Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Stars Arena hacked as Memeinator token sale gains strength

  • SocialFi is becoming a fast-growing industry in the crypto sector.

  • Stars Arena announced a major hack in its ecosystem.

  • Meminator has raised over $643k in the past few days.

Stars Arena, the fast-growing social app, announced a major attack on Saturday, a day after the developers stopped another one. In a tweet (or X), the developers said that the attack had stolen over $3 million, leaving it with just $1. 

Stars Arena is a new platform that was inspired by Friend.Tech, the social app that has attracted over 100k users in the past few months. While Friend.Tech is built in Base Blockchain, Stars Arena is based in Avalanche. According to DappRadar, Stars Arena has attracted over 20k users in the past few days.

Stars Arena’s performance has helped boost the performance of AVAX. AVAX price surged to a high of $11.88 on Saturday and then retreated to a low of $10.40 after the hack. In a separate tweet, the developers said they had secured the resources to close the gap and is conducting a major security audit.

Memeinator token sale continues

The other important crypto news of the week was the launch of Memeinator’s token sale. This sale has been highly successful, with the developers raising over $643k, making it one of the fastest-growing tokens in the industry. You can buy the token in either ETH, USDT, or BNB here.

For starters, Memeinator is a new cryptocurrency that seeks to become the biggest meme coin in the world. It aims to disrupt an industry that is now dominated by the likes of Shiba Inu, Dogelon Mars, Floki Inu, and Pepe.

While cryptocurrency prices have retreated in the past few months, most of them like Pepe, Shiba Inu, and DOGE are still worth billions of dollars. 

Memeinator aims to gain utility by incorporating the concept of artificial intelligence (AI). AI has become a major theme in the market after the success of ChatGPT, Google Bard, and Anthropic. 

OpenAI, the parent of ChatGPT, raised $10 billion from Microsoft earlier this year while Anthropic raised $4 billion from Amazon. In total, AI investments have jumped to more than $20 billion this year.

Memeinator will use AI in several ways. For one, the developers will use the technology to power games and other dApps in its ecosystem.

Memeinator will have a total supply of 1 billion tokens. 62.5% of these tokens will be sold in a presale in a 29-stage process, with its price going up in each of this stage. You can read the Memeinator white paper here.

The post Stars Arena hacked as Memeinator token sale gains strength appeared first on CoinJournal.

Veröffentlicht am

Bitrue registers as a VASP in Poland

  • Bitrue can now offer its services in and from Poland.
  • The crypto exchange sees Europe as an important market.
  • Poland had also licensed its peer Bitget earlier this year.

Bitrue has successfully registered as a VASP – Virtual Asset Service Provider in Poland, the crypto exchange confirmed in a press release on Friday.

Bitrue continues to expand in Europe

The announcement reiterates that Bitrue remains committed to expanding its footprint in Europe even though cryptocurrencies have been in a dry spell over the past three months.

Bitrue can now offers its services both in and from Poland now in compliance with local regulations now that it has secured a license in Poland. Its press release reads:

Bitrue introduced enhanced money laundering policies and procedures, and conformed with additional Polish regulations pertaining to VASPs as part of license process.

Poland seems to be embracing the crypto market fast. Earlier this month, peer Bitget became registered in the Central European country as well (find out more).

Bitrue sees Europe as an important market

On Friday, Bitrue also confirmed that it will continue to look for opportunities to further expand in Europe particularly after the MiCA (Markets in Crypto Assets Regulations) act that the EU approved earlier this year in May.

Europe is an important and developed market for Bitrue in terms of its size but also in relation to projects Bitrue works with across the region.

Last month, Robert Quartly-Janeiro – Chief Strategy Officer of Bitrue said the collapse of Terra Luna and FTX last year were actually helping in bringing traditional financial institutions to the crypto space.

Many believe the institutional interest will boost further once the Securities & Exchange Commission approves a Spot Bitcoin ETF.

The post Bitrue registers as a VASP in Poland appeared first on CoinJournal.

Veröffentlicht am

Friend.tech sees soaring revenue; whales dive deep into Flow & InQubeta

In the rapidly evolving world of cryptocurrency and decentralized platforms, many projects face challenges, both technical and reputational, before they find their footing and begin to thrive. Friend.tech is one such platform that, despite criticisms, is showing its mettle with increasing revenue numbers. 

Simultaneously, big investors or ‘whales’ are eyeing two top altcoins with immense potential: Flow and InQubeta ($QUBE).

