Schlagwort: crypto business

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Bitcoin eyes $70k as Piggy Bankster launches in 26 hours

Key takeaways

  • Bitcoin is trading above $69k once again and is now targeting the $70k psychological level. 
  • Piggy Bankster is scheduled to launch on the Solana blockchain tomorrow

Bitcoin targets $70k

The cryptocurrency market is having a positive start to the week, with BTC and other major altcoins performing well. At press time, the price of Bitcoin stands at $69,070, up by more than 1% in the last 24 hours.

With the broader market performing well so far, BTC could target the $70k psychological level in the near term. 

Piggy Bankster prepares for launch

The cryptocurrency market has had an excellent run year-to-date, with most coins and tokens up by more than 50% during that period. As more investors troop into the market, exciting projects continue to emerge.

One project that is set to launch on the Solana blockchain this week is Piggy Bankster, a pig gangster-themed meme coin. 

The Piggy Bankster ($PIGS) launch is scheduled for June 4, 2024, and according to the development team it will be designed as a fair launch on the Solana network, allowing investors to acquire the token from the outset without any tiered price increases.

The total supply of Piggy Bankster tokens is set at 100,000,000 $PIGS, with 100% of this supply being allocated to the liquidity pool. The mem ecoin’s initial liquidity stands at $12,000, with a starting price of $0.00012 per $PIGS. 

What is Piggy Bankster? The new Solana meme coin

With the Piggy Bankster launch just a few hours away, now’s the time to find out more about this project. Piggy Bankster is a meme coin on the Solana blockchain. However, while the meme coin space is dominated by Dog, Frog, and Cat characters like Dogecoin, Shiba Inu, Pepe, and Popcat, Piggy Bankster is introducing something fresh to the ecosystem.

It is a pig gangster-themed project represented by a pig nicknamed Piggy Bankster. According to their official website, Piggy Bankster struggled his way out of the slums of Swine City and reached the top of the criminal underworld.

Piggy Bankster is a crime boss who only appears on-chain donning a pin-striped suit. Piggy has, does, and will blast anyone in his way and is notorious for his ruthlessness. The pig values loyalty above all and looks after those who serve him faithfully.

Piggy Bankster’s launch comes at a time when meme coins are experiencing massive adoption in the crypto ecosystem. At the moment, there are seven meme coins in the top 100 list, including Dogecoin, Shiba Inu, Pepe, Book of Meme (BOME), Dogwifhat (WIF), Bonk, and Floki.

Solana has become home to some of the leading meme coins thanks to the network’s speed and transparency. Piggy Bankster is now looking to leverage Solana’s features for its $PIGS token. 

You can learn more about the Piggy Bankster project from their website or follow their social media activities on X and Telegram.

The post Bitcoin eyes $70k as Piggy Bankster launches in 26 hours appeared first on CoinJournal.

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OKX expands crypto exchange services to the Netherlands

  • OKX has launched its Web3 wallet and crypto exchange service in the Netherlands.
  • The exchange will offer spot trading, crypto convert and other services, with support for 150 cryptocurrencies.
  • OKX holds regulatory approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands.

Crypto exchange OKX has officially launched its Web3 wallet and exchange platform in the Netherlands.

The expansion brings OKX’s crypto services, including spot trading, to the exchange’s customers in the country, according to an announcement published on Monday, June 3.

OKX to support over 150 cryptocurrencies

According to the CEX platform, Dutch customers can now spot trade (buy and sell) as well as convert over 150 cryptocurrencies. Customers will have access to up to 60 euro-crypto trading pairs.

OKX has integrated with iDeaL, a local payment platform, for deposits and withdrawals in EUR. Users will also enjoy free, instant deposits via the popular online payments system.

The exchange has also announced support for deposits and withdrawals via the Single Euro Payments Area (SEPA).

As well as the spot trading feature, OKX users in the Netherlands can now tap into the growing world of crypto via the Web3 wallet. Customers will have “full custody of their own crypto.”

Meanwhile, the digital asset platform plans to leverage its global technical and product knowledge expertise to provide customers access to more trading tools.

Regulatory compliance

OKX, which has secured key regulatory approvals across various jurisdictions, plans to ensure its operations remain compliant to local and regional laws and requirements.

