Kategorie: Crypto Markets

• Solana tokens Shadow Token and Neon rose sharply on Wednesday, hitting highs of $2.49 and $1.96 respectively.
• Coinbase announced it will list SHDW and NEON tokens.

Solana tokens Shadow Token (SHDW) and Neon (NEON) are among those to post huge upside moves in the past 24 hours. SHDW has spiked more than 50% while NEON added more than 21% as the Solana ecosystem continues to experience greater growth.

At the time of writing, Shadow Token price was at $2.09, slightly lower from the intraday high of $2.49 reached earlier.

Meanwhile, NEON changed hands at $1.78. The token had earlier jumped to highs of $1.96 as the market reacted to Coinbase related news.

Coinbase to list SHDW and NEON

Leading US-based crypto exchange has announced that two Solana-based tokens – Shadow Token and NEON EVM are now added to its listing roadmap. This is a formal communication from the Coinbase team that they will be listing the given token(s).

Assets added to the roadmap today: Shadow Token (SHDW) and Neon EVM (NEON) https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) March 27, 2024

In this case, an official announcement is yet to be made. However, the exchange has confirmed plans to list SHDW and NEON.

SHDW is the native utility token of Shadow, a decentralised physical infrastructure network (dePIN). The project provides for blockchain-based storage and compute capabilities. The SHDW powers this ecosystem, allowing users to pay for services including decentralised data storage and compute.

NEON is the utility token of the Neon EVM platform. Developers can tap into the Ethereum Virtual Machine (EVM)-compatible network to build and deploy Ethereum-native decentralised applications (dApps) on Solana.

The post Solana’s Shadow Token (SHDW) and Neon (NEON) are soaring: Here’s why appeared first on CoinJournal.

• Ankr prepares for Neura launch merging AI, Cloud, and Web3 for industry disruption.
• Kangamoon presale surpasses $2.87M
• The Kangamoon presale is in its fourth stage with $KANG tokens going for $0.014 per token.

In the fast-evolving landscape of blockchain technology, two projects — Ankr and Kangamoon — are making significant strides towards innovation and growth. 

Ankr, a well-established blockchain infrastructure provider, which is gearing up for the launch of its highly anticipated Neura blockchain.

On the other hand, Kangamoon, a rising star in the meme crypto world has experienced immense success with its presale, having already raised more than $2.87 million in its fourth stage.

Neura Blockchain set to redefine AI, Cloud Computing, and Web3

The highly anticipated Neura blockchain is poised to revolutionize several sectors, including AI, Cloud Computing, and Web3.

With Neura, Ankr aims to offer a robust infrastructure for AI startups, providing them with decentralized GPU resources, crypto-based crowdfunding, and on-chain AI operations.

By integrating cloud computing, artificial intelligence, and Web3 technologies, Neura aims to transform how AI organizations deploy, train, and operate on the blockchain.

Chandler Song, Ankr’s Co-Founder, and CEO, in a communication shared with a leading media outlet, expressed excitement about the forthcoming launch, emphasizing the significance of the convergence of Web3 and AI.

Kangamoon gains traction for integrating SocialFi and P2E

As Ankr prepares to launch its revolutionizing Neura Blockchain, Kangamoon, a new memecoin project, is making waves in the crypto community with its presale.

Kangamoon positions itself as the next top meme coin, fostering a strong community of meme enthusiasts while integrating SocialFi and Play-to-Earn (P2E) elements.

The Kangamoon roadmap outlines the project’s ambitious plans, divided into several phases. These include launching the Kangamoon P2E Arcade, announcing the in-game rewards structure, and eventually listing the token on top Centralized Exchanges (CEX).

The presale, currently in Stage 4, offers a 10% bonus on all purchases, with 38.5% of the tokens already sold. The current presale price for $KANG tokens stands at $0.014 per token, making it an attractive opportunity for investors looking to get involved early in the project.

As Kangamoon continues to gain traction and the presale progresses, it is evident that the project is well on its way to achieving its goals of building a vibrant community and redefining the meme coin landscape.

Conclusion

As Ankr prepares to unveil its Neura blockchain and Kangamoon’s presale gains momentum, both projects are poised to make significant contributions to the blockchain and cryptocurrency space.

With their innovative approaches and ambitious goals, Ankr and Kangamoon are set to usher in a new era of technological advancement and community-driven growth.

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• US DOJ has hit KuCoin and two founders with money laundering charges.
• KCS price fell sharply after the news.

The US Justice Department has charged KuCoin and two co-founders of the crypto exchange for operating “an unlicensed money transmitting business and for Bank Secrecy Act violations.

