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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Crypto crash today: Major cryptos in freefall, where can you buy the dip?

Crypto Crash represented by coins falling into flames

Bitcoin and altcoin prices have crashed as tensions between Russia and Ukraine peak. The Bitcoin and altcoin price crash comes in addition to a stock market plunge in the wake of comments made by U.S. president Joe Biden that Ukraine could be invaded in a few days.

Consequences of the crypto crash today

Bitcoin has shed almost 10% of its value over the last 24 hours, crashing toward $40,000. Ethereum, BNB, Cardano, Solana, and XRP are seeing similar drops. Over the past week, almost $200 billion has been wiped out from the combined $1.9 trillion crypto market.

Terra is the biggest loser in the top 20 with -8%. Apart from the trends affecting the whole market, news that SEC is suing its CEO is adding to its losses.

Should you buy the dip? This article attempts to answer that question and tells readers all they need to know about the best places to buy the major assets in today’s crypto crash.

Top places to buy Bitcoin now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy BTC with eToro today

Alvexo

Alvexo is an established broker that stands out for its education and service-oriented focus. Alvexo services excel in delivering a comprehensive array of market news, webinars, analysis to fortify our clients‘ need to take intelligent trading decisions on the world’s most dynamic financial markets.

Buy BTC with Alvexo today

Top places to buy Ethereum now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy ETH with eToro today

Alvexo

Alvexo is an established broker that stands out for its education and service-oriented focus. Alvexo services excel in delivering a comprehensive array of market news, webinars, analysis to fortify our clients‘ need to take intelligent trading decisions on the world’s most dynamic financial markets.

Buy ETH with Alvexo today

Top places to buy Binance Coin now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy BNB with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy BNB with Capital.com today

Top places to buy Terra now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy LUNA with eToro today

Bitpanda

BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.

Buy LUNA with Bitpanda today

Should I buy the dip in the crypto crash today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

Crypto on social media

The post Crypto crash today: Major cryptos in freefall, where can you buy the dip? appeared first on Coin Journal.

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DIA added a third to its value today: here’s where to buy DIA

The live DIA price today is $1.32 with a 24-hour trading volume of $269.5 million. DIA is up 33.22% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy DIA, this guide is for you.

Top places to buy DIA now

As DIA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase DIA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy DIA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for DIA

Now that you’re connected, you’ll be able to swap for 100s of coins including DIA.

What is DIA?

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data.

DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem that brings together data analysts, providers and users.

DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

It specifically addresses the problem of dated, unverified, or hard to access data in the world of finance and crypto, especially DeFi. It proposes to solve it by giving users financial incentives to keep the flow of open-source, validated data streams to the oracles up and running.

The current design of oracles, DIA argues, is non-transparent, difficult to scale and vulnerable to attack.

Should I buy DIA today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

DIA price prediction

Price Prediction is moderately bullish on DIA. They expect a minimum price of $1.81 by the end of the year. The DIA price can go up to $2.14. In 2023, they expect 1 DIA will trade for at least $2.61 and potentially go up to $3.12 with the average price of $2.68.

The following year, 1 DIA will trade for $3.97 on average. In 2025, the price of 1 DIA is expected to reach at least $5.45.

DIA on social media

The post DIA added a third to its value today: here’s where to buy DIA appeared first on Coin Journal.

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X2Y2 token price jumps over 200% in two days: what is causing the new token to rally?

X2Y2 price has been soaring since February 16. It has risen by more than 200% in a little over two days.

At the time of writing, it was trading at $3.56 up 16.20% in the last 24 hours having hit a daily high of $4.17and a daily low of $2.64.

Though it is normal to see a new token rise immediately after launch, X2Y2’s surge has made headlines after jumping by over 200% in two days. Let’s take a deep dive into what is propelling the surge.

Why is the price of the X2Y2 token rising?

One of the factors being attributed to the current X2Y2 price surge is its launch on February 16. The X2Y2 Ethereum-based NFT trading platform team conducted a vampire attack, a tactical move that projects use to distribute free tokens to incentivize users of OpenSea to start using their product. LooksRare also used the same move.

In its case, LooksRare dropped tokens for OpenSea users who had traded over 3 ETH on OpenSea and also rewarded its active users. While the method attracted some traffic for LooksRare, it also led to some suspected cases of wash trading on the platform.

X2Y2 airdropped 120 million tokens, which is 12% of its 1 billion token supply to 861,417 wallets had traded on OpenSea between mid-June and mid-December 2021. Token distribution was proportional to their trading activity on OpenSea. In reciprocation, the Airdrop claimers were to list their OpenSea-listed NFTs on X2Y2 at the same price they list on OpenSea.

Although OpenSea is the leading NFT trading hub although it does not have a cryptocurrency token of its own, other alternatives are rapidly cropping up and trying to offer a better user experience as they aim at snatching the OpenSea users base. And one of the ways competitors are doing so is through Airdrops like what X2Y2 did.

