Monat: Dezember 2023

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Coinbase unveils global, instant money transfers via popular messaging and social platforms

  • Coinbase will allow users to send money globally via popular messaging apps like WhatsApp, iMessage, and Telegram.
  • The transactions are instant and free, breaking down geographical barriers.
  • To facilitate these transfers, both the sender and receiver need the Coinbase Wallet.

Cryptocurrency exchange giant Coinbase yesterday rolled out a groundbreaking service, allowing users to send money globally through well-known messaging and social media platforms.

The move aims to provide greater utility to its digital wallet and attract new users amidst a thriving crypto market.

Global money transfers using messaging apps

Coinbase now enables customers to send money globally through widely used messaging apps such as WhatsApp, iMessage, and Telegram. This move allows for seamless transactions, breaking down geographical barriers.

Users can send money to recipients in different countries, and the settlement of transfers is both instant and free of charge.

Coinbase emphasizes the simplicity of the process, stating that all that’s needed is the Coinbase Wallet, which is available for download on both Apple and Android app stores. If the receiver lacks the Coinbase Wallet, they will be prompted to download it, ensuring a smooth experience for both parties involved.

Coinbase’s growth amidst crypto boom

The introduction of this new service aligns with Coinbase’s efforts to make cryptocurrency transactions more accessible and attractive. As cryptocurrency prices, especially Bitcoin, surge, Coinbase’s share price has reflected this positive momentum, witnessing a remarkable 290% increase this year. The company’s shares, currently trading above $141, showcase its resilience and growth.

Coinbase’s success is also attributed to a reduced regulatory burden, with fewer battles against entities like the Securities and Exchange Commission. Additionally, traditional finance players like BlackRock express interest in a spot Bitcoin ETF, signalling the growing institutional acceptance of cryptocurrencies.

This strategic move positions Coinbase as a key player in the evolving landscape of digital finance, providing users with a convenient and efficient means of transferring money globally through familiar communication channels.

The post Coinbase unveils global, instant money transfers via popular messaging and social platforms appeared first on CoinJournal.

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Terra founder Do Kwon appeals against extradition to South Korea and the US

  • Do Kwon appeals his extradition decision.
  • Kwon’s legal battle began on June 15 with a six-month detention for extradition.
  • The High Court recently approved requests from South Korea and the United States.

In some breaking crypto news, Terraform Labs co-founder, Do Kwon, has officially lodged an appeal against the recent extradition decision by the Montenegrin High Court.

This move introduces a new layer of uncertainty into the resolution timeline, challenging the Montenegrin Ministry of Justice to make a final decision before the looming deadline of December 15.

Do Kwon legal battle

On December 6, the Montenegrin Court of Appeal confirmed that Do Kwon submitted an appeal, expressing his refusal to accept the court’s decision to extradite him, as reported by local media. This appeal triggers a mandatory reexamination of the extradition ruling, placing the resolution timeline in question.

The legal saga began on June 15 when Kwon was initially detained for extradition for six months, with the Montenegral High Court approving the extradition requests from both South Korea and the United States just two weeks ago. The lack of specification in the decision as to whether Kwon would be extradited to Korea or the United States adds complexity, leaving the final determination to the Montenegrin Minister of Justice.

Despite Kwon’s expressed desire to be extradited to Korea, local observers in Montenegro are sceptical about the chances of overturning the decision. There’s a prevailing belief among Montenegrin officials that Kwon’s continued detention draws undue attention.

What next for Do Kwon?

The Montenegrin Court of Appeal’s forthcoming decision on the extradition appeal will be closely watched, holding the key to Do Kwon’s potential extradition destination—either Korea or the United States.

The appeal introduces uncertainty into the timeline, making it challenging for the Montenegrin Ministry of Justice to finalize a decision before the set deadline of December 15.

The situation remains fluid, and the legal community anxiously anticipates the resolution of this high-profile extradition case.

The post Terra founder Do Kwon appeals against extradition to South Korea and the US appeared first on CoinJournal.

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5IRE token launches on Bybit, pioneering sustainable blockchain era

  • The 5ire token (5IRE) has successfully debuted on the Bybit exchange.
  • With a community comprising entrepreneurs, developers, and sustainability advocates, 5ire emphasizes inclusivity and collaboration.
  • 5IRE has inked strategic collaborations with governments, universities, and enterprises globally, including the Government of India’s NITI Aayog.

In a groundbreaking move, the 5ire token (5IRE) has successfully entered the Bybit exchange, signalling a positive shift in the blockchain landscape.

This innovative cryptocurrency introduces a new paradigm, marrying profitability with a commitment to global sustainability.

What is 5ire?

At the heart of 5ire’s success is its unique approach grounded in the principles of the fifth industrial revolution. Unlike traditional blockchains notorious for energy consumption, 5ire adopts a Sustainable Proof of Stake (SPoS) consensus, prioritizing environmental consciousness. This groundbreaking consensus mechanism not only ensures profitability for investors but also financially rewards sustainable practices.

The 5ire community, comprising entrepreneurs, developers, and sustainability advocates, actively contributes to the platform’s growth, fostering inclusivity and collaboration. By emphasizing Environmental, Social, and Governance (ESG) factors, 5ire positions itself as a leader in ESG as a Service (ESGaaS), leveraging blockchain for streamlined measurement, reporting, and analysis.

5ire’s strategic partnerships and real-world impact

5IRE’s commitment to real-world impact is evident through strategic collaborations with governments, universities, and enterprises globally.

Notable partnerships, including one with the Government of India’s NITI Aayog, underscore the platform’s role in shaping the next generation of blockchain developers and promoting sustainability.

