Schlagwort: crypto business

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Bitcoin SV price drops after Robinhood news

  • Bitcoin SV dropped from highs near $45 to lows of $37 on major crypto exchanges.
  • The BSV price fell as the market reacted to news from online trading app Robinhood, which will remove the coin from its crypto offerings later this month.
  • BSV is a cryptocurrency forked from Bitcoin Cash in 2018.

Bitcoin SV price fell more than 15% on Wednesday, trading down from highs near $45 to hit lows of $37 on major cryptocurrency exchanges.

According to data from CoinGecko, the price of the native Bitcoin SV blockchain token had risen over the past week as crypto began 2023 with a relief rally.

But on Wednesday, the Bitcoin fork token plummeted amid news from online trading app Robinhood. Per a crypto update the platform provided on its website, support for BSV will end on 25 January 2023 at 06:59 pm ET.

What does this mean for users?

According to Robinhood, customers can still buy, sell, hold or transfer BSV up to the indicated deadline. But while this is possible until then, the trading app will sell any BSV still held in Robinhood Crypto accounts at market value, the statement warned customers. 

Once this step is taken, any proceeds from BSV sales will be credited to customers’ accounts.

Robinhood explained its delisting of the BSV coin as a result of a regular review of the platform’s crypto offerings. As of the announcement, the decision did not impact any other coins, with the statement emphasizing that users’ crypto remained safe on Robinhood.

Bitcoin SV, or Bitcoin Satoshi Vision at the time of its fork from the Bitcoin Cash (BCH) coin in 2018, was trading around $40 at 13:02 pm ET. It remains more than 10% down in the past 24 hours and is over 91% down from its all-time high of $489 reached in April 2021.

The post Bitcoin SV price drops after Robinhood news appeared first on CoinJournal.

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FTX has recovered over $5B in assets: report

  • A bankruptcy attorney for crypto exchange FTX revealed on Wednesday that the platform had located over $5 billion in assets.
  • The new assets includes cash and liquid crypto, adding to the $1 billion initially announced in December.
  • FTX filed for bankruptcy in November 2022.

In cryptocurrency news related to collapsed crypto exchange FTX, a bankruptcy attorney has revealed the recovery of over $5 billion worth of assets tied to the platform.

According to the latest report on the matter, the recovered assets do not include roughly $425 million in digital assets being held by Bahamian regulator the Securities Commission of the Bahamas (SCB).

FTX ‘finds’ more assets

FTX filed for bankruptcy in November 2022, with the exchange’s new leadership stating in December that they could only locate $1 billion or so worth of assets.

However, on Wednesday, FTX bankruptcy attorney noted the team had managed to find more than $5 billion. The amount includes cash, liquid crypto assets and investment securities whose value is pegged at prices when the petition was filed.

While the find adds to the claim holdings, it is yet to be established just how much the company owes creditors. When it filed for bankruptcy protection, it indicated an amount between $1 billion and $10 billion.

The post FTX has recovered over $5B in assets: report appeared first on CoinJournal.

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Fireblocks, Collider and MarketAcross to host Web3 startups event

  • Fireblocks, Collider and MarketAcross will host the Building Blocks 23 event in Tel Aviv on 7 February 2023.
  • The ETH TLV event will feature speakers such as blockchain sceptic Udi Wertheimer and SSV Network CEO Alon Muroch.
  • The one-day event seeks to boost Web3 entreprenuership.

Building Blocks 23, a one-day web3-focused event set to bring top together developers and community members in the Ethereum ecosystem, will happen in Tel Aviv.

Details on the 7 February, 2023 ETH TLV event highlight three major Israeli companies as the hosts.

Accordingly, the Building Blocks 23 event will be organised by digital assets focused venture capital fund Collider, blockchain PR and marketing firm MarketAcross, and enterprise-grade crypto platform Fireblocks.

The hosts will collaborate with Israeli-based zero knowledge proof technology provider StarkWare, a press release shared with CoinJournal revealed.

The Who and what of Building Blocks 23

Building Blocks 23 is targeted at forming the foundations of Web3 entrepreneurship and will offer participants access to a series of events – including workshops and panel discussions. The organisers will look to guide representatives of various projects through the process of building successful Web3 businesses.

