Kategorie: Crypto News

• Jasmy price has jumped in the past four days.

• It has jumped by more than 40% from the lowest point in 2022.

Jasmy price has had one of the best performances in 2022 as investors bought the dip in Japan’s Bitcoin. It has risen in the past five straight days and moved to the highest level since December 11. These gains represent about a 40% increase from the lowest level in 2022, giving it a market cap of over $100 million. 

Why is Jasmy soaring?

Jasmy is a relatively small blockchain project that has become popular in Japan. The platform was started by a team of former executives at Sony, one of the leading entertainment companies in the world. The platform was created to provide decentralized data storage solutions to companies and individuals. 

The creators recognized the importance that data plays in the world today. Indeed, we have seen multi-billion dollar companies like Google and Meta Platforms that make money from selling data to advertisers. Data privacy has also become an important part of the word debate today. 

Jasmy plays an important part in the democratization of data by combining blockchain and Internet of Things to provide an infrastructure that allows anyone to use data safely and securely. Users can store and control their data, manage and control devices, and provide a safe place to use data in a secure manner. 

Jasmy’s platform is made possible by a number of popular technologies. Some of the top components of its technology are the Personal Data Locker, which enables data storage within a peer-to-peer network. It also has a secure knowledge communicator which allows data democratization and smart guardian that allows the registration of devices. 

It is unclear why Jasmy coin price has done well in the past few days. A likely reason is that the developers are about to make a major announcement such as a partnership with a major company. There is speculation that the network will soon partner with Sony. 

Jasmy price prediction 

JASMY chart by TradingView

The daily chart shows that Jasmy price has been in a strong bullish trend in the past few days. It has risen in the past fou straight days and managed to move above the 25-day and 50-day moving averages. The Relative Strength Index (RSI) has moved slightly below the overbought level. 

Therefore, as I wrote elsewhere, I suspect that Jasmy will retreat in the coming days as the short squeeze fades. Also, it will decline as some of the current buyers move into a distribution phase. If this happens, the next key level to watch will be at $0.0032.

How to buy Jasmy

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

Buy JASMY with Coinbase today Disclaimer

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy JASMY with KuCoin today

The post Jasmy price prediction as Japan’s Bitcoin surges appeared first on CoinJournal.

• Bitcoin OG and core developer, Dashjr, claimed virtually all his bitcoins were stolen.
• The hackers accessed the developer’s PGP key.
• On November 17, 2022, Dashjr, noted his server had been compromised.

A Bitcoin OG and one of the original Bitcoin’s core developers, Luke Dashjr, has claimed that he virtually lost all his bitcoins after his Pretty Good Privacy (PGP) keys were compromised on December 31, 2022, just before the new year.

PGP key is a common security method that uses two keys to gain access to encrypted information.

In a post on Twitter on January 1, 2023, Dashjr was asking for help from the PSA:

“PSA: My PGP key is compromised, and at least many of my bitcoins stolen. I have no idea how. Help please.”

In a follow-up tweet, Dashjr appeared distressed asking why he could not reach anyone from the FBI or IC3 before following it up with a tweet containing a wallet address, which is believed to be one of the Bitcoin wallets where some of the stolen BTC was sent to.

“What the heck @FBI @ic3  why can’t I reach anyone???

Although Dashjr did not disclose how many bitcoins were stolen from his wallet, the wallet address that he shared showed four bitcoin transactions on December 31 that totalled to 216.93 BTC.

Dashjr server compromised in November 2022

Although the developer said that he had no idea as to how hackers gained access to his PGP key, some community members have drawn a possible connection to an earlier claim that Dashjr had made on November 17, 2022, that his server had been compromised by ““new malware/backdoors on the system.”

Unfortunately, Dashjr, says that he learnt of the hack after getting emails from Kraken and Coinbase about login attempts.

The hack also caught the attention of Binance CEO Changpeng Zhao (CZ) who consoled the developer on Twitter saying:

“Sorry to see you lose so much. Informed our security team to monitor. If it comes our way, we will freeze it. If there is anything else we can help with, please let us know. We deal with these often, and have Law Enforcement (LE) relationships worldwide.”

The post One of the original Bitcoin core developers losses all his BTC in hack appeared first on CoinJournal.

Real-world economic performance undeniably impacts global cryptocurrency markets, with Bitcoin (BTC), the biggest crypto asset by market capitalization, proving an excellent guide to the health of the crypto industry. Recent increases in inflation worldwide, but particularly in the US, have seen the value of Bitcoin slide during the second half of 2022 as the global economic crisis takes hold.

