Kategorie: Crypto Markets

Despite starting with noticeable declines yesterday, cryptos showed an impressive recovery over the past 24 hours. 

London-listed firms with strong links to Russia dragged the UK100 (-2.26%) deep into the red yesterday. Investors sold out of Anglo-Russian miners Polymetal International (-36.07%) and Evraz (-30.28%) in droves, making them by far the index’s worst performers.

US markets were able to post new gains. The SPX500 (+1.28%), NASDAQ100 (+3.13%) and DJ30 (+0.03%) all climbed higher.

Top cryptos

Bitcoin was up more than 10% at time of writing, joined by 6 other top 10 cryptos recording gains of 8% or more. The recent uptick could be attributed to sanctions on Russia announced by US President Biden, which include limiting the use of several major fiat currencies.

Terra is the biggest winner among top cryptos, up 23% today. It is surging on news trading with the LUNA pair has opened on Bittrex, among others.

Top movers

All top 100 coins are in the green. Anchor Protocol is a standout with 23%. Fantom gained 15% and Maker is up 19%, reversing yesterday’s prominent losses. Gala also gained 15%. Amp and Arweave are up 18%. Theta Fuel gained 14%.  

Neo and Zcash are both up around 13%. Zcash is on its way to breaking $100. Convex Finance, yesterday’s biggest loser, recovered 17% of its losses today.  

Trending

The meme token MetaDogecolony added 360% to its value. In its simplest terms, its token DOGECO is a play-to-win token. At the moment, you can play the game consisting of 1-30 levels, which the team has released as a demo on its site. 

Lucky Block is pushing for a global, blockchain-based lottery system. Its token LBLOCK has added more than a third to its value in the last 24 h.

Fantom is pushing the price of BOO up. BOO is the native token of SpookySwap, an automated market-making decentralized exchange (DEX) for the Fantom Opera network.

It is surging today with gains of 31% in the last 24 hours. Users can now provide liquidity for the Fantom-Revault trading pair on the DEX.

The post Highlights Feb 25: Cryptos recover, UK100 ends deep in the red appeared first on Coin Journal.

SpookySwap is an automated market-making decentralized exchange (DEX) for the Fantom Opera network. It is surging today, having gained 31% in the last 24 hours. Users can now provide liquidity for the Fantom-Revault trading pair on the DEX.

This guide has all the information you need: what SpookySwap is, is it worth investing in, and the best places to buy SpookySwap today.  

Top places to buy SpookySwap now

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

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

What is SpookySwap?

SpookySwap is an all in one decentralized exchange for leveraging diversified funds across ecosystems with the speed of Fantom Opera.

It enables users to swap tokens on the Fantom network with low fees, collect swap fees from the liquidity pool, and stake proof of liquidity contribution at farms to start earning BOO, Spooky’s native token.

They are working towards a platform governed through community voting, with expert trading mode, a fast and polished UI, and limit orders. It will integrate a bridge, Certik audits, and snapshot governance.

Spooky uses the Fantom network to deliver top speed, security, and scalable transactions. They promise users swaps will cost a fraction of a penny. Finally, SpookySwap is trying to make crypto less cryptic, placing an emphasis on functionality and usability.

Should I buy SpookySwap 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.

SpookySwap price prediction

Wallet Investor is bullish on SpookySwap. They predict a long-term increase. 1 BOO will be worth $63.30 in 5 years. In that time, an investment will generate revenue of around +218%. If you put $100 in SpookySwap, it might be up to $318 in 2027.

SpookySwap on social media

SpookySwap 3-month AltRank™ is down -48.55% to 178 with price up 5.18% to $19.74 https://t.co/yNYbSqT08U$boo #spookyswap #LunarCrush

— Kyaw Min Lwin (@KyawMin02248349) February 25, 2022

The post SpookySwap soaring after Fantom-Revault integration: best places to buy SpookySwap appeared first on Coin Journal.

The live Lucky Block price today is $0.006 with a 24-hour trading volume of $8.7 million. Lucky Block has added more than a third to its value in the last 24 h. If you are attracted to unique features and want to learn how and where to buy it, this guide is for you.

Top places to buy Lucky Block now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

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

4. You can now swap your BNB for LBLOCK

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

What is Lucky Block?

It aims to create a global lottery system where players use blockchain protocols. Its focus is on further transparency and fairness in gaming.

They want to create a lottery where every player enjoys better odds while providing a solid investment strategy for token holders and contributing to the community.

Blockchain technology allows for near-instant prize pay-out alongside full tracking and recording, regardless of the win size via Distributed Ledger Technologies. In addition, blockchain certifies both players and their tickets, reducing the likelihood of information loss, destruction or tampering.

Lucky Block will reduce draw times and allow multiple draws per day, giving players more chances to win while lowering costs per lottery. In addition, low margin operations will allow players to partake in lotteries aligned with their risk appetite for better odds.

