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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Voyager Digital announces preliminary revenue of $100-105M

Voyager Digital Ltd., one of the most dynamically growing US cryptocurrency platforms, announced preliminary revenue and user metrics for the last fiscal quarter, which ended on March 31, 2022.

Steve Ehrlich, Voyager’s CEO and Co-founder, announced:

Voyager continued its account growth in the quarter ended March 31, 2022 by adding 115,000 funded accounts which was slightly over a 10% growth from December 31, 2021 and was accomplished during an extremely challenging quarter based upon spot market volume. In the quarter, Voyager delivered on its goal of expanding our products by delivering the first batch of the Voyager Debit Card and adding the Voyager desktop to a significant beta group.  We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022.

3.5M verified users, $400M new deposits

Voyager announced key metrics for the last fiscal quarter. They estimate preliminary total revenue for the quarter to be around $100-$105 million. This is down from $164.8 million for the quarter that ended on December 31 last year, but up from $60.4 million y/y.

The crypto platform’s total funded accounts were around 1.2 million, up from 1.075 million on December 31 and 274,000 y/y.

They had around 3.5 million total verified users as of March 31, 2022, up from 3.2 million on December 31 last year and a million y/y.

The net amount of new deposits for the last quarter was approximately $395 million, down from $1.04 billion on December 31.

Steve Ehrlich added:

As discussed at our last earnings call, in 2021 we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated and now in 2022 we have begun to deliver on the expansion of our product suite and will continue to roll out new and enhanced products and services as well as geographic expansion.

 

The post Voyager Digital announces preliminary revenue of $100-105M appeared first on Coin Journal.

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Highlights April 7: Major cryptos slide, tobacco brands pop as UK100 falls

The crypto market as a whole is bearish today. UK-listed tobacco firms rose yesterday on the back of a positive trading update from Imperial Brands despite the wider UK100 falling 0.11%.

Top cryptos

Major cryptos had a rough day with Solana dropping around 9% over the past 24 hours, followed by Cardano, Avalanche, Polkadot all falling by more than 7%, and Ethereum and XRP sliding by more than 4% at time of writing. 

Bitcoin was trading above $43,000 at time of writing, down more than 4% over the past 24 hours. Dogecoin reversed yesterday’s gains, falling by 6% today.

Top movers

The situation in the top 100 was similar to that of major cryptos with most tokens falling by around 5%. Axie Infinity was among the bigger losers, shedding 12% of its value. Celo also lost around 12%. 

STEPN is also reversing gains, down 15%. Oasis Network’s ROSE token is down 14%. Audius, the music streaming protocol, lost 13% in the last 24 hours.

Anchor Protocol has gained 11% so far today. This could be on news that Binance is launching a UST staking service in partnership with this ecosystem. 

Binance users can directly pledge UST in the exchange wallet, with the interest rate being the same as the rate on Anchor’s official website, which is 19.63%.

The Mina token, which is said to have copied Cardano’s code, is the only other gainer in the top 100 today. It is up 5%.

Trending

The biggest gainer today is SFK, the token of Safefloki, a play to win game. Its price today is $1.58e-10 and it has gained 520% in the last 24 hours.

The post Highlights April 7: Major cryptos slide, tobacco brands pop as UK100 falls appeared first on Coin Journal.

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Terra’s Do Kwon Buys $230 Million of Bitcoin

Do Kwon targets $10 billion BTC to back TerraUSD (UST).

Terraform Labs founder and CEO Do Kwon added Bitcoin worth $230 million to Luna Foundation Guard’s wallet, buying 5,040 BTC on Wednesday as prices dipped again.

Wednesday saw Bitcoin’s price below $45,000 amid negative market sentiment, providing a “buy-the-dip” opportunity for the Terra CEO. It was an opportunity that had earlier seen MicroStrategy also buy Bitcoin worth $190 million.

Kwon shared the news on Twitter:

„Today I watered my plant, wrote some emails, bought 230M in bitcoin, vacuumed the house, had some McDonalds, now off to walk the dog.”

And with that huge buy, Terra’s Bitcoin for UST reserves has grown to a $1.6 billion stash, with 35,768 bitcoins now held by the LFG.

