Kategorie: Crypto Markets

Tether (USDT), whose market capitalisation of over $82 billion makes it the world’s largest stablecoin, has launched on the Kusama network.

The launch on Polkadot’s “canary network brings the pioneer dollar-pegged stablecoin to yet another blockchain.

Currently, USDT is live on ten major blockchain platforms, including Ethereum, Tron, Solana, EOS, Liquid Network, Omni, Algorand, and Bitcoin Cash’s Standard Ledger Protocol.

Powering transactions on Kusama’s Statemine

Kusama, a scalable multi-chain network of specialised blockchains, provides a platform upon which developers in the Polkadot ecosystem can run experimental projects. The network’s first parachain, which is an individual blockchain that runs parallel within the broader Polkadot ecosystem, is Statemine.

USDT will now be used to power transactions on Kusama’s Statemine parachain, Tether said in an announcement.

Statemine is a sort of “public-good parachain” designed to allow for balance-keeping of all the fungible and non-fungible tokens deployed within the network. With Statemine, developers can deploy various assets, including tokenized artwork and stablecoins.

Mainly, the parachain has helped bolster the Kusama network’s scalability and security. It’s also instrumental in enhancing the interoperability of blockchains.

Beneficial to developers

Tether’s launch on Kusama is a milestone for the stablecoin as well as the cryptocurrency platform. It’s a move that’s set to open up the blockchain to developers, allowing them to explore interoperability to the fullest.

“We’re excited to launch USD₮ on Kusama, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space,” Tether CTO Paolo Ardoino said in the release.

He added:

“For those who believe in the importance of decentralized, permissionless ecosystems, Kusama is a perfect representation of that ethos. It is a platform built to put the control in the hands of its users and we are looking forward to becoming an essential asset in its growing ecosystem.”

With USDT’s usability and accessibility, developers can now tap into multi-chain capability and build trustless applications usable across blockchains.

Kusama (KSM) was trading at $161 at the time of writing, about 4.1% up in the past 24 hours.

The post Tether (USDT) launches on Kusama appeared first on Coin Journal.

The crypto market as a whole was steady today. The majority of top 10 cryptos registered gains over the past 24 hours, following several days of being in the red. 

Top cryptos

Bitcoin was seen flat this morning, trading above $40,000 at time of writing, while Ethereum, Cardano, XRP and Solana were up around 1%, and outside the Top 10, Shiba Inu jumped around 16%. 

The canine-themed meme coin has gained more than 35% since being listed on popular global exchange Robinhood. NEAR is down around 5% after a steady rally over the past few days. 

Top movers

The majority outside the top 20 was stable too, with fluctuations of +/- 1 to 3% in the value. At the time of writing, ApeCoin was up by around 4%. 

Coinbase is making a movie about it and a few days ago, industry leading Bitcoin ATM operator Coin Cloud announced it was adding APE to the Coin Cloud Network fleet-wide. Finally, Compound is up around 7%. 

On the other end, Waves has lost another 10%, bringing its weekly losses to over 30%. The token, which got a lot of support at the beginning of the Russian invasion, is rapidly reversing gains.

Trending

The biggest gainer of the day is Luniverse, a platform building spaces to connect projects with investors in the form of AMA spaces. It is adding functionality to have P2E mini games inside the space. 

Luniverse features an NFT collection called Lunicorns, which is reflective and provides 7% rewards in BNB. They also provide a 10% buyback and burn to the token, LUNI, which is up 2,225% today. 

The post Highlights April 13: Crypto markets steady, Shiba Inu soars appeared first on Coin Journal.

Shiba Inu gained 35% after it was listed on Robinhood, one of the leading trading platforms globally. In addition, the team announced that its land sale on the metaverse is live. The coin gained another 20% today. 

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

Top places to buy Shiba Inu now

As SHIB is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SHIB using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SHIB right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for SHIB

Now that you’re connected, you’ll be able to swap for 100s of coins including SHIB.

What is Shiba Inu?

Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu Japanese dog breed. Shiba Inu is widely considered to be an alternative to Dogecoin. Its supporters tout it as “the Dogecoin killer.”

Like Dogecoin, Shiba Inu is a meme coin. It was created in August 2020 by a pseudonymous individual or group called Ryoshi.

According to the white (“woof”) paper, Shiba Inu was conceived of as a cryptocurrency project 100% run by its community. Its founder attributes its origins to an “experiment in decentralized spontaneous community building.” 

According to him, the power of collective decentralization can build something stronger than a centralized team ever could create.

