Schlagwort: crypto business

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Petra crypto wallet is integrating Coinbase Pay

  • Petra will add Coinbase Pay to its mobile and desktop applications.
  • It expects the collaboration to help make crypto transactions more seamless.
  • Petra has integrated into more than 160 decentralised applications to date.

Petra – a crypto wallet by Aptos Labs – has decided to integrate Coinbase Pay into its mobile and desktop applications.

What does it mean for the web3 users?

The collaboration, it is convinced, will help make crypto transactions more seamless for the web3 users. According to Mo Shaikh – the Chief Executive of Aptos Labs told TechCrunch today:

In order to grow the web3 ecosystem, everyday activities like financial transactions have to be easier. Consumer adoption does not happen without it. Full stop.

Petra has already integrated into PancakeSwap, LayerZero, Pyth and about 160 other decentralised applications to date. Aptos had previously partnered with Sushi as well to secure access for users to non-EVM chains.

Shares of Coinbase Global Inc ended roughly 4.0% down on Tuesday.

Aptos has recently teamed up with Microsoft as well

Petra adding Coinbase Pay to its applications signals a multichain future, as per Will Robinson – the Vice President of Engineering at Coinbase.

The crypto market news arrives only days after the crypto exchange announced plans of integrating the Lightning Network that aims at setting up Bitcoin as a faster and cheaper mode of global payments (find out more).

In August, Aptos Labs also teamed with Microsoft on artificial intelligence and web3 integration. Working with such big names, it believes, improves user experience, increases appeal, and helps onboard more users.

The startup based out of Palo Alto awarded a grant worth $50,000 to blockchain lab at Cornell University this year.

The post Petra crypto wallet is integrating Coinbase Pay appeared first on CoinJournal.

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Dogelon Mars (ELON) sees spike in network growth- can price follow?

  • Dogelon Mars (ELON) price is up 5% in the past week.
  • The meme token has seen a spike in network activity as increased discussion adds to address growth.

Dogelon Mars (ELON) is one of the many meme coins that have recently seen significant declines, most notably as the broader market struggled with downside pressure earlier this month. This week’s spike in the price of flagship cryptocurrency Bitcoin to above $27k has however coincided with an uptick for most altcoins.

ELON price is one of the gainers in the past 24 hours, rising more than 5% as bulls caught a respite following a multi-week lull.

Dogelon Mars tops in crypto discussion

On-chain data shows interest in the meme coin has spiked amid growing discussions and network growth. The fresh outlook for the doge-inspired token suggests a potential push higher for the BTC and the mega cap altcoins could ignite more hype for ELON.

“Dogelon Mars is the fastest rising asset in #crypto, in terms of discussion rate percentage increase. The token has also been seeing recent spikes in network growth, indicating new addresses are being generated at an increased rate,” Santiment analysts posted on X.

Here’s a chart the market intelligence platform shared showing the spike in discussion and addresses.

What’s the price outlook for ELON?

Data from CoinGecko shows that Dogelon Mars’s daily trading volume is up nearly 40% in the past 24 hours. 

The meme token is however seeing some pressure and is down 1.3% in the past 24 hours as of writing.  This picture is largely similar to the top crypto assets, including Bitcoin, Ethereum, Dogecoin and Shiba Inu.

Although what happens next could depend on broader market conditions, the latest flip in crowd behaviour for ELON suggests a strong breakout is possible. If buyers retake the initiative above $0.00000013, a retest of the recent supply zone at $0.00000015 could encourage bulls. A flip lower could be catastrophic for ELON.

The post Dogelon Mars (ELON) sees spike in network growth- can price follow? appeared first on CoinJournal.

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Jasmy Coin price descending triangle points to more downside

  • Jasmy price has formed a descending triangle pattern on the daily chart.

  • Focus now shifts to the upcoming Federal Reserve interest rate decision.

Jasmy coin price has moved sideways in the past few days even as other cryptocurrencies have bounded back. The coin was trading at $0.0035 on Tuesday, where it has been in the past few months. This price is a few points above this month’s low of $0.0030.

Federal Reserve decision ahead

Jasmy Coin is a small but highly popular cryptocurrency that is best known for its Japanese roots. Started by former Sony executives, the coin is regarded as Japan’s version of Bitcoin.

But unlike BTC, Jasmy has a deeper role in the blockchain industry. According to the developers, the platform is used in the data privacy industry. It is also used in the Internet of Things (IoT) industry.

