Schlagwort: crypto business

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Pangolin (PNG) soars, 24-hour volume up staggering 5500%

  • Pangolin, a multi-chain DEX platform, has surged to multi-month highs.
  • PNG price reached highs of $0.31 as new team outlined comeback roadmap for the DEX

Pangolin (PNG), an Avalanche decentralized exchange (DEX) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level.

PNG is the native governance token of the Pangolin DEX. It is 100% distributed to the community with no team, advisors or investor allocations. The multi-chain DEX platform launched on Avalanche in 2021.

Pangolin (PNG) price soars

PNG rose more than 200% on Friday to trade at highs of $0.31 as 24-hour trading volume jumped to over $4.7 million. The surge in daily trading volume over the past day represents a staggering 5,500% increase, according to data from CoinMarketCap.

The Pangolin market cap has jumped to over $54 million, doubling over the past 24 hours.

Why is Pangolin price skyrocketing?

Gains for PNG price almost entirely constitute this past week’s upside, with the token having struggled to break above $0.12 since December.  

As well as the price, there’s been a rise in activity for the community-driven project. DeFiLlama shows a slight pick in TVL to $31.34 million. Pangolin’s sudden price surge comes as the DEX platform’s new team announced a roadmap aimed at returning it to its “former glory.”

Part of this roadmap includes the unveiling of a new UI/UX, introduction of new pools, token listings and a PangoVerse – a social media platform earmarked for rollout within a year.

Pangolin also announced support for BridgeSwap, bringing asset swaps across Ethereum, Avalanche and Binance Smart Chain to the platform.

The post Pangolin (PNG) soars, 24-hour volume up staggering 5500% appeared first on CoinJournal.

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Reddit adds Bitcoin and Ethereum as retail interest in crypto fuels Bitbot’s presale

  • Reddit investment underlines growing retail interest in crypto.
  • Bitbot empowers retail traders with institutional-grade technology.
  • BITBOT presale has accelerated amid bullish crypto expectations.

Social platform Reddit has been allocating its excess cash to Bitcoin (BTC) and Ethereum (ETH). The revelation came after an initial public filing with the US, sending huge expectations in crypto markets. The cryptocurrency news favours Bitbot.  Bitbot’s presale, which has been in high demand, surged past $672,000 on rising demand. Optimism is that Bitbot might ride the retail interest in digital assets to attain unparalleled success.

Bitbot: The first self-custodial trading bot ignites bullish expectations

Telegram trading bots have been on the rise lately. Their ability to enable seamless buying, selling, and managing of crypto assets makes them preferable to many. As of today, the cumulative trading volume on Telegram bots has exceeded $9 billion. The volumes are not by accident.

Telegram trading bots like Bitbot pull retail and institutional investors alike. This has enabled them to have a high demand, fueling price rallies whenever they are launched.

Since launching a presale, Bitbot has drawn huge predictions as the first self-custodial trading bot. It should be recalled that successful trading bot tokens like Banana Gun and Unibot have suffered exploits. The exploit emanated from their security measures, in which users do not control their private keys and funds.

Bitbot’s bullish predictions emerge from the popularity of trading bots and its superior security measures. With a self-custodial feature, users have total control of their funds through ownership of private keys. Investors wary of the predecessors’ vulnerabilities are excited that this token fills a crucial gap and need. 

In addition to being self-custodial, vulnerability at Bitbot is prevented through continuous monitoring. The project’s security is enhanced with anti-EV Bots that continually block potential attackers. This is complemented with anti-rug features. The improved security cements Bitbot as the best Telegram trading bot, as exploits are kept at bay. 

Reddit’s investment in BTC and ETH fuels retail crypto frenzy

Reddit is a platform popular with retail traders. Notably, events like the GameStop mania and AMC stock surge were fueled by retail frenzy on Reddit. The interest in crypto, thus, elicits favourable reactions among retail investors keen on the platform’s crypto endeavours.

Although the investment amounts are stated as “immaterial,” it highlighted a belief in crypto and its future. Reddit believes blockchain and crypto carry huge potential, hinting at further exploration of the sectors. The social media giant also said it is exploring Ether and Polygon as a form of payment for some virtual goods.

Coincidentally, Bitbot stands to benefit as Reddit explores crypto. Bitbot is coined from a simple logic that retail investors need the tools and resources to succeed in trading. The platform offers institutional-grade technology and resources that retail investors lack. The aim is to equip them with the know-how in crypto markets, making the platform attractive. Reddit users, comprising the majority of the retail cohort, stand to gain the most. This sets Bitbot for potential speculation, demand, and price discovery.

