society, and yet their wages typically do not reflect their critical importance. This is why we’re incredibly excited at the Web3 opportunities that TinyTap is exploring in the field of education. Having already…