Monat: April 2024

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Bitbot price forecast as BTC holds key level

  • Bitbot aims at becoming the top trading bot on Telegram.
  • The project’s non-custodial feature has the crypto trading community excited ahead of its launch.
  • The continued influx of new money via spot ETFs and Bitcoin’s upcoming halving are key bullish factors for Bitbot price prediction.

Cryptocurrencies are trading green as the top coins Bitcoin and Ethereum see slight gains. As the market looks to bounce, investor attention on new crypto project Bitbot suggests this could be one of the top tokens to buy this year.

What sets Bitbot apart from other Telegram bots?

As the market eyes further impetus from spot Bitcoin ETFs, there’s renewed optimism on a potential SEC approval for spot Ethereum ETFs. This outlook has traders on a new quest as they look to tap into potential opportunities. 

One of the areas attracting most attention is the Telegram-based crypto trading space.

Telegram bots offer access to automated trading tools, including sniping and copy trading. Now almost every other solution boasts integration of artificial intelligence (AI).

However, Bitbot stands out from the rest as it offers the first non-custodial trading solution on Telegram. This groundbreaking move that ensures it’s “your keys, your wallet, your assets” for users has elevated the new project above other trading bots such as Unibot and Banana Gun.

The key difference is Bitbot’s focus on user security. Rather than compromise on security to offer convenience, Bitbot avoids this trade off by implementing a self-custody solution backed by MPC technology from Knightsafe.

The decentralised digital self-custody firm’s wallet technology ensures users have complete control over their assets, adding to the overall safety measures.

Bitbot’s upcoming launch therefore has the crypto trading community on Telegram extremely excited.

Bitbot sails to stage 9 of presale

Security and top institutional-grade trading tools make Bitbot one of the most anticipated crypto trading bot in the market. 

That anticipation is visible from the buying frenzy around BITBOT, the native utility token.

BITBOT holders will enjoy a share of the daily revenue as well as access other exclusive perks, including discounts and airdrops. Traders are keen on these perks, which add to the non-custodial trading offering, anti-MEV and anti-rug pull features to put the bot top of most users’ list of best AI-powered Telegram trading bots.

Bitbot (BITBOT) has raced through the first eight stages amid this interest. 

Currently in stage 9, Bitbot has raised more than $1.9 million. The token’s price is $0.0148 and will rise through the remaining six stages to reach $0.02 in the final stage.

As well as the early advantage of buying at discounted prices, the presale also offers giveaways and referral bonuses, which currently stands at 5%.

Bitbot price prediction: Can it reach $1 in 2024?

Bitbot will launch its token on exchanges this second quarter. The roadmap also highlights this time frame for the debut of its non-custodial trading bot. Community anticipation is huge after recent product updates provided demos to how the bot works.

This factor could combine with other positive catalysts to boost BITBOT price in coming months. Leading the tailwinds is the potential bull market explosion for Bitcoin.

The benchmark cryptocurrency has retreated from its all-time highs above $73k. However, with the Bitcoin ETFs seemingly only at the beginning of greater adoption and BTC halving weeks away, experts say BTC could explode past $100k in 2024.

With Unibot having seen a 200x uptick after its launch, its possible Bitbot, which offers a superior bot, could outshine it. Depending on the listing price, it’s likely BITBOT price will target the $1 mark this bull cycle.

To learn more about Bitbot, visit the official website.

The post Bitbot price forecast as BTC holds key level appeared first on CoinJournal.

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GSR Markets gets Major Payment Institution license from the MAS

  • GSR Markets secures MAS license, paving the way for OTC services in Singapore.
  • Singapore aims to be a crypto-friendly hub with regulatory compliance.
  • MAS recently expanded its regulations to safeguard investors amidst market turbulence.

GSR Markets, a prominent crypto market maker, has obtained a Major Payment Institution license from MAS in Singapore.

The license enables GSR Markets to offer spot over-the-counter (OTC) and market-making services within the regulated framework of Singapore.

