Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

Veröffentlicht am

Terra 2.0 launch delayed to 28 May as major exchanges announce LUNA airdrop support

Terra 2.0 will now launch its mainnet on 28 May 2022, the team behind the blockchain has announced.

While the announcement made via its official Twitter account did not specify the reasons for the delay, it expects the chain’s version two to go live at 6:00 AM UTC (tomorrow 28 May).

“Block 1 of the new chain will be produced following a supermajority of interconnected validators running simultaneously,” the team shared in the thread. 

As for what the community should look forward to, Terra says:

Top crypto exchanges announce LUNA aidrop support

Weeks after a brutal crash of the TerraUSD (UST) stablecoin and the LUNA token, the Terra team is getting ready for reincarnation. This time, there will be no UST.

And despite the controversy, criticism and anger around Terra’s collapse, and opposition to forking the blockchain, a governance vote initiated on May 18 was passed to give way to the new chain.

An airdrop for LUNA, the native token of the new chain will also take place at the genesis block. Binance, KuCoin, and FTX, all support the airdrop.

Other major crypto exchanges to announce support include Bitfinex, ByBit, Huobi, Bitrue, LBank Crypto.com, HitBTC, and Gate

Also expected is the migration of dApps built on what is set to be the old chain Terra Classic (LUNC). However, individual projects will choose when to do so, according to today’s communication.

The post Terra 2.0 launch delayed to 28 May as major exchanges announce LUNA airdrop support appeared first on CoinJournal.

Veröffentlicht am

Binance NFT Marketplace launches “Rh!noX by BinaryX” NFT Collection

Binance NFT Marketplace has announced via a tweet the launch of “Rh!noX by BinaryX” NFT Collection on its Marketplace. The newly launched Collection will be available as a feature in the subscription mechanism.

BinaryX powers CyberArena and CyberDragon, a famous Play-to-Earn game on Binance Smart Chain (BSC). Players can create equipment and characters which are all NFTs. Players can also earn daily rewards and revenues as they have fun.

“Rh!noX by BinaryX” NFT Collection features

“Rh!noX by BinaryX” contains some exclusive NFT avatars with numerous accessories like different backdrops and facial traits. A single NFT costs 7 BNX. 

In addition, “Rh!noX by BinaryX” NFTs provide holders with different privileges and rights on platforms according to their credit ratings.

The future of Binance Smart Chain

In the future, BSC developments will be using NFT items as soulbound certifications and status symbols. NFT avatars can be used to identify key GamFi, DeFi, or Web3 participants and architects.

During the active period of “Rh!noX by BinaryX” NFT Collection, the Binance NFT marketplace will allocate 100 BNX tokens to all top 20 users.

Every account can only purchase 1 “Rh!noX by BinaryX” NFT during the token first sale. After the allocation, the users can sell their NFT on the secondary market. However, the users have to complete the KYC before they start trading their NFTs on Binance’s secondary market.

Users are also awarded BNX token voucher which they can redeem by logging into the account and selecting ‘’Reward Center’’ in the ‘’Account’’. The voucher has a 30-day expiry date for the allocation.

Binance has all the rights to disqualify users who portray malicious activities or those who register numerous accounts to trick the system.

The post Binance NFT Marketplace launches “Rh!noX by BinaryX” NFT Collection appeared first on CoinJournal.

Veröffentlicht am

Highlights May 27: Investors show preference for Bitcoin at expense of altcoins

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. Bitcoin fell slightly, altcoins did worse even though stocks rose. 

Top cryptos

Bitcoin was recently trading at around $29,000, generally unchanged over the previous 24 hours. Ether lost around 8% over the same period and was trading below $1,800. 

Most top 10 altcoins were in the red. Solana is the biggest loser, down by around 10%. Investors show preference for Bitcoin, considered the least risky of all digital assets, amid ongoing worries about an economic downturn and high inflation. 

Relative to other coins, Bitcoin saw a spike in its market cap. XRP and Tron are the only top 20 coins in the green, up by around 2% resp. 1%. 

Top movers

Outside the top 20, the tendency was bearish, with most coins losing 3-8% of their value. Notable standouts include Elrond with a loss of 15%, THORChain with 14%, Loopring 10%, Gala 9%, and Waves 12%. 

The biggest loser, however, is STEPN, down 22%. STEPN is in freefall for three reasons: it was banned in China, a massive NFT selloff is resulting in lower prices, and the crypto market is weak overall. 

UST’s descent continues. It’s currently trading for 4 cents and has lost 52% of its value today.  

On the other end, Decred added 2% and Ethereum Classic gained 3%, continuing its upward trajectory seen in the last few days. Tron’s stablecoin USDD is rapidly rising in the market cap ranking.  

