As the play-to-earn (P2E) space continues to expand, many are looking to invest in crypto projects with a strong chance of capitalizing on the industry’s growth. One such project is Metacade, an up-and-comer that recently completed its sell-out presale raising $16.4 million. MCADE investors are now looking forward to the project being listed on top crypto exchanges.In this article, you’ll learn what Metacade is, why it’s attracted so much investment, and where experts think the MCADE token could end by late 2023. What is Metacade (MCADE)?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=53">Metacade</a> is a rising star in the GameFi space, providing an all-in-one community hub for P2E gamers. Its goal is to bring gamers, developers, and crypto enthusiasts together in a vibrant ecosystem, with the platform owned and operated by the community. Metacade offers its users a wide range of features designed to enhance the P2E gaming experience, like sub-forums for discussing individual games, real-time chat, and spaces for reading the hottest GameFi alpha. At the heart of Metacade is its native token, MCADE, which will serve as a utility and governance token within the platform. This token enables users to experience Metacade’s pay-to-play virtual arcade, vote on Metacade’s future, and earn rewards for contributing reviews, tips, and other helpful content to the community.Other features, like a job board, a decentralized funding scheme known as Metagrants, and regularly held gaming tournaments, have caused considerable buzz amongst the crypto community. The project’s $16.4 million presale was a sell-out success, with the MCADE token being listed for sale on Uniswap, soon followed by important listings on <a href="https://coinmarketcap.com/currencies/metacade/">CoinMarketCap</a>, Bitmart, and <a href="https://www.coingecko.com/en/coins/metacade/usd">CoinGecko</a>. Those invested in MCADE are excited about its upcoming listing on major crypto exchange MEXC in May, as well.What You Need to Know About Metacade (MCADE)With Metacade gearing up for listings on top crypto exchanges, it’s essential to understand what sets this platform apart from the competition and why it’s attracted so much attention from the P2E community.One of the most significant factors is the <a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=53">Metagrant</a> program, a potential game-changer for the P2E industry. The scheme offers funding to game developers earning the most votes from the community for their proposals, with the winning game added to Metacade’s virtual arcade. This decentralized approach allows the community to shape the future of P2E gaming directly, creating a grassroots fanbase for new titles and likely attracting thousands of players onto the platform.Metacade’s emphasis on community involvement and engagement makes it stand out in the crowded GameFi space. Metacade intends to give MCADE token holders the right to have their say in the platform’s direction through its decentralized autonomous organization (DAO), expected in 2024. Through the DAO and Metagrant program, Metacade ensures that its user base remains actively invested in both the platform’s success and the longevity of P2E gaming. In addition to its community-driven initiatives, Metacade is committed to helping players boost their P2E income. Not only does this mean offering the hottest GameFi alpha being shared by top players, but also includes a job and gig board. Here, users can find work in the Web3 and gaming industries and participate in casual game testing using Metacade’s native testing environment in return for MCADE tokens.Finally, Metacade’s upcoming listings on top crypto exchanges will undoubtedly increase its visibility and accessibility, drawing even more interest from those investing in the lucrative GameFi sector. This increased exposure will likely lead to further growth and…

When uncertainty hits the financial sector, the housing market is rarely far behind, causing nervousness among investment property enthusiasts. As the global banking crisis threatens to deepen, investment property experts are beginning to look to diversify their portfolios to protect their money from market fluctuations in real estate.One token that looks like a perfect fit for investors seeking to move funds away from the property market is AltSignals’ new ASI coin which has just launched its presale event. Here’s why ASI could record huge gains this year while investment property fans move away from the real estate market.AltSignals: New native ASI token has a bright future<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_investmentopportunity&utm_content=as_presale%20_1&utm_id=173">AltSignals</a> launched its online trading platform in 2017 and has quickly grown into one of the most trusted suppliers of high-quality trading signals. Over the past five years, the AltSignals community has grown to more than 50,000 members, of which 1,400 are VIP members, all of whom rely on the accurate and highly-informed trading signals powered by AltSignals’ pioneering AltAlgo™ trading indicator tool.The release of the ASI token is designed to support the implementation of a new AI-powered trading stack called ActualizeAI, which will augment the existing AltAlgo™ outputs with cutting-edge AI capability. This innovation is designed to turbocharge AltSignals’ outputs, taking them to unprecedented accuracy and moving the platform to the forefront of the AI/blockchain revolution.News of the ASI ICO has captured the imagination of AltSignals’ large existing community alongside interested onlookers in the investment community. Some interested parties could be investment property enthusiasts looking to protect their funds as real estate markets record growing uncertainty.What is AltSignals?AltSignals is among the most trusted providers of successful and accurate trading signals. This is illustrated by the platform gaining an average 4.9/5 rating on Trustpilot, courtesy of almost 500 positive reviews, and a success rate on calling Bitcoin (BTC) and Ethereum (ETH) trades of more than 70%.Alongside daily crypto trades, AltSignals provides valuable signals on various other trades, including Forex, CFD, traditional share trades, and Binance futures. And in 19 out of 32 months, Binance Futures holders made 10x gains on their portfolio.This success has been driven by AltAlgo™ and is set to reach new levels with the development of the ActualizeAI trading stack, which will apply the best AI technologies to outputs, driving improvements in accuracy and helping the community maximize the profitability of their decision-making.Machine learning will soon enable rules-based logic to be applied to outputs, which benefit from regressive pattern recognition that understands how markets operate. This learning cycle is quickened by natural learning processing (NLP) before predictive modeling applies historical data trends. These trends, which will improve as more data is available over time, will work with reinforcement learning to allow ActualizeAI to provide accurate predictions and balance the risk/reward ratio on all trades.How will ASI token work?The release of the ASI token is timed to coincide with the development and testing of ActualizeAI while simultaneously underpinning AltSignals’ entire ecosystem. Coin holders will gain immediate access to ActualizeAI’s trading stack once it’s released, with access managed on two different levels. Token holders with more than 50,000 coins will be granted lifetime membership, while those with fewer tokens gain access for one year.In addition, ASI coin holders will unlock several other perks and benefits through membership in the exclusive AI Members Club. For example, club membership unlocks entry into regular online trading tournaments and access to some of the most exciting and potentially lucrative…

