Schlagwort: crypto markets

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Shiba Inu’s 30% surge causes a social media sensation: here’s where to buy SHIB

Shiba Inu has become a sensation on social media after registering a surge of about 30% over the weekend. The surge sent SHIB price to a high of $0.00001766 before retracing to its current price of $0.00001575.

At the time of writing, Shiba Inu was still bullish as analysts still predict a further price in the coming days.

To help new investors and traders who are eyeing the coin, Coinjournal has created on why SHIB surged over the weekend while also providing insight on some of the best places where SHIB can be purchased.

To find out more, please continue reading.

What caused the weekend Shiba Inu price surge?

Crypto traders and investors are attaching the SHIB price surge to Shiba Inu’s metric which is showing a rise in the SHIB burn rate. On August 14, when SHIB registered a 27% surge, the burn rate had jumped by 85%. To date, the Shiba Inu network has burned SHIN tokens worth over $6.36 million worth.

Approximately ten days ago, Binance also announced that it had added AVAX and SHIB support on its payment cards issued in Europe thus giving Shiba Inu more exposure to the European market.

Shiba Inu price prediction

A majority of crypto analysts predict a further SHIB Inu price surge in the coming days seeing that SHIB has broken out of a prevailing cup-and-handle pattern. The breakout has raised Shiba Inu’s prospects of registering a further price hike.

The majority are expecting the meme coin to register a 50% surge by September with a price target of $0.00002253.

Best places to buy Shiba Inu

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy SHIB with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy SHIB with Capital.com today

$SHIB social media trends

 

 

 

 

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Zipmex gets a three months moratorium extension to resolve liquidity issues

The Singapore High Court has given Zimplex crypto exchange a three months moratorium extension to resolve its liquidity issues.

Zimplex, a leading South Asian crypto exchange, has been going through tough times that resulted in an abrupt halting of client withdrawals last month before allowing limited withdrawals a week later. The exchange later filed for bankruptcy protection in Singapore seeking protection from creditors.

In its petition, Zipmex Group was requesting a six-month moratorium extension for its five entities: Zipmex Asia, Zipmex, Zipmex Thailand, Zipmex Australia, and Zipmex Indonesia to avoid any potential creditor lawsuits. However, the court has granted it just over three months to address its liquidity issues. The extension was extended to December 2.

Zimplex joins Vauld, which like Zimplex had halted withdrawals in July and received a three months moratorium extension earlier this month from the Singapore High Court.

Zimplex’s liquidity crisis

Zimplex liquidity crisis was triggered by its exposure to Celcius and Babel Finance, two crypto lenders that have been on the verge of insolvency. Both Celsius and Babel Finance have halted withdrawals to date.

Zimplex is currently working on resolving its financial crisis in the hope of re-enabling fund transfers between its Trade and Z wallets soon. In particular, Zimplex is presently seeking to raise funds and it recently said it signed a memorandum of understanding with two investors.

The Z wallet from which clients are currently not allowed to withdraw assets allows users to use the ZipUp+ feature to deposit crypto holdings and earn rewards. It also allows users to deposit and withdraw fiat currency and trade and store cryptocurrencies.

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Ethereum Merge upgrade date will depend on Hashrate – Vitalik Buterin

Ethereum’s co-founder Vitalik Buterin in a tweet today hinted that the actual date of the Ethereum Merge would depend on hashrate.

Bordel.wtf had earlier predicted that the upgrade would take place on September 15 and although Ethereum Foundation and Ethereum co-founder Vitalik Buterin have not strongly asserted a date, September 15 seems to be the likely date based on the current hashrate which is at 879.2 TH/s.

According to Butterin’s tweet, the terminal total difficulty (TTD) has been set to 58750000000000000000000.

Once the TTD is reached, Ethereum Mainnet will merge with the Beacon Chain and transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism.

Fixed number of hashes remaining

According to Buterin, Ethereum mainnet PoW now has fixed hashes remaining to mine.

