Kategorie: Crypto Markets

• Binance Kazakhstan has secured a full DATF license from AFSA for digital assets.
• The license allows trading, brokerage, and custody services in Central Asia.
• The crypto exchange underwent rigorous audits and ISO certifications to ensure compliance with regulatory standards.

In a significant regulatory development, Binance Kazakhstan has successfully obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA).

This milestone enables the platform to offer a comprehensive range of services, including trading, broker-dealer activities, and custody of digital assets within the region.

Binance Kazakhstan a pioneer in Central Asia’s digital asset space

This achievement not only marks Binance Kazakhstan as a pioneer in Central Asia’s digital asset landscape but also reflects its commitment to meeting stringent regulatory standards.

The DATF license empowers Binance to establish a robust trading facility in Kazakhstan, aligning its operations with the regulatory framework set forth by the Astana International Financial Centre (AIFC).

To secure this license, Binance Kazakhstan underwent an extensive multi-stage review process. This included thorough external financial audits and ISO certifications, ensuring compliance with key regulatory codes, such as the AIFC Digital Asset Activities and Conduct of Business Rules, alongside strict anti-money laundering (AML) regulations. These measures are vital in establishing the trust and security needed for users engaging in trading and custody services.

Binance’s foray into Kazakhstan is indicative of the growing acceptance and regulatory advancements within the cryptocurrency sector, particularly in Central Asia.

By becoming the first digital asset platform in the region to obtain such a license, Binance Kazakhstan sets a benchmark for other platforms aspiring to operate under similar regulatory conditions.

Binance’s proactive approach highlights the importance of regulatory compliance in fostering a secure and reliable environment for cryptocurrency trading. The licensing milestone not only benefits Binance but also enhances the overall legitimacy of the digital asset industry in Kazakhstan and beyond.

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Binance announced on September 30, 2024 that it will list new crypto token EigenLayer (EIGEN), adding to a notable list of cryptocurrency exchanges adding trading support for the Ethereum restaking project.

Meanwhile, crypto project Bitcoin Dogs – which also landed on major exchanges recently – is looking to strengthen in the market. This comes as traders speculate on the potential for Binance or other exchanges to list 0DOG.

EigenLayer (EIGEN) to list on Binance

In its announcement, Binance said it will be adding the EigenLayer (EIGEN) token for spot trading on October 1, 2024 starting at 05:00 UTC. Expected trading pairs will be against Bitcoin, USDTm DFUSD and the Turkish Lira. Specifically, trading pairs with a Tag seen will be EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY.

Once trading begins, Bnance will allow withdrawals from 05:00 UTC on October 2, 2024. As well as Binance, other exchanges adding trading support for EigenLayer include Coinbase and BitMart. Coinbase announced it added EigenLayer to its listing roadmap last week.

Anticipation within the EIGEN community is high as the Ethereum restaking protocol’s native token lands on major exchanges. This is due to the fact that EIGEN listing, particularly on Binance and other global exchanges, adds to overall project visibility and accessibility.

A surge in demand has often seen such tokens outperform the broader market, with several Binance-listed tokens in 2024 outpacing BTC.

EigenLayer may see such a traction, especially after the project announced a lift on transfer restrictions for EIGEN. After months of non-transferability for the coins following earlier distributions, tokens will be available for trading starting September 30, 2024.

Bitcoin Dogs: Is a major exchange listing next?

One of the biggest token launches of the year so far was that of Bitcoin Dogs (0DOG). The project which pioneered the BRC-20 ICO on Bitcoin, stormed to a $13.4 million presale.

Getting traction during the presale with attention on Bitcoin and the emergent layer 2 ecosystem, Bitcoin Dogs’ main selling point quickly cemented around gaming and NFTs.

The roadmap highlights various milestones towards this goal, including the launch of 10k Ordinals NFTs and expansion of its GameFi presence by tapping into the popular tap-to-earn economy.

Recently, Bitcoin Dogs went live in the market, launching on major cryptocurrency exchanges Gate.io, MEXC and Uniswap. But the community is rife with speculation that this P2E related crypto project could be listed on Binance and other exchanges.

Is it a good time to buy 0DOG?

Several meme coins and tap-to-earn economy coins, including Catizen, Hamster Kombat and Dogs have spiked in price and industry visibility with such listing activity. While Binance has not indicated it will list 0DOG, the long-term view across the space is positive. This view is that a great project will attract users and eventually top exchanges.

Meanwhile, Bitcoin Dogs is also attracting interest after its recent 100 million 0DOG burn.

