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pSTAKE partners Anchorage Digital to bring liquid staking to institutions
Liquid staking protocol pSTAKE to offer native crypto to institutions via Anchorage Digital.
Anchorage Digital, the regulated crypto platform offering integrated financial services and custody solutions to institutions, and the first federally-chartered crypto bank in the United States, now supports the custody of PSTAKE, the native governance token of the liquid staking protocol pSTAKE.
pSTAKE Finance is developed by Persistence (XPRT), a liquid staking hub for proof-of-stake (PoS) assets.
Institutional adoption across staking protocols
Despite the crypto market‘s struggles in 2022, institutional adoption continues with major players across legacy and digital assets driving the growth.
In its announcement Wednesday, pSTAKE said it had struck a partnership with Anchorage Digital in a collaboration that will see the US-regulated platform offer secure custody of the PSTAKE token to institutions.
Anchorage Digital’s support for institutions, which includes this crypto-backed loan facility, keeps growing.
In this case, institutiona can now hold the pSTAKE crypto asset via a secure provider, with ensuing institutional participation helping drive adoption across several staking protocols in the Cosmos (ATOM) ecosystem.
Persistence founder Tushar Aggarwal commented:
“Anchorage has proved to be the industry-leading digital asset custodian, and we are delighted to partner with them to accelerate the next phase of growth for pSTAKE. Anchorage brings both security and a strong user experience, and we’re pleased institutions can now leverage pSTAKE’s liquid staking solution to maximize capital efficiency for their assets. A win-win for both ecosystems.”
pSTAKE, which offers a multi-chain platform key in the unlocking of liquidity of staked digital assets, allows investors holding proof-of-stake coins to receive PoS rewards without having to sacrifice the liquidity of these assets.
Apart from being the leading liquid staking provider in the Cosmos ecosystem, pSTAKE also supports Ethereum and BNB Chain ecosystems. There are also plans to roll out the solution across other ecosystems, with Solana and Avalanche next in line.
The post pSTAKE partners Anchorage Digital to bring liquid staking to institutions appeared first on CoinJournal.
After 9% losses in a week, Cardano stares at a bottomless pit
Nearly a month after the Cardano hard fork, the native cryptocurrency (ADA) remains underwater. Largely, the bearish price action is due to a weak market sentiment. However, data by CoinMarketCap shows ADA making bigger slumps compared to its closest rivals.
As of press time, ADA price was trading at $0.357, shedding 8.65% in the past week. The decline is the largest among the cryptocurrencies in the top ten bracket by market cap. Amid the bear momentum, Cardano is witnessing increased activity.
Data shows Cardano network transactions rose 75% month-over-month to 97,959 on October 19. The NFT volume on the network reached 3.0 million on October 17. On October 15, Coin98 Analytics ranked Cardano second in terms of active developer counts. The developments are positive and indicate that Cardano could continue to grow.
Amid the developments on Cardano, whales are showing limited interest in taking the price higher. The price action shows no end in sight for ADA after the token lost an important $0.42 support.
ADA’s bear momentum accelerates after losing the $4.2 support
Source – TradingView
ADA’s price action on the weekly chart shows the token crashing below $4.2. The decline suggests a bottomless next price for ADA with no support in the vicinity. An RSI reading of 32 highlights that bears has been aggressively selling the token after it lost the support. The token is near oversold, but this doesn’t signal an imminent bullish reversal.
Is ADA a buy now?
There is no clear buy zone for ADA below $4.2. Conversely, we cannot confidently tell the next likely support for the cryptocurrency. As long as ADA trades below $4.2, we discourage buying the token.
Instead, traders should wait until ADA recaptures $4.2 to buy it. The sentiment should also work in favour of the cryptocurrency.
Where to buy ADA
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy ADA with Capital.com today
The post After 9% losses in a week, Cardano stares at a bottomless pit appeared first on CoinJournal.
Best low-cap coins to buy this week
The cryptocurrency market has been underperforming over the past 24 hours, and this might be a good chance for investors to accumulate more coins.
The cryptocurrency market has been underperforming today after an excellent start to the week. This gives investors an opportunity to purchase more of their favourite coins and tokens.
Bitcoin, Ether, XRP, ADA, BNB and MATIC are some of the most popular coins that investors will be looking at. However, there are certain projects still in their infancy, with low market caps, that could prove to be good buys for investors in the long run.
Here are some of the best low-cap coins investors can buy this week.
Top five low-cap coins to buy
Battle Infinity (IBAT)
Battle Infinity has a market cap of $10 million and is one of the best low-cap coins to buy this week.
Battle Infinity is a gaming platform comprising multiple P2E (Play-to-earn) battle games. The games are integrated within a Metaverse world the team calls the IBAT Battle Arena.
Gamers also get to enjoy and experience the immersive metaverse world in the Battle Infinity ecosystem. IBAT is available on Pancakeswap and Lbank.
Where to buy IBAT now
Lucky Block (LBLOCK)
LBLOCK is the native coin of Lucky Block, a leading marketplace for online prizes and competitions. Lucky Block takes advantage of blockchain to promote credibility and transparency in the online gaming ecosystem.
The platform also offers users access to various competitions within its ecosystem. It uses the LBLOCK token to grant players easy access to its platform. With a market cap of just $8 million, LBLOCK is currently available on Pancakeswap.
Where to buy LBLOCK now
As LBLOCK is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LBLOCK using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LBLOCK right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›
We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and ‚connect‘ your wallet to it.
4. You can now swap your BNB for LBLOCK
Now that you’re connected, you’ll be able to swap for 100s of coins including LBLOCK.
AUDIUS (AUDIO)
Audius is already a popular name in the cryptocurrency space but remains a very good token for investors interested in music streaming.
Audius is a decentralized music streaming protocol on the Solana blockchain. The primary goal of Audius was to remedy the inefficiencies of the music industry, allowing artists to gain more rewards for their work.
AUDIO has a market cap of $154 million and can be found on some popular exchanges, including Binance, KuCoin, FTX, Kraken, Huobi Global, and Bitstamp.
Where to buy AUDIO now
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Defi Coin (DEFC)
In terms of market cap, Defi Coin is the lowest in this list. DEFC has a market cap of just $800,000 and is available only on Pancakeswap.
Defi Coin is an algorithmic crypto trading strategies platform. The broader Defi Coin ecosystem intends to become the go-to platform for global decentralised investment products.
Where to buy DEFC now
Tamadoge (TAMA)
Tamadoge (TAMA) is the native token of the Tamaverse, a fast-rising meme coin. Tamaverse allows users to mint, breed and battle their own Tamadoge pet in the metaverse.
With TAMA, users have the ability to mint the doges they desire. The token also allows holders to breed, train and battle their Tamadoge NFTs and compete for the leaderboard every month.
With a market cap of just $27 million, TAMA is already gaining popularity and is on listed on some exchanges, including OKX, MEXC, LBank, and Uniswap.
Where to buy TAMA now
The post Best low-cap coins to buy this week appeared first on CoinJournal.
21Shares bringt Bitcoin ETP in den Nahen Osten
Der Krypto-ETP-Anbieter 21Shares bringt physisch besicherte #Bitcoin-ETP in den Nahen Osten.