An announcement the US released on Tuesday, March 26 indicated the US had charged Chun Gan and Ke Tang for flouting US anti-money laundering laws as they sought to grow the exchange into one of the largest in the world today.

“As today’s Indictment alleges, KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of U.S. users were trading on KuCoin’s platform,” US Attorney Damian Williams said in a press release.

Williams added”

“KuCoin allegedly took advantage of its sizeable US customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges, with billions of dollars of daily trades and trillions of dollars of annual trade volume.”

As well as the DOJ’s criminal charges, KuCoin has also been sued by the US Commodity Futures Trading Commission (CFTC).

The CFTC says KuCoin has operated an illegal crypto derivatives trading platform. Per the filing, the exchange allegedly offered commodity futures and swaps among other commodity related services without the approval of the commission.

KuCoin is the latest crypto exchange to face charges in the US, with Binance agreeing a $4.3 billion settlement for related violations. Former Binance CEO Changpeng Zhao stepped down as part of the agreement. He pleaded guilty to charges and will be sentenced on April 30.

KuCoin price

Following today’s news, the price of KCS, the native KuCoin token, plummeted sharply. At the time of writing, KCS traded at $12.6, falling from highs of $14.50.

KuCoin posted on X shortly after the news release, assuring users that all assets were safe.

#KuCoin is operating well, and the assets of our users are absolutely safe. We are aware of the related reports and are currently investigating the details through our lawyers. KuCoin respect the laws and regulations of various countries and strictly adheres to compliance…

— KuCoin (@kucoincom) March 26, 2024

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• Portugal data regulator CNPD has asked Worldcoin to halt activities for 90 days.
• Worldcoin also recently received a similar order in Spain.

Worldcoin is in the news again, this time due to regulatory orders in Portugal.

On March 26, Reuters reported that Portugal’s data regulator CNPD had ordered Worldcoin to halt all activity related to collection of biometric data in the country.

The AI related project, co-founded by OpenAI CEO Sam Altman, should not collect any data for the next 90 days, CNPD ordered, with the move pegged on privacy concerns that have plagued Worldcoin’s operations in several countries since its launch in July 2023.

Worldcoin data collection raises concerns

According to Reuters, the crackdown on Worldcoin in Portugal relates to concerns over high risk to collected data, which stands at over 300,000 people across the country.

Amid the need for data protection, the regulator also cited multiple complaints filed in February alleging unauthorised data collection from minors.

There are also concerns that the project, which requires people to scan their iris for a digital ID and the native crypto WLD, does not provide adequate information to those that join the project. It’s also not possible for people to withdraw consent, the regulator noted.

Portugal’s move comes weeks after Spain also halted Worldcoin’s activities in the country for three months. The project has also faced hurdles in the UK, France and Kenya, which suspended all Worldcoin activities last August.

WLD price

Despite today’s news, WLD price traded higher. The token’s value reached highs of $9.43 as Bitcoin rose to above $71k. At the time of writing, WLD traded at around $8.83, up more than 12% in the past week.

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• SolvBTC will catalyse further growth for the burgeoning Bitcoin DeFi ecosystem, Solv said in a press release.
• Initial launch will be across Ethereum, Arbitrum, BNB Chain and Merlin Chain.

Solv, an on-chain fund platform that offers native yield strategies across the blockchain ecosystem, has launched the first yield-bearing BTC token.

SolvBTC is an omnichain yield-bearing token that benefits from a diverse delta-neutral portfolio and will provide BTC-based yield of between 5-10%.

Solv, which provides asset-yield for over 35,000 DeFi users, shared the news in a press release shared with CoinJournal on Tuesday.

SolvBTC to boost Bitcoin DeFi ecosystem

The new BTC-based token provides both exposure to Bitcoin as well as the benefits of holding a yield-bearing asset.

How does this work?

According to Solv, the omnichain token taps into a secure Trading Strategy Vault, with delta-neutral strategies executed across top DeFi protocols like GMX, Curve, and Aave.

SolvBTC integrates into DeFi protocols to allow for the creation of new unique products around it, with more upside for yield possible.

The team at Solv believes SolvBTC will help transform the Bitcoin ecosystem. Specifically, it’s now possible for BTC worth billions of dollars to explore opportunities in the DeFi space.

SolvBTC will initially go live on Ethereum, Arbitrum, BNB Chain, and Merlin Chain.

Future expansions are targeted across the blockchain ecosystem as the protocol looks to unlock earn opportunities for native yield for more users. Solv says its users have earned more than $6.7 million in real yield so far.

As part of its plans to boost adoption and expand Bitcoin DeFi, Solv will launch a rewards system where early SolvBTC users earn points.

Solv, which is also backed by Binance Labs, raised $6 million in a funding round led by Nomura in August last year.

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