Kategorie: Crypto News

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Are NEIRO and Rexas Finance (RXS) better choices for investors than Shiba Inu (SHIB) in 2024?

As the cryptocurrency market continues to evolve, investors are on the lookout for any changes that offer a higher yield. Looking ahead towards the end of 2024, several people are wondering whether there is still attractiveness in already existing coins e.g. Shiba Inu (SHIB) or whether new coins like NEIRO or Rexas Finance (RXS) might be a better bet. Let’s take a look at why these newer coins might offer more upside.

Rexas Finance (RXS): A leader in the presale market

Rexas Finance has become popular in the crypto community, especially due to its impressive presale performance. The project has just finished its third stage presale phase and already raised over $2 million. The presale’s success is due to the outstanding features of the Rexas platform, which is mainly based on real estate tokenization and decentralized finance (DeFi). 

Rexas Finance is appealing to investors because it has a distinctive value proposition that promises to revolutionize real estate transactions. Rexas Finance’s presale price started at $0.03, and in the latest phase it is $0.06 – a 100% increase over the previous one. 

This growth indicates increased confidence among investors and a high demand for RXS tokens. An early investor could gain as much as 233% when it goes live, since analysts are estimating a listing price of $0.20. 

Giveaway initiatives to boost engagement

Rexas Finance recently introduced a $1 million giveaway for the participants, which has over 100,000 entries with 118 days left. This strategy aims at bringing in new investors as well as benefiting the current investors as well which improves the overall participation of the community. The giveaway serves as the impetus for the project encouraging more people to visit the platform hence increasing the demand for the tokens.

In addition, the attention of many internet users has turned to the marketing strategy of the giveaway, thus creating discussions about Rexas Finance’s potential. Given the buzz surrounding the Rexas presale and the giveaway’s high demand, Rexas is building a strong brand in the market and could easily be a household name.

NEIRO: Another emerging contender

As Rexas Finance is establishing its position in the market, NEIRO is on the rise as well and enjoying growing popularity. Seeking to unify both the world of finance and the power of blockchain technology, NEIRO plans on reforming the financial services industry. The concentration of said project is the multipurpose yet efficient architecture of Dapps and investors began to notice its bold strategy.

Lately, NEIRO has captured the cryptocurrency market’s attention and is currently priced at $0.06. Given such rising investor interest, the targets suggest it can reach $ 0.15, which is a 150% upside potential. Such tempts the investors as it helps in earning some decent returns and thus it shows that there is a healthy demand for NEIRO in the competitive world of cryptos.

Comparing with Shiba Inu (SHIB)

Unlike the interesting stories of NEIRO and Rexas Finance, Shiba Inu seems to be suffering diminishing appeal amongst its investors. Given the current market structure, SHIB has been unable to gain traction. Built on memes and social media buzz, Shiba Inu has no fundamental use cases like NEIRO or Rexas Finance. At this point, the price of SHIB stands at about $0.000017 with horrible prospects for moving any time soon.

In addition, Shiba Inu has a very high token supply at 1 quadrillion tokens. Because SHIB tokens are so abundant this limits the potential price one token might conceivably climb to. In contrast, the tokenomic supply of both NEIRO and Rexas Finance is more controlled, which increases the chances of higher prices as the demand grows.

Conclusion: The path forward for investors

Looking to 2024 and beyond, the cryptocurrency space continues to change for the better. NEIRO and Rexas Finance (RXS) are being billed as investments that could outperform Shiba Inu in terms of growth trajectory. 

Given the splendid presale performance of Rexas, which has raised over $2.75 million, and the enticing giveaway program with a value of $1 million, investors are staring at a project that not only promises returns but also cherishes the community.

Both projects have inherent utility and a good growth opportunity. In this regard, some analysts have argued that investors should move away from the standstill of Shiba Inu and instead focus on putting their funds towards NEIRO and Rexas Finance. For those who make the shift, the future could be rosy because these new tokens have the potential to offer very good returns in the next few months.

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 Are NEIRO and Rexas Finance (RXS) better choices for investors than Shiba Inu (SHIB) in 2024? appeared first on CoinJournal.

