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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iZUMi Finance is a one-stop Liquidity-as-a-Service (LaaS) DeFi protocol.The funds will support the early liquidity of its on-chain Order Book decentralized exchange product, iZiSwap Pro.iZiSwap Pro DEX is built on on zkSync Era network.iZUMi Finance has successfully completed a $22M funding round to support the early liquidity of its on-chain Order Book decentralized exchange (DEX) product, iZiSwap Pro on the zkSync Era network.Several heavyweights including Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, and other individual investors participated in the funding round, which is the largest funding round in the history of the zkSync Era ecosystem.iZUMi Finance and Solv Protoco partnershipIn one way or another, the success of the just concluded financing can be attributed to iZUMi Finance’s strategic partnership with Solv Protocol.Through the partnership, iZUMi was able to adopt an innovative fundraising approach where it issued issued “iZUMi zk-Fund” via Solv V3, the latest paradigm protocol of Solv Protocol.The “iZUMi zk-Fund” is a type of digital asset known as a Semi-fungible Token (SFT), based on Solv’s original ERC-3525 token standard. When investors purchase the fund, they receive an SFT in their wallet, representing their share making them Limited Partners (LPs).The SFTs have a cover image, like NFTs, and are computable like ERC-20 Tokens. Investors can track real-time Profit and Loss (PnL) and Net Asset Value (NAV) in a fully visualized dashboard. Upon maturity, LPs can redeem their SFTs to claim their principal.The iZUMi Finance iZiSwap Pro DEXThe iZiSwap Pro DEX is one of the renowned products of iZUMi Finance. It is an AMM-driven Order Book DEX that adopts iZUMi’s innovative Discretized Liquidity AMM (DL-AMM) model.The DEX has Peer-to-pool and AMM designs, which greatly reduce the transaction cost for the on-chain order book. It also offers zero slippage which in a way prevent MEV attack with decentralized limit orders.With the funding obtained from the just concluded funding round, iZUMi Finance will now launch the iZiSwap Pro DEX on zkSync Era, which is a zero-knowledge-based Ethereum Layer 2 solution. The funds will support the early liquidity of iZiSwap Pro on zkSync Era.The post iZUMi Finance closes $22M funding round for its iZiSwap Pro DEX on zkSync Era appeared first on CoinJournal.

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Japan’s financial authorities had issued a warning that Binance was operating in the country without permission.Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022.Existing services on SEBC will be terminated for new service under the provisional name “Binance Japan” to be issued.As Binance continues to expand its business in Asia, it is set to begin operations in Japan in June according to a notice published by the exchange on Friday.At the moment, Binance is the largest cryptocurrency exchange in the world by market capitalization even after the recent crackdown on its US arm, Binance.US, by authorities in the United States. It is set to use the recently acquired Japanese crypto exchange called Sakura Exchange BitCoin (SEBC) to offer crypto services in the Japanese market.Launch of Binance JapanBinance has been working to restructure the SEBC exchange and the existing services on SEBC are scheduled for termination on May 31, 2023, after which the exchange will be renamed “Binance Japan.”The new Binance Japan is scheduled to start operations after June 2023 according to the notice issued by the Japanese branch of Binance.Listing cryptocurrencies on crypto exchanges in Japan requires vetting by the Japan Virtual Currency Exchange Association and the SEBC exchange currently supports 11 cryptocurrency trading pairs.Japan’s crypto exchanges regulationsJapan has a high regulatory standard for crypto exchanges which requires the segregation of customer and exchange assets. The regulations also require that most of an exchange’s assets be kept in cold wallets and customers’ fiat funds to be kept by a Japanese trust company or bank trust.In 2021, Japan’s financial authorities issued a warning that Binance was operating in the country without permission prompting Binance to look for a local cryptocurrency exchange. With the complete rebranding of the SEBC, Binance will gain full regulatory status in Japan.The post Binance set to begin operations in Japan in two months’ time appeared first on CoinJournal.

