Schlagwort: crypto business

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Chancer to usher a new era of betting as Mastercard eyes a multi-token network

  • Chancer raises $421.4k in two weeks

  • The token’s P2P model in betting is attracting investors

  • Chancer’s value to increase in the subsequent presale phases and upon listing

Blockchain is revolutionising traditional sectors in good ways, with the latest being betting. Chancer has been the key project in this shift, focusing on new ways investors can participate in betting and earn. The primary innovative feature of Chancer is its peer-to-peer betting that allows investors to predict in markets created by themselves. Investors have shown enthusiasm for the project, buying more than $421.4k worth of Chancer tokens in the first phase of a presale that opened two weeks ago. The successful presale underlines the growing uptake of crypto, with Mastercard considering a multi-token network (MTN).

Mastercard to make digital transactions secure and interoperable with MTN.

Payments giant Mastercard wants to enhance digital transactions’ security, interoperability, and scalability with a Multi-Token Network (MTN) product. The company says MTN will enable efficient and cost-effective payments by using digital assets.

MTN is also expected to enhance identity management and permissions through blockchain networks, thus building trusted business interactions. Using digital identities will also help counter fraud common in card-related transactions.

The new product by Mastercard underlines that big players are getting into the sector, building needed trust. For a global payment network like Mastercard, it means the project will increase digital asset visibility and allow new ones to succeed. 

Peer-to-peer betting by Chancer. What is it?

As the name suggests, peer-to-peer (P2P) is a betting model permitting user relations with each other. Chancer is pioneering a P2P betting where users can build their betting markets via a secure decentralised system. Users can determine what instruments, events, or situations they want to bet on and invite others (peers) into that betting market. 

Chancer has the edge over the traditional betting markets in that investors are not restricted to the odds and rules common in betting platforms. They play by their rules and odds betting through Chancer. 

With the ability to create a betting market from almost anything, Chancer brings fun to betting and allows flexibility to investors. It also expands the earning opportunities for investors as they can create limitless betting markets via the P2P model.

What is the value proposition of Chancer?

Chancer carries value in letting investors create betting markets and earn rewards on successful outcomes against peers. Investors can bet on events from football to politics and elections. But of course, Chancer is built with an investment focus rather than betting.

One of the ways to unlock value through Chancer is by creating predictive markets. Investors get rewarded for market-making activities. It means investors are rewarded for their interests and expertise by participating in the Chancer project.

The second way is through staking $CHANCER. Investors can stake the tokens for yields, thus unlocking liquidity and facilitating the platform’s growth. Other ways to earn include token rewards for promoting Chancer to others. 

Is Chancer an ideal investment? 

Chancer could be an ideal investment if you are looking for a project with huge growth potential. Betting markets are fast-growing, and the entry of Chancer offers a leeway for investors to do it differently.

Alongside the ability to earn through P2P betting, investors who feel locked out of the traditional markets can find Chancer ideal. 

The growth of the Chancer platform could fuel an increase in the value of the token and generate enormous returns for investors. For a token of a novel project like betting, price increases for $CHANCER can be up to 1,000%.

Does buying $CHANCER on presale make sense?

Any token that is newly listed is best bought at the presale. The price level is low, and there is a potential to earn big when it is listed on exchanges. 

Chancer’s presale will occur in 12 stages, each with a higher price than the previous one. As such, the price is the lowest in the first phase and the most attractive. 

The post Chancer to usher a new era of betting as Mastercard eyes a multi-token network appeared first on CoinJournal.

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Chancer presale storms to $420k amid positive crypto sentiment

  • CHANCER presale has hit $421k days after launch to demonstrate the huge demand among investors.
  • The predictive markets platform is expected to go live later this year, with experts noting its potential to change the global betting industry.
  • For investors, buying $CHANCER at the current price of $0.01 offers could be a great opportunity.

With the broader crypto market looking for a foothold amid predictions of a bullish flip, Chancer’s presale has notched past the $420k mark to highlight the overall market sentiment.

More aptly, the blockchain-based predictive markets platform has seen over 42.1 million of its $CHANCER tokens sold out just days into its recently launched presale event. Could Chancer offer that new opportunity that investors are hunting for ahead of the next bull cycle?  

Early birds can find out more here.

Bear markets are for building – and investing

Bitcoin price staying above the $30k level and looking likely to target the next resistance at $34k is a great encouragement for bulls. The same can be said of Ethereum, which has moved closer to regaining the $2k level in recent weeks amid the spot ETF-driven bullish momentum.

