Kategorie: Crypto Markets

On Monday Japan’s Financial Services Agency (FSA) together with the Ministry of Finance ordered Crypto exchanges to stop processing transactions involving sanctioned assets, individuals, or entities in sanctions leveled against Russian and Belarus after Russia invaded Ukraine.

This order came to effect after Group of Seven (G7) nations (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) noted that Russians had started utilizing digital assets. They stated that they will be very strict with the illegal Russian actors who are trying to use their digital assets to transfer and enhance their wealth.

The use of Cryptocurrencies by Russia to be around sanctions because it invaded Ukraine has become a rising issue among the G7 major countries, Germany, Canada, United Kingdom, Japan, France, United States, and Italy.

On Friday, the US Treasury Department asked all the crypto businesses in the United States to adhere to the new guidelines that prohibited them from doing transactions with sanctioned entities and individuals.

Law violators

To make the new rules effective and strictly adhered to, the FSA and the Ministry of Finance made a joint announcement where they revealed the new steps that will be followed to prevent funds transfer using crypto assets that violate penalties.

Japan has been slow in adopting rules and regulations to be used on private digital currencies, however, G7 and G20 countries stood in the gap and urged for more regulations of Stablecoins.

Japan’s FSA said that any unauthorized transfer to sanctions-related targets via crypto assets will be termed as a criminal offense and will lead to 3-year imprisonment or a cash bail of 1 million yen ($8,487.52). As of 4th March, 31 crypto exchanges were operating in Japan.

However, in all these discussions, the European Union (EU) has been acting as a guest with representation by the European Commission and the European Council.

The post Japan’s FSA orders crypto exchanges to adhere to the imposed sanctions appeared first on Coin Journal.

Major cryptos registered mostly small losses. On Monday, the European Parliament’s Committee on Economic and Monetary Affairs voted down a bill that could have outlawed proof-of-work in EU territory.

US indices slipped yesterday amid uncertainty ahead of the Federal Reserve’s eagerly awaited policy meeting today. The NASDAQ100 was down 2%, the SPX500 0.75%, while the DJ30 was flat. China-based tech stocks led the declines.

Shares of TV-ratings company Nielsen surged 30% on Monday after it was reported that a group of private-equity firms was in talks to buy the company for about $15 billion.

Top cryptos

Ethereum, Solana, XRP, and BNB lost around 2% each. Bitcoin lost around 1.6%, trading under $40,000 at time of writing.

Terra’s native token Luna is the biggest gainer in the top 20 coins by market cap today. This has been true for it for a few weeks now.

Top movers

THORChain is the biggest mover in the top 100 without a doubt. It added another 11.61% to its value today, bringing its weekly gains to 78%. It is rallying after the cross-chain DeFi project’s rollout of synthetic assets and the announcement of a launch date for a suite of new features called THORFi.

After a successful acquisition, Elrond has gained 7%. eCash is up 5%. BAT continues its steady rise. It’s trading for $0.73 with a 24-hour trading volume of $162.18 million. The token, which ranks 72nd by market cap, is up 4.72% in the last 24 hours.

The popularity of Stellar has been rising ever since an XLM token burn two days ago. The 30th biggest coin by market cap achieved a weekly gain of around 4%. According to some analysts, it’s about to break out.

Today, OIG announced a partnership with ioTexPad, the first ever launchpad built on IoTeX. The live IoTeX price today is $0.07 with a 24-hour trading volume of $40.2 million. IoTeX ranks 92nd by market cap and has gained 7% today.

The Graph’s price has risen sharply in the past few weeks. It’s currently trading for $0.36. The platform’s ecosystem is expanding, a fact welcomed by investors. However, some analysts anticipate a bearish turn.

At the other end, the vast majority of top 100 coins lost 2-4% of their value.

Zcash and Anchor each lost 10%. The predictions that Zcash, a privacy token, would start to dip after a meteoric rise have proven accurate. It was rallying on popularity of privacy coins a few days ago against the backdrop of the Russia-Ukraine war.  

Trending

The biggest gainer of little-known coins is Ziktalk, currently trading for $0.009. Its token ZIK generated a 24-hour trading volume of $1.4 million and has gained 1,083% today.

Ziktalk is a Web3 short video platform with over 650,000 users that allows content creators and consumers to earn ZIK tokens for interactions within the app.

It uses the concept of “social mining”, which involves rewarding users for contributions that benefit the growth of the ecosystem. 

Ziktalk provides monetization opportunities to 98% of content creators, whose earnings are below the poverty line, and also supports users in developing countries.

The post Highlights March 15: Major cryptos in the red, China tech firms lead US indices lower appeared first on Coin Journal.

The popularity of Stellar has been rising ever since a token burn two days ago. The 30th biggest coin by market cap achieved a weekly gain of around 4%.

