Kategorie: Crypto News

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Ripple launches crypto custody solution for banks

  • Ripple has unveiled new features for its custody solution for banks and fintechs.
  • The company is looking to tap into the growing tokenization and RWA market.

Ripple has launched new features that bring digital asset custody to banks and fintechs, the blockchain company announced on Oct. 10.

According to the announcement, the company’s Ripple Custody platform now supports bank-grade custody technology. Customers will be able to tokenize a wide range of assets, including crypto, fiat, and RWAs, all while leveraging Ripple’s XRP Ledger integration.

Other notable features include transaction screening with Elliptic integration and hardware security via AWS Cloud HSM. In this case, Ripple Custody brings banks and other financial technology companies the capacity to build and scale their businesses, tapping into software infrastructure that adds key layers of security for transfers and settlements.

“Ripple’s custody technology offers a single platform for safeguarding and managing digital assets, designed with the security and compliance standards that top global banks and financial institutions have come to rely on, ” said Aaron Slettehaugh, SVP of product at Ripple.

Ripple eyes rapidly growing crypto custody market

The new move aims at helping Ripple make inroads in a global digital asset custody market expected to hit $16 trillion by 2030. The company also targets the tokenization trajectory that will see 10% of the world’s gross domestic product on-chain by 2030.

Currently, Ripple Custody offers its services to major banks across the globe, including in the US, Switzerland, Germany, France, the UK, Singapore and Hong Kong. Industry players utilizing Ripple Custody include DBS, BBVA Switzerland, Societe Generale-FORGE, and Archax.

Ripple acquired Swiss-based custody firm Metaco in May 2023, taking steps that have seen it grow its crypto custody business. Standard Chartered’s Zodia Custody integrated Metaco’s digital assets custody solution in December 2023.

Earlier this month, the company secured an in-principle approval to expand its services in the United Arab Emirates.

The post Ripple launches crypto custody solution for banks appeared first on CoinJournal.

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BTC risks dropping below $60k as Bitcoin Dogs trades above $0.006

Key takeaways

  • Bitcoin trades in the $60k region and could dip further if the bearish momentum continues.
  • $0DOG is down 6% in the last 24 hours but continues to trade above $0.006 per coin.

BTC could dip below $60k as bears remain in control

The cryptocurrency market has been bearish since the start of the week, with the prices of most coins and tokens currently in the red. Bitcoin, the leading cryptocurrency by market cap, is down more than 2% in the last 24 hours.

At press time, Bitcoin’s price is $60,737, but if the bearish trend continues, it could drop below $60k soon. Analysts believe Bitcoin is consolidating and could rally higher in the medium term. 

What is Bitcoin Dogs?

The cryptocurrency market has been consolidating in recent weeks, but new projects continue to emerge, offering investors more ways to invest in the market. Bitcoin Dogs is a new project offering products and services to users in the Bitcoin ecosystem. 

It leverages the growth of the Bitcoin blockchain to become a leading coin. Bitcoin Dogs is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. 

Following its successful presale, where it raised $13 million, Bitcoin Dogs is currently working on incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

$0DOG, Bitcoin Dogs’ native token, is live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools. 

$0DOG underperforms alongside the broader crypto market

$0DOG is underperforming, similar to the broader crypto market. The token has lost 6% of its value in the last 24 hours but continues to trade above $0.006 per coin. 

Despite the bearish market, the Bitcoin Dogs team continues to roll out new features and services for its users. Earlier this week, the team rolled out the $0DOG-ETH LP Farm, with an APY of 447%. 

This latest development allows investors to add liquidity to the Bitcoin Dogs ecosystem and receive massive returns on their investments. 

Should you buy the Bitcoin Dogs token with this retracement?

The cryptocurrency market has been underperforming in recent weeks, and Bitcoin Dogs is no exception. $0DOG is down from the all-time high of $0.01792 it achieved last month. 

The retracement provides a buying opportunity for investors as the token could soar higher once the bulls regain control of the broader cryptocurrency market. The team is already rolling out its products and services, including a blockchain-based game and several staking opportunities. These developments could push $0DOG’s price higher in the medium to long term.

