Schlagwort: crypto business

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Where to buy the trending League of Kingdoms Arena MMO strategy game LOKA token

The native token of the popular blockchain-based Massively Multiplayer Online (MMO) strategy game League of Kingdoms Arena, the LOKA coin, has been trending since yesterday after the first NFTs items of the game were listed on eBay.

To assist traders, investors, and gamers purchase the LOKA game token, Coinjournal has created a brief article identifying the best platforms where to buy the token while also providing LOKA price prediction.

To find out more, please continue reading.

Best places to buy LOKA coin

What is LOKA token?

LOKA token is one of the native tokens of League of Kingdoms, which is a blockchain-based Massively Multiplayer Online (MMO) strategy game.

League of Kingdoms allows gamers to earn real income through in-game activities. Gamers build kingdoms, raise armies, form alliances and compete for power and wealth on battlefields.

Besides being an MMO game, the League of Kingdoms also supports player-versus-player (PvP) and player-versus-environment (PvE) gaming models.

The LOKA token is the governance token of the League of Kingdoms game and holders can take part in the decision-making process, and use the token to purchase in-game items and earn staking rewards through staking.

The other native token of the League of Kingdoms game is called Dragon Soul Token (DST) and it is a utility token. The DST is used for breeding dragon-like in-game characters.

Should I buy LOKA today?

If you want to add a blockchain-based MMO game token to your crypto portfolio, the LOKA token could be a good choice especially now that its price is rising after the listing of League of Kingdoms game NFT items on eBay.

However, you should be aware of the fact that the cryptocurrency market is extremely volatile and extreme sudden market swings are possible.

LOKA price prediction

LOKA coin is currently retracing from yesterday’s high after registering a monster bull run following the news of the listing of its NFT items on eBay. All eyes are now on the $0.60 price level, which analysts believe if bleached could see the token dropping to its previous lows.

If it rebounds above $0.6, analysts expect the token to retest prices above $0.65.

$LOKA social media trends

The post Where to buy the trending League of Kingdoms Arena MMO strategy game LOKA token appeared first on CoinJournal.

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Why is Avalanche up by more than 13% on Tuesday?

Avalanche is the best-performing cryptocurrency amongst the top 50 cryptocurrencies by market cap.

AVAX, the native token of the Avalanche blockchain, is up by more than 13% over the last 24 hours. Thus, making it the best-performing cryptocurrency amongst the top 50 cryptocurrencies by market cap.

AVAX’s positive performance comes as the broader crypto market recovers from its poor start to the week. The broader crypto market is up by more than 4% in the last 24 hours, taking the total crypto market cap close to the $1 trillion mark.

Bitcoin is now trading above $20k once again after adding more than 3% to its value over the last 24 hours. Ether, the second-largest cryptocurrency by market cap, is close to the $1,600 resistance point after rallying by nearly 10% today.

There is no immediate catalyst behind AVAX’s ongoing positive performance. AVAX has recorded huge losses in recent days and is simply recovering from the slump.

Despite today’s rally, AVAX is still down by more than 9% over the past seven days, indicating that the bearish momentum is not yet over.

Key levels to watch

The AVAX/USD 4-hour chart is still bearish despite Avalanche adding more than 13% to its value today. The technical indicators show that AVAX is recovering from its recent slump.

The MACD line remains below the neutral zone, indicating bearish momentum. However, with the bulls now in control, AVAX’s MACD line could move into the positive region in the near term.

The 14-day relative strength index of 49 shows that AVAX is no longer in the oversold region. However, AVAX would need to rally higher to enter the overbought territory.

At press time, AVAX is trading at $20.34 per coin. If the bulls continue to be in charge, AVAX could rally past the $23.02 resistance level before the end of the day. 

Unless there is an extended bullish run, the second major resistance point at $26.29 should cap further upward movement in the near term.

The post Why is Avalanche up by more than 13% on Tuesday? appeared first on CoinJournal.

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Argentina’s wine capital Mendoza accepts crypto for provincial taxes

The government of Mendoza has added crypto to legal tax payment options and provided a step-by-step guide for users.

The Mendoza province, the wine capital of Argentina and one of the world’s leading destinations for oenophiles, now accepts cryptocurrency for tax obligations and other government fees.

This is after the Mendoza Tax Administration (ATM), the province’s tax agency, announced it had added the new payment method to facilitate payment of taxes online.

