Kategorie: Crypto Markets

Samsung, the largest asset management in Korea, is planning to list its first crypto exchange-traded fund (ETF) which has been experiencing traction since January 2022. Besides, other major industries are also eyeing to join the crypto EFT.

Samsung dominates the crypto industries 

According to a local media report, the listing will be the first Asia ETF to include actual cryptos as the capital market company tries to make itself readily available to the globally growing blockchain market.

However, this will indirectly involve digital assets as a there might be a delay in its domestic listing similar to this week’s Australia delay as they launched 3 crypto-related ETFs.

The management had recently purchased a 20% stock worth $30 million in AmplFi, a US-based management firm, gaining AmpliFi EFT sales in Asia.

Besides, there were speculations that the much-anticipated launch of ETF will use the same structure as the AmpliFi. A firm is required to invest a minimum of 80% of its net asset in the equity securities of the blockchain companies.

The issue of investing in crypto-related companies is becoming famous day by day. Some of these companies include NVIDIA which makes GPUs for Bitcoin (BTC) mining and Silvergate which offers banking services, in addition, there are other financing organizations like Coinbase, Galaxy Digital Holdings, and many more.

However, the current trends of Crypto ETFs are one of the ways that are being carried out today to invest in the digital assets with Samsung asset management listing Crude oil EFTs, FANG+, and many more on the Hong Kong stock exchange.

The post Samsung to list first Crypto ETF in Hong Kong appeared first on Coin Journal.

Bitcoin has failed to strengthen above the $40K again after yesterday’s brief upside that pushed it to highs of $40,280. Today’s market action has seen BTC retreat to lows of $38,750, although the benchmark crypto currently trades just above $39,000 according to data from crypto price tracker CoinGecko.

The negative flip is also being witnessed across the rest of the market, with total market capitalisation down 1.8%. Ethereum, the second-ranked cryptocurrency by market cap is off 1.5% in the past 24 hours.

Recession fears could aid risk assets

Current struggles for Bitcoin also align with a slowdown in stocks on Friday as shares of tech giants Amazon and Apple fell after their respective earnings reports a day earlier.  The S&P 500 was 1% down in early morning trading, while the Dow Jones Industrial Average had opened 0.4% lower and Nasdaq Composite was losing by 0.7%.

The surge in volatility is likely to elevate further losses amid concerns around US Federal Reserve’s tighter monetary policies. The Fed, which meets next week, is expected to increase interest rates by 50 basis points; a factor that market observers say could impact economic recovery.

Marcus Sotiriou, an analyst at digital asset broker GlobalBlock suggests the possibility that a higher rate hike and overtightening from the Fed could steepen economic decline might present a bullish signal for Bitcoin.

In a note shared via email on Friday, Sotiriou said:

“US GDP contracted by 1.4% in Q1 2022 as recession fears heighten. This is bullish for risk assets like Bitcoin and equities in my opinion, as the Federal Reserve may become less hawkish to avoid a recession.”

The 1.4% year-over-year contraction in the first quarter of 2022 is the first time GDP has shrunk this much since Q2, 2020.

Bitcoin’s immediate outlook

Noteworthy for investors though is that the correlation between Bitcoin and stocks has increased over the past several months.

As such, declines across the equity markets arising from jitters around geopolitical turmoil and fresh COVID outbreaks could pull BTC lower. 

On the flip side, a spike in upside momentum in the stock market could also help Bitcoin break above immediate resistance levels.

The post Analyst: Recession fears could be bullish for Bitcoin (BTC) appeared first on Coin Journal.

ApeCoin has rallied over 10% amid a surge in purchases by investors and whales and the rising popularity of Yuga Labs’ metaverse project, the Otherside.

At the time of writing, ApeCoin was trading at $22.86, up 13.39% after dropping from a daily high of $26.91.

The cancelation of the Otherside Auction by Yuga Labs has been the greatest reason why the price of ApeCoin, a cryptocurrency launched by Yuga Labs, is rising today.

Otherside Auction cancellation by Yuga Labs

Yuga Labs Otherside metaverse project has called off its planned Dutch auction for the Otherside metaverse project land sale. The decision was reached after they failed to get a balance between the gas fees and the demand for NFTs.

During Dutch auction-style sales, prices are determined after analyzing all the possibilities of the total offering reaching the highest price.

Otherside announced via Twitter that the gas fee war had increased with Dutch sales. There was also speculation that the high demand for Otherdeed (BAYC’s new project) NFT mint, would drive the gas fees even higher as the number of NFTs minted increases.