Should I buy it today?

The crypto is surging on news of several listings, but it suffered a crash recently and is very far from its all time high of $0.02. Take all investment advice with a grain of salt.

LBLOCK price prediction

Price Prediction forecasts a minimum price of $0.007 in 2023. However, they predict the Lucky Block price can reach a maximum of $0.009. In 2024, 1 LBLOCK will trade for at least $0.01, topping its ATH.

It can go up to $0.012 with the average trading price of $0.011. 1 Lucky Block is expected to reach at least $0.015 in 2025.

Lucky Block on social media

$LBLOCK #Luckyblock is making a nice recovery today. Still a way to go to my last selling point, but i might buy back some. pic.twitter.com/ihxgZshm6E

— Michel_Crypto #XDC #iso20022 (@MichelCrypto1) February 25, 2022

The post Lucky Block Price is surging today, up 37%: here’s where to buy it appeared first on Coin Journal.

The court’s verdict makes use of virtual assets criminal and stipulates heavy prison sentences and penalties.

The Supreme People’s Court, the apex court in China, on Thursday ruled that transacting virtual assets is “illegal fundraising.”

The Supreme Court ruling comes with amendments to previous designations of various articles regarding the topic of crypto transactions.

In one of the amendments, item 8 of Article 2 encompasses “illegal fundraising by way of online lending, investment in shares, [and] virtual currency transactions,” the court ruled.

The court’s decision gives authorities the power to prosecute suspects and apply necessary penalties.

According to the court, those suspected to have engaged in illegal fundraising face prosecution as stipulated under Article 176 of the country’s criminal law. Persons guilty of illegally handling large amounts of money face three to ten years in prison and a fine of between RMB 50,000 and RMB 500,000 (($7,900-$79,000).

Suspects arrested on charges involving smaller amounts face jail terms of up to three years. Additional fines of between 20,000 and 200,000 RMB (roughly ($3,160 to $31,600).

According to details in the ruling, the new amendments take effect on 1st March this year.

China banned crypto trading and mining in 2021, doing so in a crackdown that reinforced what the country’s regulators had already put in place in previous years.

The post China’s Supreme Court declares crypto transactions as ‘illegal fundraising’ appeared first on Coin Journal.

At 4am local time this morning, Russian president Vladimir Putin announced a military operation against Ukraine, live on national TV. He claimed the action was necessary to “defend” the Russian-speaking people living in the country. This effectively torpedoed Bitcoin.

Here’s what 3 notable crypto personalities had to say.

Buterin: Ethereum is neutral, but I’m not

Ethereum cofounder Vitalik Buterin condemned the decision on Twitter in his native Russian language:

Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. Russia’s invasion of Ukraine is a crime against both the Ukrainian and Russian people.

SBF: Do something nice for someone

Sam Bankman-Fried, the CEO of crypto exchange FTX, also took to Twitter. He was far less succinct than Buterin, offering a Bitcoin price prediction against the backdrop of war:

In the last day, the S&P500 is down about 4%, and BTC is down about 8%. There are 2 types of people in the world: fundamental investors and algorithm followers. Fundamental investors look at the situation and are uncertain which direction BTC/USD should move.

Algorithm followers consult the data.  Historically, what’s the trend? Over the last year, there’s been a really high correlation between crypto and equities. The main reason is monetary policy: moves in expectations of inflation and interest rates change in USD and other fiat currencies.

The algorithms look at the data, and decide based on that: BTC should be 80% correlated to the S&P500, with a beta of 4 (i.e. if S&P500 moves 1%, BTC moves 4%).

Then war happens.

Fundamental investors are neutral, but algorithmic investors see the S&P500 go down 4%, and so expect BTC to go down 4*4%=16% based on historical studies.

Fundamental investors are buying and algorithmic investors are selling; BTC ends up halfway in between, down 8% on the day, half of the 16% that the algorithmic investors predict. At which point their model updates a bit–BTC went down less than the 4x they predicted–and a cycle begins.

He then switches gears:

Maybe the real effect here is liquidity. If you’re risk averse, maybe you’re selling whatever you have right now, because who knows what’ll happen. And markets are illiquid right now–who’s buying volatile assets?

He admits he has no idea what will happen next, concluding:

Do something nice for someone. The world could use it right about now.

Nick Schteringard: This man is out of his head

Russian crypto news outlets with staff in Ukraine have felt the impact. Nick Schteringard, chief editor of Russian-language crypto news outlet ForkLog, said the lives of several key members of the team were at risk. He was adamant:

It’s absolutely clear that this man [Putin] is out of his head and has to be stopped.

Schteringard added, perplexed:

I don’t quite understand people who are now taking to Twitter to post about how the war brings an opportunity to buy the dip. What Bitcoin, what stocks, just wake up, the war is at your doors!

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