Kategorie: Crypto News

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Dencun upgrade goes live on Ethereum mainnet

  • Ethereum’s Dencun upgrade went live on the mainnet on March 13, 2024 at 13:55 UTC.
  • The upgrade introduces “blobs” which will see a significant reduction in transaction fees for Layer-2 protocols.

Ethereum core developers have activated the Dencun upgrade on the mainnet, with the highly anticipated implementation rolling out at epoch 269568 at 13:55 UTC. 

Dencun had previously successfully deployed on the Holesky testnet in February.

Dencun upgrade is live

The upgrade introduces “blobs,” with the EIP-4844 set to see a significant decrease in transaction fees for Layer 2 protocols.

Ethereum and several L2 tokens surged earlier in the week as the Dencun upgrade approached. While prices have slightly retreated in the last 24 hours, the community is super bullish on what this hard fork means for the broader Ethereum ecosystem.

The last time the community vibe has been this positive was during the previous two major upgrades – the Shanghai upgrade in April 2023 and the Merge in September 2022.

Implementation of the Shanghai upgrade on the mainnet enabled ETH holders to unstake their tokens for the first time since deposits opened ahead of the Merge. Dencun’s rollout brings data blobs to the mainnet, with proto-danksharding set to enhance data availability and help cut transaction fees for L2s.

Users across Base, Arbitrum One, Optimism, zkSync and Starknet among other L2 platforms will benefit from this reduction. The Arbitrum team posted on X:

The post Dencun upgrade goes live on Ethereum mainnet appeared first on CoinJournal.

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Thailand approves tax exemption for crypto earnings

  • Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post.
  • New measures take effect on January 1, 2024.
  • Thai government expects to raise 18.5 billion baht from token investment fundraising. 

Thailand has approved a tax exemption targeted at crypto holders as the country looks to promote fundraising through investment tokens.

Local news outlet Bangkok Post reported on this earlier today, March 13, 2024.

Thai’s new crypto tax measures

Specifically, the Thai cabinet approved the new tax measures aimed at crypto earnings on Tuesday, March 12, 2024. 

With the nod, earnings from crypto tokens held as investment tokens do not have to be included in the calculation of an individual’s personal income tax. Such individuals who already have the 15% withholding tax added can exclude the crypto earnings from this income tax calculation.

According to Kulaya Tantitemit, Thailand’s revenue authority, the tax measures are effective January 1, 2024.

The tax breaks are also targeted at token issuers. Already, measures announced last week had provided a corporate income tax and value-added tax (VAT) waiver for issuers of investment tokens. Those measures combined with the latest cabinet nod will help push the country to the forefront as a global hub for investment fundraising, authorities said.

Thailand expects about 18.5 billion baht (about $519 million) in token investments over the next nine months, the Thai Securities and Exchange Commission (SEC) said.

The post Thailand approves tax exemption for crypto earnings appeared first on CoinJournal.

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KangaMoon (KANG) surpasses $1 million in presale: Best meme coin to buy now?

  • KangaMoon (KANG) is a new meme coin focused on utility via SocialFi and Play-to-Earn (P2E) gaming.
  • Top meme coins, including Dogecoin, Shiba Inu and Bonk eye upside as Bitcoin (BTC) price spikes to above $73k.
  • KangaMoon, which has raised over $1 million, offers a chance for its community to earn more $KANG as the presale continues.

Meme coins have seen a slight dip in their market cap over the past 24 hours, with about 4% dip to $61.8 billion. Meanwhile, Shiba Inu and Bonk have seen significant dips this past week.

Despite this, the crypto segment remains one of the top trending as investors hunt for new gems. KangaMoon (KANG), a new project tipped as the next 50x token in 2024, has captured investor attention as its presale accelerates in stage 3.

Top meme coins eye upside as Bitcoin spikes

The broader meme coin sector, according to data from CoinGecko, has recorded a 4% dip in market cap in the last 24 hours.

Shiba Inu (SHIB) and Bonk (BONK) are the two meme coins to see the most declines in the past week. According to market data, SHIB price has decreased more than 11% and Bonk more than 15%. Dogecoin has also trimmed gains from highs of $0.2 to around $0.17.

