Schlagwort: crypto business

Veröffentlicht am

Google Bard sets its Tezos price prediction for August

Tezos price has crawled back in the past few weeks even as the crypto fear and greed index remains in the neutral point. The XTZ coin was trading at $0.845, where it has been at in the past few days. This price is about 27% above the lowest level this year.

Google Bard’s XTZ forecast

Artificial Intelligence (AI) has become a major theme in the market following the success of ChatGPT. As a result, it has become more popular for people to ask AI platforms like Google Bard and Microsoft Assistant about anything. 

Therefore, I asked Google Bard what it thinks about Tezos and how the XTZ token will trade in August. The AI platform said:

“The forecast for Tezos in August is mixed. Some analysts believe that the price of XTZ could reach $1.00 by the end of the month, while others believe that it could fall to $0.75. The overall sentiment for Tezos is bearish, but there are some positive factors that could support the price, such as the upcoming Jakarta upgrade.”

If Google Bard is accurate, then it means that Tezos price could jump by about 20% from the current level. On the other hand, if the XTZ price retreat to $0.75, it means that the coin will drop by about 10%.

Tezos price analysis

Tezos, one of the best-known players in the blockchain industry, has faced numerous challenges. For one, the company has a minimal market share in key industries like decentralized finance (DeFi) and non-fungible tokens (NFT). 

Tezos has total value locked (TVL) of more than $73 million, making it the 35th biggest chain in the world. It has also seen its market share in the NFT industry diminish. 

Data by CryptoSlam shows that the total Tezos NFT sales in the past 24 hours stood at just $47k, making it the 12th biggest player in the world. Remember, Tezos has spent millions in advertising, including by sponsoring RedBull Racing.

I also expect that the Jakarta upgrade will have no impact on the Tezos price. As we saw in June, the Nairobi upgrade have minimal impacts on the coin.

How to buy Tezos

eToro

eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.

Buy XTZ with eToro today

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy XTZ with Binance today

The post Google Bard sets its Tezos price prediction for August appeared first on CoinJournal.

Veröffentlicht am

Kenya suspends Worldcoin activities after nearly half a million sign-ups

  • The registration exercise for Worldcoin in Kenya took place at the Kenyatta International Convention Centre.
  • Registered users are entitled to 25 free Worldcoin tokens worth about $2 amounting to about Sh7000.
  • The Worldcoin activities in the countries have been suspended by the Ministry of Interior for security concerns.

The activities of Worldcoin, which launched on July 24, have been halted in Kenya after a thrilling uptake by the population. The Ministry of Interior has suspended the activities including registration citing security concerns.

On August 2, Kenya’s minister of internal security announced on Facebook that the country had suspended Worldcoin operations until relevant government agencies had verified that there were no risks to Kenyans. The statement from the cabinet secretary Ministry of Interior, Kithure Kindiki read:

“Relevant security, financial services, and data protection agencies have started inquiries and investigations to establish the authenticity and legality of the aforesaid activities… Appropriate action will be taken on any natural or juristic person who furthers, aids, abets or otherwise engages in or is connected with the activities afore described.”

The Capital Markets Authority (CMA) in Nairobi had also warned against the ongoing registration stating that Worldcoin and its products were not regulated under the Capital Markets Act.

Kenya is not the first country to question the safety of data collected by Worldcoin. France’s privacy watchdog has also questioned Worldcoin’s data collection and is currently investigating the crypto project.

Why are Kenyans so excited about Worldcoin?

Despite the privacy concerns, Kenyans have been trooping in thousands to the Kenyatta International Conference Center (KICC) in Nairobi and lining up for hours to have their eyeballs scanned for the 25 free Worldcoin (WLD) tokens which when exchanged translate to about Ksh7000.

Days after the new cryptocurrency project started registration in the country, media outlets were reporting that more than 350,000 individuals had registered.

The suspension news is a big setback for Worldcoin, which in an investor presentation had previously highlighted it had seen significant demand in Nairobi as a city. The presentation which was prepared in In December 2022, Worldcoin boasted of more than a quarter of a million sign-ups in Nairobi where it has 45 of its retina-scanning orbs positioned.

The post Kenya suspends Worldcoin activities after nearly half a million sign-ups appeared first on CoinJournal.

Veröffentlicht am

ConsenSys releases “Diligence Fuzzing,” tool for testing smart contract vulnerability

  • More than $471.43 million was lost through Web3 security vulnerabilities in the first half of 2023.
  • The Diligence Fuzzing has been integrated with the smart contract toolkit Foundry.
  • The tool features a free version for developers who wish to test it out before making any payments.

The blockchain technology company ConsenSys has announced the public release of its “Diligence Fuzzing” smart contract testing tool. The new tool generates “random and invalid data points” to identify contract flaws prior to the smart contract launch.

The launch is very timely seeing that decentralized finance hacks cost over $2.8 billion in 2022. ConsenSys claims that as a result of these losses, developers are adopting more sophisticated testing tools to assist in identifying vulnerabilities before attackers do.

Previously, developers had to request access to the closed beta version of the new tool before using it. As of August 1 after the release of the “Diligence Fuzzing” tool, this approval procedure is no longer required.

Diligence Fuzzing is now integrated with Foundry’s smart contract toolkit, and it offers a free version for developers to try out.

How does the “Diligence Fuzzing” work?

