Kategorie: Crypto News

• Kraken is reportedly considering pulling support for the stablecoin USDT in Europe.
• The exchange’s plans come amid the push for compliance ahead of EU’s crypto regulations MiCA.
• Crypto exchange OKX ended its USDT trading support in the EU in March.

Kraken is considering a move that would see the crypto exchange end its support for the Tether (USDT) stablecoin in Europe.

A Bloomberg report published on Friday, May 17, noted that the crypto exchange was “actively reviewing” this position.

Kraken eying USDT delisting ahead of EU’s MiCA rules

According to the report, Kraken is looking at ending USDT support for the market ahead of the region’s Markets in Crypto-Assets (MiCA) regulation roll out date.

The delisting of USDT for the exchange’s EU users is part of the compliance procedure.

Crypto exchanges and other providers with operations in the EU know that MiCA’s stablecoin rules are set to come into effect on June 30, 2024. The comprehensive regulatory framework also includes rules targeted at cryptocurrency service providers – these will take effect on December 30, 2024.

Kraken is “absolutely planning for all eventualities,” Marcus Hughes, the exchange’s global head of regulatory strategy, told Bloomberg. The crypto platform will take a firm position on this in due course, the official added.

If it takes this step, Kraken will join OKX which ended support for USDT trading pairs on its European platform in March.

Tether is currently the world’s largest USD-pegged stablecoin with over $110 billion in market cap, accounting for 68.7% of the $160 billion market. According to data from CoinGecko, USDT is currently available across 347 exchanges.

The post Kraken considers ending USDT support in the EU appeared first on CoinJournal.

• Notcoin’s turbulent launch saw a 53% plunge post-airdrop but bullish predictions signal recovery.
• AlgoTech, a decentralized trading platform, promises innovation amid ongoing presale success.
• AlgoTech’s ALGT token is priced at 0.08 tether in current stage.

Despite a significant post-launch plunge, analysts believe Notcoin (NOT) has growth potential.

Alongside this, the ongoing AlgoTech presale has garnered attention, promising advanced algorithmic trading solutions for investors.

Notcoin (NOT) rollercoaster ride

After an initial plunge of 53% following its launch, Notcoin, a gaming token on the TON Network, faced significant selling pressure.

However, despite this setback, predictions for Notcoin’s future remain optimistic.

With support from major exchanges like Binance, OKX, and Bybit, Notcoin (NOT) is projected to recover and thrive in the volatile crypto market. Besides, the project’s innovative approach and widespread community engagement suggest a potential for long-term success.

Examining Notcoin price predictions and market dynamics

Although the 53% price plunge to $0.006398 triggered concerns among investors, investors believe it is not the end of the story.

Despite the initial turbulence, Notcoin’s price prediction remained optimistic, with several analysts forecasting a steady growth trajectory, with an average price projection ranging between $0.0175 and $0.0209 by the end of the year.

At press time, Notcoin (NOT) price had already recovered by around 6% from $0.006398 to $0.007024, further signalling a possible bullish reversal.

AlgoTech (ALGT): the new altcoin making waves

In parallel with Notcoin’s journey, AlgoTech has emerged as a promising player in the crypto ecosystem. The decentralized algorithmic trading platform offers advanced solutions for traders, leveraging cutting-edge technologies and machine learning capabilities.

With a focus on platform enhancements, expanded asset coverage, and advanced trading tools, AlgoTech promises to empower traders with comprehensive solutions. The ALGT token, serving as a gateway to the platform’s offerings, provides investors with voting rights, ownership stakes, and dividends from the profits generated by the fund.

With its ongoing ALGT token presale attracting attention, AlgoTech aims to revolutionize trading and investment by providing efficient, precise, and automated strategies to navigate the complexities of the financial markets.

As AlgoTech’s presale progresses, investors have the opportunity to participate in shaping the future of algorithmic trading. Already, the presale has captured the interest of thousands of investors seeking to capitalize on the platform’s cutting-edge technology and potential for growth.

At the current presale stage, the ALGT token is priced at 0.08 tether, with plans to increase to 0.10 tether in the next stage. With a minimum purchase requirement of $25, AlgoTech offers accessibility to a wide range of investors, further fueling excitement surrounding its development.

Conclusion

While Notcoin’s turbulent journey reflects the volatility inherent in cryptocurrency markets, it also underscores the potential for growth and innovation.

With bullish predictions fueling optimism and ongoing developments like the AlgoTech presale offering advanced trading solutions, the crypto landscape continues to evolve rapidly.

The post New altcoin makes waves amid bullish Notcoin (NOT) price prediction appeared first on CoinJournal.

• Chainlink price rose more than 20% in 24 hours, reaching $16.62 at the time of writing on Friday.
• LINK surged as the Depository Trust and Clearing Corporation (DTCC) announced it completed its Smart NAV pilot.
• Bitbot, Telegram’s pioneering non-custodial crypto trading bot, continues to surge in presale.

Chainlink and the Depository Trust and Clearing Corporation (DTCC) have announced a successful pilot for the fund tokenization market. The news saw Chainlink’s native token LINK soar more than 20% in 24 hours to lead the top altcoins.

Meanwhile, the Bitbot presale is creating waves as the ICO nears its penultimate stage.

