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

Uniswap launches an educational platform in conjunction with Do DAO

  • Uniswap’s launch of Uniswap University, in partnership with the Do DAO underscores its commitment to user education and engagement.
  • This initiative offers a structured learning pathway and practical experience opportunities, empowering users to navigate the intricacies of the V3 exchange.
  • With a legacy of innovation and growth, Uniswap continues to be a pivotal player in the world of decentralized exchanges.

Uniswap, the decentralized exchange (DEX) powerhouse, has rolled out an educational initiative called Uniswap University in collaboration with the Do Decentralized Autonomous Organization (DAO), a blockchain education-focused entity.

This endeavour marks a pivotal move in enhancing user engagement and understanding of Uniswap’s V3 exchange.

The Uniswap University

Uniswap University is designed as a structured learning platform aimed at facilitating the onboarding process for users diving into the intricacies of the V3 exchange. It offers an array of resources, including courses, simulations, and quick guides, catering to individuals at various proficiency levels.

Through Uniswap University, users can access a comprehensive spectrum of knowledge, ranging from fundamental concepts like “What is a DEX?” to more advanced subjects such as “Strategy Backtesting Tools.” The inclusion of interactive simulations for activities like adding/removing liquidity and exploring advanced position management tools enables users to swiftly gain practical experience.

One notable offering within the educational repertoire is an advanced course that delves into the fundamentals of becoming a liquidity provider on the V3 exchange. This course introduces users to diverse strategies, each accompanied by its own set of advantages and drawbacks. Strategies encompass holding stable coins, maintaining 50% of two different tokens, having 100% exposure to a single token, providing liquidity across a wide range, offering liquidity within a narrow range, and participating in volatile token pools.

Uniswap’s Business Source License expiration

Earlier this year, Uniswap’s Business Source License expired, granting developers the freedom to fork the Uniswap V3 protocol and establish their own DEX platforms. Notably, shortly after its May 2021 launch, Uniswap V3 outstripped Bitcoin (BTC) in terms of fee generation.

A staggering $451 million worth of coins and tokens were traded on the Ethereum (ETH) mainnet via Uniswap V3 alone. The V3 protocol boasts an impressive $3.2 billion in total value locked (TVL), comprising liquidity pools, staking mechanisms, and DeFi lending.

According to data from DeFiLlama, the cumulative revenue generated by Uniswap’s V1, V2, and V3 protocols amounts to a substantial $327 million annually. During the height of the 2021 bull market, Uniswap reached an astounding peak TVL of $10 billion.

The post Uniswap launches an educational platform in conjunction with Do DAO appeared first on CoinJournal.

Veröffentlicht am

Massive development for VeChain (VET) as self-custody wallet goes live

  • VeChain has officially launched VeWorld, its self-custody wallet.
  • VeWorld supports features such VIP-180 tokens, currency conversion and fee delegation.

VeChain has announced the official launch of VeWorld, the enterprise-focused L1 blockchain’s new self-custody wallet.

VeWorld integrates with WalletConnect, an open-source blockchain standard that allows users’ wallets to connect and interact with decentralised applications (dApps) and other wallets. It’s a bridge that connects the Web3 wallet to the dApps ecosystem, bringing the benefits of interoperability to developers and the broader VeChain user base.

As such, the mobile wallet’s unveiling means the VeChain ecosystem has added a key piece of infrastructure for crypto. It also marks a milestone achievement for the developer team.

“Our developers have been working diligently, day and night, to build and deliver a superior VeChain wallet. Today marks the culmination of those efforts,” reads part of a blog post announcing VeWorld.

Features include currency conversion and fee delegation

VeWorld’s first iteration includes features such as support for VIP-180 tokens (VeChain’s native token standard), currency conversion (either in Euro or USD), and fee delegation. The wallet supports both iOS and Android.

In the future, VeWorld will be upgraded to bring numerous features to users, including VeChain dApp store integration, fiat on/off ramp, DEX functionality, support for asset-bridging and carbon footprint tracking.

VeChain (VET) price

VeChain (VET) traded around $0.01720062, roughly 2.6% down in the past 24 hours. The declines for VET came as the broader crypto market dropped 1.8% amid price slips for Bitcoin (BTC) and Ethereum (ETH). 

BTC was down to $26,600 and ETH to below $1,600 as markets reacted to central bank monetary policies. Continued FUD across the crypto market was also weighing on sentiment.

The post Massive development for VeChain (VET) as self-custody wallet goes live appeared first on CoinJournal.

Veröffentlicht am

Galaxy Digital reveals plans of ‘aggressively’ expanding in Europe

  • Galaxy Digital names Leon Marshall its head of Europe operations.
  • The crypto company had recently partnered with DWS in Europe.
  • Galaxy Digital shares are down about 30% versus their YTD high.

Galaxy Digital just revealed plans of expanding its footprint in Europe. Its shares are keeping about flat at writing.

Leon Marshall to head Galaxy’s European operations

On Thursday, the blockchain company named Leon Marshall the Chief Executive of its European operations. He has previously served as an executive at Genesis.

Marshall has been tasked with seeking opportunities and leading the digital assets platform further into Europe. He will remain its global head of sales as well.

