Monat: Dezember 2023

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CoinMENA FZE secures VASP License for VA broker-dealer services in Dubai

  • Following the VASP license, CoinMENA FZE can now operate operations and services in and from the Emirate.
  • CoinMENA focuses on reducing fiat-to-crypto transaction costs.
  • CoinMENA FZE has joined the growing list of Virtual Asset Service Providers actively contributing to Dubai’s evolving crypto ecosystem.

CoinMENA FZE, a subsidiary of CoinMENA B.S.C (c), has secured a Virtual Asset Service Provider (VASP) license for Virtual Asset Broker-Dealer services from Dubai’s Virtual Assets Regulatory Authority (VARA).

This development positions CoinMENA FZE to expand its operations in Dubai, offering a range of services to clients in the United Arab Emirates (UAE).

CoinMENA’s Dubai debut

In a joint statement, CoinMENA’s co-founders, Dina Sam’an and Talal Tabbaa, highlighted the crucial role of regulatory clarity provided by VARA in positioning Dubai as a global hub for crypto and digital asset financial services. The licensing from VARA enables CoinMENA FZE to operate and offer services from its Dubai Head Office, utilizing local banking services for seamless transactions.

The co-founders emphasized the strategic importance of building strong relationships with local regulators, citing this as a priority since the inception of CoinMENA. With the VASP license, CoinMENA FZE aims to better serve both institutional and retail users in Dubai while simultaneously reducing fiat-to-crypto transaction costs.

Dubai’s crypto innovation hub

Dubai, at the forefront of crypto growth and innovation, has been actively launching initiatives to foster the adoption of digital assets in the region. CoinMENA FZE, now armed with the VARA license, stands poised to contribute to Dubai’s vision as a global crypto hub. Collaborating with VARA, the company aims to support the borderless economy and further integrate digital assets into the financial landscape.

CoinMENA B.S.C (c), headquartered in Bahrain, holds a category-3 crypto asset service provider license from the Central Bank of Bahrain (CBB). The company seeks to empower investors in the MENA region by providing a secure and accessible platform for participating in the digital economy.

This development follows Dubai’s commitment to creating an advanced legal framework, with VARA playing a central role in regulating and overseeing Virtual Assets and Activities across the Emirate, excluding the Dubai International Financial Centre. 

Some of the other crypto entities that have received regulatory clearance from the VARA include OKX, which received its license in July 2022 and GC Exchange FZE (GCEX) which was licensed in November 2023.

The post CoinMENA FZE secures VASP License for VA broker-dealer services in Dubai appeared first on CoinJournal.

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LFi and Luiz Góes: Pioneering a New Era in Fintech

Luiz Góes, the CEO of fintech firm LFi shares his vision for LFi Chain, a layer 2 solution on Ethereum. With LFi Chain set to launch in mid-2024, here’s an overview of its ecosystem and tokenomics, including LFi, cLFi and vLFi.

Visionary Leadership: Luiz Góes at the Forefront of LFi

Innovating for a Decentralized Future:

Under the leadership of Luiz Góes, LFi (www.lfi.io) has embarked on a journey to redefine the blockchain and fintech realms. Góes, a seasoned executive with a rich background in business management and fintech, founded LGbank in 2020. His visionary approach focuses on leveraging tokenization through crowdfunding, marking him as a pioneer in the financial technology sector.

Driving Strategic Fintech Initiatives:

Góes’ expertise extends to steering fintech operations and digital business consultancies. His approach to developing and designing business tokenization projects emphasizes project implementation and profit sharing based on innovative crowdfunding models. His advisory role in altcoin and token projects reflects his depth of understanding and strategic acumen in the crypto landscape.

LFi’s Strategic Vision Under Góes’ Leadership

Empowering Financial Independence:

Góes envisions LFi as a platform that democratizes finance, enabling individuals to achieve financial independence and contribute actively to wealth creation. This vision transcends traditional financial models, aiming to create a fair and inclusive financial ecosystem.

