Finanzmittel Info + Krypto + Geld + Gold
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Das Projekt Sango sieht den Aufbau eines „legalen Krypto-Zentrums“ vor, das Unternehmen und Krypto-Enthusiasten aus aller Welt anziehen soll. Außerdem soll im Rahmen des Projekts die Akzeptanz von Bitcoin im Land gefördert und eine virtuelle „Krypto-Insel“ eingerichtet werden.
According to a report released by global crypto exchange Currency.com yesterday, DOGE/USD trading volumes and the number of traders trading the pair have considerably reduced in June.
According to the report, DOGE trading volume reduced by 51% while the number of traders trading the DOGE/USD dropped by 57%. This is contrary to the month of May when DOGE was one of the top traded cryptocurrencies after Bitcoin, Ethereum, and Litecoin.
Dogecoin has been performing well especially due to the recent interactions with SpaceX and Tesla CEO, Elon Musk, who recently said that he will continue supporting the meme-coin despite a $258 billion lawsuit against him and his company. But in the month of June, the meme-coin seems to have run out of steam with traders turning to cryptocurrencies with larger market caps to avert risk as the market continues to be increasingly volatile.
Commenting on the report, the Currency.com LLC, US CEO, Steve Gregory said:
“This may suggest that traders are seeing a bottom for DOGE and favoring the safety of larger market cap coins like Bitcoin (BTC) and Ethereum (ETH). As we approach the end of June, $2.5B in open interest of BTC options expired last week bringing volatility across the asset class. All eyes will be on the next meeting of the Federal Reserve and with current indications pointing to a possible increase in the interest rate, it’s likely that risk assets like cryptocurrency could continue to slide. Typically, crypto is the first to sell-off, followed by the wider global equities markets.”
According to the report, BTC/USD, ETH/USD, and LTC/USD retained the top three spots respectively as the most traded cryptocurrencies on Currency.com.
It was also noted that more traders are selling bitcoin; something that could mean die-hard ‘Hodlers’ has grown weary.
However, traders seem to be more satisfied with Ethereum despite the current market volatility and Gregory had this to say about the coin:
“With the Ethereum ‘merge’ just a few months away and a major daily supply drop in ETH issuance, we see these as possible catalysts that pull the asset class out of its downward trend.”
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FTX CEO Sam Bankman-Fried (SBF) refuted rumors that the crypto exchange was planning to acquire the trading platform, Robinhood. This is after Bloomberg News reported yesterday that FTX was in talks to buy Robinhood.
However, the FTX CEO today issued an emailed statement saying:
“We are excited about Robinhood’s business prospects and potential ways we could partner with them, and I have always been impressed by the business that Vlad and his team have built. That being said there are no active M&A conversations with Robinhood.”
It is possible that the rumors suggesting that discussions were underway on how FTX would buy the brokerage app were based on an earlier comment by Fried that Robinhood was “an attractive investment.”
Since Robinhood has a dual-class shareholder structure that gives its founders more power, it will be difficult for FTX to make a buy-out without the approval of the founders.
Robinhood CEO, Vlad Tenev and CCO Baiju Bhatt own about 8% of the trading platform and have 64% voting power of the company.
According to a filing with the US Securities and Exchange Commission (SEC) last month, Sam Bankman-Fried has purchased a 7.6% stake in Robinhood and regards Robinhood as an “attractive investment.”
However, Fried said that he has no intentions to influence or change Robinhood.
Even though Robinhood offers limited assets on its trading platform, its revenue growth has been greatly influenced by the incomes from the crypto-related trading platform.
After joining the industry four years ago, Robinhood is currently trying to expand its crypto offering, where it launched a wallet functionality on its platform this year.
The post FTX not planning to acquire Robinhood, CEO says appeared first on CoinJournal.
Steem price has made a strong comeback in the past few weeks. The token jumped to a high of $0.2500, which was the highest point since June 11th. This price was about 64% above the lowest level this month. It has a market cap of over $93 million, making it the 262nd biggest coin in the world.
Social media has become one of the most important industries in the world. Today, many young people spend hours every day on popular social media platforms like Twitter, Facebook, and TikTok.
A common challenge for social media users is on how to monetize their work. Many users, especially those on YouTube make money by displaying ads in their content.
Steem is a blockchain project that is changing how creators make money online. It is achieving this by enabling people to create tokens that help monetize their content and grow communities. These Smart Media Tokens (SMT) have near-instant settlements and zero transaction fees. At the same time, creators can use these tokens to fundraise through an Initial Coin Offering (ICO).
Further, developers can build applications that are based on Steem’s technology. Some of the most popular applications in Steem are Steemit, DTube, and Utopian. According to the developers, Steem is now used by more than 1 million people while the number of Steem apps has risen to 324. They have also paid over $59 million in rewards to creators.
It is unclear why the price of the Steem token has surged in the past few days. The most likely scenario is that investors are buying the tokens dip since it was down by over 70% from its highest point on record. Another reason is the ongoing giveaway by the developers.
The four-hour chart shows that STEEM price has been in a strong bullish trend in the past few weeks. It has managed to move above the 25-day and 50-day moving averages. The coin has even crossed the important resistance level at $0.2163, which was the lowest point on May 31st.
Therefore, there is a possibility that the coin’s price will keep rising as bulls target the key resistance level at $0.2805. This was the highest point on June 9th. A drop below the key support level at $0.2163 will invalidate the bullish view.
The post Steem price prediction: Is $STEEM a good buy as it rebounds? appeared first on CoinJournal.
The cryptocurrency is trading in the red zone again, with most cryptocurrencies recording losses at the moment.
The cryptocurrency market has had a poor start to the day. The market lost more than 2% of its value earlier today but is slowly recovering and is only down by 1.25% at the time of this report
The total cryptocurrency market cap stands above $950 billion. Bitcoin, the world’s leading cryptocurrency, is down by 1.3% in the last 24 hours. BTC dropped below the $21k psychological level a few hours ago but is now trading above $21,100.
Ether has maintained its price above $1,200 despite losing 0.7% of its value in the last 24 hours.
XTZ, the native token of the Tezos blockchain, is one of the best performers amongst the top 40 cryptocurrencies by market cap. XTZ is up by more than 9% in the last 24 hours and currently trades at $1.65 per coin.
The catalyst behind XTZ’s positive performance could be the launch of the Open Web Forum 2022 Hackathon. The hackathon, organised by HackerEarth, is powered by Tezos.
📣 @HackerEarth’s Open Web Forum 2022 #Hackathon is here, powered by @Tezos!
Join creatives w/ technical skills to develop innovative #Web3 solutions and build games on #Tezos where you can journey through an ecosystem full of unique #DApps.
Registration closes July 18! ⤵️
— Tezos (@tezos) June 27, 2022
The XTZ/USD 4-hour chart is currently bullish as Tezos is performing positively. The technical indicators show that XTZ is outperforming the other major cryptocurrencies.
The MACD line is within the positive territory, indicating bullish momentum. The 14-day relative strength index of 66 shows that XTZ could soon enter the overbought region.
If the rally continues, XTZ could surge past the $1.73 resistance level soon. However, it would need the support of the broader market to trade above $1.9 for the first time in two weeks.
XTZ could drop below the $1.5 support level if the bears regain control of the market in the short term. However, XTZ should comfortably defend its position above the $1.34 support level over the coming hours.
The post Here is why Tezos’s XTZ is up by more than 9% today appeared first on CoinJournal.