Das Blockchain-Netzwerk Solana schafft im Q2 deutlich mehr tägliche Transaktionen als der große Konkurrent Ethereum.
AscendEX Earn adds KIN staking with 5% APR
KIN is a Solana blockchain token in the Solana Program Library (SPL) token collection.
Crypto platform AscendEX has added support for Kin (KIN) staking, a Solana SPL token, according to a crypto news release the trading venue shared on Monday.
It means investors can begin staking KIN tokens on 19 September 2022 at 1:00 pm UTC, adding to the many other opportunities available on the platform.
KIN staking on AscendEX Earn
KIN holders can stake their tokens via AscendEX Earn, the centralised crypto trading venue’s staking feature, the release noted. On it, investors will be able to earn up to 5% APR on their delegated KIN deposits.
AscendEX Earn offers access to several Earn products across staking and decentralised finance (DeFi) yield farming, with users benefiting from near-zero gas fees. Minimum delegation amount will be 1,000,000 KIN.
As other suite of products, Kin is also available for “compound mode” – a feature that lets users automatically compound their staking rewards when targeting higher returns, the platform wrote.
Kin is now one of over 90 crypto assets with staking support on AscendEX Earn, including Bitcoin, Ethereum, and Shiba Inu. Others are stablecoins USD Coin (USDC) and Tether (USDT).
We have launched staking for @Kin_Ecosystem. #AscendEX users can now stake $KIN to earn 5% est. APR.
💰Token: KIN
📈Est. APR: 5%
🔩Minimum Delegation Amount: 1,000,000 KIN
💪Compound Mode: SupportedEarn~ 5% APR 👉 https://t.co/2769TgimjM#AscendEXEarn pic.twitter.com/WOSIivSVBs
— AscendEX (@_AscendEX) September 19, 2022
Solana-based Kin can easily be integrated across both mobile and web apps, and offers a built-in developer incentive model where rewards accompany increased app usage. The Kin Ecosystem launched in 2017 and currently boasts more than 65 million wallets, with over $70 million in rewards distributed across 80+ apps.
On 14 september, Kin announced integration with e-commerce platform Shopping.io, allowing for the use of KIN as a payment method across online shopping venues such as Amazon, Ebay, Walmart, and Home Depot.
The post AscendEX Earn adds KIN staking with 5% APR appeared first on CoinJournal.
Australischer Senator legt Entwurf für Stablecoins, Krypto und CBDCs vor
Senator Andrew Bragg will in Australien einen „effektiven Gesetzesrahmen zur Regulierung“ von Kryptowährungen schaffen.
Bitcoin, Ether im Wochenrückblick: PoS könnte ETH zum Wertpapier machen, BTC zurück unter 19.000 US-Dollar
Trotz relativ guter Nachrichten und dem Merge hat die Kryptoindustrie in dieser Woche einen massiven Einbruch erlitten. Bitcoin und Ether brachen deutlich ein.
Bitcoin slips below $19k ahead of another crucial FOMC meeting this week
The cryptocurrency market has continued its poor start to the week, with Bitcoin dropping below $19k ahead of another FOMC meeting.
The cryptocurrency market performed poorly last week, losing its $1 trillion market cap peg. The poor performance has now stretched into the new week, with the broader market losing more than 5% of its value in the last 24 hours.
As a result of the poor performance, the total cryptocurrency market cap could drop below the $900 billion mark for the first time this month.
Bitcoin, the world’s leading cryptocurrency, has underperformed in recent weeks. At press time, Bitcoin is trading at $18,954, down by more than 4% in the last 24 hours.
The leading cryptocurrency is underperforming ahead of another crucial FOMC meeting on September 20th and 21st.
The market is expecting another 75 basis points increase in interest rates, a move that could see Bitcoin, the crypto market, and the broader financial market perform poorly.
So far this year, the FOMC raised federal fund rates by 25 bps in March, followed by a 50 bps in May and another 75 bps hike in the June and July meetings each. Thus, taking the present policy rate to 2.25-2.5%.
Key levels to watch
The BTC/USD 4-hour chart is negative as Bitcoin has been underperforming over the last few hours. The MACD line has stayed within the negative zone over the past week and remains there. Hence, indicating that the bears are in control.
The 14-day relative strength index of 39 shows that Bitcoin could enter the oversold region if the bearish momentum continues.
If the negative sentiment doesn’t improve, BTC could dip below the $18,713 support level before the end of the day.
Bitcoin might experience further losses ahead of the FOMC meeting and could decline below $18k for the first time in two months.
The bulls might regain control of the market and push BTC past the $19,500 resistance level over the next few hours.
Where to buy now
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
The post Bitcoin slips below $19k ahead of another crucial FOMC meeting this week appeared first on CoinJournal.