Kategorie: Crypto Markets

The token of Kyber Network gained 22% yesterday and added another third to its value today, retesting highs from last week. How will its price move?

Look no further than this short article for all the details about KNC: what it is, is it worth investing in, and the best places to buy KNC now. 

Top places to buy KNC now

Bitstamp

World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy KNC with Bitstamp today

Celsius

Celsius is proud to provide a platform of curated services that have been abandoned by big banks – things like fair interest, zero fees, and lightning quick transactions. Our goal is to disrupt the financial industry, one happy user at a time, and introduce financial freedom through crypto.

Buy KNC with Celsius today

What is KNC?

KNC is the native token of Kyber Network Crystal v2, which describes itself as the top multichain DeFi liquidity hub. It aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). 

Its main goal is to enable DEXs, DeFi DApps, and other users to access liquidity pools that provide the best rates. All transactions on this network happen on-chain, which means any Ethereum block explorer can verify them easily. 

Projects can build on top of Kyber to use its services, such as liquidity aggregation, instant settlement of tokens, and a customizable business model.

Should I buy KNC today?

KNC can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

KNC price prediction

Digital Coin predicts KNC will reach $3.99 in 2023 before dipping to $3.83 in 2024. In 2025, it will bounce back, hitting $5.28. They forecast another drop to $4.83 in 2026 before recovering to $6 in 2027.

KNC on social media

#Knc is retesting its high from last week!$knc #kyberswap pic.twitter.com/m60gJy6t7P

— LeonXYO (@LeonMay07861086) May 17, 2022

The post You can now buy KNC, which gained 33% today: best places to buy KNC appeared first on Coin Journal.

IDEX is soaring due to limited coin supply among other reasons. It ranked first in a chart released by the prominent Hoo Exchange on May 17 with a growth rate of 66.87%. 

The pledger uses the IDEX token and runs Idexd pledge software to operate the node. Pledgers earn 50% of the transaction fees charged by the network as a reward for their work. 

If you are attracted to unique features and want to learn how and where to buy IDEX, this guide is for you. 

Top places to buy IDEX now

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy IDEX with Coinbase today Disclaimer

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy IDEX with Swapzone today

What is IDEX?

Idex is the first hybrid liquidity DEX that combines an order book model with an automated market maker. It blends the performance and features of a traditional order book model with the security and liquidity of an AMM. 

Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with on-chain trade settlement. 

This approach does away with failed trades and wasted money on gas fees, making the trading experience more pleasant and efficient. 

The instant trade execution prevents front-running or sandwich attacks and users can trade without waiting for previous trades to settle. More advanced order types and trading strategies can be executed since limit orders are possible. 

Should I buy IDEX today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

IDEX price prediction

IDEX broke $0.1 today, but will it continue to surge? Wallet Investor definitely thinks so. They predict it will be worth $0.63 in 5 years. 

An investment in this time will generate revenue of around +525%. If you invest $100 in it now, you could have $625 in 2027.

IDEX on social media

sana nakasabay kayo kagabi.
para happy lahat#IDEX pic.twitter.com/DL3WnJQopV

— CryptoNito (@Kinito_1986) May 18, 2022

The post IDEX is exploding, up 56% in 24 hours: here’s where to buy IDEX appeared first on Coin Journal.

Bitcoin mining has picked up again in China, a new report suggests.

According to a study by Cambridge University, Bitcoin mining activity in China has slowly surged to currently account for 21% of the total global hashrate.

The report released on Tuesday comes nearly a year after a massive Chinese crackdown on crypto mining and trading drove miners out of the country. As the exodus of miners found its way into the US and other countries, the overall hashrate securing the Bitcoin network from within China fell dramatically.

Per the report, miners have launched “covert mining operations”, the result of which is the uptick in the hashrate from virtually zero to nearly a quarter of global output.

“In China, following a sudden uptick in covert mining operations after the June 2021 government-mandated ban on Bitcoin mining, the country has re-emerged as a major mining hub,” the Cambridge Centre for Alternative Finance (CCAF) noted in its research report.

But while there’s a re-emergence of activity in the Chinese market, bringing it to second globally, the majority of computational power currently securing the Bitcoin network is in the United States.

Cheap electricity and favorable outlook across several jurisdictions mean 40% of hashrate is from US-based miners, a scenario likely to see the US top remain top of the list.

