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…

Peter Lynch reveals that he does not own any cryptocurrency.He’s sticking to his ‘buy what you know’ investment strategy.Lynch regrets not investing in Apple and Nvidia in recent years.Bitcoin has massively outperformed equities since the start of this year but legendary investor Peter Lynch continues to prefer the latter.Lynch does not own any cryptocurrencyOn Tuesday, the Vice Chairman of Fidelity Management & Research confirmed that he’s not exposed to cryptocurrencies.Interestingly, Lynch is familiar with the technology that powers the crypto space. Still, he said today on CNBC’s “Squawk Box”:I do understand blockchain. I know how it works. But what bitcoin is going to be, I have no idea. I don’t own any bitcoin or ether coin.Lynch is keeping away from BTC even though he knows the total supply of it will be cut in half next year – an event that usually translates to higher price.Lynch is sticking to ‘buy what you know’Bitcoin has now slipped back to the $27,000 level but is still keeping above a key support suggesting the bullish sentiment is still there.But for years, Fidelity’s Peter Lynch has recommended that investors “buy what they know” – and to him, that means stocks. Explaining how to pick stocks and when to pull out of them, he said:Look at the company, the balance sheet. What’s the reason stock should be higher? When companies go from crappy to semi-crappy to good, stock goes up. When business gets terrific, get out.Lynch expressed regret today for not investing in a number of large-cap tech companies in recent years, particularly Apple Inc and Nvidia Corporation.The post Crypto vs stocks: legendary investor Peter Lynch takes a side appeared first on CoinJournal.

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Dubai, United Arab Emirates, April 25th, 2023, ChainwireThe team at Unizen, operating the Web3 ecosystem found at zcx.com, is pleased to announce a strategic partnership with the team at THORChain. Specifically, Unizen has integrated the THORChain settlement layer to enable swaps between ETH (Ethereum) and AVAX (Avalanche C-chain) to BTC (Bitcoin) and vice versa.“THORChain has devised an exceptionally refined solution that has proven resilient against the trials of time and fluctuations in market conditions, facilitating decentralized liquidity for assets on non-programmable chains.”, says Martin Granström, CTO of Unizen. “This made THORChain the obvious selection for empowering trades on the Unizen Trade platform involving Bitcoin, Litecoin, Dogecoin, and additional cryptocurrencies.”“Unizen is an excellent venue to offer cross-chain swaps powered by THORChain. The industry has been slowly moving from centralized swap services to DeFi protocols. The goal is to bring the centralized exchange trading experience to users while maintaining the security of self custody”, says Gavin McDermott, CEO of Nine Realms. “Unizen already offers a best-in-class experience as a DEX aggregator and we are excited to help them expand their cross-chain routes with native Bitcoin and more.”About UnizenUnizen is a cutting-edge operating system for Web3 applications that enables users to seamlessly, cost-efficiently, and securely interact with all things Web3. It is designed to provide a non-custodial, unified user experience for interacting with various Web3 applications and assets, regardless of the underlying blockchain technology. Unizen uniquely solves the complexities, accessibility, costs and interoperability issues plaguing the DeFi space.WebsiteTwitterDiscordTelegramInstagramMediumAbout THORChainTHORChain is a cross-chain liquidity protocol that facilitates the exchange of native digital assets on multiple blockchains including Bitcoin, Ethereum, BNB Chain, Avalanche, Bitcoin Cash, Litecoin, Dogecoin, and Cosmos Hub. THORChain does not use wrapped assets or external dependencies like oracles. It is permissionless to become a validator, add liquidity, or make a swap. Dozens of wallets, exchanges, and DEX aggregators make use of THORChain’s liquidity to offer in-kind yield and cross-chain swaps to their users.WebsiteMediumTwitterContactSean David Noga, sean@unizen.ioThe post Unizen (ZCX) enters a strategic partnership with THORChain (RUNE) appeared first on CoinJournal.

