Kategorie: Crypto Markets

• At press time, Render Token (RNDR) was trading at $2.66, up 7.73% in the last 24 hours.
• The price of RNDR has increased by 42.49% over the last seven days.
• Render recently released a new Render Network Foundation website.

Render Token has been in the limelight in the past month and mainly in the last two weeks because of the rising RNDR price.

There has been a lot going on around the distributed GPU rendering network built on top of the Ethereum blockchain as it aims to connect more artists and studios in need of GPU computing power with mining partners willing to rent their GPU capabilities out.

Why is the Render Token price surging?

There are several Render Token news responsible for the current RNDR bullish trend.

The most recent announcement was made on May 22  and it was announcing revisions to the C4D plugin for Octane that includes a brand new feature, an ORBX export command tailored exclusively for RNDR Jobs, available through the live viewer. The announcement resulted in a 6% RNDR price surge.

The other crypto news about Render Network was on May 19, when Render launched its new Render Network Foundation website featuring an all-new community hub for The Render Network, including art showcases from some of the amazing creators in the Render Network community.

The new website provides a simple, easy way to find information about the Render Network. Users can access the Artist portal, Knowledge Base, information about participating in Render Network Governance, and links to Render Network’s social sub-communities.

The post Here’s why Render Token (RNDR) price is rising appeared first on CoinJournal.

• Rakkar Digital is a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong.
• Rakkar Digital has obtained TSCP License in Hong Kong.
• Rakkar Digital launched custodian services immediately after receiving the license.

Rakkar Digital has announced the launch of Rakkar Digital Asset Custodian, powered by Fireblocks’ MPC-CMP direct custody technology. Fireblocks, Collider and MarketAcross hosted a Web3 startups event at the beginning of the year.

The announcement comes right on the heels of Rakkar Digital obtaining a Trust or Company Service Provider (TCSP) Licence in Hong Kong. The company completed a $10 million seed funding investment in June 2022 by SCB 10X, the venture capital arm of Siam Commercial Bank.

Rakkar Digital Asset Custodian services

Rakkar Digital addresses the vulnerability to cyber threats within the digital asset industry as the industry grows by providing institutional-grade qualified custodian services to its clients.

As a TCSP licensee, Rakkar Digital must comply with Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). This ensures that due diligence requirements are met, and proper safeguards are in place to prevent money laundering or terrorist financing activities.

Commenting on the development, Arthit Sriumporn, founder and CEO of Rakkar Digital, said:

“From day one, we had a strong passion to build reliable infrastructure for the industry. We have come a long way with the launch of our institutional-grade qualified custodian services. We will continue to improve our products and services based on our core values: trust, security and authenticity. These milestones demonstrate our commitment to providing secure and reliable digital asset custodian services to institutional clients in the region.”

The Rakkar Digital Asset Custodian is built on cutting-edge technology and robust security measures with Fireblocks’ ultra-secure MPC-CMP technology, and hardware isolation enabling multi-layer security while maintaining flexibility.

The post Rakkar Digital obtains TSCP License in Hong Kong, launches custodian services appeared first on CoinJournal.

• bemo says DWF Labs will be the first liquidity provider to stake TON.
• TON holders will deposit TON on bemo and receive staked TON (stTON).
• Users can start staking with as low as 1 TON.

bemo, one of the leading decentralised finance (DeFi) platforms and liquid staking provider, has announced the launch of the first ever liquid staking protocol on the The Open Network (TON) blockchain.

The launch follows a partnership between the DeFi platform and DWF Labs, a leading digital assets market maker and top Web3 investment firm.

TON liquid staking- how it works

According to details on the bemo website, TON holders can earn passively from their tokens when they deposit TON on bemo. In return, they receive staked TON (stTON) that can be transferred or traded or put to work in the DeFi ecosystem.

Users can start staking with as low as 1 TON, which is significantly lower compared to the widely required minimum stake of 10,000 TONs on other platforms.

DWF Labs becomes first LP to stake TON

bemo noted that liquid staking services are witnessing rising investor interest as the DeFi ecosystem expands. 

Per details the bemo team shared with CoinJournal, the partnership with DWF Labs demonstrates both the commitment the teams have towards developing the TON ecosystem and the massive investment potential TON offers.

As part of its growth plans, bemo is eyeing more institutional investors and private clients. It aims to reach $100 million in TVL by the end of the year. 

Major rivals in the growing liquid staking environment are Lido (stETH), Coinbase Wrapped Staked Ether (CBETH) and Rocket Pool (rETH). The platforms each account for more than $1 billion worth of staked coins.

DWF Labs becomes the first liquidity provider to stake the Toncoin (TON) tokens on the TON network, the announcement stated.

The post bemo launches first liquid staking protocol on TON blockchain appeared first on CoinJournal.

• VRA was trending with nearly 3 million tweets on Tuesday morning, top trending on CT ahead of Render (RNDR), Pepe (PEPE) and XRP(XRP).
• Verasity (VRA) is a blockchain-based platform seeking to revolutionise the video ads industry.
• The price of VRA was up 3% at the time of writing, trading around $0.0044.

