Schlagwort: crypto business

Veröffentlicht am

NAGAX announces whitelist period with $35,000 in pre-launch promotion

  • Whitelisted participants have a chance to win various prizes in three promotions.

  • Winners will receive their rewards in Tether (USDT).

  • NAGAX will launch its social trading platform in early March

NAGAX, a social trading platform that is scheduled to officially launch on 7 March 2022, has announced an official pre-registration period starting today, 17 February until its mainnet launch.

The Naga coin platform said in a press release shared with CoinJournal that the pre-registration or whitelisting period will allow interested investors an opportunity to be among the very first to experience the platform’s features.

Three promotions, $35,000 up for grabs

The whitelisting period comes loaded with a giveaway of up to $35,000, which will run in three promotions for the entire promotional period.

In the first promotion, participants will have a chance to win USDT worth $10,000 shared between the three winners. To be one of those to win $5,000, $3,000, or $2,000, participants need to sign in on NAGAX and get an ID. Afterward, you only need to promote NAGAX’s upcoming launch using a crypto-related Telegram group or social media account.

Share details of the NAGAX ecosystem and launch date, including its Telegram channel and official website, attach the screenshot of your promotion, and submit these via this Google form. 

Pre-registering on the NAGAX platform puts users into the second promotion, where the first 10,000 people will be eligible for a draw in which five winners will each receive $1,000.  

In the third promotion, the first 2,000 pre-registered users will each get $10 in Bitcoin (BTC), according to the announcement. 

What’s NAGAX?

NAGAX is a social trading platform and crypto wallet solution set to launch on 7th March, NAGAX. It supports 100 digital assets, offers more than 700 crypto trading pairs and derivatives trading. 

The NAGAX wallet supports 20 blockchains and offers next-level private key security and storage.

For investors looking to buy cryptocurrencies on the platform, payment options include credit card and bank transfer.

The platform plans to evolve further, providing a Web3 experience that will add to the spot and futures trading with other products such as staking, launchpad, and an NFT marketplace

The post NAGAX announces whitelist period with $35,000 in pre-launch promotion appeared first on Coin Journal.

Veröffentlicht am

You can now buy Mirror Protocol, which gained 18% in 24 hours: here’s where

Mirror Protocol is a synthetic assets protocol built by Terraform Labs on the Terra blockchain. Its native token MIR has added almost a fifth to its value today. This article explains what Mirror Protocol is, whether it’s worth buying, and where to buy Mirror Protocol.

Top places to buy Mirror Protocol now

As MIR is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MIR using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MIR right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for MIR

Now that you’re connected, you’ll be able to swap for 100s of coins including MIR.

What is Mirror Protocol?

Mirror Protocol is a decentralized ecosystem, where token holders govern the on-chain treasury and code changes. Mirrored assets are blockchain tokens that behave like „mirror“ versions of real-world assets by reflecting the exchange prices on-chain.

They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency.

Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

Mirrored assets provide the advantages of fractional orders, global access, and order execution in almost real time. They allow global accessibility without entry barriers.

To execute a fractional order in traditional finance, you bundle several to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time.

With Mirror, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.

Should I buy Mirror Protocol today?

Take the time to read at least several price predictions. MIR is a volatile investment as its price can swing in an unpredictable direction.  

Mirror Protocol price prediction

Gov Capital’s one-year MIR forecast is $4.63, up from $1.54 at the moment. Price Prediction is less bullish, predicting an increase of the price of Mirror Protocol to $1.83 this year. In 2023, they predict one MIR will trade for at least $2.67.

The Mirror Protocol price can reach a maximum of $3.24 that year. In 2024, it will be worth at least $3.68 according to the analyst. They expect the price of 1 MIR to reach at least $5.36 in 2025.   

Mirror Protocol on social media

The post You can now buy Mirror Protocol, which gained 18% in 24 hours: here’s where appeared first on Coin Journal.

Veröffentlicht am

Higher interest rate concerns put a dampener on Bitcoin, says analyst

Market’s speculation of the US Federal Reserve’s interest rate hikes continues to hinder Bitcoin, according to Marcus Sotiriou of GlobalBlock.

Bitcoin continues to hold above $43,000 after a recent uptick in prices. However, the bellwether cryptocurrency “remains hesitant,” to make a major move upwards, suggests an analyst with UK-based digital asset platform GlobalBlock.

And he points to market concerns over higher interest rates as one of the factors to put a dampener on the flagship cryptocurrency’s chances of further gains.

In a note shared with CoinJournal in which he comments on various Bitcoin-related news events this week, Marcus Sotiriou points to data showing Bitcoin’s latest upside to have been fueled by an uptick in the futures market. He notes that the recent rally had its legs propped by the derivatives markets while spot sold-off.

The aggregated Cumulative Volume Data (CVD) for spot and the futures market shows that the latter has posted a significant surge in recent weeks while spot volumes continued to stagnate.

“This suggests that this price rise was driven by speculation or hedging, rather than genuine demand,” he noted.