BITBOT: Multiple utility token for highly profitable crypto trading

Bitbot is ready to supercharge investors’ earnings. The project is hyped for its attractive perks that include airdrops for token holders. As investors look forward to these airdrops, the platform will see increased inflows and growth.

Investors have also rushed to acquire BITBOT on presale to benefit from its revenue share program. This is where token holders are rewarded with a share of the fees charged. As the platform grows, investors benefit from increased allocations. This utility adds to a rise in the number of investors buying BITBOT for passive income.

BITBOT has also been attractive to novice investors. The platform features a copy trading function. You can copy the trades of experienced traders and learn from them. Coupled with various tools to learn about trading, novice investors face low barriers of entry. The enormous promise draws investors eager for a share of the token before it debuts on exchanges.

Should you invest in Bitbot in presale?

Bitbot’s presale occurs in just 15 stages and is currently in the 4th stage. 20,000,000 are offered, with each price stage marked with a 5% token price increase. Early presale investors benefit from the attractively priced tokens, and potential value increases after listing.

To learn more and purchase BITBOT tokens, visit the official website.

The post Reddit adds Bitcoin and Ethereum as retail interest in crypto fuels Bitbot’s presale appeared first on CoinJournal.

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Sky Mavis co-founder’s wallets hit in $9.7M ETH exploit

  • Jeffrey Zirlin said the hack compromised two of his personal wallets.
  • The breach reportedly did not impact Ronin chain’s validation or operational aspects.

Jeffrey Zirlin, co-founder of Sky Mavis, has confirmed that a hacker has compromised two of his personal wallets.

Data shared by blockchain security firm PeckShield shows that the hacker stole approximately 3,248 Ether, worth about $9.7 million. The attacker withdrew the loot from the Ronin Bridge, with transfers made to the crypto mixing platform Tornado Cash.

Zirlin, whose Sky Mavis is the firm behind popular crypto game Axie Infinity hosted on the Ronin sidechain, however noted that the attack did not impact Ronin.

“The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain,” Zirlin posted on X. 

“Additionally, the leaked keys have nothing to do with Sky Mavis operations. I want to assure everyone that we have strict security measures in place for all chain related activities.”

An exploit on Ronin in March 2023 saw hackers steal $625 million in crypto. Law enforcement and blockchain security providers later linked the attack to Lazarus Group, a North Korea-backed hacker group.

Ronin (RON) price fell sharply today following the Sky Mavis co-founder’s hack news, dipping from $3.17 to lows of $2.74. RON was down 6% in the past 24 hours. Meanwhile, Axie Infinity (AXS) near $7.78, largely flat on the day.

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StarkWare adjusts STRK unlock schedule as Bitcoin Dogs soars

  • StarkWare updates token unlock schedule as interest in Bitcoin Dogs grows
  • Bitcoin Dogs presale near $4 million milestone amid massive investor interest.
  • Bitcoin Dogs’ token $0DOG is the first BRC-20 ICO on Bitcoin.

StarkWare, the developer firm supporting the Ethereum Layer-2 protocol Starknet, has heeded to community feedback, changing the unlock schedule of allocated STRK tokens. 

As the crypto community mulls what this means for Starknet ecosystem contributors, new crypto project Bitcoin Dogs continues to dominate the presale market. With its value proposition, it’s emerging as one of the best ICO projects today.

StarkWare adjusts token unlock

On Thursday, StarkWare announced an update to the unlocking schedule for the Starknet (STRK) token – news that saw the price of recently launched token rise sharply. The platform acted after criticism over a schedule that would have seen a massive chunk of the allocated 1.3 billion STRK unlocked in April.

The new schedule significantly cuts the amount of tokens to be unlocked and charts a gradual release over the next few years.

According to the revised schedule, 64 million, or 0.64% of the initial 10 billion supply will unlock on April 15 – not the earlier planned 1.34 billion drop. StarkWare will unlock 6.4% of the allocated tokens every month until March 15, 2025.

This program will see 580 million STRK tokens allocated to early contributors and investors unlocked in 2024, compared to the 2 billion earmarked under the previous schedule. More unlocks will follow over the next three years, with 1.4 billion in 2025, 1.5 billion in 2026 and 380 million by March 15, 2027.

Starknet airdropped over 700 million STRK tokens to early users and other eligible wallets early this week.

