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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Ocean Mining denies censorship allegations amidst Bitcoin transaction controversy

  • Bitcoin wallet provider Samourai Wallet accuses Ocean mining pool of censoring transactions.
  • Ocen Mining was specifically accused of censoring Whirlpool CoinJoin and BIP47 notification transactions.
  • Ocean’s founder, Luke Dashjr, denies intentional censorship, attributing the issue to a bug in Samourai Wallet’s software.

In a recent twist within the cryptocurrency space, one of the Bitcoin wallet providers Samourai Wallet has accused Ocean, a prominent BTC mining pool, of censoring specific Bitcoin transactions.

The controversy involves not only technical accusations but also points fingers at industry figures, including Luke Dashjr, a Bitcoin Core developer and founder of Ocean.

Ocean’s denial and counterclaim

Ocean mining pool swiftly refuted Samourai Wallet’s allegations, asserting that the perceived censorship is not a deliberate policy but, rather, a bug within the wallet provider’s software. Luke Dashjr dismissed the claims and suggested that the responsibility lies with Samourai Wallet to rectify the issue on their end.

The technical disagreement revolves around a purported 46-byte limit imposed on the OP_RETURN function, restricting certain transactions.

Community divided over the accusations

The crypto community finds itself divided on this matter. While some advocate for the “80 Bytes is 80 Bytes” standpoint, emphasizing adherence to technical specifications, others believe that the alleged censorship may be unintentional and advise Samourai Wallet to address the bug in their software.

Brad Mills from Nostr Wallet weighed in, asserting, “There’s no policy to censor Whirlpool or privacy-preserving transactions.”

As accusations persist, Samourai Wallet remains steadfast in its claims, accusing Dashjr of deception and rallying the community to scrutinize the situation further.

This controversy underscores the ongoing challenges in the cryptocurrency realm, highlighting the need for collaboration and technical resolution to ensure the smooth functioning of the Bitcoin network. As the community awaits further developments, the intricate dynamics between wallet providers, mining pools, and developers are brought to the forefront.

The post Ocean Mining denies censorship allegations amidst Bitcoin transaction controversy appeared first on CoinJournal.

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Dogecoin hits $0.1: Is the memecoin season finally here?

Key takeaways

  • Dogecoin broke the $0.10 resistance level on Wednesday following a 20% rally over the last seven days.

  • Memeinator has raised more than $1.7 million ahead of its stage-8 presale.

Dogecoin has been one of the best performers so far this week and recently hit the $0.1 resistance level. Meanwhile, the Memeinator presale has now surpassed the $1.7 million mark ahead of its eighth stage. 

Dogecoin and Bitcoin rally higher

Bitcoin and altcoins have been performing well since the start of the week. BTC has added more than 15% to its value over the last seven days. At press time, the price of Bitcoin stands at $43,457  per coin. 

Memecoins including Dogecoin have also been rallying. DOGE touched the $0.105 level on Wednesday after rallying by nearly 20% in the last seven days. It has slightly retraced and now trades around the $0.967 mark. 

What is Memeinator?

Memeinator is a Web3 project that aims to help content creators generate better content. It will achieve this by changing how people change and use memes. The project intends to leverage the hype around meme coins by providing users with numerous use cases.

The project will target and destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

What makes Memeinator interesting is that it is a meme token that offers real-world utility to users. According to the whitepaper, Memeinator will use AI  to identify worthless memes, allowing users to know them and steer clear of them.

The development team have rolled out various strategies that would help Memeinator become a billion-dollar market cap project. They have published a detailed roadmap that shows how Memeinator will reach the $1 billion market cap. 

The Memeinator presale is currently in its seventh stage and has raised more than $1.7 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

Memeinator’s presale raises over $1.7 million

The Memeinator presale continues to attract more investors and its seventh stage is close to an end. The team has raised more than $1.7 million of its $1.8 million target in the current presale stage. 

Memeinator’s MMTR token can be purchased using ETH, USDT and USDC stablecoins. According to the official website, the token is available to users on the Ethereum and BNChain blockchains. 

Purchasing the MMTR token is easy as it involves connecting any of the supported wallets to the Memeinator website and buying the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale attracting more investors?

The Memeinator presale continues to attract more investors thanks to its value proposition. the project offers real-world utility to users and its MMTR token will power several activities on the platform. 

Memeinator is a project that could find massive utility amongst degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as content creators could use its services to gain access to quality memes. 

The project’s AI technology will allow users to analyze and evaluate memes across the internet. This makes it possible to identify lower-quality memes and replace or destroy them. 

MMTR token holders will enjoy numerous incentives thanks to its excellent features. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, CEX listing and liquidity. 

Is the Memeinator a good buy? 

The project has potential and could become one of the leading meme coins in the cryptocurrency market. With the right level of adoption, Memeinator could reach its billion-dollar market cap in the coming years. 

This project will be leveraging AI and blockchain technology to provide excellent value to investors over the coming months and years. At the moment, its MMTR token is still in presale and could record a massive value increase once it gets listed on cryptocurrency exchanges.

The post Dogecoin hits $0.1: Is the memecoin season finally here? appeared first on CoinJournal.

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Hong Kong bans two crypto sites for misleading investors

  • Hong Kong’s Securities and Futures Commission (SFC) banned the two crypto websites for scamming users.
  • HongKongDAO and BitCuped were blocked after a joint effort of the police and internet providers.
  • The two cases come not long after investors lost over 1.6 billion HKD ($204 million) in JPEX and Hounax.

