Schlagwort: crypto market news

Key takeaways

• Bitcoin Dogs will launch its game by the end of the month.
• $0DOG is up 12% in the last 24 hours as it climbs above $0.010

Bitcoin Dogs to roll out its game by month-end

The Bitcoin Dogs team has revealed that it will launch its Web3 game by the end of the month. In an X post over the weekend, Bitcoin Dogs told its community to prepare to earn big.

Bitcoin Dogs’ Telegram-based Play-2-Earn (P2E) game looks to leverage the millions of users already playing several Telegram games. The Telegram game will feature an in-game currency known as Bark, which players are expected to earn by playing. 

What is Bitcoin Dogs?

The cryptocurrency market performed excellently over the last seven days, with Bitcoin touching the $69k level again. This allowed new projects like Bitcoin Dogs to recover from their recent bearish move and rally higher. 

Bitcoin Dogs is a new project offering products and services to users in the Bitcoin ecosystem. The project is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. 

Bitcoin Dogs raised $13 million during its presale and is now using the funds to integrate basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

$0DOG, Bitcoin Dogs’ native token, is live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools. 

$0DOG surges by 12%

$0DOG is recovering from its recent slump and has added more than 12% to its value in the last 24 hours. Thanks to this rally, Bitcoin Dogs now trades above $0.010 per coin. 

Bitcoin Dogs is up 69% from its all-time low but is still down from the $0.01792 all-time high it set two months ago. In the last seven days, $0DOG added 58% to its value, outperforming Bitcoin and the broader crypto market. 

Investors are still taking advantage of the recently launched $0DOG-ETH LP Farm, as it offers an APY of 447%. 

Should you buy the Bitcoin Dogs token now?

The crypto market is recovering from its recent slump and could surge higher ahead of the upcoming presidential election in the United States. $0DOG is down from the all-time high of $0.01792 it achieved two months ago. 

After adding 58% to its value in the last seven days, Bitcoin Dogs could surge higher as the team rolls out new products, including its upcoming Web3 game. These developments could push $0DOG’s price higher in the medium to long term.

The post Bitcoin Dogs game to launch by month end as $0DOG adds 12% appeared first on CoinJournal.

Poodlana is among the cryptocurrencies to record a flip in price direction as the ecosystem recorded $2.2 billion in digital assets investment inflows. While Bitcoin, Ethereum, and Solana eye key support levels, its likely the positive sentiment pushes other alts higher.

What this means is that Poodlana price could go parabolic amid highly anticipated US election?

Digital assets hit $2.2 billion inflows

According to CoinShares, total inflows into the crypto investment products market reached $2.2 billion last week, the largest mark since July 2024. Total assets under management has jumped to near $100 billion, the digital assets investment firm said in a weekly report published on Oct. 21.

Key to the surge in interest in cryptocurrencies is the increased bet on a possible Donald Trump victory in the US elections set for Nov. 5.

“We believe this renewed optimism stems from growing expectations of a Republican victory in the upcoming US elections, as they are generally viewed as more supportive of digital assets. This, in turn, has led to positive price momentum,” CoinShares wrote in a blog post.

With the Republican candidate viewed as crypto-friendly, Bitcoin has surged to near $70k and could explode higher. Optimism helped pull over $2.1 billion into Bitcoin exchange-traded products amid a 30% spike in trading volumes.

Altcoins gain amid ETP inflows

As CoinShares data shows, there were also notable inflows into altcoins. Ethereum, whose price touched $2,763 on Monday, recorded $58 million in inflows into Ether ETPs last week.

Solana’s price, on the other hand, jumped to near $170 and saw $2.4 million in inflows. Meanwhile, Litecoin attracted $1.7 million and XRP $0.7 million as respective prices also rose.

With the price outlook for these alts positive, its likely continued bullish sentiment will pull other altcoins higher. In this category could be leading meme coins within the Solana ecosystem, one of which is recently launched Poodlana (POODL).

Poodlana price holds key level

Poodlana is a luxury-fashion and poodle dog inspired meme coin that went live on exchanges on Aug. 16 after a quickfire 30-day presale. Gate.io, MEXC and Raydium all list POODL, while the community wish list includes the world’s largest crypto exchange Binance.

The POODL price has struggled for upside momentum since its trading debut. However, bulls have managed to hold above $0.00. It suggests that a flip in overall trajectory for cryptocurrencies could offer Poodlana the tailwinds it needs to skyrocket.

Similar trends were observed with coins such as Popcat, Pepe and dogwifhat – an initial dip followed major gains before prices exploded again.

POODL looks set for its own surge.

Likely to play a huge role is the Poodlana community that’s expanded rapidly since the token’s viral entry in the market. Asia, where the poodle is a top dog breed, leads this growth metric.

For more about Poodlana, check out the official website.

