Monat: April 2023

Veröffentlicht am

Visa reveals “ambitious crypto product roadmap”

  • Visa’s Head of Crypto announced this on Monday.
  • The company is hiring software engineers to help develop the next generation products in blockchain and stablecoin payments.
  • Visa had reportedly paused its crypto-related projects amid the regulatory uncertainty in the US.

Visa, a global leader in digital payments technology, is looking to extend its reach across the digital payments space via a new “ambitious crypto product roadmap.”

Sharing the crypto-related news on Monday, Visa’s Head of Crypto Cuy Sheffield, said the US-based company is eyeing further push across mainstream adoption of public blockchains and stablecoin payments.

Visa announces job hires for crypto-related software engineers

The company is on the hunt for senior software engineers that will help advance this goal, particularly around creating next-generation products powered by blockchain and smart contracts and targeted at improving everyday lives. 

For the hires, Visa would prefer talent that has experience with Github Copilot and other artificial intelligence (AI) assisted engineering tools.

“We have an ambitious crypto product roadmap @Visa and just opened a few reqs for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments. Particularly interested in experience using Github Copilot and other AI assisted engineering tools to write and debug smart contracts,” Sheffield announced via Twitter.

The Visa Head of Crypto also linked to a jobs page where the company has highlighted the description for the full-time, London-based job opportunity.

Among other things, interested software engineers should be proficient programmers, with experience in building highly scalable backend systems. Enthusiasm and passion about the Web3 stack is also key.

Visa’s latest announcement on crypto developments at the company comes a few weeks after reports emerged the financial services giant was pausing crypto-related activities amid uncertainty in the US regulatory environment.

The post Visa reveals “ambitious crypto product roadmap” appeared first on CoinJournal.

Veröffentlicht am

Crypto price prediction: MATIC, FLOKI and DIONE

  • Polygon (MATIC) price has a robust support base at around $0.918.
  • FLOKI price could rise further as the memecoin begins trading on Binance.US.
  • Dione (DIONE) price hit a new all-time high on 24 April 2023 and could make new upward moves amid price discovery.

Bitcoin (BTC) price began Monday with bulls battling to hold onto recent gains above the $27k level, with analysts predicting the benchmark cryptocurrency risks a retest of support at $26,500.  With the gains made following the rally to $31k over the past few days quickly evaporating, traders could look for potential trades in the altcoin market.

But what is likely to happen if markets continue to dump? Here is a crypto price prediction outlook for Polygon (MATIC) Floki (FLOKI) and Dione (DIONE).

MATIC price prediction: Polygon major support at $0.91

The price of Polygon (MATIC) dipped below $1 on Monday as selling pressure for the 10th ranked crypto by market cap saw 140 million MATIC transferred to crypto exchange Binance. Whale Alert highligted one such transaction.

MATIC price also fell as total liquidations for crypto rose 107% to over $89 million in 24 hours, with about $744,000 of this for Polygon.

While MATIC/USD has moved back to near $1 at the time of writing, on-chain data suggests robust support lies around $0.918. A dip to these levels is possible, although a sentiment flip at this major demand reload zone will aid MATIC’s new bullish momentum.

Market data and intelligence platform IntoTheBlock shared the details below about Polygon’s on-chain activity.

“MATIC is back under $1. Let’s take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again.”

FLOKI price prediction: Floki rips as Binance.US lists FLOKI

FLOKI (FLOKI) price was up more than 33% at the time of writing, trading around $0.000038 as intraday trading volume jumped over 500% to $56 million.

Amid the sharp rise in FLOKI price and market activity has been a major Floki news development. On Monday, crypto exchange Binance.US opened deposits for FLOKI ahead of trading on Tuesday. The reaction to the news was FLOKI price jumping towards highs seen on 17 April 2023.

FLOKI deposits are now open on the Binance.US exchange, with trading in the FLOKI/USD and FLOKI/USDT pairs set to begin on 25 April 2023 at 12:00 pm UTC.

As for FLOKI price prediction, the $0.000040 area remains a major resistance zone. Breaking past this could see buyers target February highs. The road to the long term target of $0.1 remains tough given price is 88% off the all-time high of $0.00033 reached on 4 November, 2021.

Dione price prediction: DIONE hits new all-time high

Dione is a L1 blockchain in development and designed to enable renewable energy trade. The coin is developed by top crypto minds and is tapping into Starlink technology to help increase decentralistion of blockchain nodes.

Dione (DIONE) is trading around $0.0045 as of 12.50 pm ET on Monday 24 April 2023, the price being about 4% up in the last 24 hours. DIONE/USD is up nearly 300% in the past month and 78% in the past seven days.

However, DIONE has retreated roughly 14% from its all-time high above $0.0052 hit earlier today.

Dione has recorded a daily trading volume of over $1 million in the past 24 hours, with a rise in market activity represented by the 289% increase in daily volume. DIONE price is likely to continue in price discovery mode, with possible moves to $0.01 in coming weeks. 

On the flipside, profit taking deals can see sellers push DIONE/USD back to February lows.

The post Crypto price prediction: MATIC, FLOKI and DIONE appeared first on CoinJournal.

Veröffentlicht am

Zimbabwe to issue gold-backed digital currency to save local currency

  • The Zimbabwe dollar has been depreciating against the US dollar.
  • The country has been struggling with inflation for more than a decade now.
  • The Reserve Bank of Zimbabwe (RBZ) has announced plans to launch a gold-backed digital currency.

While countries work on central bank digital currencies (CBDCs) and others like El Salvador embrace Bitcoin as their legal tender, Zimbabwe has announced a plan to launch a gold-backed digital currency.

The Reserve Bank of Zimbabwe (RBZ) towards the end of last week announced that it was working on a gold-backed digital currency that will become legal tender in the country. The move is part of the Zimbabwean government’s strategy to keep the local currency from depreciating further against the US dollar.

Hedging against currency instability

According to reports from local media, the gold-backed digital currency will allow the Zimbamweans to trade tiny sums of Zimbabwean dollars for the digital gold token. This will allow Zimbabweans to hedge against their local currency instability.

According to the governor of the Reserve Bank, John Mangudya, the objective of the digital currency is to “leave no one and no place behind.” The governor however added that they expect the “parallel market currency rate to stabilize once tobacco growers receive their payments in USD in the coming weeks.”

Mangudya claims that the current Zimbabwean dollar exchange rate volatility is a result of expectations of increased foreign currency supply in the market because of the tobacco season. Currently, the Zimbabwean dollar is trading at 1,001 ZWL per $1 and is routinely traded at 1,750 ZWL per $1 on the streets of the national capital, Harare.

The post Zimbabwe to issue gold-backed digital currency to save local currency appeared first on CoinJournal.