Kategorie: Crypto News

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Bitbot’s presale officially surpasses $1.5m as stage 7 nears completion

Key takeaways

  • Bitbot has raised more than $1.5 million in its presale so far. 

  • The project is offering $100k free airdrop to users ahead of its token launch.

The cryptocurrency market has been bullish this week, with Bitcoin returning to the sub-$70k region. With the market still bullish, investment continues to flow into nascent projects. 

Bitbot is looking to ease the trading process for traders. The project has so far raised a substantial amount to help it roll out its products. 

What is Bitbot?

Bitbot is an exciting Web3 project designed to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.  

Ideally, Bitbot can best be termed as a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. Investors in this project and its users would have a unique value proposition. Bitbot will leverage Telegram’s position as a leading social media platform for crypto users.

The team explained that Bitbot will provide traders with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to exceptional trading functions.

The total cryptocurrency market cap stands above $2.6 trillion and is expected to soar higher in the coming months. Bitbot wants to leverage the rising trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.

With the entry of more retail and institutional traders, Bitbot could become a leading trading tool for them. 

Bitbot’s technology to serve crypto traders

Bitbot is a tech-savvy tool that could become very useful to cryptocurrency traders. It seeks to ease the trading process for its users.

A primary focus for Bitbot is user security. The tool will use Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. Secondly, the team will develop anti-MEV and anti-rug solutions to help users protect their assets. These features enable traders to avoid bots that artificially pump transaction costs and block scam projects from their timelines. 

Additionally, Bitbot will use ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.

New traders can take advantage of Bitbot’s copy trading feature. This feature allows them to copy the trades of the strongest-performing wallets based on on-chain activities.

With Bitbot giving out $100k to 100 lucky winners, new traders can participate in this to help them build a capital base.

Bitbot’s presale surpasses $1.5m

The Bitbot presale is in the seventh stage and has already raised more than $1.5m. The 7th stage will end once the amount raised reaches $1.63m. 

The project’s growing presale shows that investors are buying into Bitbot’s narrative and potential growth. Currently, the $BITBOT token is going for $0.0134 but is set to increase to $0.0141 once the eighth round commences.

The development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% of the total token supply has already been allocated to marketing & CEX listings while 3% goes to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale.

Could $BITBOT rally higher this year?

The crypto market has been bullish since the start of the year and many analysts expect BTC to surpasses $150k in the coming months. With the Bitcoin halving roughly 20 days away, trading volume in the market could significantly go higher.

Bitbot could be a big winner in the market if it rolls out its products. The project can leverage the growing trading volume in the market to obtain a sizable market share. If that happens, its native $BITBOT token could soar higher in the coming months and years. 

The post Bitbot’s presale officially surpasses $1.5m as stage 7 nears completion appeared first on CoinJournal.

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Velar’s native token to list on Bybit

  • Bybit will list VELAR, the native token of Bitcoin liquidity protocol Velar on April 3.
  • Velar’s listing on Bybit will be via an initial exchange offering and marks a major milestone for Bitcoin ecosystem.

Velar is set to launch its native token VELAR via an Initial Exchange Offering (IEO) on crypto exchange Bybit.

The Bitcoin liquidity protocol said in an announcement on Wednesday that VELAR will go live on Bybit on April 3 and will coincide with its Initial DEX offering.

Also notably, VELAR on a top tier crypto platform aligns with the project’s roadmap for accelerating its growth and adoption across the global marketplace.

According to a news release shared with CoinJournal, this is significant milestone for the DeFi ecosystem on Bitcoin. In particular, Velar’s launch is expected to bolster liquidity and utility within the Bitcoin DeFi ecosystem.

Bybit’s position as one of the world’s top spot and derivatives exchange platforms will play a huge part in this, the platform noted in the announcement.

“As we prepare to go live on Bybit, one of the world’s top 3 crypto exchanges, with the listing of $VELAR token on April 3rd, we recognize the significance of this moment for the entire Bitcoin ecosystem,” Velar co-founder & CEO Mithil Thakore said.

The Velar chief added, “This marks a pivotal juncture where we’ll witness firsthand the interest and adoption of Bitcoin ecosystem projects on a global scale. It’s not just about our project; it’s about paving the way for countless others.”

The Bitcoin DeFi ecosystem continues to grow

Ethereum has over $50 billion in liquidity locked across DeFi protocols.

According to Velar, this is an outlook that suggests enormous potential for Bitcoin, the benchmark crypto asset. The upcoming launch offers an opportunity for Velar to tap into more than $1 trillion in dormant BTC capital.

The prospect means Bitcoin holders can leverage the opportunities, including yields, that the smart contracts industry offers.

VELAR’s listing on Bybit comes after Velar successfully launched Dharma, an automated market maker (AMM) and decentralized exchange (DEX). The platform has already attracted over 150k users, with users able to access features such as token swaps, liquidity pools, staking and yield farming.

Bitcoin continues to see unprecedented growth and a new era of DeFi, NFTs and gaming is seen as the next big thing. Velar has a first mover advantage as it seeks to bring more BTC into the DeFi landscape.

According to today’s press release, Velar will soon launch its V2 mainnet to introduce a Bitcoin-native perpetual DEX platform. The pioneering non-custodial platform will offer up to 20x leverage.

The post Velar’s native token to list on Bybit appeared first on CoinJournal.

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Crypto price predictions: BitBot, Mantle, Bitcoin Cash

Cryptocurrencies were relatively mixed on Wednesday as investors waited for the next catalyst. Bitcoin remained above $70,000 as buyers attempt to retest its all-time high. Some of the other top-performing cryptocurrencies were Mantle (MNT), Sui, Bitcoin Cash, and SingularityNET (AGIX). This article provides a forecast for some of these coins like Bitcoin Cash, BitBot, and Mantle.