Dutch auctions are actually bullshit, so Otherdeeds will be sold for a flat price of 305 ApeCoin 🧵.

— OthersideMeta (@OthersideMeta) April 29, 2022

Reducing gas fee of Otherdeed NFTs 

To reduce the massive gas fee, there is a need to reduce the high gas fee without lowering the wide distribution of the NFTs, therefore there will be a limit of minting only 2 NFTs per wallet when the sale starts but the rate will be increased as the minting process continues.

The cost of each Otherdeed NFT will be 305 ApeCoin (APE) and 55000 Otherdeed will be made available for purchase by Know Your Customer (KYC) wallets, however, users will have to complete the KYC to participate in the sale.

The price of each NFT was also featured in the Otherside teaser video, the ‘’305’’ figure is also the code for Miami.

The post ApeCoin rallies over 10% today after Yuga Labs cancels Otherside Auction appeared first on Coin Journal.

The world’s biggest exchange by trading volume is officially listing MobileCoin (MOB) at 10:00 (UTC) today, which is just 30 mins from now at the time of publication! The trading pairs available for this coin will be MOB/BTC, MOB/BUSD, and MOB/USDT.

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

Top places to buy MobileCoin now

If you want to strike while the iron is hot, you should grab some MOB now before it goes live on Binance. Once that happens, its price is likely to spike dramatically. 

How to do that? 

FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

Buy MOB with FTX today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy MOB with Bitfinex today

What is MobileCoin?

MobileCoin is the first carbon negative cryptocurrency. It’s designed to be used as digital cash on your phone. The MobileCoin Foundation coordinates and encourages a global community of developers working together to co-create the simplest possible encrypted payments network.

The platform boasts easy wallet recovery. You can recover your wallet if you lose your phone without trusting a provider with your private keys.

The entire ledger is opaque, individual transactions are cryptographically protected, and the network uses forward-secrecy.

Most transactions take less than ten seconds, so payments happen instantly. Last but not least, the platform is environmentally friendly, providing intuitive security at scale without electrical waste. 

Should I buy MobileCoin 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. 

MobileCoin price prediction

Digital Coin Price is bullish on MOB. It was trading for just over $5 at the time of writing. Their prediction is as follows:

• 2022: $6.47 – $7.59
• 2023: $7 – $8
• 2024: $6.50 – $10
• 2025: $9.11 – $11  

MobileCoin on social media

☄️@Mobilecoin and @Nexo to be listed on @Binance#Binance will list #MobileCoin $MOB and #Nexo $NEXO at 10:00 (UTC) on April 29.

👉 https://t.co/BHBqLRJQXl pic.twitter.com/mbCafimh72

— Cryptolaxy #StandWithUkraine 🇺🇦 (@Cryptolaxy) April 29, 2022

The post MobileCoin adds 47% to its value on Binance listing announcement: top places to buy MobileCoin appeared first on Coin Journal.

The price of ApeCoin has been rising steadily as voting on its DAO governance goes on. Voting will conclude on May 4. 

Will ApeCoin’s price continue to increase until then? This article attempts to answer this and many other pertinent questions, including where to buy ApeCoin.    

Top places to buy ApeCoin now

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

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

What is ApeCoin?

ApeCoin is a utility and ERC-20 governance token used within the APE Ecosystem to empower and incentivize a decentralized community. ApeCoin holders are self-governed via the decentralized governance framework controlling the ApeCoin DAO.

They vote on how to allocate the ApeCoin DAO Ecosystem Fund among other things. The APE Foundation administers proposals agreed upon by ApeCoin holders.

APE is the APE Ecosystem’s governance token. It allows holders to take part in ApeCoin DAO and gives participants an open and shared currency they can use without centralized middlemen. 

Almost two-thirds of all ApeCoin was allocated to the Ecosystem Fund to facilitate community-driven initiatives as voted on by DAO members.  

Should I buy ApeCoin today?

ApeCoin 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. 

ApeCoin price prediction

At the time of writing, APE was trading for just under $23. According to Crowd Wisdom, the outlook is positive (to an estimated 72%). 

APE is expected to reach at least $30 this year, and more than double that – $64 – in 2025.  

ApeCoin on social media

#APECOIN GO GO GOOOOO !!🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/NGa7YFAfHA

— Apecoin Whales 🐳 (@apecoinwhales) April 28, 2022

The post Best places to buy ApeCoin, which gained 13% in 24 hours appeared first on Coin Journal.