According to ConsenSys security services lead Liz Daldalian, developers using the “Diligence Fuzzing” tool can annotate their contracts using a machine language called “Scribble,” which is also developed by ConsenSys. After doing this, the fuzzing tool will interpret the annotations and produce “unexpected” inputs so as to test whether the smart contract can be forced to produce unintended actions.

ConsenSys security researcher Gonçalo Sá has, however, stated that the “Diligence Fuzzing” tool is not a “black box fuzzer” and that it does not produce completely random data. Instead, Gonçalo says that the fuzzing tool acts as a “grey-box fuzzer” that understands the smart contract’s current state to limit the types of data produced, thus increasing the tool’s efficiency.

The post ConsenSys releases “Diligence Fuzzing,” tool for testing smart contract vulnerability appeared first on CoinJournal.

Veröffentlicht am

Bitcoin Cash price prediction as volatility and volume slumps

  • Bitcoin Cash, like other cryptocurrencies, remained in consolidation in July.

  • There are signs of rotation moving from digital currencies to stocks.

Bitcoin Cash (BCH) price had a difficult performance in July as the fear and greed index remained neutral at 50. The coin dropped to a low of $230 in July, down from the monthly high of $330.53. 

Rotation from crypto to stocks

Bitcoin Cash price remained in a tight range as demand and volatility retreated. Data shows that the volume of cryptocurrencies traded in exchanges dropped sharply in July. This happened even after a number of important catalysts happened during the month.

For example, data published by the Bureau of Labor Statistics (BLS) showed that the America’s consumer price index (CPI) dropped from 4.1% to 3.0%. The closely watched personal consumption expenditure (PCE) index dropped from 4.0% to 3.1%. 

These numbers mean that the country’s inflation is falling at a faster pace than expected. As a result, investors believe that the Federal Reserve has completed hiking interest rates. It hiked them by 0.25% last Wednesday to the highest level in 22 years.

Another important crypto news in July was the partial victory by Ripple in its long-running case with the Securities and Exchange Commission (SEC). In her judgment, the judge ruled that XRP was not a financial security.

Therefore, Bitcoin Cash price likely retreated as investors moved from cryptocurrencies to stocks. The Nasdaq 100 index and S&P 500 indices surged to the highest level in months, with the former soaring by 42% this year. As a result, there is a likelihood that many crypto investors moved their funds to stocks.

Bitcoin Cash price prediction

The 4H chart shows that the BCH price has moved sideways in the past few weeks. It has moved to the 50-period and 25-period moving averages. Bollinger Bands have narrowed. The coin has moved above the key support level at $230.94, the lowest level in July.

The Relative Strength Index (RSI) has moved below 50 while the Average True Range (ATR) has retreated. ATR is one of the most popular measures of volatility. 

Therefore, there is a likelihood that the indicator will remain in this consolidation phase in the coming days. A drop below the support at $230 in a high environment will push it to the next support at $200. A move at $266 will open the possibility of the Bitcoin Cash price rising to $300.

How to buy Bitcoin Cash

eToro

eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.

Buy BCH with eToro today

Bitstamp

World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy BCH with Bitstamp today

The post Bitcoin Cash price prediction as volatility and volume slumps appeared first on CoinJournal.

Veröffentlicht am

FTX claimants to hold equity securities and tokens in the rebooted exchange

  • The new FTX CEO is working tirelessly to have the FTX crypto exchange launched.
  • FTT token holders will not receive any distributions from the rebranded FTX exchange.
  • FTX claimants will, however, own interests in the newly established offshore FTX Company.

The newly appointed CEO of FTX Trading Ltd., John J. Ray III, has unveiled a new draft strategy to “reboot” the defunct FTX cryptocurrency exchange.

In the proposal, which was unveiled on Monday, FTX.com claimants are allowed to own equity securities, tokens, or other types of interests in the newly established offshore company.

What will happen to FTT holders?

The new plan describes the debtors’ approach to grouping claimants into different categories. Users of the offshore FTX.com exchange will be referred to as “Dotcom customers,” while those using the FTX US will be called “U.S. customers.”

The Dotcom Customer Pool, the U.S. Customer Pool, and General Pool are the three main recovery pools that are suggested to be created on the new exchange. All fiat, digital, and other specified assets connected to FTX.com and FTX US will be included in these pools.

The newly created company, which was established in collaboration with outside investors, will run a “rebooted” offshore platform that won’t be available to American investors.

Each Dotcom customer will receive a pro-rata share of the proceeds from a pool of assets tied to the FTX.com exchange. However, the new plan indicates that claims from FTT holders, the collapsed exchange’s native token, “will be cancelled and extinguished as of the Effective Date and holders will not receive any distribution.”

Furthermore, claims from non-customers, like the regulatory penalties and taxes claims, will be subordinated.

The development comes a few days after FTX and Genesis agreed to an in-principle settlement to resolve claims by the two companies in the bankruptcy proceedings.

FTX 2.0 impending launch

The idea of restarting the collapsed FTX exchange was first suggested by the new FTX boss in January. The new management had targeted to relaunch in Q2, 2023.

According to a court document filed in May, Ray has been actively investigating the steps needed to restart the business and reviewing and completing the “FTX 2.0” materials to be distributed to investors.

Following the recent development and the anticipation of the FTX reboot, the FTT token has been climbing. At press time the FTT token price was trading at $1.41 up 5% in the last 24 hours.

The post FTX claimants to hold equity securities and tokens in the rebooted exchange appeared first on CoinJournal.