Schlagwort: crypto business

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Cryptocurrency Price Prediction: How High Can AltSignals and Polygon Go In 2023?

2023 is the year predicted to be the crypto market’s comeback, with prices in the early part of the year finally beginning to rebound after the torrid time markets faced in 2022. Cryptocurrency price predictions for this year and the coming years are turning bullish, while trading signals platforms like AltSignals are reporting a vast increase in traffic as investors begin to re-open their wallets ahead of expected price increases.

An example of this behavior can be found in Polygon’s price prediction, which shows a return to bullish prospects after a year of struggle. This has led to investors asking how high the MATIC token can go in 2023 and what this means for AltSignals’ new ASI token.

ASI is launching during a market recovery

Bitcoin (BTC) has begun 2023 in a blaze of glory, finally returning to levels over $20,000. As history has shown, where BTC leads, other currencies follow, proving to be the case again in 2023. These gains are symptomatic of a more comprehensive market recovery, which could be seen when the price of MATIC increased by more than 70% at the start of the year.

AltSignals is already well-established as a market leader in crypto trading signals, boasting a community of more than 50,000 members. It has recently announced the release of a new native ASI token in a presale event that launched in March of 2023. $ASI already has significant built-in utility, which will grow with the release of its new ActualizeAI algorithm and will likely lead to high potential returns for early investors.

What is Polygon?

Polygon is a DeFi project designed to improve the scalability issues of Ethereum by allowing developers scope to build user-friendly, decentralized applications (dApps) and efficiently scale them to their needs. Benefits to users alongside the ease of scalability are extremely low transaction fees and excellent levels of security.

Polygon’s network takes the best features of Ethereum’s blockchain and combines them with other chains to create fully-fledged multi-chain systems. This combination of features ensures that dApps fully benefit from the best parts of Ethereum’s network while providing a fast, more powerful engine for developers to utilize.

Polygon (MATIC) price prediction: $2 in 2023?

Analysts have been revising their Polygon price prediction upwards for 2023 following the bullish start to the year experienced across crypto markets. This manifests itself in an optimistic cryptocurrency price prediction for MATIC this year.

The MATIC token is currently valued at $1.02 and the most bullish analysts aren’t ruling out a return to above $2 levels by the end of the year. However, other Polygon price predictions are more moderate, expecting a value of around $1.80 to $1.85 by the end of 2023.

What is AltSignals?

Already one of the largest crypto trading communities in Web3, AltSignals consistently provides its vast global community with access to the most sought-after trading signals, a feature that will be turbocharged with its new ActualizeAI capability, which uses machine learning to provide the best trading alpha. Its innovative AltAlgo™ Indicator tool is critical in producing this trading alpha, continuously scanning markets in real-time to provide intel on the optimum time to buy and sell currencies.

With its intelligence capability covering all major crypto coins, including BTC, Litecoin (LTC), and Ethereum, AltAlgo™ is already a trusted provider of market indications. Backtesting of the tool boasted an outstanding 83.56% success rate on BTC trades and an excellent success rate of 70.09% on ETH trading. These results, alongside a 4.9/5 rating on Trustpilot thanks to almost 500 positive reviews, illustrate why many traders trust AltSignals.

How does $ASI work?

ASI coin holders gain access to some exciting special features on AltSignals’ platform, including its new ActualizeAI tool which will use machine learning, natural language patterns (NLP), and predictive modeling to help improve the success of its trading signals. This feature alone seeks to provide ASI token holders with the potential to grow their crypto holdings significantly.

Additionally, $ASI has multiple ways in which it holds additional utilities that coin holders can unlock. For example, its AI Member Club members receive beta access to new AltSignals products and features. This means that as soon as new features are developed and released, group members are granted exclusive access for a limited period and can provide AltSignals’ development team with direct feedback.

Can $ASI reach $1 in 2023?

The ASI presale is likely to get off to an electric start as it releases at $0.012 thanks to the support of its vast existing user base and an existing, established project. Already one of the biggest in the crypto industry, the community is set to snowball in the coming months and years.

With the price of $ASI predicted to rise to $0.02274 by the end of the presale, analysts expect interest to increase when it goes live on centralized exchanges. Analysts who focus on cryptocurrency price predictions believe that $1 is a realistic expectation for 2023 thanks to its community-led approach, enhanced use of innovative AI tools, and excellent existing reputation.

AltSignals vs. Polygon price prediction: Which to buy?

With 2023 already seeing cryptocurrency price predictions rising across the board, existing MATIC holders can look forward to exciting rises in the value of their holdings in 2023. However, new investors sinking their funds into MATIC will see moderate returns compared to those potentially offered by ASI.

