Kategorie: Crypto Markets

Ignite Tournaments secured a total of $10 million in funding from strategic investors to create the first mobile play-to-earn (P2E) esports tournament and streaming platform in history, CoinJournal learned from a press release.

Yield Guild and Animoca Brands led crucial investment rounds

The funds were raised in two crucial investment rounds. The first, a $3 million seed round, was co-led by Yield Guild Games and Ascensive Assets. Ignite also closed a $7 million strategic round in February 2022, co-led by Animoca Brands, Infinity Ventures Crypto, and Moon Holdings Fund.

These notable investors bring decades of experience in the traditional and blockchain gaming industry. Robby Yung, CEO of North American Operations for Animoca Brands commented:

Animoca Brands has built its success by investing in and partnering with projects with strong fundamentals both in and out of the gaming industry. It is under this exciting context that we are eager to both invest in as well as to explore integrating our games with Ignite Tournaments.

Thomas Vu, Former Head of Creative and Franchise at Riot Games and Partner at Moon Holdings Fund, added:

We are bullish on Ignite Tournaments. When I led multiple strategic efforts at Riot Games, I always thought that a ‘plug-and-play’ tournament would benefit players. It was inevitable that someone would build such a platform. I am delighted to see what Krystal and Tony have built, and look forward to supporting them in play-to-earn and traditional gaming.

Transforming esports

Ignite Tournaments will lower the entry barrier for gamers worldwide by providing the tools of P2E tournament organization. Payouts are made in NFTs and cryptocurrency. You can stake to earn additional rewards. Ignite is also working on developing web 3.0 infrastructure to improve esports payouts.

Brian Lu, Venture Capital Investor at Infinity Venture Crypto concluded:

It’s clear to me as both a former competitive gamer and VC investor that Ignite Tournaments will completely transform competitive mobile gaming. I am co-leading this round because I want to see Ignite Tournaments add that immense value to all games worldwide; to both IVC’s game portfolio and beyond.

The post Ignite secures $10M of funding appeared first on Coin Journal.

THORChain (RUNE) price has made a huge comeback rallying 26% yesterday after a week of consistent growth that saw a total of 51% increase over the past week. In recent days, it has been one of the networks that crypto enthusiasts are keeping a keen eye on.

At the time of writing, it is trading at $5.57 after hitting a high of $5.77 and a low of $5.25.

What is THORChain (RUNE)?

Before getting into what is behind the current RUNE price hike, let’s first look at what it is.

THORCHain is a decentralized liquidity protocol that enables users to exchange cryptocurrency assets with full custody of their assets. Its native token is referred to as RUNE.

Why is the price of THORChain (RUNE) price rising?

There are several factors behind the current RUNE price surge but the factors are Terra integration and intermediaries bridges elimination.

• Terra integration

In a tweet sent on Tuesday, March 1, 2022, the crypto comapany said that Terra integration is ready for release to the public. Terra Smart Contract Auditor is working together with its developers to ensure that the integration is in full operation before the launching of the mainnet.

THORChain-integrated chains users will be able to exchange stablecoins and LUNA tokens once the integration is complete. Besides, It is also working on DeFiSpot, a decentralized multi-chain, that is built on top of THORChain and it is also ready for a debut alongside Terra.

In addition to the recent strong returns on THORChain-integrated chains, this project offers “boosted APYs’’ where users can now earn 17% on Bitcoin, 19% on native Ethereum, and 60% on Binance USD.

• Intermediaries bridges elimination

THORChain is also working on eliminating intermediaries to allow users to transfer assets across the blockchain directly.

The post THORChain (RUNE) price rallies 51% in seven days: this is what is fuelling the uptrend appeared first on Coin Journal.

The live Ren price today is $0.40 with a 24-hour trading volume of $113.5 million. Ren is up 7.33% in the last 24 hours.  If you are attracted to unique features and want to learn how and where to buy Ren, this guide is for you.

Top places to buy REN 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 REN with eToro today Disclaimer

Bitpanda

BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.

Buy REN with Bitpanda today

What is REN?

Ren is an open protocol built to provide interoperability and liquidity between different blockchain platforms. The protocol’s native token REN functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Ren is ultimately designed to overcome barriers to entry and investment for DeFi projects. As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets to their offerings.

More broadly, users can swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens.

Should I buy REN today?

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

REN price prediction

CoinQuora is bullish on Ren. They predict it will reach $2 by the end of 2022 if the uptrend continues. In the first half of 2022, it’s going to show fast growth, up to $0.9. Then, the growth will slow down, but without major drops.