The purpose of the project was to create something out of nothing. It was not founded from a pre-gathered team or an existing community. The love of Shiba Inu dogs also had a lot to do with it.

Should I buy Shiba Inu today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

Shiba Inu price prediction

According to Business2Community, Shiba Inu will reach $0.000030 this year. At the end of 2023, it will trade for $0.000040. Within two years, the Shiba Inu community is expected to grow even more and SHIB will cross $0.0001.   

Shiba Inu on social media

BREAKING: Robinhood appears to have listed #SHIB

Full story coming soon! pic.twitter.com/J5CJXaxksJ

— Oliver Barsby (@OliverBarsby) April 12, 2022

The post You can buy Shiba Inu, which added a fifth to its value today: here’s where appeared first on Coin Journal.

The price of Monavale (MONA) coin has risen by 50.81% today to trade at $472.75 at the time of writing. The coin has risen by 114.5% over the past month.

In this article, we will focus on what is causing the Monavale price to rally.

What Is Monavale (MONA)?

Monavale is a Creative Commons (CC0) powered by the open Metaverse and Web3 Fashion. It was launched in December 2020. 

Monavale (MONA) is the native token for the DIGITALAX platform and ecosystem which is the leading indie fashion NFT platform that features marketplaces like Metaverse boutique designs, digital fashion, and physical fashion.

DIGITALAX community consists of designers, modders, gamers, developers, and crypto enthusiasts. It also has a team that ensures that the communication flows by maintaining a regular schedule that can be reached from various social networks.

You can also check the platform staking dashboard where users can connect through a Web3 wallet (MetaMask).

Why is Monavale price rising?

There are two main reasons for the current bullish trend of MONA price and they are the CC0 DAO Membership NFTs news and the FUD FAQ release.

1. CC0 DAO Membership NFTs news

One of the main reasons that can be attributed to the current price hike is the news about the CC0 DAO Membership NFTs that will allow users to join the CC0 DAO by purchasing a membership NFT from DIGITALAX or other sale events or even by contributing to DAO through CC0 NFT auction.

2. FUD FAQ release

Yesterday, April 11, the team released a FUD FAQ, where it discussed the future of the NFT market and Web3 as well as highlighted the ongoing events in the industry.

DIGITALAX also released its March transparency report at the end of March giving a summary of the expenditures which showed that the team was well organized when it comes to the management of DAO’s other developments.

Besides, the DIGITALAX project has a staking dashboard, fantastic indie art, DAO governance, and a robust NFT marketplace.

The post Why did Monavale (MONA) price surge by over 50% today? appeared first on Coin Journal.

After a long wait, Shiba Inu (SHIB) has finally been listed on Robinhood. The meme-coin was listed today alongside other major cryptocurrencies that included Polygon (MATIC), Solana (SOL), and Compound (COMP)

The listing comes after a year of vigorous lobbying from the SHIB community which last year had collected signatures to appeal to Robinhood to list the dog-themed token.

Just last year, Robinhood CEO Vlad Tenev had indicated that the US trading platform had no real plans of listing SHIB anytime soon and in a Q4 2021 earnings call, he said:

“We’re being deliberate. We want to avoid triggering SEC registration requirements for cryptocurrencies.”

Robinhood is however yet made an official announcement and it does not seem as if the added coins are yet for trading yet.

Robinhood already supports Dogecoin (DOGE), which is also a dog-themed meme coin.

Shiba Inu (SHIB) price surge following the news

Immediately the news on SHIB listing on Robinhood broke, the price of SHIB shot up by over 10% and it was up by 15.65% at the time of writing.

The price of Shiba Inu has long stagnated below $0.00003 since the drop between the end of November 2021 and the end of January 2022. The SHIB community expects the Robinhood listing to propel the meme coin’s price to at least above $0.00003 even as it awaits the launch of Shiba Inu’s metaverse.

Plans to integrate Bitcoin Lightning into Robinhood

At this year’s Bitcoin Conference 2022 in Miami, Robinhood, chief product officer, Aparna Chennapragada, revealed Robinhood’s plan of integrating the Bitcoin Lightning Network into its platform to enable faster transactions.

The Lightning Network is a layer-2 network built on Bitcoin that allows speedier transactions at a much lower cost.

In a recent post, Robinhood said:

 “Enabling send and receive functionality is just the first step in an exciting journey for Robinhood Crypto. We’re building to enable customers to do more with their wallets and reduce cost wherever we can when they interact with the crypto ecosystem.”

The post Robinhood finally lists Shiba Inu causing SHIB price to surge appeared first on Coin Journal.