Bitcoin Cash price forecast

Bitcoin Cash (BCH) price has been in a strong uptrend in the past few months.  It rallied as investors wait for the upcoming halving event, which will reduce the number of block rewards.

This rebound gained steam on Wednesday as it crossed the important resistance level at $529.8, its highest swing on March 3rd.

Moving above this price was an important move since it invalidated the double-top pattern, which has been forming recentlt. The token has moved to the fourth resistance of the Woodie pivot point. 

It has jumped above all moving averages while the Relative Strength Index (RSI) has drifted upwards. Therefore, the outlook for the coin is highly bullish, with the next point to watch being at $600.

Mantle price prediction

Mantle token price continued rising on Wednesday, becoming one of the best-performing cryptocurrencies in the market. The token surged after the official $MNT lock-in period started, making it possible for rewards to be unlocked.

Mantle price formed a god candle as it surged to a high of $1.4890, its highest point on record. It also jumped above the second resistance of the Woodie pivot point. The coin also soared above the key resistance point at $1.10, its highest swing on March 11th.

Mantle has soared above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral level. Therefore, the outlook for the MNT token is bullish, with the next point to watch being at $1.50. 

BitBot analysis

Unlike Mantle and Bitcoin Cash, BitBot is in a presale phase, where it is growing in popularity. The developers have now raised over $1.5 million in its token sale, making it one of the most successful token sales.

BitBot is a company that aims to change the crypto trading industry by creating an AI-trading bot that will be provided in Telegram. This is a major bot that will target over 900 million Telegram users from around the world.

In addition to its AI features, BitBot will have more unique features. It will have strong security features, advanced trading tools, and in-built data tools. Most importantly, it will be more secure by having self-custody features.

There are a few reasons why the BitBot token will do well. First, it has advanced artificial intelligence features. In most cases, AI-focused tokens like SingularityNET, Fetch AI, and Ocean Protocol are soaring.

Second, unlike other cryptocurrencies, it will have utility in the ecosystem. Some of these features will be revenue sharing and governance roles. Holders will also have an exclusive access to the platform. You can buy the BitBot token here.

The post Crypto price predictions: BitBot, Mantle, Bitcoin Cash appeared first on CoinJournal.

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Judge rules SEC can proceed with case against Coinbase

  • Judge rules SEC vs. Coinbase case to proceed.
  • US District Judge Kathrine Failla however granted Coinbase’s motion on its wallet.

A federal judge has ruled that the US Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase will move forward.

US District Judge Kathrine Failla gave the ruling on Wednesday, with the court’s order denying Coinbase’s motion to dismiss the case.

Judge denies Coinbase motion

The SEC sued Coinbase in June 2023, alleging that the US-based company operated an unregistered crypto exchange and offered unregistered securities.

Judge Failla allowed the SEC’s case noting that the regulator had “sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.”

The court however, granted Coinbase’s motion to dismiss SEC’s claims against Coinbase Wallet.

“Today, the Court decided that our SEC case will move forward on most of the claims, but dismissed the claims against Coinbase Wallet. We were prepared for this, and we look forward to uncovering more about the SEC’s internal views and discussions on crypto regulation,” Coinbase chief legal officer Paul Grewal said in a comment posted on X.

“We also appreciate the Court’s understanding that technology innovations like Coinbase Wallet do not and cannot implicate US securities laws,” Grewal added.

Coinbase will now prepare to meet the SEC in court, the exchange’s legal officer said. According to court documents, the parties now have until April 19, 2024 to submit a proposed case management plan.

Crypto prices fell slightly following the news. Top altcoins like Solana, Cardano and Avalanche saw losses of more than 3% each.

Bitcoin slipped below $70k while Ethereum hovered to near $3,500.

The post Judge rules SEC can proceed with case against Coinbase appeared first on CoinJournal.

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Tether integrates native USDT on Celo mainnet

  • Tether has added native USDT on Celo blockchain.
  • Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations.

Tether’s USDT is now live on Celo, a mobile-first and EVM-compatible blockchain.

USDT integration on the Celo mainnet bolsters the blockchain platform’s stablecoin adoption and real-world assets (RWAs).

“This expansion introduces USDT to Celo’s robust ecosystem with over 1,000 partners in 150 countries, including Opera MiniPay’s ultralight stablecoin wallet in Kenya and Ghana, among other countries,” the Celo Foundation said in a blog post.

Tether and Celo initially announced their partnership on March 11. At the time, Tether CEO Paolo Ardoino commented that USDT integration on Celo was a “significant step forward” in the company’s mission to bring crypto to millions of people around the world.

Ardoino noted Tether would leverage Celo’s unique capabilities to enhance Tether’s usability and accessibility.

Celo partners to tap into USDT

Following the USDT launch on Celo, core network contributor cLabs revealed plans for a proposal that will see the USDT stablecoin used as the official gas fee token.

Celo’s ecosystem counts more than 1,000 builders across 150 countries. More than 20 partners will tap into USDT for use cases such as on-chain savings, lending, peer-to-peer (P2P) transactions, remittances and cross-border payments.

Among Celo ecosystem partners looking to leverage the native USDT support on the blockchain include point of sale platform Ammer Pay, crypto-fiat exchange Bitmama, regulated stablecoin on/off ramp Yellow Card and DeFi platform HaloFi. 

The post Tether integrates native USDT on Celo mainnet appeared first on CoinJournal.