Jasmy’s goal is to ensure that people can store and secure their data in a safe and secure manner. It is also used to safely and securely manage and control devices. Most importantly, Jasmy helps companies to secure their data.

Jasmy coin tends to track the price of Bitcoin. As such, the key important event to watch this week will be the upcoming interest rate decision by the Federal Reserve. Most economists believe that the Fed will leave interest rates unchanged at 0.25%, as I wrote here. 

The bank will also have a hawkish tone since the country’s inflation remains at an elevated level. Data released by the Bureau of Labor Statistics (BLS) revealed that the headline consumer inflation rose to 3.7% in September. A hawkish Fed will likely lead to more downside for Jasmy and other cryptocurrencies.

Jasmy Coin price prediction

The daily chart shows that the Jasmy token has been in a bearish trend in the past few months. The coin has formed a descending trendline shown in orange. This line connects the highest swings since May this year. 

Most importantly, Jasmy has formed a descending triangle pattern. In price action analysis, this pattern is one of the most popular bearish signs. It has also dropped below the 50-day and 25-day moving averages.

Therefore, Jasmy price will likely have a bearish breakout as sellers target the key support at $0.0030. A break below that support will likely lead to more sell-offs as sellers target the key support at $0.0025.

How to buy Jasmy

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy JASMY with Coinbase today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy JASMY with Bitfinex today

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OKX partners with Solana Mobile to expand Web3 access via Saga

  • OKX app launches in Solana Saga dApp store
  • Access to the OKX app via Solana Saga expands Web3 to more users.
  • Solana Saga is a crypto-ready smartphone launched in April.

Crypto exchange OKX has partnered with Solana Mobile in a collaboration that sees the OKX app added to the dApp store of Solana’s Web3 smartphone Saga.

OKX app added to Saga Web3 phone

OKX said in an announcement on Tuesday that the partnership makes it one of the first exchanges to have their app available to users via the Solana Web3 smartphone. This will help unlock the Web3 for Saga users tapping into OKX products, the exchange added.

“This partnership exemplifies the boundless potential of Web3. By uniting OKX’s suite of next-gen products with the Solana Saga, we are dramatically expanding everyday access to the open, decentralized future that Web3 enables,” Jason Lau, OKX Chief Innovation Officer, said in a comment.

Solana Mobile, a subsidiary of Solana Labs, unveiled its crypto-ready, Android-based mobile phone in April 2023, before a public sale opened on May 8.

The smartphone offers users self-custody for crypto assets, and comes with a Seed Vault that helps protect a user’s private keys via secure hardware and AES encryption. Saga users can access Web3 native dApps.

The post OKX partners with Solana Mobile to expand Web3 access via Saga appeared first on CoinJournal.

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New UK bill to seize stolen crypto reach final approval stage

Key takeaways

  • The UK House of Lords has passed a bill to seize stolen cryptocurrencies.

  • The bill targets monetary proceeds from fraud or other financial crimes.

The UK government could seize stolen cryptocurrencies

A bill that seeks to expand the ability of UK authorities to target illicit cryptocurrency usage has been passed for approval by the House of Lords. 

The bill, dubbed the Economic Crime and Corporate Transparency Bill, was introduced a year ago. The bill seeks to tackle crypto-related financial crimes. Since the introduction of the bill, it has gone from the House of Commons to the House of Lords and is now at the final stage of approval. 

Per the bill, the authorities will target monetary proceeds from fraud or other financial crimes. Furthermore, the bill also seeks to introduce provisions for corporate transparency and overseas business registrations.

Now that the bill is at its final stage, the House of Commons will vote to accept the proposed amendments or recommend changes to the bill. If approval is obtained, the bill will be signed into law via royal assent (the monarch approvals the bill as an act of legislature). 

The U.K.’s financial regulator, the Financial Conduct Authority (FCA), recently pointed out that it is willing to work with crypto companies to introduce a regulatory framework for the cryptocurrency industry. 

The regulatory agency, via Executive Director Sarah Pritchard, made this known while speaking at the London’s City Week conference. She stated that;

“Let’s work together to shape our rules and regulations to benefit markets, consumers and firms as crypto goes from niche to mainstream.”

She added that the FCA’s responsibilities also include ensuring that crypto firms operating in the country comply with Anti-Money Laundering and Counter-Terrorist Financing legislation.

The FCA has been expanding its base within the crypto industry. In July, the regulatory agency launched a permanent digital sandbox to serve as a testing environment for crypto companies and others to see how their products would perform at an early stage of development.

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