Monat: Januar 2024

• Thailand lifts restrictions on real estate-backed tokens for retails: 
• Should you buy Everlodge? This project aims at disrupting the vacation property space.
• $EGLD’s presale continues to attract attention from traders.

In latest crypto news, Thailand’s Securities and Exchange Commission (SEC) has updated its regulatory restrictions on retail participation in real estate-backed tokens. The development could see more retail investors in the country join real estate investment trusts (REITs) and token-backed property projects.

As the industry digests this development, a new project that seeks to democratize the real estate investment space, is gearing up for market debut as its presale draws towards a close.

Here’s what Thai’s regulatory move means and how Everlodge ($EGLD) is positioned to transform the property industry via tokenization.

Retail investors can join real estate-backed ICOs

An update by the Thai SEC on January 18, 2024 says that the regulator has revised the criteria for retail investing in digital tokens whose underlying asset or revenue streams is real estate or infrastructure.

The regulator announced the lifting of its previous requirement that retail investment in real estate-backed or infrastructure-backed tokens could only invest up to 300,000 baht ($8,500).

With this update, retail investors have more opportunities to participate in the real estate market. This new approach to digital tokens took effect on January 16, the regulator noted.

Everlodge ($EGLD) brings fractional real estate ownership to retailers

If you ever wanted to invest in a luxury villas, hotels and vacation homes but couldn’t make the cut, now you can do it via fractional investing.

Everlodge ($EGLD), a crypto startup that wants to bring the real estate marketplace to the blockchain. Statista estimates that this core investment sector will grow at a compound annual growth rate (CAGR) of 3.41% from 2024-2028, projecting a market size of over $729 trillion by end of 2028.

As tokenization drives more interest amid adoption of real-world assets on the blockchain, retail investors can diversify with Everlodge, taking a stab at competing for investment opportunities in the vast real estate market.

As an example, a retail investor can take up an investment as an owner of a luxury home for as little as $100. Then, as the value of vacation property explodes, so will the fractional shares’ price, giving retailers a chance to be part of this market.

Everlodge aims at accelerating this, with its fractional trading marketplace, powered by the native $EGLD token. The token functions as the native currency in the Everlodge ecosystem and will offer staking opportunities as well as discounts on marketplace purchases.

With ownership and deed titles stored as NFTs, trading opens another layer of opportunities for the community.

$EGLD is currently available only via presale.

The post Is Everlodge ($EGLD) a buy as Thailand boosts real estate-backed tokens? appeared first on CoinJournal.

• 36.684 trillion SHIB tokens were added to Robinhood in 24 hours, fueled by investor interest.
• Notable SHIB whale moves and a 28,600% burn rate increase.
• Shiba Inu strategic partnership with D3 Global collaboration, SHIB domain acquisition, and ICANN pursuit.

In a remarkable turn of events, Robinhood’s Shiba Inu (SHIB) wallets have witnessed a staggering surge, accumulating 231 billion tokens in just 24 hours. This unprecedented growth, revealed by Arkham Intelligence data, brings Robinhood’s SHIB holdings to an impressive 36.684 trillion tokens.

As the crypto community closely watches, this surge is a testament to growing investor interest. It aligns with broader trends, including significant whale activities and strategic partnerships within the Shiba Inu ecosystem.

SHIB accumulation on Robinhood

Robinhood, the commission-free trading platform, is making headlines with its substantial accumulation of Shiba Inu tokens. In a single day, the platform’s SHIB wallet saw an increase of 231 billion tokens.

Notably, these exchange wallets reflect user holdings, signifying a substantial surge in SHIB accumulation by investors on the Robinhood platform. Cryptocurrency whales have also played a pivotal role, with one whale moving a staggering 136.8 billion tokens to a newly created wallet on the exchange.

The accumulation of Shiba Inu on Robinhood coincides with a community-driven burn event that has incinerated 9.35 billion SHIB tokens, showcasing a remarkable 28,600% increase in the burn rate.

Last month, the community sent 8.6 billion SHIB tokens for permanent deletion, marking an astounding 160,598% increase from the previous day’s burn rate. This strategic combination of accumulation and burning underscores a dynamic market environment for Shiba Inu.