Earlier this year, the New York based firm announced a strategic alliance with DWS on digital assets ETPs – exchange-traded products. The asset manager will eventually work with Galaxy Digital on other digital asset solutions as well.

“GLXY” is currently down about 30% versus its year-to-date high at writing.

Europe is turning more attractive for crypto companies

MiCA or Markets in Crypto-Assets Regulation that the European Union approved this year makes it attractive for cryptocurrency companies. Michael Novogratz – the Founder of Galaxy Digital said today:

We’re thrilled to name Leon as CEO of Europe, a region critically important to our growth strategy. He’ll be invaluable as we scale our operations in U.K. and continental Europe aggressively.

Blockchain firms have also been turning recently to other crypto-friendly countries including the United Arab Emirates and Singapore due to a lack of regulatory clarity in the United States.

Earlier in September, the CEO of Ripple Labs – Brad Garlinghouse blasted the U.S. regulators for doing “nothing” to alleviate the situation as he announced plans of expanding in Europe.

The post Galaxy Digital reveals plans of ‘aggressively’ expanding in Europe appeared first on CoinJournal.

Veröffentlicht am

Astar (ASTR) price: sellers dent uptick after major exchange listing

  • Astar (ASTR) price rose to highs of $0.059 after news of listing on Bithumb.
  • ASTR has however pared some of the gains to trade near $0.053 amid profit taking.

Astar (ASTR) rose to a multi-week high on Thursday, reaching an intraday peak of $0.059 as market reaction to news of a major exchange listing buoyed bulls.

However, with sellers still largely present, ASTR has pared most of the daily gains and currently traded near $0.053. Per data on CoinGecko, the cryptocurrency’s price has a 24-hour and seven-day upside of 2.5% and 4.4% respectively at the time of writing (11:30 am ET).

Astar price soared after Bithumb listing news

A tweet from Sota Watanabe, founder of Astar Network, on Thursday highlighted the native ASTR’s listing on Bithumb, one of the largest cryptocurrency exchanges in South Korea. With the news came the buying pressure, a scenario that catapulted ASTR/USD from lows of $0.052 to near $0.060.

Notably, the spike in the USD pair came even as Bithumb added support for ASTR/KRW, driving volume across the country.

The listing on the Korea-based exchange comes after Astar Network, which is Japan’s leading blockchain, launched its highly anticipated zero knowledge (ZK) layer 2 chain Astar zkEVM on Ethereum. 

Astar’s L2 scaling solution is powered by the Polygon CDK. According to the Astar and Polygon teams, the new ZK-powered chain brings transaction speed, scalability and security to businesses and enterprises. It’s part of the roadmap to delivering global adoption for Web3.

ASTR also recently listed on Swyftx, one of the leading crypto exchanges for Australia and New Zealand. The token also recently debuted on Huobi.

The post Astar (ASTR) price: sellers dent uptick after major exchange listing appeared first on CoinJournal.

Veröffentlicht am

3 reasons the Gala crypto price has plunged to record low

  • Gala crypto price is nearing its lowest level on record.

  • It has plunged by more than 78% from the highest level.

  • There are concerns about the platform and the ongoing lawsuit.

Gala token price continued its sell-off as demand for the coin crashed. The token plunged to a low of $0.013, meaning it has plunged by more than 78% from the highest level on record. Other top laggards on Thursday were coins like Optimism, eCash, Injective, and XDC Network.

Fed interest rates and ecosystem growth

There are three main reasons why Gala crypto price has been in a strong bearish trend for a while. First, like other cryptocurrencies, it is being affected by the rising interest rates by the Federal Reserve. 

The Fed has hiked rates from 0% during the pandemic to between 5.25% and 5.50%. In its monetary policy meeting on Wednesday, the bank warned that it will deliver one more 0.25% rate hike. 

High interest rates have an impact on all assets. For example, they lead to a higher US dollar index (DXY). The index, which measures the value of the USD against a basket of currencies, has jumped to a five-month high of $105.

Further, the dollar is having a higher yield than most cryptocurrencies. Money market fund yields have jumped to a multi-year high of almost 6%. Therefore, many investors have moved their funds from risky assets like crypto to cash.

Second, Gala price has plunged because of the lack of traction of games in its ecosystem. While developers have launched several games like Townstar, Dragon Strike, and PokerGo, data shows that they have not gone mainstream. Also, NFT sales in Gala have dropped. 

Finally, there is internal wrangling between Wright Thurston and Eric Schiermeyer, the co-founders of the platform. The two are battling over a $130 million theft in a court in Utah. Historically, investors tend to avoid assets with such issues.

Gala crypto price forecast

The daily chart shows that the Gala crypto price has been in a strong bearish trend in the past few months. It moved below the key support level at $0.018 and $0.015, the lowest levels in June this year and December last year. Gala has also remained below the 50-day and 100-day moving averages.

Therefore, Gala price will likely continue falling as demand for the coin wanes. This sell-off will likely continue falling as sellers target the key support at $0.010. The stop-loss of this trade is $0.02.

How to buy Gala

eToro

eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.

Buy GALA with eToro today

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy GALA with Coinbase today

The post 3 reasons the Gala crypto price has plunged to record low appeared first on CoinJournal.