Monat: Dezember 2023

• Coinbase obtained the Virtual Assets Service Provider (VASP) approval from French regulator Autorité des Marchés Financiers (AMF).
• The exchange has approval to offer crypto custody and trading services to retail and institutional investors.

Coinbase has received regulatory approval to offer its crypto exchange services and products in France, the firm announced on Thursday. As CoinJournal reported earlier, stablecoin issuer Circle also obtained a regulatory nod in the country.

Coinbase gets approval to offer crypto in France

The US-based crypto exchange said in its announcement that French regulator Autorité des Marchés Financiers (AMF) has granted it the Virtual Assets Service Provider (VASP) registration. The authorisation is a “significant milestone” in the exchange’s quest to expand its services across Europe.

The VASP licence allows Coinbase to offer digital assets custody and trading to both retail and institutional customers. These services will be available in compliance to the country’s financial and market regulations, as well as European Union laws.

Daniel Seifert, the Vice President and Regional Managing Director for EMEA at Coinbase, said:

“We’re focused on bringing the benefits of crypto to the world. Achieving VASP status in France allows us to continue to grow globally in the best possible way, onboarding the next 1 billion people into crypto while ensuring consumer’s assets are secure and that compliance is prioritised. France has a thriving web3 ecosystem and we are excited at the prospect of contributing to it,”

Coinbase eyeing global expansion

Coinbase’s regulatory approval in France comes as a recent survey by market research firm Toluna showed that 10% of the French adult population currently owns cryptocurrency. The study also revealed that nearly a quarter of French adults, or 24%, have plans to buy, sell, and or trade crypto over the next 12 months.

The outlook combines with the regulatory clarity provided by the European Union’s MiCA to make not just France but the rest of the bloc an important market for Coinbase. 

While it continues to seek international expansion with applications for licences and registrations in tier 1 regulatory jurisdictions, Coinbase is also focused on fighting for clarity in the United States.

In its latest effort, the exchange filed an appeal against a recent decision by the US Securities and Exchange Commission (SEC) to reject its petition for crypto rulemaking. The petition seeks new rules for crypto. 

The SEC denial of the filing came several months after it sued Coinbase for allegedly offering unregistered securities.

The post Coinbase receives VASP registration in France appeared first on CoinJournal.

• Blockdaemon will integrate the cross-chain messaging capabilities of LayerZero into its self-custodial wallet.
• The partnership further enhances LayerZero’s security, Ryan Zarick, CTO of LayerZero Labs said.

Blockchain infrastructure firm Blockdaemon is partnering with LayerZero Labs, the developer behind omnichain interoperability protocol LayerZero, to add cross-chain capabilities to its self-custodial wallet.

Blockdaemon to also operate a DVN on LayerZero

According to an announcement, the partnership with LayerZero Labs also sees Blockdaemon become the blockchain messaging protocol’s infrastructure provider. Blockdaemon will also operate a Decentralized Verifier Network (DVN) on LayerZero.

Other entities that will run DVNs include Animoca Brands, Google Cloud and Gitcoin.

5/ At launch, DVNs will be run by a wide variety of entities:@MIM_Spell @animocabrands @BlockdaemonHQ @delegatedotxyz @gitcoin @GoogleCloudTech @NethermindEth @P2Pvalidator @PolyhedraZK @StableLab @switchboardxyz @tapioca_dao & @Portalcoin by SuperDuper

— LayerZero Labs (@LayerZero_Labs) December 20, 2023

DVNs offer off-chain verification of messages and its launch expands the partnership with LayerZero, which includes the protocol’s use of Blockdaemon’s node-as-a-service platform. The collaboration follows the recent launch of LayerZero V2.

“The integration of both Blockdaemon’s Wallet with LayerZero and DVN (Blockdaemon Oracle) holds the promise of establishing a secure, compliant, and hyper-scalable entry point to liquidity pools while ensuring institutions retain complete control over their assets,” said Konstantin Richter, CEO and founder of Blockdaemon.

With this integration, Blockdaemon is targeting further institutional adoption for its self-custodial wallet as well as DeFi API. The company launched the wallet in April.  

