Schlagwort: crypto business

Veröffentlicht am

DOGE eyes $0.2 following Elon Musk’s comment as Memeinator’s presale approaches $7m

Key takeaways

  • DOGE is approaching the $0.2 mark following Elon Musk’s recent speech.

  • The Memeinator presale will conclude in the next round and has raised nearly $7 million so far.

DOGE approaches $0.2

DOGE, the leading memecoin in the world, has been performing well over the last few days. The coin has added 25% to its value so far this week and could rally higher in the coming days.

At press time, the price of Dogecoin stands at $0.1858, up by 8% in the last 24 hours. The positive performance comes after Elon Musk revealed that his electric car company Telsa will enable DOGE payment in the future. 

Musk added that Bitcoin has been getting support from the rich in recent months but Dogecoin remains the coin of the people. 

What is Memeinator?

Following Musk’s comment, investors would be paying even closer attention to memecoins. One of the memecoins that could grab the attention of investors is Memeinator.

This project is unique in that it offers a use case that is currently not available to content creators. It is a Web3 project still in its presale stage, meaning its token price is relatively low. 

The project seeks to provide service to content creators who use memes. In the whitepaper, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space. 

Memeinator will launch as a meme coin to take advantage of the recent growth in trading volume and popularity of meme coins. The team wants Memeinator to reach a market cap of $1 billion, making it one of the leading meme coins in the crypto space. 

The main function of the Memeinator tool is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders. 

Memeinator presale raises over $6.5 million

The Memeinator presale is ending in the coming days or weeks. The project has raised $6.6 million so far and is currently in the 19th stage of the presale. According to the team, the presale will end in the 20th stage. 

The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0276. The price will rise to $0.0292 by the end of the presale, giving early investors a massive ROI at listing. 

Investors can purchase the MMTR token with relative ease. It can be purchased using ETH, USDT and USDC stablecoins. According to the team, the MMTR token will only be available on the BNBChain and Ethereum networks once it starts trading on crypto exchanges.

Click here to read more about the Memeinator presale.

Should you buy MMTR as the presale approaches the end? 

The Memeinator team has revealed that there is only one presale stage left. So far, it has raised $6.6 million of the required $7.1 million in the current presale stage. 

The Memeinator presale is selling fast, thanks to the unique value proposition the project offers to investors and the ongoing Bull Run. The tool will offer excellent value to investors as it will help eliminate worthless memes. MMTR will power various activities within the ecosystem. 

Most of the funds raised in the presale will be channelled towards developing the Memeinator AI technology. This technology will see Memeinator leverage AI to analyse and evaluate memes on the internet. 

In terms of tokenomics, the Memeinator team has allocated 20% of the total token supply to marketing, CEX listing and liquidity. With the right level of adoption and the ongoing Bull Run, Memeinator could become a major winner in the medium to long term. 

The post DOGE eyes $0.2 following Elon Musk’s comment as Memeinator’s presale approaches $7m appeared first on CoinJournal.

Veröffentlicht am

Bitcoin Dogs exchange listing nears as total raised nears $11M

Bitcoin Dogs has become one of the most successful Initial Coin Offerings (ICOs) of the year. After launching three weeks ago, the developers have now raised over $10 million as they prepare to launch it in key exchanges on Thursday. This article explores why Bitcoin Dogs has become so successful and what to expect ahead.

Bitcoin Dogs token sale soars

Bitcoin Dogs has become one of the best-performing token sales of the year as the developers succeeded in raising almost $11 million from investors. It has passed other popular token sales of the year like AltSignals and Memeinator. You can buy the $ODOG token here.

There are three main reasons why Bitcoin Dogs has outperformed other token sales this year. First, it is a pioneering platform that seeks to disrupt the blockchain industry by becoming the first ICO on the Bitcoin network.

This is a big issue considering that demand for Bitcoin-related assets has jumped sharply in the past few months. For example, Bitcoin Ordinals have become the fastest-growing players in the Non-Fungible Token (NFT) industry.

Similarly, Stacks, a platform that provides layer-2 solutions for Bitcoin’s ecosystem has become a leading player in the industry. Its token has more than doubled in the past few months. 

Second, Bitcoin Dogs has an ambitious plan to dominate the cryptocurrency industry. According to its white paper, Bitcoin Dogs will create utility for the toke by having several features like a 10k NFT collection and a game. 

Also, it has gained traction because of its dogs name, which many people associate with meme coins. Most meme coins, including the likes of Dogelon Mars, Floki Inu, and Pepe have all surged hard in the past few months. As a result, the total market cap of all meme coins has surged to over $65 billion.

Crypto bull run

Finally, Bitcoin Dogs has raised so much money as the crypto bull run gains steam. The most recent data shows that Bitcoin has soared to over $73,000 while the total market cap of all coins has jumped to over $2.7 trillion. 

Bitcoin’s performance has been remarkable considering that it was trading at less than $1 15 years ago. This makes it one of the top-performing assets in the world. It has beaten the popular stock indices like the S&P 500 and Nasdaq 100.