As 5IRE takes its place on Bybit’s trading platform, investors can actively participate in this innovative and environmentally conscious ecosystem. The live 5IRE/USDT trading pair on Bybit offers a secure and user-friendly avenue for investors to contribute to a greener and more innovative crypto landscape.

With a focus on economic and environmental sustainability, 5IRE stands as one of India’s fastest-growing unicorns, driven by a global community committed to creatively utilizing the 5ireChain—an EVM-compatible smart contract platform aligned with the United Nations Sustainable Development Goals (UN SDGs).

The post 5IRE token launches on Bybit, pioneering sustainable blockchain era appeared first on CoinJournal.

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Memeinator quickly sells out in stage 6, maintaining huge predictions in 2024

  • Memeinator has entered stage 7 of the presale as demand rises.

  • The presale delivers a 132% ROI in 29 stages.

  • Memeinator has up to 50x potential in the long term.

As 2023 tip toes toward the finish line, Memeinator (MMTR) is emerging as an invincible meme token contender. Investors have accumulated over $1.724 million up to stage 7, a few weeks after the presale was launched. Investors have made early gains, with the price now at $0.014, from its initial offering value of $0.01. Will the meme vibe and unique proposition make memeinator a 10x or more investment?

Welcome to the Memeinator world

“Your meme’s survival is not up to you. It’s up to me.” It’s a stark warning by one of the most ambitious meme crypto projects of our time. Needless to say, Memeinator has captured the attention of investors yearning for something from the ordinary.

Boosting cutting-edge AI technology and meme-targeting systems, Memeinator seeks to destroy its weak peers. In fact, Memeinator claims to have travelled back in 2077 with a mission to destroy memes with no future. The promise comes amid an uncontrolled growth of meme tokens that fail to give investors value.

Aided by AI, Memeinator will crawl the weak to find and crush memes that are not worthy of attention. The aim is to ensure the strongest survive, enabling investors to put their resources into worthy projects. 

The value proposition of Memeinator has attracted investors, with the quick presale showing it. As such, it could be a matter of time before Memeinator occupies a crucial role and leaves its own mark. But to what benefit?

132% ROI and price potential attract investors to Memeinator

Memeinator has been tantalising in presale, with its value increasing at every stage. Throughout a 29-stage presale, the value of Memeinator will have risen by 132%. When the token is listed on the best exchanges in 2024, early-bird investors will have scooped huge gains.

Memeinator also carries a huge potential post-listing. Very few projects have generated the demand and enthusiasm as Memeinator. The FOMO on a new novel crypto project means that the speculative value of Memeinator is high. Coupled with being a meme project, Memeinator could immediately take off after listing, generating gains. 

Additionally, Memeinator has diverse use cases that could help unlock its value. The team will launch a web 3.0 game at the end of the presale. Users play the game in intense enemy combats mimicking Memeinator’s meme destruction. The game cements Memeinator as a mainstay in Web 3.0, helping in the price discovery of its token. Memeinator is also expected to launch a staking feature and community NFTs. The utilities give its users diverse passive income opportunities.

Will Memeinator rise by 10X or more in the future?

While it is premature to speculate on the future value of Memeinator, there are signs of a big potential. Meme tokens attract a lot of interest because of their parabolic price movements when they are listed. By this analogy, Memeinator is no exception, as it has demonstrated potential in its early days. 

A potential 10x gain is possible since meme tokens have risen by similar margins and more. Over the long term, Memeinator will have a chance to prove its worthy cause. From there, the token could unlock a potential of up to 50x, cementing the status of a worthy meme project. The gains will be crucial to Memeinator attaining its $1 billion market cap target. The token could be among the best meme coins with such market value.

Should you buy Memeinator this week?

Memeinator’s presale is selling out quickly, as stage 6 underlined. The price rises at every stage, implying that an early investment is better. At stage 7, the price is $0.014 and will increase to $0.0148 next. As such, investing before the price rises gives a better return ratio in the presale.

The post Memeinator quickly sells out in stage 6, maintaining huge predictions in 2024 appeared first on CoinJournal.

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Binance halts AEUR stablecoin trading after a 200% surge days after listing

  • Binance abruptly halts AEUR trading.
  • The euro-pegged stablecoin experienced an extraordinary 200% surge just one day after its listing.
  • AEUR is supposedly backed by euro fiat assets.

Binance has abruptly halted trading on the AEUR stablecoin, pegged to the euro, as its value soared over 200%.

The unexpected surge on December 5 raised concerns, leading to a swift response from the exchange. This incident sheds light on the risks associated with stablecoins, particularly those with lower market caps and liquidity.

AEUR’s rollercoaster ride 

The AEUR stablecoin, pegged to the euro at 1:1, witnessed an unprecedented surge of over 200% on Binance, just a day after its listing. Initially trading around $1.08, mirroring the prevailing EUR-USD rate, the token’s value skyrocketed to $3.25 at 17:45 UTC.

Binance promptly suspended trading due to “abnormal volatility,” indicating concerns about the stability of the coin.

What is AEUR stablecoin?

AEUR is issued by Anchored Coins, a Switzerland-based subsidiary owned by Singaporean investor Calvin Cheng. Touted to be backed by euro fiat assets, the stablecoin boasts a $5 million market capitalization.

However, its sudden surge and subsequent trading halt underscore potential vulnerabilities. The coin’s lower market cap and limited liquidity create an environment where de-pegging and manipulation risks are heightened.

This unexpected incident on Binance serves as a stark reminder that stability challenges can afflict even seemingly secure stablecoins.

The post Binance halts AEUR stablecoin trading after a 200% surge days after listing appeared first on CoinJournal.