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Binance.US has reportedly terminated its deal for assets of Voyager Digital.The $1 billion deal had been approved by a US court.The price of VGX, the native Voyager token, fell more than 10% after the news.Binance.US has terminated its acquisition deal for the assets of Voyager Digital, according to a tweet posted on the bankrupt crypto lender’s Twitter account.“Today we received a letter from Binance.US terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform,” the announcement read.1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform.— Voyager (@investvoyager) April 25, 2023The Voyager token VGX fell more than 10% after the news, trading to lows of $0.317.The purchase agreement for Voyager assets has been somewhat on and off, with Binance.US first being blocked from the deal by US authorities before a court allowed it to proceed. Despite the latest setback, the Voyager Chapter 11 plan team says the key is to return value to the platform’s customers.“Consistent with the plan, we will now move swiftly to return value to customers via direct distributions. We will provide more information on next steps and any actions customers need to take in the coming days,” the tweet read.Voyager filed for bankruptcy in July 2022 after a market turmoil amid contagion forced it to halt withdrawals.Binance.US had not released a statement on the development at the time of going to press.The post Binance.US terminates $1 billion deal for Voyager assets appeared first on CoinJournal.

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Bitfinex and Penguin Academy collaborate on a three-week coding bootcamp for women in Paraguay.The bootcamp will look to empower women in tech as from 3rd-24th May, 2023.Course curriculum includes fundamentals of Python coding as well as blockchain,IoT and robotics.Bitfinex, a leading digital asset trading exchange, has announced its sponsorship of an upcoming coding bootcamp dedicated exclusively to women.In a press release shared with CoinJournal on Tuesday, Bitfinex said it would be partnering with the Penguin Academy, to offer the three-week introductory coding course.  The bootcamp will run from 3rd to 24th May, 2023, in Ciudad del Este, Paraguay.“We are delighted to collaborate with Penguin Academy to introduce this invaluable academic opportunity to women in Paraguay. The power of code is evident in Latin America where it can act as a powerful tool, especially in the hands of women who are then empowered to build and deploy novel solutions to benefit their communities,” said Claudia Lagorio, the Chief Operating Officer of Bitfinex.Bitfinex’s support for the program demonstrates its strong commitment towards the use of technology to promote individual freedom across “underserved communities worldwide,” Lagorio added.Course includes microelectronics, robotics and IoTThe course curriculum, crafted by Penguin Academy, will feature basic Python coding, blockchain and microelectronics. Participants will also benefit from invaluable workshops in web development, robotics and IoT.Students will also benefit from networking opportunities, with multiple events lined up for this – including meet and greets, career nights and speed dating.Oganisers have planned for a five-day hackathon to end the bootcamp, with a demo day seeing the top three contenders awarded scholarships for the Plan B Summer School set for Lugano, Switzerland. The partnership with Penguin Academy is the latest Bitfinex program that champions for individual freedom and financial inclusion via technological innovation. The crypto exchange was founded in 2012.Penguin Academy, also founded in 2012, has run its coding bootcamp in Switzerland, Germany, Bulgaria, China, and the Philippines. The bootcamp landed in Paraguay in 2019 and has seen over 2000 young people trained.The post Bitfinex sponsors women coding bootcamp in Paraguay appeared first on CoinJournal.

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$0.6 offers a strong horizontal resistanceThe bias remains bullish while the market holds above the 2023 lowsA daily close above $0.6 should trigger more upsideIt must have been a frustrating second half of the last year for cryptocurrency investors. As the dollar began to weaken, major stock market indices bounced. But the dollar’s weakness was not seen in the cryptocurrency market until the very last days of the year. Moreover, the divergence continued from last October, when the stock market bottomed, until the last trading days of the year. Only in 2023 things changed. Leading cryptocurrencies rallied, led by Bitcoin. Some bounced stronger than others. In the case of XRP/USD, it met horizontal resistance at $0.6, a level that provided support in 2021. MediaXRPUSD chart by TradingViewA daily close above $0.6 would be bullish for XRP/USDAfter trading above $1.8 in 2021, when the entire cryptocurrency market rallied, Ripple gave up a big chunk of its gains. On the way down, the market met support at $0.6 for over a year. Eventually, the support gave way as the bears were in control. But now, the same area that acted as support acts as resistance. In technical terms, this is called the interchangeability principle (i.e., support becomes resistance and vice versa). If the bottom carved in the late days of 2023 is here to stay, then the focus is on the $0.6 area. A daily close above would be bullish, and the next immediate target would be $0.8. However, only a break above parity would shift the bias from bearish to bullish. All in all, XRP/USD looks constructive here. As long as the lows hold, the chances are that the market is only building energy for another attempt at the $0.6 level. The post XRP/USD fails at horizontal resistance, but the bullish bias remains appeared first on CoinJournal.

