Schlagwort: crypto business

Veröffentlicht am

Validation Cloud raises $5.8M to power enterprise adoption of Web3

  • Validation Cloud announced it secured $5.8 million in a funding round led by Cadenza Ventures.
  • The Switzerland-based company will use the funding to accelerate adoption of its infrastructure to help with enterprise adoption of Web3.

Validation Cloud, a Switzerland-based Web3 data streaming and infrastructure firm, has secured $5.8 million in a funding round led by Cadenza Ventures.

This is Validation Cloud’s first external financing round and funds raised will go towards promoting global enterprise adoption of Web3.

According to details in a press release, the oversubscribed round also attracted the participation of prominent global venture firms, including Blockchain Founders Fund, Blockwall, Bloccelerate, Side Door Ventures, GS Futures, Metamatic and AP Capital.

Validation Cloud to help Web3 enterprise adoption

Zug-based Validation Cloud is one of the leading providers of high performance, scalable products in staking, node and data to clients across the globe.

The company’s team include pioneers in proof-of-stake, validation cloud who have built for global industry giants such as Uber, Deloitte, Morgan Stanley and Citadel. Other major companies include Binance, Workday, Crypto.com and R3.

Describing itself as a talent-first company, Validation Cloud has employees across the world. Its operations include providing infrastructure support to companies and platforms in their early stages of development.

Alex Nwaka, the co-founder of Validation Cloud, noted in a statement that scalable and compliant infrastructure is needed to help “onboard the influx of enterprises embracing Web3.” 

The partnership with global investors accelerates the adoption of Validation Cloud’s suite of products by networks, builders, and asset managers, he added.

Kumar Dandapani, managing partner at Cadenza, commented:

“At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”

“Cadenza is proud to lead this round and support Validation Cloud’s mission to bridge the gap between traditional enterprises and the expansive power of Web3,” Dandapani added.

Validation Cloud has partnered with established blockchain networks such as Chainlink, Stellar and Hedera, as well the emerging Aptos, Eigenlayer, and Berachain.

The post Validation Cloud raises $5.8M to power enterprise adoption of Web3 appeared first on CoinJournal.

Veröffentlicht am

BlackRock’s spot Bitcoin ETF hits a new record trading volume: Will crypto trading volume soar higher?

Key takeaways

  • BlackRock’s spot Bitcoin ETF achieved a trading volume of $1.3 billion for the second consecutive day.

  • BTC touched $57k as Bitbot’s presale approaches $750k

BlackRock’s IBIT trading volume soars higher

Bitcoin has been performing excellently since the start of the week, thanks to BlackRock’s IBIT and other spot Bitcoin ETFs. 

BlackRock’s IBIT recorded a trading volume of $1.3 billion for the second consecutive day. The ETF recorded a trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday. 

The positive performance also means that BlackRock’s IBIT was the fifth most traded among all U.S.-listed ETFs during the morning hours. The record numbers from spot Bitcoin ETFs continue to show an increasing appetite for Bitcoin by institutional investors.

The rising trading volume could also spill into the crypto market and this is where projects like Bitbot could offer excellent use cases to traders and investors. 

What is Bitbot?

To understand its value proposition to traders, we first have to know what Bitbot is and what it offers. 

Bitbot is a Web3 project that seeks to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that allows traders to gain access to some exciting features that would help them with their cryptocurrency trading journey. 

What makes Bitbot unique is that it is a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. The project is leveraging Telegram’s position as a leading social media platform for crypto users.

The team explained that the Bitbot tool will come with several high-end features designed to help traders grow their trading features. These features are usually available for institutional investors but, Bitbot will make it easy for retail traders to use. 

As the trading volume in the crypto market rises, Bitbot will seek to gain massive adoption in the market. Bitbot could provide services to retail and institutional traders in the cryptocurrency market. 

Bitbot’s unique trading features

Bitbot is a Telegram trading tool that will focus on offering tech-savvy features to ease the trading process for users. Per their whitepaper, the development team is working on some features to help traders grow their trading portfolios. 

Bitbot will focus primarily on security. It will leverage the Knightsafe feature to offer a self-custody solution, mitigating the typical risks associated with Telegram trading. Furthermore, Bitbot is also working on deploying its anti-MEV and anti-rug solutions for users to protect their assets. With these features, traders can protect themselves from bots artificially pumping transaction costs and block scam projects.

In addition, Bitbot will integrate an ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security.

To help new traders navigate the market and gain expertise, Bitbot will also launch a copy trading feature. This feature allows novice traders to copy the trades of the strongest-performing wallets based on on-chain activities.

Bitbot’s presale approaches $750k

The Bitbot presale is progressing excellently and it is currently in its fourth stage. So far, Bitbot has raised $736k of the required $862 for this stage. 

The growing funding rate shows that Bitbot is attracting interest from investors. Currently, the $BITBOT token is going for $0.0116 but is set to increase to $0.0122 once the fifth round commences.