Key takeawaysSpace and Time’s beta version of data warehouse is now live.The platform seeks to allow developers to connect verifiable data and computation to applications, smart contracts and large language models.Space and Time come pre-loaded with blockchain data indexed from major blockchains.Data warehouse’s beta version goes liveSpace and Time, a decentralised data platform, has announced today, April 26th, that the beta version of its data warehouse and developer suite is now live.In a press release shared with Coinjournal, Space and Time said it allows developers to leverage provable computation against on-chain and off-chain data to power dapps, smart contracts and verifiable AI models. AIs are gaining waves in the business world at the moment and the Space and Time data warehouse aims to ensure that AI models are trained on accurate, verifiable, tamperproof data.Interested developers can sign up through this link: https://www.spaceandtime.io/access-beta to participate in the Space and Time beta version.Space and Time is a decentralised hybrid (HTAP) data warehouse that powers low-latency transactional queries and scalable analytics in a single cluster. The platform has developed a novel zero-knowledge proof called Proof of SQL that allows developers to prove that both the query and the data are verifiably tamperproof. Space and Time is pre-loaded with blockchain dataThe team revealed that its solution is pre-loaded with blockchain data indexed from major chains, decoded and provided for free. The Space and Time data warehouse also comes with pre-built APIs for SQL operations, blockchain data, Kafka streaming and security, as well as a Tamperproof Python service for easily extracting, transforming and loading data or running complex computations.While commenting on this latest cryptocurrency news, Nate Holiday, CEO and Co-founder of Space and Time, said;“We are thrilled to open the Space and Time data warehouse and suite of data services to developers everywhere. Space and Time is enabling a new era of data verifiability. As smart contracts and AI is increasingly integrated into business processes, Space and Time aims to ensure that they’re connected to and trained on verifiable data and computation.”In addition to this, Space and Time has a dApp, which provides a user-friendly interface for interacting with on-chain and off-chain data.John Kanan, Senior Partner at Bain & Company, said;“AI is shaping the future of business operations in an unprecedented way. As we move further into the age of AI, enterprises need to develop a focused strategy for leveraging its benefits. The assurance that AI is being trained on verifiable data and computation should instill confidence in enterprises seeking to incorporate it into critical business processes.”Space and Time said it would be showcasing its newly launched data warehouse at this year’s Consensus conference in a live demo with Shrapnel, the highly anticipated blockchain-enabled AAA first-person shooter game. Space and Time is a Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. The post Space and Time announces the beta launch of data warehouse appeared first on CoinJournal.

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<strong>Los Angeles, USA, April 26th, 2023, Chainwire</strong>Today, <a href="https://diamondapp.com/posts/873df8bb2f8ebf3c79ab3796e420bbd2fe5aeee26cd6f16f6720ad99e9acf5a8">an exciting announcement</a> was made on <a href="https://deso.com">decentralized social</a> app <a href="https://diamondapp.com">Diamond</a> that Bitclout 2.0, the highly-anticipated follow-up to 2021’s viral sensation that took the crypto world by storm, has been revealed by the infamous <a href="https://diamondapp.com/u/diamondhands?feedTab=Hot">@diamondhands</a>.Bitclout 2.0 aims to build upon the success of the original by introducing several new products and features, effectively turning reputation into an asset class on par with what NFTs are today.BitClout 2.0 is expected to launch with a sophisticated airdrop after the DeSo blockchain’s transition to its new <a href="https://revolution.deso.com">Revolution Proof of Stake</a> consensus mechanism is complete. The white paper for BitClout 2.0 can be accessed at <a href="https://bitclout2.deso.com">bitclout2.deso.com</a>, and the password can be obtained by sending a DM to <a href="https://diamondapp.com/u/bitclout">@bitclout</a> on any DeSo app like <a href="https://diamondapp.com">Diamond</a> or <a href="https://chat.deso.com">DeSo Chat Protocol</a>.Bootstrapping A Stock Market for PeopleOne of the most groundbreaking new products BitClout 2.0 introduces is Creator Coins V2, a reimagined version of the original trading product that sparked thousands of celebrities and influencers to join the platform.Creator Coins are a new type of asset class introduced by <a href="https://docs.bitclout.com/">BitClout 1.0</a> that are tied to the reputation of an individual rather than to a company or commodity, and Creator Coins allow creators, celebrities, influencers, and everyday users to monetize their work in ways never before possible in web2.Since Creator Coins track the reputation of an individual, if Elon Musk successfully lands the first person on Mars or alternatively go bankrupt, it will affect the price of his Creator Coin.Creator Coins V2 are fully backward compatible with V1, allowing users to transfer over seamlessly, and will be tradeable on DeSo DEX, the world’s fastest on-chain order-book exchange (showcased by <a href="https://openfund.com/trade">Openfund</a>).Trading activity on BitClout 2.0 will be incentivized with a new $BITCLOUT token, allowing people to accrue fees through Creator Coin V2 trading activity.Bitclout 2.0 will reward early adopters through a sophisticated and viral airdrop scheme that takes inspiration from both BitClout 1.0 and from NFT marketplace <a href="https://blur.io">Blur</a>. BitClout 2.0’s airdrop mechanics will not only drive trading liquidity but also “content liquidity” by compensating the most active creators on the platform.Creators who post regularly and engage the community will also earn $BITCLOUT tokens through airdrops, adding an innovative new incentive structure for creators never seen on other platforms.People interested in participating in the $BITCLOUT airdrop can start familiarizing themselves with DeSo apps like <a href="https://diamondapp.com">Diamond</a>, <a href="https://openfund.com">Openfund</a>, <a href="https://desofy.app">Desofy</a>, or <a href="https://desocialworld.com">DeSocialWorld</a>, and many more <a href="https://wallet.deso.com/explore">listed on deso.com</a>, before the launch.BitClout 2.0 will be built on the <a href="https://deso.com">Decentralized Social Blockchain</a>. According to the <a href="https://bitclout2.deso.com">BitClout 2.0 white paper</a>, “DeSo is the only blockchain that can support the storage and indexing requirements needed for a decentralized social platform like BitClout 2.0.” This is thanks to DeSo’s vastly-superior content storage costs, which make it finally feasible for apps to extend beyond DeFi to storage-intensive social applications, and much more.<a href="https://coinjournal.net/wp-content/uploads/2023/04/111_1682512966mnFz73Wfj9.jpg">Media</a>The…