Ensuring User-Centric Design and Security:

With Góes at the helm, LFi prioritizes user experience and security. Recognizing the importance of accessibility for widespread cryptocurrency adoption, LFi is committed to providing a seamless and intuitive user interface, making blockchain technology accessible to everyone, irrespective of their technical expertise.

LFi’s Comprehensive Ecosystem

The Advent of LFi Chain:

Set for launch in mid-2024, the LFi Chain is a Layer 2 solution on Ethereum envisioned by Góes to enhance transaction efficiency and promote decentralization. This initiative reflects Góes’ commitment to a secure, proprietary blockchain technology that serves a versatile ecosystem.

Revolutionizing Access with Blockchain ID:

Blockchain ID represents LFi’s dedication to social inclusion, providing a secure gateway for users to manage their digital identity. This initiative aligns with Góes’ vision for a blockchain environment that is not only secure but also user-friendly and accessible to the general public.

The Tokenomics of LFi: A Three-Pronged Approach

LFi Token: The Driving Force of the Ecosystem:

The LFi token is integral to the ecosystem’s functioning, facilitating transactions and providing access to a range of benefits and services, thereby reinforcing the ecosystem’s vitality.

cLFi Token: The Cornerstone of Minting:

Crucial for starting the minting process, cLFi tokens play a pivotal role in activating NFT Unit licenses, enabling users to partake in the minting activities within the LFi ecosystem.

vLFi Token: Empowering Governance and Participation:

The vLFi token exemplifies commitment and active participation in governance. Holding these tokens qualifies users for ecosystem rewards and benefits, enhancing their engagement and influence within the LFi community.

Góes’ Perspective on LFi’s Future and Its Role in Fintech

Championing a Decentralized Economic Model:

Góes sees LFi shaping a future where financial systems are decentralized, sustainable, and equitable. His vision includes creating an ecosystem where every individual, regardless of geographic location or financial status, can participate actively in the global economy.

LFi as a Key Player in DeFi’s Growth:

Góes envisions LFi becoming a significant player in the DeFi space by the end of 2024. With its comprehensive range of financial services and a focus on user empowerment, LFi is poised to offer a complete DeFi solution, making it a frontrunner in the industry.

Engage with LFi and Be Part of the Fintech Revolution

Join the LFi Movement:

Become a part of LFi’s community and engage with a platform that’s reshaping the fintech world. Follow LFi on social media and Telegram to stay updated with the latest developments and join the conversation. Explore LFi’s innovative products and solutions on LFi.io.

The post LFi and Luiz Góes: Pioneering a New Era in Fintech appeared first on CoinJournal.

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Avalanche, Cardano lead altcoin gains as Memeinator presale approaches $2M

  • Avalanche and Cardano have gained by double digits in a week as network activity grows.

  • Memeinator could benefit from investment inflows into risky assets.

  • The use case and roadmap make Memeinator attractive.

With a gain of more than 37% over the past week, Avalanche is the strongest altcoin among its top peers. Cardano, another altcoin to see an increase in bullish inflows, is up 30% in the same period. The gains highlight a potential recovery in altcoins following recent bullish runs in Bitcoins. However, it is a sign of increased appetite for risky assets that boosts sentiment for the rest of the sector. Memeinator has also witnessed demand, as investors acquire over $1.93 million worth of tokens in presale.

Avalanche and Cardano gains positive for Memeinator

It might feel that the gains in Avalanche and Cardano are following the price of Bitcoin. However, analysts believe Avalanche price was already undervalued before the latest recoveries. Henrik Andersson, the chief investment officer at Apollo Crypto, is optimistic of Avalanche. The analyst says the wider market has undervalued Avalanche for a while. He noted that Avalanche has recorded greater TVLs than most of its peers, yet its market cap has remained low.

A quick check of Avalanche’s network activity shows a major improvement. The network’s total value locked (TVL) has increased from $490M in the past three months to $841M. Similarly, Avalanche’s total trading volume has increased by more than 2,400% in the same period. 

