Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Litecoin creator Charlie Lee shares huge prediction for LTC price

  • Litecoin creator Charlie is bullish on the LTC price.
  • In a Twitter thread on Tuesday, Lee said he sees the cryptocurrency as having lots of potential.
  • He noted that Litecoin was fairly launched and has had over 11 years of zero downtime.

Litecoin (LTC) creator Charlie Lee says he sees the cryptocurrency as having value even as its price remains a fraction of Bitcoin (BTC), the pioneer asset that inspired what is often dubbed digital silver.

In a tweet posted early Tuesday, Lee highlighted what he says are undeniable pointers to Litecoin’s key strengths. He sees Litecoin price gaining against Bitcoin.

“It’s hard to deny there is value in Litecoin, a coin that has low fees, is protocol-compatible with Bitcoin, has the same game theoretical attack surfaces as Bitcoin, is secured with its own set of ASIC miners, is fairly launched, and has 11.5 years of history with zero downtime,” Lee noted.

Charlie Lee is bullish on Litecoin price

Sharing his price outlook for LTC, Lee said he expects the digital silver to rally to new highs. He notes that the current market values Litecoin around 1% of Bitcoin, which is “accurate.” However, with “a ton of potential”, the altcoin could rally to 10% of BTC.

Lee says the cryptocurrency’s higher throughput, scalability, better fungibility and privacy are key features that could aid the coin’s price.

According to him, going to 0.0125 BTC in the next bull cycle is possible. On the downside, the LTC creator gives a Litecoin price prediction of 0.0025 LTC/BTC.

Litecoin traded at around $89 on Tuesday 2 May 2023, roughly 2% up on the day against the US dollar. Meanwhile, it was changing hands at 0.00307886 BTC, with the LTC/BTC pair just 0.1% in the green. 

While Litecoin price reached its all-time high above $410 in May 2021, its gains paled in comparison to Bitcoin’s rally to its all-time peak above $69,000.

The post Litecoin creator Charlie Lee shares huge prediction for LTC price appeared first on CoinJournal.

Veröffentlicht am

Coinbase unveils a global crypto exchange as crypto crackdown in the US intensifies

  • Coinbase is a US-based crypto exchange.
  • The move comes amid a growing regulatory crackdown in the US for the cryptocurrency industry.
  • The new arm will allow users to trade perpetual futures, with initial contracts offering 5x leverage.

Coinbase, a leading cryptocurrency exchange in the United States, has launched an international cryptocurrency exchange as a response to the increasing crypto regulatory crackdown in the US.

The move is part of the exchange’s strategy to execute “the next chapter of the company’s Go Deep, Go Broad global expansion strategy.”

Eyeing the global market

The Coinbase International Exchange will allow institutional users from eligible jurisdictions outside the US to trade perpetual futures.

In 2022, perpetual futures accounted for about 75% of global cryptocurrency trading. They created highly-liquid markets and offered traders additional versatility in their crypto trading strategies.

Coinbase in a blog post stated:

“Building out a global perpetual futures exchange for digital assets will help support an updating of the financial system by making Coinbase’s trusted products and services more accessible to users of digital assets who live outside of the US. As more and more markets are moving forward with regulatory frameworks to become crypto hubs, we believe the moment is right to launch this international exchange.”

Currently, the Coinbase International Exchange has listed Bitcoin (BTC) and Ethereum (ETH) perpetual futures contracts. The listed contracts initially offer up to 5x leverage.

The post Coinbase unveils a global crypto exchange as crypto crackdown in the US intensifies appeared first on CoinJournal.

Veröffentlicht am

Bitcoin, Ether eye new move as stocks plummet on fresh bank fears

  • Bitcoin (BTC) and Ethereum (ETH) prices rose nearly 2% respectively as stocks plunged.
  • The S&P 500 was down 1.5% as two bank stocks plummeted.
  • BTC and ETH gains saw altcoins in the top 10 cryptocurrencies by market cap up.