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This is the largest fraud case involving Bitcoin that CFTC has cracked so far.The case involved the CEO of Mirror Trading International Proprietary Limited (MTI).Half of the $3.4B will go toward providing restitution to victims of MTI’s fraudulent activities.A Texas court has ordered Johannes Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI) to pay a $3.4 billion penalty in connection with a large-scale fraud case involving Bitcoin.According to the CFTC allegations, Steynberg engaged in an international fraudulent multilevel marketing scheme (MLM) to ask for bitcoins from the public for an unregistered commodity pool operated by the South Africa-based company MTI.Steynberg who was controlling MTI and the company falsely claimed to trade off-exchange retail forex through a proprietary “bot” or software program between May 2018 and approximately March 2021.The final judgment read:“Either directly or indirectly, the defendants misappropriated all of the Bitcoin they accepted from pool participants.”According to the CFTC Steynberg, individually and as the principal and agent of MTI, accepted at least 29,421 bitcoins, valued at over $1.7 billion at the time. The bitcoin was obtained from at least 23,000 individuals in the US and other countries around the world. The individuals were tricked to participate in the commodity pool although MTI was not registered as a commodity pool operator (CPO), as required by the law.Steynberg arrestSteynberg was arrested in December 2021 and has been held in Brazil on an Interpol arrest warrant since then.Besides the recent charges against him by the CFTC, Steynberg is also permanently banned from registering with the CFTC or trading in any CFTC-regulated markets.Restituting MTI’s victimsHalf of the $3.4 billion penalty will go towards providing restitution to the victims of MTI’s fraudulent activities. The other half is a civil penalty, which is the highest civil penalty to be ordered in any CFTC case.The CFTC has however conceded that “orders requiring payment of funds to victims may not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets.”The post CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case appeared first on CoinJournal.

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Key takeawaysFindora has launched its Triple Masking ZK SDK solution.The solution empowers developers to integrate ZK privacy features into their dApps. With Findora Triple Masking ZK SDK, developers can ensure their users enjoy privacy and convenience. Findora’s Triple Masking ZK SDKFindora, an innovative Layer-1 blockchain, has announced the launch of the Findora Triple Masking SDK, a universal privacy-preserving solution set for Web3.In a press release shared with Coinjournal, the team said the Findora Triple Masking SDK gives developers a simple way to integrate zero-knowledge proofs into their decentralised applications. Thanks to the launch of this product, users can conduct private transactions that remain auditable, with multiple options for what information is masked or remains transparent. The Findora Triple Masking SDK provides simple, plug-and-play privacy for every Web3 dApp, the team added. While commenting on this latest cryptocurrency news,  Sam Harrison, CEO of Discreet Labs, said;“Triple Masking fulfills a promise that blockchain technology made years ago: your financial status, your financial future, is no longer in the hands of some unknown, so-called “trusted” third party. It’s in your hands. This SDK simplifies the developer experience of implementing complicated zk-proofs, which in turn enables more decentralized applications to offer the benefits of these zk-proofs to their users.” He added that he is excited to see the choices developers can offer their users that would ensure that they enjoy both convenience and privacy. Findora empowers dApps to be ZK-enabled The Findora team added that the Masking SDK is a privacy-focused asset transfer solution supported on the Findora Network that provides full-privacy protection and anonymity for transactions rather than simple pseudonymity. The solution makes it possible for developers to make their dApps ZK-enabled, with optional transaction privacy at three levels. Users will have the option to mask the wallet addresses of the sender and receiver, the type of assets involved, and the amount sent. Furthermore, transactions carried out using the Findora  Triple Masking ZK SDK will remain auditable to ensure compliance with regulatory entities. Harrison added that;“Triple Masking is more than simply encrypting information. We are also offering the ability to trace assets in a way that complies with existing regulations and analysis tools. This way, Triple Masking solves both the privacy AND compliance requirements of a professional institution.”The Findora team said its compatibility with the secp256k1 curve would enable common EVM wallets, such as MetaMask, to sign a transaction.Findora is a public blockchain with programmable privacy. Findora utilises the latest breakthroughs in zero-knowledge proofs and multi-party computation, to allow users transactional privacy with selective auditability. The post Findora launches its Triple Masking ZK SDK to boost privacy and auditability for dApps appeared first on CoinJournal.

