Monat: September 2023

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Japan eases regulations on startup financing to allow for crypto

  • Japan eyes support for crypto startups in new regulation on startup financing.
  • According to reports, the new rules means startups can raise funds from investors by offering stocks and crypto.

Japan is looking to relax restrictions on how startups raise funds with a view to revamping the sector amid growth in venture capital funding.

According to a report from local outlet Nikkei, the government plans to have startups access financing from VCs by offering crypto. As such, the new regulation will allow investors to receive traditional stocks as well as crypto when extending funding to startups.

Blockchain reporter Colin Wu shared the news via X.

The country’s regulatory approach will however apply to funds that invest in limited partnerships (LPs), the report stated. Japan’s growing support for crypto comes as several countries look to boost the investment space to accommodate a burgeoning crypto sector.

But regulators have in recent months also stepped up their crackdown on compliance, including the enforcement of the Travel Rule that mandates the sharing of customer transaction details between crypto exchanges. The rules are aimed at bolstering the fight against potential money laundering.

Japanese-based crypto exchange bitFlyer announced the implementation of the travel rule in May this year.

The post Japan eases regulations on startup financing to allow for crypto appeared first on CoinJournal.

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Shiba Memu: Why new meme cryptocurrency has won the hearts of investors?

  • Shiba Memu’s presale has raised over $2.85 million in its presale on solid demand.

  • The price of the tokens in presale increases every day at 6 PM GMT

  • Shiba Memu could rise 50x, reinforced by its popularity and meme token trends

Buying meme cryptocurrencies might not be the right decision as crypto winter rages on. Leading meme names like Dogecoin and Shiba Inu continue to suffer in a bottomless drop. The bear market situation prompts investors to seek alternative tokens with the potential to explode. The entry of Shiba Memu (SHMU) into the scene has generated enthusiasm for meme investment. Since the presale started, investors have bought over $2.85 million of the tokens. To buy the token, investors can visit the project’s website. 

Why investors are interested in Shiba Memu

Investment in Shiba Memu is partly attributed to its potential sustainability. It is the world’s first meme project to apply artificial intelligence. The AI generates hype, which puts Shiba Memu in the limelight.

Unlike its meme peers, Shiba Memu will market itself on online forums, generating hype for itself. As you may be aware, meme cryptocurrencies’ prices are moved by online publicity. The self-marketing concept allows Shiba Memu to be a potential big price mover. This capability puts Shiba Memu ahead of rivals, which rely on humans to gain and maintain relevance.

Investors could also be looking at the price potential of Shiba Memu. Early birds in presale have already tasted the price potential with Shiba Memu’s tokenomics. At the onset of the presale, the token was valued at $0.011125 but now goes for $0.027325. The price increases every day at 6 PM GMT in the presale

Alongside the price increases at presale, the potential for Shiba Memu is enormous, given its market space. In the past, meme cryptocurrencies have exploded in value after listing. Shiba Memu looks at a similar potential, given the love meme tokens attract in the sector. As the bear crypto sector lingers on, investors could look at Shiba Memu as the fresh kid in the market. This could inspire a rally for the token.

Shiba Memu’s social features could also attract investors. The project features an AI dashboard where users can build meaningful conversations with the robot. They can ask the AI questions, share suggestions, and learn new things in creative advertising. 

How much can the Shiba Memu token rise?

Predicting the exact increases in the value of Shiba Memu could be subjective. However, projections can be made based on the token’s demand. The potential is indicated by the increasing number of investors buying the token. 

While launching tokens have risen by up to 10x, Shiba Memu can surprise the markets. Analysts have earmarked up to 50 times increase, reflecting past price surges in meme cryptocurrencies. 

Also, the token’s value could be unlocked from novel use cases. The Shiba Memu pool will let users earn fees by generating liquidity through a decentralised exchange. Similarly, the tokens can be staked in a smart contract or staking pol for additional rewards.

In the future, Shiba Memu could be unstoppable. AI can find use cases in diverse areas, benefiting Shiba Memu. This means the token’s value could overcome the frequent dumps that face meme cryptocurrencies. 

Is Shiba Memu worth buying now?

Shiba Memu’s roadmap provides for the token listing in Q3 2024. After listing, the token could witness increased buying, allowing it to explode in value. However, prudential investment involves buying an asset when the price is low.

Investing in Shiba Memu’s presale makes sense, as the token’s price is still low. By the time the token’s price starts to rise, presale investors will reap the benefits. Also, investing now is advantageous as investors get tokens worth more when the presale ends.

The post Shiba Memu: Why new meme cryptocurrency has won the hearts of investors? appeared first on CoinJournal.

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Analyst on Solana: Could be “sell the rumor, buy the news” for SOL

  • Solana is one of the cryptocurrencies to struggle the most in the market since FTX imploded in 2022.
  • FTX liquidators have approval to liquidate $3.4 billion worth of crypto assets.
  • The collapsed exchange holds $1.2 billion in SOL, Solana’s native token.

The native Solana token SOL, which makes up a significant percentage of the bankrupt crypto platform FTX’s portfolio of assets, has found it difficult to break higher since the sharp decline registered from above $36 in November last year.

With volatility largely on the downside for most assets, the last few days had sentiment for SOL mostly negative. However, a top crypto analyst says SOL could be primed for a “sell the rumour, buy the news” outlook.  

SOL price and FTX liquidation

Solana is trading around $19.10 on Friday morning, up 1.5% in the past 24 hours. The slight gains come in a week where collapsed crypto exchange FTX received the court’s go ahead to liquidate $3.4 billion worth of crypto assets as part of its claims plan.

FTX holds $1.2 billion of SOL, but most of that is staked/locked up as per various contracts. Only a fraction will be released monthly, suggesting little impact on price as markets have largely priced in this scenario.

In his comment on the price of Solana after FTX received the court’s nod, Michael van de Poppe said:

“The Solana, which corresponds to $1.2 billion of the assets of FTX, is mostly staked and can’t be sold. Now, what’s next?

First of all, FTX can sell up to $200m of assets on a weekly basis for their corresponding clients so the liabilities could be erased. This can add some additional sell pressure on the markets, but that’s probably already priced in. The major fact is that we should be seeing a case of Solana being sold off massively, but as an anticipation, Solana was already sold off entirely in the past week and could result into a ‘sell the rumour, buy the news’ type of thing.”

The analyst notes that most of the SOL that FTX holds cannot be sold and that of the amount that could hit the market, it’s “mostly sold already.”

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