Kategorie: Crypto Markets

• Binance has announced Arkham (ARKM) as the 32nd project in the Binance Lanchpad.
• A snaphot of BNB balances will be taken on July 11 to July 17.
• BNB, the native Binance coin, surged more than 3% to trade at highs of $243.

Binance has added Arkham (ARKM) to the Binance Launchpad, the 32nd project whose token sale the crypto behemoth has supported.

The price of BNB, the native Binance coin, surged more than 3% early Monday to trade at highs of $243.

Binance Launchpad adds Arkham (ARKM)

In a notice published Monday, Binance said the ARKM sale will be by subscription format. A snapshot for BNB balances starts at 00:00 (UTC) on July 11 to July 17, 2023 at 00:00 (UTC).

Wen Launchpad? 😆 https://t.co/IpDpFuwEdH

— CZ 🔶 Binance (@cz_binance) July 10, 2023

The ARKM token sale on the Launchpad will have a hard cap of $2.5 million, with each user limited to 300,000 ARKM or $15,000. Binance Launchpad has been allocated 50 million ARKM tokens, which is about 5% of the total Arkham supply of 1 billion.

The public sale price for ARKM is $0.05.

Arkham launches intel markeplace

Today’s news that Arkham is the 32nd Binance Launchpad project coincided with another big announcement from the on-chain analytics platform.

This because Arkham also announced its Arkham Intel Exchange, dubbed the “world’s first on-chain intelligence marketplace.” It is expected to go live on July 18.  

Announcing The World’s First On-Chain Intelligence Exchange

Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract. pic.twitter.com/4xr7dLvOjp

— Arkham (@ArkhamIntel) July 10, 2023

Intel Exchange will bring to the marketplace an intel-to-earn economy, allowing for anonymous buying and selling of on-chain intelligence on any crypto wallet address. The new platform will be powered by smart contracts and involve buyers placing bounties for intel.

“Anyone can post a bounty seeking some on-chain information, by locking funds to request information on crypto addresses or entities. These bounties can then be fulfilled by ‘bounty hunters’ – blockchain researchers or sleuths, who will exchange intelligence in return for the payment,” Arkham wrote.

According to the Arkham team, demand for on-chain analysis continues to increase, particularly from traders, investors, researchers, journalists, and protocols.

The post Binance adds Arkham (ARKM) to launchpad appeared first on CoinJournal.

Key takeaways

• Shiba Memu has generated more than $200k in its presale stage.

• The team increases SHMU’s price daily, with the presale event set to last for eight weeks. 

Bitcoin has maintained its value around the $30k level for the last two weeks. In addition to Bitcoin, other leading cryptocurrencies have performed well during that period.

The positive performance saw the total cryptocurrency market cap reach the $1.2 trillion mark for the first time this year.

Shiba Memu is currently in its presale stage and has raised more than $200k so far. The development team increases the token price daily, and it could rally higher once the token gets listed on cryptocurrency exchanges. 

What is Shiba Memu?

Shiba Memu is a cryptocurrency token combining AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.

The team claims that Shiba Memu can do the work of 100 marketing agencies. Unlike marketing agencies, Shiba Memu is always active. It is working all the time, finding the best work going on in creative advertising, eating it up and spitting it back out, but better.

The meme coin industry has experienced massive growth over the past three years. In 2020, meme coins were practically unknown in the crypto ecosystem but grew to a market cap of over $20 billion in 2022. 

Shiba Memu seeks to be a leading meme coin and intends to achieve this, thanks to its utility. According to their whitepaper, Shiba Memu has self-sufficient marketing capabilities powered by AI technology, making it a unique and attractive investment.

The team pointed out that Shiba Memu will create its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks.

Shiba Memu combines the powers of AI and blockchain technology, making it different from the plethora of meme coins currently available in the cryptocurrency market. 

At the moment, Shiba Memu operates on Ethereum and BNB Chain, the two leading DeFi blockchains in the cryptocurrency space. 

Shiba Memu’s presale tops $215k

Shiba Memu is already gaining traction in the cryptocurrency space. The project’s presale is already on, and the team has raised $215,000 so far. Shiba Memu will use the proceeds from the presale to develop some of its products. 

According to the team, most of the funds would be used to develop Shiba Memu’s AI technology. In its whitepaper, the team explained that Shiba Memu’s AI technology lets it engage with users directly. There will be a robotastic dashboard to interact with the AI, provide feedback, make suggestions, and ask questions. 

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

At the moment, it is impossible to accurately predict Shiba Memu’s price since the meme token is still in its presale stage. At the moment, 1 SHMU = 0.011575 USDT. 

