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

Legendary trader predicts 6,400% price rally for new altcoin taking on Solana (SOL) and Cardano (ADA)

A renowned trader is predicting a significant 6,400% price surge for Rexas Finance (RXS), a new altcoin challenging both Solana (SOL) and Cardano (ADA) in the crypto market. Rexas Finance, focusing on real-world asset (RWA) tokenization, aims to revolutionize how investors access and trade assets such as real estate, commodities, and more. Currently in its presale, the RXS token is priced at $0.06. The competition is fierce as ADA and SOL are well-established, but Rexas Finance seems to be positioning itself as a strong contender.

Rexas Finance: Bridging real-world assets and blockchain

Rexas Finance is already transforming the way people invest in real-world assets. Through its innovative platform, users can buy and sell fractional ownership of high-value assets such as real estate, gold, and art, making it possible for anyone to own assets with just one click. Rexas Finance also offers tools like the Rexas Token Builder, which simplifies the process of tokenizing real-world assets. This allows users to issue digital tokens representing a proportional share of any asset, creating more liquidity and market access.

The platform’s QuickMint Bot further enhances user experience, enabling even non-expert users to mint tokens seamlessly. Unlike Solana and Cardano, which focus more on digital assets, Rexas Finance integrates blockchain into real-world applications, effectively merging traditional finance with the future of decentralized technology.

Rexas Launchpad and real estate focus

The Rexas Launchpad allows new projects to raise funds through token offerings, giving investors early access to tokens that could see massive appreciation. Stage 1 through 3 of Rexas Finance’s presale sold out swiftly, raising $2.75 million. The fourth stage has seen the price double to $0.06 per token and cross the $3.6 million mark. Investors entering during this phase could see a 3.3x return on their investment upon launch. This momentum is creating serious competition for Solana and Cardano, both of which lack direct exposure to real-world assets.

Rexas Finance’s core focus on real estate makes it unique in the market. The Rexas Estate function allows investors to own fractional shares of property across the globe, from luxurious apartments in New York to beachfront homes in Europe. This form of investment not only provides potential rental income but also allows investors to benefit from the appreciation of real estate values without the burdens of full ownership. The ease of this process attracts a wide range of investors, making Rexas Finance a more attractive option than Solana and Cardano for those interested in real-world asset tokenization.

AI integration and future growth

Beyond real estate, Rexas Finance is incorporating advanced AI features such as the Rexas AI Shield, which offers enhanced security for tokenized assets, and Rexas GenAI, an AI-driven tool that provides investment insights. These tools simplify decision-making and offer users a more secure, efficient way to manage their assets.

Furthermore, the platform’s ongoing $1M Giveaway adds to the excitement surrounding the token’s presale, with 20 lucky winners receiving $50,000 in USDT. Rexas Finance is already listed on CoinMarketCap, adding visibility and credibility. The platform’s ability to tokenize assets like real estate and commodities, coupled with its advanced tools, is rapidly gaining attention. As the presale progresses, the 6400% price surge seems increasingly plausible, making it a strong competitor to SOL and ADA in the expanding crypto market.

 

Final thoughts

The legendary trader’s prediction of a 6400% rally for Rexas Finance (RXS) reflects the platform’s strong positioning against established players like Solana and Cardano. With its focus on real-world asset tokenization, Rexas Finance is set to transform how investors access and trade assets. As the presale continues and the platform gains more visibility, Rexas Finance is likely to become a major force in the crypto market, leaving ADA and SOL to compete in an evolving environment where real-world applications hold the most promise.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Legendary trader predicts 6,400% price rally for new altcoin taking on Solana (SOL) and Cardano (ADA) appeared first on CoinJournal.

Veröffentlicht am

Arkham: Tesla still owns $780m in Bitcoin following wallet movement

  • Tesla has split the 11,509 Bitcoin across seven wallets
  • Arkham Intelligence said some have speculated that the move was to a crypto custodian
  • Tesla remains the third largest publicly traded Bitcoin company being MicroStrategy and Marathon Digital Holdings

Tesla still owns 11,509 Bitcoin despite the wallet movement last week, according to a blockchain analytics company.

In a post on X, Arkham Intelligence said:

“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla. Tesla moved their entire balance of 11,509 BTC ($776.9M) to new wallets.”

Arkham noted that Tesla split the 11,509 Bitcoin into seven wallets, with the largest wallet holding 1Fnhp – 2109.3 BTC ($142.2M).

“Some have speculated that this is movement to a custodian, for example to secure a loan against the BTC,” said Arkham.

Third largest publicly traded Bitcoin holder

Tesla’s Bitcoin transfers mark the first time the electric car company has interacted with its crypto wallet since 2022 when it initially sold off a significant portion of its holdings.

At its height, Tesla owned around 43,000 Bitcoin after it invested $1.5 billion in the crypto asset in February 2021, according to data from BitcoinTreasuries. This resulted in the sale of $272 million worth of Bitcoin in the first quarter of 2021, creating a profit of $128 million.

By the second quarter of 2022, Tesla sold another $936 million in Bitcoin, generating $64 million in gains as the market experienced volatility.

With the recent transfers, some feared this would lead to a market dump. Tesla is expected to conduct its third-quarter earnings call scheduled on October 23 where it may reveal its plans for its Bitcoin.

To date, Tesla remains the third largest holder of Bitcoin among publicly traded companies. It trails behind MicroStrategy and Marathon Digital Holdings.

The post Arkham: Tesla still owns $780m in Bitcoin following wallet movement appeared first on CoinJournal.