Fellow top gainer Cardano has also witnessed increased network activity. DeFiLlama data shows Cardno’s TV has increased from $381.15 million, an increase of over 37% in a week. Such inflows are price triggers as they signal investor interest that boosts the native tokens.

The return of crypto activity allows new projects like Memeinator to take off as the risk-on mood develops. Memeinator is likely to continue enjoying an initial presale demand and carry it after listing on exchanges.

Understanding Memeinator

Memeinator is an upcoming meme project and is set to debut on exchanges in 2024. The token was launched through a presale and occurs in 29 stages, each marked with price increases. By the time the presale ends, the value of the token will have risen by 132%. But what exactly is Memeinator?

Memeinator is a futuristic and AI-led project that claims to have travelled back from 2077. Its mission is to capture and destroy weak meme cryptocurrencies. The goal is informed by the rapid growth in subpar meme tokens that do not give investors value. As such, Memeinator will deploy the AI to scan for targets and destroy them from existence.

Besides, Memeinator will invest in robust marketing and branding to maintain relevance. The branding includes listing on the best exchanges and partnering with influencers to market the project. The aim is to ensure everyone is talking about Memeinator, helping it become popular. With this roadmap, Memeinator targets up to $1 billion market cap and being the most traded meme token. 

Is Memeinator a good investment?

When it comes to meme investments, very few projects make a cut. Most projects are launched on hearsay and carry little fundamentals. That has made many projects unsustainable, while several others have collapsed. Memeinator gives investors a new perspective: an ambitious roadmap-backed by use cases. As such, Memeinator has utilities in gaming, NFT, and staking.

Memeinator also has a team driving the project’s vision with clear objectives. The project is also backed by a community of investors that joined from the time the web page went live. More investors join through presale as the amount raised approaches $2 million. Therefore, Memeinator could be a valuable investment that will likely grow and surpass its peers.

The unique value proposition of meme targeting also makes Memeinator a potential winner in the meme wars. The use case could attract interest in the project and help in the price discovery of Memeinator. Predictably, the token could see up to 50x gains, following the trends set by its meme peers.

The post Avalanche, Cardano lead altcoin gains as Memeinator presale approaches $2M appeared first on CoinJournal.

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Dogecoin slips below $0.1: Will the market correction persist throughout December?

Key takeaways

  • Dogecoin has lost 10% of its value in the last seven days and has dropped below $1.

  • Memeinator’s presale is now approaching the $2 million milestone. 

The broader crypto market has been underperforming this week, with Dogecoin’s price slipping below the one-cent mark. However, Memeinator’s presale hasn’t slowed and is now approaching the $2 million milestone. 

DOGE could record further losses as market correction continues

DOGE, the native coin of the Dogecoin ecosystem, has been underperforming in recent days. It has lost 10% of its value over the last seven days and has dropped below $0.10. At press time, the price of Dogecoin stands at $0.09193, down by 5% in the last 24 hours.

The poor performance is also affecting other leading meme coins including Shiba Inu and PEPE. However, the Memeinator presale continues smoothly and is close to hitting a new milestone. 

What is Memeinator?

With Dogecoin and other major cryptocurrencies underperforming this week, it is clear that the crypto market is undergoing a correction. However, investors continue to search for new and worthy projects and Memeinator is a project to keep an eye on.

Memeinator is a Web3 project that will launch as a meme token and provide various utilities to its users. According to their whitepaper, the project will focus on eliminating worthless memes and improving content creation for users. 

As a project that seeks to reach a $1 billion market cap, Memeinator will leverage AI technology and blockchain to identify worthless memes, allowing investors to know them and avoid them. Memeinator would reach its billion-dollar market cap by ensuring that its token and products gain massive adoption. 

The Memeinator presale is currently in its eighth stage and the team has raised more than $1.9 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early investors an amazing 132% ROI at listing.

