Schlagwort: blockchain markets

Top 10 cryptos were flat, registering gains and losses of less than 1%. In the top 100, most fluctuated by 1-3% in value. 

Top cryptos

Bitcoin was trading above $30,000 at time of writing, relatively flat over the past 24 hours. Cardano registered negligible gains. Solana is the big winner in the top 10, gradually reversing losses, up almost 5% today.  

Cryptos outside the top 10 demonstrated the same tendency and were almost flat. Polygon and UNUS SED LEO each gained around 2%. 

Top movers

Chainlink continues yesterday’s surge, adding another 8% to its value. Tezos gained 10%, Helium 9%, and OMG Network 7%.  

One possible reason for Tezos’ growth is the announcement that the We Are Developers World Congress Berlin 2022, powered by Tezos, is starting on June 14. 

Gala shed around 3% as the Galaverse event nears its end. Fantom, ApeCoin, eCash, and Klaytn are also down around 3% each. 

Two days ago, a suspected exploit shut down Elrond’s Maiar DEX, resulting in loss of funds. Despite putting a recovery plan in place, Elrond lost 6% of its value today.  

Trending 

The biggest winner today is BurnToEarn, a Web3 app and platform on Binance Smart Chain. It is a health-oriented platform, where you can monetize your exercise regime. The BTE token has gained 877% today. 

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Token listing on crypto exchanges in Japan could soon become a lot swifter than it currently is, reports say.

The idea is that exchanges may not have to wait too long before listing a digital token due to an equally very long screening process.  

According to a report Bloomberg published on Wednesday, the Japanese government has expressed its dissatisfaction with the current framework and is in talks with the Japan Virtual and Crypto Assets Exchange Association (JVCEA) over the possibility of overhauling it.

JVCEA is a self-regulatory body tasked with supervising digital asset exchanges in the country. In May, the government criticized it for what is reportedly a slow “pre-screening” of crypto tokens.

Consumer protection key

Reportedly, JVCEA is looking at the possibility of allowing exchanges to list some tokens then following that up with a review. The deliberations, whose final report is expected by the end of the year, will also consider the scenario of having exchanges delist tokens after post-listing screening.

Notably, Prime Minister Fumio Kishida’s administration believes the process can be hastened even as measures are taken to ensure consumer protection.

This follows the collapse of Terra (LUNA) last month, which also involved the TerraUSD (UST) – a stablecoin that lost its peg to the US dollar to catalyze further losses across the market.

It’s this same need to protect users that has seen South Korean policymakers push for token listing guidelines for the country’s crypto exchanges. Lawmakers want exchanges to implement a self-regulatory system on listing and delisting of tokens, with the main objective being to public protection.

It is estimated 280,000 South Koreans were impacted by the LUNA collapse.

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The crypto market as a whole is bullish today with most top 100 coins in the green at the time of writing. 

Top cryptos

Bitcoin is up around 3% in the last 24 hours, trading above $30,000 at the time of writing. The second crypto is also reversing yesterday’s losses. Ethereum has gained 2% today, but is still down 7% for the week. 

Binance Coin is also recovering from Monday’s news of the SEC investigation into its US affiliate. However, its losses for the week stand at around 8%. 

Cardano continues to rise. It’s back at the sixth spot on the ranking of the biggest coins by market cap, up 7% today. Cryptos outside the top 10 are flat or with slight gains. 

Top movers

Chainlink, Theta Network, Neo, and Decred lead the pack. Chainlink announced integrations on BSC, Ethereum, and Polygon with Infura, LegionsCrypto, PirateNationNFT, and Tideexchange. 

The LINK coin currently ranks 21^st and gained 10% in the last 24 h. Theta Network concluded a unique NFT partnership with Resorts World Las Vegas, a luxury resort with top-class guest services and advanced technology.

The drop is this Friday, June 10. Theta is also up 10% today and is expected to keep rising as the drop approaches. 

