Schlagwort: crypto business

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Japanese software firm, Line Corporation, to launch NFT marketplace next month

Japanese software firm, Line Corporation, has announced that it will be launching its non-fungible token (NFT) marketplace next month, 13th April.

Last year in March, Line Corporation had completed a merger with Z Holdings, Yahoo Japan, and Softbank Group with an intention of incorporating the digital world in all aspects. Following the merger, the companies started leaning towards the NFT industry with Z Holding revealing last week that it will launch a global NFT marketplace to operate in 180 countries.

Line Corporation also followed suit 13 days later by announcing that it will be launching its NFT marketplace called LINE NFT. Yesterday, LINE NFT marketplace said that it will be showcasing more than 100 different NFTs types after the launch, next month.

In addition, LINE app users will access the marketplace via the app after the launch. The launch will be featuring big Japanese entertainment conglomerates like Yoshimoto Kogyo, Japanese singer Nissy (Takahiro Nishijima), and Square Enix. Besides, Yoshimoto Kogyo Holdings Limited Edition NFT video ‘’ Yoshimoto NFT Theater’’ will also be featured during the launch.

Although LINE NFT will only operate in Japan, Z Holdings NFT marketplace (DOSI) will be launching worldwide on 19th April.

Japanese companies embracing the NFT industry

The recent announcement by LINE comes two years after the company launched a LINE Blockchain Lab. 

Japanese companies have been joining the NFT industry with the likes of Konami Holdings Corporation and Japanese entertainment company, Square Enix.

Japanese online retail, Rakuten, also said that it is planning to launch an NFT Marketplace, with plans to introduce peer-to-peer NFT services by 2023.

LINE BITMAX Wallet to be used to store NFTs

NFT sales have been gain traction day by day as more companies continue to join the NFT industry as well as others launch their Marketplaces. 

LINE app users will leverage the NFT marketplace and store their NFTs in the company’s LINE BITMAX wallet.

The post Japanese software firm, Line Corporation, to launch NFT marketplace next month appeared first on Coin Journal.

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Nayib Bukele slams the US for being ‘afraid’ of El Salvador’s Bitcoin Law

El Salvador president Nayib Bukele on Wednesday expressed disappointment at the US government for what he termed as fear of the country’s work around its Bitcoin Law.

Bukele’s comments came after news that the US Senate was set to vote on a bill touching on El Salvador’s Bitcoin adoption.

The bill dubbed “Accountability for Cryptocurrency in El Salvador (ACES) Act,“ passed the committee stage and would go to a vote before the US Senate.

‘ACES’ was introduced in February and is being fronted as a buffer against any would-be risks associated with El Salvador’s adoption of BTC as legal tender.

“Never in my wildest dreams would I have thought that the US Government would be afraid of what we are doing here,” Bukele said in a comment.

Per the legislation,  US lawmakers are ‘worried’ El Salvador’s Bitcoin Law could pose risks to the US financial system. Promoters of the bill are reportedly pushing it as part of a regulatory framework to help mitigate the potential risks, including criminal organisations and even the empowerment of China.

If voted into law, the State and Treasury Departments will be expected to look into ways to prevent such from happening.

The US Senate’s vote is yet another mark on the increasingly expanding circle of those to express concern or look to oppose El Salvador’s adoption of Bitcoin as a legal tender. The IMF and World Bank have previously spoken about it, with the IMF earlier this year asking El Salvador to “drop” its Bitcoin Law.

But despite all these, the country continues to march forward with the ‘experiment’, including the launch of a $1 billion Bitcoin bond.

The post Nayib Bukele slams the US for being ‘afraid’ of El Salvador’s Bitcoin Law appeared first on Coin Journal.

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Is Cosmos (ATOM) worth HODLING?

Cosmos Atom logo on a mobile phone screen

  • Cryptocurrencies are pumping, but ATOM is lagging.

  • ATOM’s fundamentals remain strong, and its staking rewards are above average. 

  • ATOM is trading in a symmetrical triangle, signaling a potential breakout. 

The crypto market has been pumping for the past week and is now close to testing the $2 trillion market cap. In an environment where some altcoins are up by over 50%, Cosmos ATOM/USD hasn’t moved one bit. It has lost a little bit of its value in the last 7-days. At this point, it is only natural to wonder, is ATOM worth HODLING. 

Cosmos happens to be one of the most misunderstood cryptocurrencies today. This has a lot to do with its tokenomics. Unlike Bitcoin, Cosmos is an inflationary cryptocurrency. This gives a lot of investors jitters about investing in it.

