Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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Kaspa price: upside cools as major exchange delays KAS listing

  • Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030.
  • The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS.
  • Uphold says the delay is due to a technical issue that will soon be sorted out.

Kaspa (KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin’s sharp decline overnight Wednesday.

In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023.

That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchange

Uphold delays listing of Kaspa (KAS)

On Thursday, Uphold, which was set to be the first centralised crypto exchange in the US to list KAS, announced it would be delaying the listing. The multi-asset digital asset platform said the “difficult decision” had been taken due to technical issues.

But despite the delay, Dr. Martin Hiesboeck, the Head of Research at Uphold, has assured KAS holders that the issue was “minor” and will soon be solved. He tweeted:

“As we’re expecting *high demand*, we’ve taken the difficult decision to delay this listing due to some technical issues – to ensure you get a smooth and fair trading experience and best execution. Won’t be long, it’s a minor thing we’ll sort out soon.”

He offered to explain everything on the Twitter Space.

After seeing a double digit uptick in price, with weekly gains rising to over 30%, Kaspa price is just in the green in the past day (at the time of writing) and about 28% higher over the week.

Currently, KAS can be traded on multiple exchanges, including MEXC Global, Gate.io and BingX. The token’s recent momentum has come amid a flurry of listings, including on LBank and Bitget.

The post Kaspa price: upside cools as major exchange delays KAS listing appeared first on CoinJournal.

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Belgian crypto lender Bit4You suspends its activities

  • Bit4You is Belgium’s first and only crypto asset lending platform.
  • The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent.
  • The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia.

In cryptocurrency news today, Bit4You, the first Belgium-based cryptocurrency lending platform,has announced its suspending its activities.

The crypto assets exchange made the announcement in a notice to clients and the community late Wednesday. According to the platform, the decision to halt operations came after it had learned that CoinLoan, its main provider, no longer had the required registration to operate as a virtual currency provider in Estonia.

As reported by Reuters on Thursday, an Estonian court declared CoinLoan insolvent on Monday, 24 April, 2023

Bit4You says its immediate suspension of activities is one of several steps it is taking as it tries to understand the whole situation. 

However, the crypto lender says it has no reason to believe that the cryptocurrencies the custody provider held on behalf of its customers cannot be recovered.

The post Belgian crypto lender Bit4You suspends its activities appeared first on CoinJournal.

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DEX aggregator OpenOcean integrates with zkSync Era

  • DEX aggregator OpenOcean has launched integration with the zk-rollups platform zkSync Era.
  • The move allows the DeFi platform to expand its trading solution to the zkSync Era community.
  • Future plans are to add support for limit orders and cross-chain swaps, OpenOcean said in a press release.

OpenOcean, a leading decentralised exchange (DEX) aggregator, has announced integration with Ethereum Layer-2 scaling solution zkSync Era.

zkSync’s ZK-rollup proofs allows for major scaling of the Ethereum network, bumping transaction throughput and cutting gas costs. ZK-rollups also help ensure user privacy and security.

Announcing the integration via a press release on Thursday, OpenOcean said zk-rollups allows it to expand its multichain, Web3-focused trading solution.

The integration also allows OpenOcean’s DEX aggregator to launch on zkSync Era, providing users with access to deep liquidity sources. This will include liquidity from across platforms such as SyncSwap, Velocore, iZiSwap, Mute, SpaceFi and GemSwap.

 “We warmly welcome OpenOcean to the zkSync community. As an established multichain dex aggregator, users will be able to execute trades efficiently across different liquidity pools and reduce slippage,” Sam, a member of the zkSync team, said in a statement.

OpenOcean plans to enhance the integration by supporting limit orders and cross chain swaps aggregation on the zkSync Era.

The post DEX aggregator OpenOcean integrates with zkSync Era appeared first on CoinJournal.

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Crypto Rebound is in Full Swing. Here’s why AltSignals’ ASI Could be the Best Crypto to Invest in.

2023 is the year in which the crypto rebound hopefully gets into full swing following a disappointing 2022. One project arousing exceptional interest among investors and trading groups on Reddit and Telegram is AltSignals’ ASI presale. Already a market leader in trading signals, AltSignals has set itself up as arguably one of the best crypto projects to invest in this year due to an exciting adoption of AI technologies designed to turbocharge its trading capabilities.

Here’s why investors are scrambling to get their hands on this exciting new coin during its presale event.

AltSignals: Assisting crypto gains since 2017

AltSignals was launched in 2017 and has grown to become one of the leading providers of trading signals for a vast community numbering more than 50,000 members, 1,400 of whom enjoy all the perks of AltSignals’ VIP group. AltSignals has focused on setting itself apart from competitors by ensuring it produces the most accurate trading signals available in crypto, Forex, and stock markets via its market-leading AltAlgo™ trading tool.

This algorithmic trading indicator has operated in tandem with a team of leading expert traders to generate more than 1,500 signals for traders scattered across the globe. A Binance Spot signals program in January 2023 saw a 94% win rate across 17 trades, achieving returns of 175% in a single month. This success came hot on the heels of a whopping 384% return in December 2022. 