🐶🫡 You Barked…We Burnt 🥵🔥

Dawgz we heard you, you barked and we burnt 100 MILLION #0DOG tokens!📈

But this is just the start – stay tuned for more EXCITING updates!👀

🔗🔥Proof of Burn: https://t.co/YgolZgcl7K#Proofofburn #POF pic.twitter.com/wShTJaRgr7

— BitcoinDogsClub (@BitcoinDogsClub) September 25, 2024

There’s also a 2 million 0DOG reward pool. Holders can tap into the 0DOG-ETH liquidity pool, stake and start earning LP tokens. The APY started at 1000% and currently sits around 440% with farming rewards paid daily

Ahead of a potential price rebound, current price levels of $0.006 may be a good entry point. However, 0DOG has struggled in recent weeks and may see further declines. Bitcoin’s slip from above $66k also adds to the overall weakness.

Learn more about Bitcoin Dogs here.

The post Binance to list EigenLayer (EIGEN): Is Bitcoin Dogs next? appeared first on CoinJournal.

• Bithumb is South Korea’s second-largest crypto exchange
• The company held a shareholder meeting on September 30 and is eyeing a potential listing on Nasdaq

Bithumb, the second-largest crypto exchange in South Korea, is reportedly considering public listing in the US.

According to a local news report in dnews, Bithumb held an extraordinary shareholder meeting in which the company deliberated on the potential to list on the Nasdaq.

Bithumb is considering an IPO in 2025

The meeting held on Sept. 30 reviewed the consideration around an initial public offering in the second half of 2025. Also featured on the agenda was the company’s name – with shareholders passing the resolution to change the name from Bithumb Korea to Bithumb. Initially, the exchange went by BTC Korea.com.

News of Bithumb’s plans to go public in the US comes as a few other crypto companies, including Circle, have recently revealed IPO plans. Crypto news provider Wu Blockchain also shared the potentially huge Bithumb move.

Bithumb, South Korea’s second largest cryptocurrency exchange, announced at an extraordinary shareholders‘ meeting that it is considering listing on the Nasdaq in the United States, with the goal of listing in the second half of next year, with Samsung Securities as the main…

— Wu Blockchain (@WuBlockchain) September 30, 2024

Bithumb first moved towards the push to become a publicly-traded company in 2020. But with crypto regulatory hurdles and accounting standards unfavourable, the company gave up the KOSDAQ IPO plans.

The exchange is still open to a domestic listing. However, it’s also eyeing an overseas offering given the example of Coinbase.

For its US IPO, the South Korea-based crypto exchange will work with Samsung Securities as the lead underwriter. Bithumb’s market share has hovered between 10% and 20%, and the potential for Nasdaq listing and presence could spark further growth.

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The crypto market has the potential to offer a great investment opportunity for handsome rewards on little investments. While Bitcoin and other big names have always been on big investors’ radar, many smart investors are choosing cheap alternatives with better potential for huge investment returns. Going into what could be another rally period, some experts have tipped NEIRO, DOGS, PEPE Coin, and the debuting RWA token, Rexas Finance (RXS), as the four best coins to invest in if you’re on a budget in October 2024.

Rexas Finance (RXS)

On September 8, Rexas Finance entered the crypto market with a huge buzz as it sold out its first presale stage in less than 72 hours. Rexas, known for its uniqueness in the RWA crypto sector, offers another dimension to asset ownership. The project seeks to close the gap separating blockchain technology from conventional markets. It lets users tokenize factual assets including real estate, commodities, intellectual properties, etc. Users may thus earn passively from the convenience of their homes. 

Aside from asset tokenization, Rexas Finance offers an opportunity to own an asset from anywhere globally. Through Rexas Estate, users can sell or buy a fraction or complete asset. Rexas AI Shield ensures a transparent and safe transaction. 

Users also have the opportunity to promote their tokenized asset startups and raise funds using the Rexas Launchpad. The Rexas team recently announced a $1 million USDT giveaway. By completing some quests, contestants have a chance to win 50,000 USDT if they’re among the top 20. 

This event has further increased Rexas Finance’s reach in the crypto market. With the current presale now over 60% complete, some analysts are predicting a 5,700% rise post-launch. With the current price of $0.05, investors have an opportunity to join now before the stage completes and the price rises to $0.06 in stage four. 

Neiro Coin (NEIRO)

Can September improve for the NEIRO, a viral memecoin with over 1,800% weekly surge? Neiro continued its amazing feat as it surged to a record high of $0.0012, bringing its market cap to over $484 million. 