Veröffentlicht am

Peter Todd forced underground after HBO documentary named him Bitcoin’s creator

  • Peter Todd said he didn’t realize the HBO documentary was trying to unveil the identity of Bitcoin’s creator, but rather go into the history of the crypto asset
  • Cullen Hoback, director of the documentary, claims that Todd is blowing things out of proportion saying his life is in danger after being named Nakamoto

Peter Todd, a Bitcoin core developer, has gone into hiding over fears for his safety after an HBO documentary named him Bitcoin’s creator, Satoshi Nakamoto.

Aired earlier this month and directed by Cullen Hoback, the “Money Electric: The Bitcoin Mystery,” examined Bitcoin’s early days and some of its key figures, one of which was Todd. Another was Blockstream founder Adam Back.

During the documentary’s finale, when confronted with a question from Hoback, Todd said: “Yeah, I’m Satoshi Nakamoto.”

Ahead of the documentary’s release, Todd denied he was Satoshi. Following the documentary’s release, Todd took to social media again to deny he was Satoshi after someone called him out, writing, “I’m not Satoshi.”

No one should help to find Satoshi

In an interview with Wired, Todd indicated that he’s gone into hiding following the documentary over fears for his safety.

Harassment Todd’s faced includes receiving 25 emails over two days for someone asking him to help repay a loan.

In an email to the publication, Todd said:

“Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping.”

According to Todd, he didn’t realize the documentary was trying to uncover the mysterious creator of Bitcoin, but rather document the crypto asset’s history.

Todd added: “Not only is the question dumb, it’s dangerous. Satoshi obviously didn’t want to be found, for good reasons, and no one should help people trying to find Satoshi.”

In Hoback’s view, Todd is blowing things out of proportion and that nothing terrible has happened to other people who were believed to be Satoshi.

According to Hoback, unveiling the identity of Satoshi is a matter of public interest and “pretty important” because that person is “potentially on track to become the wealthiest on Earth.”

Hoback’s reasoning behind Todd being Bitcoin’s creator lies in a 2010 web forum post in which Todd responded to one of Satoshi’s posts. According to Hoback, Todd’s post is a continuation of Satoshi’s that was mistakenly sent from Todd’s account rather than Satoshi’s.

The post Peter Todd forced underground after HBO documentary named him Bitcoin’s creator appeared first on CoinJournal.

Veröffentlicht am

Paul Tudor Jones says he’s long gold and Bitcoin

  • Billionaire Paul Tudor Jones is bullis on gold and Bitcoin.
  • The hedge fund manager told CNBC in an interview that commodities are under-owned.

Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote.

The billionaire hedge fund manager shared his investment strategy during an interview with CNBC’s Andrew Ross Sorkin on Oct. 22. Jones, the founder and chief investment officer of Tudor Investment, told Sorkin that his trading strategy is long gold and long bitcoin.

Bitcoin, gold

According to the Tudor Investment CIO, the market has commodities “ridiculously under-owned” and that’s why he’s bullish on the commodities as well. Jones also has Nasdaq as a long term bet – despite who wins the US presidential election. Data on Polymarket shows most crypto traders on the platform lean Donald Trump.

While he takes a bullish outlook on BTC gold and commodities in general, Jones is bearish on bonds amid worrying government spending. He believes if the government does not get serious about this, it’s a scenario that could see the bond market hit a major sell-off.

Amid this outlook, the hedge fund manager does not also plan to own any fixed income.

“The question is after this election will we have a Minsky moment here in the United States and U.S. debt markets?” he commented.

Bitcoin price hovered around $67,500 at the time of writing on Tuesday, Oct. 22, up 52% year-to-date and 125% over the past year. The cryptocurrency rallied to an all-time high of $73k in March.

Meanwhile, gold has been on a tear in recent weeks. As of Tuesday, the precious metal’s price ticked $2,747.68 for an all-time high. Gold price has increased over 33% year-to-date.

The post Paul Tudor Jones says he’s long gold and Bitcoin appeared first on CoinJournal.

Veröffentlicht am

River introduces Bitcoin interest on cash deposits feature

  • River has announced a new feature dubbed, ‘Bitcoin Interest on Cash’
  • The product allows customers to get BTC for interest earned on their cash deposits.
  • The US-based platform will offer a 3.8% interest on the cash deposits.
  • User funds are FDIC-insured via its partnership with Lead Bank, the exchange said in a press release.

River, a US-based Bitcoin exchange provider, has introduced a new feature that lets users earn interest in Bitcoin on their cash deposits.

The new product is ‘Bitcoin Interest on Cash’, River revealed in an announcement on Tuesday. According to the company, the feature will allow customers to earn a 3.8% interest on their cash deposits.

River partnership with Lead Bank

River is not a bank. Howver, it has partnered with Federal Deposit Insurance Corporation (FDIC)-registered Lead Bank to insure customer’s deposits up to $250,000. It means users’ money in Lead Bank will benefit from FDIC insurance, with customers protected against a failure for the bank.

River says users can withdraw their funds at any time.

“In a world where traditional savings accounts are unable to fully protect your wealth, Bitcoin Interest on Cash offers a new path forward. By combining the predictability of cash with the opportunity of bitcoin, we’re empowering you to take control of your financial future,” Alex Leishman, chief executive officer at River, noted.

Swan CEO Cory Klippsten commented on River’s new product:

According to the exchange, the 3.8% interest could be huge as Bitcoin price looks to rally. The same earnings over the past two years, for instance, could have returned 16 times the average savings account.

Bitcoin traded around $67,500 on Tuesday, October 22, 2024.

The current BTC price is up over 125% in the past year. Notably, the gains were much higher when BTC raced to its all-time high above $73,000 in March.

The post River introduces Bitcoin interest on cash deposits feature appeared first on CoinJournal.