Monat: März 2024

Veröffentlicht am

Bitcoin Dogs exchange listing nears as total raised nears $11M

Bitcoin Dogs has become one of the most successful Initial Coin Offerings (ICOs) of the year. After launching three weeks ago, the developers have now raised over $10 million as they prepare to launch it in key exchanges on Thursday. This article explores why Bitcoin Dogs has become so successful and what to expect ahead.

Bitcoin Dogs token sale soars

Bitcoin Dogs has become one of the best-performing token sales of the year as the developers succeeded in raising almost $11 million from investors. It has passed other popular token sales of the year like AltSignals and Memeinator. You can buy the $ODOG token here.

There are three main reasons why Bitcoin Dogs has outperformed other token sales this year. First, it is a pioneering platform that seeks to disrupt the blockchain industry by becoming the first ICO on the Bitcoin network.

This is a big issue considering that demand for Bitcoin-related assets has jumped sharply in the past few months. For example, Bitcoin Ordinals have become the fastest-growing players in the Non-Fungible Token (NFT) industry.

Similarly, Stacks, a platform that provides layer-2 solutions for Bitcoin’s ecosystem has become a leading player in the industry. Its token has more than doubled in the past few months. 

Second, Bitcoin Dogs has an ambitious plan to dominate the cryptocurrency industry. According to its white paper, Bitcoin Dogs will create utility for the toke by having several features like a 10k NFT collection and a game. 

Also, it has gained traction because of its dogs name, which many people associate with meme coins. Most meme coins, including the likes of Dogelon Mars, Floki Inu, and Pepe have all surged hard in the past few months. As a result, the total market cap of all meme coins has surged to over $65 billion.

Crypto bull run

Finally, Bitcoin Dogs has raised so much money as the crypto bull run gains steam. The most recent data shows that Bitcoin has soared to over $73,000 while the total market cap of all coins has jumped to over $2.7 trillion. 

Bitcoin’s performance has been remarkable considering that it was trading at less than $1 15 years ago. This makes it one of the top-performing assets in the world. It has beaten the popular stock indices like the S&P 500 and Nasdaq 100.

In most cases, investors tend to move into other cryptocurrencies Bitcoin is soaring because of the Fear of Missing Out (FOMO). 

Therefore, there is a likelihood that the Bitcoin Dogs token price will rally after being listed by leading exchanges like Binance, OKX, and Kraken.  

Still, like all pre-sale tokens, there is a risk involved when investing in cryptocurrencies. As a result, you should only invest funds that you can afford to lose and embrace the best risk-management strategies like having a stop-loss and a take-profit.

The post Bitcoin Dogs exchange listing nears as total raised nears $11M appeared first on CoinJournal.

Veröffentlicht am

EU publishes final draft rules on complaints handling for stablecoin issuers

  • The European Banking Authority (EBA) published the draft rules on complaints handling procedures for issuers of Assets Referenced Tokens (ART) on March 13.
  • EBA collaborated with the European Securities and Markets Authority (ESMA) to draft the regulatory technical standards (RTS).
  • These regulatory standards are part of MiCA provisions on stablecoins.

The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.

EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA).

“In order to avoid diverging complaints handling procedures among issuers of asset referenced tokens and third-party entities, complainants should be able to file their complaints using a harmonised template valid for complaints handling procedures with issuers of asset-referenced tokens irrespective of where the issuer is established or where the token was distributed,” the EBA draft reads.

RTS will help ensure that the EU has “effective and transparent procedures for the prompt, fair and consistent handling of complaints.” It’s also for a level playing field in terms of handling the complaints across the EU.

MiCA provisions

The regulatory standards are part of the mandate for the European Banking Authority (EBA) as stated in Regulation (EU) 2023/1114 of the EU’s Markets in Crypto-Assets (MiCA) law.

MiCA became effective in the EU on June 29, 2023. One of its provisions was for EBA to draft rules related to Asset-Referenced Tokens, or stablecoins pegged to more than one fiat currency or cryptocurrencies.

EBA said in a press release published on Wednesday that a public consultation on the draft RTS happened between July 12 and October 12, 2023.

The draft standards will now go to the European Commission, the European Parliament and finally the European Council before their publication in the Official Journal of the European Union.

MiCA provisions on ART will apply from June 30, 2024.

The post EU publishes final draft rules on complaints handling for stablecoin issuers appeared first on CoinJournal.

Veröffentlicht am

Memecoin craze sends Ethereum gas fees up as Rebel Satoshi launches $RECQ for its dual-token ecosystem

  • Ethereum jumps 13% in a week, and more growth could be imminent.
  • Rebel Satoshi attracted more investors after $RECQ started its presale at $0.0020.

Investors have been flocking to top meme coins over the past few weeks, hoping to get massive returns soon. As a result, Ethereum’s (ETH) gas fee recently rose significantly, rendering the network unusable for most crypto enthusiasts. Meanwhile, Rebel Satoshi, an emerging meme coin project, has caused a stir after starting the public presale of its utility token, $RECQ. 

Which is the best cryptocurrency to buy in 2024, Ethereum or $RECQ? Let’s find out!

