Kategorie: Crypto Markets

• CryptoUnity is a cryptocurrency exchange that seeks to make it easier for beginners to navigate the crypto ecosystem.

• The exchange doesn’t hold its users’ funds but stores them with an independent, highly regulated custodian. 

• The comprehensive research and educational resource section empowers users to learn more about cryptocurrencies. 

CryptoUnity is targeting beginners in the ecosystem

CryptoUnity is a Slovenian start-up that is building a beginner-focused crypto exchange. The cryptocurrency exchange seeks to close the gap for beginners in the ecosystem.

The user-friendly interface and comprehensive educational resources on CryptoUnity are designed to make the world of cryptocurrency more accessible and less intimidating to beginners. 

In addition to its user-friendly nature, CryptoUnity is also focusing on the safety aspect of crypto. The crypto exchange has implemented the cold wallet with an NFC card, providing its users with a secure way of storing funds.

Its partnership with Lenovo, one of the leading tech companies in the world, also serves as a positive for the company. 

The crypto space is all about transparency, and CryptoUnity also pays attention to that. So far, CryptoUnity has passed audits by QuilAudits and CertiK. The project received a CertiK KYC Gold badge (meaning that the entire core team provided the highest amount of verifiable background information, demonstrating a very high level of transparency and accountability).

The CUT token powers the CryptoUnity ecosystem

CUT is the utility token that powers the CryptoUnity ecosystem. The token has a total supply of one million and provides holders with many different benefits and utility cases on the CryptoUnity platform. 

Besides profiting from lower fees and other loyalty programs, users can leverage CUT to access further education and secure a spot in other legitimate ICO presales. With the development of the platform, additional utility cases are expected.

Holders of the token also get to enjoy other benefits, including airdrops, holder rewards, and advantages on giveaways. 

Perhaps the best part of CryptoUnity is its platform. The CryptoUnity platform combines all of the necessary tools and resources for easy trading, safe storage, and education.

The platform has various sections, including;

• A portfolio, where the user can keep track of his funds and base price.

• A cold wallet with an NFC card.

• CryptoUnity Workshops: the educational part of the platform

• CryptoUnity Research: where reviewed potential ICOs will be published, and 

• Physical traveling exchanges.

CryptoUnity claims it is one of the first centralised exchanges that doesn’t hold their users’ funds. The funds are securely stored with an independent, highly regulated custodian, meaning that those funds are completely separated from those of the project and can, therefore, not be manipulated or influenced by the company’s operations or potential financial challenges. 

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• Funds withdrawals by Celsius custody account holders started on March 2.
• The withdrawals are opening about 8 months after the crypto lender filed for bankruptcy in June last year.
• The withdrawals were reopened for “Distributable assets in certain Custody Accounts.”

Eight months after filing for Chapter 11 bankruptcy in the US, bankrupt crypto lender Celsius Network has finally allowed custody account holders to start withdrawing some of their assets. This comes a month after Celsius published a list of customers eligible for withdrawals.

It all started at the beginning of December 2022 after Celsius was ordered by a US Bankruptcy Judge to return cryptocurrencies worth about $44 million to its custody program customers. This was followed by another ruling that allowed Celsius to auction some of its assets including the Celsius retail platform and mining business.

Towards the end of January 2023, Celsius received another approval from the US bankruptcy court allowing it to return funds transferred to the platform after the company filed for Chapter 11 bankruptcy in July 2022. At the same time, the crypto lender also got approval to go ahead with its planned Flare token airdrop to eligible holders of Ripple (XRP) on the platform.

Withdrawals started on March 2

Celsius on March 2 shared a tweet stating that it was reopening withdrawals for “Distributable Assets in certain Custody Accounts.”

The crypto lender then went ahead to add that “Eligible Users are being notified of the steps needed to facilitate their withdrawals”

Eligible Users are being notified of the steps needed to facilitate their withdrawals. Users can find additional information about the withdrawal process on our FAQ blog: https://t.co/OvVJgV5GrP

— Celsius (@CelsiusNetwork) March 2, 2023

Since the withdrawals started, overjoyed customers have been sharing their withdrawal stories on Twitter and Reddit seeing that the withdrawals resumed 263 days after the company filed for bankruptcy.