In most cases, investors tend to move into other cryptocurrencies Bitcoin is soaring because of the Fear of Missing Out (FOMO). 

Therefore, there is a likelihood that the Bitcoin Dogs token price will rally after being listed by leading exchanges like Binance, OKX, and Kraken.  

Still, like all pre-sale tokens, there is a risk involved when investing in cryptocurrencies. As a result, you should only invest funds that you can afford to lose and embrace the best risk-management strategies like having a stop-loss and a take-profit.

The post Bitcoin Dogs exchange listing nears as total raised nears $11M appeared first on CoinJournal.

Veröffentlicht am

EU publishes final draft rules on complaints handling for stablecoin issuers

  • The European Banking Authority (EBA) published the draft rules on complaints handling procedures for issuers of Assets Referenced Tokens (ART) on March 13.
  • EBA collaborated with the European Securities and Markets Authority (ESMA) to draft the regulatory technical standards (RTS).
  • These regulatory standards are part of MiCA provisions on stablecoins.

The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.

EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA).

“In order to avoid diverging complaints handling procedures among issuers of asset referenced tokens and third-party entities, complainants should be able to file their complaints using a harmonised template valid for complaints handling procedures with issuers of asset-referenced tokens irrespective of where the issuer is established or where the token was distributed,” the EBA draft reads.

RTS will help ensure that the EU has “effective and transparent procedures for the prompt, fair and consistent handling of complaints.” It’s also for a level playing field in terms of handling the complaints across the EU.

MiCA provisions

The regulatory standards are part of the mandate for the European Banking Authority (EBA) as stated in Regulation (EU) 2023/1114 of the EU’s Markets in Crypto-Assets (MiCA) law.

MiCA became effective in the EU on June 29, 2023. One of its provisions was for EBA to draft rules related to Asset-Referenced Tokens, or stablecoins pegged to more than one fiat currency or cryptocurrencies.

EBA said in a press release published on Wednesday that a public consultation on the draft RTS happened between July 12 and October 12, 2023.

The draft standards will now go to the European Commission, the European Parliament and finally the European Council before their publication in the Official Journal of the European Union.

MiCA provisions on ART will apply from June 30, 2024.

The post EU publishes final draft rules on complaints handling for stablecoin issuers appeared first on CoinJournal.

Veröffentlicht am

Dencun upgrade goes live on Ethereum mainnet

  • Ethereum’s Dencun upgrade went live on the mainnet on March 13, 2024 at 13:55 UTC.
  • The upgrade introduces “blobs” which will see a significant reduction in transaction fees for Layer-2 protocols.

Ethereum core developers have activated the Dencun upgrade on the mainnet, with the highly anticipated implementation rolling out at epoch 269568 at 13:55 UTC. 

Dencun had previously successfully deployed on the Holesky testnet in February.

Dencun upgrade is live

The upgrade introduces “blobs,” with the EIP-4844 set to see a significant decrease in transaction fees for Layer 2 protocols.

Ethereum and several L2 tokens surged earlier in the week as the Dencun upgrade approached. While prices have slightly retreated in the last 24 hours, the community is super bullish on what this hard fork means for the broader Ethereum ecosystem.

The last time the community vibe has been this positive was during the previous two major upgrades – the Shanghai upgrade in April 2023 and the Merge in September 2022.

Implementation of the Shanghai upgrade on the mainnet enabled ETH holders to unstake their tokens for the first time since deposits opened ahead of the Merge. Dencun’s rollout brings data blobs to the mainnet, with proto-danksharding set to enhance data availability and help cut transaction fees for L2s.

Users across Base, Arbitrum One, Optimism, zkSync and Starknet among other L2 platforms will benefit from this reduction. The Arbitrum team posted on X:

The post Dencun upgrade goes live on Ethereum mainnet appeared first on CoinJournal.

Veröffentlicht am

Thailand approves tax exemption for crypto earnings

  • Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post.
  • New measures take effect on January 1, 2024.
  • Thai government expects to raise 18.5 billion baht from token investment fundraising. 

Thailand has approved a tax exemption targeted at crypto holders as the country looks to promote fundraising through investment tokens.

Local news outlet Bangkok Post reported on this earlier today, March 13, 2024.

Thai’s new crypto tax measures

Specifically, the Thai cabinet approved the new tax measures aimed at crypto earnings on Tuesday, March 12, 2024. 

With the nod, earnings from crypto tokens held as investment tokens do not have to be included in the calculation of an individual’s personal income tax. Such individuals who already have the 15% withholding tax added can exclude the crypto earnings from this income tax calculation.

According to Kulaya Tantitemit, Thailand’s revenue authority, the tax measures are effective January 1, 2024.

The tax breaks are also targeted at token issuers. Already, measures announced last week had provided a corporate income tax and value-added tax (VAT) waiver for issuers of investment tokens. Those measures combined with the latest cabinet nod will help push the country to the forefront as a global hub for investment fundraising, authorities said.

Thailand expects about 18.5 billion baht (about $519 million) in token investments over the next nine months, the Thai Securities and Exchange Commission (SEC) said.

The post Thailand approves tax exemption for crypto earnings appeared first on CoinJournal.