The team also revealed that they will launch a Memeinator game at the presale’s conclusion. The Memeinator game will allow players to eliminate enemy memes to win some exciting prizes. 

Why is the Memeinator presale growing so fast?

Memeinator continues to generate buzz amongst investors thanks to the value it intends to provide to users. With the right level of adoption, Memeinator would be used by degens, crypto natives, speculators, and content creators. Thus, giving it the opportunity to become a hit in the market. 

The Memeinator platform will use AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. The developers believe that Memeinator will help in uplifting meme culture and quality.

Furthermore, according to the whitepaper, holders and MMTR users will be incentivized. The MMTR token has some excellent features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Click here to read more about the Memeinator presale.

Is the Memeinator a good buy? 

Memeinator has raised nearly $2 million since the presale launched a few weeks ago. It is an exciting project that would see users leverage AI technology to provide excellent value to investors in the medium and long term.

With a vision to become a billion-dollar market cap project, early Memeinator investors would record huge profits once the token achieves this status. The right level of adoption could see Memeinator become one of the leading meme coins in the crypto market. 

The post Dogecoin slips below $0.1: Will the market correction persist throughout December? appeared first on CoinJournal.

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Shiba Memu’s presale eyes the $5M mark: Is the memecoin a good buy at the moment?

Key takeaways

  • The crypto market has underperformed this week but Shiba Memu’s presale is closing in on a new milestone.

  • The presale is close to raising $5 million to allow the developers to work on their products.

The cryptocurrency market is experiencing a correction this week, with prices of most coins and tokens down by more than 5%. However, that hasn’t halted the Shiba Memu presale as it continues to reach new heights.

Bitcoin slips below $41k 

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. It lost more than 6% of its value this week and temporarily dropped below the $41k region. At press time, the price of Bitcoin stands at $41,118 per coin.

The market is undergoing a correction and market analysts believe that it could recover soon. The dips are considered as buying opportunities for traders. For investors looking to enter the market, tokens in presale are an excellent way to do so and Shiba Memu is one of the leading meme project presale currently available. 

What is Shiba Memu?

Shiba Memu is a new meme coin project that is gaining traction amongst investors. The interest comes as meme coins like Dogecoin, Shiba Inu, and PEPE continue to dominate the market.

The Shiba Memu presale has surpassed $4.7 million and is now eyeing the $5 million milestone as more investors continue to pour in. 

The project intends to help individuals and organisations handle marketing campaigns. According to their whitepaper, the Shiba Memu platform will leverage blockchain and AI to offer marketing services to users.

By using AI and blockchain technology, Shiba Memu is working to become a powerful marketing tool for users. With this platform, users can carry out a wide range of marketing activities. 

The use of AI would also Shiba Memu to operate 24/7. It would also identify ideal creative scenarios and come up with high-end marketing campaigns for users. 

Per the team, it intends to take full advantage of the hype around meme tokens. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $35 billion in 2023. 

However, Shiba Memu intends to be a different meme token as it would offer real-world utility to users. Its AI technology will help users develop their marketing strategies, write their PRs, and promote their services and products on relevant forums and various social media platforms. 

Shiba Memu will only be available to users on the BNBChain and Ethereum blockchains. 

Shiba Memu’s presale surpasses eyes $5 million

Despite the market’s poor start to the week, Shiba Memu’s presale continues to move forward significantly. The project has raised over $4.7 million so far. At this rate, the Shiba Memu presale will hit the $5 million mark. 

Most of the funds raised during the presale would be channelled towards the development of the Shiba Memu AI technology. 

The team will use the funds to develop its AI technology and a suite of other products. 

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

Should you buy more SHMU tokens?

SHMU token could become one of the leading meme tokens once it gets listed on cryptocurrency exchanges. Shiba Memu is an excellent project with real-world use cases. 

If you already hold SHMU tokens, you can purchase more as the project could be a big winner in the market over the next few months and years. The token could gain massive adoption over the coming months or years, and that could see its price soar higher. 

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