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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As Litecoin loses steam, Rebel Satoshi gains momentum with investors

  • Litecoin (LTC) dips despite achieving a milestone on BitPay. 
  • Rebel Satoshi (RBLZ) leads the top ICO list in its presale. 
  • $RBLZ announces launch timeline after raising $2 million. 

Litcoin (LTC) has failed to make a comeback in recent weeks, leaving the field open for other altcoins. Rebel Satoshi (RBLZ) is a new meme coin that is attracting Litecoin investors with 150% potential gains. 

Let’s review the latest news about LTC and $RBLZ to find the best crypto to invest in!

LTC dips by 6.6% despite achieving a milestone on Bitpay

On December 30, 2023, the Litecoin Foundation shared on Twitter (now X) that LTC exceeded all other altcoins on BitPay last month. Litecoin was the number 1 choice for crypto payments on the world’s largest crypto payment processor. 

The Litecoin community welcomed the news, hoping it would help LTC improve in value. But despite the good news, LTC, the native token from Litecoin, continued its dip. The LTC price decreased by 6.6% in ten days from $72.64 to $67.84. So, is LTC still the best crypto to buy?

Although LTC is currently in a dip, Litecoin price prediction suggests that things can get better by the end of 2024. If the market turns bullish, LTC will reach the maximum predicted price of $111.55 in 2024.

However, if bearish trends affect the market, Litecoin won’t get the predicted increase of 52.9% in its value. In the case of a bearish scenario, Litecoin will be trading at $89.58 per LTC by the end of 2024. 

$RBLZ becomes investor favourite after raising $2M

Meme coins are abundant in the crypto market. However, not all of these meme coins are worth investing in. But Rebel Satoshi, a new meme coin inspired by Satoshi Nakamoto and Guy Fawkes, has caught the eyes of investors while still in its presale. 

Rebel Satoshi is a meme coin with a mission. It plans to herald a new era of decentralization with its native token, $RBLZ. Rebel Satoshi also aims to develop a community for the underdogs so they can challenge centralized systems together. 

$RBLZ, the native token from Rebel Satoshi, has broken records in its ongoing presale. Rounds 1 and 2 of the $RBLZ presale were sold out in ten and 15 days, respectively. Currently, the $RBLZ presale is in the Citizens Round 3 stage, where each token is available at $0.025. Only 25 million $RBLZ tokens are available in the current stage. 

Those who invested in $RBLZ early on can expect a 150% return on investment when Rebel Satoshi officially launches. $RBLZ is expected to start trading at $0.025 once it launches on DEX. 

As February 2024 has been picked as the launch month, there’s not much time left to benefit from the presale. So, you can use Bitcoin and 50 top altcoins to join the Rebel Satoshi presale today. 

Investing in $RBLZ will bring all sorts of exclusive benefits as well as the chance to contribute to the Rebel Satoshi ecosystem. So, act fast if you don’t want to miss out on the Rebel Satoshi hype train. 

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 As Litecoin loses steam, Rebel Satoshi gains momentum with investors appeared first on CoinJournal.

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Solana tokens Solend and Jito are soaring as Memeinator thrives

  • Solana and its top tokens are rebounding as a sense of fear spreads in the market.

  • Some of the most notable tokens are Jito and Solend.

  • Memeinator has raised over $3.5 million from its investors.

Cryptocurrency prices had a volatile performance last week as investors cheered the latest SEC approval of Bitcoin ETFs. While Bitcoin initially jumped after the report, it then pulled back sharply as traders sold the news. It remains sharply below last week’s high of $49,000.

Solana tokens rebound

However, some altcoins have stepped in to continue the rally. Solana, the fifth biggest cryptocurrency, has risen by over 5% in the past 24 hours and is approaching the psychological level of $100. 

Some of the most prominent tokens in the ecosystem like Solend (SLND) and Jito have jumped further. Solend rose by over 43% while Jito jumped by over 23% in a high-volume environment. Other tokens like Bonk and Raydium also soared.

It is unclear why these tokens bounced back during the weekend since there was no major related news. A likely reason is that Solana and its tokens are merely having a buy-the-dip situation after they pulled back in the past few weeks. 