An AMA is taking place in the Binance Official Telegram group today with John Wang, Managing Director of Neo. $5,000 in the ecosystem’s native token NEO will be distributed to participants. Its price seems to be reacting positively to the news, up around 9%. 

Decred is celebrating its 6^th year anniversary today and is up 9%. Last but not least, Arweave has gained 8%. Its Community Spotlight #4 is scheduled for this Friday. The newest founders building on the platform will be presenting their projects to the community. 

On the losing side, Convex Finance is down 3%. It has lost almost a quarter of its value this week. Gala, eCash, and Tezos each lost 4%, reversing yesterday’s gains.  

Trending

The biggest winner today is Revolotto (RVL), a platform that grants holders instant rewards on all transactions. Its one-of-a-kind burn protocol and coin circulation cycles are intended to protect investors. The RVL token has gained 688% today. 

The post Highlights June 8: Market is recovering, LINK and Theta stand out with 10% gains appeared first on CoinJournal.

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. 

Top cryptos

Bitcoin shed almost 6% of its value in the last 24 hours, trading below $30,000. Ethereum is down around 7%. Binance Coin (BNB) lost 8.50% after Bloomberg reported the US Securities and Exchange Commission was probing its US affiliate. 

In addition, SEC is probing into whether Binance should have registered BNB with the watchdog when the ICO took place in 2017. Cardano and Solana also tumbled, the latter by as much as 10%. 

Cryptos outside the top 10 showed a similar tendency. Despite being listed by Europe’s biggest crypto exchange, Shiba Inu lost around 6% in the last 24 hours. UNUS SED LEO is the only top 20 coin in the green. It gained 2% today. 

Top movers

Outside the top 20, the tendency was similar, with most coins losing 4-8% of their value. Notable standouts include ICP, down 12%, AAVE and THORChain with 10%, and Axie Infinity and Neo with 11%. All are reversing recent gains.  

Gala is the only top 100 coin in the green. It is up 4% after Gala Games announced a partnership with Epic Games to launch Battle Royale game Grit on the Epic Games Store. The Galaverse, an important event for the ecosystem, entered its second day.  

Trending

The biggest winner today is CV SHOTS, whose token CVSHOT is up 289% in the last 24 hours. The platform was created to help companies and job seekers network. It aims to help business owners find qualified employees. 

The platform evolved into a significant job marketplace, connecting all kinds of companies with millions of job seekers.  

The post Highlights June 7: BNB declines on SEC probe, GALA only coin in the green appeared first on CoinJournal.

Ripple co-founder Jed McCaleb sold nearly 70 million XRP over the past two weeks, data from XRPscan shows.

According to the data, the “tacostand” wallet has sold 69.11 million XRP, with over 20 million of these hitting the market in the past six days. Overall, the latest selling started on 24 May, coinciding with a dip in the XRP price.

In total, he has sold over 5 billion of the total 9 billion XRP he received as Ripple co-founder. Meanwhile, the tacostand wallet address shows a balance of nearly 183 million XRP.

The ex-Ripple CTO, who exited the company in 2013, still owns more than 3 billion XRP in holdings periodically released to him by Ripple.  

XRP price

XRP traded around $0.39 on Monday, about 6.1% in the past two weeks. The XRP/USD pair briefly rallied to highs above $0.42 on 31 May, before retreating as the crypto market tanked. In the past 24 hours, the 7th ranked cryptocurrency has gained about 2%.

Predictions are that a win for Ripple against the US Securities and Exchange Commission (SEC) could spur positive price movement. But for now, XRP remains 88% off its all-time high of $3.40 reached on 7 January 2018.

McCaleb co-founded Stellar (XLM)

McCaleb is the co-founder of the Stellar (XLM) cryptocurrency, a Ripple rival in the cross-border payments sector. He also founded the defunct Mt. Gox, a Bitcoin exchange that shutdown following a major hack in 2014.

Forbes currently lists McCaleb as the 1414th wealthiest person in the world with a net worth of over $2.2 billion (as of 6 June 2022).

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