“We’re hard at work building around the world to bring our community a powerful, customized product. We’re also steadfastly dedicated to compliance and security and believe the future of crypto is regulated,” Erald Ghoos, the general manager of OKX Europe, said.

Ghoos noted that the company currently offers its CEX services in Europe in accordance with the crypto service provider registration by De Nederlandsche Bank (DNB), the country’s central bank.

OKX also holds a crypto asset service provider license in Malta.

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Binance to delist OMG, XEM and WAVES; token prices tumble

  • Binance announced the delisting of OMG Network, NEM and Waves coins on June 17, 2024.
  • The exchange will end support for withdrawals on September 17.

Binance has announced the delisting of four altcoins, news that has seen the said tokens nosedive amid market reaction.

The exchange notified the crypto community of the impending delisting on Monday, June 3, with OMG Network price falling sharply alongside that of the other tokens.

Binance delists XEM, OMG and WAVES

According to Binance, trading support for the four altcoins will cease on June 17, 2024, at 03:00 (UTC). Specifically, the exchange will end support for spot trading pairs for OMG Network, NEM, Waves and Wrapped NXM.

The action against the four cryptocurrencies follows internal reviews that target adherence to industry standards and requirements.

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” the exchange wrote in the announcement.

Per the notice, reviews involve factors such as team’s commitment to the project, development activity, trading volume and liquidity and network security.

Binance also regularly reviews projects in terms of their smart contract stability, level of public communication and new regulatory requirements among other factors.

Key details

According to the exchange, the trading pairs to be removed include MG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT.

Withdrawals will halt on September 17, 2024 at 03:00 (UTC).

Binance has previously announced delistings for tokens such as Monero (XMR), Aragon (ANT) and Multichain (MULTI) based on such due diligence.

OMG, XEM and WAVES tumble

OMG Network, (OMG), Waves (WAVES), NEM (XEM) and Wrapped NXM (WNXM) are all down as the altcoins tumble amid the major announcement from Binance.

According to data from CoinGecko, OMG Network price was down 27% to near $0.50, while NEM traded 30% down at $0.025. Meanwhile, WAVES, which traded at highs of $4.81 in mid-March, was down 27% to around $1.70.

Wrapped NXM slipped nearly 5% after the news to hit $80.75 at the time of writing.

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Notcoin hits new high as Piggy Bankster aims for dominance

  • Notcoin surged to a new all-time high above $0.2, with trading volumes spiking on Binance, OKX and Bybit.
  • Piggy Bankster (PIGS) is the new memecoin on Solana that’s creating a huge buzz today.
  • PIGS is set for a fair launch on June 4, priced at $0.00012.

Notcoin (NOT) began June with a bang, soaring amid a wave of interest across the crypto market.

Today, the Telegram-linked token reached a new all-time high above $0.2 as trading volumes more than doubled. Yet, with Notcoin dominating the trading market, the hot trend among memecoins has investors’ sights set on Piggy Bankster (PIGS).

Here’s why the soon-to-launch Solana memecoin could be the one to watch this week.

Notcoin surges amid new interest in tap-to-earn coin

Notcoin’s entry into the market was as a viral tap-to-earn Web3 application on Telegram. The launch on leading exchanges in mid-May saw its massive community push NOT into the top 100 by market cap.

This week, the Notcoin team announced the project’s quest to shift focus away from being just a mining app. With aspects such as Notcoin Explore, Games and Contests, it’s growth that will provide more value to NOT holders.

It’s an announcement that seems to have provided new impetus for Notcoin price, with today’s 59% spike seeing its market cap rise to nearly $2 billion.

As the strategic shift eyes more for users of the tap-to-earn game, interest in the token has surged. Recently, Notcoin noted it had surpassed Shiba Inu, Bonk and Pepe in on-chain holders.

On June 2, traders positioning for potential gains pushed daily trading volume up by more than 283% to over $2.1 billion. CoinMarketCap data shows NOT outpacing top coins in 24-hour volume on Binance, OKX and Bybit.

Piggy Bankster (PIGS) – the next big memecoin on Solana?

Solana’s recent momentum slowed as Bitcoin and Ethereum pared gains, and as memecoins took the market by storm amid huge events around crypto and the US political landscape.