Among the topics to be covered are fundraising, product marketing, creating a security-first organisation and building teams and communities around projects. Valuable lessons on offer will be the art of building in Web3, mastery of leading protocols, and how to navigate the inevitable market turbulence.

Delegates will also learn from industry leaders on issues such as treasury management, sustainable tokenomics and effective branding.

Udi Wertheimer, a blockchain sceptic and Ethereum expert is on the confirmed list of guest speakers, as is Alon Muroch, CEO of SSV Network. There will also be speakers from across the industry, including from The Graph, Aave, Safe, Avalanche, and Solidus Labs.

The post Fireblocks, Collider and MarketAcross to host Web3 startups event appeared first on CoinJournal.

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GALA price falls after Gala Games deletes Hollywood star partnership tweet

  • At the time of writing, GALA token had dropped by more than 11%.
  • Gala Games is under fire after secretly deleting a tweet announcing their partnership with Hollywood stars.
  • This comes after GALA shot up by more than 70%to above $0.051.

Metaverse cryptocurrency GALA price has dropped considerably in the past few hours after the parent firm Gala Games deleted a tweet announcing its partnership with several Hollywood stars including The Rock.  What has irked most crypto followers is that Gala Games deleted the tweet without offering any explanation.

The tweet that Gala Games had posted on Monday stating that it was working with Dwayne “The Rock”, Mark Wahlberg, and Johnson pushed the price of GALA up by more than 70%, the highest price the token has reached since September 2022.

The tweet stated that the game development platform was “developing two films with the Rock (aka Dwayne Johnson) and Mark Wahlberg! Two absolutely huge forces in the entertainment industry. You’ve seen their work on screen, but I think their presence might be even more powerful off the screen and we are so happy to get the chance to work with them.”

Gala Game’s silence after deleting post

Several Twitter handles have been created questioning how genuine the announcement was.  

Nevertheless, despite today’s pullback, GALA still remains the top mover for the month among the gaming tokens. GALA has gained about 130% while The Sandbox’s SAND token has only surged by 30%, and Decentraland’s MANA has risen by 22%.

The post GALA price falls after Gala Games deletes Hollywood star partnership tweet appeared first on CoinJournal.

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AGIX price defies gravity as Singularity demand soars

  • SingularityNET’s token has risen in the past six days and moved to its October high.

  • It has surged by over 200% from its lowest point in 2022.

AGIX price has defied gravity in the past few days. SingularityNET’s token has soared in the past six straight days and is trading at $0.10, the highest point since October 14. The coin has jumped by more than 204% from the lowest level in 2022. It has seen its market cap surge to more than $115 million.

What is SingularityNET?

SingularityNET is a blockchain project that seeks to incorporate concepts on artificial general intelligence (AGI) that is not dependent on any central entity. The platform is built on top of Cardano’s blockchain. Some of its top partners are Ocean Protocol, Cisco, and Binance Connect.

Singularity’s ecosystem has been growing. It includes projects in industries like DeFi, gaming, arts, and enterprise AI among others. Some of the top apps in its ecosystem are SingularityDAO, Nunet, Rejuve, Sophia Verse, Awakening Health, and Jam Galaxy among others.

SingularityDAO is a decentralised portfolio management protocol designed to enable anyone to safely and easy manage their crypto assets. Nunet, on the other hand, builds infrastructure providing distributed computing and storage for decentralised networks.

Some of the most important achievements made by SingularityNet in 2022 were its AI model training. It also initiated design for Cardano platform marketplace. 

It is still unclear why the AGIX price has jumped sharply in the past few days. A likely reason for the rally is the strong performance of Cardano, which has soared to the highest point in months. Another reason is that investors believe that the platform’s ecosystem will continue growing this year. 

And like other cryptocurrencies, AGIX price has risen because of macro factors. Data published last Friday showed that wage inflation has started cooling. With the broad inflation falling, investors believe that the Fed will start turning a bit dovish.

AGIX price forecast

AGIX/USD chart by TradingView

The daily chart shows that the SingularityNET price has done well in the past few days. It has risen in the past six straight days and moved to the highest point since October. As it rose, the token jumped above the important resistance level at $0.072, the highest point on December 12. It has rallied above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has soared above the overbought level. 

Therefore, I suspect that this rebound will come to an end soon. If this happens, the next key support level to watch will be at $0.072. 

How to buy SingularityNET

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