Look no further than this short article to get the details on Stellar, such as if it’s worth buying, and the best places to buy Stellar now.

Top places to buy Stellar now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy XLM with eToro today Disclaimer

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy XLM with CAPEX today Disclaimer

What is Stellar?

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked.

Soon thereafter, its priorities shifted to helping financial firms connect with one another through blockchain technology.

The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.

Should I buy Stellar 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.

Stellar price prediction

Stellar was changing hands for around $0.17 at the time of writing. Digital Coin Price predicts 1 XML will trade for $0.24 on average this year and $0.34 in 2025. By 2030, it could average $0.80.

Price Prediction is slightly more bullish, putting the coin at an average of $0.26 in 2022. However, its longer-term prediction is quite optimistic. They forecast an average price of $0.74 in 2025 and $5.11 in 2030.

Stellar on social media

$XLM 4H chart
The most relevant resistances, signals, and moves during the next coming days.
A break-out of the descending resistance, that goes back to Nov 2021, and reclaim of $.206 will trigger move toward $.25, with stop-loss on the chart. #XLM #Stellar #Lumens #XRP #Bitcoin pic.twitter.com/tShn1Fy1Ee

— STΞLLΞR TRADING (@STELLAR_trading) March 13, 2022

The post You can now buy Stellar, which is about to break out: here’s where appeared first on Coin Journal.

Disney Pixar Pals NFTs collectibles launched on March 13 on the digital collectibles marketplace Veve, sold out within 24 hours. Crypto enthusiasts bought all the 54,995 NFTs.

The NFTs consisted of memorable moments and iconic characters created by Pixar Animation Studios. Examples of the NFT characters included Sherrif Woody, Lightning McQueen, Mike Wazowski, Edna Mode, and The House from Up.

Blind box

Users were collecting their NFTs from a blind box, meaning they purchased randomly without knowing what they purchased. They would only know what they collected/purchased after making payment.

Each Pixar piece was going for 60 gems (equivalent to $60).

Multiplying the number of collectibles by their unit prices, it is estimated that the total value of all the purchased NFTs was about $3.3 million.

Hours after the NFTs drop sold out, items on in the Pixar drop were selling for over 350 gems on the secondary market.

Veve NFTs marketplace

First, the Veve marketplace is a product of the ECOMI blockchain whose native token is OMI.

The NFTs dropped on the Veve NFTs marketplace are currently minted on GoChain blockchain, which developers claim to be fast, environmentally friendly, and completely compatible with Ethereum (ETH).

NFTs on Veve are traded using Gems, which are Veve’s in-app tokens. Gems are exchangeable for digital assets on a ratio of 1:1 to the dollar. Currently, it is not possible to directly convert Gems into fiat but the possibility of doing so is in the testing phase.

Since Veve is a product of ECOMI Gems are somehow connected to the OMI token. Whenever an NFT is bought using Gems, 100% of the equivalent value of OMI tokens is burnt while the purchased NFT is transferred to the account of the new owner.

It is important to note that OMI tokens can be converted into Gems but Gems cannot be converted into OMI tokens mainly because doing so would reduce the price of OMI.

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The Tesla and SpaceX CEO, however, feels rising inflation makes “physical things” like homes and stocks in companies „with good products“ better investment choices.

Elon Musk has said he isn’t going to sell his crypto holdings in Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).

Musk, whose first purchases of Bitcoin coincided with the onset of the 2020-2021 bull market, however, does appear to favour investments in “physical things” amid rising inflation.

The Tesla and SpaceX CEO noted this on Monday, tweeting that real estate or stocks of companies making „good products“ could be better than dollars given the high inflation.

US inflation has paced at its fastest rate year-over-year, with February’s data pointing to a 7.9% reading. It’s the highest level at which prices have risen in 40 years, with pandemic-era monetary and fiscal stimulus a key driver that has only been exacerbated by the war in Ukraine.

„As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high,“ Musk noted in the Twitter thread.

„I still own  and won’t sell my Bitcoin, Ethereum or Doge fwiw,“ he added.

His comments come as the global markets face significant selling pressure amid sanctions against Russia for invading Ukraine.

Bitcoin slipped alongside in the days after the invasion, while a ban on Russian oil exports pushed oil prices to multi-year highs. Prices of gold, palladium, copper also rose significantly.

Bitcoin is up 1.3% over the past week, currently near $38,200, while Ethereum (ETH) is just under 1% and Dogecoin has declined 5% this past week. 

Meanwhile, European shares are trending higher in early deals amid optimism over talks between Ukraine and Russia. 

Oil is down about 5% after last week’s ban on Russian exports and a major lockdown in China due to a new surge in Covid infections.

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