Rising above the likes of Book of Meme, Cat in a Dog’s World, and Mog Coin, it is now the ninth-largest meme coin. Community enthusiasts are already comparing this amazing rise to the one witnessed by PEPE in May. 

With another Bitcoin bull rally in sight, Neiro offers a low-budget investment option with notable gains in October.

Dogs (DOGS)

Introduced on April 24, 2024, DOGS, sometimes known as DOG•GO•TO•THE•MOON was launched using the Runes protocol. It first gained notoriety in August following a successful airdrop campaign delivering over 75,000 Runestone Ordinal NFT owners 100 billion DOG tokens. 

Following the airdrop, DOGS soared to a new ATH of $0.001633. 

DOGS has since dropped 47% of its gains to profit-taking from short-term holders as the price hovers around $0.0008619. However, long-term holders are busy buying the dips in anticipation of another rally. 

Experts believe all the token needed is another favorable push in the market. With the awaited “Uptober” drawing closer and the recent Fed rate cut, DOGS might soar 10x. This affordable price and potential for massive gain make it a go-to for an investor on a budget.

Pepe Coin (PEPE)

Is there a need for an introduction? Maybe not. Pepe coin, the giant Ethereum memecoin, has been the benchmark for any meme rally this year. With over 1,000% year-to-date gain, PEPE set a new ATH on May 27 at $0.0000172 after breaking several highs across the previous months. Following an On-chain report indicating over 90% of PEPE holders in profit as of early June, the coin suffered a huge profit taking from short-term investors, dropping the price by 50%. 

However, the recent market resurgence, triggered by the 0.5% fed rate cut, has brought PEPE back into the limelight. Over the week, PEPE has recorded a notable 11% increase. Experts tip PEPE to lead the memecoin rally in “Uptober”, making it a top crypto for any portfolio at the current price of just $0.0000081.

Conclusion 

As we approach October 2024, undervalued altcoins like Neiro, DOGS token, PEPE coin, and Rexas Finance (RXS) could be top contenders for huge gains. At just $0.05, Rexas Finance’s ongoing presale offers the best opportunity for investors to jump on a revolutionary crypto project set to disrupt the trillion-dollar RWA market. Visit the official Rexas Finance website for how to get started. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post NEIRO, DOGS Token, PEPE Coin, Rexas Finance (RXS): Experts tip 4 coins to invest in October 2024 appeared first on CoinJournal.

• UK Gambling Commission charges Sorare for providing unlicensed gambling services.
• The United Kingdom’s Gambling Commission has been investigating Sorare for three years.
• Sorare denies wrongdoing, asserting it is not a gambling platform under UK law.

The United Kingdom’s Gambling Commission has taken legal action against Sorare, a blockchain-based fantasy sports platform, accusing the company of operating unlicensed gambling facilities.

Sorare, headquartered in France, offers non-fungible tokens (NFTs) tied to fantasy sports teams and athlete collectibles. Following the Gambling Commission’s move, the platform is set to appear in a UK court on October 4.

The Gambling Commission opened its investigation into Sorare in October 2021 but has largely kept its findings under wraps.

As of July 2023, the Commission had not made its conclusions public, instead stating that it would engage in further dialogue with operators and third parties before reaching a final verdict.

The upcoming court battle represents the culmination of nearly three years of regulatory scrutiny.

What is Sorare?

Sorare, founded in 2018, allows users to collect and trade digital cards in the form of NFTs. These cards represent real-life athletes, and users can create fantasy teams to compete based on the players’ real-world performances.

The platform covers multiple sports, including football, basketball, and baseball. Player performance in actual games directly impacts the fantasy teams, making the platform interactive for users.

Sorare’s NFT cards can be traded or sold, sometimes reaching values in the hundreds of thousands of dollars.

Sorare denies any wrongdoing

In response to the charges, Sorare has firmly denied any wrongdoing.

In a public statement issued by the company’s spokesperson, Sorare has argued that it is not a gambling platform under UK law and criticized the Gambling Commission for misinterpreting its business model.

As quoted by The Guardian, the spokesperson said, “We firmly deny any claims that Sorare is a gambling product under UK laws. The Commission has misunderstood our business and wrongly determined that gambling laws apply to Sorar.”

Sorare has faced legal challenges before, including a similar case in France. In that instance, the company reached a settlement before the matter could proceed to court.

Initially, Sorare only accepted cryptocurrency payments for transactions on its platform. However, in 2023, the company expanded its payment options to include traditional fiat currencies in an effort to increase user adoption.

The outcome of the UK case could have significant implications for Sorare and the broader NFT gaming industry, which continues to blur the lines between collectibles, gaming, and gambling.

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