Kategorie: Crypto Markets

• Bitcoin (BTC) and Ether (ETH) broke higher today, trading above $26,650 and $1,620.
• Maker (MKR) hit a yearly high near $1,470 amid fresh buy pressure.
• Meanwhile, Shiba Memu has raised over $3.3 million in its presale as SHMU price jumps to $0.030025. 

Cryptocurrency’s total market cap was up 1.3% on Wednesday morning, with the top coins Bitcoin (BTC) and Ether (ETH) breaking above $26,650 and $1,620 respectively.

The uptick in crypto prices came as the industry looked past SEC’s latest delay of a spot Bitcoin ETF and Chase Bank’s ban on crypto payments for its UK customers. Digital asset prices were also ticking higher as US futures rose after Tuesday’s brutal sell-off that saw the Dow Jones Industrial Average book its biggest single-day loss since March.

Here is the price prediction for Bitcoin (BTC) and Maker (MKR), and an overview of the new crypto project Shiba Memu (SHMU).

What is Shiba Memu?

Shiba Memu is the new kid on the block in the meme coin neighbourhood. Its a new project that sits at the intersection of crypto and artificial intelligence (AI), bringing a novel approach to market traction that’s so crucial to meme coin adoption.

Unlike most meme tokens that gain traction in the community thanks to human effort, Shiba Memu looks to leverage the power of AI to create a marketing powerhouse. AI will do all the heavy duty work needed to sustain interest in the coin, and reward holders of the native token SHMU for their input and feedback.

Learn more here.

Bitcoin price prediction

Bitcoin has not moved much in the past week, down 1.6% as of writing as investor jitters suppressed buyers amid the uncertainty that gripped the market after Fed’s recent “higher for longer” interest rates outlook.

With regulation still a big talking point, analysts have predicted a potential setback for bulls before prices steadily climb with a new bull cycle. In the short term, the upcoming $3 billion options expiry on September 29 could provide fresh fuel for downward pressure. At $26,770 at the time of writing, BTC suggests new attempts at the key $28,300 zone are possible. However, a flip in sentiment in the risk asset market could mean a retest of support around $25k. The $20k area is a target for the bears.

Maker price prediction

Maker has outperformed most top altcoins in the past week, with MKR up nearly 10% in the past 24 hours. The cryptocurrency is trading above $1,450, the highest price level in a year that came after a breakout above the key horizontal resistance line of $1,250.

Bullish indicators strewn all over the MKR charts suggest an upside to above $1,600 is possible. However, an unexpected turn of events resulting in downside momentum could mean retreat to support around $1,350.

Shiba Memu price prediction: Will SHMU reach $1 in 2024?

Shiba Memu does not trade in the secondary market yet, given the token is still in presale. However, with interest in this meme coin rocketing amid a broader optimism for the AI space, it is possible the price of SHMU could skyrocket when trading goes live on major exchanges.

At the moment, investors who bought Shiba Memu at the first stage presale price of $0.011125 have watched the value rise more than 169%. This is because of SHMU token price having jumped to $0.030025 as investors have poured over $3.3 million into this promising project.

What price factors could help Shiba Memu?

Shiba Memu’s roadmap highlights Q1, 2024 for the launch of its revolutionary AI dashboard, while strategic partnerships and ecosystem development will continue in the second quarter.

In Q3, 2024, Shiba Memu will explode on global exchanges, bringing demand for SHMU to a whole new level. If the coin lives to the hype that currently surrounds it, and mirrors explosive entries into the market such as seen with Pepe (PEPE) and other coins, the fourth quarter could be a great period for SHMU holders.

A final presale price of $0.0379 suggests upside momentum amid FOMO buying ahead of crypto’s expected bull market could quickly push SHMU to the $0.05 and then $0.1 levels. That could see targets at 50 cents and the $1 come into view.

The post Crypto price outlook: Bitcoin, Maker, Shiba Memu appeared first on CoinJournal.

• Bitcoin Cash (BCH) remains resilient, trading at $231.43 from a recent low of $203.
• The BCH price surge is pegged on Bitcoin’s performance and ETF hopes.
• BCH’s technical analysis indicates a symmetrical triangle pattern, hinting at an imminent price move.

Cryptocurrency enthusiasts and investors are closely monitoring the price movements of Bitcoin Cash (BCH) as it continues to show resilience in a volatile market. Additionally, the blockchain-based social betting platform, Chancer, is making waves with its upcoming presale.