H.C. Wainwright analyst initiates Coinbase with a “buy” rating.Mike Colonnese explained his bullish view in a research note.Coinbase stock has lost about 35% in just over a month.A 35% pullback in Coinbase Global Inc over the past month is “overdone” and a recovery is coming soon, says Mike Colonnese – an H.C. Wainwright analyst.Buy Coinbase stock for a 35% returnOn Wednesday, Colonnese recommended that investors buy shares of the world’s second-largest and one of the best cryptocurrency exchange as they had upside to $75 – a 35% premium on its current price.The analyst is bullish on Coinbase stock for one simple reason that rewards currently outweigh the risks.Coinbase is uniquely positioned to benefit from large and rapidly growing crypto economy given its trusted brand, easy to use products, and focus on compliance and regulation.Coinbase has a footprint in 100 countries and is serving about 8.3 million active users, which, Colonnese wrote, is scale enough for it to expand its market share this year.Why else is he bullish on Coinbase stock?Coinbase is expected to report its Q1 results next week. Consensus is for it to lose $1.36 a share this quarter versus $1.98 per share a year ago.The H.C. Wainwright analyst is convinced that the crypto winter is over and the subsequent increase in trading volume will be a catalyst for the company’s operating performance. His research note added:COIN is a scarce asset, as the only publicly listed crypto native company in the U.S. with a market cap >$10B, which means competition for investor capital is extremely limited.Earlier this week, Coinbase sued the Securities and Exchange Commission after waiting for months to get an answer on its July 2022 petition. Regulatory clarity in the future will also help drive the Coinbase stock up, Colonnese concluded.The post Coinbase stock outlook: H.C. Wainwright analyst sees upside to $75 appeared first on CoinJournal.

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Solana users will soon be able to interact with the network through a ChatGPT plugin.Users can use the plugin to check wallet balances, transfer Solana-native tokens, and buy NFTs.Developers are also encouraged to test using the plugin to retrieve on-chain data.At press time, SOL price was up 7.33% 34 hours after Solana announced through a tweet that “Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.”(1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ— Solana Labs (@solanalabs) April 25, 2023The news comes two weeks after Solana unveiled yet another achievement, the crypto-first ‘Saga’ android phone, which will be available for customers to purchase from May 8. Solana Network has seen increased activity over the recent past causing the price of its native token SOL to rise by more than 11% in the last 30 days.Solana ChatGPT plugin useThe open-source reference implementation for a ChatGPT plugin marks Solana’s entry into the world of artificial intelligence (AI). Announcing the plugin, Solana Labs noted that it would allow users to interact with the Solana network directly from OpenAI’s ChatGPT.Since its launch in November 2022, ChatGPT has quickly attracted global popularity mainly because of its AI-powered chatbot, which generates sophisticated responses to any request. In the wake of the ChatGPT, several other companies have started leveraging AI technology including players in the crypto sector as they seek to enhance user experience.Besides allowing users to check wallet balances, transfer Solana-native tokens, and buy non-fungible tokens (NFTs), the ChatGPT plugin will also allow developers to build AI-powered applications on the Solana network.Grants to AI developersSolana Foundation also announced that it will be allocating grants to its ecosystem teams building AI tools on the Solana blockchain.According to the foundation, the teams or individuals will be able to seek from $5, 000 to $25,000 grants from a $1 million fund.The post SOL price surging after Solana ChatGPT plugin unveiled appeared first on CoinJournal.

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Merlin is an Ethereum-based decentralized exchange (DEX) which uses zero-knowledge sync (zkSync).The DEX has lost more than $1.8 million in a liquidity pool hack.The hack took place barely hours after smart contract security firm CertiK audited the DEX’s code.Ethereum-based decentralized exchange (DEX) Merlin woke up to bad news on Wednesday morning after a hacker(s) drained the DEX $1.8 million in a liquidity pool hack. The hack happened during a public sale of Merlin’s native token MAGE.The hacker(s) stole several cryptocurrency assets including Ethereum (ETH), USD Coin (USDC), and other illiquid tokens.CertiK had audited Merlin’s codeA few hours after the hack, security firm CertiK tweeted saying that it was investigating the incident to understand its impact on the community. It also said that its initial findings suggest that it could have resulted from an issue with a private key management meaning it was hack and not an exploit as widely thought.CertiK conducted an audit of Merlin’s code on April 24, 2023, and recommended that Merlin improves its “centralized roles to the decentralized mechanism like multi-signature wallets to enhance security practices.” It also asked Merlin to implement a timelock feature with a latency of at least 48 hours to avoid a single point of key management.CertiK also promised to collaborate with appropriate authorities in case anything came up.CertiK and zkSync Era to compensate lost assetsWhile urging the hacker, who CertiK believes is a rogue developer, to return 80% of the stolen funds, the security firm offered a 20% white hat bounty to the hacker.In a statement to a renowned media outlet on April 26, CertiK reiterated it is investigating the exit scam and has also enlisted the remaining Merlin team to initiate the compensation plan. The firm said:“CertiK is exploring a community compensation plan to cover the ~$2M of user funds lost in the Merlin DEX rug pull. Initial investigations indicate that the rogue developers are based in Europe, and we are working with law enforcement to track them down.”CertiK also noted that private key privileges are “committed to assisting impacted users” notwithstanding that they are outside the scope of a smart contract audit.The post CertiK and zkSync Era plan to compensate Merlin hack victims appeared first on CoinJournal.