Hong Kong’s Securities and Futures Commission (SFC) has reportedly banned two cryptocurrency websites over allegations the site had scammed investors.

The South China Morning Post reported on Wednesday that the securities watchdog had blacklisted and blocked access to the HongKongDAO and BitCuped sites after authorities were tipped off that the platforms were misleading investors.

HongKongDAO touted “HKD” token

According to the SCMP, Hong Kong regulators found that HongKongDAO had hoodwinked users into buying a token dubbed “HKD”. The platform also offered false assurances, lying to users that it had applied for licences from the SFC and government.

HongKongDAO was reportedly on the SFC’s radar since November 24 and was found to have two chat groups. The Chinese chat group had over 10,000 members, while the English one had over 1,700. The project had ostensibly touted HKD as a token with huge market value.

The regulator worked with the police and internet service providers to have the HongKongDAO website blocked. SFC also issued a cease and desist notice to crypto trading platforms, asking them to halt any trading of tokens linked to HongKongDAO.

BitCuped falsely listed Hong Kong Exchange officials as owners

BitCuped, on the other hand, misled investors by falsely listing Hong Kong Exchanges and Clearing (HKEX) chairman Laura Cha and CEO Nicolas Aguzin as affiliated with the platform. SFC noted that neither individual had any connection with BitCuped.

The site misled investors by claiming to offer crypto and stocks trading services, the regulator said. It was blacklisted on November 10.

While the two sites have been banned for scamming investors, the SFC did not disclose how many people had fallen victim, or the total losses suffered. Police investigations are underway, the SMCP reported.

Hong Kong regulators and law enforcement are increasing their efforts to prevent scams such as those that recently involved crypto platforms Hounax and JPEX. In the two cases, fraudulent actors saw more than 1.6 billion HKD ($204 million) stolen from victims.

In August, the SFC warned crypto platforms and exchanges against misleading investors with false claims about their registration status. The regulator also cautioned providers against offering products and services not registered or authorised by the commission.

The post Hong Kong bans two crypto sites for misleading investors appeared first on CoinJournal.

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BitMEX partners with PowerTrade for new crypto trading products

  • BiMEX is partnering with crypto options platform PowerTrade to explore and offer new trading products to professional traders.
  • The strategic partnership is backed by Ascend Ventures, Pantera Capital, Ledger Prime and QCP Capital.

Crypto derivatives exchange BitMEX has announced a strategic partnership with PowerTrade, a crypto options platform backed by Ascend Ventures, Pantera Capital, Ledger Prime and QCP Capital.

The collaboration between the two platforms seeks to explore and bring to the market new products for professional traders. The integration with PowerTrade sees BitMEX expand its portfolio as it focuses on further innovation to elevate the trading experiences of its users.

Commenting on the partnership, Stephan Lutz, CEO at BitMEX, said:

“The strategic partnership with PowerTrade exemplifies our ambition to offer crypto traders the most profitable opportunities on the safest and most reliable trading platform in the market. We recognise the dynamics and competitive nature of the market, and we hope to set new standards for the future of crypto trading.”

BitMEX’s latest effort comes amid a growing demand for new derivatives products from professional traders. Currently, traders can access more than 100 derivatives contracts on the platform, and spot trading is available for 11 major pairs.

Its latest listing is for Fantom, with a perpetual swap of the layer one smart contract platform’s FTM set for listing on December 7, 2023. 

According to details on the BitMEX website, FTM/USD Perpetual Swap will list with up to 10x leverage.

The post BitMEX partners with PowerTrade for new crypto trading products appeared first on CoinJournal.

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Coinbase unveils global, instant money transfers via popular messaging and social platforms

  • Coinbase will allow users to send money globally via popular messaging apps like WhatsApp, iMessage, and Telegram.
  • The transactions are instant and free, breaking down geographical barriers.
  • To facilitate these transfers, both the sender and receiver need the Coinbase Wallet.

Cryptocurrency exchange giant Coinbase yesterday rolled out a groundbreaking service, allowing users to send money globally through well-known messaging and social media platforms.

The move aims to provide greater utility to its digital wallet and attract new users amidst a thriving crypto market.

Global money transfers using messaging apps

Coinbase now enables customers to send money globally through widely used messaging apps such as WhatsApp, iMessage, and Telegram. This move allows for seamless transactions, breaking down geographical barriers.

Users can send money to recipients in different countries, and the settlement of transfers is both instant and free of charge.

Coinbase emphasizes the simplicity of the process, stating that all that’s needed is the Coinbase Wallet, which is available for download on both Apple and Android app stores. If the receiver lacks the Coinbase Wallet, they will be prompted to download it, ensuring a smooth experience for both parties involved.

Coinbase’s growth amidst crypto boom

The introduction of this new service aligns with Coinbase’s efforts to make cryptocurrency transactions more accessible and attractive. As cryptocurrency prices, especially Bitcoin, surge, Coinbase’s share price has reflected this positive momentum, witnessing a remarkable 290% increase this year. The company’s shares, currently trading above $141, showcase its resilience and growth.

Coinbase’s success is also attributed to a reduced regulatory burden, with fewer battles against entities like the Securities and Exchange Commission. Additionally, traditional finance players like BlackRock express interest in a spot Bitcoin ETF, signalling the growing institutional acceptance of cryptocurrencies.

This strategic move positions Coinbase as a key player in the evolving landscape of digital finance, providing users with a convenient and efficient means of transferring money globally through familiar communication channels.

The post Coinbase unveils global, instant money transfers via popular messaging and social platforms appeared first on CoinJournal.