Monat: Februar 2024

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As Bitcoin holds key level, investors are aware of Bitcoin Dogs

  • Bitcoin Dogs (0DOG) is crypto’s pioneering ICO on Bitcoin blockchain.
  • Analysts say Bitcoin is entering a new era with Layer-2 and BRC-20 tokens.
  • 0DOG presale is selling out fast amid massive investor interest, raising more than $4.3 million in just ten days.

Cryptocurrency markets have experienced a significant sentiment boost in the last two months and investors keen to ride the upcoming momentum might fancy the extremely bullish aura surrounding Bitcoin (BTC).

The flagship cryptocurrency, currently showing a resilient outlook above $50k, however has another ecosystem quickly growing around it – the Bitcoin Layer-2 and BRC-20 token standard. One particular project is the focus of crypto investors – Bitcoin Dogs.

Bitcoin Dogs (0DOG): Pioneer ICO on Bitcoin takes market by storm

The Bitcoin Dogs (0DOG) project is on the cusp of entering a new phase with its $0DOG token market launch. Ahead of this highly-anticipated development, the attention of the crypto investing community is on the groundbreaking ICO launched just ten days ago.

An initial coin offering for a dog-themed NFT and game platform on the flagship Bitcoin network is historic. The potential for an enduring legacy is also massive. If you combine these two with the raging bull that’s shaping up for 2024 and beyond, Bitcoin Dogs stands out as one of the top altcoins to invest in today.

Investors have thus poured over $4.3 million into the Bitcoin Dogs ICO. With ten days of the 30-day ICO gone, the next two weeks could be critical for anyone looking to take a position.

Bitcoin (BTC): Growth for L2s and BRC-20

A recent report by the Binance Research team revealed that the Layer-2 network on Bitcoin and the BRC-20 token standard are two themes to watch in 2024. 

The idea here is the Bitcoin ecosystem is primed for an explosive growth around memes, NFTs, DeFi, and GameFi. Inscriptions volume on Bitcoin have surpassed 60 million, the team posted on X.

Driving the narrative further is the OG blockchain network’s strengths and market dominance. The approval of the spot Bitcoin ETFs, upcoming halving and the broader bullish outlook for crypto adds to the possibility the new era for Bitcoin is just getting started. 

Analysts at investment firm Pantera Capital recently noted that the Bitcoin L2 and BRC-20 ecosystem is an untapped half-trillion dollar market.

What’s the outlook for Bitcoin Dogs?

Market experts see Bitcoin (BTC) price spiking to a new all-time high in coming months, helped by the supply shock that comes with the block reward halving. Wall Street demand is also heating up, adding to the potential run past the $69k ATH reached in 2021.

As such, Bitcoin Dogs is launching its new project within an ecosystem poised for growth. It’s this that could explain 0DOG presale sweeping through the market. Is the current presale price of $0.0224 therefore an opportunity for a low entry point?

Do you think Bitcoin will reach a massive valuation in the coming months and years? 

Check out the Bitcoin Dogs whitepaper (accessible here) to learn more about how this project is set to tap into the NFTs and gaming arena on Bitcoin. 

You can also join the community on X or Telegram to get the latest information.

The post As Bitcoin holds key level, investors are aware of Bitcoin Dogs appeared first on CoinJournal.

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ADA near key level as analyst says Cardano faces correction

  • Cardano (ADA) traded below $0.60 as a TD Sequential indicator flashed a sell signal.
  • Crypto analyst Ali says this indicator previously saw bearish flips for ADA.
  • ADA still eyes a run to the psychological $1 level.

Cardano is trading near $0.60 on Saturday afternoon, about 1.3% up in the past 24 hours. However, with price dipping below the above area, its likely sellers could eye further moves amid broader crypto market correction.

Analyst says ADA faces correction

A sell signal in the form of a TD Sequential indicator on Cardano’s 3 day chart. That is the outlook crypto analyst Ali shared via X on February 23.

In technical analysts, the TD Sequential helps traders identify a potential reversal point in an asset’s market trend. With it, traders can pinpoint buy or sell signals – with this usually the case for token prices either reversing upward or downward.