InQubeta ($QUBE)

The promise of AI technology is boundless, with innovations cropping up at breakneck speed. Driving this revolution are start-ups, continually pushing boundaries in areas from machine learning to advanced robotics. Yet, the challenge lies in investing in these start-ups, especially for those outside the Silicon Valley bubble.

InQubeta enters the scene with an innovative solution. Offering a platform for fractional investments in AI start-ups through the use of its QUBE tokens, InQubeta democratizes the investment process. For investors, this is not just about profits, it’s also about fostering advancements in AI that can reshape our world.

The QUBE token is a game-changer. As a deflationary ERC20 coin, it’s designed with lucrative features to entice crypto investors. With taxes channelled into a burn wallet and a dedicated reward pool, holding and staking QUBE can yield attractive rewards.

Moreover, InQubeta’s NFT marketplace, powered by QUBE, allows investors to seamlessly invest in AI ventures. Through the minting and trading of trending NFTs, the platform ensures a transparent, democratic, and efficient investment ecosystem.

Investors can find added assurance in InQubeta’s commitment to security and transparency. This is evident from Hacken’s successful smart contract audit and KYC verification by BlockAudit. The ongoing presale further underscores its promise, with over $3.4 million already raised. InQubeta’s roadmap is just as ambitious, with plans to launch an NFT marketplace, the InQubeta swap, and the InQubeta DAO. Furthermore, a cross-chain expansion is on the horizon for 2024, which makes QUBE an altcoin to watch out for in the coming months.

To invest in the project, visit the InQubeta Presale.

Friend.tech surging revenue despite criticism

Friend.tech found itself facing criticism over its revenue model. For many decentralized platforms, revenue generation can often become a point of contention, especially if the model seems unconventional or unsustainable.

However, in the case of Friend.tech, its revenue model has not only withstood the criticisms but also thrived. A significant catalyst behind this success is the deployment of Sniper Bots. These bots, numbering over 450, have generated impressive profits surpassing $5.9 million. This accounts for an astounding 34% of Friend.tech’s total revenue. Such figures clearly showcase the efficacy of the platform’s algorithms, solidifying its potential among top DeFi projects.

Flow becoming an NFT and DApp powerhouse

Flow has been making waves as a blockchain-based decentralized ecosystem catering specifically to interactive experiences, decentralized apps, and blockchain-oriented games. The Flow network’s primary objective is to offer a scalable environment conducive to swift transactions minus the congestion woes.

But what’s unique about Flow is its approach towards popular NFTs, treating them as unique collectibles, each with distinct values. As the NFT craze continues to dominate, platforms like Flow that offer a seamless environment for their creation and trading will inevitably be at the forefront of this digital revolution.

Conclusion

While the crypto space sees countless new entrants each day, not all are poised for success. However, platforms like Friend.tech, Flow, and InQubeta offer unique propositions that set them apart. 

As Friend.tech demonstrates resilience and growth amidst criticism, and as Flow carves its niche in the NFT space, InQubeta stands tall, embodying the promising convergence of AI and blockchain. Together, these platforms exemplify the diverse potential and avenues of growth within the broader crypto ecosystem.

For more information on InQubeta, you can visit InQubeta Presale or join The InQubeta Communities

The post Friend.tech sees soaring revenue; whales dive deep into Flow & InQubeta appeared first on CoinJournal.

Veröffentlicht am

Early XRP Investor who made millions sets sight on a new crypto

Success stories often emerge from the early pioneers who had the vision and courage to invest in innovative digital assets. One such story revolves around an anonymous early Ripple (XRP) investor who not only witnessed the remarkable rise of Ripple’s native token but also had the foresight to cash out at $3 per XRP, amassing millions in the process.

With a seasoned eye for promising blockchain projects, this investor has set his sights on a new crypto gem, InQubeta ($QUBE), poised to make waves in the digital landscape.

InQubeta has broken new ground in the world of crypto crowdfunding by introducing the concept of fractional investment in AI startups through the use of $QUBE tokens. This unique approach allows investors to participate in the growth and success of AI technology, making it more accessible and democratized. 

Let’s explore why this XRP investor, who cashed out at $3, is now interested in InQubeta after making millions.

InQubeta’s NFT Marketplace on Ethereum

The fact that InQubeta leverages the Ethereum blockchain adds to the factors compelling propelling investors to its ongoing presale. 

By utilizing the Ethereum blockchain’s robust capabilities, this NFT marketplace establishes a secure and transparent investment ecosystem. Ethereum’s smart contract functionality plays a unique role in the creation of InQubeta’s top NFT marketplace, which is based on the ERC721 standard. This marketplace offers many advantages, including enhanced flexibility, interoperability, and functionality for investors and startups.

