Monat: Juli 2023

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Bitget Token (BGB) surges as MEXC announces listing

  • Bitget will list MX Token (MX) while MEXC will add Bitget Token (BGB).
  • Both listings will be on July 31, with trading pairs BGB/USDT and MX/USDT.

Bitget Token (BGB), the utility token of crypto exchange Bitget, will be listed on MEXC Global on July 31, the exchanges announced on Friday.

MEXC will list the Bitget token in the Innovation Zone and has opened deposits for BGB. Initial supported pair will be BGB/USDT, with trading set for Monday, July 31 at 10:00 UTC. Withdrawals will be available from August 1, 2023 at 10:00 UTC, the exchange noted

As MEXC lists BGB, Bitget will also be adding trading support for MX Token (MX), the native utility token of the MEXC Global exchange. The simultaneous listing will go live on July 31, with MX/USDT added to the Platform Token Zone.

BGB price jumped more than 4% following the listing news, with the utility token’s value reaching an intraday high of $0.46. This isn’t far from the all-time high for BGB/USD, which was $0.51 reached in February this year.

Bitget launched an updated version of its token in July 2021. It is used as a form of payment in the exchange platform’s ecosystem, and can be staked or for discounts on trading fees.

The post Bitget Token (BGB) surges as MEXC announces listing appeared first on CoinJournal.

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France’s privacy watchdog questions Worldcoin’s data collection

  • France’s privacy watchdog reportedly questions Worldcoin’s biometric data collection.
  • Worldcoin, created by OpenAI CEO Sam Altman, launched on Monday.
  • Users have to scan their irises to get a World ID and crypto token WLD.

IIn latest crypto news, France’s privacy watchdog is reportedly examining legal issues around recently launched Worldcoin (WLD), particularly its biometric data collection.

According to a Reuters report on July 28, the Commission nationale de l’informatique et des libertés (CNIL), had indicated it has questions over Worldcoin’s requirements that include users scan their irises using an orb.

The CNIL has said it opened investigations after Worldcoin collected data from users in France, per details published in the Reuters report.

Worldcoin offers access to a digital ID and free cryptocurrency (in countries where regulation allows) to people who sign up to a “proof of personhood.” Data shows the project created by OpenAI CEO Sam Altman has seen increased sign ups since its launch on Monday.

The project says one unique person is scanning their eyeballs for the World ID every 7.6 seconds.

France’s action comes days after the UK’s The Information Commissioner’s Office also announced it was looking into Worldcoin.

The post France’s privacy watchdog questions Worldcoin’s data collection appeared first on CoinJournal.

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Shiba Memu price prediction as presale hits over $1.2 million in a month

Key takeaways

  • Shiba Memu’s presale has generated more than $1.2 million in its first month.

  • SHMU’s price is increased daily, with the presale set to last for eight weeks. 

The cryptocurrency market has underperformed this week. Bitcoin has lost more than 2% of its value in the last seven days and is now trading below $30k. At press time, the price of Bitcoin stands at $29,212.

Despite the market’s poor performance, Shiba Memu’s presale has hit a new milestone. The presale has surpassed the $1 million mark in the first month of its presale. 

What is Shiba Memu?

AI has become the rage in the world now. Following the launch of ChatGPT earlier this year, we have seen a number of AI solutions crop up to solve numerous problems within society.

Shiba Memu is a project that is taking advantage of AI and blockchain technology to make it easier for people to create content and market their services. 

According to their whitepaper, Shiba Memu is designed to handle the task of 100 marketing agencies. The Shiba Memu machine is always active and is working 24/7 to find the best work going on in creative advertising, consuming it and generating better content marketing. 

Shiba Memu is launching a meme token thanks to the explosive growth recorded by meme coins in recent years. In 2020, meme coins were practically unknown in the crypto ecosystem but grew to a market cap of over $20 billion within two years. 

However, Shiba Memu could be better than most of the meme coins currently available in the crypto market, thanks to its utility. The team explained that Shiba Memu has self-sufficient marketing capabilities powered by AI technology, making it a unique and attractive investment.

With Shiba Memu, users have a powerful AI that can create its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks. Currently, Shiba Memu is available on the Ethereum and BNBChain blockchains. 