If the hasrate stays near the current hashrate 879.2 TH/s, the merge will happen by the anticipated date of September 15. However, if the hashrate changes, the Merge date will definitely change.

Ethereum Network currently requires to maintain an average hashrate of 872.2 TH/s to achieve the set TTD of 58750000000000000000000 BY September 15 at 04:44 UTC.

Goerli testnet Merge is already done

This week, developers successfully completed the Goerli testnet Merge and all eyes are now set on the upcoming Bellatrix and Paris upgrades which are tentatively scheduled for September 6 and September 15.

However, the Merge is expected to happen before the Bellatrix upgrade and before the end of September.

The crypto community is eagerly awaiting the Merge upgrade which is also expected to have a very significant effect on the price of ether (ETH).

The post Ethereum Merge upgrade date will depend on Hashrate – Vitalik Buterin appeared first on CoinJournal.

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Ballet Crypto CEO: Bitcoin doesn’t have to follow Ethereum on PoS

Ballet Crypto CEO Bobby Lee has added his voice to the many in the industry who say the pioneer PoW blockchain does not have to follow Ethereum’s path.

Bobby Lee, the CEO of Ballet Crypto, a US-based crypto storage app provider, believes Bitcoin (BTC) is fine just where it is in terms of its consensus mechanism.

Like most within the Bitcoin community, there is no need to contemplate an upgrade similar to what Ethereum (ETH) has pursued for several years now – the switch from a proof-of-work (PoW) to proof-of-stake (PoS) mechanism.

Lee’s comments were part of a broader outlook on Ethereum’s upcoming Merge set for September, and the overall bullish picture after that. He also touched on what the transition could mean for Bitcoin, the leading proof-of-work network.

The Ballet Crypto CEO, who says he is “very bullish” on crypto, shared these views with Bloomberg Television on Friday.

Bitcoin and Ethereum’s PoS switch

This week has seen Ethereum successfully activate the third of its testnets ahead of the ETH 2.0 transition via the “Merge”.

The event, slated for mid-September, has been coming since the launch of the Beacon Chain in 2020, with millions of Ether, the native token on the Ethereum network staked amid investor expectations of benefitting – not from mining, but as validators.

Amid this slow move towards the upgrade has been a call from some quarters for Bitcoin to also consider proof-of-stake, the main contention being the huge amounts of energy needed to run and secure the benchmark cryptocurrency’s network via mining.

According to the Ballet Crypto chief, attention could turn to Bitcoin if Ethereum ends up with a successful PoS network. But despite what might be a “fierce debate” on this, Lee thinks Ethereum and Bitcoin being different fundamentally means the two blockchains can go on to follow different consensus paths after the “merge.”

“Fundamentally Bitcoin and Ethereum are different even though they’re routinely lumped into the same bucket as decentralized cryptocurrency. But the reality is that they’re quite different, because Bitcoin is more about money as an underlying asset class whereas Ethereum is more about a global computation system – like a global internet computer system,” Lee told Bloomberg.

In his opinion, Bitcoin will remain a store of value and used as money, while Ethereum is set to continue running smart contracts and enable things like DeFi and NFTs and many more applications and tokens.

“And for that matter it’s not that it’s not critical that Bitcoin has to follow Ethereum for its consensus mechanism. They can be different. And right now they’re going in different directions” he added.

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The ultimate 2022 ChangeNOW review

ChangeNOW is the brand of CHN Group Limited, founded in 2017 with head office in Seychelles. It also has a branch in Amsterdam.

The platform supports almost 400 cryptocurrencies, coming to an impressive 70,000 trading pairs.

How does it work? 

ChangeNOW looks for the best exchange rates that exist on the market and tries to make them available to users. It provides a simple and seamless service. You select the currency you wish to convert and the one you want it converted to. There are no challenging interfaces or hidden fees.