In this article, we will delve into the current state of BCH and explore the innovative features of Chancer, a revolutionary decentralized betting platform currently in its token presale phase.

Bitcoin Cash price analysis

Bitcoin Cash (BCH) has exhibited remarkable stability despite recent turmoil in the financial markets.

At press time, BCH was trading at $230.91, up 8.58% over the last 24 hours. This is a notable rebound from this month’s low of $180 and it has intrigued many investors, especially as traditional assets like stocks and bonds experience significant fluctuations.

It’s essential to note that Bitcoin (BTC) plays a pivotal role in BCH’s performance. On that note, BTC has managed to maintain a price above $26,000, even as the market sentiment has shifted towards fear, with the fear and greed index plummeting to 34. The optimism surrounding the potential approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) has contributed to the buoyancy in Bitcoin’s price. If approved, this could pave the way for other cryptocurrencies, including BCH, to seek ETF applications.

However, there are looming risks in the crypto industry, with the Federal Reserve taking a hawkish stance due to stubbornly high inflation. Recent data indicates that inflation surged to 3.7% in August. Such macroeconomic factors can impact the broader cryptocurrency market, including BCH.

Bitcoin Cash price forecast

A technical analysis of BCH on the daily chart reveals an intriguing pattern: a symmetrical triangle. This pattern is characterized by two converging trend lines and typically indicates an imminent breakout or breakdown.

Currently, Bitcoin Cash (BCH) has positioned itself above both the 25-day and 50-day moving averages, which is seen as a positive sign. Additionally, it hovers around the 50% Fibonacci Retracement level, suggesting a balanced market sentiment. The Moving Average Convergence Divergence (MACD) has crossed above the neutral point, indicating bullish momentum.

In the event of a bullish breakout, the key resistance level to monitor is $240. On the flip side, the support level stands at $180. Traders and investors are closely eyeing these levels as BCH appears poised for a decisive price move.

CHANCER token offering an alternative to the likes of BCH

While BCH and BTC are common digital assets to most crypto investors, a new token namely CHANCER, is making waves as its presale hit $2,354,540.

One CHANCER token is currently going for $0.012 but is expected to rise to $0.013 in the next presale stage, which is a great proposition for those yearning to acquire the new gaming token.

How does Chancer work?

In the world of blockchain and cryptocurrency, innovation continues to drive the evolution of various industries. Chancer is an exciting project that exemplifies this spirit. This blockchain-based platform is dedicated to social betting, allowing users to create and participate in unique and imaginative bets.

Chancer encourages users to engage in social betting, where they can craft their bets and invite others to join in. This dynamic approach aims to transform traditional betting into a community-driven and interactive experience.

Chancer offers an array of betting opportunities, from predicting the winners of esports tournaments to speculating on whether a favourite band will release a new album. This diversity caters to a broad spectrum of interests, making it an inclusive platform for all.

The platform incorporates live streaming, enabling users to create bets and initiate live streams for others in the Chancer community to join. This real-time interaction enhances the overall betting experience.

Chancer operates on a decentralized and transparent blockchain, ensuring fairness and openness in all betting activities. Users can have confidence in the integrity of the platform.

Conclusion

As the cryptocurrency market remains dynamic, Bitcoin Cash (BCH) stands out with its recent price resilience. Technical analysis indicates that BCH could be on the verge of a significant price move, with $240 as a key resistance level to watch. However, macroeconomic factors, particularly the Federal Reserve’s monetary policy, introduce potential risks.

In parallel, Chancer’s innovative approach to social betting has captured the attention of the crypto community. With its focus on user engagement, diverse betting options, live streaming, and blockchain transparency, Chancer aims to revolutionize the world of betting.

Investors and enthusiasts alike are keeping a close eye on both Bitcoin Cash and Chancer, as they represent exciting opportunities and developments in the cryptocurrency space. It’s essential to conduct thorough research and stay informed to make informed decisions in this ever-evolving landscape.

The post Bitcoin Cash price prediction as the crypto betting economy expands appeared first on CoinJournal.

• Chase Bank will start to block crypto payments in U.K. from October 16th.
• The retail bank says the ban is related to an increase in crypto frauds.
• Chase Bank has an active user base of well over 1.0 million in the U.K.

Chase Bank – a subsidiary of JPMorgan has decided to ban crypto-related transactions in the United Kingdom.

Why is Chase Bank banning crypto transactions?

