Schlagwort: crypto business

Veröffentlicht am

Moonbeam (GLMR) token rallying on news of listing on Upbit

  • At press time, the Moonbeam (GLMR) token was trading at $0.2601, up 56.29% in a day.
  • Moonbeam’s trading volume has also surged by 1937.22% over the last 24 hours.
  • Upbit Exchange has announced that it will list the GLMR token.

Moonbeam’s native token, GLMR, has surged by an impressive 56% in the last 24 hours, currently trading at $0.2601 on various spot trading platforms. This remarkable price action is generating significant buzz within the altcoin market.

What’s driving this surge is the recent announcement that GLMR is set to be listed on Upbit, one of South Korea’s leading cryptocurrency exchanges, known for its pivotal role in token expansion.

Upbit to list Moonbeam (GLMR) token

Upbit’s decision to list GLMR has far-reaching implications, given South Korea’s stature as a major hub in the digital currency trading world. This listing has ignited excitement across the crypto industry, as it opens doors to a vast and influential market.

Moonbeam, as a prominent protocol within the Polkadot ecosystem, has been on a mission to onboard highly functional decentralized applications (dApps) and establish unique reward mechanisms for early supporters. Its strategic collaborations have contributed to its rising prominence. Competing head-on with the Astar Network, Moonbeam’s listing on Upbit is expected to amplify its reach and bolster its long-term sustainability.

The persistent Moonbeam bear market

For Moonbeam enthusiasts and investors, this surge comes as a breath of fresh air. GLMR had languished below the $0.2 mark for weeks, making this sudden leap a welcome development that recovers a substantial portion of its recent losses.

GLMR’s spectacular 50.2% surge is a testament to the growing interest in Moonbeam’s potential. The forthcoming Upbit listing has ignited optimism within the cryptocurrency community, offering Moonbeam a valuable opportunity to strengthen its position in the highly competitive blockchain landscape.

As Moonbeam pushes forward with its vision of facilitating decentralized applications and rewarding early supporters, its listing on Upbit marks a significant milestone in its journey towards achieving broader recognition and adoption.

The post Moonbeam (GLMR) token rallying on news of listing on Upbit appeared first on CoinJournal.

Veröffentlicht am

Over 200,000 Chileans have signed up for Worldcoin (WLD)

  • Worldcoin (WLD) has announced that more than 200,000 people in Chile have signed up for World ID.
  • The project, co-founded by OpenAI CEO Sam Altman, has come under increased scrutiny over data collection and privacy concerns.

Worldcoin (WLD) announced on September 24 that more than 200,000 Chileans have signed up and completed verification for its World ID. The number of sign-ups for the digital identity protocol exceeds 1% of the country’s population, which stands at around 19.5 million, the Worldcoin team noted.

Amid the growing demand in Chile, Tools for Humanity – a developer group contributing to the development and adoption of Worldcoin – has added the biometric imaging devices (Orbs) to two other locations in Chile. 

Other than the capital Santiago, the iris scanners are now located in the cities of Vina del Mar and Concepcion.

Worldcoin faces regulatory scrutiny

Worldcoin, co-founded by OpenAI CEO Sam Altman and which went live in July this year, says more people are signing up with World ID as they receive “free” WLD coins. Indeed, according to details on the project’s website, over 2.3 million people have had their eyeballs scanned so far.

Altman and team maintain that the project is for a digital ID that will help people prove online that they are human – a path towards Proof-of-Personhood in a world where AI may make this difficult. Data regulators and privacy groups across several countries have, however, raised concerns about Worldcoin’s data collection.

It’s this push for more clarity on what happens to the biometric data that Worldcoin collects that has seen Argentina, France, Kenya, Nigeria, the United Kingdom, and Germany take various regulatory steps.

Kenya, for instance, suspended Worldcoin’s activities in August and had a parliamentary inquiry after thousands of people thronged the capital Nairobi to have their eyes scanned in exchange for WLD tokens. Worldcoin co-founder Alex Blania is among the project’s officials to appear before the ad hoc committee.