However, the development team revealed that a major difference between this project and others is that Shiba Memu’s price increases every day at 6 pm GMT.

SHMU is set to trade at 0.011800 USDT tomorrow. The amount it increases varies, but it will over double in price throughout, with the presale starting at $0.011125 and ending at $0.0244. Users can purchase the SHMU token using Ethereum, USDT, BNB and BUSD

Should you invest in Shiba Memu today?

The decision to invest in a token depends on the investor. However, Shiba Memu could be an interesting cryptocurrency project. 

Combining AI and blockchain technology to ease marketing strategies for companies and organisations, Shiba Memu is one of the meme tokens with excellent use cases. 

SHMU, the native token of the Shiba Memu ecosystem, could record massive gains in the medium to long term if the team delivers on its products.

Furthermore, Shiba Memu could benefit from a market rally. The crypto market has been bullish since the start of the year, with the prices of most coins and tokens up by more than 40% during that period.

If the fundamentals of the market continue to improve, SHMU could record excellent growth once it starts trading on cryptocurrency exchanges.

The post Shiba Memu price prediction as presale rakes in over $215k appeared first on CoinJournal.

Key takeaways

• Bitcoin has been trading around the $30k region in the last two weeks and could rally higher in the near term.

• AltSignals has entered stage two of its presale after raising more than $1 million in the first stage. 

The cryptocurrency market performed well in recent weeks, thanks to the spot Bitcoin ETF filings by BlackRock, Fidelity, and Valkyrie. 

The events saw Bitcoin rally past the $31k level earlier this week before retracing to the $30k level. 

Bitcoin stays around $30k in recent weeks

Bitcoin, the world’s largest cryptocurrency by market cap, has been trading around the $30k region for the last two weeks. The cryptocurrency has maintained its price around the region in recent weeks thanks to optimism from investors. 

At press time, the price of Bitcoin stands at $30,117 per coin. Some cryptocurrency experts are now predicting a Bitcoin rally in the coming months.

Crypto services provider Matrixport believes that Bitcoin could rally as high as $125,000 by the end of 2024.

The bullish sentiment could positively affect other cryptocurrencies, including AltSignals, which recently concluded its first presale stage. 

AltSignals will list on numerous cryptocurrency exchanges once it concludes its presale funding rounds, and its ASI token could experience a price surge if Bitcoin and the broader crypto market embark on a rally. 

AltSignals commences the second stage of presale

AltSignals concluded the first stage of its presale a few days ago, raising more than $1 million in the process. During the stage one presale, the ASI token was sold for $0.015 USDT.

The AltSignals team has raised the token price in the second stage, and ASI is now sold for $0.1875. With a target of over $2 million in the second stage, AltSignals has already raised more than $1 million so far. 

The team has already started working on releasing numerous products. AltSignals is a unique project that will use AI to make it easier for people to trade Bitcoin and a host of other cryptocurrencies. 

Click here to read more about the AltSignals presale.

What is AltSignals?

AltSignals is an exciting cryptocurrency project that could benefit crypto and forex traders. The products to be released by AltSignals could be beneficial to crypto traders, forex, stock, commodities, and indices traders.

The platform makes it possible for crypto traders to access trading signals. AltSignals will also provide forex, stocks, commodities, and indices signals. 

The development team will use the funds raised from the presale to develop ActualizeAI, an AI solution that could make it easier for people to trade cryptos and other financial assets. 

According to the team, ActualizeAI will be an automated solution that works 24/7. It will make it easier for traders to identify various patterns in the market, eliminating some of the pain points traders experience. 

Holders of the ASI token would have access to the wide range of services provided by AltSignals. AltSignals will use other technologies, including natural language processing, machine learning, regression, and predictive modeling, to boost its services. 

ASI tokens would be listed on numerous exchanges, including Uniswap, once the presale stages are over. 

AltSignals (ASI) price prediction

At the moment, ASI is yet to list on any cryptocurrency exchange. As such, it is hard to predict its price movement in the short term. However, the token price has increased from $0.015 to $0.1875 since the second presale stage began. 

ASI would be listed on cryptocurrency exchanges once the presale stages are concluded, and that could see ASI rally higher in the near to medium terms. If that happens, ASI could reach the $0.1 level over the next few months. 

The cryptocurrency market has seen an improved sentiment this year, with prices of most cryptocurrencies up by more than 50% year-to-date. If the fundamentals of the broader market improve in the near term, ASI could benefit once it starts trading on cryptocurrency exchanges. 

Should I buy AltSignals in its presale?