Bitcoin (BTC) price moved above $28,500 again on Tuesday, rising more than 2% in early morning trades during the US trading session. The upside was yet another attempt by Bitcoin bulls to establish a fresj footing in the key price range.

Elsewhere, the price of Ethereum (ETH) rose above $1,860 to hit a new 24-hour high as crypto spot markets climbed. The Ether token was 1.9% up at the time of writing, gains that were being mirrored across the top 10 cryptocurrencies by market cap list.

BTC and ETH have traded to year-to-date highs above $31,000 and $2,100 respectively.

Stocks tank on bank fears

US stocks opened lower on Tuesday as stock prices of another two US banks plunged amid the latest turmoil in the banking sector. The S&P 500 was down 1.5% while Nasdaq was shedding 1.3%.

After share prices of First Republic Bank fell in the lead up to its takeover by JPMorgan, Tuesday saw prices of Pacwest (PACW) and Western Alliance (WAL) stocks bleed massively.

At about 12:30 pm ET, the PACW and WAL share prices were down 26% and 20% respectively.

The two bank stocks had plummeted more than 30% earlier as investor concerns around the turbulence within the US banking system resurfaced following the losses that followed the collapse of Silicon Valley Bank.

Also on investors’ minds this week is the Fed’s meeting that kicked off on Tuesday. While the market has the anticipated 25bps interest rate hike baked in for after the FMC meeting, what the central bank says in relation to what next is seen as key.

Economist Mohamed A. El-Erian, commented on the market outlook, stating via a tweet:

“The roller coaster continues with, this time around, a 20 bps drop in the yield on 2-year Treasuries.  With such a key market segment continuing to be in urgent need of stabilization, it remains to be seen if the Fed serves this function tomorrow or, instead, is again a source of volatility.”

Barry Knapp of Ironsides Macroeconomics says the Fed’s approach to the inflation question is fraught and dubious. The central bank has to consider what the market is telling it. He shared his views in an interview with CNBC’s Squawk Box.

The post Bitcoin, Ether eye new move as stocks plummet on fresh bank fears appeared first on CoinJournal.

Veröffentlicht am

ByBit taps into crypto lending

  • ByBit users will now be able to earn interest payouts on idle cryptocurrency assets.
  • The ByBit Lending will offer hourly paid interest and no deposit periods for redemptions and deposits.
  • The lending service will serve as an intermediary between borrowers and lenders.

Popular cryptocurrency exchange ByBit has launched its lending service arm, ByBit Lending, which will allow users to earn high-interest payouts on their idle cryptocurrency assets.

The new product offers an additional way for users to capitalize on their crypto investments and generate passive income.

ByBit now joins the likes of Binance, OKX, and KuCoin in offering lending services. The US-based exchange Coinbase abandoned plans to launch lending services after the US Securities and Exchange Commission (SEC) rendered the offering a security.

Passive income opportunity for ByBit users

ByBit Lending offers a high APR, offering users an opportunity to earn some passive income on the crypto assets they are holding instead of letting them sit idle on the exchange.

Interestingly, the interest on the crypto assets deposited for lending will be paid hourly with the users having the flexibility to deposit and redeem their assets at any time. This makes it easy for users to take advantage of the crypto market fluctuations.

The exchange has made the lending service accessible to both novice and experienced clients through a simple four-step process. The deposited assets will remain secure throughout the lending process, thanks to the exchange’s advanced risk management systems.

Besides benefiting lenders, borrowers will also have the opportunity to take up crypto loans for various earning strategies including trading perpetual contracts and capitalizing on spreads on the ByBit Earn. Borrowers will, however, be required to deposit collateral equal to or greater than the loan they intend to take.

The post ByBit taps into crypto lending appeared first on CoinJournal.