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Helium successfully migrated to Solana Network last week.More than six billion IOT tokens have been minted since Helium migrated to Solana.IOT Token surged by 370 earlier today to hit a daily high of $0.003927.Helium IOT (IOT) token surprised a majority of crypto investors today after surging by more than 370%. Despite a slight retracement, the token was still green trading at $0.00206, up 33.59% at press time.Today’s IOT token price surge is attributed to last week’s successful Helium migration to Solana Network which has resulted in more than six billion IOT to be minted.Protocol token of Helium’s internet-of-things networkMost are conversant with Helium’s native token, HNT, which has also been performing quite well over the past few days after the migration.Helium has another token, the Helium IOT, which is the protocol token of Helium’s internet-of-things network. The Helium IOT is mined from Helium’s hotspots, which is the hardware infrastructure behind the IOT network.Helium IOT is backed by the HNT token and can always be converted to HNT, with the redemption rate being algorithmically set by its treasury swap smart contract.According to data from Solana’s block explorer, there are about six billion IOT tokens in circulation supply out of the maximum supply of 200 billion tokens.The IOT token also received another boost after Solana-based decentralized-finance (DeFi) protocol Kamino Finance said it had opened two Helium vaults to allow investors to stake their IOT and HNT tokens for a yield.The post Helium’s migration to Solana sends IOT token price through the roof appeared first on CoinJournal.

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Bitcoin and the S&P 500 move in a tight correlationThe 2023 price action is relevant for understanding the direct correlationIf stocks bounce, Bitcoin should followFor many years cryptocurrency investors wished Bitcoin to be adopted by institutional investors. Eventually, their wish came true.Bitcoin is now part of many institutional portfolios, for various reasons. Some believe that it is the digital gold. Others say that it has huge upside potential due to its scarcity.No matter the reason, Bitcoin is now part of the institutional investing world. But it came at a price. Namely, Bitcoin became just another asset trading in correlation with regular markets, such as the S&P 500.Even the 2023 rally does not alter the relationship, as seen in the chart below.MediaBitcoin chart by TradingViewIf US stocks bounce from here, Bitcoin should rally some moreYesterday, Bitcoin tried its hand again at the $30k level. Stocks tanked.But even so, the correlation between the two remains. Therefore, the price action since 2022 is relevant.In April 2020, the two delivered similar performances. Yet, the scandals in the cryptocurrency industry have sent Bitcoin lower.However, every bounce happened just when stocks bounced. The most recent price action is relevant, as Bitcoin matched both advances and declines in the stock market. Just the amplitude of the moves was different, just as it was when Bitcoin’s price was in bearish territory.All in all, it is hard to believe that this correlation will go away anytime soon. Also, it is unlikely that Bitcoin would not rally some more, should stocks bounce from here.The post A bullish case for Bitcoin should US stocks bounce from here appeared first on CoinJournal.

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Key takeawaysCrypto storage provider Zodia Custody has raised $36 million in a recent funding round.The crypto-focused subsidiary of Standard Chartered will use the funds for international expansion.The funding round was led by SBI Holdings and SC VenturesZodia Custody raises $36 millionZodia Custody, a crypto-focused subsidiary of Standard Chartered, has raised $36 million in a funding round. According to the company, the funds would be used to pursue international expansion. The funding round was led by SC Ventures, the venture arm of Standard Chartered, and Japanese conglomerate SBI Holdings. Zodia Custody also revealed that there are other unnamed investors. The crypto custody provider also didn’t disclose the valuation of the company following this funding round. Zodia Custdoy revealed that the funds would be used to boost geographic expansion and increase the company’s coverage. The firm will also use the funds to improve its interchange and off-exchange settlement services as it seeks to protect client assets that are traded on crypto exchanges. While commenting on this latest cryptocurrency news, Julian Sawyer, CEO of Zodia Custody, said;“The future direction of the digital asset ecosystem is clear. As investors demand greater assurance and rigor, compliance is crucial to the future evolution of our sector.”Standard Chartered is bullish on BitcoinStandard Chartered, the parent company of Zodia Custody, is bullish on Bitcoin. Earlier this week, analysts at the bank said they believe crypto winter is over and Bitcoin could rally towards the $100k mark by next year.At press time, the price of Bitcoin stands at $29,066, up by more than 50% year-to-dateZodia Custody was originally launched by Standard Chartered and Northern Trust, the asset servicing firm, in 2021. The firm announced a joint venture with Japanese-based SBI Digital Asset Holdings earlier this year to launch a custody business in Japan. The post Standard Chartered’s Zodia Custody raises $36 million appeared first on CoinJournal.