Payments via outgoing bank transfers or the debit card suspected to be linked to cryptocurrencies in any way will be blocked from October 16^th, the bank told its customers in an email today.

Chase said it was moving to impose an outright ban because crypto scams are on the rise in the U.K.

We’ve seen an increase in the number of crypto scams targeting U.K. consumers. So, we’ve taken the decision to prevent the purchase of crypto assets.

The retail bank has an active user base of well over 1.0 million in the United Kingdom.

U.K. consumers have lost millions to crypto scams

Chase cited data from Action Fraud – a British fraud reporting agency that suggests consumers in the U.K. have lost more than £300 million to crypto frauds. Its spokesperson also wrote in the said email:

If we think you’re making a payment related to crypto assets, we’ll decline it … We’re committed to helping keep our customers’ money safe and secure.

Earlier this year, NatWest also restricted the sum of money a consumer can send to crypto companies per day and per month. HSBC announced similar limitations in March as well.

The announcement arrives on the same day when JPMorgan Chase & Co agreed to a $75 million settlement with U.S. Virgin Islands on a Jeffrey Epstein-related lawsuit.

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• Crypto insurance provider AnchorWatch has announced a $3 million round led by investment firm Ten31.
• AnchorWatch offers Trident Vault, a protocol native custody solution for commercial entities holding Bitcoin.
• The platform will use the funding to undertake key regulatory and capital requirements.

AnchorWatch, a US-based provider of bespoke insurance products for commercial entities that hold Bitcoin, has closed a $3 million seed round led by Ten31, a firm that invests in companies and platforms building Bitcoin-focused infrastructure.

The round attracted participation from Bitcoin Magazine’s UTXO Management, Axiom BTC, Timechain, and Bitcoin Opportunity Fund among others.

Building a protocol native custody solution

AnchorWatch revealed in a press release on Tuesday that it will use the capital injection to “complete all regulatory and capital requirements.” This is part of the company’s effort to bring Trident Vault, a protocol-native custody solution meant for Bitcoin owners, to the market.

“AnchorWatch is building both the technical infrastructure to advance bitcoin’s potential as programmable money and the credentialed legal/financial infrastructure for bitcoin to be held by commercial institutions via its insurance offerings,” Jonathan Kirkwood, managing partner at Ten31, said in a statement.

According to him, the investment in AnchorWatch is “a pivotal step” that aligns with Ten31’s mission of establishing Bitcoin as a practicable institutional asset.

Trident Vault  is backed by regulated insurance and AnchorWatch’s plan is to start selling policies to customers in due course.

As part of its product development, AnchorWatch will allow credentialed firms to undertake security audits of Trident Vault to ensure it is enterprise-ready. Among main features of this BTC vault are layered security and regulated property insurance, with holder seniority and time-locked spending for compliance and on-chain governance.

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• KeyRock has secured anti-money laundering compliance clearance from the Swiss Financial Services Standards Association (VQF).
• The startup is expanding its OTC services via new on ramp/off ramp fiat currencies, including GBP and AUD.

Belgian crypto market maker Keyrock has secured a key regulatory approval from the Swiss Financial Services Standards Association (VQF). The approval follows a comprehensive review of the company’s structure and processes with regard to compliance with the Swiss Anti-Money Laundering Act (AMLA) regulation.

📢 Keyrock expands its OTC services with more fiat on/off-ramp solutions.

Through our Swiss VQF membership, we’re now offering GBP, AUD, and 10+ other currencies alongside the standard USD and EURO.

Read more about these significant milestones 👇https://t.co/4v5SRzpftY

— Keyrock 🔑🪨 (@KeyrockTrading) September 26, 2023

KeyRock expands OTC desk

Compliance with AMLA guidelines is a milestone that not only ensures the crypto market maker aligns with anti-money laundering regulations, but also offers a crucial base for the startup’s expansion efforts.

KeyRock CEO Kevin de Patoul said in a press release:

“Securing the VQF membership reinforces Keyrock’s stance on upholding rigorous regulatory standards within the crypto space. As the landscape evolves, our focus remains steadfast on ensuring both compliance and trust in our services.”

VQF is a government-approved financial standards body that has previously granted regulatory clearance for crypto startup Bitcoin Suisse and custodian BitGo. The KeyRock approval allows the startup to expand its OTC services around the globe, the firm noted.

The expansion will involve new fiat on-ramp and off-ramp designed to support more than ten new currencies, including GBP and AUD. Currently, the service has been offered via USD and Euro.

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