Commenting on the partnership, LayerZero Labs CTO and co-founder Ryan Zarick, stated:

“LayerZero Labs aims to develop cross-chain infrastructure and interoperability technology that is built to last: always immutable, permissionless, and censorship-resistant. Blockdaemon’s integration of the LayerZero protocol into their industry-leading MPC wallet and participation as a DVN within LayerZero demonstrates the enterprise-grade utility of the LayerZero protocol and expands the number of DVNs that developers can choose to leverage within their Security Stack,” the LayerZero Labs exec added.

The post Blockdaemon integrates LayerZero to bring cross-chain capabilities to self-custodial wallet appeared first on CoinJournal.

• Circle Secures French DASP License:
• The licensing aligns Circle with MiCA regulation.
• Director of European Operations and financial expert appointed to lead Circle’s compliance efforts.

In a strategic move towards strengthening its foothold in the European crypto market, Circle, a prominent stablecoin issuer, has achieved a significant regulatory milestone by obtaining a conditional Digital Asset Service Provider (DASP) license in France.

The licensing is complemented by the appointment of Coralie Billmann as the Head of French Operations, reflecting Circle’s commitment to aligning with European regulatory standards.

Circle’s European expansion

Circle’s successful acquisition of the DASP license from the French Financial Markets Authority marks a pivotal moment in the company’s European expansion. This move underscores Circle’s dedication to adhering to regulatory standards, particularly with the impending implementation of the Markets in Crypto-Assets (MiCA) regulation.

To fortify its operations and compliance efforts, Circle has strategically brought Coralie Billmann on board.

Coralie Billmann, currently the Director of European Operations and a board member at 3S Money, will assume the role of Head of French Operations at Circle. Billmann’s extensive experience in financial leadership roles, including positions at JP Morgan and PayPal Luxembourg, positions her as a valuable asset for Circle’s European strategy.

Billmann’s appointment is pivotal, not only in overseeing licensed operations in France but also in steering Circle towards compliance with the MiCA regulation. This strategic alignment with European standards signifies Circle’s proactive approach in a regulatory landscape that continues to evolve.

Circle co-founder and CEO Jeremy Allaire expressed the significance of the conditional DASP registration in France, stating:

“The granting of this conditional DASP registration in France marks an important milestone as we work to establish our European regulatory platform.”

The post Circle secures French DASP license, appoints head of operations appeared first on CoinJournal.

• Meme Moguls is a new crypto project in presale.
• It seeks to combine the decentralised experience of crypto trading with the earning potential of play-to-earn.
• The native $MGLS is currently priced at $0.0023 and investors looking to seize on its potential future gains are flocking to its presale.

The crypto market is showing remarkable resilience amid major gains for top altcoins. As money flows into various positions, it appears the investor community is quietly impressed by one emerging crypto project – Meme Moguls (MGLS).

We assess why this project that seeks to be the 100x token is attracting attention and why its presale could be a good time to buy.

Meme Moguls (MGLS): A new Ethereum-based gem?

Crypto continues to churn millionaires as savvy investors seize on multiple opportunities, including on meme trailblazers Dogecoin, Shiba Inu, Pepe and recently Bonk. This bull cycle has a few other projects poised too, and one that’s turning investors’ heads is Meme Moguls.

But with so many tokens hitting the market, why is Meme Moguls in the picture as a potential breakout token? Understanding how it works and what it offers is a good place to start.

Well, Meme Moguls is a new crypto project set to bring a stock-market-style online trading experience to the burgeoning digital assets space. Joining Meme Moguls is an opportunity to test individual trading skills in a meme-inspired Moguls Exchange.

The ability to connect with the crypto community will also be possible via the metaverse world of Mogul Land. Here, $MGLS holders can participate in a world where they can mint tokens, stake or join liquidity pools.

While it will be fun to play a stock market game, the real chance to earn lucratively from trending tokens makes this project stand out among presale tokens poised for launch.

Use $MGLS to earn as you become a mogul

As detailed in their whitepaper, this is a play-to-earn game that among other benefits, will allow holders of its native $MGLS token to earn while they play. Users will have a chance to earn passively, including via in-game assets and rewards in the form of $MGLS.

Moguls and industry pioneers such as Warren Buffet and Elon Musk continue to inspire millions of traders and entrepreneurs. Meme Moguls seeks to offer the ordinary trader a chance to put their skills to good use.