InQubeta’s top NFT marketplace introduces an exclusive investment opportunity for AI tech startups, granting them access to a diverse investor community within the InQubeta ecosystem. By listing their investment NFTs on the InQubeta marketplace, these startups open doors to a broader audience of investors and gain access to invaluable support and guidance from a seasoned team of industry professionals. InQubeta’s commitment to creating a fair and equitable investment ecosystem shows its dedication to fueling the growth and success of AI technology startups.

One distinctive aspect of InQubeta is its responsible approach to token release. By vesting the $QUBE token for 12 weeks, the platform ensures a gradual release of new tokens into circulation, promoting stability and trust among investors. This measured approach contributes to creating a sustainable, long-term investment ecosystem for those interested in the future of AI technology.

InQubeta’s commitment to security and transparency is unwavering. This crypto ICO has prioritized comprehensive auditing and compliance processes to safeguard its users. Independent audits conducted by renowned cybersecurity experts from Hacken have meticulously examined InQubeta’s smart contracts, verifying the platform’s security and functionality. This rigorous auditing process is a testament to InQubeta’s dedication to maintaining a secure user environment, making it the best crypto investment option.

Ripple pioneering cross-border payments

Ripple is a prominent cryptocurrency known for its focus on facilitating cross-border payments and serving as a bridge currency in the financial industry. Its unique consensus algorithm, the Ripple Protocol Consensus Algorithm (RPCA), sets it apart from traditional proof-of-work cryptocurrencies like Bitcoin. Ripple (XRP) gained widespread attention due to its partnership with various financial institutions and its potential to revolutionize international money transfers by offering faster and more cost-effective solutions.

One notable success story within the $XRP community is that of an anonymous early investor who made millions by investing in $XRP and eventually cashed out when its price reached $3 per token. This individual’s foresight and belief in the cryptocurrency paid off handsomely as Ripple’s value soared during the crypto market bull run. 

Conclusion 

InQubeta is a crypto gem that is drawing the interest of investors and AI startups in search of promising opportunities within the crypto space.  Its innovative approach to AI startup investments, responsible token management, robust security measures, and transparency position it as the best crypto investment prospect. 

As the crypto community continues to seek promising opportunities, InQubeta’s vision of revolutionizing AI startup funding and engagement is a compelling option that investors should keep a close eye on.

To participate in the ongoing InQubeta ($QUBE) presale visit InQubeta Presale or join the InQubeta communities on LinkedIn.

The post Early XRP Investor who made millions sets sight on a new crypto appeared first on CoinJournal.

Veröffentlicht am

Canadian regulator clarifies guidelines for stablecoins trading

  • Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on exchanges.
  • Crypto platforms and issuers have to adhere to set conditions before they are allowed to offer stablecoin related services.
  • Several crypto exchanges, including Binance, exited Canada earlier this year following CSA’s new stablecoin guidelines.

The Canadian Securities Administrators (CSA) has provided further guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country over regulatory developments.

Canada clarifies stablecoin trading rules

Although the CSA previously noted in an interim framework that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives, its latest update include the acknowledgement that the asset is an important component of trading on crypto exchanges.

The guidance includes clarification on when crypto trading platforms and issuers of fiat-backed stablecoins can offer these assets to Canadian customers. Initially, the CSA said crypto trading platforms could be allowed to offer stablecoin deposits or purchases in cases where the asset is pegged to a single fiat currency.

Stan Magidson, CSA Chair and CEO of the Alberta Securities Commission, providers and issuers must adhere to transparency, particularly about their reserves and governance. He noted in a press release that these are “critical issues” that should be addressed in order to protect investors and market integrity.

“This interim framework, which we will build upon in the future, sets certain standards to help ensure that investors receive the information they need about the assets they are purchasing, including the risks associated with them,” Magidson added.

The latest clarification is in response to comments received from Canadian crypto market participants, the CSA said. The move is also a result of the push to have a framework that aligns with global standards and regulations.

This year, Binance, OKX and Bybit announced their exit from the Canadian market citing the regulatory environment.

Binance, the world’s largest crypto exchange by trading volume, pegged its departure on “new guidance related to stablecoins and investor limits”. Per the exchange, the requirements had made the Canadian market “no longer tenable” for business.

The post Canadian regulator clarifies guidelines for stablecoins trading appeared first on CoinJournal.