The post BTC risks dropping below $60k as Bitcoin Dogs trades above $0.006 appeared first on CoinJournal.

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Rexas Finance (RXS): Ethereum-based RWA giant raises $2,750,000 as third presale ends before schedule

The hype surrounding Rexas Finance (RXS) has intensified with the successful early completion of its Stage 3 presale, raising $2.75 million ahead of schedule. This Ethereum-based real-world asset (RWA) tokenization platform saw over 57 million tokens sold in a short space of time, prompting the early transition to Stage 4 of the presale. The token price has now increased to $0.06, offering investors a final opportunity to secure tokens before the official launch.

Stage 4 presale: Skyrocketing exposure and advanced investments

With growing demand for Rexas Finance tokens, stage 4 of its presale represents the last opportunity for crypto investors to buy the token before it enters the market at a higher price. During Stage 4, each RXS Token is still priced at $0.06, which is significantly below the level analysts expect RXS to trade at when it becomes available on the open market. 

Having raised $2.75 million in previous stages, Rexas Finance is quickly attracting the attention of retail and institutional investors alike, seeking a strong foothold in the real-world asset tokenization market. Considering the growing pace of demand, many industry observers believe that Stage 4 will sell out quickly, potentially leading to increased prospects for RXS once it is listed on exchanges.

Rexas Finance (RXS) ecosystem: Tokenization of real-world Assets

The Rexas Finance platform features one of the most attractive solutions that concentrate on the tokenization of many different kinds of tangible assets like real estate, works of art, and other valuables. Rexas Finance serves as a bridge by enabling ordinary investors who otherwise, would not have been able to engage with such high-value markets and hence engage in partial returns on objects that were previously inaccessible.

The Rexas Finance system provides its customers with a streamlined workflow for the tokenization and trading of real assets through blockchain technology. This eliminates many of the challenges typically associated with financing artwork or property, such as high upfront costs and asset liquidity issues. Given its current trajectory, the increasing number of assets tokenized on the platform indicates the disruption of trillion-dollar industries, making the project one of the most attractive in 2024.

$1M Giveaway: Offering rewards to early investors

In addition to the robust presale, Rexas Finance has announced a $1 million giveaway as part of an initiative to welcome and reward those who subscribe to the presale stages. This initiative has attracted even more investors, as those who participate in the giveaway have the opportunity to win significant rewards, further increasing attention on the token. 

By offering $1 million to potential funders and utilizing a specific mechanism for creating added value during the presale, Rexas Finance makes it even more enticing to become part of its growing ecosystem as an early investor before the token becomes available. Many believe that RXS’s listing will likely lead to a price surge for the token, making presale investment an attractive opportunity to benefit from both the token’s price rise and the giveaway.

Final Overview: The future of Rexas Finance looks promising

As Rexas Finance (RXS) enters Stage 4 of its presales, it appears to be on track to become a significant force in the tokenized real-world asset market. With $2.75 million raised and over 57 million tokens sold, the successful presale of Rexas Finance reflects the market’s demand for RWA tokenization.

Since the $1 million giveaway is still ongoing and the token price remains at $0.06, now could be an opportune time for investors to get involved before RXS goes public. As the Rexas Finance ecosystem expands, the anticipated growth is expected to drive token price appreciation, offering early investors the chance to realize significant returns soon.

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 Rexas Finance (RXS): Ethereum-based RWA giant raises $2,750,000 as third presale ends before schedule appeared first on CoinJournal.

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Poodlana price prediction: will it rise despite the post-presale decline?

  • Poodlana’s niche appeal to East Asian luxury consumers sets it apart in crypto.
  • Upcoming Asian economic announcements could boost trading volume and interest.
  • Plans for staking and partnerships with fashion brands further enhances Poodlana’s appeal.

Poodlana (POODL), a meme-inspired cryptocurrency launched on the Solana blockchain, has gained attention for its unique positioning in the crypto market.

With its poodle-themed concept and strong ties to both the high fashion industry and East Asia’s luxury consumer market, Poodlana presents a combination of cultural relevance and financial potential. Despite experiencing a significant decline after its presale, there are several reasons why Poodlana price is expected to rebound in the near future.