In March, Kwon announced plans to eventually buy up to $10 billion in Bitcoin, up from an earlier targeted UST reserve of$3 billion. And as of today, the Luna Foundation’s BTC holdings have surpassed those of Tesla (TSLA). Tesla bought $1.5 billion worth of Bitcoin in February last year.

MicroStrategy, which bought an additional 4,167 BTC worth about $190.5 million on Tuesday, is the biggest corporate holder of Bitcoin today. The company now holds 129,218 bitcoins bought at a cost of $30,700. 

The Michael Saylor-led firm’s total cost is around $3.97 billion, with the holdings currently valued at around $6.04 billion.

Bitcoin was trading around $43,660 on Wednesday evening, with the price down 4.6% in the past 24 hours.

The post Terra’s Do Kwon Buys $230 Million of Bitcoin appeared first on Coin Journal.

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Axie Infinity creator secures $150 million in a funding round led by Binance

The funds will be used to refund Axie Infinity users who lost their assets after a hacker exploited Sky Mavis’ Ronin validator nodes and Axie DAO in March.

Sky Mavis, the developer firm behind the Axie Infinity game, has announced a $150 million funding round led by leading crypto exchange Binance.

The funding round also attracted other major investors from across the crypto space, including venture capitals a16z and Dialectic, crypto-focused investment firm Paradigm, and game software firm Animoca Brands.

According to Sky Mavis, the funds will be combined with those on the company’s balance sheet and be put into the reimbursement plan for Axie Infinity players affected by the recent $625 million hack.

Following the attack, the company has undertaken to bolster network security, including via internal audits. Reimbursing players was also one of the first commitments the developer pledged.

„Sky Mavis is committed to reimbursing all of our users‘ lost funds and implementing rigorous internal security measures to prevent future attacks,“ the firm’s CEO Trung Nguyen said.

He also touched on Sky Mavis‘ plans.

“As a team, we have made an intentional decision to focus on what lies ahead, starting with tomorrow’s launch of Axie Infinity: Origin. We are also thrilled to collaborate with Binance NFT on future projects.”

The company hopes to reopen the Ronin Network bridge, which the hacker exploited to steal 173,600 Ethereum (ETH) and $25.5 million in USDC, once the security audits are over.

As a way toward making the network even more robust going forward, Ronin’s validator group will increase from five to 21. The process will be complete in the next three months and with validators set to be split between the firm’s partners and community members.

Despite the historic hack, the Axie Infinity game remains the most popular and most-played NFT game. More than 2.6 million people own Axie NFTs, while monthly active users currently stand around 2.2 million.

The post Axie Infinity creator secures $150 million in a funding round led by Binance appeared first on Coin Journal.

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10 Safest Cryptocurrencies to Invest in 2022

Cryptocurrencies are becoming popular among both retail and institutional investors. There are now thousands of coins that are valued at over $2 trillion. In this article, we will look at ten of the safest cryptocurrencies to buy. The idea is to look at those that have staying power in the coming years to determine the safest crypto to invest in!

1. Chainlink (LINK)

Chainlink is a leading blockchain project that helps other developers to integrate off-chain data with the on-chain ecosystem. For example, a decentralized finance (DeFi) developer can bring data on cryptocurrencies to their platforms. It is also possible to bring data on weather and sports in the industry.

Today, Chainlink is widely used by most developers like AAVE, Anchor Protocol, and Uniswap. According to DeFi Llama, it has a total value secured (TVS) of over $60 billion. LINK, its native coin has a market cap of over $7.6 billion. 

Chainlink is a safe cryptocurrency because of its special role in the industry and its substantial market share in the sector.

Learn how to buy Chainlink with our in-depth guide or invest with our recommended platform below.

Buy LINK here!

2. Ethereum (ETH)

Ethereum is one of the safest cryptocurrencies to invest in. It is a layer 1 network that has created a platform where developers can build and optimize their networks. While Ethereum is facing a lot of competition, its market share in all sub-sectors like gaming, non-fungible tokens (NFT), and DeFi have been strong.

Ethereum is expected to gain more market share in the coming years as it completes its transition to a proof-of-stake network. The developers are also implementing sharding technology that will make it faster and lower its transaction costs. All these make Ethereum a good cryptocurrency to invest in.

Learn how to buy Ethereum with our in-depth guide or invest with our recommended platform below.

Buy ETH here!