According to a report in the Daily Nation last week, Kenya had detained the project’s top executives only to release them after US authorities allegedly intervened.

The post Over 200,000 Chileans have signed up for Worldcoin (WLD) appeared first on CoinJournal.

Veröffentlicht am

Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

A whirlwind of price fluctuations, breakthroughs, and transformative developments shape the crypto landscape. One such development has been the recent struggles of Litecoin (LTC) juxtaposed with the promising potential of InQubeta ($QUBE).

While the LTC charts forecast a potentially tricky path ahead, all eyes are on the new ICO, QUBE, which is gearing up for a possible 6000% surge.

InQubeta ($QUBE): the AI investment revolution

Before diving deep into the Litecoin narrative, it’s crucial to introduce one of the best ICOs in 2023: InQubeta. This crowdfunding platform is setting the stage to change how we view AI-driven investment opportunities. The ethos behind InQubeta revolves around democratizing access to AI startup investments, a field historically dominated by big players. With an intention to transform the landscape and make it accessible to everyday investors, InQubeta is gearing up to be more than just another good crypto to buy; it’s an entire movement.

QUBE, with its deflationary token model, rewards investors while simultaneously introducing token burns. But what makes it truly stand out is its vision of a restructured AI investment landscape, where opportunity isn’t limited to a privileged few. 

As it readies for a jaw-dropping 6,000% surge, there’s a palpable excitement surrounding QUBE in the investment community. Its forthcoming rally is indicative of the immense faith investors have in its future and its revolutionary approach to AI investment. The resounding success of the ongoing InQubeta presale is evidence of this fact.

Litecoin (LTC): navigating the storm

Litecoin, one of the top altcoins, is currently going through a turbulent phase. After a significant breakdown near the $80 mark, it now flirts with a crucial support level at $65. Technical analysis indicates that LTC has formed a double bottom pattern, a classic chart figure often interpreted as a sign of potential trend reversal. Currently, LTC grapples with the 20-day EMA, aiming to overcome it in its quest to reclaim the lost ground.

However, the stakes are high. Litecoin is dancing at a precarious crossroads. If it manages to hold its ground above the $60 level and witnesses subsequent buying, it could reverse its recent losses and potentially regain the swing back to $80. But, on the flip side, should it slide below $60, it could be headed for a sharper decline, targeting the $50 mark.

Conclusion

As Litecoin finds itself at a pivotal juncture, its future seems uncertain. On one hand, it may reclaim its previous highs, and on the other, it may undergo further dips. This unpredictability is a testament to the volatile nature of the crypto market.

Conversely, InQubeta stands tall, not just for its presale success but for its innovative approach to AI investments.

As the crypto world evolves, the juxtaposition of these two cryptos paints a vivid picture of the industry’s dynamics – from top crypto coins facing market pressures to emerging ones like QUBE promising groundbreaking transformations. Seasoned or new crypto investors can keep a keen eye on these developments, as they could shape the contours of the crypto landscape.

For more information about InQubeta and the ongoing presale, visit InQubeta Presale or join the InQubeta Communities.

The post Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge appeared first on CoinJournal.

Veröffentlicht am

Shiba Memu (SHMU) defies gravity as hawkish Fed jitters remain

  • The Federal Reserve decided to leave interest rates unchanged.

  • It also signaled that it will deliver another rate hike later this year.

  • Shiba Memu has defied gravity by raising over $3.1 million.

Stocks and cryptocurrencies came under intense pressure this week as the Federal Reserve pointed to higher interest rates in the coming months. The Dow Jones, Nasdaq 100, and S&P 500 slipped for four straight days. Similarly, Bitcoin dropped to $26,000, down from this month’s high of almost $28,000. 

Federal Reserve decision

The main catalyst for the performance of stocks, cryptocurrencies and bonds was the latest Federal Reserve interest rate decision. In it, the bank decided to leave interest rates unchanged between 3.50% and 3.25%. At the same time, the committee hinted that it was still concerned about inflation. 

As a result, the dot plot pointed to another 0.25% hike by the end of the year. If this happens, interest rates will peak at 5.75%, the highest level in more than 23 years. The Fed is right to be worried about inflation. 