Poodlana’s unique appeal

Poodlana (POODL) stands out in the crowded meme coin market due to its distinct appeal to East Asian investors. The altcoin was designed with a strong emphasis on the region’s fascination with high fashion and toy poodles, both of which are dominant trends in countries like China, Japan, and South Korea.

By combining these themes, Poodlana has successfully differentiated itself from other dog-themed cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB), making it a targeted investment opportunity for fashion-savvy and trend-conscious investors.

Moreover, Poodlana’s connection to the Solana blockchain gives it an advantage in terms of transaction speed and cost-efficiency compared to meme coins on Ethereum, where high gas fees have been an issue.

Solana’s reputation for scalability and speed aligns well with the ambitions of Poodlana, particularly as it plans to introduce staking and other community-focused features.

POODL presale success and post-launch decline

Poodlana’s presale was a major success, raising a whopping $7.1m in a record 30 days. During the presale, Poodlana price rose from an initial $0.02 to a Raydium listing price of $0.06.

The presale helped establish a strong foundation for the coin, with early adopters showing confidence in its potential.

However, like many cryptocurrencies, Poodlana (POODL) experienced a significant price drop after it launched on the open market. Since its listing on major exchanges such as MEXC and Raydium, the coin has faced a sharp decline.

This post-presale decline is not uncommon in the world of cryptocurrencies, especially for meme coins. Early investors often sell off their holdings for a quick profit, causing a temporary dip in the price.

Additionally, concerns over token concentration in a few wallets, as flagged by Rugcheck, have also made some investors cautious. Large holders can potentially manipulate the market by selling significant amounts of the coin, creating volatility and price swings.

Why Poodlana’s price is expected to rise

Poodlana (POODL) has recently faced a considerable price decline, dropping over 70% over the past 30 days. At press time, POODL traded at $0.003788, following a considerable drop from its listing price of $0.06.

This downturn, while concerning, is not uncommon for newly launched cryptocurrencies, especially meme coins that often experience volatility post-launch.

Despite the downturn, several factors suggest that Poodlana may be on the verge of a price rebound.

  • Geopolitical and macroeconomic factors: Geopolitical tensions and macroeconomic conditions are currently driving investors away from traditional fiat currencies. As conflicts intensify and government deficits rise, investors are turning to cryptocurrencies like Bitcoin as a safe haven. Historically, Bitcoin’s rise often pulls other cryptocurrencies along with it, and Poodlana could benefit from this trend. JPMorgan analysts have even predicted that Bitcoin could see significant gains, and if so, meme coins like Poodlana may follow suit.
  • Upcoming Asian economic announcements: This coming Saturday, important economic plans for the Asian market are set to be revealed. Given that 80% of meme coin trading happens during Asian hours, any positive economic news from the region could lead to increased trading volume and renewed interest in Poodlana. The coin’s strong appeal to East Asian investors, particularly those with a passion for luxury fashion and toy poodles, could result in a boost in demand.
  • Staking platform and roadmap: Poodlana’s development team has ambitious plans that extend beyond being just another meme coin. The upcoming launch of its staking platform will provide holders with a passive income opportunity, potentially driving more long-term interest in the coin. Additionally, Poodlana’s partnerships with fashion brands and influencers are expected to elevate its profile, making it more attractive to a wider audience. These efforts could result in renewed demand and upward price movement.
  • Tailwinds from the fashion industry: As a coin that markets itself as glamour-inspired, Poodlana is also poised to benefit from growth in the global fashion industry. Its plans to partner with high-fashion brands and lifestyle platforms could help establish it as a luxury-oriented cryptocurrency, appealing to a niche market of fashion-conscious consumers.

Conclusion

While Poodlana has experienced a post-presale slump, several factors suggest that the coin may be poised for a comeback. Its strong appeal to East Asian investors, combined with favorable macroeconomic trends, planned technical innovations, and its unique positioning in the fashion industry, make it a coin worth watching.

As geopolitical tensions drive investors toward cryptocurrencies and upcoming economic announcements in Asia create potential tailwinds, Poodlana could see a rise in price in the near future.

Those who are willing to ride out the current volatility may find that Poodlana has significant long-term growth potential. To find out more about the meme coin, you can visit its official website here.