AltSignals has the potential to become an industry leader in the adoption of cutting-edge AI technologies, taking its trading signals solutions to another level. A limited number of ASI tokens are available during the presale, so investors would be wise to look into the project soon and avoid disappointment at missing out on what could be the best buy of 2023.

You can participate in the AltSignals presale here.

The post Cryptocurrency Price Prediction: How High Can AltSignals and Polygon Go In 2023? appeared first on CoinJournal.

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Fake Blur airdrop websites steal $300k from unsuspecting users

  • Blur is currently the king of NFT marketplaces after it dislodged OpenSea from the top position.
  • Several fake websites have come up after the Blur NFT marketplace announced its airdrop program.
  • The fake websites have so far scammed users about $300,000.

TrustCheck, a free, zero-click browser extension that scans Ethereum-based web3 transactions for threats, and stops them in their tracks, has revealed that unsuspecting users have been scammed over $300,000 by fake websites posing as Blur airdrop websites.

The scammed users have linked their crypto wallets to malicious wallets. One of the malicious website URLs is said to have faked the ETH Denver conference website and is linked to a notorious phishing wallet address that has stolen over $300,000 to date.

Blur Airdrop

The real Blur NFT marketplace platform is a newcomer in the NFT marketplace industry and has made headlines by surging to the top position after unseating the OpenSea NFT marketplace and forcing it to implement limited-time 0% fees. 

Blur has had a boom in user numbers and trading volume buoyed by the platform’s three-phase BLUR token airdrop incentive scheme.

Blur conducted its first airdrop awarding BLUR tokens to anyone who traded NFT on Ethereum for the six months leading to the launch of the Blur platform in October 2022. The second airdrop awarded BLUR tokens to traders who listed NFTs on the platform before December 6. The third airdrop which is currently ongoing seeks to award BLUR tokens to users depending on their activity on the platform.

From February 15, 2023, Blur started distributing 10% of its total BLUR token supply to users via Airdrops based on their trading activity.

BLUR airdrop scams

The airdrop program has led to a surge in the demand for BLUR tokens something that scammers have taken advantage of by promoting fake BLUR airdrop links that lead to malicious websites.

Data shared by TrustCheck show that 24 malicious websites have been involved in the scamming scheme and some of the websites are still functional. NFT users are warned to be careful when connecting wallets to websites especially if it’s a case of the BLUR airdrop.

The post Fake Blur airdrop websites steal $300k from unsuspecting users appeared first on CoinJournal.

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BIT price flat as BitDAO seeks to change Bybit’s contributions to treasury

BitDAO’s BIT price was little changed on Thursday after the developers unveiled a new proposal for adjusting Bybit’s contributions to its treasury. The goal of this proposal will be to improve the token’s tokenomics and lead to more decentralization. 

BitDAO proposes new Bybit contribution mechanism

In a statement, BitDAO, one of the biggest decentralized autonomous organizations (DAO), said that a core contributor had submitted a key proposal that will change its tokenomics. The proposal primarily targets the contributions made to Bybit, one of the biggest cryptocurrency companies in the industry. 

The main part for the new adjustment will be to modify the Bybit contributions from a dynamic exchange-linked amount to a fixed scheduled amount for over 4 years. The schedule will start at 120 million BIT per month. To boost its tokenomics, the amount will halve every year. 

Further, the new changes will help to retain Bybit’s contributions in the community instead of burning them. Burning is a process of removing tokens from circulation by locking them in an unopenable or inaccessible account. 

Why this upgrade matters

The upgrade will have numerous outcomes. For one, it will help to increase the stability and predictability of BIT’s tokenomics. This will happen by having a clean schedule of Bybit’s activities going forward. Further, it will lead to more decentralization of BIT’ holdings and overall governance. 

Most importantlt, it will reduce the number of BIT in circulation from about 6 billion to 3.3 billion in the next few years. Reduced supply of tokens tends to have a positive impact on a crypto token’s price. At the same time, BitDAO will have a 1.8x boost for its economics and voting power.

Bybit is an important part of BitDAO’s community. Over the years, it has contributed over $600 million USDT/USDC and 177k Ethereum to BitDAO Treasury. The statement said:

“BitDAO will continue to partner with Bybit in terms of product ideation, bootstrapping product development, BIT integration, and product distribution.”

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Cathie Wood: Crypto did not force SVB and Signature Bank into bankruptcy

  • Cathie Wood says crypto had “nothing to do” with SVB and Signature Bank collapses.
  • Rather, it’s Fed policy that “caught many regional banks offside.”
  • According to her, the banks suffered as a result of assets/liability mismatch.