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Mt. Gox delays repayment deadline, pushes it to October 2025

  • The defunct exchange had an original repayment deadline of October 31, 2024
  • Mt. Gox said the delay was down to creditors not completing the repayment steps and issues arising from the repayment process
  • In 2024, Mt. Gox collapsed following a security breach, resulting in the loss of 850,000 Bitcoin

Defunct crypto exchange Mt. Gox has pushed its repayment deadline to October 2025, adding another year from its original date.

According to a statement from the exchange, it will now repay creditors on October 31, 2025.

“As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the Repayments from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Standard Time),” Mt. Gox said.

This marks the second time the platform has moved its deadline. In a 2023 statement, the platform announced that it was moving its repayment deadline from October 31, 2023, to October 31, 2024.

Launched in 2010, Mt. Gox was the biggest crypto exchange, handling around 70% of Bitcoin transactions, before a hack in 2014 caused its collapse. As a result of its security breach, the exchange lost around 850,000 Bitcoin.

In July, it began repaying creditors around $9 billion in recovered assets; however, according to data from Arkham Intelligence, Mt. Gox still holds 44,905 Bitcoin worth around $2.8 billion.

In the latest statement from the defunct exchange, the delay is down to two things: creditors haven’t completed the necessary steps for repayment and because of issues arising from the repayment process.

The post Mt. Gox delays repayment deadline, pushes it to October 2025 appeared first on CoinJournal.

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Tap-to-earn Games Comes to TikTok

  • Sonic SVM, a layer-2 gaming chain on Solana, launched a tap-to-earn game on TikTok and is partnering with influencers to publicise it.
  • While not a mini app like those on Telegram, users will be able to open a web page using TikTok’s in-app browser to access the game.

Tap-to-earn games have made their way to TikTok with the launch of SonicX, a game similar to Notcoin that involves tapping to earn rings that allow players to upgrade and progress through the game, gathering points for an eventual token launch.

The game includes a social login that allows users to sign up/in with their TikTok accounts to track their points and ultimately claim tokens.

SonicX stands out from other tap-to-earn games on TON by registering each tap as a transaction on the Solana network, a feature which, if executed, could dramatically increase transaction volume on Solana and propel Sonic SVM into popularity as a scalable gaming layer.

The rise of  tap-to-earn games

While SonicX is the first tap-to-earn game on TikTok, it is just another in a series of games that have come to market. Heralded by Notcoin on TON, tap-to-earn games leverage their ease of access and promise of monetary reward.

These games do not require users to possess in-depth blockchain knowledge to play, and are engaging enough to gamify the pursuit of monetary reward via tokens.

Moving beyond Telegram

Telegram proved to be an excellent ecosystem for tap-to-earn games with over 900 million monthly active users and ample crypto support; the tap-to-earn movement brought 300 million players to Telegram.

While most other tap-to-earn games have stuck to Telegram and TON, SonicX intends to leverage TikTok’s 1+ billion monthly active users. Sonic SVM aims to capture 1% of TikTok’s user base, which is roughly 10 million monthly users.

Despite its name and theme, SonicX is not affiliated with the Sonic the Hedgehog brand.

The post Tap-to-earn Games Comes to TikTok appeared first on CoinJournal.

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MicroStrategy’s endgame is to be the leading Bitcoin bank: Michael Saylor

  • MicroStrategy aims to become the world’s leading Bitcoin bank, holding 252,220 BTC.
  • The company invests borrowed funds in Bitcoin, expecting 29% annual returns.
  • Saylor’s goal is to grow MicroStrategy into a trillion-dollar bitcoin-driven entity.

Michael Saylor, founder and executive chairman of MicroStrategy, in an interview with analysts at research and brokerage firm Bernstein outlined a clear vision for the future of his company. According to Saylor, MicroStrategy aims to become the world’s leading Bitcoin bank.

Saylor believes that Bitcoin (BTC) is not only the top-performing asset of the 21st century but also the cornerstone of a revolutionary financial system and his ultimate goal is for MicroStrategy to transform into a trillion-dollar company by leveraging the potential of Bitcoin (BTC).

MicroStrategy’s Bitcoin accumulation strategy

MicroStrategy’s recent acquisition of 7,420 BTC demonstrates its aggressive approach toward bitcoin accumulation, using both debt and equity to maximize returns. The company’s total investment in BTC is estimated to have cost around $9.9 billion, alongside a debt burden of $4 billion.

As a result, MicroStrategy now controls about 1.2% of the total Bitcoin supply, reinforcing its prominent position in the market.

