Monat: September 2023

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Petra crypto wallet is integrating Coinbase Pay

  • Petra will add Coinbase Pay to its mobile and desktop applications.
  • It expects the collaboration to help make crypto transactions more seamless.
  • Petra has integrated into more than 160 decentralised applications to date.

Petra – a crypto wallet by Aptos Labs – has decided to integrate Coinbase Pay into its mobile and desktop applications.

What does it mean for the web3 users?

The collaboration, it is convinced, will help make crypto transactions more seamless for the web3 users. According to Mo Shaikh – the Chief Executive of Aptos Labs told TechCrunch today:

In order to grow the web3 ecosystem, everyday activities like financial transactions have to be easier. Consumer adoption does not happen without it. Full stop.

Petra has already integrated into PancakeSwap, LayerZero, Pyth and about 160 other decentralised applications to date. Aptos had previously partnered with Sushi as well to secure access for users to non-EVM chains.

Shares of Coinbase Global Inc ended roughly 4.0% down on Tuesday.

Aptos has recently teamed up with Microsoft as well

Petra adding Coinbase Pay to its applications signals a multichain future, as per Will Robinson – the Vice President of Engineering at Coinbase.

The crypto market news arrives only days after the crypto exchange announced plans of integrating the Lightning Network that aims at setting up Bitcoin as a faster and cheaper mode of global payments (find out more).

In August, Aptos Labs also teamed with Microsoft on artificial intelligence and web3 integration. Working with such big names, it believes, improves user experience, increases appeal, and helps onboard more users.

The startup based out of Palo Alto awarded a grant worth $50,000 to blockchain lab at Cornell University this year.

The post Petra crypto wallet is integrating Coinbase Pay appeared first on CoinJournal.

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Dogelon Mars (ELON) sees spike in network growth- can price follow?

  • Dogelon Mars (ELON) price is up 5% in the past week.
  • The meme token has seen a spike in network activity as increased discussion adds to address growth.

Dogelon Mars (ELON) is one of the many meme coins that have recently seen significant declines, most notably as the broader market struggled with downside pressure earlier this month. This week’s spike in the price of flagship cryptocurrency Bitcoin to above $27k has however coincided with an uptick for most altcoins.

ELON price is one of the gainers in the past 24 hours, rising more than 5% as bulls caught a respite following a multi-week lull.

Dogelon Mars tops in crypto discussion

On-chain data shows interest in the meme coin has spiked amid growing discussions and network growth. The fresh outlook for the doge-inspired token suggests a potential push higher for the BTC and the mega cap altcoins could ignite more hype for ELON.

“Dogelon Mars is the fastest rising asset in #crypto, in terms of discussion rate percentage increase. The token has also been seeing recent spikes in network growth, indicating new addresses are being generated at an increased rate,” Santiment analysts posted on X.

Here’s a chart the market intelligence platform shared showing the spike in discussion and addresses.

What’s the price outlook for ELON?

Data from CoinGecko shows that Dogelon Mars’s daily trading volume is up nearly 40% in the past 24 hours. 

The meme token is however seeing some pressure and is down 1.3% in the past 24 hours as of writing.  This picture is largely similar to the top crypto assets, including Bitcoin, Ethereum, Dogecoin and Shiba Inu.

Although what happens next could depend on broader market conditions, the latest flip in crowd behaviour for ELON suggests a strong breakout is possible. If buyers retake the initiative above $0.00000013, a retest of the recent supply zone at $0.00000015 could encourage bulls. A flip lower could be catastrophic for ELON.

The post Dogelon Mars (ELON) sees spike in network growth- can price follow? appeared first on CoinJournal.

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Japan’s banking giant Nomura launches Bitcoin adoption fund

  • Japan’s financial giant Nomura launches Bitcoin adoption fund
  • The Bitcoin Adoption Fund is offered by Laser Digital Asset Management, a subsidiary of $500 billion Nomura.
  • Laser Digital’s new fund offers long-only exposure to Bitcoin (BTC).

Nomura, a $500 billion Japanese investment banking giant, has launched a new Bitcoin fund for institutional investors.

The new fund is an offering from Laser Digital Asset Management, a subsidiary of the Japanese financial behemoth and will offer institutions access to investment opportunities across the digital assets space.

Fund offers long-term exposure to BTC

Per details in a report by Bitcoin Magazine, the new fund is Laser Digital’s first product in a series of crypto investment solutions lined up for the growing market. Institutional investors will have access to long-only exposure to BTC.

Sebastian Guglietta, the head of Laser Digital, noted that with technology key to the world’s economic growth, the Bitcoin adoption fund will be a crucial transformational agent for investors. According to him, providing investors with a means to gain long-term exposure to the benchmark cryptocurrency ensures they are able to capture the current macro trend.

Laser Digital is headquartered in Switzerland and made one of its big forays into crypto via a strategic investment in Ethereum-based DeFi protocol Infinity. As CoinJournal reported, the investment happened in February this year. The company has also acquired regulatory approval as a virtual asset provider from Dubai’s regulatory agency.