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Robinhood has announced Robinhood Connect, a new feature that offers seamless crypto integration for dApps and wallets.Self-custody wallet Giddy is among the first mobile wallets to integrate the new on-ramp feature.Customers can directly and instantly buy or transfer crypto from within the dApps and also fund their Web3 wallets.<a href="https://coinjournal.net/news/tag/robinhood/">Robinhood</a>, a leading online brokerage for stocks and crypto investing, has <a href="https://blog.robinhood.com/news/2023/4/27/introducing-robinhood-connect-simplifying-access-to-web-3">launched</a> Robinhood Connect, a new product that will allow customers to easily buy and transfer cryptocurrencies as well as fund their Web3 wallets.In this case, anyone with a Robinhood balance can now <a href="https://coinjournal.net/bitcoin/buy/">buy Bitcoin</a> or other tokens instantly and transfer to their <a href="https://coinjournal.net/wallets/">wallet</a> using the new on-ramp.Robinhood’s new on-ramp to Web3Robinhood Connect is a new low-cost, on-ramp that will see customers add funds to their wallets from decentralised applications or third party wallets, all without having to leave the dApps or first connect to their Robinhood Crypto account.“<em>Crypto and Web3 have the potential to change the future of the financial system for the better, but we recognize there are still significant hurdles preventing broader adoption</em>,” Johann Kerbrat, the general manager of Robinhood Crypto, said during the product’s launch at Consensus 2023.Kerbrat added that Robinhood Connect demonstrates the brokerage platform’s strong commitment to crypto adoption, with the new product set to boost crypto’s accessibility and usability.With developers able to tap into seamless integration for Connect, embedding the feature will be easy. Developers can make this feature directly available to users from within dApps, according to the announcement. This means that projects will be able to allow their customers to buy tokens via the brokerage platform and send them to self-custody wallets.Robinhood announced on Thursday that <a href="https://giddy.co/what-is-giddy/">Giddy</a>, a self-custody, recoverable smart wallet app powered by Polygon, was among the first mobile wallets to integrate Robinhood Connect. The program will also be rolled out to other platforms over the next few months.We’re proud to announce that Giddy is one of the first mobile wallets to integrate Robinhood Connect from <a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw">@RobinhoodApp</a> 🚀 <a href="https://t.co/TbHgA9WPXt">pic.twitter.com/TbHgA9WPXt</a>— Giddy (@giddydefi) <a href="https://twitter.com/giddydefi/status/1651646762640105474?ref_src=twsrc%5Etfw">April 27, 2023</a>Robinhood seeing new growth momentumFounded in 2013, Robinhood has seen massive growth across its crypto products since diving into the space in 2018. While the crypto winter saw its crypto trading revenue fall by over 24% at the end of 2022, the online brokerage remains a popular app for traders.The collapse of crypto exchange FTX in 2022, and a recent <a href="https://coinjournal.net/news/robinhood-is-under-investigation-by-the-us-sec-for-its-crypto-activities/">investigation</a> by the US Securities and Exchange Commission (SEC), has cast Robinhood negatively in recent months. Despite this, the platform continues to take major steps to position itself as a leading destination for crypto trading. Integration with top crypto platforms and introduction of multiple customer-focused programs are among these steps.Currently, the platform supports crypto trading and investing for 18 cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The online brokerage also supports buying and selling of the top meme coins Dogecoin and Shiba Inu.The post <a href="https://coinjournal.net/news/robinhood-to-allow-customers-buy-crypto-directly-from-within-dapps-and-wallets/">Robinhood to allow customers buy crypto directly from within dApps and wallets</a> appeared first…

<strong>Singapore, Singapore, April 28th, 2023, Chainwire</strong>“Alphie” bot currently specializes in the hot ZK & Optimistic Rollup sectors, with more to come<a href="https://www.ojamuai.com">Ojamu</a>, the AI & Blockchain-powered intelligence platform geared towards providing insights into the blockchain & Web3 economy, announced its latest product today, with the launch of its ChatGPT integrated bot “<a href="http://chat.ojamuai.com/">Alphie</a>”, available in both mobile and desktop versions.Alphie is an advanced, AI-driven ‘Alpha Finder’, providing valuable insights and in-depth analysis in the most cutting-edge areas of the cryptocurrency industry.Ojamu CEO and Founder Hal Bame commented, “The bot’s name comes from ‘Alpha’, which in many industries is seen as ‘hard-to-find’ or essential information. Alphie initially focuses on the incredibly popular and fast-moving ZK/Optimistic Rollup space, with leading chains such as Polygon & Arbitrum incredibly acitve, helping users understand complex concepts and terminologies that might otherwise be difficult to grasp and find necessary information on, as well as associated projects.”