Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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Bybit applies for a Virtual Asset Trading License in Hong Kong

  • Bybit applies for a VATP license in Hong Kong through Spark Fintech Limited.
  • Hong Kong’s favourable regulatory environment contrasts with China’s crypto crackdown.
  • Harvest Fund Management’s spot bitcoin ETF application signals Hong Kong’s growing crypto influence.

Bybit, a prominent cryptocurrency exchange, has officially applied for a license to operate as a “virtual asset trading platform” in Hong Kong. The application was submitted through Spark Fintech Limited on Wednesday, as confirmed by the Hong Kong Securities and Futures Commission’s records.

The move comes amid a regulatory landscape that distinguishes Hong Kong from its neighbouring Chinese mainland. Bybit’s strategic choice aligns with Hong Kong’s welcoming approach to crypto firms, as seen with its crypto licensing regime initiated in June 2023.

Hong Kong emerging as a crypto hub in Asia

Unlike the broader crackdown on crypto activities in mainland China, Hong Kong has emerged as a favourable destination for crypto businesses. Bybit acknowledges the city’s strategic advantages, citing its established financial infrastructure and prime location.

Obtaining a Virtual Asset Trading Platform (VATP) license in Hong Kong would mark a pivotal step for Bybit, positioning it to serve institutional clients across the Asia Pacific region.

Hong Kong instituted its crypto licensing regime in June 2023, allowing licensed exchanges to offer retail trading services. Bybit’s application places it among the 14 crypto firms currently under official review by the financial regulator. Notably, OKX, another prominent crypto exchange, filed its application on November 16.

In addition to virtual asset trading licenses, Hong Kong regulators are paving the way for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission, along with the Hong Kong Monetary Authority, has reviewed existing policies, signalling a potential expansion of the city’s crypto financial products.

The Hong Kong arm of Harvest Fund Management, a major Chinese asset manager, has already applied to a spot Bitcoin ETF in Hong Kong.

Bybit’s bold move to secure a VATP license underscores the growing importance of Hong Kong in the crypto space, as the city continues to embrace and regulate digital asset trading. With regulatory developments ongoing, the Asia Pacific region is witnessing a dynamic shift in its crypto landscape, with Hong Kong at the forefront of this evolution.

The post Bybit applies for a Virtual Asset Trading License in Hong Kong appeared first on CoinJournal.

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Rebel Satoshi ($RBLZ) Shakes Up the Market, Becoming a Top Pick for Crypto Traders Alongside Manta Network (MANTA)

TLDR

  • Manta Network surges 53% in a week, but a pullback is imminent.

  • Rebel Satoshi continues attracting investors after surging 120% thus far.

As most top altcoins continue bleeding, Manta Network (MANTA) has performed incredibly well over the past week. As a result, investors are flocking to its market, hoping to make significant profits soon. Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, has performed well during its ongoing public presale after securing over $1.5 million thus far.

Why are investors embracing Manta Network and Rebel Satoshi? Continue reading to discover!

Manta Network Gains 53% in a Week: More Growth Coming?

Manta Network has performed impeccably over the past seven days. On January 22, MANTA was changing hands at around $2.44. After trading around this level for three days, MANTA gained momentum on January 24 after Manta Network announced via X that its TVL had surpassed $1.5 billion, making it the third-largest L2.

This bullish sentiment saw MANTA climb as high as $3.84 on January 28 before bulls got exhausted. As a result, MANTA experienced a slight pullback. By January 29, MANTA had stabilized at around $3.74. This price means MANTA has gained a whopping 53.28% in a week.

This impressive performance explains why investors are buzzing about Manta Network. But is MANTA a good crypto to buy now? 

According to experts, MANTA will record marginal losses to close the month at $3.73. Experts peg this prediction on MANTA plunging as the excitement about Manta Network being the third-largest L2 by TVL dwindles.

Rebel Satoshi Nears Launch After Entering Monarchs Round 4!

Rebel Satoshi, an upcoming meme coin that aims to eliminate centralization in the crypto space, has become the talk of the crypto-verse after raising over $1.5 million during its public presale. It is worth pointing out that Rebel Satoshi achieved this noteworthy milestone after the first four rounds of its presale sold out in less than three months.

This project’s rising popularity emanates from its unique mission to unite the silent majority and build a vibrant community that rebels against the unfair rules of centralized entities. Moreover, Rebel Satoshi attributes its success to its native $RBLZ token. Notably, $RBLZ offers investors access to the entire Rebel Satoshi ecosystem.

