Mit einem satten Sprung über 30.000 US-Dollar erreicht der Bitcoin-Kurs seinen höchsten Stand seit Mitte April.
Floki Inu price prediction as Chancer token sale gains steam
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Floki Inu price has soared in the past few days.
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It has joined other popular cryptocurrencies like BTC and Jasmy.
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Chancer’s pre-sale has raised over $309k in about a week.
Crypto investors are getting greedy as the focus shifts to the so-called TradFi continues. The crypto fear and greed index has jumped to the greed zone of 55 while the CNN Money index has moved to the extreme greed area of 75. Most cryptocurrencies have jumped, with Pepe, Bitcoin Cash, and Floki Inu soaring by over 20% in the past 24 hours. At the same time, Chancer has raised over $309k from investors in its token sale.
Why Floki Inu is rising
Floki Inu is a popular meme coin that aims to have utility in the blockchain industry. In the past few years, the developers have launched the Floki ecosystem, which is made up of a metaverse platform known as Valhalla, a DeFi product known as FlokiFi, and NFT collections.
The main reason why Floki Inu price is soaring is the ongoing move towards traditional finance, popularly known as TradFi. This is a trend where large traditional companies have started to embrace cryptocurrencies, Bitcoin in particular.
The trend started last week when Blackrock applied for the iShares Bitcoin Trust. It hopes that the SEC will give it the approval to launch the first spot Bitcoin ETF. Such an ETF will make it possible for investors to allocate funds into BTC without holding the real thing.
Shortly thereafter, other financial services companies also filed for their spot in Bitcoin ETF. They are well-known companies like Invesco and WisdomTree.
The other important crypto news was the decision by Deutsche Bank to file for a crypto custody license in Germany.
To be clear. The impact of these tradfi news are negligible to most cryptocurrencies since all these companies have focused on Bitcoin. As such, Floki Inu and other altcoins have jumped because the news is helping to ameliorate the recent regulatory pain.
Therefore, there is a likelihood that the Floki Inu price will continue rising in the near term. If this happens, the next level to watch will be at $0.00035.
Chancer token sale gains steam
Another important news is that Chancer has managed to raise over $309k in its highly successful token sale. In it, the developers have sold over 30.9 million $CHANCER tokens. In the first stage of the sale, the token is selling for just 0.01 BUSD, which is equivalent to $0.01.
For starters, Chancer is a new company that aims to disrupt the sports betting industry using the blockchain technology. This is a multi-billion dollar company that is used by millions of people every day.
Chancer’s unique proposition is that it introduces the concept of social betting and predictive. It means that people can create their betting markets that are not covered by traditional companies. For example, you can create a predictive market for a local city council election or an award ceremony.
Chancer’s other features are the ability to empower token holders by letting them vote on key issues and create their markets. There will also be a live-streaming feature in the platform.
The $CHANCER token, which is based on the BSC Blockchain, will be used to power the ecosystem. In the future, when it becomes fully decentralized, the token will be used for voting and staking purposes.
Is $CHANCER a good buy?
Investing in pre-sale tokens is always a high-risk and high-reward thing to do. It is high risk since the token can crash to zero when it is launched. It is also highly illiquid in its initial days, meaning that it is difficult to exit.
However, in other situations, investing in pre-sale tokens can lead to substantial profits. We recently saw this in tokens like Pepe and Milady. Therefore, we recommend that you first read the Chancer white paper and then allocate some of your funds to it. You should only invest funds that you are ready to lose.
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Binance launches regulated crypto platform in Kazakhstan
- Binance Kazakhstan was officially announced on June 20, 2023 with government and banking industry representatives present.
- The platform will allow users to buy and sell crypto with fiat, access spot trading, and conversions.
- Despite the local platform’s launch, users in Kazakhstan will still be able to use the global Binance.com.
Binance has unveiled a regulated digital asset platform in Kazakhstan, just days after the crypto behemoth exited the Dutch market.
An announcement on the Binance blog on Wednesday noted that the move into the Central Asia nation comes after the exchange secured a license from the AIFC Financial Services Authority (AFSA).
The exchange secured the approval in October last year, which allowed it to offer crypto custodial services and operate a digital asset platform at the Astana International Financial Center (AIFC).
Binance Kazakhstan to offer custody and trading among other services
The official launch of the Binance Kazakhstan platform was made on June 20, 2023, Binance noted in the blog post. Present during the unveiling were government officials and banking industry representatives from the country. Binance execs of the local digital asset platform were also present.