<a href="https://coinjournal.net/wp-content/uploads/2023/04/111png_1682697024JUfgnKl2YX.jpg">Media</a>Alphie’s capability goes beyond ‘lookups’. For example, it can break down whitepapers into more digestible information, in order to accelerate users’ research and help them to make better-informed decisions, find specifics on various technologies and understand how those projects differentiate from others.Key groups within the crypto/blockchain ecosystem will benefit from Alphie:●    <strong>Traders</strong> gain insights on project fundamentals, technology, and team credentials to make informed decisions and improve trading outcomes.●    <strong>Investors</strong> can make better investment choices based on solid evaluation of projects’ long-term potential by analyzing tokenomics, use cases, and market trends.●    <strong>Developers</strong> can easily assess complex emerging technologies like ZK/Optimistic Rollup scaling solutions to decide which is best suited to integrate into their projects.●    <strong>Crypto enthusiasts</strong> can expand their knowledge of the ZK/Optimistic Rollup space and stay up-to-date with the latest trends and developments thanks to Alphie’s ability to simply explain complex concepts.Alphie leverages ChatGPT AI technology and fine-tuning AI smart toolsets, as well as Ojamu’s own proprietary AI and data methodology, in order to provide as complete and up-to-date information as possible.Alphie demystifies ZK/Optimistic Rollups and other advanced blockchain technologies, making it easier for users to comprehend their advantages, limitations, and potential use cases. The bot can provide a comprehensive understanding of these two technologies, their underlying principles, benefits, and drawbacks. It can explain how these Layer 2 scaling solutions work, how they differ from each other, and how they can help address the transaction throughput challenges faced by various blockchain networks. Alphie can also delve into the potential risks and trade-offs associated with implementing these technologies, such as security and data availability concerns.Ojamu’s future product plans include expanding Alphie’s coverage to encompass all crypto categories and provide more advanced research and insights based on further technical and fundamental analysis. GPT-4 research and integration are already underway for enhanced AI performance and datasets, as well as improved natural language understanding capabilities, ensuring that Alphie remains at the cutting edge of AI-driven chatbot technology.For more information, visit: <a href="http://www.ojamuai.com/">www.ojamuai.com</a>About OjamuAlphie is the second product offering in Ojamu’s suite of AI-driven smart toolsets and is the first of its B2C product offerings. Ojamu is continually is looking to enhance and expand the Alphie suite of products, increasing its offerings both within the…

Newscrypto Coin (NWC) price has seen a slight decline today, trading near $0.12 after giving up gains from highs of $0.18  on 14 April 2023.Crypto analyst says the token could break higher and rally 100% or more over coming months.NWC reached its all-time high of $2.22 in May 2021.Newscrypto Coin (NWC) traded at around $0.12 on Friday morning, with a 24-hour price return of about -2% at the time of writing. The daily trading volume was around $1.4 million in 24 hours, representing an increase of about 8% as selling pressure pushed the price of the altcoin down. The Newscrypto Coin, whose market cap currently stands at $18.5 million, traded at lows of $0.05 in early April.Newscrypto Coin price prediction: analysts highlights NWC breakoutNewscrypto Coin (NWC), which reached its highest price of $2.22 on 3 May, 2021, had been one of the best performers in the last month as it rose to $0.18 on 14 April 2023.But while the token’s value remains over 128% up in the past month, the latest dip in prices across the markets has seen it pare some of the gains over the past week to just +8%. NWC price is down nearly 28% in the past two weeks.So what’s the Newscrypto Coin price prediction over the short term?According to popular crypto analyst Rekt Capital, NWC tokens can trade higher if a breakout happens above a downtrending channel that is potentially forming on the monthly chart.“First signs of a Downtrending Channel forming,” he tweeted. “A breakout could see NWC rally +100% to major resistance (red) over time.”The potential catalyst for a new uptrend for Newscrypto Coin is the fact that a significant amount of the total supply of NWC tokens will remain locked until 2028.At current prices, Newscrypto Coin price is over 776% up since its all-time lows of $0.01 reached in mid-November 2019. Bulls could add to these gains if a breakout pushes the price to $0.35 as per Rekt Capital’s prediction.$NWC / USDT – #NWC #NewsCryptoFirst signs of a Downtrending Channel formingA breakout could see NWC rally +100% to major resistance (red) over timeNWC tokens are locked in the team wallet until 2028 which may act as a catalyst for an eventual uptrend#BTC #Crypto #Bitcoin pic.twitter.com/3V6j2ptF2G— Rekt Capital (@rektcapital) April 28, 2023The analyst suggests in the above chart that the primary support level for NWC/USD could be near $0.05.The post Newscrypto Coin price prediction: NWC looking at potential 100% rally appeared first on CoinJournal.