Ethereum surges 13% amid rising gas fees

Ethereum has put up a commendable performance over the past seven days. On March 2, ETH was changing hands at around $3,420.09. ETH began climbing the same day as investors anticipated ETH surging after the Dencun upgrade ships on March 13. Additionally, increased activity around Ethereum-based meme coins triggered more gains in ETH. 

According to data from IntoTheBlock on March 8, this increased activity pushed Ethereum’s average gas fee as high as $28, making the blockchain unusable for many crypto proponents. However, the rising gas fees did not harm ETH’s price. By March 9, ETH had stabilized at around $3,891.16. This price means ETH has gained 13.77% in a week.

So, will ETH continue pumping, and is it a top crypto to buy? According to experts, ETH could surge to $6,087.39 by year’s end. Experts base this prediction on ETH attracting more investors after the Dencun upgrade, which will significantly lower gas prices for L2 networks. 

Rebel Satoshi $RECQ starts its public presale

Rebel Satoshi, an emerging meme coin that seeks to better the crypto-verse by enhancing decentralization, has become the subject of investment discussions. Investors and experts are buzzing about Rebel Satoshi because of its bold mission to rouse the sleeping sheep and build a vibrant community that rebels against the authority of centralized crypto entities.

Additionally, crypto enthusiasts are embracing Rebel Satoshi because of its dual-token ecosystem. Rebel Satoshi’s tokens are $RBLZ and $RECQ. $RBLZ is Rebel Satoshi’s governance and membership token and is listed on Uniswap and Coinstore. On the other hand, $RECQ is Rebel Satoshi’s utility token. 

As a utility token, $RECQ underpins everyday transactions, purchases, fees, and rewards within Rebel Satoshi. To ensure the seamless running of its ecosystem, Rebel Satoshi set $RECQ’s supply cap at 3 billion tokens. 

By March, $RECQ had started the Early Bird Round of its public presale. $RECQ’s price during this stage was $0.0020. Once $RECQ climbs to its listing price of $0.0125, Early Bird Round investors will enjoy a 525% ROI. This mapped-out price trajectory could make $RECQ the best cryptocurrency to buy today.

For the latest updates and more information, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

The post Memecoin craze sends Ethereum gas fees up as Rebel Satoshi launches $RECQ for its dual-token ecosystem appeared first on CoinJournal.

Veröffentlicht am

Dencun upgrade goes live on Ethereum mainnet

  • Ethereum’s Dencun upgrade went live on the mainnet on March 13, 2024 at 13:55 UTC.
  • The upgrade introduces “blobs” which will see a significant reduction in transaction fees for Layer-2 protocols.

Ethereum core developers have activated the Dencun upgrade on the mainnet, with the highly anticipated implementation rolling out at epoch 269568 at 13:55 UTC. 

Dencun had previously successfully deployed on the Holesky testnet in February.

Dencun upgrade is live

The upgrade introduces “blobs,” with the EIP-4844 set to see a significant decrease in transaction fees for Layer 2 protocols.

Ethereum and several L2 tokens surged earlier in the week as the Dencun upgrade approached. While prices have slightly retreated in the last 24 hours, the community is super bullish on what this hard fork means for the broader Ethereum ecosystem.

The last time the community vibe has been this positive was during the previous two major upgrades – the Shanghai upgrade in April 2023 and the Merge in September 2022.

Implementation of the Shanghai upgrade on the mainnet enabled ETH holders to unstake their tokens for the first time since deposits opened ahead of the Merge. Dencun’s rollout brings data blobs to the mainnet, with proto-danksharding set to enhance data availability and help cut transaction fees for L2s.

Users across Base, Arbitrum One, Optimism, zkSync and Starknet among other L2 platforms will benefit from this reduction. The Arbitrum team posted on X:

The post Dencun upgrade goes live on Ethereum mainnet appeared first on CoinJournal.

Veröffentlicht am

Thailand approves tax exemption for crypto earnings

  • Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post.
  • New measures take effect on January 1, 2024.
  • Thai government expects to raise 18.5 billion baht from token investment fundraising. 

Thailand has approved a tax exemption targeted at crypto holders as the country looks to promote fundraising through investment tokens.

Local news outlet Bangkok Post reported on this earlier today, March 13, 2024.

Thai’s new crypto tax measures

Specifically, the Thai cabinet approved the new tax measures aimed at crypto earnings on Tuesday, March 12, 2024. 

With the nod, earnings from crypto tokens held as investment tokens do not have to be included in the calculation of an individual’s personal income tax. Such individuals who already have the 15% withholding tax added can exclude the crypto earnings from this income tax calculation.

According to Kulaya Tantitemit, Thailand’s revenue authority, the tax measures are effective January 1, 2024.

The tax breaks are also targeted at token issuers. Already, measures announced last week had provided a corporate income tax and value-added tax (VAT) waiver for issuers of investment tokens. Those measures combined with the latest cabinet nod will help push the country to the forefront as a global hub for investment fundraising, authorities said.

Thailand expects about 18.5 billion baht (about $519 million) in token investments over the next nine months, the Thai Securities and Exchange Commission (SEC) said.

The post Thailand approves tax exemption for crypto earnings appeared first on CoinJournal.