Kategorie: Crypto Markets

• Newscrypto Coin (NWC) price has seen a slight decline today, trading near $0.12 after giving up gains from highs of $0.18  on 14 April 2023.
• Crypto analyst says the token could break higher and rally 100% or more over coming months.
• NWC reached its all-time high of $2.22 in May 2021.

Newscrypto Coin (NWC) traded at around $0.12 on Friday morning, with a 24-hour price return of about -2% at the time of writing. 

The daily trading volume was around $1.4 million in 24 hours, representing an increase of about 8% as selling pressure pushed the price of the altcoin down. The Newscrypto Coin, whose market cap currently stands at $18.5 million, traded at lows of $0.05 in early April.

Newscrypto Coin price prediction: analysts highlights NWC breakout

Newscrypto Coin (NWC), which reached its highest price of $2.22 on 3 May, 2021, had been one of the best performers in the last month as it rose to $0.18 on 14 April 2023.

But while the token’s value remains over 128% up in the past month, the latest dip in prices across the markets has seen it pare some of the gains over the past week to just +8%. NWC price is down nearly 28% in the past two weeks.

So what’s the Newscrypto Coin price prediction over the short term?

According to popular crypto analyst Rekt Capital, NWC tokens can trade higher if a breakout happens above a downtrending channel that is potentially forming on the monthly chart.

“First signs of a Downtrending Channel forming,” he tweeted. “A breakout could see NWC rally +100% to major resistance (red) over time.”

The potential catalyst for a new uptrend for Newscrypto Coin is the fact that a significant amount of the total supply of NWC tokens will remain locked until 2028.

At current prices, Newscrypto Coin price is over 776% up since its all-time lows of $0.01 reached in mid-November 2019. Bulls could add to these gains if a breakout pushes the price to $0.35 as per Rekt Capital’s prediction.

$NWC / USDT – #NWC #NewsCrypto

First signs of a Downtrending Channel forming

A breakout could see NWC rally +100% to major resistance (red) over time

NWC tokens are locked in the team wallet until 2028 which may act as a catalyst for an eventual uptrend#BTC #Crypto #Bitcoin pic.twitter.com/3V6j2ptF2G

— Rekt Capital (@rektcapital) April 28, 2023

The analyst suggests in the above chart that the primary support level for NWC/USD could be near $0.05.

The post Newscrypto Coin price prediction: NWC looking at potential 100% rally appeared first on CoinJournal.

Key takeaways

• Findora has launched its Triple Masking ZK SDK solution.

• The solution empowers developers to integrate ZK privacy features into their dApps. 

• With Findora Triple Masking ZK SDK, developers can ensure their users enjoy privacy and convenience. 

Findora’s Triple Masking ZK SDK

Findora, an innovative Layer-1 blockchain, has announced the launch of the Findora Triple Masking SDK, a universal privacy-preserving solution set for Web3.

In a press release shared with Coinjournal, the team said the Findora Triple Masking SDK gives developers a simple way to integrate zero-knowledge proofs into their decentralised applications. 

Thanks to the launch of this product, users can conduct private transactions that remain auditable, with multiple options for what information is masked or remains transparent. The Findora Triple Masking SDK provides simple, plug-and-play privacy for every Web3 dApp, the team added. 

While commenting on this latest cryptocurrency news,  Sam Harrison, CEO of Discreet Labs, said;

“Triple Masking fulfills a promise that blockchain technology made years ago: your financial status, your financial future, is no longer in the hands of some unknown, so-called “trusted” third party. It’s in your hands. This SDK simplifies the developer experience of implementing complicated zk-proofs, which in turn enables more decentralized applications to offer the benefits of these zk-proofs to their users.” 

He added that he is excited to see the choices developers can offer their users that would ensure that they enjoy both convenience and privacy. 

Findora empowers dApps to be ZK-enabled 

The Findora team added that the Masking SDK is a privacy-focused asset transfer solution supported on the Findora Network that provides full-privacy protection and anonymity for transactions rather than simple pseudonymity. 

The solution makes it possible for developers to make their dApps ZK-enabled, with optional transaction privacy at three levels. Users will have the option to mask the wallet addresses of the sender and receiver, the type of assets involved, and the amount sent. 

Furthermore, transactions carried out using the Findora  Triple Masking ZK SDK will remain auditable to ensure compliance with regulatory entities. 

Harrison added that;

“Triple Masking is more than simply encrypting information. We are also offering the ability to trace assets in a way that complies with existing regulations and analysis tools. This way, Triple Masking solves both the privacy AND compliance requirements of a professional institution.”

