Monat: September 2024

• Kraken has closed the acquisition of Dutch cryptocurrency exchange Coin Meester B.V.
• The exchange has been expanding its services across EU ahead of MiCA regulation.

Crypto exchange Kraken has completed the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto broker.

BCM has regulatory approval as a registered virtual asset service provider in France and Poland.

This footprint in the Netherlands allows Kraken to offer its services in France and Poland. According to an announcement, the acquisition of BCM will help strengthen Kraken’s efforts to expand its services across Europe.

“The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share in the years ahead,” Brian Gahan, Kraken’s managing director of Europe, noted in a statement.

Kraken will begin to extend its products to BCM clients in coming months. This will include access to over 200 cryptocurrencies. Users will also benefit from the liquidity, security and customer support available to Kraken’s users.

Kraken’s EU expansion

This deal follows Kraken’s expansion efforts across Europe as the industry eyes compliance with the European Union’s Markets in Crypto-Assets (MiCA) law.

Currently, Kraken provides VASP services either directly or through different partnerships across the EU. Countries where the exchange offers its services include Germany, Spain, Italy, the Netherlands and France. The crypto exchange also now offers its services in Ireland and Poland.

In Belgium, Kraken operates through its VASP platform in Ireland.

The post Kraken completes acquisition of Dutch crypto exchange BCM appeared first on CoinJournal.

• Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024.
• Aura is a decentralised indexing and data availability platform designed to extend the Solana and Solana Virtual Machine networks.
• MPLX price rose 12% amid the news and overall crypto market surge.

The Metaplex Foundation, the non-profit supporting the Metaplex Protocol, has announced a new decentralized indexing and data availability layer for Solana (SOL).

Metaplex Aura Network is the new platform that Metaplex Foundation introduced on Sept. 23, revealing that the new platform complements the Solana Virtual Machine and the Metaplex Program Library with a decentralised network for real-time data availability.

1/ Introducing Metaplex Aura, a decentralized indexing and data availability network for @solana and the SVM, powered by $MPLX.

SVM + MPL + Aura = the full stack for decentralized applications 🦾

Learn more 👇 pic.twitter.com/AvoyggawKj

— Metaplex 🦾 (@metaplex) September 23, 2024

The Aura Network allows Metaplex to expand its developer solution, giving builders access to three key network components – data availability, multi-program indexing and elastic state management. Major benefits include flexibility, optimization and scalability.

Native Metaplex token MPLX will power the Aura nodes.

Metaplex adopted community approach to launch

According to the details in a blog post, the Metaplex Foundation opted for a “community-driven approach” as it looked to bring the Metaplex Aura Network to market. This included engaging Solana and SVM developers, who offered feedback and a chance for the Metaplex team to explore early implementations.

Moreover, the rollout saw more than 25 unique projects participate, from NFT marketplaces, game development, infrastructure providers and launchpads to creators and SVM layer 2 networks. Metaplex will open-source the Aura platform’s code to allow developers from across the globe to contribute as well as benefit from available tools and protocols.

MPLX, which traded near $0.36 early Monday, rose more than 12% in 24-gains. These gains pushed the token’s price above $0.42. Daily volume was up 87% to over $2.8 million amid buyside pressure catalysed by broader market gains.

Overall upside momentum had helped Aave price hit a two-year high in early trading. Arkham also spiked as AI tokens soared.

The post Metaplex unveils indexing and data availability network for Solana appeared first on CoinJournal.

Arkham is among the top trending artificial intelligence-related token as the price of its native token ARKM surges more than 27% in 24 hours. Per CoinMarketCap data, ARKM reached highs of $1.47 across major exchanges, its highest level since July.

The Arkham (ARKM) price surge comes amid a fresh spark of volatility across crypto, with Bitcoin holding above $63,500 and Ethereum near $2,700.

Arkham surge leads AI tokens

Binance launchpool released project Arkham sees its ARKM spike to rank as the biggest gainer among AI’s leading coins by market cap.

However, there are significant gains for Bittensor (TAO), Near Protocol (NEAR), the Graph (GRT) and ionet (IO). These AI tokens currently post an impressive double digit upside of between 12% and 19%.

However, they lag ARKM whose value is up 27% in 24 hours and 45% this past week at the time of writing. Prices near $1.48 mean bulls could eye $1.75 and then June resistance levels around $2.70.

The native token of blockchain intelligence platform, which leverages AI to deanonymize blockchain and on-chain data, has also seen a 280% spike in daily volume to over $127 million.

Meanwhile, the market cap has surged to over $326 million, up 27% in 24 hours to push ARKM into 159th largest cryptocurrency by market cap.

According to data from Coinglass, open interest for Arkham (ARKM) is up more than 56% to over $39.9 million. Elsewhere, a sudden rise in prices has seen more bearish bets on the token liquidated in the past 24 hours at over $119,000.

Liquidated long positions were $9,900 over the same period at the time of writing.

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