Kategorie: Crypto Markets

Key takeaways

• Dogecoin broke the $0.10 resistance level on Wednesday following a 20% rally over the last seven days.

• Memeinator has raised more than $1.7 million ahead of its stage-8 presale.

Dogecoin has been one of the best performers so far this week and recently hit the $0.1 resistance level. Meanwhile, the Memeinator presale has now surpassed the $1.7 million mark ahead of its eighth stage. 

Dogecoin and Bitcoin rally higher

Bitcoin and altcoins have been performing well since the start of the week. BTC has added more than 15% to its value over the last seven days. At press time, the price of Bitcoin stands at $43,457  per coin. 

Memecoins including Dogecoin have also been rallying. DOGE touched the $0.105 level on Wednesday after rallying by nearly 20% in the last seven days. It has slightly retraced and now trades around the $0.967 mark. 

What is Memeinator?

Memeinator is a Web3 project that aims to help content creators generate better content. It will achieve this by changing how people change and use memes. The project intends to leverage the hype around meme coins by providing users with numerous use cases.

The project will target and destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

What makes Memeinator interesting is that it is a meme token that offers real-world utility to users. According to the whitepaper, Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them.

The development team have rolled out various strategies that would help Memeinator become a billion-dollar market cap project. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

The Memeinator presale is currently in its seventh stage and has raised more than $1.7 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

Memeinator’s presale raises over $1.7 million

The Memeinator presale continues to attract more investors and its seventh stage is close to an end. The team has raised more than $1.7 million of its $1.8 million target in the current presale stage. 

Memeinator’s MMTR token can be purchased using ETH, USDT and USDC stablecoins. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. 

Purchasing the MMTR token is easy as it involves connecting any of the supported wallets to the Memeinator website and buying the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale attracting more investors?

The Memeinator presale continues to attract more investors thanks to its value proposition. the project offers real-world utility to users and its MMTR token will power several activities on the platform. 

Memeinator is a project that could find massive utility amongst degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The project’s AI technology will allow users to analyze and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

MMTR token holders will enjoy numerous incentives thanks to its excellent features. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Is the Memeinator a good buy? 

The project has potential and could become one of the leading meme coins in the cryptocurrency market. With the right level of adoption, Memeinator could reach its billion-dollar market cap in the coming years. 

This project will be leveraging AI and blockchain technology to provide excellent value to investors over the coming months and years. At the moment, its MMTR token is still in presale and could record a massive value increase once it gets listed on cryptocurrency exchanges.

The post Dogecoin hits $0.1: Is the memecoin season finally here? appeared first on CoinJournal.

• BiMEX is partnering with crypto options platform PowerTrade to explore and offer new trading products to professional traders.
• The strategic partnership is backed by Ascend Ventures, Pantera Capital, Ledger Prime and QCP Capital.

Crypto derivatives exchange BitMEX has announced a strategic partnership with PowerTrade, a crypto options platform backed by Ascend Ventures, Pantera Capital, Ledger Prime and QCP Capital.

The collaboration between the two platforms seeks to explore and bring to the market new products for professional traders. The integration with PowerTrade sees BitMEX expand its portfolio as it focuses on further innovation to elevate the trading experiences of its users.

Commenting on the partnership, Stephan Lutz, CEO at BitMEX, said:

“The strategic partnership with PowerTrade exemplifies our ambition to offer crypto traders the most profitable opportunities on the safest and most reliable trading platform in the market. We recognise the dynamics and competitive nature of the market, and we hope to set new standards for the future of crypto trading.”

BitMEX’s latest effort comes amid a growing demand for new derivatives products from professional traders. Currently, traders can access more than 100 derivatives contracts on the platform, and spot trading is available for 11 major pairs.

Its latest listing is for Fantom, with a perpetual swap of the layer one smart contract platform’s FTM set for listing on December 7, 2023. 

$FTM fans listen up because @FantomFDN is coming to BitMEX tomorrow, along with 10x leverage. For the lowdown on the latest listing, read on. 👇https://t.co/42NWxd5v2n

— BitMEX (@BitMEX) December 6, 2023

According to details on the BitMEX website, FTM/USD Perpetual Swap will list with up to 10x leverage.

The post BitMEX partners with PowerTrade for new crypto trading products appeared first on CoinJournal.

• Coinbase will allow users to send money globally via popular messaging apps like WhatsApp, iMessage, and Telegram.
• The transactions are instant and free, breaking down geographical barriers.
• To facilitate these transfers, both the sender and receiver need the Coinbase Wallet.

Cryptocurrency exchange giant Coinbase yesterday rolled out a groundbreaking service, allowing users to send money globally through well-known messaging and social media platforms.

The move aims to provide greater utility to its digital wallet and attract new users amidst a thriving crypto market.

Global money transfers using messaging apps

Coinbase now enables customers to send money globally through widely used messaging apps such as WhatsApp, iMessage, and Telegram. This move allows for seamless transactions, breaking down geographical barriers.