The post Poodlana price prediction: will it rise despite the post-presale decline? appeared first on CoinJournal.

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Cardano gears up for a $5 run, Polygon to double, Rexas Finance (RXS) could jump from under $0.12 to $12

The crypto market is bracing itself for significant price movements as Cardano (ADA), Polygon (POL), and Rexas Finance (RXS) prepare for potential surges. Cardano, showing promising signals, could be gearing up for a massive breakout. Polygon is witnessing network growth post-upgrade, and Rexas Finance is revolutionizing real-world asset tokenization, with expectations of a monumental price jump.

Cardano (ADA) eyes a $5 surge

Cardano’s technical indicators point towards a potential rally similar to its previous explosive rise. Between December 2020 and May 2021, ADA surged over 1,000%, from $0.15 to $1.77. A similar setup, with the 50-day Exponential Moving Average (EMA) crossing the 100-day EMA, signals that ADA might be poised for a similar breakout. If history repeats itself, Cardano could climb to $5, representing a substantial opportunity for investors.

Could Polygon (POL) double in value?

Polygon has recently undergone a transformation, rebranding from MATIC to POL, with all tokens smoothly converting in a 1:1 ratio. This transition has led to Polygon leading network growth, boasting a 1,019% rise in new addresses. With a transaction count of 2.61 million and a 24-hour trading volume of $80 million, Polygon looks set for continued growth. As its ecosystem expands, POL is expected to double in value, cementing its position in the crypto market.

Rexas Finance revolutionizes real-world asset tokenization

Rexas Finance (RXS) is taking the concept of tokenization to new heights by offering a platform where investors can tokenize real-world assets (RWA), including real estate, gold, and other commodities. RXS enables users to buy fractions of these assets, making markets like real estate, historically reserved for the wealthy, accessible to all. Imagine an individual in Asia owning a percentage of a European restaurant, earning passive income from the investment without ever stepping foot in Europe. This ground-breaking approach unlocks new possibilities for investors worldwide.

Real-world asset tokenization

The global real estate market is valued at trillions of dollars, and Rexas Finance is bridging the gap between this traditional market and blockchain technology. By tokenizing real estate, RXS allows individuals to purchase fractional ownership of properties, democratizing real estate investments.

Additionally, Rexas Finance extends tokenization beyond real estate, offering access to gold and other valuable commodities. With a global commodities market valued at over $121 trillion, RXS opens up enormous investment opportunities.

Rexas Token Builder and Launchpad

Rexas Finance provides tools to simplify the tokenization process. The Rexas Token Builder allows users to create digital tokens representing a share of any real-world asset. This process enhances liquidity and makes it easier for investors to enter markets that were once difficult to access.

The Rexas Launchpad also offers a platform for new projects to raise funds through token sales, further fostering innovation within the crypto market.

Rexas Finance presale success

Rexas Finance has seen tremendous success in its presale stages. Stage 1 sold out quickly, raising $450,000, and Stage 2 followed suit, with the total raised reaching $1,250,000.

Now in Stage 3, priced at $0.05 per token, RXS has raised over $1,771,702. Investors purchasing at this stage could see a 4x return upon launch, positioning Rexas Finance as a standout opportunity in the crypto market.

Rexas Finance $1 Million Giveaway

Rexas Finance is currently hosting a $1,000,000 giveaway, where 20 winners will each receive $50,000 USDT. To participate, users must submit their ERC20 wallet address and complete various quests to maximize their chances. For each friend referred, participants earn 15 additional entries, increasing their odds of winning. This giveaway not only highlights Rexas Finance’s commitment to its community but also adds an exciting incentive for investors.

Conclusion

As the crypto market prepares for another wave of growth, Cardano, Polygon, and Rexas Finance stand out as projects with immense potential. Cardano could see a price surge to $5, Polygon could be set to double in value, and Rexas Finance, with its innovative tokenization platform, looks to be on the path to disrupting the market. With RXS poised to leap from under $0.12 to $12, investors are eagerly anticipating what’s next for this game-changing project.

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 Cardano gears up for a $5 run, Polygon to double, Rexas Finance (RXS) could jump from under $0.12 to $12 appeared first on CoinJournal.