By January, Rebel Satoshi was in Monarchs Round 4 of its ongoing presale, with $RBLZ going for $0.022. Thus far, Early Bird Round investors that bought $RBLZ at $0.010 have realized a 120% ROI. This yield could increase to 150% when $RBLZ attains its listing price of $0.025.

On the other hand, Monarchs Round 4 investors will realize a 13.64% ROI when $RBLZ surges to $0.025. Furthermore, experts predict that $RBLZ will skyrocket when it gets listed on leading DEXs in February. This forecast makes $RBLZ one of the best crypto to invest in now!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post Rebel Satoshi ($RBLZ) Shakes Up the Market, Becoming a Top Pick for Crypto Traders Alongside Manta Network (MANTA) appeared first on CoinJournal.

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BNB Chain to drive DeFi, gaming and AI adoption in 2024

  • BNB Chain plans to drive mass adoption of crypto in 2024, with focus on decentralised finance (DeFi), gaming, and artificial intelligence (AI).
  • Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc) and the Web3 economy are also key areas.

BNB Chain has outlined its plans for the coming year, with the blockchain ecosystem targeting further adoption of crypto via key innovations across various industry sectors.

In its 2024 outlook, BNB Chain says it will focus on driving mass adoption, taking a multichain approach to push innovation across decentralised finance (DeFi), gaming, and artificial intelligence (AI).

With hackathons and events tailored to spark greater innovation, BNB Chain will also push for a thriving crypto ecosystem via initiatives around Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc) and the Web3 economy.

Unified approach, with “One BNB”

The BNB Chain team aims at taking mass adoption of crypto via these ecosystems to the next level with fully on-chain dApps that leverage a fast, cost-effective, scalable and developer-friendly network. 

BNB is the native token in the BNB Chain ecosystem.

The BNB Chain’s unified approach involves “One BNB”, an interconnectivity strategy that taps into the multi-chain framework made possible by its layer-1 platform BNB Smart Chain (BSC), layer- 2 scaling solution opBNB and decentralised storage chain Greenfield.

“The One BNB strategy integrates the BSC, opBNB, and Greenfield into a cohesive ecosystem, ensuring seamless interaction between decentralised computing and storage solutions,” BNB Chain said in a blog post.

While BSC gas limit will remain 140 million in 2024, opBNB will feature an increased gas limit of 200 million (from 100 million). Meanwhile, gas fees is set to fall as much as tenfold to $0.0001. opBNB targets achieving 10,000 transactions per second (TPS) in 2024.

BNB Chain also targets increased decentralisation, with new governance, MEV mechanism and staking integrated into BSC as the BNB Beacon Chain gets phased out. The year will also see upgrades that enhance the data storage and processing capabilities of Greenfield. Key features will include atomic update, paymaster and data availability layer.

Initiatives, including hackathons, are all targeted at bringing a diverse and vibrant blockchain ecosystem to the community in 2024, BNB Chain.

The post BNB Chain to drive DeFi, gaming and AI adoption in 2024 appeared first on CoinJournal.

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German police reportedly seizes $2.1B worth of Bitcoin (BTC)

  • Police in German have seized 50,000 bitcoin (BTC) worth over $2.1 billion. 
  • The seizure relates to an investigation against two people who conducted a website piracy operation in 2013.

In latest crypto news from Germany, police are reportedly in possession of 50,000 Bitcoin (BTC) seized in mid-January as part of an investigation into a website piracy operation.

The value of the BTC is currently worth about $2.17 billion and the biggest ever crypto seizures in Germany, police said in a statement published on January 30. CoinDesk reported the story first.

Suspect “voluntarily transferred” BTC to police wallets

According to the police, the BTC seizure relates to an investigation around copyright infringements via a website established in 2013.  Law enforcement say an operation supported by the Federal Criminal Police Office (BKA), the FBI and a Munich forensic IT expert company, have been looking into the activities of the website that operated until May 2013.

Two individuals – a 40-year old German and 37-year old Pole – are suspected to have targeted a leading German company and commercially exploited copyrighted works. The unauthorised activities and the pirated works were in violation of the country’s Copyright Act, the police statement noted.

The suspects reportedly used proceeds of the piracy operation to purchase Bitcoin. In their announcement, the Dresden General Prosecutor’s Office, the Saxony State Criminal Police Office and the the Leipzig II Tax Office say the suspects “voluntarily transferred” the BTC to wallets provided by the BKA.

Police say an investigation into money laundering related to this case are ongoing. Authorities have also not reached a decision on what to do with the seized bitcoins.

