Schlagwort: crypto business

Veröffentlicht am

GlobalBlock sees significant client growth after trading app launch

  • GlobalBlock launched its mobile trading app in July and has seen 1,288 downlaods, with client registrations increasing over the past two months.
  • The app is available on Google Play store and Apple App store.

GlobalBlock Europe, a digital asset broker wholly-owned by publicly-traded GlobalBlock Digital Asset Trading Limited, has recorded a significant jump in the number of new client sign-ups since the company’s unveiling of a mobile trading app, according to an update published on Thursday.

GlobalBlock developed the trading app in-house and launched it in late July this year, with download access on both the Apple App store and Google Play store.

Over the next one month, the company’s marketing efforts have seen downloads grow to 1,288, and figures for September are showing a similar growth trajectory.

App downloads and registration

As GlobalBlock notes in its press release, client numbers have doubled over the past two months as a reflection of the increased app downloads.

The company’s effort saw a conversion rate of 9% during the period, with 26% of those who downloaded the trading app proceeding to full registration – which means they completed a full KYC (Know Your Customer) check.

“Given that online marketing generally achieves customer engagement levels of 5% with finance apps generally at 20%, our app download results after nearly two months are extremely encouraging. Our first month rate of 26% should be a floor as we hone our engagement practices,” said Rufus Round, CEO of GlobalBlock.

Rufus noted that the company’s brand has continued to see greater recognition and showing some positive effect despite the bear market. He opined that the firm is well prepared for the next phase of the market, especially after using the crypto winter to work on its product and streamlined its cost base.

As for the issue of cost base, GlobalBlock recently completed the migration of its digital asset service to Lithuania.

The post GlobalBlock sees significant client growth after trading app launch appeared first on CoinJournal.

Veröffentlicht am

How sustainable is Uniswap’s 8% jump amid the rate hike?

  • Uniswap gained 8% on Thursday immediately after the Fed rate hike.

  • Uniswap Foundation announced its first grant totaling $1.8 million for ecosystem growth.

  • UNI trades at a support zone.

Uniswap UNI/USD rose more than 8% before cooling down on Thursday. The gains coincided with a surge in trading volumes of more than 70% despite a Fed rate hike. There was no specific driver for the gains, although there were noticeable developments.

On September 21, the Uniswap Foundation announced the first batch of its grants. According to the Foundation, a total of $1.8 million grants will go to 14 recipients. The grant is part of Uniswap’s move to grow the ecosystem. The move comes barely a month after the Uniswap community passed a proposal to establish the program. The grants will be awarded to teams and projects focusing on three areas. These are community growth, governance, and protocol growth.

It should be noted that Uniswap has been losing value since the Ethereum merge occurred a week ago. The DEX, the biggest in the world, has most of its funds locked on the Ethereum platform. The total value locked on Uniswap is $4.97 billion, with $4.77 billion on Ethereum.

Uniswap token recovers at a level at or slightly below the support

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy UNI with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy UNI with Capital.com today

Source – TradingView

If we turn to the technical side, UNI trades at a support zone of $5.6. The trend remains bearish. The token is still under pressure as it has yet to recover above the support, which has now turned into resistance. A recent cross of the 20-day MA below the 50-day MA heightened the bearish weakness. 

Concluding thoughts

UNI has to recover successfully above $5.6 to consider the intra-day gains sustainable. We need to watch the close of the daily candlestick to confirm a potential bullish reversal.

The post How sustainable is Uniswap’s 8% jump amid the rate hike? appeared first on CoinJournal.

Veröffentlicht am

Kraken founder Jesse Powell steps down as CEO

Kraken Chief Operating Officer David Ripley takes over from Jesse Powell, who stays on as Chairman, Board of Directors.

Jesse Powell, the co-founder of US-based cryptocurrency exchange Kraken, is stepping down from his Chief Executive Officer position.   .

Kraken COO David Ripley takes over as CEO

In an interview aired on Thursday, Powell confirmed his exit as CEO, but said that he will remain at the company as Chairman of the board. The CEO role is being taken by Chief Operating Officer David Ripley, he added.