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• Nicolas Cary and Al Turnball received a summons from Companies House in May
• Blockchain.com blamed the late filing on a restructuring of the company and a “significant reduction in the wider group’s workforce”
• The company filed business accounts for the year ending 2020 in October

London-based Blockchain.com is facing prosecution after two senior executives failed to submit company records on time.

The Telegraph reported that Nicolas Cary, Blockchain.com’s co-founder and president, and operations executive Al Turnball received a summons by Companies House in May.

According to the report, Blockchain.com only filed its business accounts in October for the year ending 2020. However, the legal claims focus is on the company’s delayed filing of accounts for the year ending December 2022.

Blockchain.com blamed the late filing on a restructuring of the company and a “significant reduction in the wider group’s workforce,” which the company said has taken time to stablize.

In its 2020 accounts, Blockchain.com said it had hired legal advisors and was preparing to defend the charges against it.

The case was heard at Cardiff Magistrates Court on September 25 and another hearing is expected on November 26.

A spokesperson for Blockchain.com said:

“Blockchain.com takes seriously our compliance with license and regulatory requirements around the world. We have sorted all necessary documents related to this entirely administrative matter, and are confident it will be closed quickly.”

Established in 2011 by co-founder Peter Smith and Nicolas Cary, Blockchain.com has 37 million verified users, serves more than 200 countries, has over 89 million wallets, and has processed more than $1 trillion worth of transactions. Some of its investors include Baille Gifford, DST Global, and Google Ventures.

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• APE price reached highs last seen in April, surging more than 15% in 24 hours to break to $1.66.
• The ApeCoin price was up more than 100% in the past week amid news around the launch of ApeChain.

ApeCoin (APE), the governance and utility token of the ApeCoin web3 ecosystem, rose more to its highest price level since early April.

The APE token, related to the Bored Ape Yacht Club (BAYC) ecosystem, reached intraday highs of $1.66 to see its gains over the past week top 100%. ApeCoin last traded around these levels in April after Bitcoin led cryptocurrencies higher in the rally to above $73k.

Why is ApeCoin price surging?

APE’s gains came as BTC surged to above $69,300 over the weekend. However, there’s another catalyst that looked to have been at play for ApeCoin price.

That’s the launch of ApeChain, a blockchain network offering a layer-3 chain on Arbitrum One. Yuga Labs, the developer of BAYC, announced ApeChain’s debut on Oct. 20.

Horizen Labs and OffChain Labs proposed the launch of ApeChain in December 2023. Debut for the new blockchain network brings NFTs, trading and decentralised applications to APE token holders.

ApeChain bridge is also live, which means holders can transfer APE to ApeChain to earn staking yield. Support includes APE, Ether (ETH) and stablecoins. Meanwhile, integration with LayerZero on the ApeChain mainnet brings the benefits of cross-chain transfers and interoperability to the community.

The APE token traded around $1.53 at the time of writing, about 15% up in the past 24 hours. It reached its all-time of $26.70 in April 2022, which puts the current price about 94% off the all-time peak.

However, APE/USD has surged more than 215% since dropping to lows of $0.482 on August 5, 2024 when most cryptocurrencies crashed alongside BTC.

The potential ascending triangle pattern breakout could nonetheless provide bulls with new impetus.

The post APE price surges after Yuga Labs launches ApeChain appeared first on CoinJournal.

• Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge.
• The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024.

Stripe has completed the acquisition of Bridge, a stablecoin platform that helps companies and businesses accept payments in stablecoins.

According to TechCrunch founder Michael Arrington, Stripe’s deal for Bridge is valued at $1.1 billion and is the fintech company’s largest to date. The TechCrunch founder shared the news via X.

Stripe’s acquisition of Bridge comes after reports of talks for a deal surfaced last week. This also comes after Stripe, which has recently increased its visibility in the crypto space with recent deals such as TaxJar and Lemon Squeezy, unveiled its latest crypto-focused feature.

The ‘Pay with Crypto’ feature, which integrates Paxos, allows companies to add stablecoins to their checkout systems. It’s a step that has also seen several other platforms partner to bring stablecoin payments to more businesses.

Stripe partners with Paxos to launch stablecoin payments platform https://t.co/4Zp4Ya4JmN

— CoinJournal (@CoinJournal) October 15, 2024

Stripe had previously halted crypto payments in 2018 before making a reentry in April 2024. Stripe also partnered with Coinbase to integrate Base, a layer-2 network, in June. In July, the fintech expanded its crypto product to the European Union.

The most recent milestone saw Stripe re-introduce crypto payments with USDC on Ethereum, Solana and Polygon.

Meanwhile, entrepreneurs Sean Yu and Zach Abrams unveiled Bridge in 2022. The platform raised $58 million from venture capital investors, with $40 million secured during a Series A round at a valuation of $200 million.

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