Kategorie: Crypto Markets

• A Majority of EPL clubs played their opening matches over the weekend.
• The only teams that have not played are Manchester United and Wolves, which is scheduled for today at 22:00 GMT+3.
• The English Premier League has added some impetuous into the Chancer presale.

The English Premier League (EPL) 2023-24, one of the most followed and watched games, just kicked off and the presale of Chancer, the world’s first decentralized predictive market-making platform, is gaining momentum. At press time, 30,047,387 CHANCER tokens had been sold raising $1,331,800.21.

The Chancer presale saw increased activity over the weekend as EPL teams played their first matches over weekend and it is expected to gain momentum as the league progresses until its mainnet launch in Q1 2024.

What is Chancer?

Chancer is developing a cutting-edge prediction markets platform based on the principles of user empowerment and decentralization. It aims to primarily function as a peer-to-peer (P2P) betting facilitator rather than a typical betting establishment. It will allow individuals to create and control their own betting markets, a strategy that democratizes the betting market.

The appeal of Chancer, which Adam and Paul Kelbie co-founded, goes far beyond traditional sports betting. Users of the platform will be able to wager on any event they can think of, from the results of football matches including EPL matches and Champions League final to more specialized wagers between friends.

Chancer’s value proposition heavily emphasizes its adaptability, which, along with the company’s plans to become a DAO, distinguishes it from other cryptocurrencies and betting platforms and explains why so many investors are interested in finding out how to buy CHANCER.

At the heart of the Chancer ecosystem is the CHANCER token, which is the primary currency for transactions within the ecosystem.

The value of the CHANCER token is linked to the success of Chancer’s P2P betting concept. As the project grows and widens its user base, the demand for CHANCER tokens is expected to also see an increased uptick leading to a potential price surge. That said, the value of CHANCER has also been rising throughout the presale with each presale stage.

Chancer also stands the chance of attracting users who are currently not attracted to the traditional online betting platforms which are centralized. One of the greatest Chancer prepositions is the ability for users to create their own wagers on anything including activities between friends.

Why is the EPL causing so much excitement around CHANCER presale?

A majority of Chancer investors see it as a great platform for creating betting markets and betting for the EPL matches besides other competitions. And it goes without saying that the EPL is the most followed football league in the world courtesy of the many top talents playing in the various teams.

Although the American Major League Soccer (MLS) has been seeing some traction since Lionel Messi moved to the Inter Miami club, the MLS is still far below the EPL in terms of popularity.

When Chancer officially launches in the first quarter of 2024, the EPL is likely to be one of the most betted competitions on the platform before the 2024 Olympics games begin later on in the year.

Should you invest in Chancer now?

Well, the decision to invest in any project is the prerogative of an investor and requires due diligence especially when it comes to cryptocurrency projects because of the volatile nature of cryptocurrencies.

So, far Chancer has shown its capability to revolutionize the betting industry which was valued at over $2B in 2022. If successful, the project will be a force to reckon with within the betting circles seeing it is introducing an opportunity for CHANCER token holders to create their own wagers on basically anything.

To purchase your CHANCER token, you can visit Chancer’s official website here.

The post Chancer gains momentum as the English Premier League 2023-24 kicks off appeared first on CoinJournal.

• Shiba Inu is expected to rise higher if it breaks above $0.00001.
• Shiba Inu is facing stiff competition from new Shiba-themed meme coins like Shiba Memu.
• Shiba Memu has raised over $1.7 million in its ongoing token presale.

The value of Shiba Inu (SHIB) has surged by 32% over the past 30 days, offering meme coins traders and investors a reason to smile. This upward momentum is not solely due to prevailing positive sentiment in the crypto market. There are a number of other factors main among them being the upcoming Shibarium, an innovative layer-2 scaling solution that distinguishes itself with unique attributes.

Besides its arch-rival, Dogecoin (DOGE), Shiba Inu has also been facing steep competition from newcomer meme coins like PEPE and Shiba Memu (SHMU), which is currently in the presale phase. So let’s delve into what the future holds for SHIB amid this competition.

Shiba Inu facing a major resistance at $0.00001

At press time, SHIB’s trading price, according to information from CoinGecko, was $0.00000998. SHIB has demonstrated a rising trend of 19 % in the last seven days. The token has today continued with the bull trend gaining 1% at the time of writing.

Prior to today’s price surge, SHIB on Wednesday, experienced a huge rise of 5.75%, reaching $0.00001005.This upward trend fits with a recovery pattern that started two days ago after hitting a low of $0.0000947.

SHIB price prediction

SHIB’s price has remained well above the 50-day and 200-day Moving Average lines, reflecting the market’s active buyer activity. The bullish pressure on the market is further increased by the MACD line crossing above the signal line, although the RSI is moving closer to the overbought zone.

Nevertheless, for Shiba Inu to make good its bullish potential, it has to beat the resistance at $0.00001 which is further supported by the 200-day MA, creating a strong counterforce to the upward trend of SHIB.

While SHIB might have some trouble breaking through the $0.00001 level and could drop much lower to the area around the 50-day MA, any significant surge above this price level might push SHIB to new highs in the near future.

Shiba Inu vs Shiba Memu

While the hype around Shiba Inu has increased in the recent past as the community awaits the launch of Shibarium, a new artificial intelligence (AI) powered meme coin by the name of Shiba Memu is giving Shiba Inu some steep competition.