Currently, with over 252,220 BTC in its reserves, currently valued at more than $15 billion, MicroStrategy holds the title of the largest corporate Bitcoin holder globally.

Saylor’s long-term thesis is that Bitcoin’s scarcity and volatility make it a superior asset for hedging against inflation and storing value. He foresees Bitcoin eventually reaching millions of dollars per coin, and with continued investment, MicroStrategy could grow into a trillion-dollar entity.

Saylor envisions the firm issuing various financial instruments such as equity, convertible debt, and preferred stock tied to Bitcoin, which would further cement its role in the emerging Bitcoin economy.

Saylor also emphasizes the attractiveness of Bitcoin over traditional lending models. He argues that lending to Bitcoin, by investing in it directly, offers better returns with less risk compared to lending to individuals or corporations. He plans for MicroStrategy to continue borrowing funds to invest in Bitcoin without lending out the Bitcoin itself, minimizing counterparty risk.

In the broader context of corporate bitcoin adoption, MicroStrategy’s model stands out. While other companies in the crypto space, like Marathon and Block, have adopted Bitcoin as part of their treasury strategy, MicroStrategy’s focus and scale make it unique.

Saylor remains confident that MicroStrategy’s business model, which bridges traditional USD capital markets with Bitcoin, will be difficult for others to replicate, positioning the firm as a pioneer in the Bitcoin-driven financial landscape.

A Bitcoin bank that doesn’t lend out funds

Unlike traditional banks that lend out funds, MicroStrategy’s business model revolves around borrowing money at low interest rates and investing those funds in Bitcoin.

By offering slightly higher rates to lenders and expecting Bitcoin’s annual growth to average around 29%, the company is positioned to outperform many conventional investments.

Saylor’s strategy hinges on capital markets arbitrage, where MicroStrategy capitalizes on the difference between USD capital and Bitcoin’s appreciation, allowing them to generate significant returns.

MicroStrategy’s bold ambition to become a trillion-dollar Bitcoin bank reflects Saylor’s unwavering belief in Bitcoin’s potential as the world’s most valuable asset.

The post MicroStrategy’s endgame is to be the leading Bitcoin bank: Michael Saylor appeared first on CoinJournal.

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Crypto whale loses $35M on Blast Network in phishing attack

  • A crypto whale has lost $35M in fwDETH on Blast network due to phishing permit attack.
  • The attacker drained 15,079 fwDETH, causing price drop from $2,000 to $100.
  • The incident has raised security concerns in DeFi, impacting Blast network scrutiny.

A crypto whale recently lost approximately $35 million worth of Few Wrapped Duo ETH (fwDETH) tokens in a major phishing attack on the Blast network.

The attack, first flagged by Scam Sniffer and later confirmed by security firms PeckShield and BlockSec, occurred after the victim unknowingly signed a fraudulent “permit” signature, which allowed the attacker to siphon funds from their wallet.

What is Few Wrapped Duo ETH (fwDETH)?

Few Wrapped Duo ETH, or fwDETH, is a wrapped version of Duo ETH (DETH), a derivative of Ethereum (ETH) issued by Duo, a decentralized finance (DeFi) protocol operating on the Blast network.

The stolen tokens, 15,079 fwDETH in total, represent a significant loss for the whale, whose wallet address is identified as 0xEab2E…a393.

How was the phishing attack on Blast orchestrated?

Security experts noted that the phishing attack was executed by tricking the whale into signing an offline “permit” message, which is commonly used in DeFi transactions to authorize token transfers without directly using private keys.

According to Yajin (Andy) Zhou, co-founder of BlockSec, the signed permit message was then exploited by the attacker to drain the fwDETH tokens from the victim’s account.

This incident had immediate consequences not just for the whale but also for the price of DETH.

Within hours of the attack, the price of DETH plummeted by over 38%, dropping from $3,482 to $2,150 as the attacker liquidated the stolen tokens.

The price of fwDETH also dropped by over 90% from $2,000 to $100. While the token price later stabilized and partially recovered to $1,000, the sharp decline caused shockwaves across the Blast network and the broader crypto community.

This phishing attack underscores the persistent security risks facing crypto investors, especially those holding large volumes of digital assets.

The Blast network and associated protocols may now face heightened scrutiny as a result of the incident.

The post Crypto whale loses $35M on Blast Network in phishing attack appeared first on CoinJournal.