Schlagwort: crypto business

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Switzerland’s ZKB bank now offers retail customers BTC and ETH

Key takeaways

  • ZKB now allows its retail customers to buy, sell, and hold the two most popular digital assets: Bitcoin and Ethereum.
  • Despite underwhelming market performance, Poodlana is up 26% in the last 24 hours. 

ZKB now offers retail customers BTC and ETH

Switzerland’s fourth-largest bank, ZKB, now allows its retail customers to buy, sell, and hold the two most popular digital assets: Bitcoin and Ethereum. This is possible thanks to the bank’s collaboration with Deutsche Börse-owned digital assets broker Crypto Finance.

ZKB customers can now access BTC and ETH via ZKB’s existing Mobile App, eBanking, and other established channels. Furthermore, ZKB also handles the custody of crypto-assets, a service that can be offered to other Swiss banks.

What is Poodlana?

The cryptocurrency market has been largely underwhelming recently, but some gems continue to emerge. Poodlana is one such project that has been performing excellently despite the choppy market conditions. 

Poodlana is a Solana-based meme coin that aims to introduce the glamor of high fashion to the crypto world. The project promotes the ethos of community while providing utility to users.

According to their whitepaper, the Poodlana team is leveraging the breed’s popularity in Japan, Korea, and China to build a strong community for this project.

$POODL soar 26% despite bearish market conditions

$POODL, Poodlana’s native token, is one of the best performers in the crypto market. The token is up 26% in the last 24 hours, outperforming Bitcoin and other leading cryptocurrencies.

At press time, Poodlana is trading at $0.01628. The positive performance comes just a few weeks after the team raised $8 million during its public presale. The token is now live on some leading crypto exchanges, including MEXC, BingX, and Raydium. 

Currently, only the POODL/USDT pair is live on these exchanges, but they could list more pairs, such as POODL/BTC and POODL/ETH, in the coming weeks or months. 

Should you buy POODL now?

$POODL is currently one of the market’s best performers but has the potential to soar higher. The Poodlana team is working hard to introduce utility to the project as they target a market cap of at least $1 billion. 

With its huge potential, $POODL is still operating at a discounted price, and this could be one of the best times for investors to get in on this project. 

Read more about the Poodlana project here.

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Poodlana investors eye more returns amid buying opportunity

As major cryptocurrencies struggle, savvy investors know there’s an opportunity to buy low. While accumulating sats is undoubtedly a great move, the possibility of hitting a gem has traders and investors scouring the market.

Poodlana (POODL), a newly-launched cryptocurrency that captured the attention of meme enthusiasts and fashion-centric investors alike, stands out as one of the Solana meme coins that could offer a huge opportunity.

More on the project below.

Crypto losses and the likely opportunity

The current market pain isn’t the first time crypto traders are underwater on most positions. It’s also unlikely the last time many top projects will see a bounce to previous highs or surge to new highs.

What this means is that while most crypto assets continue to sink amid bearish pain, the long term view is that a recovery will happen. Bitcoin and Ethereum are top of analysts’ projections amid increased investor demand with the launch of spot exchange-traded funds. Other altcoins are also likely to bounce sharply if market conditions and catalysts align.

According to analysts at Santiment, this includes Toncoin – which has tanked 31% since news of Telegram CEO Pavel Durov’s arrest in France.  Per the Santiment analysis, traders looking for profitable deals may want to check out altcoins that have sun significantly. Such projects offer a relatively “less risky” buy opportunity.

This outlook also applies to new breakout coins, which might see a significant spike in buying activity once markets begin to rally.

What is Poodlana?

Poodlana (POODL) raised $8 million in a 30-day presale that went viral in Asia. After going live on Raydium within 60 minutes of presale closing, the project has quickly landed on crypto exchanges MEXC and BingX. POODL is also listed on CoinMarketCap and CoinGecko.

While these milestones are notable, what might set Poodlana apart from other meme coins on Solana? The potential to attract not just crypto traders, but the fashion-centric community is a plus for the new dog-themed meme coin.

As the crème de la crème of the meme fashion world, Poodlana has an upper hand over the other canine-themed tokens.

Does Poodlana offer a buying opportunity?

The advantages of having launched on the DEX and CEX platforms as indicated in the roadmap has added to community confidence. A lot of the meme coin attention is thus shifting from political tokens or PolitiFi to those with growth potential beyond the US election cycle.

Poodlana is seeing this outlook play out as the POODL token gains while most political tokens are down. If the project’s roadmap milestones such as partnerships with top industry platforms as well as in the fashion world pan out, it could be a foundation for further adoption.

Despite this bullish outlook, its worth noting that crypto and meme coins in particular are volatile and risky assets. Due diligence is always critical.

To learn more or have a glimpse into what Poodlana is, start here.

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Uniswap hit with CFTC order over illegal crypto derivatives trading

  • Uniswap hit with order by CFTC for illegal trading in digital asset derivatives
  • The decentralized exchange will pay $175,000 in civil monetary penalty and is also ordered to cease and desist from the illegal offerings.

Uniswap has settled with the Commodity Futures Trading Commission after the regulator found the decentralized exchange had violated derivatives trading regulations.

CFTC hits Uniswap with $175,000 penalty

According to the CFTC, Uniswap illegally offered access to leveraged or margined trading to retail and institutional users via a digital asset protocol on the Ethereum blockchain. The leveraged tokens on Uniswap offered access to leveraged exposure to digital assets including Bitcoin and Ethereum.

The regulator thus found the platform to have violated the Commodity Exchange Act, and has imposed a $175,000 civil penalty against the exchange.

Commenting on the penalty, CFTC said it is a reflection of the “substantial cooperation” that Uniswap Labs showed amid the regulator’s investigation.

CFTC has, however, issued a cease and desist order against Uniswap Labs.