Becoming a mogul within the Meme Moguls ecosystem won’t be for prestige, but will come with a chance to accumulate real $MGLS.

Meme Moguls presale: Investors see opportunity

$MGLS is an ERC-20 token currently available in presale, an early bird offer that could see participants reap big when it goes live on exchanges.

The token sale is in stage 2 and price has already increased from $0.0019 to $0.0023 per token. The project has raised over $630,000 so far and with interest surging, it might not be long before the offer closes.

Meme Moguls offers a 30% bonus on deposits and has lined up $150,000 worth of giveaways for presale participants. If interested, find details on how to join the giveaway or presale here.

The post Crypto investors eyeing 2024 opportunities seize on Meme Moguls (MGLS) appeared first on CoinJournal.

• Avalanche (AVAX) has jumed 10% in the past 24 hours to break above $45. 
• As cryptocurrencies bounce, AVAX bulls could eye a breakout above $50.
• Meanwhile, the overalll bullish outlook has Pullix (PLX) attracting investors as its presale surpasses $1 million.

Avalanche (AVAX) is looking to bounce above a key price level following Wednesday’s broader market surge. Meanwhile, investors hunting for the next breakout projects are increasingly finding Pullix (PLX), a new crypto exchange and investment platform highly attractive.

Pullix (PLX): the new hybrid exchange for DeFi

Pullix ($PLX) is a new project that seeks to bring the benefits of a hybrid exchange to the online trading community. 

An innovative “Trade-to-Earn” ecosystem stands out and could revolutionise the trading experience across crypto, particularly the decentralised finance (DeFi) market. The trading platform will incentivise users to provide liquidity, offering a revenue sharing product that could drive interest and provide traction for the native $PLX token.

$PLX holders will earn more tokens when they contribute to liquidity through staking of liquidity pool tokens. There are also discounts on trades. 

Apart from that other notable earning opportunities will be via its lending protocol, staking rewards, and DeFi and NFT launchpad. 

Users will also note Pullix’s non-custodial exchange as a plus that sets it apart from most platforms currently in the market. What this means is that users remain in control of their holdings as they enjoy the benefits of a hybrid infrastructure model.

Avalanche: AVAX looks bullish as crypto bounces

Cryptocurrencies have added roughly 2% to the global market cap after Bitcoin’s surge to $44,000 on Wednesday. Data showed the total value of cryptocurrencies was about $1.7 trillion, with 24-hour trading volume around $89.5 billion. 

As BTC rose, Solana extended its recent gains to flip XRP, while Ethereum traded to above $2,200. All the top 10 cryptocurrencies, including Avalanche (AVAX) were in the green over the past 24 hours.

Before Avalanche’s 10% spike to highs of $46, the altcoin had hovered below $40. The upside now has analysts strengthening their  bullish outlook for the layer-1 blockchain platform’s native token. Open interest has risen to over $407 million, up 17% in the past 24 hours.

With millions of AVAX tokens burned, over 16 million just in the past week, and open interest in AVAX surging, there’s a high chance bulls could target $50 or higher as the next support base.

Pullix ($PLX): Presale and market outlook

While AVAX could rally higher after reclaiming the weekly peak of $44, investors eyeing a long term bet on a currently cheap token will find Pullix potentially more attractive. 

A trader who buys Pullix ($PLX) today as the token trades around $0.044 in stage 3 could hold a significant unrealized gain on their tokens by the time they land on exchanges. This is because $PLX is expected to rise 580% during the presale, ahead of its potential market debut in the first quarter of 2024.

This bullish outlook for Pullix has investors taking a good look at Pullix during the presale. As of writing, over 7 million $PLX tokens have been sold in stage 3, raising over $1 million. Details on the presale page show that this stage 3 will end in nine days, which would see the token’s presale price jump.

Among long term catalysts for the price of $PLX is the anticipated token burn. According to Pullix’ whitepaper, a percentage of the network revenue will go into a $PLX buy back and burn mechanism.

Notably, 10% of all forex revenue, 20% from crypto CFDs and 30% on daily Multiples will be used to buy $SPLX. Burning $SPLX will reduce the circulating supply and likely impact the token’s future price

To find more about Pullix and its presale, visit their official website.

The post Avalanche (AVAX) surges 10% to target $50 as investors grab Pullix (PLX) appeared first on CoinJournal.