Recent Shiba Inu partnerships

The surge in SHIB holdings is not isolated but ties into Shiba Inu’s strategic initiatives. A notable partnership with domain firm D3 Global has empowered users to acquire SHIB domain names.

This collaboration positions Shiba Inu as one of the first decentralized projects pursuing a top-level domain name through the Internet Corporation for Assigned Names and Numbers (ICANN). The partnership aligns with the rising burn rate trend within the Shiba Inu community.

The post Robinhood’s SHIB holdings hit 36.684T amidst burns and whales’ accumulation appeared first on CoinJournal.

• Pullix (PLX) continues to attract trader attention as its presale surpasses $3.8 million.
• Meanwhile, dYdX (DYDX), the native token of Cosmos-based decentralized exchange (DEX) platform dYdX Chain, has surged in the past week.
• This comes as dYdX flips Uniswap (UNI) to become the largest DEX by daily trading volume.

As the market growth pushes the dYdX price higher, analysts say a new trading platform’s native token could be one of the best crypto to invest in today. This outlook comes as trader attention increasingly flips towards Pullix (PLX), a hybrid exchange project that’s currently in presale. 

Here’s a look at dYdX’s milestone. Also find out why Pullix could be one of the top investment opportunities in 2024.    

dYdX Chain: DYDX surges as volume flips Uniswap

dYdX (DYDX) currently sits top of the ranking as the largest decentralized exchange (DEX) by trading volume. This is after the Cosmos-based dYdX surpassed Uniswap with a massive 24-hour volume of $625 million compared to Uniswap’s $512 million.

According to CoinMarketCap data, the dYdX (v4) 24-hour volume accounted for nearly 12% of the market share, while Uniswap was seeing 9.7%. The milestone for dYdX (v4) comes after a remarkable year of growth for the trading platform.

Full trading on dYdX Chain launched in November 2023, and by the end of December, it had seen over $8 billion in volume. The dYdX Chain hit the $1 billion mark in 24-hour trading volume on January 12.

Pullix (PLX): The new hybrid exchange

Interest in Pullix (PLX) has increased as its presale accelerates towards the final stages. Early bird investors have seen the token sale raise over $3.8 million by stage 6 of the PLX offer.

The level of excitement around this project is likely to soar further as it nears its launch. However, as market experts have opined in recent months, new exchanges that combine and deliver the best of centralized and decentralized exchanges could be the future of DeFi.

Other than offering a non-custodial trading platform and incentivizing users to provide liquidity, Pullix provides for portfolio diversification perpetual futures, CFDs and crypto. With PLX, you can also earn from yield farming and staking, earning passive income as trade.

Users can also tap into the exchange’s hybrid model to leverage opportunities in the traditional markets, where FX alone accounts for a staggering $6.6 trillion in daily volume.

dYdX (DYDX) price outlook

The dYdX Chain uses the layer 1 token DYDX as its governance token. The protocol supports staking. As such, dXdY’s market share increase has coincided with a price surge for the DYDX token, which reached highs of $3.15 on Thursday.

In the past month, DYDX price has increased by nearly 15% and is up 32% since touching its all-time low of $2.30 on January 3, 2024. With the all-time high at $3.73, analysts say there’s room for DYDX to enter price discovery amid a broader market rally.

Can Pullix (PLX) be a good investment opportunity?

While dYdX could be one of the best DEX tokens to buy now, Pullix stands out as a hybrid exchange project, bringing the best of both centralized and decentralized exchanges to the trading community. The potential for PLX to gain amid market growth means the Pullix presale presents an opportunity.

Pullix’s native token will power its “Trade-to-Earn” ecosystem, giving holders an opportunity to earn passively from the exchange’s daily revenue.

Furthermore, the current PLX presale price in stage 6 is $0.08, up from $0.04 in the initial stage. With the interest in hybrid exchanges growing and Pullix targeting the revitalized DeFi ecosystem, post-launch prospects for PLX look great.

This, and the fact that the trading platform will burn 50% of the generated fees (in PLX), and offer 50% for staking rewards, makes for a tantalizing investment prospect.

Do you want to learn more about Pullix and its native token’s utility? Join the presale.