As previously stated by Celsius, eligible customers are only allowed to withdraw 94% of their funds with the fate of the remaining 6% depending on the outcome of the ongoing court hearings.

The post Celsius customers begin withdrawing funds eight months after bankruptcy filing appeared first on CoinJournal.

• Sweat Economy is a web3 project that seeks to unlock the economic value of movement.
• Its Web2 Sweatcoin app has been available in the US market since 2016.
• It is set to re-launch its SWEAT token and Sweat Wallet after a previous launch was frozen.

Sweat Economy, a Web3 project seeking to unlock the economic value of movement, is planning to re-launch its Sweat Wallet application and its native token, SWEAT, in the United States later this year.

The launch is scheduled to coincide with the first anniversary of the venture’s global launch on September 12.

The Sweat Wallet

Sweat Economy operates a Web2 application called Sweatcoin app which has been available in the US market since 2016. The app rewards millions of US users with loyalty points called ‘Sweatcoins’ for the steps they make when walking.

Last year in September, Sweat Economy launched its native token called SWEAT alongside its Web3 wallet application called Sweat Wallet but it failed to pass the regulatory barriers in the US. The wallet, which currently operates in other parts of the world, has been consistently ranked top 10 Blockchain Dapps on DappRadar their Token Generation Event (TGE) in September 2022.

The US customers were however locked out of the original Token Generation Event (TGE) making them unable to receive their $SWEAT allocations or start generating new $SWEAT tokens by walking.

Distributing SWEAT tokens to US users

But that is set to change starting September 12, 2023, when US residents will be able to install the Sweat wallet application. Starting on that date, US Sweatcoin app users will receive their allocations of SWEAT in proportion to their current ‘Sweatcoin’ holdings and can start earning more SWEAT tokens for their steps right away.

Explaining the US SWEAT tokens distribution, the team emphasized that tokens will not come from additional token emissions but from existing token allocations.

Commenting on the new development, the Founder of Sweat Economy Oleg Fomenko said:

“It is a great pleasure to finally bring Sweat Wallet to the US market. Since last year, we have been inundated by requests from our US users, who have been desperate to…  literally… walk into crypto. Although we wish we could have made this announcement last year – better late than never! It’s wonderful to announce the good news to our millions of US-based users now.”

In addition to earning SWEAT tokens for walking, users will also be able to access a crypto trading facility, learn and earn, and play the Sweat Hero NFT game, all from the Sweat Wallet app.

The post Sweat Economy’s SWEAT token and Web3 wallet app set to launch in the US this year appeared first on CoinJournal.

• Silvergate Capital delayed submission of its annual 10-K report.
• JPMorgan downgraded Silvergate stock to underweight today.
• Silvergate Capital is now down 65% versus its year-to-date high.

Silvergate Capital Corp (NYSE: SI) was cut nearly in half this morning after it delayed the submission of its annual 10-K report.

What Silvergate said in its SEC filing

The crypto bank is facing an existential crisis following the FTX fiasco in early November. On Tuesday, Silvergate Capital said in a filing with the U.S. Securities and Exchange Commission (SEC):

The Company is evaluating its ability to continue as a going concern [and] is in the process of reevaluating its businesses and strategies in light of the business and regulatory challenges it currently faces.

The lender also confirmed that it had to offload more assets than expected over the past two months, which could weigh on its capital ratio. Silvergate stock is now down about 65% versus its year-to-date high.

Silvergate stock gets multiple downgrades

Also on Thursday, JPMorgan analyst Steven Alexopoulos downgraded the financial services company to “underweight” citing continued liquidity challenges.

In the backdrop of challenged environment, short-sellers appear to have contributed to a bank-run of sorts with Silvergate reporting a much greater level of deposit outflows than anticipated in Q4 and this likely continuing.