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Mastercard is looking to help bring defined standards to the blockchain and Web3 ecosystems.The company is partnering blockchain platforms Polygon, Solana, Aptos Labs, and Ava Labs, on the common standards program it calls Mastercard Crypto Credential.Mastercard will also work with wallet providers Uphold, Bit2Me, Lirium, and Mercado Bitcoin on the program.Mastercard is partnering with several blockchain platforms in a bid to develop a new set of crypto standards aimed to boost the industry’s overall trust score.In an announcement at Consensus 2023 on Friday, the payments firms said it was teaming up with Polygon, Aptos Labs, Solana Foundation and Ava Labs, to develop the Crypto Credential.At #Consensus23, we announced how we are instilling trust in the blockchain ecosystem through Mastercard Crypto Credential. With crypto wallet providers @Bit2Me_Global, @LiriumAG , @MercadoBitcoin and @UpholdInc and public blockchain network organizations @AptosLabs,… pic.twitter.com/P33mtDVAas— Mastercard News (@MastercardNews) April 28, 2023According to the company, the Mastercard Crypto Credential is an effort targeted at incorporating the best of common standards into the crypto infrastructure and broader space providers to help instill trust in crypto from consumers, businesses and governments.Raj Dhamodharan, the head of crypto at Mastercard noted in a statement that building trust is a crucial step for the blockchain ecosystem as it looks towards mainstream adoption. Crypto Credential, he noted, is one way of pushing for “trusted, compliant, and verifiable” blockchain interactions.“With Mastercard Crypto Credential, we can help ensure that those interested in interacting across Web3 environments are meeting defined standards for the types of activities they’d like to pursue. Mastercard Crypto Credential will not only define verification standards and levels, but also provide necessary enabling technology to help bring more use cases to life” he added.Standards for verification in NFTsThe common standards being advocated for will also help with instilling trust in NFTs, with the partners collaborating towards enhancing verification in NFTs. Mastercard will also work with blockchain firms around verification in ticketing and other payments solutions.Solana, Polygon, Aptos Labs and Ava Labs are set to aid in having the new crypto standards available to and applied by developers within their ecosystems.Other than that, crypto wallet providers Lirium, Uphold, Mercado Bitcoin and Bit2Me will look to tap into the standards for their cross border transfers. The platforms will initially focus on crypto payments and remittances within the United States, Latin America and the Caribbean corridors.The post Mastercard partners Solana and Polygon on new crypto standards system appeared first on CoinJournal.