As the analyst notes, Cardano’s price has corrected downward on previous occasions when this indicator flashed bearish. Ali wrote:

“The TD Sequential indicator shows a sell signal on the #Cardano 3-day chart. It’s important to note that the last two times this indicator signaled bearish, $ADA experienced a price correction!”

Here’s the chart the analyst shared:

Cardano reached highs of $0.63 on February 20 but could fall to support at $0.50 if bulls fail to hold above $0.57. The next major support area could be around $0.45.

On the flipside, invalidation of the sell signal may see buyers target intraweek highs. Potential resistance above $0.60 could be at mid-December highs of $0.66. Above this level, ADA may run to the psychological $1 level.

The post ADA near key level as analyst says Cardano faces correction appeared first on CoinJournal.

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Buyers Rush Last Opportunity on Rebel Satoshi ($RBLZ) Presale as Injective (INJ) and Polygon (MATIC) Record Gains


TLDR

  • $RBLZ offers 150% gains before the upcoming launch.
  • INJ is set to continue its bullish trend.
  • MATIC could increase toward the $1.05 range.

Rebel Satoshi ($RBLZ) investors await the official launch on DEXes on March 4. Let’s see if this revolutionary meme coin has the potential to compete against Injective (INJ) and Polygon (MATIC) and find out which is the best cryptocurrency to buy today.

Rebel Satoshi Gains Unrivaled Bullish Momentum

Rebel Satoshi is a groundbreaking meme coin project that aims to challenge the stability of centralized organizations and ignite a permanent crypto revolution. In addition, $RBLZ holders play a vital role in the building of the Rebel Satoshi ecosystem and obtain numerous exclusive benefits as Recusants in Rebel Satoshi’s army.

For example, $RBLZ users receive enormous staking rewards and access to as many as 9,999 rare NFTs. On top of that, $RBLZ holders can engage in the platform’s exciting meme culture and embark on various interactive quests.

Top market experts suggest $RBLZ as the best coin to invest in the present market based on Rebel Satoshi’s fantastic growth potential. Furthermore, $RBLZ has completed its Smart Contract Audit and has already raised $2.1 million. 

The token is at the final Recusants Round 5 of the presale, priced at only $0.024. Thus, investors who bought $RBLZ at its Round 1 price of $0.010 are set to receive exceptional 150% gains when $RBLZ soon hits the $0.025 presale target. 

The returns are bound to get substantially bigger after $RBLZ hits exchanges on March 4, so make sure to diversify your portfolio with Rebel Satoshi today!

Injective Bulls Expect Rallies to $43.50

The price of INJ has decreased by 0.87% over the last week, from $35.40 to $35.10. However, Injective bulls are convinced that the recent positive developments in the Injective camp could soon enable INJ to approach the $43.50 threshold. Furthermore, experts praise INJ as one of the best altcoins to buy in 2024 based on Injective’s remarkable surges in terms of Total Value Locked.

As the platform announced on February 15, Injective’s partnership with Solana and Bonfida has resulted in the release of crypto’s first omnichain domain name service. In addition, Mito Finance announced the launch of Mito on the Injective mainnet on February 20.

On the other hand, Injective bears warn that the token’s inability to bounce back above the $40 mark could lead to more significant drops over the next INJ price movements. According to a recent pessimistic INJ price prediction, holders should brace for corrections toward $31.50.

Could Polygon Increase to $1.05?

The price of MATIC has surged by 6.74% within the last week, from $0.88 to $0.95. Polygon bulls claim that MATIC is set to sustain its upward momentum and rise toward the $1.05 level in the upcoming term.

This optimistic MATIC price forecast is based on multiple factors, such as Polygon’s continued surges in terms of daily active users and Polygon’s increased whale activity. For example, Spot On Chain reported on February 17 that a wallet linked to Polygon’s Hermez Network had deposited 3 million MATIC tokens (worth over $2.85 million) to Kraken. 

While Polygon bulls suggest MATIC as the top crypto to invest in 2024, some market analysts have evaluated MATIC as a high-risk investment based on the token’s increased price volatility. As for the latest negative Polygon price prediction, MATIC could decrease to $0.83 in the following weeks.