However, the broader acknowledgement is that the market hasn’t completely turned the corner from the 2022 bear cycle. Yet this in itself is an opportunity for projects and to a larger extent investors, with bear markets seen as the time to build, or BUIDL as compared to the common HODL.

Projects that build during market downturns often have the ample time to focus on product development, taking into account roadmap goals to deliver. And for investors, the bear market often accords the opportunity to buy low and position oneself for potential windfall when the bulls come charging.

Could Chancer be one of the projects? Highly likely as the team leverages the pre-bull market phase to bring to market a potentially industry-disruptive platform.

What is Chancer?

Chancer is a blockchain-based predictive markets platform that aims to become the global destination for decentralised betting.

Leveraging the blockchain technology and a crypto token will bring the benefits of a truly decentralised market, with holders of the native $CHANCER participating in future developments via a governance structure.

As for how Chancer works, the key is in its removal of the power of the bookmaker. Instead of the centralised control that sees bookmakers decide which markets and odds to offer to bettors, Chancer takes that power and hands it to $CHANCER holders.

On Chancer you don’t suffer the restrictions of traditional betting platforms – its “your game, your rules, your odds.” 

In short, participants create their own prediction events, set the odds and rules. As a peer-to-peer (P2P) betting platform, you can invite family and friends. What’s more there is a feature that allows users to broadcast their markets to more participants across the world, increasing the predictions and prizes.

Why would investing in Chancer today be worth it?

The global betting industry is a massive market, with estimates for the next five years projecting a 10% compound annual growth rate. The adoption of blockchain technology across the sector is rising, with Chancer offering the most revolutionary platform.

While it would be unreasonable to predict $CHANCER to the moon now, the anticipation building around the project is massive. And with the token price currently only $0.01, buying now might be the best opportunity to maximise on the potential gains if fresh market demand catapults it to $1 or higher in 2024.

As noted, the wider sentiment is that a bull market is slowly gathering pace. If Chancer rolls into the market via the scheduled exchange listings after the presale, and the platform launch happens as expected, then a pop to new highs in 2025 would be highly likely.

If you bought $CHANCER today, 100% gains would be locked in when the token jumps to $0.021 at the end of the presale later in the quarter.

Can you earn passive income with Chancer?

An opportunity to earn passive income on the investment is one of the key features investors will fancy $CHANCER for.  Other than the anticipated gains on the value of the token as future demand pushes prices higher, holders can also earn passively through staking.

One can run validator nodes to support the network transaction processing and security and earn a reward from it. Node operators will earn 50% of the reward while those staking with the particular node will get the other 50%. Other than staking $CHANCER, users can earn from the Share2Earn program.

 You can learn more about Chancer on their website.

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North Carolina lawmakers approve bill seeking study on state adoption of Bitcoin

  • The “State Precious Metals Depository Study” bill received bipartisan support and passed 75-38.
  • North Carolina could look into adding Bitcoin to its State Treasury if the bill is passed.
  • In May, the house voted for another bill that seeks to ban CBDCs in the state. 

North Carolina’s lower house has passed a bill that could see the state initiate a study into the potential benefits of the state’s Department of State Treasury adopting Bitcoin.

North Carolina seeks to add BTC to treasury

The “State Precious Metals Depository Study” bill outlines the custody, insurance and liquidation of crypto assets held by the state. It passed 75-38 with bipartisan support and will now be debated in the Senate.

If passed, it will open the path for BTC and gold to be considered as assets that can be added to North Carolina’s funds. Specifically, the house’s approval puts North Carolina one step towards adding Bitcoin to the state’s holdings. 

“This is a very important step to a more formal acknowledgement of #bitcoin in North Carolina. Lots of behind the scenes work,” said Dan Spuller, Head of Industry Affairs at Blockchain Association.

Spuller noted that the passage of HB721 marks the second time a bill pushed by the North Carolina Blockchain Initiative has received bipartisan support in the General Assembly in 2023.

In early May, the house unanimously passed HB690, a bill that banned the use of central bank digital currencies (CBDCs) in payments in the state. The bill also bans North Carolina from participating in any testing of CBDC.

The state of CBDCs globally

A recent survey showed that 130 countries around the world were in various stages of development towards a central bank issued digital currency. According to US-based think tank Atlantic Council these countries included all G20 members.

As highlighted here, China’s CBDC pilot continues and has support from country’s major banks. Meanwhile, India and Brazil are set to launch their versions in 2024. 

The European Central Bank is also looking to begin a pilot for the digital euro and the UK is exploring its “Britcoin” project. In the US, work on a CBDC is advancing only on its use at bank-to-bank level, with the retail digital dollar largely stuck.