Elsewhere, headline making dogwifhat, Pepe, and FLOKI are poised near key support levels after paring gains this week.

Yet, with altcoins expected to embark on a massive “altseason”, these meme tokens could be among hot trends in coming weeks and months. This particular forecast aligns with the hot narrative around meme coins, AI and crypto – particularly with Bitcoin (BTC) hitting the gas pedal as prices hit a new all-time high above $73k.

Could the first-rising meme coin KangaMoon be the one to watch in the market?

KangaMoon (KANG): A new meme coin focused on SocialFi and Gaming

Meme coins have been hot in recent weeks, and as noted above, are projected to continue on this trajectory. But most of the tokens currently in the market offer no value and thus likely to see fleeting gains as hype dies down.

KangaMoon outlines a different approach that’s endearing to crypto enthusiasts.

With KANG as the native token, KangaMoon looks to become the next meme coin king through its integration of SocialFi and play-to-earn. The $KANG token will provide for this utility function as the ecosystem’s in-game currency.

Rather than speculation and transient hype, KangaMoon’s looking to be a crypto mainstay with its P2E game.

Aside from exclusive rewards for winning matches, holders can accumulate more tokens through participation in special events and challenges. A chance to collect rare in-game assets is another incentive. 

According to the KangaMoon whitepaper, in-game items will be tradable on a marketplace for $KANG holders.

KangaMoon: Earn more $KANG as presale continues

One notable feature that distinguishes KangaMoon from would-be meme coin rivals is its offering of an opportunity for presale participants to earn more $KANG. Once an individual buy $KANG via the official presale page, they won’t have to wait until the project goes live to start accruing more tokens.

The project’s unique SocialFi model allows token holders to earn extra $KANG by competing in weekly, monthly, and quarterly challenges.

There are also special giveaways and rewards, including a dynamic referral program and presale bonuses. Currently, the platform offers a 10% bonus on all KANG purchases.

KangaMoon’s presale is currently in stage 3, with $KANG priced at just $0.01125. This represents a substantial increase from the initial price of $0.005.

As the project navigates the token sale, analysts see the strong social-fi and P2E outlook as big boosts for KangaMoon in the future. This is potentially one of the most exciting meme projects set to enter the crypto market in 2024. The early presale stages offer a chance to get into what could be the next 20x token.

Learn more about how to earn $KANG in presale here.

The post KangaMoon (KANG) surpasses $1 million in presale: Best meme coin to buy now? appeared first on CoinJournal.

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Vega launches derivatives market for crypto points, starting with EigenLayer

  • Vega introduces a derivatives market for crypto points, starting with EigenLayer.
  • Vega aims to allow users to hedge point values, providing cash-settled futures contracts.
  • Other platforms like Whales Market and Pendle also facilitate points trading.

Vega, a derivatives network, has introduced a groundbreaking initiative in the cryptocurrency space by launching a derivatives market for crypto points.

This innovative move, spearheaded by Vega, aims to revolutionize the trading landscape for points, starting with EigenLayer.

Creating opportunities for crypto trading

Vega’s entry into the crypto points market comes at a pivotal moment when the demand for trading opportunities for such assets is on the rise.

Points, reminiscent of loyalty rewards in traditional settings, have found their way into the crypto sphere, offering users the potential for future token airdrops. However, the uncertain nature of these points poses challenges for traders seeking to hedge their value and speculate on their potential.

Vega’s derivatives market addresses this need by providing a platform for users to manage risk and explore trading strategies effectively.

Hedging the value of crypto points

The derivatives market introduced by Vega enables users to hedge the value of their points, mitigating the risks associated with uncertain outcomes such as token airdrops.

By offering cash-settled futures contracts with options for fixed and dynamic settlement dates, Vega provides traders with a flexible and efficient mechanism for risk management.

Moreover, platforms like Whales Market and Pendle, which offer features for points trading and leveraging, further contribute to the burgeoning ecosystem of crypto points trading, underscoring the growing interest and demand in this space.

The permissionless market creation feature of Vega’s derivatives network empowers market participants to explore new opportunities beyond EigenLayer.

