Monat: Mai 2023

Veröffentlicht am

STEPN (GMT) price rising on Apple Pay integration

  • At press time, the price of STEPN (GMT) was $0.2922, after a 7.90% surge in the last 24 hours.
  • STEPN has integrated Apple Pay into their platform.
  • It is the first blockchain gaming app to integrate Apple Pay.

STEPN (GMT) price has taken to the skies today after the STEPN team announced that they had successfully integrated Apple Pay into the platform.

STEPN, a leading Web3 move and earn application, follows a dual-token model with a utility token called GST and a governance token called GMT, which is also tradable on the secondary market.

The GST token has an unlimited supply it is earned when a user/member makes movements.  is the app’s currency that is earned for movement. It has several burn mechanisms to avoid inflation; for example, it is used to mint or repair sneakers, level up sneakers, and upgrade gems.

The GMT token on the other hand is earned after users level up their sneakers to level 30.

Buying STEPN products and upgrades using Apple Pay

Following the integration, STEPN has become the first blockchain gaming application to integrate Apple Pay.

The move will allow users to leverage Apple Pay’s simplicity, speed, and security when purchasing STEPN products and upgrades directly on the STEPN app. It will eliminate the need for connecting a separate cryptocurrency wallet thus streamlining the payment process and making it easier for the STEPN community members.

In a statement announcing the integration, Yawn Rong, the co-founder of Find Satoshi Lab (FSL), the Web3 development studio behind STEP said:

“This integration opens us up to a whole new audience, making Web3 more accessible to the masses. It bridges the gap between Web2 and Web3 technologies in an unprecedented way. We believe this is a momentous step towards onboarding the next 100 million users to Web3 technology. With our experienced team, we are confident in our ability to make this a reality, as we have already scaled from thousands to millions of active users. We extend our sincere gratitude to Apple for their support.”

STEPN is a pioneer in the move and earn apps and its Apple Pay integration is a major milestone as the team works on making Web3 technology accessible to all.

The post STEPN (GMT) price rising on Apple Pay integration appeared first on CoinJournal.

Veröffentlicht am

MetaMask does not collect taxes on crypto transactions- ConsenSys

  • ConsenSys says allegations about MetaMask as false
  • The section in its terms referred to in allegations that MetaMask collects taxes on crypto only applies to given products and paid plans that the company offers, not MetaMask.
  • The particular products and plans are also those that involve sales tax only.

ConsenSys, the company behind the popular MetaMask crypto wallet, has denied claims that it collects taxes on crypto transactions. 

The Ethereum blockchain software firm says that the allegations are “false” and that it has not made any changes to its terms of service to reflect this.

ConsenSys says allegations about MetaMask are false

The uproar appears to have stemmed from a section of MetaMask’s terms of service that states that the wallet retains “the right to withhold taxes as necessary.”

However, in a Twitter thread clarifying the T&Cs, ConsenSys says that the section only applies to specific products and paid plans that the company offers. It does not apply to MetaMask.

“The tax section in our terms of service falls under the “fees and payment” section, and it exclusively pertains to products and paid plans offered by ConsenSys. For example, Infura has credit card developer subscriptions which include sales tax,” the statement noted.

Adding that it believed in transparency and accuracy of information shared with users, the company added:

“Legal terminology can be complex, but it’s crucial to emphasize that this section DOES NOT apply to MetaMask or any other products that don’t involve sales tax.”

According to ConsenSys, no user assets are withheld on the premise that the user failed to pay taxes. Compliance with all applicable tax laws when it comes to customer’s assets is that user’s responsibility, the firm clarified.

User privacy and secutiry among users’ priority

Questions about MetaMask’s tax policies began to swirl as some Twitter users voiced concerns that the wallet service was working with law enforcement. 

The claims have been that the wallet is helping tax authorities to track down those deemed not to have paid taxes on their crypto holdings.

In 2022, ConsenSys came under criticism over its collection of the IP addresses and other details of users’ personal data. But pointing to its privacy policy, ConsenSys said the issue only affected those using its API-based tool Infura.

Using the tool as the default remote procedure call (RPC) in MetaMask would see it collect the user’s IP address as well as their Ethereum wallet address. However, using another RPC provider or Ethereum node in MetaMask meant no such data collection.

The post MetaMask does not collect taxes on crypto transactions- ConsenSys appeared first on CoinJournal.