Perhaps the best time to invest in a project is during its presale. Early investors in projects like Ethereum, Solana, and Dogecoin, recorded thousands of percentages in ROI. 

AltSignals could be a project that records excellent growth due to the fact that it is a unique project that is entering a multi-billion market with some exciting solutions. With the right level of adoption, ASI could become a big winner in the coming months and years.

The post Bitcoin stabilises around $30k; can it rally to the $35k level soon? appeared first on CoinJournal.

• Bitfinex lost 119,756 bitcoins in a hack in August 2016.
• The hackers embarked on a plan to move the stolen tokens multiple times as they tried to launder them.
• In 2022, the US Department of Homeland Security arrested two people suspected of hacking Bitfinex.

Cryptocurrency exchange Bitfinex has revealed that the US Department of Homeland Security has returned part of the funds stolen from the exchange after a hack that took place in August 2016. The US Department of Homeland Security intercepted the funds after arresting two people suspected of the hacking.

The funds returned by the US Department of Homeland Security included $312,219.71 in cash and 6.917 Bitcoin Cash (BCH).

The Bitfinex 2016 hack  

The hack was at the time one of the biggest in the cryptocurrency industry. A security flaw caused the exchange to lose almost 119,756 Bitcoin (BTC), at the time worth $71.8 million. At today’s market price, the stolen BTC is worth more than 3 billion.

The Bitfinex hackers then started moving the stolen cryptocurrencies in an attempt to launder them.

However, two culprits identified as a married couple were arrested by the US authorities in February 2022 and charged with conspiracy to commit money laundering. The arrest resulted in the recovery of stolen cryptocurrencies worth $3.6 billion, making the US government have the wealthiest BTC wallet.

Distribution of the recovered funds

Acknowledging the recovery of part of the stolen funds, Bitfinex’s Chief of Technology Officer Paolo Ardoino said they:

“Look forward to recovering as much of the stolen bitcoin as we possibly can and redistributing that to holders of the tokens that were issued in response to the hack in 2016.” 

The victims of the Bitfinex hack had received Recovery Right Tokens (RTTs) that act as an IOU. The RTTs could be exchanged for cash or iFinex capital stock in future. There were a total of 30 million RRTs in circulation, and the crypto exchange has said that the funds it has recovered so far are not enough to meet all the redemptions.

The post US Department of Homeland Security returns stolen funds to Bitfinex appeared first on CoinJournal.

• The United States Commodity and Futures Trading Commission (CFTC) has concluded investigations into Celsius Network.
• The CFTC has found the former CEO and Celsius Network guilty of breaking several rules before the company collapsed.
• The price of CLE, the native cryptocurrency of Celsius has lost 10% in value after the revelation.

After investigations, the United States Commodity Futures Trading Commission (CFTC) has concluded that cryptocurrency lender Celsius Network and its former CEO Alex Mashinsky broke US laws before it collapsed. 

According to the CFTC report, the findings indicate that Celsius deceived investors and neglected to register with the CFTC. The CFTC may file a lawsuit in federal court within the month if the majority of its commissioners concur with these findings.

New York Attorney General already sued Celsius

Letitia James, the attorney general of New York, has already filed a lawsuit following the demise of Celsius Network. James alleged that Mashinsky misrepresented the company’s financial situation and made false claims about the platform’s security.

James’ lawsuit charges Mashinsky with defrauding millions of investors, including more than 26,000 residents of New York, in a lawsuit that was filed in January. It states that Mashinsky made “false and misleading representations” in order to persuade clients to deposit enormous sums of money with the crypto lender.

What really happened to Celsius?

Celsius was founded in 2017 and it shot into the limelight during the Covid-19 pandemic when it introduced loan offerings and tempting interest rates for cryptocurrency deposits.

Mashinsky frequently presented these products as less risky options compared to those provided by conventional banks. However, the Celsius market boom did not last long since the demise of Terra’s algorithmic stablecoin UST and a slump in the cryptocurrency market had disastrous effects on its business.

Although Celsius initially denied making losses after the Terra Luna collapse, it faced a wave of customer withdrawals. Withdrawals were eventually frozen in June 2022, and a month later, bankruptcy protection was sought.

The Securities and Exchange Commission (SEC) and federal prosecutors in Manhattan are, however, also looking into Celsius in accordance with its bankruptcy filings.

In March this year, the court allowed Celsius withdrawals to resume and in June the crypto lender was allowed to convert its altcoin holdings into Bitcoin (BTC) and Ethereum (ETH).

The post CEL falls after Celisus Network and its former CEO found guilty appeared first on CoinJournal.