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ETH/USD price forecast – a bullish flag hints at further strength

  • Ethereum forms two bullish flag patterns
  • Both patterns’ measured moves indicate a new yearly high
  • A move to $2600 would confirm the biggest bullish flag

The cryptocurrency market remains resilient despite the ongoing scandals that affect the industry. Investors still believe in the leading cryptocurrency’s potential; as such, Bitcoin, Ethereum,  and other coins trade close to their 2023 high.

Bitcoin made a new high for the year recently, but Ethereum did not. Hence, if Bitcoin is leading, then Ethereum should follow.

Interestingly, the technical analysis shows two bullish flag patterns. They both point to new highs for the year; any downside movement should be taken with a grain of salt.

Ethereum chart by TradingView

$2,000 offers stiff resistance

The market failed at the $2,000 level recently. Even though it made a new high for the year, the bears sold the round level, and the price quickly fell to $1,600.

But in doing so, it did not break the higher lows series. Also, two bullish flag patterns are visible, with measured moves above $2,000.

The biggest pattern, seen in black above, points to a move to $2,600. The smallest one, to a move to $2,200.

In both cases, it means that Ethereum will make a new high for the year, and the bias remains bullish as long as the price action holds above $1,600.

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Slovakia to reduce crypto income tax rate: will more countries follow suit?

Key takeaways

  • Slovakian lawmakers have voted in favour of reducing cryptocurrency income tax in the country.

  • The move could see more cryptocurrency investors in the country and could benefit the broader crypto market.

Slovakian lawmakers voted in favour of a law designed to cut taxes on the sale of cryptocurrencies. The new income tax bill in the country seeks to reduce the tax burden in connection with the sale of virtual currencies, thereby simplifying their use in everyday life. 

If the new bill is passed, the taxation on cryptocurrency income would be reduced to 7%. How does the new bill affect the broader cryptocurrency market, and could more countries implement similar cuts? 

What does this mean for Bitcoin and AltSignals?

The cryptocurrency market has performed excellently since the start of the year, with Bitcoin and other leading cryptocurrencies up by more than 40% during that period.

Bitcoin recently touched the $31k level before retracing, with the price of Bitcoin now at $30,617. 

If the new bill is passed in Slovakia, it could boost cryptocurrency adoption in the country as more investors could enter the market.

Subsequently, similar bills could also be introduced by other European countries, depending on the level of success. 

Bitcoin could rally in the near to medium term, and that could also positively affect the prices of numerous cryptocurrencies. AltSignals could be one of the cryptocurrencies that could benefit from the crypto market experiencing a rally in the coming weeks and months. 

As a trading-focused project, AltSignals could benefit from an influx of funds into the cryptocurrency market. With more people entering the cryptocurrency market, AltSignals could experience a surge in adoption, and this could see its native token, ASI, rally higher. 

With the presale stage set to end soon, this could be an excellent time to invest in AltSignals. It is a niche-focused cryptocurrency project that could gain massive adoption by crypto and forex traders. 

What is AltSignals?

AltSignals is a trading platform that provides trading signals for stocks, forex, indices, cryptocurrencies, and CFDs. 

The project is still in its presale stage and looks likely to finish raising its funds soon. At the moment, the development team has raised 96% of the funds required to develop its products and service. With a target of $1,080,000, AltSignals has raised $1,038,697.905 so far. 

ASI, the native token of the AltSignals ecosystem, is currently sold for 0.015 USDT. However, past events indicate that ASI could rally higher once the team launches its products and the token lists on crypto exchanges. 

According to their whitepaper, the AltSignals team will use the generated funds to develop ActualizeAI, a solution that could make it easier for more people to enter the cryptocurrency trading scene. 

AltSignals explained that ActualizeAI would be a fully automated solution and would work 24/7, making it easier for users to trade cryptocurrencies. 

Visit the official AltSignals website to learn more about their presale.

Should you invest in AltSignals now?

Bitcoin has stayed above the $30k level for the past few days. With the market sentiment currently on the positive side and the move by Slovakia to reduce crypto income tax, this could be an excellent time to invest in cryptocurrencies. 

Asides from Bitcoin, some altcoins could benefit from the crypto market’s ongoing positive performance. AltSignals could be one of the biggest winners once the project launches and its ASI token becomes available on cryptocurrency exchanges. 

If the development team delivers on its promise of a platform dedicated to traders, AltSignals could see an influx of traders on its platform, and that could positively impact ASI’s price in the medium and long term. 

Furthermore, the launch of ActualizeAI could also positively contribute to the adoption rate of AltSignals over the coming months and years.

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