Kategorie: Crypto News

Key takeaways

• Bitcoin maintains its value above $26k despite the FUD surrounding Binance and Coinbase.

• The resilience of the market could prove beneficial to new projects like AltSignals. 

The cryptocurrency market looks promising at the moment despite the events of the last two days.

In the first two days of the week, the US Securities and Exchange Commission (SEC) sued both Binance and Coinbase, two of the largest cryptocurrency exchanges in the world.

Despite the lawsuits, Bitcoin maintains its value above $26k, and this could indicate resilience amongst investors. Bitcoin maintaining its position above the $25k psychological level could serve as a boost for new projects coming into the industry, including AltSignals.

Bulls provide strong support for Bitcoin

Earlier this week, the US SEC filed lawsuits against Binance and Coinbase, the two leading cryptocurrency exchanges in the world.

The SEC’s lawsuit against Binance alleges that the cryptocurrency exchange and its CEO, Changpeng Zhao, violated US securities laws by offering services to high-valued US customers on its platform.

This was followed by another one against Coinbase, with the SEC claiming that the crypto exchange is operating as an unregistered broker. 

Despite the lawsuits against two of the biggest crypto exchanges in the world, Bitcoin’s price remained above $25k. Bitcoin briefly rallied past the $27k on Tuesday and is now trading just above the $26K once again.

The resilience shown by investors could indicate confidence in the cryptocurrency market, and this could benefit new projects like AltSignals. 

AltSignals is close to concluding its presale stage, and its token will be listed on numerous cryptocurrency exchanges afterward. 

AltSignals’ presale to conclude soon

The presale stage of AltSignals is close to an end, and the development team has already started working on releasing their suite of products.

AltSignals is a unique project that leverages AI to make it easier for people to trade Bitcoin and a host of other cryptocurrencies. 

The development team is working on a suite of AI products designed for cryptocurrency traders. The team has so far raised over $900,000 (86.9% of the required funds) and will conclude the presale of its token soon.

ASI, the native token of the AltSignals ecosystem, is trading at $0.015 per token, making it affordable for investors. Following the end of the presale and its launch on crypto exchanges, ASI could experience a price surge in the short to medium term. 

Click here to read more about the AltSignals presale.

What is AltSignals?

AltSignals is one of the projects designed to benefit cryptocurrency traders in the cryptocurrency space. In addition to crypto traders, forex, stock, commodities, and indices traders could also take advantage of this solution for their trading activities. 

The platform allows cryptocurrency traders to gain access to trading signals. Forex, stocks, and commodities traders can also gain access to trading signals using this solution. 

The funds raised from the presale will be used to develop ActualizeAI, an AI solution that could make it easier for people to trade cryptos and other financial assets. 

ActualizeAI will be an automated solution that works 24/7. The solution will make it easier to identify trading patterns and entry and exit points in the market. Hence, ensuring that traders could trade more accurately. 

By holding the ASI token, you will have access to AltSignals’ services. The solution is set to leverage natural language processing, machine learning, regression, and predictive modeling to boost its services. 

The team is working on listing ASI on numerous exchanges, including Uniswap. They are also working to expand the team, secure OTC partnerships and launch the sentiment analysis engine. 

AltSignals (ASI) price prediction

ASI is yet to list on any crypto exchange, which makes it harder to predict its price movement in the meantime. However, the token is going for $0.015 in the ongoing presale. 

However, listing on cryptocurrency exchanges usually influence the prices of cryptocurrencies positively, and ASI’s value could increase once it lists on a few exchanges. 

The crypto market has been able to hold its ground despite the FUD surrounding Binance and Coinbase at the moment.

If the fundamentals of the broader market improve in the near term, this could benefit tokens like ASI that could list on cryptocurrency exchanges soon. 

Despite the negativity surrounding the industry, BTC and ETH have both added more than 40% to their values year-to-date. 

