Schlagwort: crypto market news

Those who missed out on Shiba Inu and Dogecoin coins when there was a quick surge may have felt as though the likelihood of such riches in the market has come and gone. However, do not fret because the market never disappoints and it is always open for business. Two projects (Rexas Finance (RXS), and Toncoin (TON)) in the crypto market are emerging as the ones to watch and make the most of the next big surge. Let’s see how these two coins might be the ones to keep your eyes on and purchase today.

Rexas Finance (RXS): An Innovative Approach to Tokenize Real-Life Assets

Rexas Finance (RXS) is consistently ranked among the top projects in the decentralized finance (DeFi) and tokenization spaces. Rexas was established on the principle of the Real-world Asset (RWA) token and sought to transform the sectors of the economy involved in finance and blockchain into one seamless system. This platform will enable the easy and fast conversion of physical assets such as real estate, works of art, and commodities, as well as intellectual property rights into digital assets.At present, Rexas Finance is in the third stage of presale where tokens are offered at $0.05 per token, this being stage 3 after successfully raising $1.25 million in stage 2 presale. The presale has gained more publicity on account of its previous sales. Those who bought into Stage 1 at $0.03 have already made a return of 66% and that price is set to increase further as the project picks up.

Why Invest in Rexas Finance?

Real World Asset Tokenization: Rexas Finance is allowing new market opportunities for the physical and nonphysical assets being tokenized. With fractional ownership at the most minimal level, many investors may invest in areas that have been considered difficult to invest in such as real estate or art as the assets can be represented by blockchain-based digital coins.

Decentralized and Transparent: The application of blockchain enhances security and transparency levels that conventional financial institutions could hardly encore. A Stating Smart contract creates a situation where a transaction is carried out only in the manner that it was envisioned which lowers the fraud risks associated with it and makes asset movement simpler.

Broad Use Cases: Rexas Finance is multi-purpose in this regard. It caters to fundraising for new projects, community-governed tokens, event organization, and management in addition to partial ownership to mention but a few of its applications. This ability to be multi-functional helps it distinguish itself from most single-use tokens.Rexas’ presale shows signs of strengthening the cornerstone of the project. Intercontinental Exchange now thinks it will launch at $ 0.20. Meaning, those who buy into this early stage may watch their investments grow by 500x making this attractive for anyone looking to ride the next wave.

Toncoin (TON): Future blockchain model

Toncoin (TON) is another token that’s steadily establishing itself in the global cryptocurrency market with new functionalities coming into play thanks to the concept of scalability. For the reader’s orientation, Toncoin is a native currency supporting The Open Network (TON), a blockchain seeking to provide high-speed transactions, decentralized apps, and other services.TON is a reasonable blockchain network since it does not have a high proneness to solve problems of network cost and scalability that are typical of many blockchains today, most especially Ethereum. Due to its design that incorporates multi-layer consensus, the network can support several million transactions per second (TPS), thus ranking as one of the most effective and fastest-accessed blockchain-based platforms.

Why Invest in Toncoin?

Telegram Support: Although Telegram was unable to pursue the project due to regulatory constraints, Toncoin bears the trademark and has managed to obtain popularity inside the Telegram community and even more. It even has a base on social networking since it has a messaging app installed compulsorily to help its members which are 500 million in number.

Scalability and Speed: This is why it is a multi-paper scalable blockchain platform emerging as a promise for dApps, payments, and DeFi projects. It is great against giants such as Ethereum because of the faster transaction Ls and low fees.

DeFi and NFTs: Not only is TON looking at scalability, but it is also intending to play an active role in the DeFi and NFT ecosystems. Toncoin is emerging as a threat to ETH, Solana, and other major players with quick transactions and less expensive gas fees.

Although, Toncoin has been gaining equal steam with regards to the likes of Bitcoin Cash that say they can lower transaction speed and cost, which is a beefy sell point for people who want to keep an investment without utilizing it for the distractive purposes of a repository.

Conclusion

If you regret missing out on Shiba Inu and Dogecoin then don’t stress—you still have another opportunity to grab the next turning point in the cryptocurrency space. 

Rexas Finance (RXS) and Toncoin (TON) are two projects that are set to grow tremendously on the launch day. Rexas is at the presale 3 stage at $0.05 with a great likelihood of surging once it’s launched owing to its unique platform that helps in tokenizing real-world assets. On the other hand, Toncoin is aiming to become one of the leaders in the DeFi and blockchain industry with its highly extensible network.

These two projects are in the very early stages so you have an opportunity to get in them at the beginning and be among the beneficiaries when the projects mature. As always, be prudent and conduct research and analysis of risks, but Rexas Finance and Toncoin are good options for those who want to enter the world of cryptocurrency.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Cryptocurrency: Top 2 Coins to Buy Today if You Missed Out on Shiba Inu (SHIB) and Dogecoin (DOGE) appeared first on CoinJournal.

• PayPal enables US business accounts to buy, hold and cell crypto.
• Service will initially be unavailable to users in New York State.

PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business accounts.

In an announcement on Sept. 25, PayPal said clients with businesses across the US can now purchase, hold or sell crypto directly from their merchant accounts. The company’s move follows increased demand for the service, which PayPal and Venmo retail users have enjoyed since 2020.

“Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” Jose Fernandez da Ponte, senior vice president of blockchain, cryptocurrency, and digital currencies at PayPal, said.

Enabling access for merchants meets this demand, and also empowers business owners to tap into and benefit from digital currencies.

