Monat: Dezember 2023

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Coinbase adds USD transfers for users in Singapore

  • Coinbase says it now supports USD transfers in Singapore.
  • The exchange’s customers can move US dollars to or from their accounts via SWIFT.
  • Support for USD transfers is part of Coinbase’s plans to expand its services in the key Singapore market.

Crypto exchange Coinbase has announced that retail customers in Singapore now have access to US dollar transfers.

The exchange’s users in the country can now deposit or withdraw USD using their Coinbase accounts, the company wrote in a blog announcement, with these available via the SWIFT network.

“We are excited to announce that US dollar transfers are now available for Coinbase users in Singapore. As part of our mission to increase economic freedom in the world, we build products for our users to better access USDC and the broader crypto ecosystem,” Hassan Ahmed, the country director of Singapore at Coinbase, noted.

Support for USD will see Singapore customers access commission-free trading for USD. The move gives customers another option, with Coinbase already offering commission-free trading for the trading of USDC with the Singapore dollar (SGD).

“Now, with the introduction of commission-free trading for US dollars, customers can more easily access USDC – designed to be pegged, and redeemable 1:1, to the US dollar. Customers can also be rewarded up to 5.05% APY on their USDC simply by holding, with no lockups or maximum limit,” Ahmed added.

Coinbase eyes further expansion in Singapore

According to Coinbase, Singapore is a key focus market for its global expansion strategy. Its integration with Singapore’s digital identity platform Singpass helped streamline the crypto exchange’s onboarding process in the Southeast Asia nation.

There are also partnerships with payments provider PayNow, adding it to FAST bank transfers. Meanwhile, the Monetary Authority of Singapore (MAS) granted Coinbase the Major Payment Institution (MPI) licence in October.

Today’s announcement comes just days after Coinbase launched its spot trading markets for non-US institutional customers. The platform also recently unveiled money transfer via WhatsApp, Telegram and other social media platforms.

In the US, the exchange continues to fight for clear crypto regulations, and filed an appeal against the US Security and Exchange Commission (SEC) after the regulator denied its crypto rulemaking petition.

The post Coinbase adds USD transfers for users in Singapore appeared first on CoinJournal.

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Zilliqa faces network disruption, on-chain transactions plunge

  • Technical glitch causes a 50% drop in Zilliqa Network daily transactions.
  • Urgent investigation and resolution underway; deposits/withdrawals halted.
  • Funds deemed SAFU; users advised to wait for network restoration updates.

The Zilliqa blockchain, valued at $383 million, is grappling with a critical situation impacting its network. On December 18, developers reported a technical issue causing an interruption in block production, resulting in a significant drop in on-chain transactions.

This unexpected challenge has prompted the Zilliqa Core Team to address the matter urgently. Here’s an overview of the ongoing situation.

Zilliqa Network on-chain transactions plunge

The technical glitch facing the Zilliqa blockchain has led to a staggering 50% reduction in daily transactions, plummeting from an average of 61,000 to 30,906.

The Zilliqa Core Team is actively investigating the root cause of the technical issue, emphasizing its status as the top priority. A statement from Matt Dyer, Zilliqa’s CEO, reassures the community that the technical team is working diligently to identify and resolve the problem. However, as a precautionary measure, all partners are urged to temporarily halt any deposits or withdrawals on the network until the issue is fully addressed.

The interruption has led to a pause in activity, with the last transaction recorded at approximately 11 am UTC. Despite the inconvenience, developers have highlighted the safety of funds (SAFU) and provided a means for users to check their on-chain wallet balances through the Zilliqa block explorer. 

Users are advised to wait for the network to be restored, assuring that normalcy will return.

The post Zilliqa faces network disruption, on-chain transactions plunge appeared first on CoinJournal.

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Masa partners with Avalanche to launch its zk-data network

  • Masa announced the launch of its zk-Data Network & Marketplace on Monday.
  • The Avalanche subnet will be powered by AvaCloud.
  • Masa has secured strategic investment from Avalanche’s Blizzard Fund.