As the broader market watches out for the language in the US Federal Reserve’s minutes from the January 25th-26th policy meeting, Sotiriou says the contents could provide an “insight” into the Fed’s thinking on interest rates.

While he thinks the market is unlikely to be “shocked” by today’s FOMC minutes given investors have already priced in the March rate hike, concerns remain around just how aggressive the Fed will be going.

Despite these concerns, Sotiriou says increased investment into the crypto sector by major financial institutions is a positive indicator of a possible rebound. 

Such companies include Singapore’s DBS that plans to launch a crypto trading service for retailers by the end of 2022, and Fidelity, which just launched an exchange-traded product (ETP) in Europe.

Bitcoin currently trades around $43,630, nearly 1% lower in the past 24 hours. The cryptocurrency looks to be mirroring the US stock market, which has the S&P 500 and Nasdaq down by 0.76% and 1.31% respectively.

The post Higher interest rate concerns put a dampener on Bitcoin, says analyst appeared first on Coin Journal.

Veröffentlicht am

RCMP orders blacklist of 34 crypto wallets: report

2 RCMP on horse back

The police order, Counter Signal reports,  is part of the government’s “emergency” measures and puts over 25 Bitcoin, or roughly $1.4 million at risk of being blocked to the truckers’ access.

Canada’s Royal Canadian Mounted Police (RCMP) has reportedly ordered all FINTRAC regulated companies in the country to cease all business transactions with 34 cryptocurrency wallets, following an order from the government.

According to a report covered by the media platform The Counter Signal, the blacklisted crypto wallets are allegedly linked to the Freedom Convoy in Ottawa.

“The Ontario Provincial Police and Royal Canadian Mounted Police are currently investigating cryptocurrency donations being collected in relation to illegal acts falling under the scope of the Emergency Measures Act,” Counter Signal quotes the RCMP order.

The order then mentions the Emergency Economic Measures Order and states that 29 Bitcoin addresses, 2 Ethereum addresses and one each involving Cardano, Monero, and Litecoin should cease all transactions as stipulated Emergency Act, subsection 19(1).

 “Any information about a transaction or proposed transaction in respect of these address (es), is to be disclosed immediately to the Commissioner of the Royal Canadian Mounted Police, at CryptocurrencyNHQ-CryptomonnaieDG@rcmp-grc.gc.ca,” the RCMP order continued.

As noted by Counter Signal, the listed wallets have accounted for transactions ranging from $0 to $1.1 million. Around 25 bitcoins worth $1.4 million are likely to be affected if the order is effective, said the report.

The Freedom Convoy’s protests have stretched the past 18 days, with truckers blocking highways in Ottawa amid a tough stance from Canada’s Prime Minister Justin Trudeau.

According to local news, the Ottawa Police Service has spent more than $14.1 million on efforts to bring the protests to an end.

The post RCMP orders blacklist of 34 crypto wallets: report appeared first on Coin Journal.

Veröffentlicht am

Bybit signs record-breaking $150M deal with Redbull’s F1 team

  • Red Bull’s Max Verstappen won the F1 title in 2021

  • The record-breaking deal will also see Bybit work with Red Bull Racing on fan tokens and blockchain education programs.

Bybit has announced a multi-year sponsorship deal with Oracle Red Bull Racing, becoming the Formula One team’s first-ever ‘Principal Team Partner’.  

ByBit also becomes the F1 team’s official ‘Cryptocurrency Exchange Partner’ and will help further several collaborations that promote fan engagement and crypto adoption.

The deal will see Bybit pour $50 million per year for three years into the sponsorship with Red Bull Racing, bringing the multi-year layout to $150 million. According to a statement from the partners, the record-breaking deal will be paid in both cash crypto (BitDAO’s governance token BIT).

Bybit’s deal with Redbull comes hot on the heels of a most dramatic title-deciding race for the racing team’s Max Verstappen. The 2021 F1 champion won the Abu Dhabi Grand Prix on the last lap of the last race of the season, capping Redbull’s 11 wins and 10 pole positions season in style.

Ben Zhou, co-founder and CEO of Bybit said:

“Oracle Red Bull Racing’s unique energy and creativity inspires us. The team has changed the game in the same way that digital assets have changed the global financial system.”

The partnership will include collaborations of projects that involve NFT activations, issuance of social tokens, and the promotion of blockchain technology education and adoption for positive change and financial inclusion.

The two partners will also work to promote and support women in blockchain, according to a press release published on 16 February.

Biggest sports crypto-related deal?

The three-year deal is currently the largest per annum of all the sports deals sealed by crypto companies date.

For comparison, Crypto.com’s mega $700 million naming rights deal for the Staples Center (now Crypto.com Arena) involves $35 million per annum over 20 years. 

Algorand’s $100 million deal with Drone Racing League will see $25 million invested per year over 5 years.

The post Bybit signs record-breaking $150M deal with Redbull’s F1 team appeared first on Coin Journal.