3. Terra (LUNA)

Terra is a giant in the blockchain industry. Terra is another platform that enables developers to build dApps. Some of the biggest apps built in the ecosystem are Anchor Protocol, Lido, and Astroport. According to DeFi Llama, all DeFi apps built-in Terra have a total value locked (TVL) of over $25 billion.

Terra is also known for its algorithmic stablecoins such as Terra USD, which has a market cap of over $16.7 billion. Lido, which is built-in Terra also has Lido Staked Ether, which is valued at over $10 billion. Therefore, there is a likelihood that LUNA prices will keep rising in the coming years.

Learn how to buy Terra with our in-depth guide or invest with our recommended platform below.

Buy LUNA here!

4. Cosmos Hub (ATOM)

Cosmos is another popular safe cryptocurrency. It is a leading platform that helps to improve the communication of various digital currencies. It achieves this through Inter-Blockchain Communication (IBC) protocol. According to its website, it now has over 262 cryptocurrencies with over $170 billion in assets. 

Cosmos also has an SDK that hosts some of the most popular platforms like Terra, ThorChain, and Osmosis, Therefore, as the ecosystem grows, there is a likelihood that the ATOM token will keep rising.

Buy ATOM here!

5. The Graph (GRT)

The Graph is a blockchain project that provides developers with APIs that help them index their networks. Developers can submit these subgraphs at any time. As a result, The Graph is often seen by Google in the industry. It has been embraced by most developers such as Audius, UMA, LivePeer, Synthetix, and Curve Finance, among others.

The Graph is a safe cryptocurrency because of how widely used it is and the fact that it has minimal competition in the industry. GRT, its native token, is valued at over $2.8 billion.

Buy GRT here!

6. Avalanche (AVAX)

Avalanche is a smart contract platform that offers a better development platform than Ethereum. It is well-known for its blazingly fast transaction speeds and low costs. In a short period of time, Avalanche has attracted hundreds of developers from around the world. 

Some of the projects built on the platform are AAVE, Trader Joe, BENQI, and Stargate. In total, it has a total value locked (TVL) of over $10 billion. This makes it the fourth-biggest platform in the industry after Ethereum, Terra, and BNB. Therefore, there is a possibility that Avalanche price will keep rising in the coming years. 

Buy AVAX here!

7. Cronos (CRO)

Cronos is one of the safest cryptocurrencies to invest in. It was formerly known as Crypto.com Coin. As the name suggests, Cronos was started by Crypto.com, one of the biggest exchanges in the world. 

Cronos’ mainnet was launched in 2022 and has seen a strong performance. Its DeFi ecosystem has a TVL of over $4 billion, making it the 9th biggest platform in the industry. Some of the top apps built using Cronos are MM Finance, VVS Finance, MM Optimizer, and Tectonic among others. 

Therefore, because of its strong adoption, there is a likelihood that the CRO price will continue doing well in the coming years. 

Buy CRO here!

8. Basic Attention Token (BAT)

Basic Attention Token (BAT) is the native token for Brave browser, a leading web 3.0 platform. The token is used to pay Brave users for interacting with its adverts. These users can also decide to contribute their earnings to publishers they love. Some of the top publishers in the ecosystem are firms like New York Times and TechCrunch. Brave has over 50 million users globally. 

BAT is a safe cryptocurrency to invest in because of the growing popularity of Brave and the fact that the company will keep attracting new advertisers as the number of users increase.

Buy BAT here!

9. Sandbox (SAND)

Sandbox is a leading metaverse platform in the blockchain. The platform has a number of useful features. For example, users can buy virtual plots in the ecosystem. They can also buy other forms of non-fungible tokens (NFT) on the platform. 

Further, Sandbox regularly hosts events where users are rewarded using the BAT token. Therefore, because it is in a pole position, there is a possibility that the SAND token will keep rising in the coming years.

Buy SAND here!

10. Solana (SOL)

Solana is another Ethereum-killer that hopes to dominate the industry. It is a well-funded platform that has faster speeds and lower costs. As a result, it has been embraced by many developers. Some of the projects in its ecosystem are Serum, Marinade Finance, Solend, and Raydium. In total, these apps have a total value locked of over $7.6 billion. Solana is a safe cryptocurrency because of its growing ecosystem.

Buy SOL here!

The post 10 Safest Cryptocurrencies to Invest in 2022 appeared first on Coin Journal.