China’s 21.11% of global hashrate puts it ahead of Kazakhstan which accounts for 13.22%, Canada with 6.48%, and Russia with 4.66%.

According to data from Blockchain.com, the Bitcoin hashrate has steadily risen since the lows reached in early July 2021. The 7-day average chart shows the total network hashrate stands at 219.4 EH/s (exahashes per second).

Bitcoin currently trades around $30,030 as bulls continue to battle massive bearish pressure. 

The post China returns as second-largest Bitcoin mining hub: report appeared first on Coin Journal.

Crypto.com, a growing crypto platform, has announced that Shopify merchants will now be able to receive crypto payments from customers using Crypto.com Pay. The move gives Shopify users an expanded reach by offering customers more payment options.

Crypto.com said it shall waive the 0.5% settlement fee on all transactions that the Shopify users make for at least one month to welcome them on board. That means that Shopify merchants using Crypto.com pay will enjoy a 0% settlement fee on all crypto transactions for at least one month.

Crypto payments on Shopify

The Crypto.com pay will allow Shopify merchants to instantly receive cryptocurrency payments from the growing base of Crypto.com users at zero transaction cost.

The crypto.com Pay is an off-chain service that is accessible to Crypto.com App users around the world.

In addition to the zero transaction fees, Crypto.com also offers customers crypto-cashback pay rewards when they pay using the Cronos token (CRO), which is the native token of Crypto.com. Customers could get up to a 10% pay reward during the promotion period which will last for a month.

The integration of Shopify with Crypto.com Pay underscores the Crypto.com Pay app as a preferred cryptocurrency payment app for online merchants looking for crypto payment options.

Following the integration, the co-founder and CEO of Crypto.com, Kris Marszalek, said:

“Providing more customers and merchants the ability to engage in commerce using cryptocurrencies is a priority for Crypto.com. We are incredibly excited to integrate into Shopify, and to bring this capability to even more customers and merchants around the world.”

About Crypto.com Pay

Crypto.com Pay saves users 80% on transactions compared to the traditional payment processors. It does not charge any transaction fees other than the 0.5% settlement fee.

Secondly, users do not pay any setup costs and the integration with Shopify merchant stores only takes minutes.

When using Crypto.com Pay, customers can pay using more than 20 cryptocurrencies including BTC, ETH, CRO, DOGE, SHIB, and APE.

Commenting on the integration, the Lead of Blockchain Ecosystem at Shopify, John S. Lee, said:

“We’re happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders. Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what’s possible in commerce.”

Since it was launched in 2018, Crypto.com Pay has been integrated on different platforms to benefit merchants. Some of the platforms that have so far integrated Crypto.com Pay include TIME Magazine, WooCommerce, Oveit, Coinzilla, and Ledger.

The post Shopify merchants can now accept crypto payments using Crypto.com Pay appeared first on Coin Journal.

Investors added to their positions during last week’s price dip, CoinShares said in their latest report.

Bitcoin funds recorded weekly inflows of nearly $300 million even as the market recoiled from the devastating collapse of Terra’s LUNA and UST.

According to CoinShares’ Digital Asset Fund Flows Weekly Report, investors bought into the price weakness, adding $299 million to Bitcoin funds.

“Bitcoin was the primary benefactor, with inflows totalling US$299m last week, suggesting investors were flocking to the relative safety of the largest digital asset. Short-Bitcoin saw minor inflows totalling US$0.7m, a slow-down from previous weeks.”

Per the report, North American investors poured $312 million into digital asset investment products, despite the terrifying crash that followed UST’s de-pegging and LUNA’s 100% crash.

Outflows over the week came in at $38 million from European investors, “where sentiment was polarized,” CoinShares wrote. 

In total, inflows into crypto investment products totaled $274 million over the last week.

While Bitcoin saw an increase in flows, Ethereum recorded outflows of $27 million. Year-to-date, Ethereum products have seen outflows of $236 million, or 2.6% of the total assets under management (AUM). Inflows into Bitcoin products stood at $463 million year-to-date last week.

Terra’s AUM fell 99%, although some investors still managed to add to positions by $0.043 million.

BTC/USD and ETH/USD

Bitcoin price is up 3.6% in the past 24 hours, currently trading near $30,750 while Ethereum’s ETH is also up 5.4% to $2,120, according to data from CoinGecko.

The post Investors poured $300 million into Bitcoin amid last week’s price weakness: CoinShares appeared first on Coin Journal.