Recent data shows that the price of crude oil has continued soaring. Brent, the international benchmark, rose to $95 and most analysts believe that it is just a matter of time before it hits $100.

The price of other agricultural commodities is also rising. Live cattle has jumped by 20% this year and is sitting at the highest point on record. Cocoa, which is used to make chocolate, has soared because of low yields in Ghana and Ivory Coast. Orange juice has also soared.

Therefore, there is a likelihood that the Federal Reserve will continue rising rates in the coming months. Besides, the UAW workers are on a major strike while a long traffic jam is happening at the Panama Canal.

Shiba Memu is thriving despite risks

The actions of the Fed risks plunging the American economy into a recession. For one, the M2 money supply in the economy has dropped by more than $2 trillion in the past few months. Delinquency rates have also jumped while mortgage rates are nearing 8%.

Still, investors are still interested in Shiba Memu, the upcoming meme coin that has some AI features. Data in its website (use this link) shows that the token has already raised over $3.1 million from investors. This makes it one of the biggest winners this year

For starters, Shiba Memu aims to be a better version of Shiba Inu, the giant meme coin. It will do that by incorporating AI features that will help it in self-marketing. Therefore, if it succeeds, Shiba Memu will likely become a bigger deal than other meme coins like Dogelon Mars and Pepe, which have no major utility.

The post Shiba Memu (SHMU) defies gravity as hawkish Fed jitters remain appeared first on CoinJournal.

Veröffentlicht am

Coinbase secures registration with the Bank of Spain

  • Coinbase’s registration with the Bank of Spain marks a significant stride in its mission to provide secure and compliant crypto services to users worldwide.
  • The registration allows Coinbase to offer our full suite of products and services to retail and institutional users in Spain.
  • Spain is a member of the EU which recently adopted the Markets in Crypto Assets (MiCA) regulations.

Coinbase, a leading cryptocurrency exchange and custodian wallet provider, on September 22 announced that it had achieved a significant milestone in its global expansion strategy by securing Anti-Money Laundering (AML) registration with the Bank of Spain.

This registration enables Coinbase to offer its full range of cryptocurrency services to both retail and institutional users in Spain while complying with the country’s regulatory framework.

Coinbase in Spain

Users from Spain can now access a comprehensive suite of services provided by Coinbase, including the secure custody of crypto assets, seamless buying and selling of crypto assets in legal tender, and the trading of various cryptocurrencies against one another.

Nana Murugesan, the Vice President of International and Business Development at Coinbase, expressed enthusiasm about this achievement, highlighting its importance in supporting and growing their user base in Spain.

Coinbase’s commitment to regulatory compliance is evident in its recent accomplishments, including VASP registrations in Italy, Ireland, and the Netherlands, along with approvals and launches in Singapore, Brazil, and Canada. Collaborating with regulators worldwide is a pivotal element of Coinbase’s international growth strategy.

Coinbase’s global expansion strategy

Coinbase’s Phase II international expansion strategy focuses on obtaining licenses and registrations, customizing the user experience to meet local requirements, establishing strategic local partnerships, and strengthening operations in markets that prioritize regulatory clarity, as exemplified by Spain.

Spain has exhibited a growing interest in cryptocurrencies, with 29% of adults believing in their potential as the future of finance. Cryptocurrencies have gained popularity as a payment method, surpassing traditional bank transfers. A study by Bitnovo revealed that a significant portion of Spanish citizens view cryptocurrencies as long-term investments and a means of making payments. Furthermore, Spain boasts a thriving blockchain ecosystem, with numerous startups and a high demand for blockchain-related skills.

The adoption of the Markets in Crypto Assets (MiCA) regulations by the European Union is a pivotal moment for the cryptocurrency industry in the region. MiCA offers much-needed regulatory clarity, demonstrating the EU’s recognition of the transformative potential of emerging technologies. In contrast, many other jurisdictions are grappling with the challenge of establishing coherent regulatory frameworks for the rapidly evolving crypto industry.

The post Coinbase secures registration with the Bank of Spain appeared first on CoinJournal.