In its latest reported quarter, Silvergate Capital had $1.0 billion of loss.

Coinbase also announced today that it had stopped payments to or from the crypto bank. Analysts at Canaccord Genuity also downgraded Silvergate stock on Thursday and trimmed their price target o $9.0 a share.

The post Silvergate stock crashed 50% on Thursday: here’s why appeared first on CoinJournal.

Bitcoin, despite its fall in the last year, still remains a welcome activity for many. And the fans of online games do not lose the desire to try to earn such coins through the gameplay.

The same way you can earn bitcoin by playing online casinos like, SlotsLV, you can today also earn by playing regular web3 games, which is called “Play-to-Earn.”

It is worth noting that winnings or earnings in bitcoins can be volatile and depend on various factors, such as fluctuations in the bitcoin exchange rate, the size of the reward in the game, or other factors related to the platform. However, games that offer opportunities to earn bitcoin can be an exciting and innovative way to make money – and worth considering.

Let’s now look at the games where you can play and earn bitcoins.

Bitcoin Pop

It’s a simple yet addictive game that lets you earn bitcoins by playing an addictive puzzle game on your smartphone. It combines the classic format of the game “Bubble Shooter” with cryptocurrencies.

The players’ goal is to control a cannon that shoots colored balls at a group of others. They have to destroy them to earn points. Of course, it becomes more challenging to beat the balls with each subsequent level. Therefore, you need to stock up on logic to solve this puzzle. Each level has a limited amount of time, which means players have to be faster if they are to earn BTC.

To play, you need to connect bitcoin chips to earn bonuses and level up. You can then withdraw coins to a bitcoin wallet when you get enough points.

CryptoSkull

CryptoSkull is a gambling game where you can also earn bitcoins. This is the prototype of the classic tic-tac-toe game. But the advantage of the game is the use of cryptocurrencies.

The playing field has 9 cells. In turn, all players fill them with the corresponding symbols. This happens until one of the players wins (the rules are no different from the regular game). In this case, the winner receives a win, the amount of which depends on the size of the bet in bitcoins.

To start playing CryptoSkull, register on the site and top up your wallet.

Want to earn bitcoins with a game – try CryptoSkull. The game is an excellent option for those who love classic tic-tac-toe and want to have fun.

Fold AR

An augmented reality (AI) based game that allows users to earn bitcoins. This requires virtual paper wallets and collecting BTC. You can play on a smartphone or tablet. All you need is to use the camera to display the virtual wallets.

To collect more coins, you need to move your smartphone around the virtual wallets and tap on the screen to collect coins. For good earnings, you need to complete tasks and unlock new levels.

Fold AR is a very interesting AR game with an exciting gaming experience.

In this arcade game, you have to control the ball and bounce it off the obstacles. For good results, you will be rewarded with bitcoins. For good results, you will be rewarded with bitcoins. The game’s main goal is to collect as many bitcoins as possible without losing the ball. Want to earn more? Make sure the ball stays in play for as long as possible.

The game has several levels of difficulty, each requiring different skills and playing strategies. Hence, why it’s considered one of the best Play-to-Earn games out there today. 

The player has three lives, and the game ends if the ball hits the ground three times. 

Game features:

• arcade gameplay;

• several levels of difficulty;

• opportunity to earn bitcoins and other cryptocurrencies.

Bitcoin Blast

Bitcoin Blast is a mobile game that lets you earn bitcoins by solving puzzles. Players can collect combinations of symbols, earning bonuses that can be converted into bitcoins. In addition, the game has a rating where you can compete with other players for prizes.

The game is easy to use and requires no special skills from users. It also provides an opportunity to earn bitcoins without any investment, making it attractive for beginners in cryptocurrency.

Like other types of games, this one has different levels of difficulty. You can unlock them to get more cryptocurrency.

If you want to play and earn, always remember to play responsibly. Do not turn the gaming process into a constant earning of money. It should only be entertainment, allowing you to get additional funds.

The post 5 Games You Must Try for Play to Earn Bitcoin appeared first on CoinJournal.