Crypto News Archive - Seite 1535 von 1895 - Finanzmittel Info + Krypto + Geld + Gold

20. Juli 2022

Fantom aims for $0.43 as the price suddenly turns bullish at a key level

Fantom token FTM pushes above resistance
The blockchain could be borrowing gains from leader Ethereum
FTM is a buy at the low prices as the price turns bullish

There is no better time to invest in Fantom FTM/USD tokens than now. That emanates from the fact that FTM has left a trail of $0.28, which is its bottom price. Of course, there is a long way to go as FTM trades a shell of itself from its all-time high.

Fundamentally, Fantom is benefiting from the boosts in the crypto sector. Owing to its depressed prices, investors could be taking advantage. The cryptocurrency trades at a low of only $0.33. That is significantly below the all-time high of above $3.5 last year. Investors could be scooping the dip for a chance to ride higher.

Besides, Fantom investors see opportunities in layer-1 protocols for smart contracts. History has shown that whenever the price of ETH rises, alternative layers such as Fantom gain. Investors view the alternative layer-1 protocols as the best Ethereum alternatives. They offer faster speeds and carry lower transaction costs. Thus, the gains in Ethereum could be spilling over to protocols such as Fantom.

FTM blasts past a resistance level to establish a new support

Source – TradingView

Technically, FTM is very bullish after overcoming the $0.28 resistance. MACD indicators are bullish too. The cryptocurrency now trades at $0.33. The price is yet to reach another major resistance which is at $0.43.

Investors can buy at the current price level or take advantage of a minor retracement. However, we believe FTM is attractively priced, and investors can scoop the token now.

Summary

Investors’ attention is turning to FTM due to its smart contract functionality. The cryptocurrency is attractively priced and is a buy after a key breakout.

The post Fantom aims for $0.43 as the price suddenly turns bullish at a key level appeared first on CoinJournal.

20. Juli 2022

Should you buy BNB after breakout from an ascending triangle?

Binance crypto exchange has remained stable in the market crash
Its token BNB has broken past an ascending triangle
We recommend buying BNB on a retracement.

Binance coin BNB/USD is strongly bullish as most cryptocurrencies show up. At a price of $262, BNB is past $243, which previously acted as a resistance. We explore more whether BNB is worth buying for the short and long term.

BNB is the native token of the world’s leading crypto exchange Binance. The crypto exchange remains unchallenged at the top spot. Despite a strong bear crypto sector, Binance showed strengths. A few weeks ago, it announced that it sought to fill at least 2,000 positions. That happened despite most crypto exchanges scaling down operations.

Binance continues to attract regulatory scrutiny owing to its opaque operations. Users have nothing to worry about as Binance continues to be welcomed in major jurisdictions. The crypto-friendly Abu Dhabi is one that granted Binance an in-principle operation license. Due to these fundamentals, the BNB token has a good future and is a good cryptocurrency to invest in. The key question is, should you buy in BNB now?

BNB breakout occurs at the key $243 level

Source – TradingView

$243 was a highly watched level for BNB. This was after rejecting price severally, resulting in the formation of an ascending triangle. Following the recent gains, BNB has breached the resistance and is going higher. The reference bottom is now at $243.

We think you should buy BNB on a retracement. At $263, BNB has met a minor resistance and could correct lower. The retracement would offer a chance to buy and ride up to the next level at $288. After that, BNB could rise to $324.

Summary

BNB has confirmed a bullish momentum after a breakout from an ascending triangle. The cryptocurrency should be bought on a retracement as the price tests a minor resistance.

The post Should you buy BNB after breakout from an ascending triangle? appeared first on CoinJournal.

20. Juli 2022

Blockchain security startup Halborn raises $90 million in Series A round

The Series A funding round was led by Summit Partners, with participation from Castle Island Ventures, Digital Currency Group and Sky Vision Capital among others.

Halborn, a blockchain security startup based in Miami, has secured $90 million from investors in its series A funding round, Bloomberg reported on Tuesday.

The firm, whose core services include security advisory, advanced penetration testing and smart contracts audit, said the funding round was led by Summit Partners.

Other participants included Castle Island Ventures, Digital Currency Group, Third Prime, Sky Vision Capital, Fenwick and Brevan Howard. The startup did not provide a valuation.

Security focus despite crypto winter

Halborn’s financing comes amid a crypto winter that has prices of Bitcoin and other cryptocurrencies battered and a market environment that has seen several companies crash due to contagion.