Verasity (VRA) price has increased by about 3% in the past 24 hours as bulls look to push it to above $0.004. Trading volumes have jumped 28% in the same period as demand sees over $5.6 million worth of VRA traded across exchanges.

VRA, an altcoin with a circulating supply of 10 billion tokens, is currently valued at a market cap of $45.6 million.

But as Verasity price looks to test resistance at key levels, it is notable that the coin remains more than 94% down from its all-time highs above $0.086 reached in November 2021. The question is whether bulls can ride current sentiment to target recent highs of $0.008.

VRA trends with nearly 3 million tweets

Verasity, a blockchain-based platform that aims to revolutionise the video industry by solving the problems of ad fraud, low engagement, and lack of transparency, went ballistic on Twitter on Monday as the VRA token trended with record tweets.

While no major news or event was seemingly the catalyst, sentiment continued until VRA was trending with nearly 3 million tweets as of 3 am ET on Tuesday. VRA was the top trending cryptocurrency on CT ahead of Render (RNDR), Pepe (PEPE) and XRP(XRP). 

Here is one observation of the hot VRA streak on Twitter today:

👀 $VRA is trending 🔥🔥🚀🚀🚀nearly to 3M #Verasity #PoV #VRA #adfraud@verasitytech @Vera_Views pic.twitter.com/SaHdDUGTeX

— CryptoAnalyst 🥇 (@RakeshLovesY) May 23, 2023

Part of the excitement is Verasity’s growing impact on the ads market, with the platform featured in a Binance Research article that highlighted its artificial intelligence and machine learning powered capabilities. 

As CoinJournal highlighted in this article, Verasity wants to power the future of advertising.

The platform offers its patented Proof-of-View (PoV) technology to companies where a combination of artificial intelligence (AI), blockchain, and gaming mechanics helps ensure fraud-free ad views. This is because advertisers want to reward genuine viewers for their attention via the Watch and Earn feature, and VeraViews offers that.

4/14) Our AI & ML based systems give #VeraViews the ability to detect bots & anomalies at scale. 🤖

These technologies can analyse large amounts of advertising campaign data and identify patterns & behaviours that are abnormal, giving vastly more accurate campaign statistics…

— Verasity (@verasitytech) May 22, 2023

And with partnerships looking to take the VRA use cases across other ecosystems such as the metaverse and NFTs, the jump in Verasity demand is beginning to tell. Activity can also be seen in the number of Twitter following, which currently stands at over 295k.

Verasity price: can bulls take advantage?

VRA price has found it difficult to break from an increasingly tight range after falling from highs of $0.008 in April. The token is near oversold territory after a recent pullback and retest.

As can be seen on the daily chart, VRA/USD has bounced off a long term support level at $0.0043. If bulls take advantage of current sentiment and push higher, we can see VRA price target a previous resistance turned support line at $0.0050. The 50 and 100 day moving averages provide next hurdles at $0.0058 and $0.0064.

On the downside, the price of Verasity could continue towards the primary support zone at $0.0035. Further losses from here could see sellers target $0.0021, which would mean declines of 50% or more from current price levels.

The post Verasity price: can bulls capitalise as VRA hits nearly 3M tweets? appeared first on CoinJournal.

• Litecoin, Avalanche see inflows even as crypto outflows hit 5th consecutive week
• Bitcoin represented most of the negative sentiment with $33 million worth of outflows.
• Germany lead in terms of regions with 73% of the total outflows.

Litecoin and Avalanche recorded some investment products inflows last week, defying sentiment across the broader crypto investment products market.

Indeed, the inflows into exchange traded funds and other products for LTC and AVAX mirrored a broader outlook for altcoins – except for Ethereum which recorded $1 million in outflows. Avalanche and Litecoin saw $0.7 million and $0.3 million respectively.

Elsewhere, Blockchain equity ETFs accounted for minor outflows of $2 million to see the second consecutive week of negativity.

Bitcoin sees $33 million in outflows

According to data from digital assets manager CoinShares, digital asset investment products saw outflows totaling $32 million for the week ending May 19. This represented the fifth consecutive week of outflows, with the total outflows over the past five weeks rising to $232 million, or 0.7% of total assets under management.

Volumes for the week were also down, totaling $900 million, or roughly 40% below 2023 average. Data shows volumes for the broader market across the leading trusted exchanges fell to their lowest level of $20 billion last week. It is the worst week in terms of volume since late-2020. As CoinJournal reported here, crypto volumes have dried up in recent months as prices struggled with sell-off fears.

The outflows in Bitcoin of $33 million represented most of the negative sentiment, CoinShares data showed. This has been the trend over the last five weeks and was also replicated across short-bitcoin products.

Per CoinShares, short bitcoin products saw minor outflows of $1.3 million for the week. The total outflows for short BTC investment products now total $235 million for the last five weeks.

Germany dominated last week’s outflows

Regionally, Germany dominated the outflows, totaling $24 million, accounting for 73% of total weekly outflows. The US and Switzerland followed with $5 million and $3.3 million respectively. Meanwhile, Brazil and Canada saw minor inflows of $1.3 million and $2.2 million.

The post Investors eye Litecoin and Avalanche as Bitcoin leads outflows appeared first on CoinJournal.