As the crypto points market continues to expand with the adoption of points by various projects, Vega’s initiative sets the stage for innovation and growth within the ecosystem. However, traders must remain vigilant of the risks associated with trading points, particularly in light of project-specific policies regarding token distributions and airdrops.

The post Vega launches derivatives market for crypto points, starting with EigenLayer appeared first on CoinJournal.

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BITBOT: A 200x token welcoming the world’s first self-custodial trading bot

  • Bitbot presale has generated optimism with its security features and perks.
  • The presale occurs in 15 stages, marked by persistent price increases.
  • The token could claim a 200X gain after listing in Q2 2024.

The era of Telegram trading bots has dawned. One project that has quickly captured attention is Bitbot, the first self-custodial trading bot on Telegram. Since launching a presale a few weeks ago, the market frenzy has driven purchases to nearly $1 million. For a token still on stage 5, there is much to expect through to the last stage. This comes amid expectations that this token could follow its predecessors and claim a 200x surge. But is $BITBOT worth your investment? Let’s find out.

Bitbot: A unique investment opportunity in the DEX bot trading sector

Since the advent of Telegram trading bots, investors have been treated to a roller coaster. Existing tokens made instant hits at launch, generating massive returns. Conversely, constant hacks have dealt a blow to the sector. 

However, what has been noticeable is the rapid uptake and popularity of trading bots. Per the analytics platform Dune, the cumulative trading volumes on the DEX bot sector are past $8.4 million. This signifies huge potential for projects that address key investors’ concerns. Bitbot has uniquely positioned itself for this role, quickly gaining suitors and attracting investments. 

The key selling proposition of Bitbot is the self-custodial features, which are lacking among its rivals. This has excited investors about owning their private keys and exercising complete control over their funds. It means investors’ funds remain safe even when the platform is compromised. As 2023 exploits of Unibot and Banana Gun trading bots underlined, the private key feature was long overdue. 

Aside from the self-custodial features, Bitbot’s market frenzy has been generated by its security enhancements. The platform is reinforced with Knightsafe security protocols, mitigating counterparty risks and hacks. This has uniquely placed Bitbot as a market disruptor in the bot trading sector, attracting massive speculations.

How attractive is Bitbot investment?

Besides its security features, Bitbot is a highly convenient platform with numerous perks for investors. Like other Telegram trading bots, investors can trade with lightning-quick executions through the app. 

A deal sweetener is an institutional-grade technology that has quickly gained retail investors’ attention. This is where Bitbot users access cutting-edge technology and resources to succeed in trading. The inclusion of resources previously accessible to institutional players makes it easy for smaller investors.

Bitbot is also perks-packed, boasting features such as revenue shares, airdrops, and lifetime referral rewards. Under the revenue share program, Bitbot token holders are rewarded with up to 50% platform fee earnings. Investors also get electrifying airdrops and up to 15% of fees earned on their referrals.

Investors new to trading also benefit from Bitbot’s copy trading feature. They can imitate trades from their experienced peers for faster market entry and learning. Aside from this attractive feature, Bitbot holders have first-hand access to upcoming presale tokens. This is enabled through a snipe function that scans for presale opportunities, allowing timely investments.

Can Bitbot token rise 200X?

Very few tokens get a chance to rise 200x, and BITBOT has endeared itself for the prize. A quick presale and being the first self-custodial trading bot make the prediction realistic. As market speculation grows ahead of listing in Q2, BITBOT could debut with a frenzy and become a top gainer.

To put it into perspective, Unibot, another popular trading bot, surged more than 200x when it launched. With the more advanced features of Bitbot, similar and higher gains are likely to be hit and exceeded. 

2024 is also shaping up to be a bullish year for cryptocurrencies. Bitcoin has set the trend, boosted by the spot ETFs and halving event. Thus, BITBOT debuts when the level of optimism in the sector is growing. As a result, the token could skyrocket as investors capitalise on the launch during the bull market. 

Bitbot presale occurs in 15 stages, meaning that listing is around the corner. While the token is currently in stage 5, the BITBOT price rises at each stage. That makes it attractive to buy in the earlier stages before the price rises.

Investors can purchase $BITBOT in presale at the official website page.

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