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Dymension is a blockchain startup building a network of easily deployable modular blockchains called RollApps.Dymension has partnered with Evmos Core Teams and Celestia.The three have launched the world’s first-ever IBC-enabled EVM rollup on testnet.Dymension has announced its collaboration with Celestia and Evmos Core Teams to launch the world’s first-ever IBC-enabled EVM rollup on testnet.Dymension has built-in rollups technology for scalability and it is creating an ecosystem of easily deployable and lighting-fast RollApps that any developer can use to build and deploy in order to scale their decentralized applications.IBC-enabled EVM rollupThe IBC-enabled EVM RollApp will be deployed within Dymension’s initial testing ground “35-C”, as part of its long-term plan to establish and bootstrap a new ecosystem of IBC-enabled rollups. The deployment was made possible through close collaboration with the Evmos Core Development Team, as the RollApp uses Ethermint, an implementation of the Ethereum Virtual Machine that’s built on top of Dymension’s RollApp.Commenting about the new RollApp, Dymension Lab’s CEO and Co-Founder, Yishay Harel, said:“Excited to have worked closely with the Evmos team to achieve this milestone. With the world’s first IBC-enabled EVM rollup now deployed on testnet, we’re one step closer to bringing scalable and interoperable blockchain solutions to the wider community. This is just the beginning of our journey, and we’re looking forward to continuing to push the boundaries of what’s possible with EVM-based technology.”The new EVM RollApp utilizes the EVMOS token as its gas token and updates its state to the Dymension Hub and posts data to Celestia’s “Mocha” testnet.In addition, the new RollApp will feature a Uniswap V2 fork and a bespoke frontend, as part of a proof-of-concept to demonstrate how anyone can deploy their own RollApp and host EVM dApps. Developers will be able to fork any EVM-based dApp and deploy it on the RollApp using Dymension’s technology.In addition, since Dymension’s RollApp is IBC-enabled it can natively connect to the Cosmos ecosystem of the IBC blockchain.The post Dymension and Evmos Core Teams launch first IBC-Enabled EVM Rollup appeared first on CoinJournal.

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MultiversX price jumped sharply on Thursday.This happened after Upbit listed the coin in its ecosystem.<a href="https://coinjournal.net/elrond/">MultiversX</a> price jumped sharply as investors reacted to the latest listing in Upbit, one of the leading <a href="https://coinjournal.net/compare/best-cryptocurrency-exchanges/">crypto exchanges</a><strong>. </strong>EGLD jumped to a high of $52.01, the highest level since February 21 of this year. In all, the coin has risen by more than 37% from the lowest level this year.Why is MultiversX soaring?MultiversX, formerly known as Elrond, is a leading blockchain project that aims to be a good replacement for Ethereum and Solana. Its main advantage over Ethereum is that it was one of the earliest blockchains to adapt the sharding technology. First implemented by Ziliqa, sharding is a technology that boosts transaction throughputs by breaking blocks into smaller pieces known as shards. MultiversX is also highly cost-effective for users, with the average transaction cost being about $0.0022.MultiversX has been embraced by developers creating dApps in industries like <a href="https://coinjournal.net/learn/what-is-defi/">DeFi</a>, <a href="https://coinjournal.net/glossary/non-fungible-token-nft/">non-fungible tokens</a><strong>, </strong>and the metaverse among others. According to its website, the network has over 2.2 million wallets and has completed over 314 million transactions.The main reason why the EGLD price is surging is that Upbit decided to list the coin. This is a major event since Upbit is one of the biggest exchanges in the world with over 8.6 million customers globally.In most cases, we often ss cryptocurrencies jump after a major exchange listing. For example, as we wrote <a href="https://coinjournal.net/news/crypto-price-prediction-matic-floki-and-dione/">here</a><strong>, </strong>FlokI Inu price jumped this week after it was listed by Binance US. Historically, these gains tend to be short-lived.<a href="https://twitter.com/search?q=%24EGLD&src=ctag&ref_src=twsrc%5Etfw">$EGLD</a> is now listed on <a href="https://twitter.com/Official_Upbit?ref_src=twsrc%5Etfw">@Official_Upbit</a>, the world’s 1st crypto exchange by fiat volume & 2nd largest by spot volume.Opening up EGLD trading for 8.9M+ users.Deposits and trading are live on the EGLD/KRW and EGLD/BTC pairs.<a href="https://t.co/r7yuMjNAT3">https://t.co/r7yuMjNAT3</a> <a href="https://t.co/wE3cFjpAij">pic.twitter.com/wE3cFjpAij</a>— MultiversX (@MultiversX) <a href="https://twitter.com/MultiversX/status/1651484708943847425?ref_src=twsrc%5Etfw">April 27, 2023</a>EGLD price prediction<a href="https://media.igms.io/2023/03/27/1682598077585-52a14f06-43b5-4843-9f76-67383c6faad2.png">Media</a>The daily chart shows that the EGLD price made a bullish breakout after being listed in Upbit. It moved above the 50-day moving average and retested the key resistance point at $52.01. This was an important level since it was the highest point in February.Therefore, I suspect that EGLD will retreat slightly in the next few days and then resume the bullish trend. The final part will depend on the performance of other cryptocurrencies like Ethereum and Bitcoin. How to buy MultiverseX Binance.US Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry. <a href="/visit/binance-us-crypto?guid=MTM3ODc1&component=simple-table&language=en&country=US&position=1&totalPositions=2"> Buy EGLD with Binance.US today </a> KuCoin Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.Users can benefit from a beginner-friendly interface and relatively low fees. <a href="/visit/kucoin-crypto?guid=MTM3ODc1&component=simple-table&language=en&country=US&position=2&totalPositions=2"> Buy EGLD with KuCoin today </a> The post <a href="https:…

