Dogecoin’s Rise with Musk, Satoshi Nakamoto Verdict, and Global Developments

Dive into the freshest perspectives from StealthEX and CryptoDaily! We’re thrilled to present to you a concise, straightforward summary of the key developments influencing the crypto world. Curious about the top stories in the crypto realm this week? Join us as we delve into them immediately!

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Dogecoin Soars as Elon Musk Hints It Could Be Used to Buy Teslas

Elon Musk, the CEO of Tesla, hinted at the possibility of Dogecoin being accepted as payment for Tesla cars in the future. This announcement led to a significant surge in Dogecoin’s value, with an 8% increase in just 24 hours, pushing its market capitalization to around $26.5 billion. Musk’s endorsement of Dogecoin, a meme-inspired cryptocurrency, has once again highlighted his influence on the crypto market.

During a visit to the Tesla Gigafactory in Germany, Musk responded to inquiries about accepting Dogecoin for car purchases by stating the company “should enable that…at some point.” He emphasized Dogecoin’s status as “the people’s crypto” and expressed his support for it over other cryptocurrencies. This is not the first time Musk has shown favor towards Dogecoin; he has previously promoted it through social media and public appearances, contributing to its volatile price history.

Musk’s support for Dogecoin comes amid a broader rally in the cryptocurrency market, with Bitcoin reaching a record high and the total market value surpassing $2.85 trillion. As the crypto community reacts to Musk’s hints, the potential for Dogecoin to become a mainstream payment method for Tesla purchases adds an intriguing layer to the evolving relationship between technology, finance, and culture.

UK Court Declares Craig Wright Is Not Satoshi Nakamoto

UK court has definitively stated that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This verdict comes after the Crypto Open Patent Alliance (COPA) challenged Wright’s claims of being the digital currency’s inventor, aiming to prevent him from asserting intellectual property rights over Bitcoin’s foundational technology.

The court’s decision was swift and unequivocal, dismissing Wright’s long-standing assertion that he authored the 2008 Bitcoin whitepaper. The judge’s ruling addressed several points, firmly establishing that Wright was not the author of the Bitcoin whitepaper, did not operate under the pseudonym Satoshi Nakamoto, did not create the Bitcoin system, and was not the author of the initial versions of the Bitcoin software.

This ruling is celebrated by COPA and its members, including notable firms like Block, Coinbase, and MicroStrategy, as a victory for developers, the open-source community, and the truth. It marks the end of Wright’s years-long campaign of using his claim to Satoshi Nakamoto’s identity to intimidate and sue members of the Bitcoin community.

The case also highlighted allegations of forgery against Wright, with COPA accusing him of presenting backdated documents and evidence created with software that did not exist at the time the documents were supposedly made. The court’s decision not only clears the air on Wright’s claims but also sets a precedent for the protection of developers and the integrity of the cryptocurrency ecosystem.


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El Salvador Champions Investment with Zero Income Tax on International Funds

El Salvador has taken a bold step to boost its appeal to foreign investors and expatriates by eliminating income tax on international investments and money transfers. Previously set at 30%, the tax rate has been slashed to 0%, as announced by President Nayib Bukele. This strategic move is aimed at attracting foreign capital and stimulating economic growth within the country.

By removing the income tax barrier, El Salvador positions itself as a more attractive destination for international investment and financial inflows. This policy change reflects the government’s commitment to fostering an environment conducive to economic development and global integration. It’s a significant shift that could lead to increased foreign investment, providing a much-needed stimulus to the local economy.

The decision to axe income tax on international funds is part of El Salvador’s broader strategy to embrace digital innovation and financial inclusivity. As the first country to adopt Bitcoin as legal tender, El Salvador continues to demonstrate its openness to unconventional economic policies. This latest tax reform is expected to further enhance its reputation as a forward-thinking and investor-friendly nation, potentially setting a precedent for other countries to follow.

Ethereum’s Dencun Upgrade: A Leap Towards Scalability and Efficiency

Ethereum has embarked on a new chapter with the successful deployment of the Dencun upgrade on its mainnet, marking a significant milestone in the network’s journey towards enhanced scalability and reduced transaction costs. Launched on March 14, 2024, at 9:55 AM ET, the Dencun upgrade promises to revolutionize the way transactions are processed on Ethereum, particularly on Layer-2 networks, by potentially making gas fees a thing of the past.

The upgrade introduces a series of Ethereum Improvement Proposals (EIPs), including the much-discussed EIP-4844, also known as Proto-Danksharding. This feature establishes a dedicated data channel for Layer-2 solutions, drastically cutting down transaction fees on rollups. With a total of nine EIPs rolled out in this single fork, Dencun ties for the largest number of improvements introduced in one go within the Ethereum ecosystem.

Developers and users alike are poised to see immediate benefits from the upgrade, as “data blobs” introduced by EIP-4844 significantly reduce transaction fees. This reduction is expected to be so substantial that, once settlement contracts across Layer-2 networks incorporate Dencun, gas fees could drop by 75%. This upgrade is not just about cost reduction; it also expands Ethereum’s capabilities, making it a more robust and efficient platform for developers and users.

The Dencun upgrade is hailed as a transformative step for Ethereum, likened to the shift from country back roads to a four-lane highway in terms of transaction processing efficiency. It builds on the momentum of previous upgrades, including the landmark Merge of 2022, and sets a new precedent for the network’s evolution towards a future where transaction fees are minimal, ensuring Ethereum remains at the forefront of blockchain innovation.