According to the news release, the new platform will provide several services, including exchange and conversion, fiat deposits and withdrawals, crypto custody, and exchange trading. Binance Kazakhstan supports deposits and withdrawals via bank cards and bank transfer, with these available through the Freedom Finance Bank.
Asset Turysov, Kazakhstan’s Vice Minister of Digital Development, Innovation and Aerospace Industry, said the country was focused on promoting the interaction between second-tier banks, AIFC and crypto exchanges. As such, the National Bank of Kazakhstan, the Financial Monitoring Agency of the Republic of Kazakhstan, and the Agency for Regulation and Development of the Financial Market are all involved in this initiative.
Turysov also lauded Binance’s role in the development of the country’s crypto industry, including the development of a legislative framework for crypto regulation.
Binance was recently sued by the US Securities and Exchanges Commission (SEC) and announced its exit from the Canadian market citing regulatory constraints.
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Fed Chair Powell: ‘we do see payment stablecoins as a form of money’
- Powell testified before the House Financial Services Committee today.
- He discussed a range of topics around digital assets on Wednesday.
- Bitcoin surpassed the $30,000 level today for the first in two months.
Cryptocurrencies seem to have some “staying power” as an asset class, says Jerome Powell – Chair of the U.S. Federal Reserve.
Fed should have a role in crypto legislation
On Wednesday, he also argued that the central bank should have a role to play in the regulatory framework being developed for stablecoins.
We do see payment stablecoins as a form of money. The ultimate source of credibility in money is central bank. We believe it would be appropriate to have a robust federal role.
Chair Powell made these remarks in his testimony before the House Financial Services Committee today.
Interestingly, his statement signalled acceptance of crypto assets even though the SEC has recently filed a lawsuit against both Binance and Coinbase Global Inc.
CBDC is not likely any time soon
Chair Powell confirmed this morning that members of the Federal Reserve have held discussions with lawmakers on crypto legislation.
Leaving us [U.S. Federal Reserve] with a weak role and allowing a lot of private money creation at the state level would be a mistake.
In his testimony, he also said that a central bank digital currency or a “CBDC” is unlikely any time soon. His remarks arrive shortly after the FOMC skipped a rate hike for the first time since March of 2022.
Also on Wednesday, bitcoin surpassed the $30,000 level and technicals suggest it could go further up to $34,000, as per Glassnode – an on-chain data provider (find out more).
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Binance announces zero-fee for TrueUSD (TUSD) trading pairs
- Initially, Binance had announced zero-fee only for BTC-TUSD trading pair.
- Binance has now announced that the zero-fee will apply for all TUSD trading pairs.
- The move comes amid the regulatory backlash the exchange has received from regulatory authorities around the world.
A new zero-fee promotion for TrueUSD (TUSD) trading pairs has been announced by Binance. The tactical move, set to begin on June 30, 2023, is expected to stimulate the dynamics of the cryptocurrency market by opening up its fee-free trading opportunity to a larger audience.
This is an expansion of the prior promotion, which only applied to the Bitcoin (BTC) – TUSD pair, to introduce zero maker fees on all TUSD spot and margin trading pairs. Additionally, the exchange has also extended the BUSD zero-maker fee promotion for an additional six months until the end of 2023, Binance has shown its dedication to making trading more affordable.
TrueUSD market activity and liquidity
The bold move made by Binance is anticipated to have a significant effect. The expansion of TUSD’s fee-free trading and its integration into Binance’s platform is expected to increase market activity and liquidity, creating a more welcoming trading environment for the entire crypto community.
The TUSD token, issued by the cryptocurrency company ArchBlock, formerly known as TrustToken, is currently the fifth-largest dollar-pegged stablecoin on the market.
Binance navigating regulatory handles
Regulatory scrutiny and legal issues have created turbulence for Binance’s aggressive market expansion. Binance and its CEO, Changpeng “CZ” Zhao, have recently been the target of several lawsuits, including ones from the US Securities and Exchange Commission (SEC).
These difficulties have been made even more difficult by the fact that French authorities are looking into the company for possible “aggravated money laundering.” Binance also made the decision to leave the Netherlands after failing to obtain the necessary operating license and also revoked its operating permits in the UK. It has also chosen to cancel its registration with Cyprus’ securities regulator.
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