Key TakeawaysBitcoin led markets on a ride Wednesday, surging from $28K to $30K before shedding 7% in an hourSurge had come following optimism for liquidity injection from Fed, as banking issues resurfaced at First Republic and shares cratered 50% Markets are too thin and prone to these large price swings, writes our Head of Research, Dan Ashmore Highlights how dangerous the sector can be in the short term, he says, warning enthusiasts to be carefulI wrote a <a href="https://coinjournal.net/news/dont-be-fooled-by-bitcoins-recent-calm-volatility-is-coming-opinion/">few days ago</a> about the state of crypto markets, warning that volatility was incoming following an unusually calm period for digital assets. Last night that volatility came, and it came hard. It doesn’t make me a genius, as the timing was nothing more than blind luck, but it does demonstrate my point. The crypto markets are currently highly sensitive, even more so than usual, and that won’t change anytime soon. On Wednesday morning, Bitcoin jumped from $28,300 to close to $30,000 in the space of a couple of hours. This came as First Republic Bank announced it had been subject to $100 billion of withdrawals last quarter, its share price tanking 50%. Despite what enthusiasts may argue, crypto did not rise because the fiat world is collapsing, the banking sector going the way of the T-Rex and the dodo bird. Some decried crypto as a store of value outside of the creaking system, scooping up panicking investors fleeing the fiat world. Sure, in the long term, there could be discussion to be had here, but that is for another day. Instead, it appears likely that coins surged in anticipation of more liquidity injections from the Federal Reserve. In other words, crypto did what it has been doing all year: moved in response to expectations around the future path of monetary policy. A quick look at Bitcoin’s correlation with the Nasdaq shows this, now at a near-perfect 1 on a 90-day rolling basis, should affirm this. Bitcoin, and crypto as a whole, continues to trade like a highly risky tech stock. <pre data-stringify-type="pre"> </pre>But back to volatility. After the surge Wednesday morning, Bitcoin then plunged from $29,700 to $27,700, a 7% red candle in a little over an hour. As of Thursday morning, it is back at $29,000, as it reverberates all over the place, struggling to make up its mind.  Rumours swirled around the possible movement of Mt Gox coins, while some pointed to the apparent US government wallets becoming active. I had a quick look into these and it’s ultimately impossible to prove the two developments are connected. They may be, but it’s not clear that this is what caused the sharp fall. In reality, this is exactly what I was pointing to earlier this week. Whatever the reason for the plunge, crypto markets are incredibly thin right now and primed for violent moves. Capital has flooded out of the space over the last year at a remarkable pace. One nice way to illustrate this is by looking at the stablecoin balance on exchanges (deep dive <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/">here</a>). Since December, over half the stablecoin balance on exchanges has evaporated, translating to $21.7 billion. <pre data-stringify-type="pre">  </pre>While the horrors of the <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">FTX collapse</a> may be banished to the back of investors’ minds, the effect on the crypto industry remains real. Alameda was a large market maker in the space, with that hole not filled since. Then there is the psychological impact; crypto’s reputation has taken a ferocious blow, with institutions scaling back perceptibly from the space. This has left liquidity low, and with low liquidity comes more volatility. Moves in either direction are amplified, which is what we saw yesterday. Looking at data from Coinglass, liquidations swelled for both longs and shorts, $180 million…

Hong Kong’s new cryptocurrency licensing framework is expected in May.The Securities and Futures Commission (SFC) chief executive Julia Leung told Bloomberg the guidelines follow a consultative process.Companies seeking to offer services in Hong Kong will need to apply for and get licenses from the commission.Hong Kong is taking the next step in providing further regulatory clarity for cryptocurrencies by releasing its crypto exchange licensing framework.Specifically, the licensing guidelines will require every digital asset service provider and operator to seek and acquire approval from the regulator.Julia Leung, chief executive of Hong Kong’s Securities and Futures Commission (SFC), revealed this on Thursday, telling Bloomberg that the guidelines are expected in May. The legislation is expected to come into effect from June.According to Leung, the digital assets regulation framework comes after a vital consultative process that a policy statement from the government in October last year. The statement highlighted the need to regulate virtual assets, including sectors such as DeFi and NFTs.The SFC reportedly received more than 150 responses from various players, following the consultative process.Hong Kong’s crypto framework comes after EU’s MiCA approvalHong Kong has recently taken an aggressive approach to crypto regulation even as it looks to make itself a leading crypto-friendly jurisdiction. Recent administrative policies have indeed seen the number of companies looking to operate from the city-state jump to near 100.Other than cryptocurrency exchanges, there are multiple projects and platforms in Web3 security, blockchain payments, and infrastructure that are currently eyeing SFC’s licensing.Recently, the European Union parliament voted to approve the Markets in Crypto Act, MiCA regulation, that has been hailed as key to regulatory clarity for the crypto industry in the EU. Many obersers say the law, expected to take effect in 2024, will herald a new era for crypto.The post Hong Kong to release crypto framework next month- Bloomberg appeared first on CoinJournal.

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Merlin is an Ethereum-based decentralized exchange (DEX) which uses zero-knowledge sync (zkSync).The DEX has lost more than $1.8 million in a liquidity pool hack.The hack took place barely hours after smart contract security firm CertiK audited the DEX’s code.Ethereum-based decentralized exchange (DEX) Merlin woke up to bad news on Wednesday morning after a hacker(s) drained the DEX $1.8 million in a liquidity pool hack. The hack happened during a public sale of Merlin’s native token MAGE.The hacker(s) stole several cryptocurrency assets including Ethereum (ETH), USD Coin (USDC), and other illiquid tokens.CertiK had audited Merlin’s codeA few hours after the hack, security firm CertiK tweeted saying that it was investigating the incident to understand its impact on the community. It also said that its initial findings suggest that it could have resulted from an issue with a private key management meaning it was hack and not an exploit as widely thought.CertiK conducted an audit of Merlin’s code on April 24, 2023, and recommended that Merlin improves its “centralized roles to the decentralized mechanism like multi-signature wallets to enhance security practices.” It also asked Merlin to implement a timelock feature with a latency of at least 48 hours to avoid a single point of key management.CertiK also promised to collaborate with appropriate authorities in case anything came up.CertiK to compensate lost assetsWhile urging the hacker, who CertiK believes is a rogue developer, to return 80% of the stolen funds, the security firm offered a 20% white hat bounty to the hacker.In a statement to a renowned media outlet on April 26, CertiK reiterated it is investigating the exit scam and has also enlisted the remaining Merlin team to initiate the compensation plan. The firm said:“CertiK is exploring a community compensation plan to cover the ~$2M of user funds lost in the Merlin DEX rug pull. Initial investigations indicate that the rogue developers are based in Europe, and we are working with law enforcement to track them down.”CertiK also noted that private key privileges are “committed to assisting impacted users” notwithstanding that they are outside the scope of a smart contract audit.The post CertiK planning to compensate Merlin hack victims appeared first on CoinJournal.

