Kategorie: Crypto News

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Honduras’ Próspera Zone recognizes Bitcoin as an official unit of account

  • Próspera Zone in Honduras officially recognizes Bitcoin as a unit of account, expanding financial freedom.
  • Acting manager Jorge Colindres leads the initiative, emphasizing the right to financial flexibility.
  • Despite temporary limitations, entities opting for Bitcoin can calculate tax obligations internally.

In a significant development, the Próspera Special Economic Zone (SEZ) in Roatan, Honduras, has officially recognized Bitcoin (BTC) as a unit of account, further solidifying its commitment to financial innovation.

This move comes less than two years after the region embraced Bitcoin as a legal tender, demonstrating a progressive stance toward the integration of cryptocurrencies into the traditional financial system.

Aiming for financial freedom

Jorge Colindres, the acting manager and tax commissioner of Próspera Zone for Employment and Economic Development (ZEDE), spearheaded this initiative, aiming to provide greater financial flexibility to residents and businesses operating within the SEZ. Colindres, in a January 7 announcement on X, emphasized the belief in the right to financial and monetary freedom, asserting that individuals should be free to conduct transactions, manage accounting, and report taxes in the currency of their choice.

While the decision has been celebrated for its potential to enhance financial freedom, Colindres acknowledged certain temporary limitations. The “Final BTC Tax Payment Procedure” is currently on hold due to technological challenges with the eGovernance system and external regulatory obstacles. Despite this, entities opting for Bitcoin will calculate tax obligations using BTC internally, reporting them to Próspera ZEDE in either US dollars or the Honduras lempira.

Colindres assured that once these challenges are addressed, businesses can directly report and settle tax dues in BTC to Próspera ZEDE.

For businesses interested in adopting Bitcoin as their primary currency, a formal request must be submitted to Próspera’s tax committee within 30 days of the relevant tax period. This request should reference an approved cryptocurrency exchange, such as Coinbase or Kraken, emphasizing the SEZ’s commitment to ensuring compliance and legitimacy in the adoption process.

Próspera ZEDE zone in Roatan Island

Próspera ZEDE, launched in May 2020 on the northern island of Roatan, continues to position itself as one of the most competitive special regimes in Latin America. With over $100 million received in its three-year tenure and the creation of more than 3,000 jobs across the country, Próspera stands as a testament to Honduras’ commitment to embracing innovative financial solutions.

This move follows in the footsteps of El Salvador, Honduras’ neighbouring country, which made history by adopting BTC as legal tender in 2021. As Próspera ZEDE pioneers the recognition of Bitcoin as a unit of account, it sets a precedent for other regions considering similar measures to embrace the ever-evolving landscape of digital currencies.

The post Honduras’ Próspera Zone recognizes Bitcoin as an official unit of account appeared first on CoinJournal.

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Memeinator price prediction as Bitcoin, crypto eye big week

  • As Bitcoin price looks to break higher amid spot Bitcoin ETF sentiment, analysts are bullish on altcoins.
  • Memeinator (MMTR) is also well-positioned as its presale attracts more investors.
  • The MMTR price could explode amid the bull market.

While altcoins have struggled amid Bitcoin’s resilience near the $44k area, the overall outlook is that the market is poised for a parabolic move. 

Memeinator, the meme coin that has stirred investor attention amid a strong presale showing, could be one of the tokens to explode amid a thrilling bull market.

Here’s its price outlook ahead of a likely market-defining week for crypto in 2024 and beyond.

Analysts are bullish on altcoins

According to one analyst, the big crypto event this week remains the anticipated approval of spot Bitcoin ETFs – the first such approval in the US. 

ETF experts have put the chances of approval as high as 90%, with this likely to increase given recent engagements between the US Securities and Exchange Commission (SEC) and issuers. These include BlackRock, which reportedly has $2 billion in investment funds ready for the ETF roll out.

Alistair Milne, the CIO of Altana Digital Currency Fund, shared his view of the ETF outlook via X on Monday, January 8. With this the final day for S-1 filings, Milne suggests a SEC vote or decision on Wednesday, January 11 could see spot Bitcoin ETF trading in the US roll out on Thursday or Friday.