US government holds more than 216,000 BTC 

The German police’s announcement comes just days after the US government notified the public of its plans to sell over $130 million in BTC seized from individuals connected to the shut dark net marketplace Silk Road. US authorities revealed plans to sell another haul of forfeited BTC linked to Silk Road in early 2023.

Data from blockchain security and analytics firm Arkham shows US authorities currently hold crypto worth more than $9.3 billion. It includes 216,000 BTC currently worth over $9.1 billion. The crypto was seized from various individuals over the past few years.

The post German police reportedly seizes $2.1B worth of Bitcoin (BTC) appeared first on CoinJournal.

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Binance lists Jupiter (JUP) amidst soaring MMTR pre-sale

  • Binance lists Jupiter (JUP) for trading, sparking a 57% price surge.
  • Memeinator’s MMTR token presale sees remarkable success, raising over $4 million.
  • DeFi projects like Jupiter and Memeinator shape the future of cryptocurrency.

The latest developments in the cryptocurrency market have sparked excitement among investors as Binance announces the listing of Jupiter (JUP) while Memeinator (MMTR) showcases remarkable progress through its presale stages.

Let’s delve into the details of these significant milestones shaping the DeFi landscape.

JUP token Airdrop

Jupiter, operating on the Solana blockchain, has garnered attention for its multifaceted approach to decentralized finance (DeFi) since it was launched in October 2021. The protocol touts itself as Solana’s first on-chain swap aggregator and it offers a range of services including decentralized exchange aggregation, advanced trading options, and investment strategies such as Dollar-Cost Averaging (DCA).

Jupiter’s aggregator runs for free, but Jupiter charges fees on dollar-cost averaging (DCA) orders, perpetual swaps and limit orders on its exchange.

According to Dune Analytics, Jupiter handles roughly 65% of Solana DEX volume with a peak witnessed in November last year where it saw $16 billion up from $946 million in September and $3.9 billion in October.

In an exciting turn of events, Jupiter recently announced that it would launch its native JUP token on January 31 which will be accompanied by a community airdrop, opening up opportunities for nearly a million Solana wallets.

The JUP token airdrop comes on the heels of multiple other Solana ecosystem airdrops that played into a late 2023 Solana bull run and is poised to be one of the largest in 2024, reflecting the growing interest in the DeFi space.

Binance listing sends Jupiter (JUP) soaring

Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to list Jupiter (JUP) for trading.

With the airdrop claim scheduled to commence, users can anticipate the listing of JUP on Binance Spot, with trading pairs including JUP/USDT, JUP/FDUSD, and JUP/TRY. Moreover, Binance will introduce the JUP/USDT trading pair on Isolated Margin, enhancing accessibility for traders seeking leverage trading opportunities.

The JUP price plateaued amid a shift in the spotlight to the approval of bitcoin ETFs in the US last week. However, the listing and token launch announcements have catalyzed a surge in JUP’s price, soaring by over 57 % in the last 24 hours. This remarkable growth underscores investor confidence in Jupiter’s capabilities and potential for further expansion within the DeFi ecosystem.

As Jupiter continues to innovate and solidify its position within the Solana blockchain, it remains a token of interest for both seasoned investors and newcomers alike.

Memeinator (MMTR) presale success

Memeinator, another standout project in the cryptocurrency sphere, has unveiled impressive success during its presale stages. Positioned as the ultimate meme coin, Memeinator leverages AI technology and powerful marketing strategies to dominate the market.

With a clear mission to eradicate subpar memes, Memeinator aims to achieve a $1 billion market cap while introducing innovative products like the Memescanner and the Memeinator Game.

Memeinator’s tokenomics are designed to foster a vibrant ecosystem, with the MMTR token serving as the primary medium for transactions and access to premium features.

Throughout its presale stages, Memeinator has demonstrated resilience and growth, with over $4 million raised and substantial community engagement. Investors can anticipate further developments as Memeinator prepares for its official launch and subsequent listing on multiple exchanges.

To participate in the MMTR presale, visit the official Memeinator presale website. The MMTR token is going for $0.0197 in the current presale stage and the price is expected to rise to $0.0208 in the next stage.

Closing thoughts

As Jupiter (JUP) garners attention with its Binance listing and Memeinator (MMTR) showcases remarkable progress through its presale stages, the cryptocurrency market continues to evolve and expand.

These developments underscore the growing significance of DeFi projects like Jupiter and innovative ventures like Memeinator in shaping the future of finance. With exciting opportunities on the horizon, investors are poised to witness the next chapter in the evolution of decentralized finance.

The post Binance lists Jupiter (JUP) amidst soaring MMTR pre-sale appeared first on CoinJournal.