By 2024, Ren will have reached $10 thanks to anticipated partnerships and integrations, which will boost the price.  

REN on social media

Token Terminal is an underappreciated resource in the DeFi space. Good to see sustainable protocols highlighted @tokenterminal

Ren is right behind Ethereum with a 29.3x P/S ratio ⚖️ pic.twitter.com/ubNvXLZhkK

— Ren (@renprotocol) February 14, 2022

The post REN is surging today, up 7% and counting: here’s where to buy REN appeared first on Coin Journal.

Nomura Holdings, one of the biggest wealth managers in Japan, is setting up a new digital asset unit, which will include cryptocurrencies and NFTs, CoinJournal learned from a press release originally posted on their website.

Capitalizing on increasing adoption of digital assets

Nomura is reorganizing its Future Innovation Company into a newly founded Digital Company in the immediate future. Its main goal is to increase adoption of digital assets and offer relevant services to clients.

NFTs, cryptocurrencies, security tokens, and other digital assets are gaining presence as a new asset class. New types of services are emerging from the fusion of distributed ledger technology and traditional finance.

Kentaro Okuda, Nomura President and Group CEO said:

This is an important next step in our digital evolution. Digital technology is a critical part of our strategic drive to expand our operations in private markets. The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.

Nomura is hopping on crypto bandwagon

The company has about 74 trillion yen of assets under management, equivalent to $641 billion. They intend to promote digital adoption by their subsidiaries. Their announcement follows Rakuten’s recent launch of an NFT marketplace.

Data of Bloomberg indicate Japan’s crypto industry is worth about $1 trillion. The biggest bank in the country, MUFG, launched a stablecoin platform early last month.

Draconian regulations, but there’s hope for Japan

The land of the rising sun grapples with some of the world’s strictest crypto regulations. Crypto exchanges face great challenges in obtaining a license although the government recognizes digital assets.

Corporations have been adopting crypto consistently since last year. Tesla accepts Dogecoin at its supercharger stations and sells some merchandise for DOGE. eBay has released a statement saying it might begin to accept crypto payments as soon as next week. It permits NFT trading.

Ukraine adopted crypto

After the Russian invasion, Ukraine adopted crypto to receive donations, becoming the first country in history to do so. As the national bank closed electronic cash transfers, Ukrainians piled into stablecoin Tether.

The post Leading Japanese wealth managers sets up crypto unit appeared first on Coin Journal.

The crypto market as a whole was higher this morning, with the majority of top 10 cryptos registering gains over the past 24 hours.

Apple (-1.16% yesterday) has joined a chorus of tech firms boycotting Russia. Apple’s customers in Russia can no longer buy any of the iPhone maker’s tech devices or make purchases from its app store.

All three major US indices tumbled yesterday as the fighting between Russia and Ukraine intensified.

Markets may be impacted by the ADP Non-Farm Employment Change report, set to be released at 13:15 GMT. Furthermore, investors will be following Federal Reserve chairman Jerome Powell, who is set to present his bi-annual monetary policy update to Congress today.

Top cryptos

Bitcoin climbed around 1%, trading above $44,000 at time of writing. Ethereum was up around 2%, and Cardano and XRP both registered small gains. Cardano ranks ninth at the moment. Its lackluster performance may relegate it to a spot outside the top 10 soon.

Terra continues to lead in the top 10 in terms of weekly gains, recording 63% today. It has climbed to #7 by market cap. A price surge in Terra’s LUNA token over the past week has made it the second-largest staked asset among all major cryptocurrencies, passing Ethereum.

Top movers

The NEAR price has rebounded sharply in the past few days as demand for altcoins has jumped. The token is trading at $11.43, which is about 56% above the lowest level in February this year. NEAR ranks 22nd and added around 9% to its value today.

Other gainers include Fantom with 12% and THORChain with 17%. Convex Finance is rebounding in a massive way. It’s up 45% today.

Anchor Protocol is also reversing recent losses. It has gained 13% in the last 24 h.

Render is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. It has added 16% to its value today.   

Trending

Dog-themed meme coin Floki Inu is up 19.40% in the last 24 hours on news of a listing on crypto exchange HUOBI. 

FET has been surging ever since it was listed on Huobi a few days ago. The ecosystem is also accepting crypto donations for Ukraine. It added a quarter to its value.  

Frontier recently closed a $100,000 sweepstakes contest and concluded a series of lucrative partnerships with some high-profile platforms. The price of its token FRONT has increased by almost 40% today.

 

 

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