Analysts claim that $RBLZ is poised to leave opponents like INJ and MATIC far behind in the crypto race. The Rebel Satoshi presale ends on February 29, so don’t hesitate to take action right away! 

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 Buyers Rush Last Opportunity on Rebel Satoshi ($RBLZ) Presale as Injective (INJ) and Polygon (MATIC) Record Gains appeared first on CoinJournal.

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US prosecutors want Changpeng Zhao to surrender all passports

  • US prosecutors seek court orders compelling former Binance CEO Changpeng Zhao to surrender his passports.
  • The government wants Zhao’s bond conditions to ensure he doesn’t travel out of the US ahead of his sentencing.
  • Zhao pleaded guilty to breaking the federal anti-money laundering law.

US prosecutors have filed a motion requesting that former Binance CEO Changpeng Zhao be asked to surrender his travel documents ahead of his sentencing in April this year.

The US Attorney’s Office, in a filing at the District Court for the Western District of Washington, requested Magistrate Judge Brian Tsuchida to approve additional travel restrictions against Zhao.

US Attorney’s Office eyes travel restrictions for Zhao

As noted in the court document filed on February 23 by US Attorney Tessa Gorman, the government wants Zhao’s bail conditions specified.

The former Binance chief stepped down in 2023 as US authorities announced a $4.3 billion settlement with the exchange. His exit also happened after he (Zhao), pleaded guilty to charges related to money laundering at the exchange.

The sentencing hearing is scheduled for April 30 and prosecutors want the former Binance CEO to remain in the United States till then. They also want him to notify the prosecution ahead of any travel plans, with the request being that he give a three-day notice to allow prosecutors raise objections.

With this, the US Attorney’s Office has asked that Zhao surrender his Canadian passport as well any other travel documents, including expired passports. Zhao’s request for court permission to travel to the UAE – where he holds citizenship – was denied in December.

Judge Richard Jones ordered that Zhao stay in the US ahead of his sentencing, citing the ex-Binance CEO’s massive wealth and lack of US ties as factors that could see him flee to the UAE.

Zhao, however, remains free on the $175 bond set in November last year.

The post US prosecutors want Changpeng Zhao to surrender all passports appeared first on CoinJournal.

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FTX to sell European subsidiary for $33 million

  • FTX sought to claw back $323 million from founders of FTX Europe, a crypto platform the bankrupt exchange acquired in 2021.
  • According to court documents, FTX argued the exchange had overpaid for the startup.
  • The settlement means FTX Europe founders will now buy back their company for $32.7 million.

FTX, the bankrupt crypto exchange that shocked the crypto world when it imploded in 2022, has agreed to sell its European subsidiary to the original owners.

After dropping a case that sought to claw back money used to buy the Europe-based crypto startup, FTX agreed to sell it back to its founders for $32.7 million.

The settlement is well below the $323 million FTX spent on the deal in 2021.

FTX sells assets of FTX Europe back to founders

According to documents filed in the bankruptcy court in Wilmington, Delaware on Thursday, FTX has settled with founders of FTX Europe. Formerly Zurich Digital Assets DA AG before a rebranding, FTX Europe was the crypto exchange’s gateway to the European market.

Now it’s part of FTX’s ongoing efforts to claw back money allegedly misspent on deals, ostensibly led by founder and former CEO Sam Bankman-Fried. The disgraced Bankman-Fried is in jail awaiting sentencing after a jury returned a guilty verdict on all charges, including fraud, last year.

In its settlement with FTX Europe, the bankrupt crypto exchange noted that the deal to sell back the company to its founders constituted the best outcome for FTX creditors. The FTX team contended that the European-based subsidiary was unlikely to attract any bids.

While it overpaid when acquiring the Switzerland-based Digital Assets DA AG, this settlement ends any likely long litigation given FTX Europe had filed a counter lawsuit.

Patrick Gruhn and Robin Matzke, the founders of DA AG, denied the FTX allegations in their lawsuit and sought $256.6 million from the bankrupt exchange. Matzke told Reuters that the settlement with FTX “was a good result.”

The post FTX to sell European subsidiary for $33 million appeared first on CoinJournal.