If approval is the SEC’s decision and a nod to one or more the outcome, BTC price could erupt significantly. 

Analyst Michael van de Poppe says bullish traction will shift to alts after the ETF approval. Ethereum, predicted to surpass the previous all-time highs of $4,800 could lead the altcoin market.

Elsewhere, the overall injection of upward momentum will accelerate presale projects, with a few breakout tokens standing out as the expected bull market strengthens.

Is this the outlook for Memeinator (MMTR)?

Memeinator is a new meme crypto utilizing AI – which combined with its genuine utility proposition, has it poised for potential dominance of the meme coin space.

A presale for the native token MMTR has quickly become one of the most-talked about across the crypto community, particularly on X (formerly Twitter). After registering a slow start in the first 8 stages of the sale, the MMTR token sale raced through three more stages in just over two weeks.

At $3.1 million out of an expected $3.2 million in stage 11, this show of investor confidence suggests the potential for post-presale price growth is increasing. The funds will go to the project’s development, with the official launch across top exchanges helping drive liquidity and adoption.

This could position Memeinator well ahead of the many worthless meme tokens, whose lack of utility is a major downside.

At current presale price of $0.0186, MMTR has the potential to return 65% when the presale ends and tokens are available to holders.

With analysts predicting major gains for altcoins and meme coins having outperformed in recent months, Memeinator stands a good chance of establishing itself as a major player in the meme coin space.  The price of the native token could therefore explode as the market cap rises towards the targeted $1 billion mark.

Get more on this project, including its play-to-earn game and staking, from their whitepaper. Meanwhile, the presale is accessible here.

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Crypto price prediction: Memeinator (MMTR), Tectum (TET), Solana

  • Memeinator’s token sale has raised over $3 million in the past few months.

  • Tectum token surged as investors cheered the growth of its holders.

  • Solana remained under intense pressure as demand waned.

Cryptocurrency prices are bracing for a big week that could set the tone for the rest of the year. The Securities and Exchange Commission (SEC) is widely expected to approve Bitcoin ETFs by the likes of Blackrock, Invesco, Fidelity, and Franklin Templeton. 

The SEC has already asked the applicants to submit their final revisions ahead of a vote set for this week. Most experts believe that the agency has no reason to deny these applications because companies have already added the mitigation measures that the agency requested. This article looks at some of the top cryptocurrencies to watch this week, including Memeinator (MMTR), Tectum (TET), and Solana (SOL).

Memeinator prediction

Memeinator, one of the upcoming meme coins, has continued doing well in the past few months. The company has raised over $3 million in a token sale that has been going on for the past few months. This makes it one of the fastest-growing tokens in the industry. 

Memeinator aims to be the next big thing in the crypto industry. Precisely, it aims to become a major player in the meme coin industry that is now dominated by the likes of Dogecoin and Shiba Inu. It also aims to beat the new age meme coins like MEME, Pepe, and Bonk., which surged hard in 2023.

Memeinator aims to achieve this by creating an active community of enthusiast in its ecosystem. It also aims to create an ecosystem made up of games and NFTs in the future. Also, the developers aim to incorporate concepts of artificial intelligence (AI) to its ecosystem. You can buy the MMTR token here.

Tectum price forecast

Tectum is a blockchain project that claims to be the fastest one in the industry. According to its website, it can handle over 1 million transactions per second. This is a major figure considering that Ethereum handles less than 30 TPS. It is faster than most other well-known networks like Fantom, Avalanche, and Tron. 

TET, its token, was one of the top performers during the weekend as demand for the token jumped. According to its website, its holders jumped to over 12k across the ERC20, BEP20, and T12 networks. TET is used to mint Softnotes, paying merchant fees, Tectum gas fee, and bridged token fees.

The 4H chart shows that the TET crypto price has been in a strong uptrend in the past few weeks. It has moved from a low of $9.07 in December to over $45. It remains above the 50-day and 25-day Exponential Moving Averages (EMA). 