“I like to think of it as you know I’m taking a higher level role at the chairman level. You have ultimate oversight over the whole company. Dave Ripley will be doing all the hard work for me. So appreciate that,” he told Bloomberg TV.

Powell, who said he is excited about the next chapter – being chairman – and what it could allow him to do, also talked about the future of the company under David Ripley.

“I’m extremely confident in David Ripley and his ability to lead this company. He’s been with us since we were 50 people six years ago, all the way up to mid-3000 right now. So, you know, he’s seen it all. And I’m just super glad that we have such a deep bench and someone able to step up from the inside,” he said during the interview.

Ripley will focus on the day to day running of the company, while Powell hopes he’ll have time “to go deeper on the product and user experience.” This even as the crypto market remains in a bearish grip after a tumultuous 2022 and presents a scenario likely to hamper Kraken’s stock market debut plans.  

Powell co-founded Kraken in 2011 and remains its largest shareholder as he takes up the Chairman of the Board of Directors role.

The post Kraken founder Jesse Powell steps down as CEO appeared first on CoinJournal.

Veröffentlicht am

Avalanche slides to $17 support but is it a buy?

  • Avalanche integrated the Layer-2 solution Boba Network on Wednesday.

  • AVAX trades the $17 support zone

  • Future recoveries depend on market sentiment

Avalanche AVAX/USD trades at $17.34, a level it has held since September 18. The price level has been the lowest since early July. At the bottom level, buyers are showing interest after days of consolidation. At press time, the token was up 2.07% in the last 24 hours. The gains were, however, not enough to erase 7.94% losses in the past week. 

Avalanche welcomes Boba Network

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy AVAX with eToro today

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy AVAX with Skilling today

Multi-chain Layer-2 chain Boba Network announced entry into Avalanche on September 21. The integration will see Boba help Avalanche meet the scalability demands. Boba lauded Avalanche for its fast and low-cost transactions and eco-friendly solutions. Following the integration, Biba will become Avalanche’s first L2.

Avalanche price and prediction

The integration of the Boba network adds a positive sentiment to AVAX when the sentiment is weak. That helped the token recover slightly amid an interest rate hike by the Federal Reserve. However, we find AVAX between a rock and a hard place as momentum is weak at the support.

Source – TradingView

A technical outlook shows that AVAX’s in a downtrend. The price has been moving in a pattern of lower highs and lower lows. A recent MACD bearish crossover speaks of the weakening momentum. The moving averages above offer resistance.

Concluding thoughts

Despite the Boba Network integration, AVAX is in a bear market and is not a recommended buy. Buyers may keep optimism of recovery at the $17 support. However, with the weak sentiment, a lower price is possible. 

If AVAX holds the support intact, a wave of consolidation may follow. That will enable the token to gather sufficient momentum to go higher. The cryptocurrency has a minor resistance at $22.

The post Avalanche slides to $17 support but is it a buy? appeared first on CoinJournal.

Veröffentlicht am

What is pushing Ripple (XRP) price up?

The price of Ripple’s XRP token is up 26.9% in the past week and 6.9% in the past 24 hours, outperforming most of the top cryptocurrencies like Ethereum and Bitcoin which are struggling to make considerable gains.

At press time Ripple’s XRP was trading at $0.4326.

Factors contributing to XRP’s recent price rise

There are two main factors believed to be behind the recent XRP price surge and they are increased trader optimism and high whale movement.

Trader optimism on XRP has increased considerably despite the ongoing Ripple lawsuit against the US SEC. majority of traders believe that XRP has the most bullish set-up in the crypto market with a potential for a further breakout.

One of the things that have increased traders’ optimism about XRP is the recent visit of Caroline D. Pham, an American attorney who serves as a commissioner of the Commodity Futures Trading Commission (CFTC) to Ripple Labs. The visit raised speculations that the XRP would be classified as a commodity rather than security as the SEC has been insinuating.

There has also been significant whale movement over the past few days with the two most recent whale movements being a transfer of 30 million XRP tokens and another 261 million XRP tokens between wallets.

The post What is pushing Ripple (XRP) price up? appeared first on CoinJournal.