Cathie Wood, the founder and CEO of ARK Invest, says crypto isn’t responsible for the failed Silicon Valley Bank (SVB) and Signature Bank, which was shut down by US authorities last Sunday.

Rather, she contends that the bankruptcies of Silicon Valley Bank and Signature Bank were a result of the Federal Reserve’s policy. She believes that the lack of venture capital funding and higher yields on money market funds led to a reduction in deposits in the US banking system, contributing to the banks’ financial troubles.

Wood: the Fed caught many regional banks offside

According to the highly respected asset manager and investor, the banks’ struggles are not due to crypto but down to regulatory and systemic issues, with many banks caught unawares after the surplus money flows of the COVID-19 era.

“Crypto had nothing to do with the banks’ investment decisions, nor the Fed’s decision to jack up interest rates 19-fold in less than a year. Incorrectly assuming that it was fighting a seventies-style inflation, the Fed caught many regional banks off sides with unrealized losses,” she argued.

In a Twitter thread posted on 16 March, the ARK Invest executive noted that despite the yield curve inverting in July 2022, and with credit default swaps “flashing red”, the Fed maintained its upward rates trajectory. In her view, the Fed failed to take note of unwinding inflation indicators, including commodity prices.

 “I am baffled that banks and regulators could not convince the Fed that disaster loomed. Did they not understand that the asset/liability mismatch – normal in most circumstances for banks – was untenable as deposits left the banking system for the first time since the 1930s?,” the ARK Invest CIO added.

Commenting on what happened last week, with the government shutting Signature Bank after SVB’s collapse, Wood says that all this is just about regulators trying to scapegoat crypto. In her opinion, cryptocurrency is “the solution to central points of failure, opacity, and the regulatory mistakes.”

Wood’s comments came as House Republican Whip Rep. Tom Emmer, said he had written to FDIC Chairman Martin Gruenberg about reports the agency was “weaponizing” the instability witnessed in the banking sector to purge cryptocurrency activity from the United States. 

Wood believes this scapegoating could see the US miss out on what is likely the most important innovation so far.

The ARK Invest CEO also commented on the overall market performance of cryptocurrencies amid the banking sector fallout. According to her, crypto acted more like safe haven assets as bank stocks tanked.

As highlighted here earlier this week, indeed Bitcoin price broke above $26,000 to lead the broader crypto market higher as markets reacted to CPI data. Erlier, stock markets had floundered under the weight of uncertainty fueled by crisis in the US banking industry.

The post Cathie Wood: Crypto did not force SVB and Signature Bank into bankruptcy appeared first on CoinJournal.

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The US Government wants the Voyager-Binance deal to be halted

Key takeaways;

  • The US Government wants to halt the $1 billion deal between Binance.US and Voyager Digital.

  • The government said the deal should be on hold while key legal objections are ironed out.

  • Binance looks prime to acquire Voyager Digital’s assets after FTX’s collapse in November.

Government seeks to halt the Voyager-Binance.US deal

The United States government revealed in a filing on Tuesday that it wants the $1 billion deal offered by Binance.US to buy assets of bankrupt crypto lender Voyager to be put on hold until key legal objections are ironed out. 

This latest cryptocurrency news comes after an appeal by the U.S. Trustee, a branch of the Department of Justice responsible for bankruptcy cases. The US Trustee has concerns that the deal would ensure that Voyager and its staff would not be held responsible for breaches of tax or securities law.

The filing by U.S. Attorney Damian Williams said;

“The Court cannot tell the Government to speak now or forever hold its peace before Voyager and Binance.US wed. Nothing in the Bankruptcy Code permits courts to exculpate parties from liability to the Government for past and future conduct.”

According to Williams, the approval of the deal should be paused, or at least the parts which limit the US Government’s ability to enforce the law, until appeals are properly addressed in higher courts. 

Binance.US looks set to complete Voyager Digital’s acquisition

The appeal comes a week after New York bankruptcy judge Michael Wiles approved the deal. The judge showed considerable skepticism of arguments from the Securities and Exchange Commission, which argued that Voyager’s VGX token might be an unregistered security.

Last month, Voyager Digital sold some of its assets through the US-based cryptocurrency exchange Coinbase.

The company received roughly $100 million in the USD Coin (USDC) stablecoin for sales of several tokens, including Shiba Inu, Ethereum and the native Voyager Token.

Binance.US took the prime position to acquire Voyager Digital’s assets after the collapse of FTX. FTX previously agreed to acquire Voyager Digital before the collapse of the cryptocurrency exchange.

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