Kategorie: Crypto Markets

Avalanche’s ($AVAX) market performance succumbs to bearish pressure, leaving its holders in panic. Elsewhere, Litecoin’s rising popularity on Bitpay is helping $LTC’s efforts to break above its current resistance. 

Meanwhile, Borroe.Finance ($ROE) seems to be in the green zone as its popularity skyrockets beyond expectations. $ROE’s numbers have been impressive, but can they make it one of the top crypto coins over $AVAX and $LTC? Let’s discuss.

Avalanche holders panic as $AVAX drops below $10

The market slump of early September has taken a drastic toll on many top altcoins, including Avalanche. Despite Avalanche’s relatively high network activity, it faces significant bearish pressure in the market. 

The $AVAX token has fallen below double digits following the market downturn. $AVAX was trading at $10.37 on August 28. On September 1, the market slumped, causing $AVAX to fall by 4.3% to $9.92. 

The market fell after the SEC asked Spot Bitcoin ETF applicants to wait until October for its response. Investor sentiment for networks like Avalanche ($AVAX) dropped sharply after the news. Avalanche’s partnerships in the DeFi sector have been rising. Yet, they have been unable to help Avalanche’s ($AVAX) market prospects. 

Even worse, the effects of the market slump on Avalanche don’t seem like waning any time soon. As of September 18, $AVAX was trading at $9.20. Yet, investors expect $AVAX to drop to $9.01 due to Avalanche’s current bearish momentum.

Litecoin ($LTC) struggles to break above $65

Although affected by the crash of September 2023, Litecoin’s ($LTC) network performance has been high. Likewise, Litecoin’s investor sentiment has risen steadily, giving $LTC enough momentum to start a recovery. 

$LTC was trading at $63.01 on September 1 after the market crash. It recovered by 4.7% to $66.00 on September 15. However, $LTC dropped by 3.6% to $63.58 on September 17.

The resilience of $LTC is probably due to Litecoin’s skyrocketing market performance. By August 27, Litecoin’s usage on Bitpay had surged by over 50%. Now, some analysts say Litecoin’s strong network performance could mean it’s finally becoming a worthy challenger to Bitcoin.

While Bitcoin remains the largest cryptocurrency, Litecoin’s reliability as a payment provider has increased in the past few months. As of September 18, $LTC was trading at $65.79. Yet, $LTC could rise to $72.35 following an increase in demand for Litecoin’s payment services.

Borroe.Finance: world’s first invoice Web3 discounting marketplace

The web 3.0 industry’s demand for instant funding is set to benefit from the upcoming launch of Borroe.Finance. Via a peer-to-peer ecosystem, Borroe.Finance helps companies find instant cash for their daily business needs. It leverages revenue financing to create a smooth, efficient fundraising marketplace that meets users’ needs quickly and cheaply. To buy $ROE tokens, click here.

Borroe.Finance ($ROE) asks companies to turn their future and outstanding revenue into fractionalized NFTs. These fractionalized NFTs act as collateral for taking loans. Once completed, these NFTs would be sold on Borroe.Finance’s marketplace. 

In addition, Borroe.Finance encourages the inclusion of discounts, which boosts the approval chances of each loan request.

The platform rewards buyers and sellers for staying active on its marketplace. There are also rewards for loan repayments. Borroe.Finance offers higher privacy and anonymity alongside a simplified fee structure. Furthermore, Borroe.Finance offers real-time invoice tracking.

Out of the current new ICOs, Borroe.Finance seems to be one of the fastest-growing low-cost, high-reward investment opportunities. The market is already opening up to the project, as over 90 million $ROE tokens have been sold. 

Now, $ROE is in Stage 1 of its presale and its current price is $0.0125. However, its earliest backers already enjoy a 25% ROI as it moved from its first price of $0.0100. By Stage 2 of $ROE’s presale, its value could rise to $0.0150. By then, $ROE’s earliest backers would have gained a 50% profit.