Solana and its ecosystem tokens were among the best-performing cryptocurrencies in 2023 even as concerns about FTX rose. The SOL token jumped by more than 700% from the lowest point in 2023 to its peak. Similarly, tokens like Bonk, Solend, and Raydium surged as they gained market share in their ecosystem.

Solana is also likely rising as traders anticipate a filing for a Solana ETF. While this is possible, it is unlikely that the SEC will approve it because it sees the token as a financial security because of its staking features.

Memeinator is thriving

Meanwhile, Memeinator, an upcoming token is thriving, as evidenced by its ongoing token sale. The developers have already raised over $3.5 million from traders who hope to make a fortune when it lists in the coming months. 

Many early investors of tokens have gone ahead and made a fortune when their tokens goes parabolic. A good example of this is traders who bought a token like Bonk in December 2022. In the end, the token surged by more than 5,000% in 2023 as meme coins surged.

Similarly, people who bought tokens like Shiba Inu, Pepe, and Dogelon Mars made exciting returns when they surged.

Memeinator hopes to create value for its token holders in various ways. For example, it hopes to spend heavily on marketing to make its token the most popular meme coins in the market.

Additionally, they hope to build an entire ecosystem revolving Memeinator. This includes a gaming and NFT platform. Also, they will take advantage of the growing concept of artificial intelligence (AI) to build a good ecosystem that will thrive in the long term.

This is a major concern that most meme coins have had over the years. In most cases, these tokens tend to do well in the short-term and then die down in the long term. A good example of this is tokens like Dogelon Mars and Floki Inu.

Memeinator has done a lot to create a brand, which explains why it has raised millions of dollars in the past few months. For example, they have launched several promotions, including one that will see a lucky winner go to space using Virgin Galactic. They also recently launched a major airdrop. You can buy the MMTR token here..

The post Solana tokens Solend and Jito are soaring as Memeinator thrives appeared first on CoinJournal.

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NYDFS says Genesis Global Trading to pay $8M fine, forfeit BitLicense

  • The New York Department of Financial Services (NYDFS) says Genesis Global Trading will pay an $8 million fine and surrender its BitLicense.
  • NYDFS said in a press release that investigations found the crypto platform had significant failings in its anti-money laundering and cybersecurity programs. 
  • Genesis Global Trading is a subsidiary of Digital Currency Group and received its BitLicense in 2018.

The New York Department of Financial Services (NYDFS) has announced an $8 million penalty against Genesis Global Trading, a subsidiary of crypto company Digital Currency Group.

Superintendent Adrienne A. Harris also announced that Genesis will surrender its BitLicense as part of a settlement following the New York regulator’s investigation. According to the NYDFS, investigations into the crypto platform’s activities revealed significant failings in its anti-money laundering and cybersecurity programs.

“Genesis Global Trading’s failure to maintain a functional compliance program demonstrated a disregard for the Department’s regulatory requirements and exposed the company and its customers to potential threats,” Superintendent Harris said.

The regulator found that the trading platform, the only Genesis entity that held the BitLicense, failed to meet the required Bank Secrecy Act and Anti-Money Laundering compliance standards. This also applied to transaction monitoring, Suspicious Activity Report (SAR) filings and Office of Foreign Assets Control (OFAC) screening, Harris added in the press release.

Genesis Global Trading, different from the Genesis Global Capital that filed for bankruptcy in 2023, received the NYDFS’ virtual currency business license in 2018. 

Read more: Genesis Global Trading closes its OTC trading platform

In its announcement today, the state regulator said the DCG subsidiary “was not involved in the Gemini Earn program.”

The post NYDFS says Genesis Global Trading to pay $8M fine, forfeit BitLicense appeared first on CoinJournal.

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CoinShares exercises option to buy Valkyrie Funds

  • CoinShares exercises option to buy Valkyrie Funds following SEC’s spot ETFs approval.
  • The acquisition will add $110 million in assets under management (AUM) to CoinShares’ $4.5 billion.
  • It also allows the Europe-based asset manager to expand into the US.

CoinShares, a digital assets investment firm based in Jersey, Channel Islands, has exercised its option to buy Valkyrie Funds LLC, the crypto exchange-traded funds arm of US-based firm Valkyrie Investments Inc.

The acquisition allows CoinShares to enter the US market, and follows the US Securities and Exchange Commission (SEC)’s approval of spot Bitcoin ETFs, the company said in a press release published on Friday.