In its whitepaper, the Bitbot development team clarified that they would hold 20% of the total token supply and would use it to fund ongoing development. Furthermore, 14% of the total token supply is allocated to marketing & CEX listings. Also, another 3% is allocated to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale.

Could Bitbot’s token soar higher after presale?

Traditionally, cryptocurrency prices tend to soar higher after presale, after getting listed on cryptocurrency exchanges. So far, Bitbot’s presale is going excellently and its token could rally higher once it gets listed on CEX and DEXs.

With the right level of adoption, Bitbot could be one of the biggest winners in this bull cycle. The project could take advantage of the rising trading volume spurred by the Bitcoin halving and other external factors in the market. 

The post BlackRock’s spot Bitcoin ETF hits a new record trading volume: Will crypto trading volume soar higher? appeared first on CoinJournal.

Veröffentlicht am

After the Bonk and Floki rally, is Memeinator the next big thing?

Cryptocurrencies continued outperforming other asset classes in the past 12 months as the industry faced numerous tailwinds. Some of these important events were the approval of the first spot Bitcoin ETFs and the rising inflows from institutional investors. Also, there seems to be robust demand for token sales, as evidenced by Memeinator, which has raised over $5 million from investors.

Meme coin tokens have surged

As a result, the total market cap of all digital currencies has surged to over $2.25 trillion, with Bitcoin having a dominant role in the industry. Other big coins like Solana, BNB, Tron, and Avalanche have also done well.

Beneath the surface, several meme coins like Bonk, Floki Inu, Dogecoin, and Pepe have seen robust demand. Data shows that the total market cap of all meme coins has jumped to over $27 billion. Most of these tokens have almost doubled this year. 

There are three main reasons why meme coins have surged this year. First, there are signs that investors have embraced a risk-on sentiment in the market. For example, in addition to cryptocurrencies, key American indices like the S&P 500 and Nasdaq 100 sit at their all-time highs.

Second, the stock and crypto fear and greed index have jumped to the extreme greed zone. In most periods, meme coins do well when a sense of greed is spreading in the market. This happens as investors embrace the so-called animal spirits.

Finally, meme coins have jumped because of the crucial role of retail traders in the market these days. Recent data shows that these traders are causing big moves in both crypto and the stock market.

For example, small companies like Bit Brother and Mullen Automotive have seen robust volume even though they have weak fundamentals. The same is happening in the crypto industry because of these meme coins’ low prices. For example, with just $50, one can buy hundreds of Bonk or Pepe coins.

Memeinator may be the next big thing

Therefore, if you missed the spectacular surge of key meme coins like Pepe and Bonk, Memeinator may be one to consider (not financial advise). 

Memeinator is an upcoming cryptocurrency that has successfully raised over $5 million in its token sale in the past few months. 

The platform aims to conquer the crypto industry by targeting three key industries: gaming, meme coin, and artificial intelligence. 

As its name suggests, and as you can read in this white paper, Memeinator aims to become a leading player in the meme coin industry. It will do that by using the power of its large community of thousands of token buyers.

It also has some AI features at a time when this technology is thriving as evidenced by the strong performance of Nvidia, Arm Holdings, and Soundhound. Most AI tokens like SingularityNET, Fetch.ai, and The Graph have all surged recently. 

Finally, Memeinator will create utility by introducing a game in the ecosystem. This is a big thing since analysts believe that the blockchain gaming industry will be worth billions of dollars in the next decade.

The post After the Bonk and Floki rally, is Memeinator the next big thing? appeared first on CoinJournal.

Veröffentlicht am

Cardano unveils Plutus V3 to empower developers 5 days to Pullix presale end

  • Cardano introduces Plutus V3 engine, enhancing smart contract functionalities
  • Cardano (DA) price has surged following the launch of the new engine.
  • PLX token presale coming to an end, with $8,242,734 raised.

Cardano, a leading Proof-of-Stake (PoS) blockchain, has unveiled its highly anticipated Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation.

At the same time, Pullix, a new DeFi protocol, is gearing up for the listing of its PLX token on two exchanges once the presale comes to an end.

Cardano’s Plutus V3 Engine

The Plutus V3 engine, introduced by Cardano, is a significant upgrade poised to enhance performance and functionality on its PoS network. The engine is designed to augment smart contract capabilities and is set to drive intrigue among developers seeking advanced blockchain solutions.

The newly launched Plutus V3 engine brings forth enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Notably, the introduction of Sum of Products (SOPs), an efficient data coding method, aims to optimize script size and boost smart contract execution speed on Cardano.

Charles Hoskinson, the founder of Cardano, has expressed optimism about the monumental steps Plutus V3 will bring to the protocol. With a focus on interoperability with other blockchains, Cardano anticipates increased adoption, governance support, and overall network scalability.

