Schlagwort: blockchain markets

Binance has announced that Binance Loans has started accepting AVAX and ADA tokens as collateral assets.

Binance Loans’ new Collateral assets (AVAX and ADA)

Binance Loans will now be accepting AVAX and ADA as collateral where they will provide loan orders that are backed by the two tokens so as to lower the borrowing cost.

However, Binance Loans also offers a number of cryptos as collateral assets, loanable limitations, and interest rates which depends on the internal risk mitigation and market situations. 

Difference between Crypto Loans and traditional loans

Basically, Crypto loans and traditional loans depend on the same principle but the main difference between the two is how people account for their money. In traditional loans, credit ratings are used to determine the risks, but in crypto loans credit rates are irrelevant. Institutions can use traders’ crypto as collateral until the borrower repays the loan. 

In Crypto Loans the period of repayment can be shorter than that of regular loans, for example, Binance Loans offers a loan term of about 7 to 180 days.

The risks involved in Crypto Loans

One of the risks involved in Crypto loans is the volatility of cryptos which makes them unstable as compared to normal currencies. For example, the value of crypto can drop making the collateral value of the lender less than that of the loan.

However, crypto loans may appeal to investors for a number of reasons as a number of traders might not consider liquidating their assets. Crypto loans can help traders to receive interest on their assets.

Besides, traders can use Bitcoin (BTC) to borrow USDT or BUSD as there is a high probability for the collateral value to increase and worth more than the loan. BTC value might rise to make some profits for the loan borrower.

The post Binance Loans starts accepting AVAX and ADA as collateral assets  appeared first on CoinJournal.

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

Top cryptos

This market was mixed over the past 24 hours, with some of the top 10 cryptos registering gains, while others registered losses. 

Bitcoin was around 2% higher, trading below $30,000 this morning. Ethereum and Cardano registered small gains, while XRP and Solana registered small losses.  

Top movers

Outside the top 20, most coins registered slight gains. Notable standouts include Ethereum Classic and Kava with 11% each. Ethereum Classic is going against the market, possibly gaining on news of an associated NFT giveaway. 

Kava’s EVM launch is tomorrow. It is expected to add some value to their L1 space. TerraUSD added almost a quarter to its value today, but is still trading for a fraction of its former price at 10 cents. 

On the losing side, NEM and Decred are down by around 5% each, reversing recent gains.  

Trending

The biggest winner today is Diamond Love (LOVE), the token of Diamond Network, a new multichain platform.

It is said to help blockchain developers easily deploy custom blockchains and decentralized applications and easily connect to the Diamond ecosystem.

Diamond Network is positioned to become a leading multichain network among blockchains built on Polkadot’s Substrate Framework. It is up 2,244% today.  

The post Highlights May 25: Market bullish, Ethereum Classic and Kava lead the way appeared first on CoinJournal.

The live Alchemy Pay price today is $0.025 with a 24-hour trading volume of $192.7 million. Alchemy Pay is up 13.00% in the last 24 hours. 

If you are attracted to unique features and want to learn how and where to buy ACH, this guide is for you. 

Top places to buy ACH now

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 ACH with Coinbase today Disclaimer

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy ACH with Swapzone today

What is ACH?

Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. 

It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible.

Should I buy ACH today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

ACH price prediction

Tech News Leader provides a moderately bullish outlook on ACH. They predict it will only go up to $0.030 in 1 year. However, they believe it will be worth $0.098 in 5 years and $0.62 in a decade. 

ACH on social media

#ach is pumping!!!
Finally a breakout out of the falling wedge!$ach need now a successful retest! pic.twitter.com/gjsYMIh66u

— LeonXYO (@LeonMay07861086) May 24, 2022

The post Alchemy Pay token ACH is up 13%: here’s where to buy ACH appeared first on CoinJournal.

It’s never financial advice and doing your own research before investing is the way to go. But then again, what does DYOR mean? 

Well, it might mean learning to navigate the market with the help of lessons others have learned along the way.

One such lesson could be how to survive a bear market. In crypto, there is a pseudo-written rule for this – no matter what HODL.

According to crypto analyst Ran NeuNer, that is the trick. However, it takes patience. In comments shared on Tuesday, the analyst says rushing a bear market might only yield one result – you get wiped out. Here’s where he opines:

Remember that “a bull market is a sprint [while] “a bear market,” with all the pain, “is a marathon.”

1/Firstly, come to terms with the fact that the bear market will last way longer than you anticipated, just like the bull market ended way sooner than you predicted. A bull market is a sprint, a bear market is a marathon. Prepare yourself mentally for a tough road ahead!

— Ran NeuNer (@cryptomanran) May 24, 2022

That’s not all. In a bear market, it’s pointless to keep checking prices and Crypto Twitter might not be your friend.

2/Stop looking at the screen. Checking prices in a bull market is fun, it re-affirms what a genius you actually are 🤣! In a bear market it will not only distract you from the fundamentals but sudden temporary price declines may also cause you to panic and sell.

— Ran NeuNer (@cryptomanran) May 24, 2022

As Binance CEO Changpeng Zhao observes, projects need to use the bear market to build. For an investor, this is the time to check out projects, focusing on their fundamentals, NeuNer notes. 

Seasoned investors will also tell you that a bear market provides for a buy-the-dip opportunity. However, it pays to be careful as this is also the time the market gets literally flooded with meaningless tokens targeting new investors.

The post A bear market is a marathon- prepare yourself: analyst appeared first on Coin Journal.

Leading US-based crypto exchange, Coinbase has become the first crypto company to make it to the list of the Fortune 500 companies, an annual list of America’s largest companies by revenue. Coinbase ranks at position 437 in the Fortune 500 companies for 2022.

The development comes despite the current challenges facing Coinbase that have largely been brought about by a bearish market. The Fortune ranked companies based on their 2021 revenue when Coinbase performed quite well.

The revenue threshold for the 2022 Fortune 500 list was $6.4 billion and Coinbase’s revenue for 2021 was $7.8 billion. The threshold was 16% higher compared to the previous year’s limit.

2022 Coinbase performance

2022 has so far not been very rosy for Coinbase. It has posted net revenue of $1.16 billion in its first quarter with a net loss of $430 million. In comparison, Coinbase had posted a revenue of $2.49 billion in the fourth quarter of 2021.

The poor performance of Coinbase in the first fiscal quarter is because of a drop in the trading volumes across crypto exchanges because of the recent crypto price plunge.

As a result Mizuho Securities recently revised its estimates for Coinbase’s full-year 2022 revenue downwards to $5.6 billion from a previous estimate of $6.7 billion.

Coinbase shares are currently trading close to all-time lows at $66 and they have dropped to as low as $40 this month. They have dropped by over 88% from their debut price which was above $328.

As a result of the current turbulent market, Coinbase’s CEO and president, Emilie Choi, recently pointed out that the company will slow hiring.

Choi said:

“Heading into this year, we planned to triple the size of the company. Given current market conditions, we feel it’s prudent to slow hiring and reassess our headcount needs against our highest-priority business goals,”

Choi however assured investors that Coinbase has a strong position and its balance sheet was solid noting that Coinbase has been through several market downturns and emerged stronger every time.

It will be interesting to watch how the crypto exchange performs this year and whether it will make it to the Fortune 500 list in 2023.

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