Shiba Memu’s presale tops $1.2M

Shiba Memu is becoming quite popular amongst cryptocurrency investors despite the recent bearish sentiment in the market. 

The presale has been on for less than a month, and the team has raised $1.2 million so far. The development team will use the funds to develop some of its products. 

Most of the funds generated from the presale would be used to develop Shiba Memu’s AI technology. With the Shiba Memu AI technology, the platform can engage with users directly.

The development team added that the platform would have a robotastic dashboard to interact with the AI, provide feedback, make suggestions, and ask questions. 

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

It is hard to accurately predict Shiba Memu’s price as the token is still in its presale phase. Currently, 1 SHMU = 0.016300 USDT. 

The team revealed that the Shiba Memu price increases every day at 6 pm GMT. In a few hours, the token will go for 0.016525 USDT. 

SHMU began trading at $0.011125 when the presale began and will trade at $0.0244 when the presale ends. Users can purchase the SHMU token using Ethereum, USDT, BNB and BUSD

Should you invest in Shiba Memu now?

If you are interested in the project, then it is not too late to invest in Shiba Memu. the project’s utility could make it one of the leading meme coins in the world. 

By combing AI and blockchain technology to ease marketing strategies for companies and organisations, Shiba Memu could gain massive adoption in the coming months and years. 

If the project gets the necessary adoption, SHMU, the native token of the Shiba Memu ecosystem, could record massive gains in the medium to long term.

Furthermore, if the broader crypto market enters a bullish cycle, SHMU could emerge as one of the biggest winners. Bitcoin and other major cryptocurrencies are up by more than 40% year-to-date. 

If the market fundamentals improve over the next few months, SHMU could record excellent growth once it starts trading on cryptocurrency exchanges.

The post Shiba Memu price prediction as presale hits over $1.2 million in a month appeared first on CoinJournal.

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Crypto.com gets registration clearance from the Dutch Central Bank

  • Crypto.com has earned approvals from seven other regulatory bodies in the recent past.
  • The exchange’s approval in the Netherlands comes weeks after Binance withdrew its license application.
  • Crypto.com seems to be beating its main competitor Binance in regulatory approvals around the world.

The well-known cryptocurrency exchange Crypto.com has made history by obtaining authorization for registration from the Dutch Central Bank (DNB) to provide its services in the Netherlands.

Following careful adherence to the nation’s Money Laundering and Terrorist Financing (Prevention) Act, Crypto.com received the DNB’s approval, demonstrating the exchange’s commitment to upholding strict regulatory requirements.

This accomplishment, according to CEO Kris Marszalek, is a turning point for the company’s service and demonstrates the exchange’s commitment to cooperating closely with regulators to advance the industry responsibly.

Crypto.com regulatory approvals around the world

The latest endorsement for Crypto.com by the Dutch regulatory body adds to a long list of worldwide endorsements. The Monetary Authority of Singapore, as previously reported here, and the UK’s Financial Conduct Authority, as previously reported here, are among seven other regulatory bodies that have already approved the exchange.

The exchange has improved its standing as a trustworthy player in the cryptocurrency industry thanks to its outstanding success in navigating challenging regulatory environments and obtaining required certifications. Notably, Crypto.com recently acquired a regulatory licence in Spain, underscoring its unwavering commitment to upholding legal requirements.

Looking ahead, Crypto.com wants to strengthen its relationships with EU authorities in anticipation of the Markets in Crypto-Assets (MiCA) regulations that will change how EU countries deal with the cryptocurrency industry. By taking a proactive stance, Crypto.com is positioned to play a significant role in influencing the European crypto industry’s future.

Crypto.com in the Netherlands

With each new regulatory approval, Crypto.com cements its position as a leading and trusted cryptocurrency exchange, bolstering investor confidence and opening up exciting possibilities for further expansion. As the crypto market continues to evolve, the exchange’s dedication to compliance stands as a beacon of reliability, attracting both seasoned and novice investors.

Crypto.com’s clearance by the Dutch Central Bank underscores the exchange’s exceptional commitment to compliance and responsible practices. The company’s growing list of approvals from various global regulatory bodies positions Crypto.com at the forefront of the crypto industry’s transformation.

The post Crypto.com gets registration clearance from the Dutch Central Bank appeared first on CoinJournal.