As part of the Bitcoin offering, Laser Digital is collaborating with institutional-focused digital asset custody provider Komainu. The regulated company launched in 2018, founded by Nomura, crypto hardware wallet maker Ledger, and digital assets manager Coinshares.

The post Japan’s banking giant Nomura launches Bitcoin adoption fund appeared first on CoinJournal.

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How AI Trading Could Change the Game

Investment and trading have come a long way in the last few decades. Online trading platforms and options democratized the market and ensured that trading stocks and shares was no longer the sole pursuit of the wealthy. With the advent of the first truly functional AI programs and software, the industry is being disrupted once more.

Proponents of AI based algorithms in trading claim that these programs will minimize risk and maximize rewards. Companies like Immediate Edge are at the forefront of this movement and offer huge amounts of information for those interested (just be sure you check their official website). 

If you just want to know the basics, however, this short guide will tell you what you need to know.

AI-Trading: the Future of Fintech?

AI – or artificial intelligence – may be relatively new, but it’s already shaking up multiple global industries. While professionals in the arts face uncertainty about their future alongside AI, Fintech companies and professionals are lucky. AI can seriously enhance their efforts and platforms.

AI has the ability to gather a huge amount of information incredibly quickly and, as a result, can track market trends more reliably than any human being. What’s more, they can be trained to account for risk factors. As a result, AI-led trading strategies minimize the risk of trading too soon or too late, of missing key risk factors, or generally falling into traps that can be labeled “human error.”

The Pros and Cons of AI-Led Investing

When you think of it like that, using AI in your investing and trading strategy can seem like the perfect solution. It’s not, however – AI programs are still young and even companies like Immediate Edge, ostensibly champions for AI, state that there are still improvements to be made.

So, what are the pros and cons for those interested in using AI trading?

Pros 

  • Huge data gathering and analysis capabilities
  • Ability to assess risks and rewards accurately and without emotion
  • Increased accuracy compared to human strategizing
  • Automated decision-making, allowing for quick and precise trades

Cons

  • AI is only as reliable as the data it is given
  • Lack of emotional bias includes ethical concerns
  • Inflexible; AI must work within its set parameters

There is also the matter of jobs. Many people are concerned about AI being put in place to replace human work in some cases. At the moment, however, AI is not advanced enough to take on more than simple, formulaic tasks within set parameters. Nonetheless, many people have ethical qualms about this.

In the end, the most important thing to keep in mind is that no form of trading comes entirely without risk. Take steps to inform yourself and safeguard your financial wellbeing. Only trade with what you can afford to lose and you’ll never find yourself in crisis if the market becomes volatile. 

 

The post How AI Trading Could Change the Game appeared first on CoinJournal.

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Jasmy Coin price descending triangle points to more downside

  • Jasmy price has formed a descending triangle pattern on the daily chart.

  • Focus now shifts to the upcoming Federal Reserve interest rate decision.

Jasmy coin price has moved sideways in the past few days even as other cryptocurrencies have bounded back. The coin was trading at $0.0035 on Tuesday, where it has been in the past few months. This price is a few points above this month’s low of $0.0030.

Federal Reserve decision ahead

Jasmy Coin is a small but highly popular cryptocurrency that is best known for its Japanese roots. Started by former Sony executives, the coin is regarded as Japan’s version of Bitcoin.

But unlike BTC, Jasmy has a deeper role in the blockchain industry. According to the developers, the platform is used in the data privacy industry. It is also used in the Internet of Things (IoT) industry.

Jasmy’s goal is to ensure that people can store and secure their data in a safe and secure manner. It is also used to safely and securely manage and control devices. Most importantly, Jasmy helps companies to secure their data.

Jasmy coin tends to track the price of Bitcoin. As such, the key important event to watch this week will be the upcoming interest rate decision by the Federal Reserve. Most economists believe that the Fed will leave interest rates unchanged at 0.25%, as I wrote here. 

The bank will also have a hawkish tone since the country’s inflation remains at an elevated level. Data released by the Bureau of Labor Statistics (BLS) revealed that the headline consumer inflation rose to 3.7% in September. A hawkish Fed will likely lead to more downside for Jasmy and other cryptocurrencies.

Jasmy Coin price prediction

The daily chart shows that the Jasmy token has been in a bearish trend in the past few months. The coin has formed a descending trendline shown in orange. This line connects the highest swings since May this year. 

Most importantly, Jasmy has formed a descending triangle pattern. In price action analysis, this pattern is one of the most popular bearish signs. It has also dropped below the 50-day and 25-day moving averages.

Therefore, Jasmy price will likely have a bearish breakout as sellers target the key support at $0.0030. A break below that support will likely lead to more sell-offs as sellers target the key support at $0.0025.

How to buy Jasmy

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy JASMY with Coinbase today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy JASMY with Bitfinex today

The post Jasmy Coin price descending triangle points to more downside appeared first on CoinJournal.