Kategorie: Crypto Business

Key takeaways

• MetaMask has introduced a new feature that allows users to purchase cryptocurrencies with fiat currencies. 

• The wallet wants to make it easier for users to purchase cryptocurrencies directly on its platform. 

• MetaMask has included payment options like debit or credit cards, PayPal, bank transfers and instant ACH.

MetaMask launches a fiat purchase feature 

Cryptocurrency wallet and decentralised application (DApp) provider MetaMask announced on Monday, April 10th, that it had launched a new feature that would allow its users to purchase cryptocurrencies with fiat currencies directly from its Portfolio Dapp.

According to MetaMask, the move is designed to make it easier for users to purchase crypto with fiat currency. 

MetaMask’s new “Buy Crypto” feature enables its users to buy numerous cryptocurrencies using various payment methods, including debit or credit cards, PayPal, bank transfers, and instant ACH (Automated Clearing House). 

The wallet provider revealed that the service would be rolled out to users in 189 countries and will offer more than 90 tokens across eight networks, including Fantom, Celo, Ethereum, Arbitrum, BNBChain, Polygon, Optimism, and Avalanche. 

MetaMask users would be required to connect their wallets to the Portfolio Dapp to click on the “Buy” button in the MetaMask extension wallet to access this feature. This will allow users to select their region, payment option, the token, and the network they want to purchase on. 

MetaMask’s new feature works with location

According to MetaMask, the new feature takes into account various factors, like the user’s location and local regulations, to provide a customised payment quotation. 

Users are then redirected to a third-party provider’s website to complete the transaction, and the funds are deposited directly into the user’s MetaMask wallet afterward. 

MetaMask has been partnering with companies to make it easier for users to purchase cryptocurrencies. Last month, MetaMask partnered with MoonPay to enable direct crypto purchases in Nigeria.

Also in March, MetaMask Institutional partnered with Allnodes, Blockdaemon and Kiln to launch a staking service for institutional investors. Companies and institutional investors are able to access a wide range of staking services provided by ConsenSys Staking Allnodes, Blockdaemon and Kiln.

The post MetaMask introduces a new fiat purchase function for cryptocurrency appeared first on CoinJournal.

• Wemade says Tangled features an AI-based verification system to enhance safety for the Web3 live chat users.
• Users can accumulate time points and swap them for utility tokens like WEMIX.
• Wemade is making giant steps in bridging traditional gaming to Web3 and blockchain.

Wemade, a leading South Korean based gaming and blockchain company, has today launched the new Talk to Earn (T2E) decentralised application dubbed Tangled on its DAO and NFT Platform NILE.

The popular video game developer, whose The Legend of Mir title is one of the biggest gaming hits, shared the news via a press release on Monday. 

According to Wemade, the Web3 live chat dApp uses AI-based AI-based verification to ban fake gender accounts or profiles. The artificial intelligence helps to ensure dApp users enjoy the highest standards of safety and chat experiences, the firm noted.

Live chat and earn points

Tangled users will have an opportunity to chat with others across the globe. The chat application has a built-in mechanism that allows users to earn time points as other users accept their chat offer.

Accumulated points are then saved in native Tangled NFT called Tangled Timepieces. The NFTs are in three grades – Luxury, High-End, and Zenith. A user can fuse same grade NFTs to achieve a higher grade NFT. Higher graded pieces mean more time points and longer live chat times.

Users can also exchange time points for TIPO, a utility token that one can then swap for other digital assets such as WEMIX.

Microsoft-backed Wemade has been aggressive in its blockchain and Web3 strategy since CoinJournal reported on the firm’s “blockchain facelift” for Legend of Mir in 2020. 

The company recently partnered decentralised warehousing provider Space and Time to help power its blockchain gaming platform WEMIX PLAY. The collaboration will see Wemade help the next wave of GameFi development, Wemade announced.

The UNI token also rallied last July when Wemade announced it would add liquidity to Uniswap. The Korean game developer’s interest via the WEMIX/USDC pool on Uniswap V3 saw huge volume spikes, aiding the uptick in UNI price.

The post Wemade launches Web3 live chat app Tangled on NFT platform NILE appeared first on CoinJournal.

• MicroStrategy is the world’s largest public holder of Bitcoin.
• Documents show the company recently bought another 1,045 BTC for $29.3million, days after purchasing 6,455 BTC for $150 million.
• MicroStrategy now holds 140,000 bitcoin acquired for $4.17 billion at an average of $29,803.

In MicroStrategy news today, the company has announced the purchase of an additional 1,045 bitcoin acquired for $29.3 million.

The Bitcoin was acquired between March 24, 2023 and April 4, 2023, according to details in the Form 8-K filing on 5 April, with the firm now holding a total of 140,000 BTC.

MicroStrategy buys bitcoin after US government sells 9,861 BTC

MicroStrategy’s latest purchase comes less than two weeks after MicroStrategy founder Michael Saylor announced the business intelligence software firm had acquired 6,455 BTC for $150 million. That purchase was made at an average of $23,238 a coin and saw the world’s largest public holder of Bitcoin bring its total holdings to 138,955 BTC.

On Wednesday, Saylor announced the company had bought the 1,045 BTC at the average price of $28,016 per coin. The US-based company now holds 140,000 BTC acquired for approximately $4.17 billion and at an average price of $29,803 per BTC.