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<strong>Singapore, Singapore, April 28th, 2023, Chainwire</strong>“Alphie” bot currently specializes in the hot ZK & Optimistic Rollup sectors, with more to come<a href="https://www.ojamuai.com">Ojamu</a>, the AI & Blockchain-powered intelligence platform geared towards providing insights into the blockchain & Web3 economy, announced its latest product today, with the launch of its ChatGPT integrated bot “<a href="http://chat.ojamuai.com/">Alphie</a>”, available in both mobile and desktop versions.Alphie is an advanced, AI-driven ‘Alpha Finder’, providing valuable insights and in-depth analysis in the most cutting-edge areas of the cryptocurrency industry.Ojamu CEO and Founder Hal Bame commented, “The bot’s name comes from ‘Alpha’, which in many industries is seen as ‘hard-to-find’ or essential information. Alphie initially focuses on the incredibly popular and fast-moving ZK/Optimistic Rollup space, with leading chains such as Polygon & Arbitrum incredibly acitve, helping users understand complex concepts and terminologies that might otherwise be difficult to grasp and find necessary information on, as well as associated projects.”<a href="https://coinjournal.net/wp-content/uploads/2023/04/111png_1682697024JUfgnKl2YX.jpg">Media</a>Alphie’s capability goes beyond ‘lookups’. For example, it can break down whitepapers into more digestible information, in order to accelerate users’ research and help them to make better-informed decisions, find specifics on various technologies and understand how those projects differentiate from others.Key groups within the crypto/blockchain ecosystem will benefit from Alphie:●    <strong>Traders</strong> gain insights on project fundamentals, technology, and team credentials to make informed decisions and improve trading outcomes.●    <strong>Investors</strong> can make better investment choices based on solid evaluation of projects’ long-term potential by analyzing tokenomics, use cases, and market trends.●    <strong>Developers</strong> can easily assess complex emerging technologies like ZK/Optimistic Rollup scaling solutions to decide which is best suited to integrate into their projects.●    <strong>Crypto enthusiasts</strong> can expand their knowledge of the ZK/Optimistic Rollup space and stay up-to-date with the latest trends and developments thanks to Alphie’s ability to simply explain complex concepts.Alphie leverages ChatGPT AI technology and fine-tuning AI smart toolsets, as well as Ojamu’s own proprietary AI and data methodology, in order to provide as complete and up-to-date information as possible.Alphie demystifies ZK/Optimistic Rollups and other advanced blockchain technologies, making it easier for users to comprehend their advantages, limitations, and potential use cases. The bot can provide a comprehensive understanding of these two technologies, their underlying principles, benefits, and drawbacks. It can explain how these Layer 2 scaling solutions work, how they differ from each other, and how they can help address the transaction throughput challenges faced by various blockchain networks. Alphie can also delve into the potential risks and trade-offs associated with implementing these technologies, such as security and data availability concerns.Ojamu’s future product plans include expanding Alphie’s coverage to encompass all crypto categories and provide more advanced research and insights based on further technical and fundamental analysis. GPT-4 research and integration are already underway for enhanced AI performance and datasets, as well as improved natural language understanding capabilities, ensuring that Alphie remains at the cutting edge of AI-driven chatbot technology.For more information, visit: <a href="http://www.ojamuai.com/">www.ojamuai.com</a>About OjamuAlphie is the second product offering in Ojamu’s suite of AI-driven smart toolsets and is the first of its B2C product offerings. Ojamu is continually is looking to enhance and expand the Alphie suite of products, increasing its offerings both within the…

H.C. Wainwright analyst sees upside in Bitfarms to $2.0 a share.He explained his constructive view in a research note on Friday.Bitfarms stock has already nearly tripled since the start of 2023.Shares of Bitfarms Ltd have already nearly tripled since the start of the year but an H.C. Wainwright analyst is convinced that rally is far from over just yet.Bitfarms stock could climb to $2.0On Friday, Kevin Dede reiterated his “buy” rating on the bitcoin miner and said its shares could climb to $2.0 – up another 80% from here.The bullish call on Bitfarms stock arrives only hours after the company expanded operations in Argentina that increased its fleet hash to 5 EH/s.Estimates Dede has for 2023 are based on a hash rate of about 5.7 EH/s – a level he’s confident the miner will hit in its September quarter.This fleet expansion also came without further shareholder dilution – an added prize not universally shared across the spectrum of publicly traded bitcoin miners.Bitfarms Ltd is generating cashThe H.C. Wainwright analyst remains constructive on Bitfarms Ltd also because it did not slip into negative EBITDA even in the fourth quarter when thing went haywire for the crypto space at large.Other reasons cited for the constructive view on Bitfarms stock include its gross mining margin that declined sharply (year-over-year) in 2022 but still stood at a healthy 33% nonetheless. Dede said in his research note:We understand potential upside in Argentina. With greater financial flexibility via stronger balance sheet, Bitfarms has options to consider additional business development opportunities.Expansion in Quebec, Paraguay, and Washington State will help the share price as well, he concluded.The post Bitfarms stock still has another 80% upside from here, analyst says appeared first on CoinJournal.

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