Veröffentlicht am

Securities Commission Malaysia (SC) orders Huobi Global to stop operations

  • The securities commission said Huobi was operating in the country without registration.
  • The exchange was ordered to disable its website and mobile apps.
  • Huobi was also ordered to cease circulating, publishing or sending advertisements to Malaysian investors.

The Securities Commission Malaysia (SC) has today ordered Huobi Global cryptocurrency exchange to stop its operations in the country.

The regulator told the exchange’s CEO Leo Li to disable its website and mobile applications because the exchange was operating a digital asset exchange without registration. It also told Huobi Global to stop circulating, publishing or sending advertisements to Malaysian investors.

Operating without registration from the SC

The Malaysian SC accused the crypto exchange of operating a digital asset exchange without obtaining a registration from the regulator as a Recognized Market Operator, which is an offence under the Capital Markets and Services Act.

The regulator gave CEO Leon Li the task of ensuring that the crypto exchange adheres to the given directives.

Furthermore, the Securities Commission Malaysia (SC) also asked Malaysian investors using Huobi Global to cease using the exchanges platform, withdraw their assets, and close their accounts.

Huobi Global rebranding

In November 2022, Huobi Global underwent a rebranding after its acquisition by About Capital Buyout Fund the previous month.

As a result, a spokesperson of the company told a popular media outline that the order by the SC does not apply to the Huobi that operates under the rebrand but to the entity that is operating under the previous entity.

The post Securities Commission Malaysia (SC) orders Huobi Global to stop operations appeared first on CoinJournal.

Veröffentlicht am

Crypto price predictions: Alchemy Pay, Render Token, SUI

Cryptocurrency prices were relatively mixed on Monday as focus shifted to the upcoming Federal Reserve minutes and the debt limit issue. Bitcoin dropped below $27,000 while Ethereum was trading at $1,813. This coin price prediction will look at what to expect in Alchemy Pay (ACH), SUI, and Render Token (RNDR).

Alchemy Pay price prediction

Alchemy Pay is a company that is providing payment solutions in the blockchain industry. ACH, its native token, has jumped by more than 275% from the lowest level in December, making it one of the best-performing tokens om the industry. 

It has lost momentum recently after it formed a triple-top pattern at $0.045 whose neckline was at $0.022. In price action analysis, this pattern is usually one of the most accurate bearish signs. It has also moved below the 25-day and 50-day exponential moving averages, signaling that bears are in control.

Therefore, despite the recent rebound, I suspect that the ACH price will have a bearish breakout in the coming days. This view will be confirmed if it moves below the important support at $0.0222. If this happens, Alchemy Pay will have a bearish breakout to the next support at $0.1700.

How to buy ACH

Binance.US

Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.

Buy ACH with Binance.US today

Uphold

Uphold is a platform which has over 50 cryptocurrencies to choose from. It’s users can make crypto trades with a bank account, credit card or crypto debit card. It has variable fees and allows users to automate trades. Users who are on Brave’s internet browser can also earn BAT tokens based on their browsing habits.

Buy ACH with Uphold today

Render Token price prediction

Render Token has been in a strong bullish trend in the past few months. Together with Alchemy, it is one of the top-performing cryptocurrencies in the world this year. The token jumped above the key resistance point at $2.2052, the highest point on February 7. This means it is invalidating the double-top pattern.

RNDR price has moved above the 25-day and 50-day exponential moving averages and the 61.8% Fibonacci Retraacement. The Relative Strength Index is approaching the overbought level. Therefore, while there are risks, there is a possibility that the token will continue rising in the coming days. If this happens, the Render will likely jump above $3.

How to buy Render Token

Binance.US

Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.

Buy RNDR with Binance.US today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy RNDR with Swapzone today

SUI price prediction

SUI is one of the newest cryptocurrencies in the world. It is a blockchain project that was created to challenge the likes of Ethereum and Solana. After soaring to an all-time high of $1.1700 earlier this month, the coin has plunged hard recently. It fell to a low of $1.0374 during the weekend.

On the 30-minute chart, SUI has moved below all the important support levels, including $1.1140 and $1.100. It has also dropped below the short-term moving averages while its volume has dipped. Therefore, the outlook of the SUI token is bearish, with the next support being at $1.0375.

The post Crypto price predictions: Alchemy Pay, Render Token, SUI appeared first on CoinJournal.