“Today’s action demonstrates once again the Division of Enforcement will vigorously enforce the CEA as digital asset platforms and DeFi ecosystems evolve” said Director of Enforcement Ian McGinley. “DeFi operators must be vigilant to ensure that transactions comply with the law.”

CFTC’s settlement with Uniswap comes amid a fresh wave of regulatory crackdown by the US Securities and Exchange Commission. While the CFTC has said most cryptocurrencies are not securities, the SEC has taken the opposite view.

In this case, SEC has charged or issued Wells Notices to multiple crypto firms in recent months, including Consensys, Abra, Robinhood and OpenSea.

The regulator also has lawsuits against crypto exchanges Binance, Coinbase and Kraken.

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Former Mt. Gox CEO Mark Karpeles to launch EllipX crypto exchange

  • Mark Karpeles to launch EllipX crypto exchange in Europe.
  • EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch.
  • Former Mt. Gox users will get a 50% trading fee discount tied to NFTs as a goodwill gesture.

Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange, EllipX, this September in Poland.

The 39-year-old entrepreneur is determined to re-enter the crypto world with a platform designed to prioritize transparency, security, and user-friendliness, aiming to help newcomers navigate the complex world of digital assets.

According to a statement issued on X, Karpeles says that he is launching EllipX Exchange to “show that exchanges can be more secure and transparent.”

Mark Karpeles targets European users with EllipX

EllipX will initially serve European users, with plans to expand globally. The exchange will start as a crypto-only platform, with the potential to add banking and fiat services later.

Karpeles has emphasized that EllipX will fully comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA), reflecting a strong commitment to regulatory adherence in an industry where compliance is often a contentious issue.

Karpeles plans to implement regular third-party audits and involve third-party clearing houses like BitGo to ensure secure and transparent transactions.

Notably, EllipX will compartmentalize its operations, drawing inspiration from the New York Stock Exchange’s structure. This innovative approach will see the exchange divided into different entities, with a broker side dealing with customers, a matching side handling trades, and a storage side responsible for storing crypto and fiat.

This structure aims to eliminate the opacity that often plagues smaller exchanges, distinguishing EllipX from its competitors.

50% discount on trading fees for former Mt. Gox users

In a bid to rebuild trust with those affected by the Mt. Gox collapse, Karpeles is offering a 50% discount on trading fees at EllipX for former Mt. Gox users.

This discount is tied to non-fungible tokens (NFTs), dubbed ‘MtGoxNFT,’ released for Mt. Gox users a few years ago. While only a small number of the million affected users have claimed these NFTs, Karpeles hopes this gesture will help him reconnect with the community.

Karpeles will serve as the Chief Technical Officer of EllipX, overseeing all technical aspects of the exchange which aims to aims to set a new standard for transparency and security.

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0DOG and MATIC price prediction amid Polygon’s token swap

Bitcoin fell to lows of $56k again as crypto dumped amid a fresh surge in stocks.

Many altcoins are mirroring this dump, including Polygon and Bitcoin Dogs. Yet, as the market experiences new downside pressure at the start of a historically tough September, most experts are doubling down on a bounce for Bitcoin in coming months.

Is this the same outlook for Polygon price? What about the Bitcoin Dogs token?

What are analysts saying about Bitcoin (BTC)?

The latest outflows from spot Bitcoin exchange-traded funds – which recorded a net outflow of $288 million on Sept. 3 to hit a five-day streak – illustrate the robust challenge buyers face. But despite a difficult August and largely anticipated struggle in September, top analysts remain bullish on Bitcoin price long term.

In the short term, QCP Group analysts say a crucial indicator, the volatility momentum indicator, has triggered for both Bitcoin and Ethereum. According to a post on X, the crypto market is set for heightened volatility, with a potential momentum shift to the upside.

CryptoQuant analyst Crypto Dan suggests BTC could see a short term rebound if market sentiment flips positive amid the expected Federal Reserve interest rate cut in September. An opposite outcome would see the flagship cryptocurrency struggle through the remaining months of 2024.

Polygon price prediction as MATIC transitions to POL

Polygon has officially activated the MATIC to POL token migration, with POL the new native token for gas and staking on the main Polygon PoS chain.

The token migration is a 1:1 swap for MATIC to POL, which means the new token retains token supply metrics such as 10 billion total supply.

While this is a key network upgrade that has received support from major exchanges, the price reaction has been largely muted. After spiking to highs of $0.59 in August, price is down 18% in the past month to around $0.37.

Polygon MATIC 7-day price chart

In late August, analysts at Santiment highlighted that despite MATIC price declines, on-chain activity suggested a potential reversal. With daily RSI and MACD indicators pointing to bears having an upper hand, Polygon price might have to reclaim $0.40 for bulls to come into the picture.

0DOG price prediction

Bitcoin Dogs (0DOG) is the project that delivered the first ICO on Bitcoin.

The 0DOG token has been listed on major crypto exchanges MEXC, Gate.io and DEX platform Uniswap. Despite retreating from the all-time high of $0.04934 reached on Aug. 22, 0DOG price has increased more than 85% from the all-time low of $0.0063 reached on Aug. 28.

While price has dipped 8% in the past 24 hours and volume is down 35%, the overall outlook is positive. 0DOG is one of the top five trending tokens on Gate.io.

As well as the exciting prospects of landing on other top tier exchanges – Binance could be a major move – there’s mounting enthusiasm around the Bitcoin Dogs game. The platform also targets the nascent Bitcoin ecosystem with an exclusive NFTs project.

Combined with multiple potential bullish catalysts for Bitcoin in 2024 and 2025, 0DOG price could reclaim its ATH and target $0.5 and the psychological $1 in coming months.

You can learn more about Bitcoin Dogs here.

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