The Findora team said its compatibility with the secp256k1 curve would enable common EVM wallets, such as MetaMask, to sign a transaction.

Findora is a public blockchain with programmable privacy. Findora utilises the latest breakthroughs in zero-knowledge proofs and multi-party computation, to allow users transactional privacy with selective auditability. 

The post Findora launches its Triple Masking ZK SDK to boost privacy and auditability for dApps appeared first on CoinJournal.

• Japan’s financial authorities had issued a warning that Binance was operating in the country without permission.
• Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022.
• Existing services on SEBC will be terminated for new service under the provisional name “Binance Japan” to be issued.

As Binance continues to expand its business in Asia, it is set to begin operations in Japan in June according to a notice published by the exchange on Friday.

At the moment, Binance is the largest cryptocurrency exchange in the world by market capitalization even after the recent crackdown on its US arm, Binance.US, by authorities in the United States. It is set to use the recently acquired Japanese crypto exchange called Sakura Exchange BitCoin (SEBC) to offer crypto services in the Japanese market.

Launch of Binance Japan

Binance has been working to restructure the SEBC exchange and the existing services on SEBC are scheduled for termination on May 31, 2023, after which the exchange will be renamed “Binance Japan.”

The new Binance Japan is scheduled to start operations after June 2023 according to the notice issued by the Japanese branch of Binance.

Listing cryptocurrencies on crypto exchanges in Japan requires vetting by the Japan Virtual Currency Exchange Association and the SEBC exchange currently supports 11 cryptocurrency trading pairs.

Japan’s crypto exchanges regulations

Japan has a high regulatory standard for crypto exchanges which requires the segregation of customer and exchange assets. The regulations also require that most of an exchange’s assets be kept in cold wallets and customers’ fiat funds to be kept by a Japanese trust company or bank trust.

In 2021, Japan’s financial authorities issued a warning that Binance was operating in the country without permission prompting Binance to look for a local cryptocurrency exchange. With the complete rebranding of the SEBC, Binance will gain full regulatory status in Japan.

The post Binance set to begin operations in Japan in two months’ time appeared first on CoinJournal.

• PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain.
• PancakeSwap (CAKE) has dropped by 21% over the last seven days.
• The DEX’s core team introduced a proposal to reduce the token’s inflation rate to 3-5%.

PancakeSwap’s native token, CAKE, has declined by about 21% in the last seven days and 27% in the last 14 days despite PancakeSwap’s core team introducing a proposal to reduce the token’s inflation rate to 3-5% from the current rates above 20%.

While the crypto market suffered from the recent bear market across the board, the CAKE token was expected to ride on the proposed inflation-reducing proposal rather than drop. On the contrary, the token has been dropping as stakers move out in numbers.

At press time, CAKE was trading at $2.66, up 1.6% over the last 24 hours.

Reducing PancakeSwap token inflation rate

PancakeSwap recently forked Uniswap V3’s code and launched its version on Aptos and Ethereum. The project’s core team has also introduced a proposal to reduce the native token’s inflation rate to 3-5% from the current rates above 20%.

If the proposal is passed, it will see the amount of tokens that stakers earn lowered something that could be the reason behind the recent exodus of stakers from PancakeSwap.

But why should the team suggest a proposal that is detrimental to the project’s ecosystem? Well, the proposal reads:

“Current inflation rates are unsustainable for CAKE over the long term, and reductions are required for the long-term health of PancakeSwap.”

Voting on the proposal already began on April 26 and it is scheduled to end today April 28. So far, the numbers show that the community is in support of the aggressive proposal. 55.43% have voted for the proposal compared to only 8.10% who have voted against the proposal although the voting process is still open.

The post CAKE down 21% as PancakeSwap mulls slashing staking rewards appeared first on CoinJournal.

• Bit4You is Belgium’s first and only crypto asset lending platform.
• The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent.
• The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia.

In cryptocurrency news today, Bit4You, the first Belgium-based cryptocurrency lending platform,has announced its suspending its activities.

The crypto assets exchange made the announcement in a notice to clients and the community late Wednesday. According to the platform, the decision to halt operations came after it had learned that CoinLoan, its main provider, no longer had the required registration to operate as a virtual currency provider in Estonia.

As reported by Reuters on Thursday, an Estonian court declared CoinLoan insolvent on Monday, 24 April, 2023

Bit4You says its immediate suspension of activities is one of several steps it is taking as it tries to understand the whole situation. 

However, the crypto lender says it has no reason to believe that the cryptocurrencies the custody provider held on behalf of its customers cannot be recovered.

The post Belgian crypto lender Bit4You suspends its activities appeared first on CoinJournal.