Cardano (ADA) price reaction

The unveiling of Plutus V3 has not only sparked excitement among developers but has also led to a surge in the price of ADA, Cardano’s native cryptocurrency. On February 25, ADA witnessed a notable 24% price gain, currently trading at $0.623 with a 4.88% increase in the last 24 hours.

The broader spot Bitcoin ETF hype and sentiments surrounding Cardano Plutus V3 have contributed to this positive movement.

Pullix: innovative ‘Trade-to-Earn’ platform

While Cardano pushes the boundaries of blockchain technology, Pullix emerges on the scene as a new DeFi protocol, introducing a hybrid exchange with a unique proposition — “Trade-to-Earn.” 

At the core of Pullix’s ecosystem is the native token, $PLX, empowering the community to earn a portion of the daily revenues generated by the exchange.

Pullix goes beyond traditional trading platforms by rewarding traders who hold $PLX tokens. A percentage of the daily revenues is used to purchase $PLX tokens from the open market and burn them, effectively reducing the token supply while increasing demand. This mechanism encourages users to hold $PLX, providing them with passive income, trading discounts, and exclusive rewards.

Pullix stands out with a no KYC (Know Your Customer) requirement for its traders. This crypto deposit-only system for payments eliminates the need for extensive documentation, providing a seamless experience for deposits, withdrawals, and trading conditions, including leverage of up to 1000:1.

Pullix emphasizes security with a smart contract that has successfully passed a security audit from Interfi Network. The team plans to lock the liquidity pool for 24 months after the launch, mitigating the risk of a rug pull. The roadmap outlines development plans, including presale launch, license acquisition, and the launch of PLX on various crypto exchanges including UniSwap and BitMart.

PLX token presale

Pullix is currently in the midst of the presale phase of the PLX token, offering an opportunity for early investors to secure its native token at a discounted rate. Currently in the last state christened ‘Bonus Round,’ the price is $0.14 per PLX token. 

Notably, the presale has already raised an impressive $8,242,734, with 86.6% of the total tokens already sold.

Once the presale comes to an end, investors can anticipate the listing of PLX on UniSwap on March 4, 2024, followed by a listing on BitMart on March 7, 2024. Pullix’s decision to list on both decentralized and centralized exchanges demonstrates its commitment to providing diverse trading options for the community.

To participate in the PLX token presale, visit the official Pullix website to purchase the amount of tokens you want.

Pullix token burning and revenue allocation

Pullix plans to buy back and burn PLX tokens, reducing the circulating supply and potentially increasing token value. The buy-back strategy involves allocating a percentage of net revenue, ranging from 10% on forex revenue to 30% on daily Multiples revenue.

PLX holders will have the opportunity to stake PLX tokens in Pullix’s market-making liquidity pool to earn a passive income, with interest rates ranging from 8% to 18% per annum. The interest rate is determined by the lock-up timeframe and withdrawal frequency chosen by the staker.

Conclusion

Cardano’s Plutus V3 and Pullix’s innovative “Trade-to-Earn” platform with the PLX token offer crypto investors a variety of investment opportunities.

Nevertheless, owing to the volatile nature of the cryptocurrency market, investors should exercise due diligence when investing.

The post Cardano unveils Plutus V3 to empower developers 5 days to Pullix presale end appeared first on CoinJournal.

Veröffentlicht am

AERO token skyrockets on major news for Aerodrome Finance

  • Aerodrome Finance announced the Base Ecosystem fund, led by CB Ventures, had market-acquired a position in AERO.
  • AERO price jumped more than 115% to hit an all-time high of $0.2522 on Tuesday.
  • Aerodrome Finance is a liquidity protocol on Base, an Ethereum layer-2 launched by Coinbase.

Aerodrome Finance, the largest trading and liquidity marketplace on Base, is experiencing a massive surge in buying for its native token AERO.

With its price at $0.2271 on Tuesday, the AERO token has jumped a staggering 1,225,529.89% from its all-time low of $0.00001861. Data from CoinGecko shows the cryptocurrency reached this level just four months ago on October 17, 2023.

Today’s 115% spike in AERO prices has the altcoin trading more than 175% up this past week. The 24-hour volume for Aerodrome Finance is $72 million, which represents a 2,000% jump in network activity.

Why is AERO price skyrocketing?

Aerodrome Finance’s price surge comes amid the latest news that the CB Ventures’ Base Ecosystem Fund had acquired an AERO position.

The announcement did not disclose the value of the “market-acquired” position, but the reaction to this news saw AERO price go vertical.

“The Base Ecosystem Fund, led by CB Ventures, was launched to invest in the next generation of onchain projects building on Base. We’re excited to announce that the Base Ecosystem Fund has market acquired a $AERO position. Together we’ll build the future of Base,” the Aerodrome Finance team posted on X.

Base’s DeFi TVL has surged in recent months amid growth for Aerodrome Finance.

AERO traded to its current all-time high of $0.2522 on February 27, 2024.

The post AERO token skyrockets on major news for Aerodrome Finance appeared first on CoinJournal.