Bitcoin findet im Oktober langsam zur erhofften Stärke, während es für den US-Dollar abwärts geht.
Japan will verstärkt in digitalen Wandel investieren, darunter auch Metaverse und NFTs
Japans Premierminister Fumio Kishida will die Investitionen in NFTs und Metaverse stärken und die Technologien vermehrt in die Abläufe des Landes einbinden.
AllStars Digital partners Aurora Labs to expand sports-based crypto trading
- AllStars Digital is looking to leverage Aurora Labs’ blockchain technology solutions to revolutionise crypto trading of assets based on real-life performances of sports stars, including in football, cricket, basketball and e-sports.
AllStars Digital (ASD), a digital sports exchange for the tokenisation of sports-based alternative assets, wants to accelerate adoption of sports-based crypto trading.
To achieve this, the platform has struck a partnership with blockchain technology solutions provider Aurora Labs, a deal poised to bring millions into crypto trading based on real-life sports stars across global sports ecosystems.
Redefining sports-based crypto trading
Aurora Labs’ technology will help AllStars Digital launch new player-based digital asset offerings and expand the exchange’s trading on sports performance.
The deal will also help the digital assets provider offer more people around the globe access to a wide range of real-time sports-based tradable products, the firm said in a press release shared with CoinJournal on Tuesday.
Marc Aspinall, the COO of AllStars Digital, commented:
“We’re excited to partner with Aurora Labs and look forward to how this new partnership will help us reimagine what’s possible in the sports-based digital asset space. Traditional sports betting focuses on binary outcomes where participants win or lose depending on specific declarations – a major disconnect for sophisticated sports fans and digital communities that prefer taking a holistic position on assets with relatable value.”
AllStars hopes to tap into Aurora Labs’ blockchain-focused solutions to redefine crypto trading in the sports ecosystem, with a focus on revolutionising the space via real-life performances of sports stars.
“We will provide the exchange for trading on sports performance; real-time tradable products that are based on definitive sports data. We’re starting with the world’s biggest football and cricket stars and have plans to add basketball and e-sports in the roadmap. After that, we’ll let the community decide,” Aspinall added in a statement.
Other benefits include multi-chain integration
Key developments set to come out of the partnership, and which could be critical to ASD’s future growth include launch of an AllStars Chain, integration of a dApps distribution system, support for multiple developer languages, and advanced security.
Other benefits will be superior processing power, an upgradable blockchain, and interoperability with multiple consensus mechanisms.
Meanwhile, Aurora Labs’ decentralised application (dApp) platform Aurora Chain will leverage the partnership to expand its services into crypto sports staking.
The partnership between the two platforms was facilitated by blockchain consultancy and advisory solutions provider GDA Capital. The company offers advanced solutions designed to help innovative startups bridge the gap between blockchain and traditional finance.
The post AllStars Digital partners Aurora Labs to expand sports-based crypto trading appeared first on CoinJournal.
Polygon’s MATIC recovers support. What next?
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Polygon’s native token MATIC has gained by 8.00%, underlining solid recovery.
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Brokerage firm Robinhood said it would launch its Web3 wallet on Polygon
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Bulls are in control, but it remains to be seen of price action at $0.90 and trendline
Polygon’s MATIC/USD could be back to winning ways if the latest gains are to go by. As of press time, MATIC had added 8.00% and looked increasingly bullish. There has been a string of positive developments for the Ethereum Layer-2 scaling solution. Let’s look at the latest.
Robinhood, an online brokerage firm that promises commission-free trading, remains a retail darling. Although the popular trading platform has taken a hit this year, it always elicits excitement on major news.
On September 27, Robinhood announced its Web3 wallet would launch on Polygon. That comes after, earlier, launching MATIC transactions on Polygon. However, MATIC remained largely bearish in September, coinciding with the weak crypto sentiment.
MATIC outlook as recovery continues above $0.76 support
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Skilling
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If we turn to the technical side, MATIC has recovered the $0.76 support after the price slipped temporarily below. The level remains crucial to a technical reader since bulls have defended it since July. The latest surge could imply that buyers are getting active.
Source – TradingView
Looking at the moving average, MATIC has recovered above the 20-day MA. It is also moving above the 50-day MA. The MACD indicator remains in the bear zone but shows a bullish building momentum. However, MATIC remains trapped by a short-term descending trendline.
Concluding thoughts
A bull case scenario for MATIC could be confirmed by a bullish moving average crossover. The price has to move above the short-term descending trendline. Otherwise, a price rejection at the descending trendline would invalidate any bullish bias.
Another price point of interest is $0.90. It coincides with a minor resistance and could force a correction.
The post Polygon’s MATIC recovers support. What next? appeared first on CoinJournal.
What’s the bullish case for BNB as token initiates recovery?
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Binance has announced a string of developments in a bid for global expansion
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BNB is recovering amid positive development
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The upside looks sustainable, but BNB faces resistance at $300
Binance BNB/USD trades at $291, recovering from the September bottom of $260. As of press time, BNB had gained 2.12% in a day amid small recoveries in the broader crypto sector. The gains come when Binance is scoring major wins in global expansion.
On September 28, Binance signed an agreement with Kazakhstan for the shared development of the crypto sector in the country. According to Kazakhstan president Kassym-Jomart Tokayev, Binance will create a “hub for the entire region.” The latest development comes after Binance was, in August, authorized to operate in the country. Kazakhstan remains a key crypto market, coming second in bitcoin mining hash rate after the US.
On October 3, Binance again opened two new offices in Brazil. The move is expected to expand the crypto exchange’s footprint in South America. The exchange recently unveiled a new office in New Zealand and eyes expansion in Italy, France, and Spain.
While we cannot ascertain whether the latest developments are responsible for BNB gains, they add a positive sentiment. A brief technical overview shows the price rally could continue, at least in the short term.
BNB recovers from the $260 support
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.
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Source – TradingView
A technical outlook shows that BNB has initiated a breakout from a descending triangle. The bullish reversal occurred as the price settled at the $260 support. From the MACD indicator, the momentum is bullish and increasing.
Concluding thoughts
BNB looks poised for further gains after a breakout. However, $300 resistance remains a key level to watch. The cryptocurrency must overcome the resistance to find room for the next move to $330.
The post What’s the bullish case for BNB as token initiates recovery? appeared first on CoinJournal.