Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Looking for memecoins to buy: Best alternatives to Shiba Inu and Dogecoin

When you think about meme coins and the impact they have had in the crypto industry, two names automatically come to mind. These are Shiba Inu and Dogecoin. But there are other meme coins that should be worth a look in. But first, here are some facts.

  • Meme coins are highly speculative assets and come with a lot of risks

  • But some of these meme coins have seen hyper-growth, sometimes even unbelievable returns

  • Meme tokens are not just about speculative trading, some have inbuilt utility as well

Nonetheless, if you are looking for meme tokens away from common names like Shiba and Doge, here are two decent options that you can consider:

MonaCoin (MONA)

MonaCoin (MONA) has always had a cult following over the years. But unlike some of the meme coins we know that are simply speculative at best, MONA has managed to add some utility into the mix. In fact, it is marketed as an open-source, peer-to-peer payments platform. At the time of publishing this post, MONA was trading $1.37 with a fully diluted market cap of around $143 million. 

Data source: Tradingview.com

However, during the crypto bubble of 2017, the coin had actually managed to hover around $17. Although it’s unlikely that MONA will retrace this growth in the near term, there is always an upside with meme coins.

Dogelon Mars (ELON)

Some analysts have actually been bold enough to compare Dogelon Mars (ELON) to Shiba Inu. At press time, ELON was trading at $0.000001135 with a diluted market cap of nearly $1.1 billion. The coin has also seen increased trading volume over the last few months. 

Even though there have been a few corrections here and there, ELON is still seen as a serious alternative to Shiba Inu. This is not to say that it will see the same hypergrowth. But with meme coins, nothing is really certain.

The post Looking for memecoins to buy: Best alternatives to Shiba Inu and Dogecoin appeared first on Coin Journal.

Veröffentlicht am

Best Coins to buy if you want exposure in the relatively undervalued virtual real estate sector

Metaverse-related blockchain projects have been gathering steam in recent months. Investors too are growing confident that crypto and related assets will be crucial in the metaverse. As such, there are positioning themselves to take advantage of this next growth opportunity. Here is why:

  • First, analysts have termed the metaverse one of the most important growth opportunities for crypto and blockchain technology

  • Virtual real estate purchases are heating up, with one on Sandbox selling for $4.3 million

  • The world of virtual real estate remains relatively undervalued despite growth potential

With these facts in mind, it is clear that this industry has a lot of upsides. Here are two blockchain projects to invest in if indeed you want some exposure in virtual real estate and the metaverse.

Axie Infinity (AXS) – NFT based blockchain game

AXS is the native token of the Axie Infinity, a blockchain-based NFT game powered by Ethereum. The platform has nearly 2 million active daily users. Players simply raise and fight NFT pets called Axies. The Axies can be bought and sold through the NFT marketplace. 

Data source: Tradingview.com

AXS has seen a surge in ownership this year of nearly 420%. The coin has also seen explosive growth as the popularity of NFT- based gaming rises. We expect this trend to continue, and with a lot of interest in the metaverse, AXS could be hugely valuable.

Decentraland (MANA) – Virtual reality platform on Ethereum

Decentraland (MANA) is also an Ethereum based virtual world where people can buy and develop virtual real estate. As of now, there are about 90 000 plots inside the virtual world where users can host events on their land.

Just recently, a single plot of land on Decentraland sold for $2.43 million. We expect interest and investment in virtual real estate to surge in the near term, and as such, Decentraland (MANA) could be in for a positive ride.

The post Best Coins to buy if you want exposure in the relatively undervalued virtual real estate sector appeared first on Coin Journal.

Veröffentlicht am

FTX CEO says crypto doesn’t need oversight that ‘gums’ the industry

  • FTX chief executive officer, 29-year old Sam Bankman-Fried says that the US would do well as one of the major crypto markets if authorities aimed at regulatory clarity.

  • He also commented on the existing regulatory environment, noting that crypto doesn’t need oversight that ‘gums’ up the industry.

FTX CEO Sam Bankman-Fried says markets regulation by the Commodity Futures Trading Commission (CFTC) and asset issuance regulation by the US Securities and Exchange Commission (SEC) already “makes a ton of sense.”

But there are lots of “nasty points” within the regulatory framework and that is something that needs to be worked on, he added.

Bankman-Fried, one of the several crypto exchange executives to recently testify before Congress, said this during an interview on CNBC’s “Mad Money” show on Monday.

Asked whether it would be better to have just the CFTC regulate the crypto industry, the FTX chief offered:

“I think it will make a ton of sense for some combination of the CFTC and the SEC to regulate the crypto industry.”

But at its core, the FTX boss noted, markets regulation by the commodities watchdog and asset issuance regulation by the securities agency is okay. He says this approach makes a lot of sense and is clearer to the crypto industry.

Crypto doesn’t need oversight that ends up ‚gumming‘ sector

According to Bankman-Fried, while the regulators already work within given frameworks, there are lots of aspects of regulation that need a lot more clarity to make sense when applied to the crypto ecosystem.

He also believes that proper regulation is what will bring cryptocurrencies to the mainstream and help the industry achieve global adoption, with consumer protection a key component.

“Let’s make sure that the regulatory oversight that needs to be there is there and oversight that doesn’t make sense isn’t gumming the industry,” he noted.

Regarding the last part of the above observation, Bankman-Fried says the solution lies in the removal of regulatory uncertainty; especially the back and forth regarding what is a security and what’s not. He also wants to see clarity for the stablecoin market.