However, one thing that is often forgotten is that the real deal when holding Cosmos is staking. Cosmos happens to have some of the highest staking rewards of the major cryptocurrencies. For instance, at the moment, some exchanges are offering an APY of up to 30% for anyone staking ATOM for 120-days. This can easily offset losses from price fluctuations in between. At a time like this, when the crypto market is not fully in the clear yet, a cryptocurrency with such a high APY like ATOM is an advantage for investors. 

Besides, Cosmos happens to be one of the fundamentally strongest cryptocurrencies. Thanks to its IBC technology that is making it easy for different blockchains to communicate with each other, its ecosystem has grown exponentially, making it one of the fastest-growing crypto ecosystems in the market. 

ATOM trading in a symmetrical triangle trading pattern

Source: TradingView

ATOM is currently trading in a symmetrical triangle pattern. While this means it can break out in any direction, there is a high chance it could break out to the upside now that the broader market is turning bullish again. In such a scenario, ATOM could easily test prices above $40 in the short term.

Summary 

ATOM is trading sideways while the broader market is gaining upside momentum. However, with high staking rewards, and one of the best technologies in crypto, ATOM is a pretty good buy at current prices.

The post Is Cosmos (ATOM) worth HODLING? appeared first on Coin Journal.

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The best coins to buy with a market cap of $1billion an above

Traditionally, most people looking at the merits of a given crypto coin will focus a lot on the market cap. After all, low cap coins tend to have a lot of potentials. But there is also nothing wrong with going for coins that have market caps of $1 billion and above. Here is why:

  • Coins with $1biollion in market cap are proven and tested in the market.

  • You are likely to experience low volatility with large-cap coins.

  • Trade volume with large-cap coins is higher, so it’s easy to trade.

Well, if you have been wondering which coins are perfect above the $1 billion valuations, we have created a nice list that you can follow:

Flow (FLOW)

Flow (FLOW) is the native token for the Flow Network. The network hopes to use the power of decentralized technology to create a borderless digital infrastructure that will support the growth of innovative apps. 

Data Source: Tradingview 

The market cap for the FLOW token is just above $2 billion. The coin has also been trading for some time now, so there is enough investor activity to enhance its legitimacy. If you are looking for a long-term bet to put your money into, FLOW should be ideal.

Dash (DASH)

Dash (DASH) is an open-source, decentralized network that is looking to create fast and reliable digital payment systems. The goal for Dash is to provide the technology needed to integrate crypto into global payment systems. Its native token DASH has a market cap of slightly above $1,1 billion, and it could get bigger in the future.

Arweave (AR)

Arweave (AR) is designed to bring secure and decentralized storage support to the world. The project is seen as a very crucial part of the upcoming Web 3.0 revolution and so far, its $1 billion market cap makes it a stable and tested coin for any investor.

The post The best coins to buy with a market cap of $1billion an above appeared first on Coin Journal.

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Top 3 crypto coins in the music and entertainment niche

Blockchain technology has vast applications. Whether it’s ushering in an age of decentralized finance or providing an easy way for people to stream music, there are so many projects these days that try to leverage the power of decentralized systems. Music and entertainment, in particular, have become popular in blockchain, and here is why:

  • Decentralized systems cut off intermediaries in music distribution.

  • These systems also allow content creators to reach audiences directly.

  • The blockchain also offers several verticals for earning money from content.

For investors who want to add some music and entertainment related coins into their portfolio, here are 3 options to consider:

Audius (AUDIO)

Audius (AUDIO) is a music streaming decentralized platform designed to give creators full access to the market without going through intermediaries. Think of it as Spotify on the blockchain. 

Data Source: Tradingview 

The last few months have been quite eventful for Audius. It has seen increased growth and investment from several big-name players in the industry. The future of streaming on the blockchain is also bright, and Audius is hoping to play a key part in shaping up that future.

Ultra (UOS)

Ultra (UOS) is a blockchain-based gaming and music streaming platform as well. It is created to help creators share their games, music, and other forms of entertainment directly to customers without going through any third parties. Ultra is a fairly new project, and as such, it offers the very real potential of serious growth in the future.

Tune.FM (JAM)

Tune.FM (JAM) is a tokenized marketplace that allows musicians to stream their work and earn instant revenues. It also offers a series of tools that will make it easier for content owners to track copyrights and associated royalties within the blockchain ecosystem. Tune.FM is hoping to become the go-to platform for decentralized music sales and so far, it is slowly and surely getting there.

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