To learn more about Borroe.Finance ($ROE) Visit Borroe.Finance ($ROE) Presale | Join The Telegram Group | Follow Borroe on Twitter

The post Avalanche Drops, Litecoin Faces Resistance, Borroe.Finance Passes $1.1 Million appeared first on CoinJournal.

• Google Cloud’s BigQuery public datasets now include 11 new blockchains.
• Polygon, Avalanche, Tron and Polkadot are among the new networks added to the program.

Google has enhanced its cloud computing unit’s blockchain data offering by expanding its ‘BigQuery’ program to 11 new blockchains.

In an announcement on Friday, Google Cloud said the 11 networks comprise of “the most in-demand blockchains” and add to the data sets for Bitcoin, Ethereum, Litecoin and Dogecoin among others.

Google Cloud’s BigQuery adds 11 new chains

Blockchains added to the BigQuery public datasets include Polygon, Tron, Polkadot, Avalanche, Arbitrum, and Ethereum (Görli). Others are Cronos, Fantom (Opera), Near, and Optimism.

According to Google Cloud, this expansion allows for scalable data processing, with developers able to retrieve on-chain data off-chain and without having to query the blockchain directly.

“We’re doing this because blockchain foundations, Web3 analytics firms, partners, developers, and customers tell us they want a more comprehensive view across the crypto landscape, and to be able to query more chains,” James Tromans, Google Cloud’s head of Web3 and Alberto Martin, director, Web3 product management, wrote.

Other than the eleven networks, Google is looking to improve the Bitcoin BigQuery dataset by adding Ordinals/Satoshis (sats). Ordinals exploded in popularity in 2023, contributing to the overall congestion of the Bitcoin network.

Google Cloud recently struck a strategic alliance with Zilliqa, joining the blockchain platform as a staked seed node operator. Earlier this month, interoperability protocol LayerZero tapped the cloud computing giant as its default messaging verifier.

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• Brave, Zcash (ZEC) developer Electric Coin Company (ECC) and Filecoin Foundation have announced a partnership aimed at bringing new privacy features to Brave browser.
• The companies will tap into Zcash protocol’s shielded transactions and Filecoin’s InterPlanetary File System (IPFS).

Brave Software Inc., Electric Coin Co. (ECC) and Filecoin Foundation announced a new partnership during Messari Mainnet on Friday, September 22.

The Brave team, Zcash (ZEC) developer group and the Filecoin (FIL) non-profit said they will be collaborating in an effort that should see new privacy features come to Web3 via the Brave browser. Zcash is one of the top privacy coins in the crypto space.

According to the companies, the innovative privacy-focused features will also be available via Brave’s integrated Web3 wallet.

New privacy features for Brave browser

Brave offers a privacy-oriented browser that rewards users with Basic Attention Token (BAT) for accepting privacy-respecting ads. Users have to opt into the feature. With the partnership, the privacy functionality is to be extended to all transactions

In this case, ECC, which recently highlighted plans to make Zcash more decentralised and secure, will work with Brave to integrate shielded transactions with the Brave browser’s built-in crypto wallet. This will allow users to benefit from private transactions when they store, send, and receive ZEC and other cryptocurrencies.

“I’m excited about integrating Zcash into the Brave web browser because privacy should be normal. The Brave browser is a tool that tens of millions of people are using for everyday communication, web browsing, shopping, and other activities. This gives them access to money that respects their security and consent. I’m thrilled for this launch — and what’s to come — as a result of this partnership with Brave and Filecoin Foundation,” Zooko Wilcox, CEO, Electric Coin Co., said.

Other than private crypto transactions, Brave, ECC and Filecoin Foundation are working on a decentralised messaging and media transmission feature. The new tool will leverage Zcash protocol’s privacy and Filecoin’s InterPlanetary File System (IPFS) – the latter for secure storage of encrypted content.