While this isn’t great news for existing investors in the world’s leading cryptocurrencies, such as BTC, excellent investment opportunities in exciting new crypto projects remain. One of the most enticing new crypto projects is Metacade, which saw an enthusiastic uptake during its beta presale stage, raising almost $1 million in just three weeks.

What is Metacade?

Metacade is the world’s first virtual gaming arcade that uses Web3 and blockchain technology to revolutionize the GameFi metaverse industry. The platform will host the broadest range of play-to-earn (P2E) games in the metaverse and offer gamers the same level of fun and social interaction they’d get visiting a real-life video arcade from the comfort of their gaming chair or sofa.

The P2E element of the community is one of several ways community users benefit from the platform. The other revenue stream initiatives are:

• Compete2Earn – earning by staking tokens and gaining tournament rewards
• Create2Earn – earning by interacting with the community and its members
• Work2Earn – earning through finding new Web3 role on the jobs board, which launches in Q1 2024.

In addition to the opportunities to earn, Metacade is a platform that allows budding developers to earn their stripes by supporting them to learn game development and has plans to become a self-sufficient and fully-fledged DAO by Q4 2024.

How Metacade works

Unlike many GameFi platforms, Metacade has a diverse offering that stretches beyond the P2E element. The native token for the platform is the MCADE coin, and there are several ways Metacade generates revenue.

Metacade’s revenue-generating features include a range of pay-to-play arcade games, just like gamers would expect to find in a real-world video arcade. There’s also advertising on the platform, entry fees for prize draws and to compete in tournaments, and the launchpad initiative, which allows external companies to release games in Metacade for a price. These revenue streams provide the funds that flow into gamers’ wallets as they earn rewards.

The number of titles available on Metacade will continue to grow. This growth will be aided from Q3 2023 by the introduction of the Metagrants initiative. Metagrants are a source of funding for developers to build games on the platform. Developers submit gaming proposals to be voted on by MCADE token holders, who determine the community’s favorite ideas. The winning developers will receive funding to help turn their proposals into reality. The first Metagrant-backed games hit the Metacade library in Q1 2024.

Other features in the pipeline include introducing a jobs board in Q1 2024 to boost the Work2Earn initiative. The board will feature a range of opportunities from internships, short-term gig work, and full-time roles within the GameFi industry with Metacade-approved partners, giving anyone with a genuine interest in working in Web3 development a helping hand to get started in the industry.

Meanwhile, Metacade’s transition into becoming a DAO begins in Q2 2023, with the process estimated to take 18 months before community members assume all of the critical roles. This autonomy is one of Metacade’s leading lights; it hands control of the platform’s future direction to the most important community members.

Why could MCADE surge?

The breadth of Metacade’s plans, found in more detail in their white paper, makes it an exciting prospect for investors hunting for new crypto projects. With many other GameFi developments focusing on a minimal range of options, it’s easy for them to become little more than a fad.

Metacade’s offering will not fall into that trap. The range of games on offer will continue to increase, providing additional opportunities to earn, whether through competitions, playing, or creating social content to engage with the community. Furthermore, the continual addition of new games means there’s no risk of the platform becoming boring or stale since it will continually reinvent itself with the regular release of new and exciting titles. As a result, Metacade has solid project longevity. 

Additionally, the community will ultimately have complete autonomy over how Metacade develops. Gamers’ interests will forever be at the heart of the platform’s development, unlike in more traditional gaming, where developers have to balance that with providing a return to shareholders.

These plans place Metacade at the forefront of the blockchain gaming revolution.

How to purchase MCADE tokens

The Metacade beta sale sold out in less than four weeks, making it one of the most attractive new crypto projects currently in its presale stage. The price will increase by more than double as  the ninth and final presale round concludes, raising a total market cap of $28 million.

Getting on board with Metacade couldn’t be simpler. Tokens can be purchased on Metacade’s website by anyone with a Wallet Connect-supported crypto wallet. 

You can purchase MCADE with ETH (Ethereum) or USDT (Tether). First, connect your wallet to Metacade’s website to access the DEX, and then accept the option to purchase MCADE with ETH or USDT.

You can buy BTC at eToro here.

You can participate in the Metacade pre-sale here.

The post Bitcoin (BTC) Price Slides as Inflation Is Going Up – Here’s Why Crypto New Projects Like Metacade (MCADE) Could Surge appeared first on CoinJournal.