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv

— Michael Saylor⚡️ (@saylor) April 5, 2023

MicroStrategy has added to its bitcoin stash regularly since 2020, with many purchases completed during price dips. This most recent purchase notably happened a few days after the US government sold over $215 million worth of BTC.

As CoinJournal reported last week, the US government said it sold 9,861.17 BTC connected to the closed darknet market Silk Road on 14 March. The US also announced plans to sell an additional 41,490 BTC in four batches throughout 2023, with the total sales amounting to 51,351 bitcoin that was seized James Zhong.

Bitcoin was trading around $28,497 at 9:26 am ET on Wednesday, up 84% year-to-date. The MicroStrategy stock closed near $299 on Tuesday, with MSTR up more than 105% YTD.

The post MicroStrategy adds 1,045 BTC to bring Bitcoin stash to 140,000 appeared first on CoinJournal.

Key takeaways

• NFT marketplace OpenSea has announced the launch of OpenSea Pro.

• The launch comes after OpenSea acquired NFT aggregator Gem in April 2022. 

• OpenSea has been losing its dominance in the NFT space to rival Blur.

OpenSea launches OpenSea Pro

OpenSea, one of the leading NFT marketplaces in the world, announced the launch of OpenSea Pro on Tuesday, April 4th. 

While announcing this via a blog post, OpenSea revealed that OpenSea Pro is its new nonfungible token (NFT) marketplace aggregator designed to serve the needs of professional users. 

This latest cryptocurrency news comes after OpenSea acquired NFT aggregator Gem in April 2022. The acquisition enabled OpenSea to develop and refine Gem’s platform to create the new OpenSea Pro. in its blog post, OpenSea wrote;

“OpenSea Pro introduces a new level of optionality, selection, and control for pro collectors. Building on previous Gem designs, we’re excited to roll out a vastly improved (read: larger and more reliable) suite of features that will allow collectors to discover the best deals and insights across 170 marketplaces, and access sophisticated tools that meet their need for automation.”

OpenSea seeks to offer users a new level of optionality, selection, and control and is targeted at professional collectors. 

The NFT marketplace added that OpenSea Pro would provide a wide range of improved features that would enable collectors to discover the best deals across 170 marketplaces. 

OpenSea Pro introduces advanced orders

OpenSea pointed out that its pro version comes with an “advanced orders” feature, which allows users to sweep across the deepest liquidity of any NFT marketplace aggregator.

This feature grants users control over their purchases on the platform. The company also revealed that OpenSea Pro is compatible with mobile devices and is optimized for mobile devices. Hence, allowing users to browse, sweep and list using their mobile phones.

Users of OpenSea Pro can also list NFTs on OpenSea with 0% fees for a limited period. 

OpenSea has been losing its customer base to rival Blur in recent months. In February 2023, OpenSea implemented a 0% fee policy to attract users back to its platform as competition with Blur heats up. 

The post NFT marketplace OpenSea announces the launch of OpenSea Pro appeared first on CoinJournal.

• Marathon Digital mined 2,195 bitcoin in Q1, with 41% of that (825 BTC) mined in March.
• The company also grew its total hashrate by 64% from 7 exahashes t0 11.5 exahashes.
• CEO Fred Thiel says the company is confident it will reach its primary growth targets.

Marathon Digital Holdings (NASDAQ:MARA) had one of its best quarterly performances in terms of Bitcoin mining returns in Q1, 2023, according to company’s unaudited mining and installations update the published on Tuesday.

With hashrate increasing by over 60% during the quarter, the miner saw its total BTC holdings jump by a record 2,195 bitcoin.

Marathon Digital says it mined 2,195 BTC in Q1 2023, with 825 BTC in March

As the crypto market looked to bounce from the brutal 2022 bear market in the first three months of 2023, with Bitcoin price reaching highs near $29k, Marathon Digital bumped up its mining operations.

March was the standout month as the miner added 825 bitcoin, about 41% of total BTC mined in the quarter. That figure was up 21% on the total number of BTC mined in February as total quarterly mining count reached 2,195 BTC.

According to Marathon Digital CEO Fred Peter, the uptick in production came as the company increased its hashrate after a difficult 2022. He commented:

“During the quarter, we increased our operational hash rate 64% from 7.0 exahashes to 11.5 exahashes. We also observed improvements in the consistency of our hash rate, which indicates that some of the technological upgrades we have been implementing are starting to take effect. By improving our hash rate, we increased our bitcoin production 41% from the prior quarter to a record 2,195 bitcoin in Q1. In March, we produced a record 825 bitcoin, which is a 21% increase from the prior month.”

In Q1, 2022, Marathon mined 1,259 bitcoin while it managed 1,562 in Q4, 2022.

According to the miner, its total BTC holdings at the end of Q1 was 11,466 bitcoin – worth about $326.5 as of 31 March. The company also ended the quarter with $124.9 million in unrestricted cash and cash equivalents.

“Given the operational and financial improvements we made during the first quarter, we remain optimistic that we can achieve our primary growth targets and establish Marathon as one of the largest and most energy efficient Bitcoin mining operations globally,” Thiel noted.

The post Marathon Digital mined a record 2,195 bitcoin in Q1 2023 appeared first on CoinJournal.