Singapore’s push for blockchain innovation

Singapore has been actively positioning itself as a global hub for blockchain innovation and digital assets.

The recent licensing of GSR Markets reflects Singapore’s commitment to fostering innovation while ensuring adherence to regulatory standards. It signifies a significant step forward in the evolution of Singapore’s regulatory landscape for cryptocurrencies.

Besides GSR Markets, several other crypto players including Bitstamp, BitGo, and UpBit have received in-principle MPI license approvals from the MAS.

By legitimizing GSR Markets’ operations, MAS is paving the way for increased confidence and stability in the digital asset sector.

Moreover, the move positions Singapore as a forward-thinking jurisdiction that embraces emerging technologies while maintaining robust regulatory oversight. By fostering a conducive regulatory environment, Singapore aims to solidify its competitive position in the global financial landscape.

Resurgence of market makers like GSR Markets in Singapore

The resurgence of market makers like GSR Markets in Singapore reflects growing investor confidence in digital assets in the country.

Market makers play a crucial role in providing liquidity and stability to the crypto market, thereby mitigating volatility.

MAS’s recognition of the importance of market makers highlights Singapore’s efforts to strike a balance between innovation and regulatory compliance in the digital asset space.

MAS recently updated its crypto regulatory measures to widen the scope of digital-asset regulation to tackle speculative activities and enhance investor protection. It also added non-custodial crypto wallet imToken to its Investor Alert List, further demonstrating the regulator’s commitment to market integrity and investor safety.

The post GSR Markets gets Major Payment Institution license from the MAS appeared first on CoinJournal.

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Vana launches Reddit Data DAO allowing users control over personal data

  • Vana has secured $200M in funding led by Paradigm, signalling investor confidence.
  • The newly launched Reddit Data DAO empowers users with data control and rewards.
  • Users vote on data usage, challenging traditional models of data ownership.

Vana, a San Francisco-based startup, has introduced a groundbreaking initiative, the Reddit Data DAO, or r/datadao, empowering Reddit users to take charge of their personal data.

The launched decentralized autonomous organization (DAO) revolutionizes data ownership on the popular social media platform, offering users rewards for contributing their Reddit data and a say in its utilization.

Reddit Data DAO revolutionizes data ownership

Vana’s Reddit Data DAO represents a paradigm shift in data ownership dynamics, offering users a direct stake in the control and utilization of their personal information.

By integrating their Reddit accounts and data into the DAO, users not only earn rewards but also participate in collective decision-making regarding the fate of their data. This challenges traditional models where platforms like Reddit profit from selling user data to AI companies without user input or compensation.

The Reddit Data DAO provides users with a platform to question the distribution of revenue generated from their data.

With the potential for Reddit to earn millions annually from selling user data, the DAO advocates redirecting these profits to the users who generate the data. Through collective voting, users can determine whether to start their own platforms, sell data directly to AI firms, or negotiate compensation from Reddit itself.

Vana has secured $20 million in total funding

In tandem with the Reddit Data DAO launch, Vana disclosed securing $18 million in previously undisclosed funding, bringing its total funding to $20 million.

Led by Paradigm, the funding round signifies investor confidence in Vana’s vision of empowering users and revolutionizing data ownership. Additional support from investors such as Casey Caruso, Packy McCormick, and Polychain Capital underscores the belief in Vana’s mission.

Vana’s Reddit Data DAO not only reshapes the landscape of data ownership but also exemplifies the potential for decentralized models to empower users and challenge established norms.

As the platform gains traction and garners support from both users and investors, it signals a shift towards a more equitable and user-centric approach to data management on social media platforms like Reddit.

The post Vana launches Reddit Data DAO allowing users control over personal data appeared first on CoinJournal.

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U.S. SEC calls for public input on spot Ethereum ETF applications

  • SEC opens a comment period for Ethereum ETFs from Grayscale, Fidelity, and Bitwise.
  • Analysts less optimistic about approval following SEC’s bitcoin ETF greenlight.
  • May 23 deadline for SEC’s final decisions on ETF applications approaches.