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Key takeawaysCircle’s CEO Jeremy Allaire has blamed the banking crisis in the United States for USDC’s recent struggles.USDC has lost roughly $13 billion of its value in recent months.Allaire says investors are de-risking outside of the US, and this is affecting USDC.Allaire blames US crackdown for recent strugglesJeremy Allaire, the CEO of Circle, USDC’s issuer, has blamed the government for the stablecoin’s recent struggles. He mentioned this during an interview with Bloomberg on Wednesday, April 26th.According to the Circle CEO, investors are looking to de-risk out of the United States due to the recent banking crisis that has rocked the country. Earlier this year, Silvergate Bank shut down its cryptocurrency operations, affecting numerous crypto companies, including Circle. The stablecoin issuer was forced to move its USDC reserve deposits out of Silvergate Bank as the financial institution continued to struggle.In the interview, Allaire told Bloomberg TV that;“We are seeing a huge amount of concern globally about the US banking system. We are seeing concern about the regulatory environment in the US.”Circle’s USDC temporarily lost its $1 peg during the banking crisis but regained its value as the market stabilised. Allaire has urged lawmakers in the United States to step up and provide clear regulation for the crypto space. He stated that;“The European Union, Hong Kong, Singapore and the Middle East are making progress on crypto rules, while the US is behind right now.”USDC Falls Behind Tether’s USDTCircle’s recent struggles have seen its stablecoin fall behind its nearest competitor, Tether’s USDT. Following the banking crisis, USDC’s market cap dipped by more than $13 billion, and it currently has a market cap of around $30 billion.This has allowed Tether’s USDT to cement its position as the leading stablecoin in the market. USDT has a market cap of $81 billion, nearly triple that of USDC, its nearest competitor. Circle also had roughly $3.3 billion stuck in the now-collapsed Silicon Valley Bank. The company has already indicated that it intends to cover any financial shortfalls resulting from the recent banking crisis.The post USDC’s struggles is due to US crackdown, says Circle’s Jeremy Allaire appeared first on CoinJournal.

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Render Network’s token jumped sharply on Wednesday.The community passed two key votes: RNP – 002 and RNP – 003. Render Token (RNDR) price surged to a key resistance level after the developers made a major milestone. The token surged to a high of $2.20, which was the highest point this month. In all, the token has been one of the best-performing cryptocurrencies after rising by more than 140% from the lowest level in March.Render Network newsThe main reason why the RNDR price surged is that the community completed the RNP-002 and RNP-003 votes. These were the most important votes in the community because they will change the architecture of the network.Precisely, RNP-002 means that Render Foundation can now move ahead with implementing the BME model on the Solana ecosystem. Solana is a leading blockchain that is known for its fast speeds and low transaction costs. Unlike Ethereum, Solana can handle thousands of transactions per second while the average cost is less than $0.01. Therefore, by using Solana, Render hopes that its users will work at a faster pace and save a lot of money in transaction costs.Meanwhile, the RNP-003 vote was known as the Resource Acquisition and Allocation for Core Team and Grants. The vote simply makes it possible for the Render Foundation to acquire and allocate resources in a bid to grow the ecosystem. The next stage is that these votes will be updated to Approved and on the Roadmap. The RNP voting process for RNP-002 and RNP-003 has officially come to an end!Here are the results and what they mean for the future of the Render Network.🧵— Render Network | RNDR (@RenderToken) April 26, 2023Render Token price predictionMediaThe daily chart shows that the RNDR price has been in a strong bullish trend in the past few months. It has jumped from a low of $0.8932 in March to a high of $2.20. The token has jumped above all moving averages.The current price means that the token has formed a double-top pattern. In price action analysis, this pattern is usually a bearish sign. Therefore, with the Solana integration news confirmed, there is a likelihood that the token will pull back.This is known as buying the rumours and selling the news. It happens when investors buy an asset ahead of a major event and then sell when it happens. If this happens, the next key level to watch will be the neckline of the double-top at $1.622.How to buy Render Network tokenThe post Why is the Render Token (RNDR) price surging? appeared first on CoinJournal.