Trending

The biggest winner today is Topchain, which aims to become the world’s leading gaming brand, transforming the industry to create a global decentralized gaming ecosystem. Its token TOPC has added 225% to its value today.  

The post Highlights May 27: Investors show preference for Bitcoin at expense of altcoins appeared first on CoinJournal.

Veröffentlicht am

Tether launches a new stablecoin dubbed MXNT that is pegged to the Mexican peso

Tether has launched a new stablecoin that will be pegged on the Mexican Peso as the stablecoin blockchain makes its debut in Latin America.

In said in a statement, Paolo Ardoino, the CTO of Tether, said:

“We have seen a rise in cryptocurrency usage in Latin America over the last year that has made it apparent that we need to expand our offerings. Introducing a Peso-pegged stablecoin will provide a store of value for those in the emerging markets and in particular Mexico.”

While launching the stablecoin today, Tether said that the new stablecoin dubbed MXNT will initially be available on Ethereum, Polygon, and Tron.

The MXNT is the fourth fist-pegged stablecoin to be launched by Tether so far. The rest of the fiat-pegged stablecoins that have been launched by Tether include the famous USDT (pegged on the US Dollar), the EURT (pegged on the Euro), and the CNHT (pegged on the offshore Chinese Yuan).

Tether’s expansion into Latin America

Tether said that the launch of the new stablecoin will act as a testing ground for onboarding new users in Latin America. The MXNT is expected to pave the way for more fiat pegged stablecoin in the region.

Of the four stablecoins launched by Tether, the USDT remains the most popular and has recently seen massive adoption by investors as crypto investors tend to incline more towards fiat-pegged stablecoins following TerraUSD (UST), which is an algorithmic stablecoin, debacle. The UST meltdown caused panic among investors with algorithmic stablecoins.

The current USDT supply stands at about 77 billion and it remains the largest stablecoin in the world.

The post Tether launches a new stablecoin dubbed MXNT that is pegged to the Mexican peso appeared first on CoinJournal.

Veröffentlicht am

The Sandbox (SAND) rallies on news of Elvis Presley NFTs mint

The price of Sandbox (SAND) is rallying after The Sandbox metaverse platform announced its partnership with Elvis-On-Chain to introduce the ‘King’ of rock and roll NFTs into the virtual world. 

The native token of The Sandbox, SAND, has rallied by over 5% after reaching an intraday high of $1.51 before retracing back to $1.34, up 5.29%.

SAND has been trending against the currents of the ongoing market crash by rallying by 11.9% over the past week after SAND acquired Cualit, an Uruguayan tech firm.

Besides The Sandbox, the other Elvis-On-Chain partners include Elvis Presley enterprises and Web3 studio Run it Wild which came up with the project earlier this year. On the other hand, the other partners of The Sandbox include Voxel Architects, Dappraft, Decentraland, and Metakey.

Elvis-On-Chain Metaverse

For Elvis Presley’s birthday celebration, 1,935 Elvis Genesis Key NFTs that are to be used by holders when entering the Elvis-On-Chain Metaverse that is expected to launch on June 1.

The Sandbox and its partners at Voxel Architects are working on developing avatars that will be used by Elvis fans in the new Elvis world.

Avatars users can become ‘The King’ in several formats in the new world where they can trade digital collectibles and interact with others.

Adam De Cata, Run It Wild Director said:

“These incredible partners, all leaders in the craft, help us build a one-of-a-kind meeting place for Elvis fans. The Elvis metaverse will host an array of ground-breaking experiences, generative collections, a showcase of rare concerts, fan experiences, and real events.”

Adding to Cata’s comment, The Sandbox COO and co-founder, Sébastien Borget said:

“We want to empower his fans to express themselves and become their very own Elvis, creating an exciting way to experience his likeness across generations and keep him forever in the limelight thanks to technology.”

After the Genesis mint, an Elvis party will be held on Decentraland. This will be a Guinness World Record attempt for the greatest Elvis impersonators in one place in the Metaverse.

During the event, the attendants will be able to put on Elvis’s wearables like his styled wig and jumpsuit. Additionally, the Elvis Genesis Key NFTs holders will be given licensed Decentraland wearables.

Other ‘The Sandbox’ news

Virtual lands in the neighborhood of Mega-City in The Sandbox metaverse have also been purchased by two CMT companies; the PCCW and the HKT.

Mega-City is a virtual cultural hub in Hong Kong within The Sandbox metaverse that recently introduced its second stage.

The PCCW and HKT companies are set to bring the first-ever 5G virtual mobile network within The Sandbox metaverse and transform the conventional music, film, and TV content within the Web3.0 space.

PCCW and HKT are also expected to launch the next-gen financial and health technologies and e-commerce solutions that will revolutionize the metaverse industry backed by the 5G network.

The post The Sandbox (SAND) rallies on news of Elvis Presley NFTs mint appeared first on CoinJournal.