AltSignals is set to enter a multi-billion dollar market, and its services could prove beneficial to traders. If AltSignals hit the right level of adoption, ASI could become a big winner n the cryptocurrency market. 

Should I buy AltSignals in its presale?

Historically, investing in projects during their presale or ICO generates the best return on investment (ROI) for investors. Early investors in projects like Ethereum, Dogecoin, Solana, and Shiba Inu made thousands of percentages in ROI. 

AltSignals is a project that holds a lot of promise for traders within the cryptocurrency space and beyond. With the right level of adoption, ASI could become a big winner in the cryptocurrency market. 

The post US SEC sues Binance and Coinbase, but Bitcoin remains above $26k appeared first on CoinJournal.

• The U.S. SEC sued Coinbase Global for violating securities laws this week.
• Wood bought $21 million worth of Coinbase stock on consequent sell-off.
• Coinbase stock is currently up nearly 60% versus the start of the year.

Cathie Wood remains bullish as ever on Coinbase Global Inc even though it has again come in the crosshairs of the U.S. Securities and Exchange Commission.

Wood spends $21 million on Coinbase stock

On Tuesday, the SEC sued Coinbase for violating securities laws that resulted in an over 10% hit to its stock price – a sell-off that Wood saw as an opportunity to load up on 419,324 shares of the crypto exchange.

The Founder and CEO of Ark Invest spent about $21 million in total on the said purchase that was spit between three of her exchange-traded funds – Ark Innovation, Ark Next Generation Internet, and Ark Fintech Innovation.

It is noteworthy here that Wood expects Bitcoin to hit $1.3 million by the end of this decade. To that end, she’s been adding to her position in Coinbase stock this year. It is now her sixth biggest holding.

Coinbase Global’s response to the SEC

The lawsuit against Coinbase doesn’t come as much of a surprise considering it was served a “Wells Notice” earlier this year. Responding to the SEC complaint, the crypto company said:

Remember, SEC reviewed our business and allowed us to become a public company in 2021 and there’s no path to come in and register – we tried, repeatedly, so we don’t list securities.

Who also remains bullish on Coinbase stock despite the SEC’s aggressive move is HCW analyst Mike Colonnese.

He maintained his “buy” rating on the crypto exchange this morning and said its shares could climb all the way up to $77 – a rather lucrative 45% return from here.

The post Cathie Wood boosts stake in Coinbase stock despite SEC lawsuit appeared first on CoinJournal.

• There are 2 billion idle SWEAT tokens in inactive user accounts.
• These idle tokens constitute approximately 13% of the SWEAT token total supply.
• Sweat Economy has launched a new Governance Vote to decide the fate of these idle tokens.

Pioneering move-to-earn project Sweat Economy is today launching a new governance vote in the Sweat Wallet application, which is set to launch in the US this year. The vote to allow the community to decide the fate of 2 billion idle SWEAT tokens in inactive user accounts.

The idle tokens were locked up in a 24-month contract in the inactive user accounts. However, it is not clear what should happen to the tokens once the lock-up time ends.

The tokens were left unclaimed after the Token Generation Event (TGE) that took place last September. A number of Sweat Economy users did not activate their Sweat Wallet application to claim the tokens.

The new Sweat Economy governance vote

The new governance vote will give SWEAT token holders an opportunity of participating in answering the lingering question of what should be done with these idle tokens.

Users will be deciding on whether to have the 2 billion idle SWEAT tokens recovered and transferred back to the Sweat Treasury for potential future distribution or other uses as decided in future votes or to leave these tokens in the inactive user accounts.

75,000 votes will have to be cast for the proposal to be accepted or denied. The voting process which begins today will run for seven days to give everyone a fair opportunity to participate. There is also a possibility of the vote being extended if there will be an n influx of voters.

There were 153,783 participants in the most recent voting process which makes Sweat Economy believe it could see even higher engagement given the number of tokens at stake.

The post Sweat Economy to decide the fate of 2B idle SWEAT tokens via Governance Vote appeared first on CoinJournal.