Shiba Memu combines meme coins’ concept of building a strong and passionate community around a common idea with artificial intelligence. Shiba Memu incorporates cutting-edge artificial intelligence (AI) technology, promoting itself not just as a crypto-token for entertainment but also as an innovator offering practical utility in the digital sphere and luring Shiba Inu whales.

The Shiba Memu community is expanding, and the coin is swiftly rising to the top of the meme tokens market. Besides its growing community, its innovative approach to meme coins is grabbing people’s interest and luring in investors from all over the world as evident in the amount it has managed to rise in its token presale in about a month.

In addition to all the good features, SHMU’s price continues to rise throughout the presale. At the time of writing, one SHMU token was going for 0.019450 USDT with the next price rise expected to take place in 6 hours’ time. Those interested in participating in the Shiba Memu presale can purchase SHMU tokens here.

The post Shiba Inu price prediction amid intensifying Shiba Memu competition appeared first on CoinJournal.

• Bittrex was charged in April by the SEC for selling unregistered securities.
• Besides Bittrex, Coinbase and Binance are also facing similar charges.
• Although Bittrex agreed to pay the $24 million, it has not mentioned anything to do with accepting or denying the SEC allegations.

The US-based cryptocurrency exchange Bittrex has agreed to settle $24 million with the US Securities and Exchange Commission (SEC) in the lawsuit where the SEC accused the exchange of offering unregistered securities to US investors. The SEC has today confirmed the payment in a tweet.

Today we announced that crypto asset trading platform Bittrex Inc. and its co-founder and former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency.

— U.S. Securities and Exchange Commission (@SECGov) August 10, 2023

The exchange, however, has not agreed to nor rejected the SEC allegations of offering unregistered securities.

SEC’s allegations against Bittrex

The US SEC had filed a lawsuit against Bittrex and its former CEO, William Shihara, in April for selling unregistered securities. The SEC also claimed that the exchange’s foreign subsidiary, Bittrex Global GmbH, has failed to register as a national securities exchange.

Bittrex is not the only cryptocurrency under siege by the SEC. Binance and Coinbase are also facing similar charges. However, both Binance and Coinbase have vowed to fight till the end. Coinbase, which is a listed public company says that the SEC is contradicted since it knew about the exchanges dealing when the company applied to be listed as a public company.

However, the court is yet to approve the settlement and a Bitterx spokesperson said that they would comment more about the settlement once the court approves the agreement

The post Bittrex agrees to settle $24M in SEC lawsuit, doesn’t accept or decline allegations appeared first on CoinJournal.

• At press time XRP token was trading at $0.6294, down 3.97% in 24 hours.
• Only XRP deposits were possible at the time of writing.
• The exchange has promised to open XRP trading soon.

Gemini, a cryptocurrency exchange, has announced that it will support the XRP Ledger (XRP) blockchain, adding it to a growing list of supported networks. The exchange has opened token deposits with trading expected to start soon be possible.

We have xciting news!

XRP is now available for deposits on Gemini. Trading support will follow xtra soon. 🤝 pic.twitter.com/f2EjxewRm0

— Gemini (@Gemini) August 10, 2023

The news has however done little to stop the bearish trend that has seen the XRP token price drop by over 6% in the past seven days.

Why Gemini listing is a great plus for XRP

The XRP token was delisted by all cryptocurrency exchanges when the United States Securities and Exchanges Commission (SEC) filed a lawsuit against Ripple Labs for what it stated as selling a security without the required registration. However, exchanges have been lining up to relist XRP after Ripple won the case.

Gemini is known for having strict listing requirements, and many cryptocurrencies have struggled to meet them. Therefore, this news is encouraging for the XRP community after the recently won battle against the US SEC although there are speculations that the case could be appealed.

With Ripple (XRP) now available on Gemini Exchange, it is poised to reach a wider audience of investors and traders leading to increased liquidity and trading volume for the cryptocurrency. Besides its widespread acceptance across the crypto space, Ripple has also been working extremely hard to gain acceptance in the traditional financial world.

The post Gemini lists XRP, opens token deposits appeared first on CoinJournal.

• Binance Labs is offering support to Curve after the recent hack.
• The investment is part of recent OTC deals done by Curve founder with notable figures in the crypto space.
• Curve Finance is later expected to deploy to the Binance-backed BNB Chain.

The venture capital and incubator division of the cryptocurrency exchange Binance, Binance Labs, has agreed to invest $5 million in Curve DAO (CRV) tokens.

The collaboration, which will also see Curve Finance deploy to the Binance-backed BNB Chain, was announced by Yi He, co-founder of Binance and head of Binance Labs.

The investment seems to be a part of recent over-the-counter (OTC) transactions that Curve founder Michael Egorov conducted with prominent individuals in the cryptocurrency industry. Among them, Justin Sun, the founder of Tron, purchased 5 million CRV tokens for $2 million, while Huobi co-founder Jun Du purchased 10 million.

Binance support to Curve DAO after the hack

Yi He has stated that Binance Labs pledges its full support to Curve through investment and a strategic partnership in light of the recent developments that have had an impact on the protocol. The Binance co-founder went ahead to state that they see this collaboration as a beginning and are eager to continue working together to advance the development of the DeFi ecosystem.

According to on-chain data gathered by Spotonchain on Dune Analytics, Michael Egorov has sold more than 156 million CRV tokens so far for a total of $46.4 million. According to DeBank, the transactions appear to be strategically intended to lessen the potential liquidation risks that Egorov may face across numerous decentralised finance platforms as a result of a $50 million stablecoin loan he had taken earlier.

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