Masa, a platform building a zero knowledge data network, has announced the launch of its zk-data network and marketplace.  

According to a news release published Monday, Masa will launch the gasless Avalanche subnet in the first quarter of 2024, bringing a customizable blockchain network for personal data to the public.

The subnet will be powered by AvaCloud, a managed blockchain service that allows users to deploy scalable decentralized networks. 

Masa’s quest to enable further adoption across Avalanche will be backed by the Avalanche Foundation as well as via a strategic investment from Blizzard Fund. Blizzard is a venture capital fund dedicated to growth and innovation on the Avalanche blockchain.

“Avalanche is the ideal launchpad for custom blockchains, having launched 14 custom blockchains by games, governments or enterprises. This is the perfect architecture to support our ZK-Data network and marketplace. By deploying on a dedicated Avalanche Subnet, major financial institutions, AI startups, and large-scale consumer tech applications can access secure, scalable, ZK-encrypted user data without paying any gas,” Calanthia Mei, co-founder of Masa, noted in a statement.

On the Masa platform, users get paid for their data, with the Zero-Knowledge Soulbound Token (zkSBT) designed as the personal data locker. This ensures every user’s digital footprint remains encrypted and private. Those looking to tap into this infrastructure pay for it to get access to zkSBT.

The Binance and CoinList incubated project has grown to encompass over 800k users since its unveiling in August 2022. It has secured over $7 million from investors.

The post Masa partners with Avalanche to launch its zk-data network appeared first on CoinJournal.

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Amidst Stagnant Price Movements for Dogecoin and PEPE, Investors Pivot to Rebel Satoshi for Greater Returns

TLDR

  • Rebel Satoshi ($RBLZ) claims the top position among new ICOs, opening the door to a potential 150% profit.

  • Market experts predict that PEPE will rise to $0.0000040.

  • Increased activity in the Dogecoin ecosystem could push DOGE to $0.205 in January 2024.

Pepe coin has experienced a downtrend in recent days despite being in Crypto Dep’s top ten list of projects with the highest social activity. However, Dogecoin may be on the rise following the growing positivity on the network. Meanwhile, investors are leaving Pepe and Dogecoin and turning towards Rebel Satoshi because of its impressive features and offers. 

Let’s explore all the details from these top DeFi projects. 

Experts Expect Community Involvement to Push PEPE Value Upwards

On December 8, Crypto Dep unveiled a list of the top ten cryptocurrencies by their social activity, and Pepe coin was in the top three. This development has caused a buzz in the Pepe coin community. However, the price of PEPE has not been affected positively.

As of December 8, the value of PEPE was $0.0000016, but it dropped to $0.0000014 on December 12, signifying a 12.50% dip. Meanwhile, market experts are positive that Pepe will increase in the coming months due to its innovative features and recent partnerships. Thus, they predict that PEPE will reach $0.0000040 by the first quarter of 2024.

Conversely, other analysts are pessimistic about investing in PEPE because of the recent PEPE market trend. Due to this, they predict that PEPE could dip to $0.0000011 before December 20.

Dogecoin Price Prediction: Latest Update Could Spur DOGE’s Rise

In a report dated December 2, Dogecoin demonstrated favorable price dynamics, driven by increased investor interest. On-chain data indicated buy orders totaling 883 million DOGE, with an average price of $0.840. The positive performance has sparked enthusiasm among bulls, fostering a desire to accumulate DOGE.

On December 2, the value of DOGE was $0.086, but it increased to $0.094 on December 12, signifying a 9.30% rise. Meanwhile, market experts have forecasted a rise for Dogecoin due to its increased community activity. Due to this, they have predicted that DOGE could pump to $0.205 by January 2024.

On the flip side, some market analysts are pessimistic about investing in Dogecoin because of recent discord among the Dogecoin team. Thus, they predict that DOGE could dip to $0.080 by the end of December.