X2Y2 tokenomics

X2Y2 tokenomics design was almost similar to that of the LooksRare (LOOKS) token, only that X2Y2 will pay token stakers and also an additional platform cut-off fee paid in WETH rather than rewarding users for trading.

Staking X2Y2 tokens currently is over 8000% per annual yield. In addition, the platform also rewards staking NFTs.

Listing an NFT on X2Y2 is also counted as an NFT staking and makes the users eligible for free rewards.

The post X2Y2 token price jumps over 200% in two days: what is causing the new token to rally? appeared first on Coin Journal.

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SEC chair says concerns about lack of spot Bitcoin ETF under ‘careful consideration’

SEC building in Washington DC, USA

Gary Gensler said the US Securities and Exchange Commission (SEC) considers every proposal seeking the listing of spot Bitcoin exchange-traded products (ETPs)“under the appropriate regulatory framework.”

US Securities and Exchange Commission (SEC) chair Gary Gensler has hinted in a letter to US lawmaker Tom Emmer that the commission may not be any closer to approving a Bitcoin spot exchange-traded fund (ETF).

In a response to the lawmaker’s letter sent to the SEC last November, Gensler says that the agency’s handling of all the Bitcoin (BTC) spot ETFs to come before it has been in accordance with the Exchange Act.

The SEC chair, who pointed out that he remains technology-neutral, said the regulator is tasked with ensuring the proposed spot ETP is “designed to prevent fraudulent and manipulative acts and practices.”

Emmer, acknowledging receipt of Gensler’s letter, noted that lawmakers would continue to oversee the regulator towards its mission of maintaining “fair and orderly markets.”

The SEC has approved a number of Bitcoin futures ETFs, with the first coming in early November as Bitcoin price rallied to its all-time high of $69,000. But while spot ETPs have been launched in Canada for instance, the US market still awaits its first spot-based fund.

Gensler, in this latest view of the matter, only appears to suggest the waiting might yet be further off. His remark about a possible approval is that the commission will give “careful consideration” to all proposals seeking the listing and trading of Bitcoin spot ETFs.

As it stands, the US has approved Bitcoin (BTC) futures ETFs by ProShares, Valkyrie, and VanEck. Of the recent spot ETF applications to come before it, the SEC has rejected proposals from SkyBridge, Fidelity and WisdomTree.

The post SEC chair says concerns about lack of spot Bitcoin ETF under ‘careful consideration’ appeared first on Coin Journal.

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iZUMi Finance launches a revolutionary DAO with veiZi NFTs

The protocol provides for a decentralised autonomous organisation (DAO) governance mechanism based on a Quadratic voting model.  

iZUMi Finance, an innovative protocol for programmable liquidity mining built on the Uniswap V3 platform, has launched its highly anticipated decentralized autonomous organization (DAO), promising a revolutionary governance system powered by a quadratic voting mechanism.

According to an announcement shared with CoinJournal on Thursday, iZUMi Finance said its DAO governance token will be based on veNFT (veiZi). 

The token is ERC271 standard compatible, meaning that users will have access to all the governance rights applicable to the platform. These will include the right to vote, boost and return staking rewards, iZUMi Finance said in the statement.

“veNFT’s are a major step forward for the industry in terms of NFT utilization. Whereas in most DAOs, governance votes are represented by the number of tokens held in a wallet, iZUMi DAO governance votes are represented by the number of tokens held within a veiZi NFT,” the protocol’s team added in their announcement. 

On its Quadratic Voting mechanism, iZUMi Finance said:

“Each cycle’s iZi emissions will be determined and allocated according to the outcome of veNFT voting. For staking rewards, 50% of the platform’s revenue will be used to buy back iZi, which will be allocated to veiZi NFTs according to voting power. With NFT staked, veiZi will be used to boost iZUMi i’s farming pool APR by up to 2.5 times.“ 

Minting veiZi NFTs

Users can mint veiZi NFTs via any iZUMi wallet address, which will happen when they lock their iZi tokens for a given period. However, it’s also possible to buy the tokens on third-party NFT marketplaces. 

As an interest-bearing NFT, veiZi offers a unique opportunity for holders to get monthly rewards through staking.

An iZUMi wallet can only stake one veiZi NFT, but the platform’s technology allows for an extension of the locked period. If a user wants to, they also can opt to unstake their tokens once they successfully redeem their rewards.

iZUMi Finance’s programmable liquidity as a service feature is available on Uniswap V3 multi-chains.

DAOs have increasingly found a footing in recent months, with many users attracted to the commitment to decentralisation projects put forth via governance tokens.

Many projects now offer users the right to vote on governance issues, with the trend growing as decentralised finance (DeFi) becomes even more entrenched in the crypto ecosystem.

The post iZUMi Finance launches a revolutionary DAO with veiZi NFTs appeared first on Coin Journal.