The outlook for Tectum is still bullish, with the next point to watch being at the YTD high of $45. A drop below the support at $35 will invalidate the bullish view.

https://twitter.com/tectumsocial/status/1744043800610148429

Solana price forecast

Solana price has suffered a harsh reversal in the past few days. After peaking at $126 in December, the token has pulled back to $96. It has remained below the 50-period and 25-period moving averages. The coin’s Relative Strength Index (RSI) has continued falling and is hovering near the oversold level.

Therefore, the outlook for Solana price is bearish, with the next point to watch being at $84.70, the lowest swing on January 3rd. A move above the key resistance at $100 will invalidate the bearish view.

The post Crypto price prediction: Memeinator (MMTR), Tectum (TET), Solana appeared first on CoinJournal.

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$TIA Eyes Further Gains as $GFOX Presale Reaches Over $2.3 Million

$GFOX progress piques crypto enthusiasts’ interests, as $TIA eyes continued price pump

If you’re looking for good investments, $TIA could be a good crypto to buy now. The token impressed with its year-end run, and the momentum has extended to the new year. $TIA is looking to keep up its run, and its future outlook suggests it could be one of the best cryptos to invest in. $TIA isn’t the only impressive altcoin currently. 

The new presale meme coin, $GFOX, is also having a good run, surpassing $2.3 million on presale. Both altcoins are profitable investments this year. 

Galaxy Fox ($GFOX): Fox-themed Hybrid Meme Coin With Excellent Utility 

Galaxy Fox is an Ethereum-based meme ecosystem where users can play, earn, and have fun. The crypto project is dedicated to providing users with fun and income-earning opportunities. Galaxy Fox will leverage meme appeal and features to create fun, while its web3 game, runner, will be the basic earning medium in the ecosystem. The Runner game is P2E, and users can enjoy the thrill of playing against each other while earning. 

You can also earn on Galaxy Fox by staking the $GFOX token. Staking rewards come from the crypto project’s Stargate – the central hub for allocating residual earnings to staked tokens. Stargate is funded by automatically adding 2% of every transaction’s total value. It facilitates ecosystem replenishment and fuels committed $GFOX token holders’ passion. Staking $GFOX tokens makes you eligible to receive a proportional share of Stargate’s rewards periodically. This satisfactory incentivizing gives users compelling reasons to HODL the $GFOX tokens. 

Minting and trading Galaxy Fox NFTs is another feasible way of benefiting from the crypto project. Galaxy Fox is releasing about 3000 of its coolest NFTs during its ongoing presale, and you can mint them directly on Galaxy Fox’s official website and trade them on popular NFTs trading platforms. The NFTs will have a high possibility to increase in value rapidly, making them buys or assets to keep for anyone. They’ll play a vital role in improving players’ chances of winning their games while equally being an item of value that can be traded for real money in the Galaxy Fox NFTs marketplace. 

Players can get other game-enhancing digital items in the marketplace, leveraging the $GFOX token to complete transactions. The hybrid meme-GameFi token is billed for a high-value increase in the coming months. This makes potentially a must-own crypto asset either via winning the platform’s web3 game, staking, or joining the presale. The Galaxy Fox presale has been on for a while, and it’s gradually nearing its end, making it a good crypto to buy now before its retail launch. 

Currently, the token 6th presale is rounding up out of the proposed 10. Over 80% of the available 3.5 billion presale tokens have been sold, indicating limited time to join the presale. $GFOX presale price is considered the lowest value it will ever be at, and investors can expect a value rise with stage progression. Hence, the earlier the entry, the lower the purchase price and the higher the potential profit margin. You should join now. 

>>BUY $GFOX TOKENS<<

Celestia ($TIA) Price Outlook 

Celestia is a modular blockchain that supports easy deployment of blockchains with reduced overhead. This makes it a welcome protocol by most developers. It scales by rethinking blockchain architecture from scratch and decouples execution from consensus by leveraging new primitive data availability sampling. 

The network doesn’t impose settlement or execution constraints. This allows blockchain developers and builders to define their settlement and execution environments, enabling them to access new and unrealized possibilities. 