There has been a lot of action (and talk) around crypto regulation, with some countries looking to ban aspects of the industry as part of a regulatory crackdown as did China earlier in the year.

In the US, the Federal Reserve and the SEC have indicated that they would not ban crypto, but regulatory oversight is high on the administration’s agenda. This week a Bank of International Settlements said 2022 is likely to see a global crypto regulation framework.

The post FTX CEO says crypto doesn’t need oversight that ‘gums’ the industry appeared first on Coin Journal.

Veröffentlicht am

FTX US seals four sports-crypto deals in Washington DC

Cryptocurrency exchange FTX has spent a bucket load of cash in sports deals across various leagues

Crypto exchange affliate FXT US has inked a new partnership with four different sports teams as per a Monday announcement from Monumental Sports and Entertainment (MSE). The leading sport and entertainment company based in Washington DC owns five professional teams in the city and manages the Capital One Arena, where its teams play.

Most notable is the deal with National Basketball Association’s team Washington Wizards. Also involved in the agreement are the National Hockey League’s Washington Capitals, the Women NBA’s Washington Mystic, and the Capital City Go-Go basketball team. 

„The integration of blockchain technology with the sports experience has only just begun, and together we are going to advance to an entirely new frontier, which will ignite fans beyond what they can even imagine today,“ MSE president of business operations and chief commercial officer Jim Van Stone said.

Official NFT and cryptocurrency partner

FTX US will be the official cryptocurrency partner for the MSE and its properties, i.e. the four teams, as part of the multi-year deal. The MSE noted in the release that the exchange’s NFT platform also gets the exclusive rights to upcoming token drops by any of the four teams. The exchange will also be a partner for Big Block-Chain the entertainment company’s in-game highlight series. 

„One of our key goals is to continue growing the awareness of digital assets. We are excited to bring the world of crypto to Washington, DC sports fans,“ FTX.US VP of Business Development Avinash Dabir stated. 

The move is one of the exchange’s approaches of extending its presence in the US Capital and wooing legislators. The respective partnerships were completed at undisclosed sums, and other specific terms are yet to be released as of writing. 

FTX’s previous partnerships in sports

This year, the Bankman Fried–led exchange has secured in its basket several mega-deals with different teams as well as sports leagues. Just recently, the cryptocurrency exchange announced a sponsorship deal with the NBA team Golden State Warriors at a reported sum of $10 million. 

In June this year, the National Basketball Association announced that the exchange operator FTX had acquired the Miami Heat’s arena naming rights. The home of the Miami Heat was rebranded to FTX Arena until at least 2040 as part of a $135 million agreement with the NBA outfit.

A similar deal followed this in August, this time involving Cal’s football stadium. UC Berkeley and the US exchange affiliate agreed on a 10-year deal worth $17.5 million, with the latter securing naming rights and taking on other obligations.

The post FTX US seals four sports-crypto deals in Washington DC appeared first on Coin Journal.

Veröffentlicht am

Multichain closes $60 million seed round with participation from Binance Labs

The funding round comes a few days after the protocol rebranded from Anyswap

Newly-rebranded cross-chain protocol today wrapped up its seed round, raising $60 million. The funding featured several names, including Binance Labs, the venture capital subsidiary of cryptocurrency, and NFT marketplace Binance. 

Binance Labs investment director Peter Huo hailed Multichain, describing it as “a key contributor to the multi-chain future for crypto.”

Other venture capital firms that took part in the round include IDG Capital, Primitive Ventures, Three Arrows Capital, DeFiance Capital, and Circle Ventures. China-based capital market company Sequoia China also had a hand in the fundraising.

Multichain was launched mid-last year as a cross-chain decentralised platform called Anyswap. The project has since morphed into a cross-chain router protocol, officially taking the name Multichain last week. At the time of the announcement, the total value locked on the protocol was north of $5 billion. The protocol currently serves about 300,000 users, with this figure projected to continue growing.

Forging closer ties

It is worth noting that Binance’s input into the firm stretches beyond capital injection. The crypto exchange is looking to cultivate a good relationship with the protocol outside the investment. On Monday, the Binance Smart Chain promoted the cross-chain protocol as a recommended tool to move crypto-assets between blockchains.

The capital raised through the seed round will be directed toward developing the ecosystem and helping its teams see more growth through new hires. The firm specifically pinpointed the research and development teams as some of those that will benefit from the acquired funds.

Binance VC arm has incubated more than 100 projects

Binance Labs has made a number of moves to promote blockchain projects over the last few weeks. On November 23, the venture capital arm launched the third season of its incubation program. The program aims to support potential projects from various parts of the world. 

The nine (chosen from the latest edition of the Incubation Program) names involved in the program are play-to-earn game Block Ape Scissors, hedging protocol Tranching, decentralised oracle Bird, bridge protocol Raydius, gaming web GAT Network, Mint Club, DeFi farming protocol Copycat Finance, multi-chain stable swap project Wombat, and blockchain gaming studio SkyArk.

In a December 12th interview with CryptoPotato, Binance Labs director Chase Guo disclosed that the venture capital arm had supported more than 100 projects since it was launched about three years. Outside blockchain, the innovation incubation division spearheaded a $1.5 million seed round for decentralized Web3.0 public network Bulletin Board System (BBS) at the beginning of December. It also joined the League of Kingdoms table as a strategic investor at the end of last week. 

The post Multichain closes $60 million seed round with participation from Binance Labs appeared first on Coin Journal.