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2023 is the year in which the crypto rebound hopefully gets into full swing following a disappointing 2022. One project arousing exceptional interest among investors and trading groups on Reddit and Telegram is AltSignals’ ASI presale. Already a market leader in trading signals, AltSignals has set itself up as arguably one of the best crypto projects to invest in this year due to an exciting adoption of AI technologies designed to turbocharge its trading capabilities.Here’s why investors are scrambling to get their hands on this exciting new coin during its presale event.AltSignals: Assisting crypto gains since 2017<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_currentevents&news&utm_content=as_presale%20_1&utm_id=178">AltSignals</a> was launched in 2017 and has grown to become one of the leading providers of trading signals for a vast community numbering more than 50,000 members, 1,400 of whom enjoy all the perks of AltSignals’ VIP group. AltSignals has focused on setting itself apart from competitors by ensuring it produces the most accurate trading signals available in crypto, Forex, and stock markets via its market-leading AltAlgo™ trading tool.This algorithmic trading indicator has operated in tandem with a team of leading expert traders to generate more than 1,500 signals for traders scattered across the globe. A Binance Spot signals program in January 2023 saw a 94% win rate across 17 trades, achieving returns of 175% in a single month. This success came hot on the heels of a whopping 384% return in December 2022. AltSignals’ performance is backed up by almost 500 positive reviews on Trustpilot, resulting in a 4.9/5 star rating, making it one of the most-trusted providers of trading signals. Now AltSignals is seeking to take its outstanding platform into another realm with the launch of the ActualizeAI trading stack and ASI coin.What is the ASI token?The ASI token underpins the entire AltSignals’ ecosystem, including the development of ActualizeAI, which will bring a pioneering AI capability to AltSignals. This looks likely to help AltSignals play a significant role in the crypto rebound by harnessing the power of machine learning, natural language processing (NLP), reinforcement learning, and predictive modeling to increase the frequency and accuracy of the platform’s signals.Possession of the ASI coin will open up the actual value of AltSignals’ platform, beginning with the ActualizeAI trading stack and outputs. Community members holding more than 50,000 tokens will be granted lifetime access to ActualizeAI’s signals, while those holding fewer than 50,000 can enjoy a 1-year membership.While this is a huge incentive to get involved in what looks like one of the best new crypto tokens of the year, holding the ASI coin unlocks several premium offers and opportunities for investors and traders to exploit.For instance, ASI coin holders can join the AI Members Club, unlocking early access to some of the best presale opportunities with exciting new crypto projects from AltSignals’ affiliate partners or highlighted by ActualizeAI’s sentiment analysis feature. While opening up potentially rich opportunities to make serious profits, users can also boost their earnings by participating in regular online trading tournaments with lucrative prizes.How high can ASI go in 2023?The release of the ASI token has been deliberately timed to support the development of ActualizeAI’s trading stack, which will drive enormous levels of utility into the coin. In addition, ASI coin holders can vote on community-led initiatives that will govern the platform’s future direction, ensuring it continues to meet the needs of those it serves.This alone would be enough to push the price of ASI higher once it’s released for public consumption. However, ASI has the fortune of being released as the crypto rebound continues to gather momentum, meaning it looks set to reap the full reward of being part of the next bull market in the coming…

DEX aggregator OpenOcean has launched integration with the zk-rollups platform zkSync Era.The move allows the DeFi platform to expand its trading solution to the zkSync Era community.Future plans are to add support for limit orders and cross-chain swaps, OpenOcean said in a press release.OpenOcean, a leading decentralised exchange (DEX) aggregator, has announced integration with Ethereum Layer-2 scaling solution zkSync Era.zkSync’s ZK-rollup proofs allows for major scaling of the Ethereum network, bumping transaction throughput and cutting gas costs. ZK-rollups also help ensure user privacy and security.Announcing the integration via a press release on Thursday, OpenOcean said zk-rollups allows it to expand its multichain, Web3-focused trading solution.The integration also allows OpenOcean’s DEX aggregator to launch on zkSync Era, providing users with access to deep liquidity sources. This will include liquidity from across platforms such as SyncSwap, Velocore, iZiSwap, Mute, SpaceFi and GemSwap. “We warmly welcome OpenOcean to the zkSync community. As an established multichain dex aggregator, users will be able to execute trades efficiently across different liquidity pools and reduce slippage,” Sam, a member of the zkSync team, said in a statement.OpenOcean plans to enhance the integration by supporting limit orders and cross chain swaps aggregation on the zkSync Era.The post DEX aggregator OpenOcean integrates with zkSync Era appeared first on CoinJournal.