Rebel Satoshi Becomes The Top ICO, Paving the Way for a Potential 38% Profit

Inspired by pioneers like Satoshi Nakamoto, Rebel Satoshi embodies a spirit of defiance against centralized financial systems, advocating for decentralization to promote a more equitable wealth distribution.

While driven by a serious mission, unlike Pepe and Dogecoin, Rebel Satoshi takes a lighthearted approach as a meme coin, engaging users with interactive quests and meme culture. Community members gain recognition in the Rebel Meme Hall of Fame, a platform for sharing rebel-themed memes and fostering humor within the community.

Financially, users can secure substantial staking returns by locking up their $RBLZ tokens, contributing to the platform’s goal of reaching a $100 million market cap. The $RBLZ presale commenced with the Early Bird Round, selling 25 million tokens in three weeks at $0.010. Subsequently, the price of $RBLZ surged by 30%, reaching $0.013 in Rebels Round 1, completed within ten days.

Currently, Rebel Satoshi is 75% into Warriors Round 2 of its presale at $0.018, having raised $500,000. Analysts project that $RBLZ is expected to reach $0.025 by the presale’s conclusion. This suggests that early Rebel Satoshi investors could potentially enjoy a 150% return when $RBLZ officially launches.

Notably, Rebel Satoshi has successfully sold over 55 million $RBLZ tokens, and the escalating demand is expediting the $RBLZ listing date. Additionally, Rebel Satoshi simplifies the investment process by accepting Bitcoin and various altcoins, offering a convenient entry for all participants in the $RBLZ presale.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post Amidst Stagnant Price Movements for Dogecoin and PEPE, Investors Pivot to Rebel Satoshi for Greater Returns appeared first on CoinJournal.

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Solana-based Aurory exploited, 80% of liquidity lost

  • Solana-based Aurory loses 80% liquidity in Camelot’s AURY-USDC pool.
  • SyncSpace bridge hacked; $600k AURY withdrawn and market-sold on Arbitrum.
  • Swift response disables SyncSpace, safeguarding user funds, with ongoing investigations.

In some disturbing crypto news, Aurory, a Solana-based gaming ecosystem, has fallen victim to a significant security breach resulting in an 80% loss of liquidity in its AURY-USDC pool.

The breach targeted the SyncSpace Aurory Bridge on Camelot’s native DEX Arbitrum, prompting a swift response from the project team. Here’s a breakdown of the incident and the measures being taken.

SyncSpace Aurory Bridge hack

The Aurory team detected suspicious activity on its marketplace, leading to the discovery of the exploit in the platform’s buy endpoint. The malicious actor managed to manipulate the SyncSpace Aurory bridge, boosting their $AURY balance and withdrawing approximately 600k tokens to the Arbitrum network. Subsequently, the attacker executed a market sell, liquidating the entire stolen amount.

To contain the breach, SyncSpace has been temporarily disabled for maintenance, freezing asset deposits and withdrawals. Fortunately, no user funds or NFTs are at risk, as the stolen $AURY originated from a team wallet designated for withdrawals by accounts without prior deposits.

The team acted swiftly to absorb sell pressure through their market maker and pool rebalancing, ensuring the exploiter has no remaining tokens to sell. Despite SyncSpace undergoing an audit months ago by a top-tier security firm, the breach raises questions about how this vulnerability eluded detection.

Impact on AURY token

In response to the breach, the AURY token experienced a 17% drop to $1.17, recovering some value later. The team is diligently buying back tokens as investigations proceed.

The incident has fueled discussions within the crypto community about the security of decentralized ecosystems.

The Aurory team assures users that a detailed post-mortem analysis will follow once the fix is complete and investigations conclude. SyncSpace is expected to be back online in the coming days, with plans for an Amber patch announcement and an end-of-year event for Seekers of Tokane.

The post Solana-based Aurory exploited, 80% of liquidity lost appeared first on CoinJournal.