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Key TakeawaysLong-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a yearOur Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchangesThis will kick up volatility in the short-term, leaving Bitcoin open to aggressive moves to both the upside and downsideLong-term the impact of a dwindling supply is a different discussion, but for now, risk is elevated in the already-risky crypto marketsA lot is made of the demand for <a href="https://coinjournal.net/bitcoin/">Bitcoin</a>. Are institutions giving up on it following a disastrous 2022 that saw the entire crypto sector go up in flames? Is the market moving back in now that interest rate forecasts have softened following the relentless rate hikes over the past year?But rather than the demand, it is the supply of Bitcoin that is often the more intriguing to look at. Famously sporting a fixed cap of 21 million coins, Bitcoin’s supply schedule is coded into the underlying blockchain. This quality has given rise to a million different theories around the future place – and price – of Bitcoin in the world. But there is another interesting analytical angle to Bitcoin: before the anonymous Satoshi Nakamoto launched Bitcoin in 2009, the world never had an asset that provided so much visibility over the supply distribution. The nature of the blockchain is that, while the individual holders are anonymous, the distribution of all coins is available for the world to see at all times. So, let’s have a look. Long-term holders are accumulating BitcoinCentral to many Bitcoin bulls’ long-term thesis is the idea that long-term holders will suck up supply, leading to an inexorable price rise. Looking at current holdings, two-thirds of the supply has not moved in a year. That is certainly a large number, and we will get into what that means in the next paragraph. Pushing the timeline further out, over half the supply (53.6%) has been stagnant for over two years, 39.7% has not moved in 3+ years, and 28.6% has been idle for 5 years or longer.  What does this mean for price?These are large numbers by any stretch. It is impossible to compare them to other asset classes, given that none are trackable on a ledger like the blockchain. Perhaps only commodities such as precious metals can compete with the above numbers, yet that is only speculation. But what does it mean? Is this a bullish sign? Well, yes and no. The immediate conclusion is that less supply means less demand is needed to push the price up, and the cap at 21 million Bitcoins certainly means if that demand keeps rising, the price has nowhere to go but up. However, there are mitigating factors here. The first is the reality that some of the above “long-term holders” are in fact just lost coins, be it through people who have passed away, forgotten about their coins or lost access to their wallets. Bitcoin creator Satoshi Nakamoto is one of those, the mysterious enigma holding approximately 1.1 million bitcoins, equivalent to a mammoth 5.2% of the supply. None of his/her/their coins have moved since they were mined back in the first eighteen months of Bitcoin’s existence. Not to get too tangential, but below is the value of Nakamoto’s holdings over the last 13 years, assuming a stash of 1.1 million Bitcoin from mid-2010. That is a <em>lot </em>of capital that holders must surely hope never floods the market.  Volatility to rise with less liquidity Regarding the impact of these large stashes of Bitcoin which are “removed” from circulation, the greatest impact – for now, at least – may be on the volatility rather than price. In the following chart, I have plotted the amount of Bitcoin sitting on exchanges, currently at a 5-year low.  Not only is the amount of Bitcoin on exchanges dwindling, but stablecoins are doing the same. Over half of the balance of stablecoins have flooded out of exchanges since December.   This means liquidity on both the demand and supply side of…