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Bit4You is Belgium’s first and only crypto asset lending platform.The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent.The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia.In cryptocurrency news today, Bit4You, the first Belgium-based cryptocurrency lending platform,has announced its suspending its activities.The crypto assets exchange made the announcement in a notice to clients and the community late Wednesday. According to the platform, the decision to halt operations came after it had learned that CoinLoan, its main provider, no longer had the required registration to operate as a virtual currency provider in Estonia.As reported by Reuters on Thursday, an Estonian court declared CoinLoan insolvent on Monday, 24 April, 2023Bit4You says its immediate suspension of activities is one of several steps it is taking as it tries to understand the whole situation. However, the crypto lender says it has no reason to believe that the cryptocurrencies the custody provider held on behalf of its customers cannot be recovered.The post Belgian crypto lender Bit4You suspends its activities appeared first on CoinJournal.

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Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030.The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS.Uphold says the delay is due to a technical issue that will soon be sorted out.Kaspa (KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin’s sharp decline overnight Wednesday.In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023.That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchangeUphold delays listing of Kaspa (KAS)On Thursday, Uphold, which was set to be the first centralised crypto exchange in the US to list KAS, announced it would be delaying the listing. The multi-asset digital asset platform said the “difficult decision” had been taken due to technical issues.⚠️ KAS listing delayedWe’ve made the difficult decision to postpone this listing due to technical issues.Our customers deserve a smooth and fair trading experience – and we’re excited to list KAS as soon as we can ensure this. pic.twitter.com/qJGuB2cY4H— Uphold (@UpholdInc) April 27, 2023But despite the delay, Dr. Martin Hiesboeck, the Head of Research at Uphold, has assured KAS holders that the issue was “minor” and will soon be solved. He tweeted:“As we’re expecting *high demand*, we’ve taken the difficult decision to delay this listing due to some technical issues – to ensure you get a smooth and fair trading experience and best execution. Won’t be long, it’s a minor thing we’ll sort out soon.”He offered to explain everything on the Twitter Space.After seeing a double digit uptick in price, with weekly gains rising to over 30%, Kaspa price is just in the green in the past day (at the time of writing) and about 28% higher over the week.Currently, KAS can be traded on multiple exchanges, including MEXC Global, Gate.io and BingX. The token’s recent momentum has come amid a flurry of listings, including on LBank and Bitget.The post Kaspa price: upside cools as major exchange delays KAS listing appeared first on CoinJournal.

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UK’s HM Treasury has outlined tax policy changes targeted at DeFi lending and staking.The proposals are part of a consultation on taxation of activities conducted using crypto assets in DeFi.The new changes are also looking to apply to crypto lending and staking transactions on centralised finance (CeFi) platforms.HM Treasury, the UK’s economic and finance ministry, has announced an open consultation regarding the taxation of decentralised finance (DeFi) activities.Per a publication the government released on Thursday, 27 April 2023, the consultation seeks to have public views on the modification of tax policies to cater to crypto asset related lending and staking – two key activities in the DeFi industry.The objective of the consultation is to help formulate a crypto tax regime for the UK, where taxation DeFi lending and staking “better aligns with the underlying economic substance, whilst reducing the administrative burden on users,” the HM Treasury wrote.HMRC is therefore looking to get feedback from key stakeholders within the DeFi space, including tech and financial firms involved in DeFi, investors, and professionals. Also invited to participate are trade associations, academic institutions, legal firms, and tax advisory firms among others.Crypto tax framework also targets CeFiThe government also says that the consultation seeks to explore legislative changes to overall tax treatment of lending and staking in the industry. The changes, the HM Treasury noted, involve proposals that using cryptocurrencies in DeFi transactions “would no longer be treated as giving rise to a disposal for tax purposes.”Rather, tax disposals will only arise where taxpayers economically dispose of their crypto assets via non-DeFi transactions. The finance ministry added in the announcement:“Although the focus of this document is on DeFi lending and staking, the proposed tax framework outlined below is also intended to apply to the lending and staking of crypto assets which is done through an intermediary. Some industry participants refer to these arrangements as Centralised Finance (CeFi).”HM Treasury’s consultation paper comes amid increased recognition within the government agencies that proper and clear regulatory approach to crypto is needed as the industry grows rapidly. The proposals are likely to form a major part of the UK’s crypto tax guidelines in 2024, the same year the EU’s crypto law MiCA is expected to come into effect.The post UK Treasury opens consultation on taxation of DeFi lending and staking appeared first on CoinJournal.

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PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain.PancakeSwap (CAKE) has dropped by 21% over the last seven days.The DEX’s core team introduced a proposal to reduce the token’s inflation rate to 3-5%.PancakeSwap’s native token, CAKE, has declined by about 21% in the last seven days and 27% in the last 14 days despite PancakeSwap’s core team introducing a proposal to reduce the token’s inflation rate to 3-5% from the current rates above 20%.While the crypto market suffered from the recent bear market across the board, the CAKE token was expected to ride on the proposed inflation-reducing proposal rather than drop. On the contrary, the token has been dropping as stakers move out in numbers.At press time, CAKE was trading at $2.66, up 1.6% over the last 24 hours.Reducing PancakeSwap token inflation ratePancakeSwap recently forked Uniswap V3’s code and launched its version on Aptos and Ethereum. The project’s core team has also introduced a proposal to reduce the native token’s inflation rate to 3-5% from the current rates above 20%.If the proposal is passed, it will see the amount of tokens that stakers earn lowered something that could be the reason behind the recent exodus of stakers from PancakeSwap.But why should the team suggest a proposal that is detrimental to the project’s ecosystem? Well, the proposal reads:“Current inflation rates are unsustainable for CAKE over the long term, and reductions are required for the long-term health of PancakeSwap.”Voting on the proposal already began on April 26 and it is scheduled to end today April 28. So far, the numbers show that the community is in support of the aggressive proposal. 55.43% have voted for the proposal compared to only 8.10% who have voted against the proposal although the voting process is still open.The post CAKE down 21% as PancakeSwap mulls slashing staking rewards appeared first on CoinJournal.

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