Veröffentlicht am

DigiToads (TOADS) presale demand increases as meme coin adoption skyrockets

  • DigiToads (TOADS) presale is 83% sold out at current stage with a total of over $2.1 million raised.
  • TOADS demand is at new levels as the crypto space witnesses new trajectory in the meme coin sector.
  • DigiToads looks to be a promising investment opportunity, with a unique presale, gaming approach and deflationary mechanism. 

The unanticipated blows the crypto market experienced in the last few months are enough to make any investor lose interest in what is considered “one of the most promising industries.” However, recent activity in the crypto space indicates this sector’s possible revival. 

While the crypto market has seen a fair share of meme coins, DigiToads is a new utility token and platform that offers something unique within the altcoin market. 

A Look into DigiToads (TOADS)

Investors looking for a potentially high-yield cryptocurrency to buy might find a good opportunity in DigiToads (TOADS). 

The cryptocurrency project offers new and unique play-to-earn and stake-to-earn features, with TOADS as the native token. With the toad as its mascot, DigiToads aspires to revolutionize the crypto sphere. Apart from developing a new play-to-earn platform, the project is creating avenues for investors to explore investment opportunities. 

The TOADS token’s presale provides such an offering in a Metaverse space that continues to see tremendous growth. 

DigiToads (TOADS) presale gaining momentum

DigiToads adopts a unique presale system. The TOADS token can be purchased using cryptocurrencies like BTC, ETH, BNB, USDT, USDC, BUSD, and others. There is no vesting period, meaning investors can start trading when TOADS is deposited in their wallets. 

The ongoing Lilypad 5 stage of the presale offers the token for a mere $0.024, And so far DigiToads has raised a whopping $2.1 million and counting.

DigiToads has an inbuilt deflationary mechanism whereby 2% of the sell and buy tax is used to purchase and burn TOADS. The token scarcity attained through this burning mechanism, together with an increased number of people seeking the asset, will eventually increase the token’s price. 

>> Buy DigiToads Now <<

DigiToads (TOADS): What’s unique?

Play-to-earn gaming is becoming an increasingly popular concept on Web 3.0. So it is great to see the likes of DigiToads incorporating this fantastic feature in its structure by launching ‘TOAD-CADE,’ an enticing game on its platform. 

The game starts with each player receiving a basic DigiToads. These characters can be trained, fed, and bred. This will allow them to level up and battle within the swamp. Regular competitions will be hosted by the platform winners, who can expect alluring rewards. 

Besides gaming, another exciting way users can coin some money is through the compelling staking opportunities offered. Users who stake their TOADS NFTs will benefit from great rewards from the NFT staking pool. This pool, in turn, is maintained by the taxes collected on transactions. 

To ensure that it has a sound fiscal system, DigiToads will select 12 traders who will be responsible for executing trades on the company’s behalf. These community traders will have access to 1/12th of the treasury and receive 10% of the profit made on each transaction. Seats for these important positions will be held by winners of trading competitions that will be held each month. 

DigiToads has laid the foundation of its own Merch, which will shortly be in full swing. The firm will utilize 100% of its profit to revive the Amazon rainforests. Also, 2.5% of the overall gains made have been allocated by the firm for a similar cause.

Every other firm before DigiToads started with a pre-decided mascot for itself. On the other hand, the firm gives users the right to decide on the mascot. For this, a mascot meme contest will be held, and the best design will be used as the mascot, and the creator will be entitled to mega prizes. 

Is DigiToads a good investment?

TOADS is can be one of the best cryptocurrencies to invest in as the crypto sector sees a surge in new demand. The firm offers numerous use cases, while investors can buy the native token as part of their portfolio diversification.  

As a fact, no one can with certainty predict exactly how the market behaves in the future. However, looking at this token, the DigiToads presale tis currently attracting huge interest from crypto investors. The anticipation around the project’s launch also suggests demand could be even higher when TOADS goes live on major exchanges.

If you wish to know more about the DigiToads token, visit their website. Alternatively, you can join the presale, or the community for regular updates.

The post DigiToads (TOADS) presale demand increases as meme coin adoption skyrockets appeared first on CoinJournal.