Schlagwort: crypto business

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Closed beta version of Neon EVM launches on Solana’s Mainnet

  • Neon EVM is a low-friction solution that enables Ethereum dApps to settle transactions on Solana.
  • The EVM helps breach the gap between Ethereum and Solana.
  • Since the Neon EVM beta is closed it will only accept transactions for those on the guest list.

Neon Labs, an Ethereum virtual machine on Solana that enables dApp developers to use Ethereum tooling to scale and get access to liquidity, has announced that it has launched a closed Neon EVM beta version, Neon EVMβ, on Solana’s mainnet. The launch is a significant milestone for the Neon EVM roadmap.

The Neon EVMβ is a fully-functioning Neon EVM that supports fee-free transactions. 

All Neon EVM transactions are settled to Solana’s L1 and require payment in SOL, the native token of Solana, just like any other Solana transaction. However, in the just-launched beta version, the NEON token is not requested by the Proxy Operator responsible for accepting the transaction request and ensuring that it is finalized.

What is Neon EVM?

Neon EVM is a low-friction solution that enables Ethereum dApps to settle transactions on Solana, eliminating the gap between these two leading blockchains. It allows Ethereum developers to enjoy the best of Solana’s network, from low fees to high transaction speeds, and parallel transaction execution capabilities. 

The Neon EVM solves Solana’s incompatibility with EVM which made EVM multichain dApp developers avoid the chain, which is otherwise known for being one of the fastest and organically-growing chains. It aims at making Solana a viable option for multichain builders.

Why a closed beta Neon EVM?

The Neon EVM ecosystem includes many more players than just the Neon EVM and the Proxy Operators that accept and settle transaction requests. It includes DAO, oracles, indexers, wallets, multisigs, bridges, explorers, and more. 

Neon EVMβ provides an opportunity for all parties to deploy and test to ensure the seamless integration of their services before the official Solana Mainnet launch.

Launching in closed beta allows the Neon EVM team to onboard and test the services of ecosystem players in controlled phases. It will only allow those who are on the guest list to test transactions.

The first phase onboards the infrastructure components, and the second phase accepts dApps and will test the connection of wallets.

Operating in closed beta also controls the budget by keeping the activity limited to an invite-only list. Remember, while the Proxy Operator is not charging a fee, the Solana network still does. It simply is not possible to provide an open beta and predict the cost in SOL for such an initiative.

The post Closed beta version of Neon EVM launches on Solana’s Mainnet appeared first on CoinJournal.

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DWF Labs vote of confidence to the WavesDAO project sends WAVES price up 91%

  • WavesDAO is a For-Profit DAO on the Power Protocol platform aimed to support the development of Waves Blockchain-based projects.
  • Market maker DWF Labs has committed 500K WAVES to the WavesDAO project.
  • The WavesDAO is seeking to channel a third of Waves miners’ rewards into the Waves DAO during the initiation period.

WAVES price has hit a daily high of $2.82 today after a 91.23% price surge in 24 hours. While the surge caught most crypto traders by surprise, the price movement was coming seeing that global digital asset market maker and web3 investment firm DWF labs had shown commitment to the WavesDAO project.

DWF Labs, on June 22, announced its support for the launch of WavesDAO by committing 500K WAVES to Waves staking and voting to support the WavesDAO project. DWF Labs’ participation in the DAO initiative will go a long way in empowering developers to build on the Waves Blockchain.

What is WavesDAO?

WavesDAO is a For-Profit decentralized organization (DAO) on the Power Protocol platform aimed to support the development of Waves Blockchain-based projects and other initiatives.

Essentially, a governor is expected to have a minimum of 1 PWR to participate in the DAO and 100 PWR staked for the initiation of a proposal to succeed.

At the moment, WavesDAO is seeking to channel a third of Waves miners’ rewards into the Waves DAO. However, this proposal needs to be approved by Waves miners and stakers through on-chain voting.

WavesDAO stands as a pioneering decentralized autonomous organization on the Power Protocol platform. It will be managed by PWR token stakers, which makes it an investment vehicle for the community.

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AltSignals’ first stage presale nearly sold out amid resilient crypto sector

  • AltSignals presale nearly sold out with $1.021 million raised

  • An interest in crypto and AI boosting the trading signal service platform

  • $ASI is likely to surge in value as it gets listed on exchanges amid huge investor interest

Trading signal service AltSignals ($ASI) has been a presale sensation this year. The project has raised $1.021 million, with investors eyeing a share of its upcoming AI-led trading platform ActualizeAI. AltSignals is expected to raise $1.080 million through the presale, meaning that only 5% remains for the first phase to conclude. By all standards, this is a highly successful presale, given that it just opened its doors to investors a few months ago. But why has AltSignals generated so much interest from investors? Let’s explain this in some detail.

Crypto is the future, and so is artificial intelligence

Crypto had a rough year, but investors are still undeterred. Over the past week, recoveries have been widespread, with the crypto king Bitcoin eyeing a breakout past its now-established resistance at $30,000. The gains underline that the search for supernormal profits from the digital sector is far from over.

But we know the investment landscape is changing. As established cryptocurrencies whipsaw within ranges that investors have become accustomed to by now, new crypto projects are a fast gathering storm. They present new and unexploited opportunities that investors are willing to try. 

AltSignals comes at a time when the application of AI is growing, especially in the trading world. Just imagine the benefit of using AI to generate signals from financial instruments like stocks and forex. Of course, AI has been in use in the trading world as it has been shown to produce more quality signals. The ability to intertwine crypto, AI, and trading makes AltSignals a unique and quality project which is attracting investors.

What is AltSignals, and how does it work?