In this case, PayPal also plans to enable on-chain crypto transfers for US merchants, with these available to “eligible” third-party wallets. This means business accounts will be able to send and receive supported tokens.

Not available in New York state

While merchants across the US will have access to the crypto service, PayPal has announced that the service will not be available to business account holders in New York state. However, PayPal holds the BitLicense and trust license from the New York Department of Financial Services.

PayPal’s latest announcement adds to recent steps that represent the company’s growing push into the digital assets and blockchain space. Following its launch of crypto support in 2020, the payments giant followed it up with the unveiling of its PayPal USD (PYUSD) stablecoin in 2023.

Earlier this month, PayPal and Venmo integrated Ethereum Name Service (ENS). The integration added ENS domain names, allowing for streamlined crypto transactions.

Meanwhile, PYUSD recently expanded to Solana and is also available to Xoom users.

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• Worldcoin price rose 23% to hit $2.14 and outperform all top 100 coins by market cap by 24-hour gains.
• The jump in WLD price came as Worldcoin expanded its World ID to Guatemala, Malaysia and Poland.
• WLD has spiked since bouncing from lows of $1.35 on Sept. 6.

Worldcoin (WLD) price traded as the largest gainer among cryptocurrencies in the top 100 by market cap on Wednesday as its price soared more than 23% in 24 hours.

The token’s value hit an intraday high of $2.14, it’s highest level since August 1, 2024. Latest upside follows the rebound from lows of $1.35 reached on September 6.

The gains saw the WLD token outpace Sei (SEI), Popcat (POPCAT) and Starknet (STRK) in the top 100 by market cap. SEI and POPCAT tokens were double digits higher at the time of writing, posting 18.8% and 12.5% respectively.

Meanwhile, STRK was up 8.5%. For Starknet, gains came as the zero-knowledge layer 2 network announced phase one of its staking was now live.

Worldcoin expands World ID verification

On Sept. 25, the Worldcoin team announced that it had achieved three new World ID verification launches in Guatemala, Malaysia and Poland.

1 week, 3 World ID verification launches 🇬🇹🇲🇾🇵🇱 pic.twitter.com/CwwNPNUPzh

— Worldcoin (@worldcoin) September 25, 2024

The expansion adds to the growing number of countries where the World ID, the project’s AI related digital passport, are available. Worldcoin’s entry into these countries comes on the back of the company’s expansion in Europe in July.

On Sept. 19, the project announced its test launch of Face Auth, a new feature that allows for proof of humanness online.

According to Worldcoin, Face Auth offers a “private 1:1 face comparison.” With this feature, only individuals who verify their World IDs using a Worldcoin orb can use it.

Earlier this month, interoperability platform Wormhole integrated World ID on Solana, allowing developers on the layer-1 blockchain to authenticate users’ World IDs initially verified on Ethereum.

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• Curve Finance is considering dropping TUSD from crvUSD backing amid SEC charges.
• The SEC alleges TUSD was mostly backed by a risky offshore fund, not U.S. dollars.
• Proposed changes include reducing TUSD backing to zero and lowering PYUSD minting.

In light of recent regulatory scrutiny, Curve Finance, a prominent decentralized exchange (DEX), is contemplating the removal of TrueUSD (TUSD) from its collateral options for the Curve Stablecoin (crvUSD).

This consideration follows charges filed by the United States Securities and Exchange Commission (SEC) against TrueCoin, the issuer of TUSD, for violations of securities laws.

Proposal to drop TrueUSD backing for crvUSD

On September 25, a proposal was posted on Curve’s governance forum by Wormhole, a cross-chain messaging protocol. The proposal suggests reducing the upper limit on TUSD backing for crvUSD to zero, aiming to eliminate exposure to TUSD amidst rising regulatory concerns and issues regarding its solvency.

Currently, the PegKeeper liquidity pool associated with crvUSD allows users to mint up to $10 million worth of crvUSD using TUSD as collateral.

Additionally, the proposal recommends decreasing the minting capacity of crvUSD with PayPal’s stablecoin, PYUSD, from $15 million to $5 million, ensuring a balanced reliance on the PegKeeper pools corresponding to the significance of each respective asset.

This strategic adjustment reflects Curve’s intention to enhance stability and mitigate risks associated with regulatory uncertainties.

Concerns over TUSD reliance

The SEC’s recent actions, particularly the charges settled against TrueCoin and TrustToken for fraudulent and unregistered sales of investment contracts involving TUSD, have heightened concerns within the crypto community.

The SEC’s complaint alleges that TrueCoin and TrustToken misled investors by claiming that TUSD was fully backed by US dollars when, in reality, a substantial portion of its reserves—specifically, 99%—was invested in a speculative offshore fund.

This risky investment strategy has raised alarms about the reliability of TUSD as a stable collateral option.

Following these revelations, TrueCoin and TrustToken neither admitted nor denied the allegations but agreed to final judgments that prohibit them from future violations of federal securities laws. They will also incur civil penalties of $163,766 each as part of the settlement.

Currently, crvUSD’s backing includes various cryptocurrencies, with Wrapped Bitcoin (WBTC) holding the largest share, amounting to over $68 million in total value locked (TVL).

Wrapped Staked Ether (wstETH), issued by Lido Finance, follows with approximately $60 million in TVL.

The community proposal underscores the need for greater diversification among PegKeepers, pointing to the risks associated with over-reliance on lesser-known stablecoins like TUSD, which has faced scrutiny in light of its recent regulatory challenges.

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