Chainlink, DTCC complete Smart NAV pilot

The Depository Trust and Clearing Corporation (DTCC) announced on Thursday that it had successfully completed a pilot program dubbed “Smart NAV”. 

Smart NAV is an initiative that aims at a standardized method of delivering funds’ Net Asset Value (NAV) onchain.

For this goal, the pilot project tapped into DTCC’s digital asset capabilities and Chainlink’s cross-chain interoperability protocol (CCIP) to bring trusted data on-chain.

This particular pilot involved ten major financial institutions, including BNY Mellon, American Century Investments, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust and State Street.

Chainlink price surges 20%

Chainlink price reacted higher following the news, surging by more than 20% to hit highs of $16.62. The 24-hour trading volume rose 251% to above $1.2 billion.

This positive reaction to the news comes amid a growing institutional presence in the tokenization industry, with most of the projects leveraging Chainlink’s CCIP.

So far, the real-world assets (RWA) train has included a major program by the world’s leading asset manager BlackRock.

Bitbot’s AI-powered bot set for Telegram launch

Bitbot is poised to be the biggest crypto trading bot to hit the Telegram apps market this year.

The new project, which pioneers the world’s first non-custodial, AI-powered trading bot, is currently in presale. Early investors have raised more than $3.4 million as the token sale accelerates in stage 13.

The new trading solution’s launch, which will follow the conclusion of the 15-stage ICO sale, will see Bitbot make its debut in a market that has quickly grown.

Data shows bots have surpassed the $22 billion DEX volume mark and has over 1.6 million users.

The growth is remarkable and Bitbot could lead the new wave of adoption due to its industry-defining offering.

What does Bitbot offer?

With interest in trading bots rising amid a bullish outlook for cryptocurrencies, Bitbot’s launch of the non-custodial trading solution promises to be a game-changer.

Bitbot users will have full control of their assets, leveraging the robust security of MPC wallet technology by Knightsafe.

Also critical is that Bitbot levels the playing field for retail traders. In this case, the bot gives access to all the institutional-grade trading tools, including AI automation, copy trading, Gemscanner and trade sniping.

Bitbot also offers a unique revenue sharing mechanism that allows holders of BITBOT to earn from a daily share of platform revenue.

BITBOT token is currently priced at $0.018, potentially a massive return on investment entry point.

Learn more or join the Bitbot presale here.

The post Chainlink soars after DTCC completes major pilot; Bitbot readies for market entry appeared first on CoinJournal.

• Notcon (NOT) token’s price fell sharply after its debut on exchanges.
• KangaMoon (KANG) is offering a bonus presale stage ahead of first CEX listing.

Analysts say the lackluster spot Bitcoin ETFs market means Bitcoin prices could see limited upside action in coming weeks and months.

What does this mean for newly-launched Notcoin and could KangaMoon offer a better investment opportunity?

Notcoin dumps after airdrop

Notcoin (NOT) is the native token of a tap-to-earn game project that aims to onboard millions of users to Web3.

The project went viral amid its debut on Telegram, and saw massive hype ahead of its trading debut this week. Much of this was down to listing announcements from top crypto exchanges Binance, OKX and Bybit among others.

Indeed, Notcoin traded at a Fully Diluted Valuation (FDV) of $1 billion as the token made its debut across exchanges. However, NOT price has tanked 67% since and currently trades around $0.006753.

Binance’s cancelling of support for the NOT/BTC pair also added to the downside pressure. 

Notcoin is however likely to record a decent bounce if the broader gaming ecosystem picks up new traction following a dismal 2024. Bitcoin‘s performance could also add to the dynamics.

KangaMoon emerging as top meme-inspired cryptocurrency

The meme coin space has seen some big moves for Solana, BNB Chain and Ethereum meme tokens.

While a few meme coins exhibit massive growth potential, most others are largely weak copycats that derive momentum from nothing but hype.

Utility sets KangaMoon apart from most of these other meme coins.

As a project, KangaMoon integrates GameFi and Play-To-Earn (P2E). There’s also a SocialFi element that means users can earn more as they interact, share and connect.

The native in-game currency and network reward token when the P2E game launches will be KANG. Presale participants can earn KANG right away by joining in challenges and contests – a factor that already sees KangaMoon boast a growing community of users.

Is KangaMoon a better opportunity?

KangaMoon (KANG) is one of the tokens expected to dominate the meme coin market. The project’s presale has so far raised more than $6.7 million.

KangaMoon’s smart contract has been audited by both Solid Proof and InterFi, a fact that adds to the confidence crypto enthusiasts and investors are showing in this project.

After rallying through the presale stages, KangaMoon is now offering those who might have missed out another chance with a bonus sale round. The current KANG price in this phase is $0.025.

As the limited bonus round quickly sells out, this might be a great time to join the community.

KangaMoon’s rigorous audits and team transparency are also positive factors, as is news that KANG is poised for its CEX listing debut on BitMart.

Compared to other meme coins, KangaMoon’s community-driven P2E game focus and utility stand out. The project’s total supply of 1 billion KANG also means it has the potential to explode higher amid market demand.

Investors however need to take into account other market dynamics and conditions.

You can learn more about KangaMoon here.

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