AltSignals is a trading signal service created in 2017 by a team of professional UK traders. It has grown exponentially over the years, with its trading community increasing to over 52,000 members on Telegram. The signal service boasts approximately 64% signal accuracy, generated using the AltAlgo™ algorithm. The top performing markets for the company are shares, forex, the Binance Futures, crypto, and CFDs. 

A strong and growing demand for AltSignals service has prompted the team to expand into AI-led signal service. The team is launching an AI platform dubbed ActualizeAI. The interest in AI has been fueled by a need to increase the quality of signals generated and the number of financial instruments covered. 

To benefit from the AI signals, you need to become an ActualizeAI member. Crypto token $ASI will be the unit of membership. Investors who buy $ASI in the presale will have early access to ActualizeAI and enjoy other benefits.

What value does $ASI offer?

If you are a trader or investor interested in trading, $ASI could be an ideal investment. You have access to a trading community benefiting from quality signals generated by professionals. $ASI also gives investors a chance to compete in trading tournaments. This could be an excellent way to improve trading skills while getting rewarded with $ASI for winning the contests. There are exclusive presale opportunities for members of ActualizeAI. 

If you have been searching for a trading community where members have a voice, AltSignals, and ActualizeAI could be the ideal place. You can use $ASI to vote on governance, besides using the tokens to contribute ideas on the platform and get rewarded.

Should you buy $ASI this week?

$ASI’s presale in the first phase is ending with around 5% of tokens left to be sold out. From here, the token’s price will increase, and investors may have to spend more. The token could also get boosts from exchange listing after a successful presale. It means buying now offers a perfect chance to join ActualizeAI early and familiarise yourself with the AltSignals platform.

The post AltSignals’ first stage presale nearly sold out amid resilient crypto sector appeared first on CoinJournal.

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Should you buy Bitcoin as it jumps to a 1-year high?

  • Bitcoin trades above $30k despite the dollar strengthening against other fiat currencies
  • News that BlackRock prepares to launch a spot Bitcoin ETF helped
  • SEC’s lawsuits create uncertainty

Bitcoin trades at a 1-year high after breaking out of a consolidation that looks like a bullish flag pattern. As such, the cryptocurrency has made a new higher high, keeping the bullish bias intact despite consolidating since April. 

While trading above $30k it is hard to make a bearish bet on Bitcoin. That is specifically true if looking at what happened in the traditional currency market, where the US dollar strengthened across the board. 

For example, the EUR/USD exchange rate dropped from 1.10 to 1.0850 on news that the European PMIs weakened more than the market expected. Also, the GBP/USD dropped on weak UK data. 

All in all, the dollar strengthened last week, but it did not gain against Bitcoin. 

Just the opposite. 

Bitcoin chart by TradingView

What drives the Bitcoin price higher? 

By now, it is obvious that the dollar’s weakness did not drive the move higher. Therefore, something else must be the cause of this bullish breakout. 

Two possible explanations exist. 

One is related to BlackRock, the American multinational investment company, one of the largest in the world. News surfaced that the company submitted an application for a spot Bitcoin ETF designed to track the underlying market price of Bitcoin. Therefore, some argue that BlackRock might know something in advance. 

Another is that investors’ trust in the industry builds up with the recent SEC lawsuits. A more transparent industry should be a positive for crypto investors. 

Regardless of the reason, Bitcoin trades above $30k on the dollar’s strength against other fiat currencies. If the divergence continues, Bitcoin might have more upside. 

On the flip side, no one knows how the cryptocurrency market will react to the Binance and Coinbase verdicts. 

The post Should you buy Bitcoin as it jumps to a 1-year high? appeared first on CoinJournal.

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Bitcoin Cash price touches 1-year high after BCH soars 72%

  • Bitcoin Cash price jumped to a 1-year high today when BCH hit $194, up 72% over the week.
  • BCH price broke higher as institutional-driven crypto sentiment pushed Bitcoin (BTC) above $31,000.
  • Bullish sentiment for Bitcoin Cash also followed the listing on BCH on the Citadel-backed crypto exchange EDX Markets.

Bitcoin Cash price has soared to its highest level in twelve months after spiking more than 40% in 24 hours to hit $194 on Coinbase. 

As CoinJournal highligted here, Bitcoin Cash price had jumped to a 3-month high on Wednesday.

Why is Bitcoin Cash price up?

BCH was up by 72% in the past seven days and traded at prices last seen in early June last year. This is when the crypto winter and market contagion pushed it from highs of $210 on June 1 to lows of $103 by the end of the month.

The Bitcoin fork cryptocurrency then slumped to lows of $89 in November as the FTX implosion catalysed massive crypto losses.

A bullish start to 2023 however faded with BCH/USD trading around $154 in February. This week’s breakout above a technical downtrend line coincided with the broader crypto market rally, buoyed by the news of BlackRock’s application for a spot Bitcoin ETF. Today’s gains came as Bitcoin reached $31,450, its highest price since June 2022.

While BTC is up 85% year-to-date, Bitcoin Cash price is slightly higher at 90% YTD.

Bitcoin Cash performance on the daily chart. Source: TradingView

BCH open interest up 79%

BCH Futures open interest has since jumped, up 79% in the past 24 hours. It follows the bullish breakout above $135 after newly-launched EDX Marketslisted Bitcoin Cash as one of four coins on the exchange alongside Bitcoin, Ethereum and Litecoin. 

EDX Markets, which went live this week, is backed by some of Wall Street’s largest financial investment firms – Charles Schwab, Fidelity Investments and Citadel.

According to data from Coinglass, open interest in BCH was over $200 million as of 3pm ET on Friday, June 23. It’s the highest the metric has risen to since March 2022.

The post Bitcoin Cash price touches 1-year high after BCH soars 72% appeared first on CoinJournal.