You don’t have to open an account with ChangeNOW to purchase and exchange crypto. You also don’t have to undergo KYC checks.

Key features

ChangeNOW is a near-instant, non-custodial exchange where you hold your funds in your own wallet.

Multiple exchanges are not required because nearly any market pair is possible at ChangeNOW. There are also no exchange limits. You can purchase crypto via a bank card.

Main products and services

ChangeNOW’s main products and services include mobile swaps, the NOW Wallet, NOW Payments, NOW Tracker, and more. Below are the details.

The wallet lets users manage their digital assets without revealing personal data. It’s unique in that you can buy and swap crypto with fiat directly from it, it doesn’t require registration, and it provides you with full control of your private keys.

NFT functionality and 550+ assets

It features account nonce with ether transactions. This is the sending address’s transaction counter. The wallet features NFT functionality and supports more than 550 assets. You can stake BEP2 NOW tokens in the mobile app. Your annual return can reach 25%.

The app is available to users of iOS and Android. You can buy crypto and fiat on the go. A fixed or floating exchange rate will be charged. The platform will inform you if the network fees are more than 10% of the funds you will get. You can choose to cancel the swap.

You access the app with a pin code or face or touch ID. The device stores data securely. You can select the automatic lock of the screen during runtime. 24/7 support is available in the app.

NOW Payments

NOW Payments is the platform’s non-custodial payment processing service. You can integrate a button for crypto donations or payments into an e-commerce platform, a website, or a social media profile.

To use NOW Payments, you must sign up and download the integration tool. You make payments in crypto, which are sent to ChangeNOW’s accounts. NOW Payments charges low fees, starting at just 0.5%, and provides instant payouts.

NOW Tracker

With NOW Tracker, you can track your funds held both online and offline. It doesn’t collect personal data, just like all other ChangeNOW products.

You can check how much your crypto of choice is worth in 23 fiat currencies or another cryptocurrency. You can see portfolio distribution graphs via network and ticker. What’s more, the tool lets you monitor asset value over time, so you can decide whether to buy a given asset or not.

NOW Token

ChangeNOW’s native token, one of the first to be released on Binance Smart Chain, is available in both ERC20 and BEP2 formats. You can swap it for other cryptos, buy ChangeNOW products and services with it, and get cashback in it.

You can buy NOW Tokens at the best rate from ChangeNOW but also on Uniswap, IDEX, Binance DEX, and Swapzone.

NOW Loans

Finally, you can use NOW Loans to borrow funds in USDC or USDT with your crypto as collateral and trade with them. The loan terms range from a few hours to a few years. The platform doesn’t require monthly payments.

Pros 

·         No custody

·         Outstanding security

·         Supports a wide range of digital assets

·         Limitless and instant exchange

Cons

·         Not all fiat currencies are available

Why should you use ChangeNOW?

Reasons include low fees, high security, and instant, unlimited exchanges. Transaction fees range from 0.5% to 4%. They are determined by your choice of fixed or floating rate.

ChangeNOW has higher security than most centralized exchanges. Customers hold the funds in their wallets, which are monitored 24/7. Monthly private key updates and the use of a VPN and safe-listed IP addresses enhance security.

You can start trading with less than $2 worth of crypto. There is no upper limit. The majority of transactions are carried out in five minutes.

What makes ChangeNOW unique? 

ChangeNOW’s most notable feature is the lack of any restrictions on buying or selling cryptocurrencies. You don’t have to provide any personal data. 

ChangeNOW is on the cheap end of instant exchanges, particularly for fiat-to-crypto purchases. Platforms like Switchere and Changelly require registration for all purchases above $100, but ChangeNOW doesn’t.

Our final say

ChangeNOW was rated 4.5 of 5 on TrustPilot by over 350 people at the time of writing. The Android app was rated 4.3 of 5. These are strong ratings and it is not difficult to see why. 

The user experience is seamless. The platform is fast and it boasts a responsive support team.

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