The U.S. Securities and Exchange Commission (SEC) has opened the window for public comments on three proposed spot Ethereum exchange-traded fund (ETF) applications.

The spot Ethereum ETF applications, submitted by Grayscale Investments, Fidelity, and Bitwise, are now subject to a three-week comment period.

The likelihood of Spot Ethereum ETF approval

SEC’s decision to solicit public comments on the spot Ethereum ETF applications from Grayscale Investments, Fidelity, and Bitwise comes amid heightened anticipation in the cryptocurrency market. The move underscores the regulatory scrutiny surrounding cryptocurrency investment products.

Despite the recent approval of bitcoin ETFs, analysts have become more cautious about the likelihood of Ethereum ETF approvals.

SEC Chair Gary Gensler’s earlier statement regarding the approval of Bitcoin ETFs not signalling SEC’s stance on other crypto assets has left the door open for uncertainties regarding Ethereum’s regulatory classification.

In addition, the SEC has also been reportedly evaluating whether Ethereum should be classified as a security, a determination that could significantly impact its regulatory treatment and the prospects of ETF approvals.

With the May 23 deadline looming for final decisions on some ETF applications, market observers are closely watching for regulatory clarity.

Impact on market dynamics

The potential approval of Ethereum ETFs could have a significant impact on market dynamics, similar to the amplification of investments witnessed with bitcoin ETFs.

However, the regulatory landscape surrounding Ethereum remains complex, with ongoing discussions about its classification and regulatory status.

As investors eagerly await regulatory decisions, the future of Ethereum ETFs hangs in the balance, with implications for both institutional and retail investors.

The post U.S. SEC calls for public input on spot Ethereum ETF applications appeared first on CoinJournal.

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Coinbase partners with Lightspark for Bitcoin Lightning Network integration

  • Coinbase’s partnership with Lightspark for Bitcoin Lightning Network integration enhances transaction efficiency.
  • Lightspark’s advanced technology streamlines Lightning Network access, offering low-cost BTC transfers.
  • The collaboration empowers Coinbase with reliable, scalable node infrastructure, driving global financial innovation.

Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network.

The collaboration aims to revolutionize the way users conduct Bitcoin (BTC) transactions, offering them enhanced speed and cost-efficiency.

Lightspark, in an exclusive blog post, revealed the culmination of their efforts spanning nearly two years to refine their platform as the premier gateway to the Lightning Network. With Coinbase onboard, clients can now enjoy seamless access to low-cost and almost real-time BTC transfers.

Lightspark’s advanced technology, including its AI-driven smart engine “Lightspark Predict,” optimizes liquidity and routing for maximum efficiency.

Coinbase to retain control over Lightning signing keys

Through Lightspark’s remote-key validation implementation, Coinbase retains control over Lightning signing keys while Lightspark manages the node infrastructure. This ensures a reliable, scalable, and fully optimized node infrastructure for Coinbase users.

Shan Aggarwal, Coinbase’s VP of Corporate & Business Development, expressed confidence in establishing a global financial ecosystem prioritizing efficiency and speed.

The integration signifies a significant stride towards achieving this goal, opening doors to a multitude of payment-related use cases facilitated by Lightspark’s innovative solutions.

Coinbase’s decision to integrate the Lightning Network comes at a time when Bitcoin’s scalability and transaction speed have become critical concerns. With transaction fees on the primary network rising, the Lightning Network offers a promising solution to alleviate congestion and reduce costs.

The move aligns with Coinbase CEO Brian Armstrong’s vision, who previously highlighted the potential of Lightning Network integration.

Founded in 2022 by David Marcus, Lightspark has garnered support from key industry players and investors, positioning itself as a frontrunner in Lightning Network solutions. The partnership with Coinbase further solidifies its standing in the market.

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