Band Protocol (BAND) price was up 16% to $1.90 as major exchanges including Binance announced support for its network upgrade.The uptick in cryptocurrency prices with Bitcoin (BTC) price bouncing to $29,000, also saw NEM (XEM) gain 4% to $0.04.The price prediction for BAND and XEM is for a continued bullish flip, although buyers need to hold critical support levels.Bitcoin (BTC) flipped higher from key support that has held over the past few days, with the bump to $29,000 providing a fresh bullish outlook for the cryptocurrency. With BTC price 6% up in the past 24 hours and crypto bouncing as new concerns hit the banking sector, a few altcoins look primed to make some decent moves.Band Protocol (BAND) and NEM (XEM) are green today, but what’s their short term price outlook?Band Protocol price prediction: BAND bullish above critical support levelThe Band Protocol network upgrade is coming on 27 April 2023 and the native BAND token is surging. Major exchanges, including Binance are set to support the upgrade, and that has the community excited. But what’s the BAND price outlook? BAND/USD recently broke down from a rising parallel channel on the daily time frame to hit support around $1.65. Today’s double digit gains (BAND price is up 16% at the time of writing) has the coin trading above both the 50-day and 200-day exponential moving averages.While the upside momentum is likely to push the price of Band Protocol higher, the key resistance zone is at the $2.0 psychological level. A bullish performance over the next few days could see buyers target $2.8.On the downside, failure to consolidate gains above the $1.8 level could leave sellers eyeing $1.33.MediaBand Protocol price chart. Source: TradingViewNEM price prediction: can XEM break higher this time?The XEM cryptocurrency has largely plateaued since its descent from highs of $0.77 reached in March 2021. Having corrected to lows of $0.028 in December 2022, XEM/USD flipped positive to hit $0.056 in February 2023.The cryptocurrency retested the $0.028 support level again today, 26 April 2023. But bulls are battling to recoup gains amid the overall crypto bounce.The coin currently trades near $0.04, with about 4% upside in the past 24 hours. But XEM remains negative on the week and in the past 30 days, trading 11% and 5% down respectively over these time frames.MediaXEM price outlook on the daily chart. Source: TradingViewA bearish crossover preceded the dip to the multi-month low and buyers have to reclaim $0.04 to extend today’s upside. Also, the daily RSI below the 50 line does not suggest much joy for bulls and a potential downward break to $0.033 and then $0.028 is a more likely short term scenario.The post Band Protocol (BAND) and NEM (XEM) price prediction as Bitcoin bounces to $29k appeared first on CoinJournal.

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iZUMi Finance (IZI) price dropped over 15% amid massive profit taking.The dump followed the token’s listing on major crypto exchange KuCoin.But while price could fall below $0.030, the cryptocurrency’s strong ecosystem growth could see increased IZI demand and aid price uptick down the road.iZUMi Finance (IZI) price fell more than 15% early Wednesday as the cryptocurrency’s market defied broader crypto prices outlook. IZI traded to lows of $0.032 as sell pressure mounted following the coin’s listing on major crypto currency exchange KuCoin.The dump is likely a “sell the news” scenario as the price of iZUMi Finance rose exponentially over the past few days. This after KuCoin announced it would list the native token of the multi-chain decentralised finance (DeFi) protocol.Even with today’s dip, IZI/USD was still trading more than 26% up in the past seven days and over 280% up in the past two weeks.iZUMi Finance price: sellers in control for IZI/USDWhile current price outlook suggests sellers might push IZI lower, the cryptocurrency is poised at a horizontal demand zone that has helped bulls for much of April. That suggests the profit taking could give way to new upside momentum.As for immediate price outlook, IZI/USD is likely to trade lower if bulls fail to keep $0.030. The hourly chart shows the token is trending towards the oversold territory though and could thus be due an upward flip should the $0.02 base hold. Otherwise, a dip to $0.011 could happen.MediaIZI price on the hourly chart. Source: TradingViewiZUMi Finance long term outlook: network strength keyA look at Izumi Finance’s network performance shows decent growth in total value locked (TVL). According to data on DeFiLlama, the TVL has risen sharply in the past 10 days – from under $2 million to over $25 million as of 26 April 2023.The DeFi protocol’s products iZiSwap, LiquidBox and DAO veNFT among others are also seeing greater uptake across the market. Indeed, the platform announced on Wednesday that it had closed a $22 million financing round for the on-chain order book iZiSwap Pro.The iZiSwap recently launched on zkSync Era, a future-proof zkEVM network helping to scale the Ethereum blockchain.Other than the KuCoin, iZUMi has also struck key partnerships with MEXC Global, Bybit, Woo Network, and BitDAO. iZUMi also has a security partnership with auditing platform secure3io.Building a strong platform amid the network pillars could inform long term demand for IZI and aid its price.The post iZUMi Finance price: profit deals dump IZI after KuCoin listing appeared first on CoinJournal.

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