On Wednesday, SEC allowed spot Bitcoin ETFs to start trading on stock exchanges, including The Valkyrie Bitcoin Fund (BRRR). Like the other funds, which include BlackRock’s IBIT, Fidelity’s FBTC and Ark/21 Shares’ ARKB, BRRR trading went live on Nasdaq on January 11, 2024 at 09:30 am ET.

SEC’s approval provides a positive regulatory development for the crypto industry, and offers CoinShares an opportunity to expand its crypto footprint into the US market.

“Exercising our option to acquire Valkyrie Funds aims at extending our European success in the U.S, offering unparalleled access to regulated digital asset products to American investors. This expansion is a clear statement of our appetite for acquisition to support our ambition to be a global leader in the digital asset space,” Jean-Marie Mognetti, CEO of CoinShares, said in a statement.

When the companies finalise the strategic acquisition, CoinShares’ current assets under management (AUM), of $4.5 billion will increase by about $110 million. 

The increase will account for the current total AUM of Valkyrie’s ETF products. These include the just approved Bitcoin Fund (BRRR) and previous offerings Bitcoin and Ether Strategy ETF (BTF) and Bitcoin Miners ETF (WGMI). 

Valkyrie Funds will maintain its operational independence until after the deal has received the necessary legal approval. The companies did not disclose the deal’s financial terms.

The post CoinShares exercises option to buy Valkyrie Funds appeared first on CoinJournal.

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Pullix on track as Vanguard’s BTC move draws criticism

  • Asset manager Vanguard has blocked its customers from purchasing spot Bitcoin ETFs via its platform.
  • That came as the ETFs began trading on Thursday and some people have said they will exit Vanguard.
  • Meanwhile, headlines in coming months could focus on Pullix, a new hybrid exchange currently in presale.

As crypto celebrates the approval of the first spot Bitcoin ETFs in the US, the broader feeling is that this puts the industry on the cusp of further regulatory clarity.

Within this scope are also the projections of a thriving crypto trading market, with the key sector of decentralized finance (DeFi) among those to see greater traction. It’s for this that the upcoming launch of the new hybrid crypto exchange Pullix (PLX) has the industry thrilled.

Vanguard blocks purchases of spot Bitcoin ETFs

Amid the frenzy that was the first day of trading for spot Bitcoin ETFs, reports emerged that asset manager Vanguard was blocking its customers from purchasing the crypto ETF products.

The move has seen some customers threaten to ditch the asset manager for competitor Fidelity Investments. Will this be enough to persuade Vanguard to change its stance, or will Fidelity, other providers, benefit from the status quo?

While the firm is within its rights to dictate the use of its platform, its outlook on crypto with the latest stance has agitated a number of customers. Many have posted on X that they are willing to switch to another platform, with Fidelity’s support for Bitcoin making it a likely destination.

A screenshot Bitcoin Archive shared shows several people saying they were exiting the platform.

Steven Lubka, the managing director and head of private and family offices at Swan Media, noted in a Thursday post Citi, Merrill Lynch, Edward Jones and UBS had taken a similar approach.

New hybrid exchange Pullix launching soon

Pullix (PLX), a new hybrid cryptocurrency exchange, is eyeing a major impact in the DeFi ecosystem.

Designed to offer the best of both centralized (CEX) and decentralized (DEX) exchanges, Pullix aims for dominance with a simple yet effective approach – incentivising customers to provide liquidity by offering unique rewards and capturing markets with a robust security structure.

Is it a complex platform? According to the Pullix whitepaper, the exchange will offer a user-friendly system with access to global trading assets, including cryptocurrency, stocks and commodities.

Apart from its focus on customer security and liquidity, Pullix also has a distinct revenue-sharing mechanism powered by the PLX token. In this regard, the new exchange bids to be the first platform to provide a share of daily revenue to its users as they trade and provide liquidity to market makers.

The PLX token presale is ongoing, currently in stage 6, with the community allocated 60% of the fixed supply of 200 million PLX during this sale. Afterwards, the tokens will be available on major exchanges.

Visit Pullix’s website to learn more.

The post Pullix on track as Vanguard’s BTC move draws criticism appeared first on CoinJournal.