AltSignals’ performance is backed up by almost 500 positive reviews on Trustpilot, resulting in a 4.9/5 star rating, making it one of the most-trusted providers of trading signals. Now AltSignals is seeking to take its outstanding platform into another realm with the launch of the ActualizeAI trading stack and ASI coin.

What is the ASI token?

The ASI token underpins the entire AltSignals’ ecosystem, including the development of ActualizeAI, which will bring a pioneering AI capability to AltSignals. This looks likely to help AltSignals play a significant role in the crypto rebound by harnessing the power of machine learning, natural language processing (NLP), reinforcement learning, and predictive modeling to increase the frequency and accuracy of the platform’s signals.

Possession of the ASI coin will open up the actual value of AltSignals’ platform, beginning with the ActualizeAI trading stack and outputs. Community members holding more than 50,000 tokens will be granted lifetime access to ActualizeAI’s signals, while those holding fewer than 50,000 can enjoy a 1-year membership.

While this is a huge incentive to get involved in what looks like one of the best new crypto tokens of the year, holding the ASI coin unlocks several premium offers and opportunities for investors and traders to exploit.

For instance, ASI coin holders can join the AI Members Club, unlocking early access to some of the best presale opportunities with exciting new crypto projects from AltSignals’ affiliate partners or highlighted by ActualizeAI’s sentiment analysis feature. While opening up potentially rich opportunities to make serious profits, users can also boost their earnings by participating in regular online trading tournaments with lucrative prizes.

How high can ASI go in 2023?

The release of the ASI token has been deliberately timed to support the development of ActualizeAI’s trading stack, which will drive enormous levels of utility into the coin. In addition, ASI coin holders can vote on community-led initiatives that will govern the platform’s future direction, ensuring it continues to meet the needs of those it serves.

This alone would be enough to push the price of ASI higher once it’s released for public consumption. However, ASI has the fortune of being released as the crypto rebound continues to gather momentum, meaning it looks set to reap the full reward of being part of the next bull market in the coming months and years.

ASI’s presale will end at $0.02274 per token, which looks severely undervalued. As a result, analysts are predicting significant gains for early coin holders in 2023, with many forecasting that $0.50 is more than achievable by the end of the year. This would represent enormous returns of more than 20x for any investor that reserved their ASI token during the presale.

The ASI presale could be the best crypto to invest in this year

It’s easy to see why many professional crypto analysts are naming ASI as the best crypto to invest in this year. The ActualizeAI trading stack could put AltSignals squarely on the map as one of the most comprehensive trading signal providers on the markets, with a flurry of new customers scrambling to sign up for access to its turbocharged outputs.

Meanwhile, with community-led governance and a user-feedback system, all products will be fully peer-reviewed and tested by real traders, allowing AltSignals to fully optimize ActualizeAI’s algorithm and provide the best possible outputs to its community.

Interested investors are advised to act fast, with the stage 1 round selling out quickly at the lowest possible price of $0.015. ASI will never be this low again, meaning time is running out for investors to make the best potential returns with the crypto rebound squarely gathering pace.

You can participate in the AltSignals presale here.

The post Crypto Rebound is in Full Swing. Here’s why AltSignals’ ASI Could be the Best Crypto to Invest in. appeared first on CoinJournal.

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Hong Kong to release crypto framework next month- Bloomberg

  • Hong Kong’s new cryptocurrency licensing framework is expected in May.
  • The Securities and Futures Commission (SFC) chief executive Julia Leung told Bloomberg the guidelines follow a consultative process.
  • Companies seeking to offer services in Hong Kong will need to apply for and get licenses from the commission.

Hong Kong is taking the next step in providing further regulatory clarity for cryptocurrencies by releasing its crypto exchange licensing framework.

Specifically, the licensing guidelines will require every digital asset service provider and operator to seek and acquire approval from the regulator.

Julia Leung, chief executive of Hong Kong’s Securities and Futures Commission (SFC), revealed this on Thursday, telling Bloomberg that the guidelines are expected in May. The legislation is expected to come into effect from June.

According to Leung, the digital assets regulation framework comes after a vital consultative process that a policy statement from the government in October last year. The statement highlighted the need to regulate virtual assets, including sectors such as DeFi and NFTs.

The SFC reportedly received more than 150 responses from various players, following the consultative process.

Hong Kong’s crypto framework comes after EU’s MiCA approval

Hong Kong has recently taken an aggressive approach to crypto regulation even as it looks to make itself a leading crypto-friendly jurisdiction. Recent administrative policies have indeed seen the number of companies looking to operate from the city-state jump to near 100.

Other than cryptocurrency exchanges, there are multiple projects and platforms in Web3 security, blockchain payments, and infrastructure that are currently eyeing SFC’s licensing.

Recently, the European Union parliament voted to approve the Markets in Crypto Act, MiCA regulation, that has been hailed as key to regulatory clarity for the crypto industry in the EU. 

Many obersers say the law, expected to take effect in 2024, will herald a new era for crypto.

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