$TIA functions as the platform’s native currency. It is one of the top altcoins to own currently due to its bullish momentum. The crypto yielded about 29% in the last 24 hours, bringing its 7-day return to over 35% increase. $TIA trades around $15.70 – $16.68 currently, indicating a sharp surge from its initial $12 market price. The cryptocurrency looks poised for a $20 run, making it part of the top 10 altcoins to consider currently. Analysts believe $TIA upward momentum could last a while, and the market shows a strong bullish sentiment too. 

Conclusion 

$GFOX is one of the top-performing ICOs of 2024 and will likely burst out of the gates running when it hits retail exchanges later this year. $TIA is another good crypto to buy now, though its upside potential is somewhat limited by the profits it’s already seen over the past two months, as early investors will begin adding strong sell pressure. $GFOX’s continuous progress at presale indicates its high potential, and joining it presale could be the best way to potentially highest returns. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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DCG settles Genesis Debt, Memeinator’s token presale takes centre stage

  • Digital Currency Group (DCG) settles Genesis debt.
  • Besides settling Genesis’s debt, DCG has repaid a total of $1B to its creditors.
  • Memeinator’s MMTR token presale has raised $3.2M in its eleventh stage.

Digital Currency Group (DCG) has achieved a significant financial milestone by fully clearing its short-term debt, including the debt it owed the bankrupt Genesis subsidiary.

Simultaneously, the crypto space is buzzing about Memeinator and its MMTR token presale, aiming to capitalize on the meme coin mania.

DCG settles Genesis debt

The short-term debts resolved by Digital Currency Group included a substantial repayment of $1 billion to creditors and a staggering $700 million directed towards Genesis. This strategic move ensures stability for DCG amid ongoing bankruptcy proceedings and underscores the company’s commitment to responsible fiscal management.

The debt settlement follows a lawsuit initiated by Genesis in September, seeking the recovery of an outstanding loan balance exceeding $610 million. DCG’s commitment to debt repayment, highlighted in a strategic agreement reached in August, reflects its determination to honour financial obligations.

Crucially, the agreement safeguards Genesis under DCG’s tax consolidated group, offering protection and potential tax benefits. This protection could prove instrumental, allowing Genesis to offset losses against future profits and potentially retain benefits on Net Operating Losses (NOLs) amounting to $700 million.

Notably, after the $700 million repayment, the remaining loan balance is scheduled for repayment to Genesis by April 1, as approved in federal bankruptcy court.

Despite uncertainties in the aftermath of the cryptocurrency market crash, both DCG and Genesis express optimism about the future.

DCG CEO Barry Silbert, while showing his excitement about the recent settlement in a tweet stated that he is  “excited about the industry’s next chapter and DCG’s leadership role in it.”

Memeinator’s MMTR token presale

While DCG hands the bankrupt Genesis a lifeline with the $700 million loan repayment, Memeinator, a rising player in the crypto space, is making waves with its ongoing MMTR token presale. Investors are flocking to the crypto project and the presale has already raised an impressive $3,065,084 out of the targeted $3,200,431 in Stage 11.

Positioned as the “hottest meme coin on the market,” Memeinator aims to dominate the meme coin landscape with innovative product launches, including the Memescanner and the Memeinator Game.

The MMTR token envisioned as a staple among top-tier meme coins, promises genuine utility, offering access and perks in revolutionary products. Memeinator’s roadmap outlines strategic phases, from initial calibration and launching on popular exchanges to the eventual goal of meme domination. The tokenomics section delineates the allocation of funds to presale, marketing, development, exchange liquidity provision, and a competition pool, ensuring transparency in Memeinator’s financial strategy.

Conclusion

DCG’s successful debt resolution and Memeinator’s MMTR token presale mark dynamic developments in the cryptocurrency landscape.

DCG’s commitment to fiscal responsibility and Genesis’ protection under a tax agreement set the stage for a resilient future. Simultaneously, Memeinator’s innovative approach to meme coin dominance demonstrates the industry’s constant evolution. As these narratives unfold, the crypto community eagerly awaits the next chapters in the stories of DCG and Memeinator.

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