The post Brave partners with Electric Coin and Filecoin to advance Web3 privacy appeared first on CoinJournal.

• Arbitrum (ARB) price rose 9% this past week, trading to above $0.86.
• Meanwhile, Toncoin (TON), Chainlink (LINK) and Aave (AAVE) saw double digit gains.
• What next for ARB?

Arbitrum (ARB) is trading higher over the 24-hour timeframe, holding off bears around $0.84 with nearly 3% upside. Over the week, the cryptocurrency’s value is up 9%. That makes ARB among the top gainers this past week, with Toncoin (TON), Chainlink (LINK), ImmutableX (IMX) and Aave (AAVE) posting double digit gains to lead the top 50 coins by market cap. 

With Bitcoin looking to reclaim some joy above $26,600 and most altcoins showing resilience, could ARB break higher to target $1.00? Data shows the altcoin last traded at the psychological level on August 23.

Whale activity and recent ARB price

Arbitrum’s native token slipped to $0.74 on September 11, mirroring the broader market performance that also had Bitcoin sliding to below $25k. A nice uptick for ARB/USD had buyers poised at $0.90 on September 19 before widespread weakness had them revisit support around $0.80.

The positive outlook shows amid the latest bullish signals from whale activity and the crowd. According to data shared by on-chain analytics platform Lookonchain, one whale pointed to this perspective on Thursday with a 1.15 million ARB transfer from Binance. The value of the transaction was $952,000 at the time.

“This whale lost money on $ARB but seems still very bullish on $ARB, withdrawing 1.15M $ARB ($952K) again from #Binance in the past 2 days. The whale was long $ARB on #Aave on July 23, and as the price of $ARB decreased, he had to sell $ARB at a loss to pay off debt on Sept 11,” Lookonchain posted on X.

If ARB breaks past the channel’s middle line (also where a key horizontal support-turned resistance line resides), at $0.87, bulls might target the supply zone above September highs. A demand reload zone could be around $0.74.

The post Arbitrum among top gainers with 9%: Here’s the ARB price outlook appeared first on CoinJournal.

• Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8.
• The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms.

Bybit has notified its customers that it will suspend its services in the UK next month as it looks to align operations with new regulatory requirements.

According to the crypto exchange, the decision is “in light of the UK Financial Conduct Authority’s introduction of new rules regarding marketing and communications by crypto businesses as outlined in the June 2023 Policy Statement (PS23/6) entitled “Financial Promotion Rules for Crypto assets.”

The suspension will allow the exchange to focus resources on meeting the new regulation, Bybit said in the announcement.

No new customer registrations beginning October 1

No new registrations will be allowed as from October 1, while services to existing customers will be halted on October 8. 

For current Bybit customers, the effective date will see them unable to make deposits, create new contracts, or increase positions. However, users will still be able to reduce or close positions as well as withdraw funds.

Due to recent UK regulatory changes, Bybit will suspend its services in the UK. New account applications cease from Oct 1, 2023, 8AM UTC. Existing UK users, please manage your positions before Jan 8, 2024, 8AM UTC. #Bybit

Find out more here: https://t.co/ubKN3NrFhE pic.twitter.com/06ucS4giKV

— Bybit (@Bybit_Official) September 22, 2023

All UK customers have been asked to take the necessary steps to manage and wind down positions. The timeline for such action will run until January 8, 2024, 8:00 am UTC.

“After the stipulated deadline, their open positions will be liquidated, and the liquidation funds will be available for withdrawal,” the exchange noted.

Bybit’s move comes ahead of the October 8 deadline for companies to comply with the new UK marketing rules on ads and promotions. The requirement is that a crypto company must have regulatory approval from the Financial Conduct Authority (FCA) for it to support ads and other promotional materials.

At the moment, FCA’s crypto register does not include Dubai-based Bybit. The company recently scored a crypto exchange and custody licence in Cyprus. 

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