Bitcoin Dogs presale is flying

Bitcoin Dogs launched as the first-ever ICO on the Bitcoin blockchain in mid-February – specifically on February 14, 2024.

In under a week, the project’s presale for the native $0DOG token has raised nearly $4 million from early investors. With a new era not just for gaming and NFTs on Bitcoin, but for the crypto investment space at large, the fast-paced ICO is a revelation that is sending ripples across the industry.

As the Bitcoin Dogs team notes on their website, this is a project that is more than just a new BRC-20 token. It comes packed with an entire range of offerings, including a metaverse environment where $0DOG holders can raise, trade and earn from their virtual dogs through tournaments.

Take Bitcoin’s evolving DeFi, NFT and game ecosystem and put all that into a first mover project – that’s what Bitcoin Dogs is building. The best of Tamagotchi, Axie Infinity and BAYC or Cryptopunks come alive in this digital dog ecosystem.

Eager to claim a piece of $0DOG history, crypto enthusiasts are flocking to the Bitcoin Dogs presale in packs. The ICO window is only 30 days, which means the 810 million of the 900 million $0DOG supply will be sold out by March 15, 2024.

How is the Bitcoin Dogs roadmap after presale?

According to the project’s whitepaper, any $0DOG (or “stray dogs”) left hanging after the presale closes will be burned. No hidden tokens or cliff unlocks to concern yourself with – just pure love for the digital pets that participants will have grabbed during the sale.

The era of the $0DOG then begins with official trading on exchanges after users claim their BRC-20 tokens. Product development, as highlighted in the Bitcoin Dogs roadmap, will bring GameFi on Bitcoin with an NFT debut, Beta Launch and play-to-earn partners in Q2, 2024.

More milestones for this exciting project include the much anticipated canine craze come in Q3 with the official game launch, while multi-chain support and DAO governance are planned for Q4, 2024.

Today’s $0DOG presale price of $0.0198 has already locked in gains for early buyers after the increase from the initial $0.015. Set to jump every 72 hours, $0DOG price will rise to $0.0404 during the ICO phase, indicating an early 169% advantage for stage 1 participants.

While now down by two stages, one can still position before the next increase. Learn more here.

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Kraken challenges SEC lawsuit, alleges political retaliation

  • Kraken challenges SEC lawsuit, citing political retaliation for its criticism of regulatory overreach.
  • Exchange refutes SEC’s claims, arguing assets don’t meet legal criteria, and the Howey test is not applicable.
  • CEO Dave Ripley alleges SEC lawsuit politically motivated.

San Francisco-based cryptocurrency exchange Kraken has filed a motion to dismiss a lawsuit brought against it by the US Securities and Exchange Commission (SEC). The SEC filed a lawsuit against Kraken in November 2023 alleging the exchange was operating without registration.

The move comes amid escalating tensions between regulatory authorities and the crypto industry, with Kraken CEO Dave Ripley asserting that the SEC’s lawsuit is retaliation for the exchange’s vocal criticism of regulatory overreach.

Kraken counters SEC allegations

In its motion to dismiss, Kraken refutes the SEC’s claims of operating an unregistered platform for “investment contracts,” arguing that none of the assets in question meet the legal criteria for such classification.

The exchange contends that the SEC has failed to identify any contractual agreements between Kraken users and token issuers, a requirement under established legal precedent. Moreover, Kraken asserts that crypto tokens do not satisfy the Howey test, a key determinant used by U.S. authorities to define securities transactions.

According to Kraken’s legal team, the absence of any fraud accusations further undermines the SEC’s case, calling into question the basis of the regulatory agency’s legal claims.

Kraken CEO Dave Ripley has publicly criticized the SEC, alleging that the lawsuit is politically motivated. Ripley points to the timing of the legal action, which followed Kraken’s testimony before congressional committees regarding what the exchange perceives as regulatory overreach in the crypto industry. 

This assertion underscores growing tensions between crypto innovators and regulatory authorities, with Ripley emphasizing the importance of protecting free speech and innovation in the United States.

Implications for crypto regulation

The outcome of Kraken’s legal battle with the SEC could have far-reaching implications for the crypto industry’s regulatory landscape. As government agencies seek to assert greater oversight over digital assets, exchanges like Kraken are pushing back against what they perceive as regulatory overreach. The case highlights the complex interplay between innovation, regulation, and political dynamics in the rapidly evolving world of cryptocurrencies.

As Kraken continues to challenge the SEC’s lawsuit, the crypto industry watches closely, mindful of the potential precedent-setting implications for regulatory enforcement and free expression in the digital asset space.

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