Users can send money to recipients in different countries, and the settlement of transfers is both instant and free of charge.

Coinbase emphasizes the simplicity of the process, stating that all that’s needed is the Coinbase Wallet, which is available for download on both Apple and Android app stores. If the receiver lacks the Coinbase Wallet, they will be prompted to download it, ensuring a smooth experience for both parties involved.

Coinbase’s growth amidst crypto boom

The introduction of this new service aligns with Coinbase’s efforts to make cryptocurrency transactions more accessible and attractive. As cryptocurrency prices, especially Bitcoin, surge, Coinbase’s share price has reflected this positive momentum, witnessing a remarkable 290% increase this year. The company’s shares, currently trading above $141, showcase its resilience and growth.

Coinbase’s success is also attributed to a reduced regulatory burden, with fewer battles against entities like the Securities and Exchange Commission. Additionally, traditional finance players like BlackRock express interest in a spot Bitcoin ETF, signalling the growing institutional acceptance of cryptocurrencies.

This strategic move positions Coinbase as a key player in the evolving landscape of digital finance, providing users with a convenient and efficient means of transferring money globally through familiar communication channels.

The post Coinbase unveils global, instant money transfers via popular messaging and social platforms appeared first on CoinJournal.

• Do Kwon appeals his extradition decision.
• Kwon’s legal battle began on June 15 with a six-month detention for extradition.
• The High Court recently approved requests from South Korea and the United States.

In some breaking crypto news, Terraform Labs co-founder, Do Kwon, has officially lodged an appeal against the recent extradition decision by the Montenegrin High Court.

This move introduces a new layer of uncertainty into the resolution timeline, challenging the Montenegrin Ministry of Justice to make a final decision before the looming deadline of December 15.

Do Kwon legal battle

On December 6, the Montenegrin Court of Appeal confirmed that Do Kwon submitted an appeal, expressing his refusal to accept the court’s decision to extradite him, as reported by local media. This appeal triggers a mandatory reexamination of the extradition ruling, placing the resolution timeline in question.

The legal saga began on June 15 when Kwon was initially detained for extradition for six months, with the Montenegral High Court approving the extradition requests from both South Korea and the United States just two weeks ago. The lack of specification in the decision as to whether Kwon would be extradited to Korea or the United States adds complexity, leaving the final determination to the Montenegrin Minister of Justice.

Despite Kwon’s expressed desire to be extradited to Korea, local observers in Montenegro are sceptical about the chances of overturning the decision. There’s a prevailing belief among Montenegrin officials that Kwon’s continued detention draws undue attention.

What next for Do Kwon?

The Montenegrin Court of Appeal’s forthcoming decision on the extradition appeal will be closely watched, holding the key to Do Kwon’s potential extradition destination—either Korea or the United States.

The appeal introduces uncertainty into the timeline, making it challenging for the Montenegrin Ministry of Justice to finalize a decision before the set deadline of December 15.

The situation remains fluid, and the legal community anxiously anticipates the resolution of this high-profile extradition case.

The post Terra founder Do Kwon appeals against extradition to South Korea and the US appeared first on CoinJournal.

• Binance abruptly halts AEUR trading.
• The euro-pegged stablecoin experienced an extraordinary 200% surge just one day after its listing.
• AEUR is supposedly backed by euro fiat assets.

Binance has abruptly halted trading on the AEUR stablecoin, pegged to the euro, as its value soared over 200%.

The unexpected surge on December 5 raised concerns, leading to a swift response from the exchange. This incident sheds light on the risks associated with stablecoins, particularly those with lower market caps and liquidity.

AEUR’s rollercoaster ride 

The AEUR stablecoin, pegged to the euro at 1:1, witnessed an unprecedented surge of over 200% on Binance, just a day after its listing. Initially trading around $1.08, mirroring the prevailing EUR-USD rate, the token’s value skyrocketed to $3.25 at 17:45 UTC.

Binance promptly suspended trading due to “abnormal volatility,” indicating concerns about the stability of the coin.

#Binance has suspended trading of $AEUR due to abnormal volatility.

Thanks for your patience and our team is working towards reopening trading soon.https://t.co/F80OVDG1qk

— Binance (@binance) December 5, 2023

What is AEUR stablecoin?

AEUR is issued by Anchored Coins, a Switzerland-based subsidiary owned by Singaporean investor Calvin Cheng. Touted to be backed by euro fiat assets, the stablecoin boasts a $5 million market capitalization.

However, its sudden surge and subsequent trading halt underscore potential vulnerabilities. The coin’s lower market cap and limited liquidity create an environment where de-pegging and manipulation risks are heightened.

This unexpected incident on Binance serves as a stark reminder that stability challenges can afflict even seemingly secure stablecoins.

The post Binance halts AEUR stablecoin trading after a 200% surge days after listing appeared first on CoinJournal.