US President Joe Biden’s vetoing of a crypto bill that would have allowed highly regulated US financial firms to custody Bitcoin and crypto contrasts sharply with former President Donald Trump’s pro-crypto stance. Indeed, Trump has become the first US President to accept Bitcoin Lightning payments for his campaign donations.

This sets the upcoming election as probably the first crypto election, with politics dominating new memecoin sensations like MAGA (TRUMP) and Super Trump (STRUMP).

Amid this, analysts are bullish on Bitcoin, Ethereum and Solana. For Solana, its memecoins ecosystem is currently hot with WIF, BONK and MEW among other. However, the next big thing could be Piggy Bankster (PIGS).

What to know about Piggy Bankster’s tokenomics

PIGS is the new pig-themed memecoin poised to go live via a fair launch this week – on June 4, 2024.

Piggy Bankster will have all 100 million tokens available to the community in a sale priced at $0.00012 per token. The transparency and equitability that a fair launch offers has Piggy Bankster already hailed as a winner ahead of its launch.

As highlighted, Piggy Bankster is set to launch with a full 100 million PIGS as the circulating supply. This gives the project an advantage – not just the community-driven approach, but also that price discovery will follow as the market opens.

Investors likely to have missed Notcoin may find PIGS’ $0.00012 price a lot more attractive as an entry point.

Learn more about Piggy Bankster’s upcoming launch here.

The post Notcoin hits new high as Piggy Bankster aims for dominance appeared first on CoinJournal.

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Joe Biden has vetoed bill aimed at overturning SEC crypto accounting standards

  • Biden vetoes bill targeting SEC crypto rules, citing concerns over regulatory authority.
  • Crypto industry criticizes Biden’s decision, calls it setback for innovation and financial freedom.
  • The veto raises questions about Biden’s stance on crypto regulation and engagement with industry.

U.S. President Joe Biden has taken a decisive stance in the ongoing debate surrounding cryptocurrency regulation by vetoing the bill that aimed at overturning a Securities and Exchange Commission (SEC) regulation regarding crypto accounting standards.

The regulation in question, known as SAB 121, set specific guidelines for firms holding cryptocurrency assets, requiring them to record these assets as liabilities on their balance sheets.

Joe Biden upholds SEC’s authority over accounting practices

In an official statement dated May 31st, President Biden emphasized the importance of maintaining the SEC’s authority over accounting practices, stating that a reversal of the SEC’s decision could potentially undermine broader regulatory efforts aimed at protecting consumers and investors.

Biden’s veto underscores his administration’s commitment to implementing regulatory guardrails that ensure the safety and stability of financial markets while also acknowledging the potential benefits of crypto-asset innovation.

As previously reported, the bill, which sought to repeal the SEC’s cryptocurrency accounting guidelines, had garnered bipartisan support in both the House and Senate.

However, despite the House passing the measure with a 228-182 vote and the Senate voting 60 to 38 in favor of the repeal, the veto requires a two-thirds majority from both houses to be overturned.

Backlash over Biden’s decision to veto the bill

The decision to veto the bill has sparked immediate backlash from various quarters, particularly within the cryptocurrency industry.

Critics argue that the veto represents a setback for innovation and financial freedom, with some describing it as a “slap in the face” to those advocating for a more flexible regulatory approach.

The Blockchain Association, a prominent crypto advocacy group, expressed disappointment with the administration’s decision, highlighting the bipartisan consensus reached in both chambers of Congress.

Similarly, Cody Carbone, Chief Policy Officer at the Digital Chamber, disparaged the veto, emphasizing its potential chilling effect on innovation within the crypto space.

The veto has also raised concerns within the crypto community regarding the administration’s stance on cryptocurrency regulation.

Despite speculation that the Biden campaign had been engaging with crypto industry stakeholders to adopt a more pro-crypto stance, the veto suggests a different approach.

In response to the veto, Moe Vela, a senior advisor to Unicoin and former senior advisor to Biden, called for a more nuanced discussion on the integration of crypto into the financial system, urging both candidates to articulate their perspectives and plans for the future of crypto regulation.

Sheila Warren, CEO of the Crypto Council, expressed displeasure with the veto, suggesting that publicly stated positions on crypto regulation could be difficult to walk back once articulated.

As the cryptocurrency regulation debate continues in the U.S., all eyes now turn to both houses to see whether they can raise a two-third majority too overturn the president’s veto.

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