Pay tax online with crypto

According to a press release the government published on Friday, taxpayers can go to the tax administration’s ‘pay online’ section and follow a step-by-step guide on how to pay their taxes with crypto.

“This new service is part of the strategic objective of modernization and innovation carried out by the Mendoza Tax Administration so that taxpayers have different means to comply with their tax obligations,” read part of the press release.

The crypto payment option will support all types of crypto wallets and taxpayers will have to scan a QR Code to complete the transaction, the agency advises in the guide.

But while the payments will be made in crypto, ATM has partnered with a crypto payments provider to convert cryptocurrencies into the local currency pesos. This will help the tax watchdog to offer proof of payment as well as remit these to the government in pesos, according to the announcement.

The government of Mendoza’s move to accept crypto for tax obligation payments comes as more people turn to cryptocurrencies as Argentina’s inflation skyrockets. Annual inflation hit a 20-year high of 71% in figures reported earlier this month, with the central bank hiking interest rates by 950 bps to 69.5%.

Economists recently projected the country’s inflation rate will hit 90% by the end of the year.

The post Argentina’s wine capital Mendoza accepts crypto for provincial taxes appeared first on CoinJournal.

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Sam Bankman-Fried denies FTX is looking to acquire Huobi

FTX has been active in the acquisitions arena this year, snapping up firms like Liquid and Bitvo amid the crypto winter.

Sam Bankman-Fried, the CEO of crypto exchange FTX, has said his company does not plan to acquire cryptocurrency exchange Huobi.

The FTX boss, whose firm has in recent months dominated news headlines around huge acquisition and expansion efforts amid the crypto winter, noted in a tweet on Monday:

“Just to be explicit because apparently a lot of people are saying this: No, we are not planning to acquire Huobi.”

Huobi launched in 2013, one of the earliest cryptocurrency exchanges, and one with a growing footprint following establishments in Korea and Hong Kong.

FTX’s acquisitions and plans

Bankman-Fried’s remarks come after reports surfaced of FTX being in talks to acquire Huobi. 

According to one such recent report, Huobi founder Leon Li had discussed the sale of a majority stake in his company to FTX, with the potential bid then putting the exchange’s valuation at around $3 billion.

Reports also claimed that Tron (TRX/USD) founder and former CEO Justin Sun had also shown interest in Huobi. Sun also refuted the claim.

FTX’s growth plans despite the crypto winter include acquisition of crypto exchange Liquid and trading platform Bitvo. 

The firm, which also has an agreement to acquire crypto lender BlockFi, has reportedly also been in talks to acquire South Korea-based crypto exchange Bithumb.

The post Sam Bankman-Fried denies FTX is looking to acquire Huobi appeared first on CoinJournal.

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Bitcoin battles for $20K as Mt.Gox BTC dump cloud fades

  • Bitcoin fell below $20,000 over the weekend amid selling pressure across equities and crypto.
  • BTC price is back above the key level, with bulls currently battling bears around $20,245.
  • The Bitcoin market is unfazed by the reported release of 140,000 Mt.Gox bitcoin to creditors.

Bitcoin climbed back above $20,000 0n Monday following Friday’s sell-off and ultimate breakdown to near $19,600 over the weekend.

Sell-off in stocks

The picture on Wall Street, with US stocks also struggling with sell-off pressure since Powell’s hawkish comments on Friday, does add to the overall bleakness.

After falling more than 3.3% on Friday, the S&P 500 opened lower on Monday and is currently 0.6% down. The Dow Jones Industrial Average and Nasdaq are also in the red as the enchmark 10-year US Treasury yield climbs above 3%’

Mt.Gox dump ‘not happening’

As well as the broader dump across risk-on markets on the back of US Federal Reserve Jerome Powell’s Jackson Hole blow, the Bitcoin market saw some negativity amid fear and uncertainty related to Mt.Gox news.

With anticipation of payouts for creditors of the defunct Bitcoin exchange rising as August draws to a close, fear of what a nearly 140,000 BTC dump would do to price gripped the crypto retail market. But the Rehabilitation Plan, announced last month, will not come as a lump sum. Rather, it’s going to be spread over several months.

Crypto analyst Michael van de Poppe commented that the payout should not scare traders, noting in a tweet:

At the time of writing, BTC was trading at around $20,245. It’s about 1.2% up in the past 24 hours. 

But while bulls are battling to keep the psychological support area, weakness across risky assets could still push the cryptocurrency towards intraday lows and possibly a retest of the $19,000 zone.

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