But while the outlook for many crypto companies hinges on the market trajectory, it’s almost business as usual for Halborn. According to the firm’s CEO Rob Behnke, focusing on cybersecurity has helped the startup stay buoyant as price “has nothing to do with [its] business.”

He noted that their main motivation is growth for the industry, with security critical as bad actors continue to search for vulnerabilities and ways to steal crypto.

The backdrop to this is an increased demand for cybersecurity services, Behnke added.

Halborn, which was founded in 2019, has grown its employee numbers to 100 and collaborates with top crypto companies including Coinbase and Solana on risk assessment and platform security.

The company also counts global tech giant Amazon, investment banking firm BNY Mellon and sportswear behemoth Nike among those it advises.

The post Blockchain security startup Halborn raises $90 million in Series A round appeared first on CoinJournal.

20. Juli 2022

Polygon announces zero-knowledge EVM rollups to boost Web3 infrastructure

Polygon, a decentralised Web3 infrastructure and Ethereum scaling solution, has launched Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), a layer 2 solution that leverages zero-knowledge proofs to offer seamless transactions buoyed with reduced costs and increased throughput.

The batching of transactions support allows for significant reduction of gas fees, while it also supports faster settlement of deposits and withdrawals – an attractive aspect for DeFi developers.

Advancing Web3 infrastructure

The zkEVM also offers frictionless functionality with all smart contracts, wallets and developer tools, tapping into the same robust security that secure the Ethereum blockchain.

Polygon zkEVM also allows for developers to migrate decentralised applications (dApps) from EVM-compatible chains via a simple switch of nodes. They don’t have to change the code, tooling or smart contracts when they migrate from EVM-compatible to zkEVM.

The solution thus boasts the three main features that are crucial to the Web3 ecosystem – scalability, security and Ethereum-compatibility – which Polygon co-founder Mihailo Bjelic called the “holy grail of Web3 infrastructure.”

“Until now, it has not been practically possible to offer all these properties at once. Polygon zkEVM is a breakthrough technology that finally achieves that, thus opening a new chapter of mass adoption,” he commented.

The L2 solution supports seamless minting of NFTs, Web3 gaming and enterprise applications. In all these, developers get the benefits of higher throughput and low fees (Polygon believes its zk-rollups can cut fees seen on the Ethereum network by 90% and that a future off-chain feature could push the fees even lower).

The post Polygon announces zero-knowledge EVM rollups to boost Web3 infrastructure appeared first on CoinJournal.

20. Juli 2022

Southeast Asian crypto exchange Zipmex halts withdrawals

Zipmex, a Thai-based crypto exchange, has halted withdrawals citing a combination of circumstances. The Southeast Asian exchange has halted withdrawals until further notice.

A tweet by the exchange said:

“Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice.”

Failed acquisition by Coinbase

Prior to the halting of withdrawals, Cointelegraph had issued reports that Zipmex could be in trouble but the crypto exchange ended up dismissing that as just rumors. This came after a failed acquisition of Zipmex by Coinbase.

Responding to Cointelegraph, the CEO and co-founder of Zipmex, Marcus Lim, said:

“While Coinbase is an interesting partner, an investor makes more sense at this stage.”

Lim went ahead to explain the reason for the failed acquisition saying:

“The acquisition fell through due to market conditions. They’ve pulled out in many countries around the world such as Turkey and in Latin America. Coinbase is a great strategic partner to the business.”

Coinbase had made an offer to acquire Zipmex in the first quarter of 2022 but the acquisition plan fell on June 9. However, Coinbase went ahead to make a strategic investment into the Thai-based crypto exchange.

Other than halting withdrawals, there are reports that Zipmex is planning for a Series B+ that could value it at $400 million.

By August 2021, Zipmex had reached a 200,000 user base with over $1 billion in gross transaction volume since it was launched in 2019.

Zipmex troubles

According to sources some funds, about $100 million from Zipmex were given to Hong Kong-based asset manager Babel Finance with the aim of generating yield. However, there is a risk of default since Babel halted withdrawals in June due to unusual liquidity pressures resulting from the crypto market meltdown and hasn’t resumed the withdrawals.

Though not confirmed, there are fears that Zipmex could go the way of Celsius, which has already filed for bankruptcy seeking financial restructuring.

The post Southeast Asian crypto exchange Zipmex halts withdrawals appeared first on CoinJournal.