Die Zentralbank von Nigeria erklärte in einem Bericht, es sei notwendig ein rechtliches Rahmenwerk für Stablecoins zu erarbeiten.
WOO rallies by 10% as the Woo Network burns 700 million of its total token supply
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WOO is up by 10% in the last 24 hours, the best performer amongst the top 100 cryptocurrencies by market cap so far today.
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The Woo Network announced that it had burned more than 700 million WOO tokens so far.
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The total crypto market cap is now close to the $860 billion mark.
Woo Network burns 705 million WOO tokens
The Woo Network announced a few hours ago that it had burned 705 million WOO tokens, accounting for over 24% of the total supply. Over the first half of 2023, WOO Network said it would roll out a series of improvements to WOO tokenomics. The first part will focus on addressing existing issues while making the WOO token distribution more transparent.
A new era for the $WOO token
As a first step in a series of improvements, WOO Network has burned 705M $WOO tokens – over 24% of the total supply.
Here’s a breakdown of how we are propelling $WOO into a position of strength in the market (1/4)
👉https://t.co/TNHJ6fia49 pic.twitter.com/H7CcditgfO
— WOO Network (@WOOnetwork) January 10, 2023
This latest cryptocurrency news has seen WOO rally over the last few hours. WOO is the best-performing cryptocurrency amongst the top 100 coins and tokens by market cap today.
At press time, the price of Woo Network stands at $0.1664. The rally comes as the broader continues its positive performance. The total cryptocurrency market cap now stands at $857 billion.
Key levels to watch
The WOO/USDT 4-hour chart is bullish, as WOO has been performing excellently over the last few days. The technical indicators show that WOO is outperforming the broader crypto market.
The MACD line is deep within the positive zone, indicating a strong bullish nature for WOO. The 14-day relative strength index of 64 also shows that WOO could enter the overbought region if the rally continues.
If the bullish trend is maintained, WOO could rally past the $0.1788 resistance level before the end of the day. However, it would find it hard to overcome the second major resistance level at $0.1953.
The bears might regain control of the market, and this could see WOO trade below the $0.1527 support level in the near term.
Where to buy Woo Network now
KuCoin
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.
Swapzone
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
The post WOO rallies by 10% as the Woo Network burns 700 million of its total token supply appeared first on CoinJournal.
Eyes on Shiba Inu as it readies for Bugatti Group partnership
- Bugatti Group Company designs and creates briefcases, handbags, and other accessories.
- Bugatti Group is expected to host a special event soon, in partnership with Shiba Inu.
- The event is scheduled for the next few days.
Shiba Inu seems to have started the year 2023 with a bang. The price of SHIB has been on an upward trajectory since January 1, 2023. Yesterday, on January 10, the meme-coin registered a high of $0.000009543 before slightly pulling back to today’s price of $0.00000898.
The price is expected to surge higher if the announcement made by the Shiba Inu ecosystem on Twitter about an upcoming partnership with the North American luxury brand Bugatti Group is actualized. The tweet which said, “Stay tuned for an upcoming event announcement in the next few days!” showed a video clip with the name Bugatti alongside the Shiba Inu logo leaving many to deduce that something is cooking between the two. The tweet tagged Bugatti Group’s official account on Twitter.
In December, SHIBArmy was reported to add about 600 new holders per day; showing people are still interested in buying the Shiba Inu Coin (SHIB) even amidst the crypto winter.
Bugatti Group NFT projects
Shiba Inu’s tweet comes a month after Bugatti Group launched its first-ever NFT project in partnership with Bored Ape Yacht Club (BAYC) NFT collection in November 2022. The partnership allowed the luxury brand to print one-of-a-kind NFTs onto luggage and cross-body bags. The partnership also allows “NFT holders to print their custom profile pictures on said products and soon on international retailers’ websites.”
According to sources and the tweet from the Shiba Inu ecosystem, Bugatti Group is now set to launch a limited–edition collection of physical items and collectable NFTs in partnership with Shiba Inu to honour the genesis NFT holders.
The collection will offer about 299 limited releases at a mint price of 0.14 ETH. According to sources, 95% of those who will participate in the minting will get a unique Cross Body Luggage Bag from Bugatti while the remaining 5% will get a carry-on item in which they can print their own Shiboshi NFT design.
To reward the earliest supporters of the collection, Bugatti Group will give a 55% discount on their exclusive travel accessories.
The post Eyes on Shiba Inu as it readies for Bugatti Group partnership appeared first on CoinJournal.
Silbert responds to Winklevoss’s accusations: DCG doesn’t have to return the funds
- Cameron accused Silbert of misrepresenting statements to Gemini on how the company was capitalized
- DCG’s responsibility for Genesis restructuring and bankruptcy based on non-callable $1.1b promissory note
The feud between Gemini crypto exchange cofounder Cameron Winklevoss and Digital Currency Group (DCG) CEO Barry Silbert continues to escalate, with Winklevoss calling for Silbert’s removal from the company. David Hollerith reports on Yahoo Finance.
Winklevoss demanded Silbert step down
Cameron Winklevoss filed the second of two open letters. In the first one, which came last week, Winklevoss wrote:
There is no path forward as long as Barry Silbert remains CEO of DCG.
He demanded Silbert step down so DCG and Gemini can settle their ongoing dispute out of court.
Misrepresenting statements
Most recently, Cameron accused Silbert of misrepresenting statements made to Gemini in relation to how the company was capitalized after an earlier loss in the summer.
Silbert responded in a letter to investors. The key point of contention is about how culpable the company DCG is for Genesis’ current restructuring and potential bankruptcy. It boils down to this $1.1 billion promissory note, which is not callable now. That means DCG would not have to return those funds in the event of bankruptcy.
What does this mean for Genesis?
There still isn’t much debate there, but the war of words will go on according to Hollerith. Silbert has claimed that his company never took out a $1.675 billion loan from Genesis, adding that the company is current on all outstanding loans and never missed an interest payment. He suggested the next interest payment on the loan would be made in May.
The background
The Winklevoss twins turned to Genesis when the company introduced its Gemini Earn program, which offered a yield of up to 8% on crypto assets. Gemini paid the interest partially by loaning customer money to Genesis Global Capital, owned by DCG, which then loaned the funds to institutional clients.
After FTX’s collapse, Genesis suspended customer redemptions, leaving Gemini unable to pay back Earn clients.
The post Silbert responds to Winklevoss’s accusations: DCG doesn’t have to return the funds appeared first on CoinJournal.
Bitcoin-Kurs hält sich über 17.000 US-Dollar, GBTC erstmals wieder im Aufwind
Bitcoin und auch die anderen Finanzmärkte warten auf neue Impulse durch die bevorstehende Rede von US-Zentralbankchef Jerome Powell.