The post dYdX flips Uniswap as top DEX by volume; Pullix sees increased demand appeared first on CoinJournal.

• Crypto exchange Gemini is now registered as a cryptocurrency services provider in France.
• The exchange will offer its services and products to customers in France in coming weeks.
• Coinbase also recently received a VASP license from the French regulator.

On January 17, the US-based crypto exchange co-founded by the Winklevoss twins Cameron and Tyler, announced it had secured the Digital Asset Service Provider (DASP) registration from French financial markets regulator l’Autorité des Marchés Financiers (AMF).

The milestone, which follows Gemini’s unveiling of its EU headquarters in Ireland in 2022, will see the exchange extend its crypto products and services to retail and institutional customers across France. 

Gemini plans to begin offering these services and products in coming weeks, Gillian Lynch, Gemini’s Head of Ireland and EU, said.

“France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week. We are excited to soon be able to provide French customers with compliant and secure access to the future of finance as we continue on our mission to unlock the next era of financial, creative, and personal freedom,” Lynch added.

Crypto exchanges seek licenses ahead of MiCA

Gemini’s registration as a DASP in France sees it join Coinbase, which announced it had secured a Virtual Assets Service Provider (VASP) license from the French regulator last December. Crypto exchange OKX also revealed an application for regulatory approval in the country in May 2023.

The exchanges’ quest to secure registration in France comes as the crypto industry prepares for the implementation of the Markets in Crypto-Assets (MiCA) regulation.

The EU’s comprehensive crypto regulation rules came into effect last year and are seen as a concrete step towards ensuring crypto companies adhere to compliance requirements, including around anti-money laundering (AML). The rules are also meant to bolster consumer protection while enabling crypto innovation.

The post Gemini secures crypto registration in France appeared first on CoinJournal.

• Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation.
• A TokenInsight report however shows the exchange remains top by market share.
• Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale. 

Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November.

Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale.

Report shows Binance market share dropped 5% in 2023

Binance’s place as the world’s largest crypto trading exchange by market share came under threat amid last year’s regulatory issues.

The lawsuit by the US Securities and Exchange Commission (SEC), the $4.3 billion settlement with the DOJ and CFTC among other government agencies and former CEO Changpeng Zhao’s resignation and court issues are key highlights of periods when Binance’s market share fell considerably.

Binance is also among nine exchanges to see Apple and Google Play pull their crypto trading apps from their stores in India. 

But as a new report by crypto rating and research platform TokenInsight shows, the exchange only saw a slight decline in overall market share. Binance remains the top crypto exchange in this, with a market share of 48.7% as of the end of 2023. It shows a decline of about 5% from last January’s peak levels of 54.2%, TokenInsight noted.

Per the report, user confidence in Binance has been helped by the fact that despite the hefty settlement, regulators didn’t not find Binance to have used or put its customers’ assets at risk. 

Meme Moguls bids for top meme-backed exchange

Solana’s Bonk racing into top three meme coins by market cap, highlighted a resurgence that market experts say could see this segment become a key part of the crypto investing market.

Meme Moguls ($MGLS), a project currently in presale, seeks to transform this space.

When it launches, meme coin traders will get a platform from which they can earn as they display their trading prowess.  Anyone on Meme Moguls can trade meme-inspired assets, tapping into the viral nature of tokens to climb the leaderboard and claim exclusive rewards.

Is Meme Moguls presale worth investing in?

Apart from the innovative play-to-earn platform, holders of the native $MGLS token will have a chance to earn via staking, liquidity provision and minting and trading of NFTs.

Ahead of its launch, Meme Moguls’ token MGLS is available to the public via the aforementioned presale. The token ICO is currently in stage 4 where each $MGLS token sells at $0.0027. With the total crypto meme coin market cap at $21 billion and broader market at $1.76 trillion, projects of the latter rocketing higher suggests meme coins could follow suit.

The outlook means a likely grip on the market for Meme Moguls, potentially making its native $MGLS one of the best altcoins to buy today.

Learn more by visiting the project’s website.

The post Binance remains top exchange despite 5% market share dip: Implications for Meme Moguls? appeared first on CoinJournal.