Coinbase Embarks on $1 Billion Convertible Debt Offering

Coinbase, the leading cryptocurrency exchange in the U.S., has announced its plan to raise $1 billion through a convertible debt offering. This strategic move is designed to capitalize on the recent surge in digital asset markets without diluting the ownership interests of current shareholders. By opting for convertible bonds, which can be converted into company shares or cash by 2030, Coinbase is following a path similar to that of Michael Saylor’s MicroStrategy, which has successfully funded its Bitcoin acquisitions through convertible notes.

The offering includes a special feature known as “negotiated capped call transactions.” This provision aims to minimize dilution during the conversion of debt to equity, a concern for investors wary of their share value being diluted. Such financial instruments allow companies to hedge against dilution, ensuring that existing shareholders’ interests are protected even as the share price rises above the conversion price.

Coinbase’s decision to tap into the debt market comes amidst a bullish trend in the cryptocurrency sector, with Bitcoin reaching an all-time high above $73,000. The company’s stock has also seen a significant uptick, rising by 48% in the same period. The funds raised through this offering may be used for various purposes, including debt repayment, financing potential capped call transactions, and possibly acquiring other companies.

This move by Coinbase has been met with optimism, as evidenced by the recent upgrades from Wall Street analysts who had previously been bearish on the stock. Analysts from Raymond James and Goldman Sachs have revised their outlooks, buoyed by the robust rally in digital asset markets.

VanEck Waives Fees for Spot Bitcoin ETF Until 2025

VanEck has announced the elimination of all trading fees for its spot Bitcoin exchange-traded fund (ETF), HODL, until March 31, 2025. This decision marks a significant shift in strategy for VanEck, whose HODL ETF has gathered just over $305 million in assets, trailing behind its competitors.

Previously charging a modest fee of 0.2%, VanEck’s fee was already lower than many of its rivals, such as BlackRock, Invesco, and Fidelity, which charge around 0.25%. The fee waiver is a clear attempt to boost the fund’s attractiveness and asset under management by making it more cost-effective for investors to hold Bitcoin through the ETF.

However, there’s a catch to this generous offer: the fee waiver will apply only until the ETF reaches $1.5 billion in assets or until the specified end date, whichever comes first. Should the fund’s assets exceed $1.5 billion before March 31, 2025, a fee of 0.20% will be charged on the excess assets.

VanEck’s decision is not just about fee reduction; it’s a statement of confidence in Bitcoin’s future. By removing the barrier of entry fees, VanEck aims to make Bitcoin investment more accessible to a broader audience. This move could potentially shake up the competition among Bitcoin ETFs, especially as the cryptocurrency continues to gain mainstream acceptance and investment.

This strategic fee waiver comes at a time when Bitcoin has been experiencing a resurgence, recently surpassing the Swiss Franc to become the third-largest currency by market value. With its ETF shares physically backed by Bitcoin and securely stored in cold storage, VanEck is positioning itself as a leading choice for investors looking to gain exposure to Bitcoin without directly purchasing and holding the cryptocurrency.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

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Bitcoin, MicroStrategy, Legal Victories, SEC’s Strategy, BRICS Payments, and Tether’s Milestone

Explore the latest insights from StealthEX and CryptoDaily! We’re eager to share with you an easy-to-follow, succinct recap of the pivotal events shaping the crypto space. Intrigued by the foremost news in the crypto universe this week? Let’s dive in right now!

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Bitcoin’s Roller Coaster Day: From Peak to Crash and Back

In an unprecedented 24-hour period, Bitcoin experienced a wild ride, hitting an all-time high (ATH) before plunging $10,000 and then making a remarkable recovery of over $8,000. This dramatic sequence of events underscores the volatile nature of cryptocurrency trading, which remains an exhilarating yet risky endeavor.

The excitement began when Bitcoin briefly touched the $69,000 mark, setting a new ATH. However, the celebration was short-lived as a massive sell-off ensued, driving the price down to $59,000. Despite this steep decline, the cryptocurrency showed resilience, bouncing back significantly from its low point.

This volatility led to a frenzy of trading activity, with both long and short positions facing significant liquidations. According to Coinalyse, $163 million in long positions were wiped out during the downturn, and $87 million in shorts were liquidated as the price rebounded. The current long to short ratio stands at 59%/41%, indicating a cautious optimism among traders about Bitcoin’s direction.

Amidst this chaos, Bitcoin ETFs witnessed record trading volumes, with a staggering $10 billion traded in a single day. This surge in activity highlights the growing interest and investment in cryptocurrency, despite its inherent risks.

MicroStrategy’s Bold Move: $600M Investment to Boost Bitcoin Holdings

MicroStrategy, a leading corporate investor in Bitcoin, has announced a strategic plan to enhance its cryptocurrency portfolio. The company intends to raise $600 million through the sale of senior convertible notes due in 2030. This move is aimed at acquiring additional Bitcoin and supporting general corporate purposes, as Bitcoin approaches its all-time high of $69,000.

The decision to issue convertible notes is a testament to MicroStrategy’s innovative approach to investment. These notes, which can be converted into equity at a future date, offer the company financial flexibility while ensuring the prioritization of noteholders. This method also allows MicroStrategy to capitalize on the current bullish sentiment surrounding Bitcoin without diluting existing shareholders immediately.

Following the announcement, MicroStrategy’s stock experienced a significant surge, closing the day up 23% at $1,334 per share. Despite a slight dip in after-hours trading, the company’s stock has doubled in value this year, outperforming Bitcoin’s 60% increase over the same period.

MicroStrategy’s aggressive Bitcoin acquisition strategy has paid off, with its holdings now valued at nearly $13 billion. Under the leadership of executive chairperson Michael Saylor, the company has amassed 193,000 BTC at an average buy price of $31,550, resulting in a nearly $7 billion gain on its investment.


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In a significant legal development, the Appellate Court of Montenegro has overturned a previous ruling for the extradition of Terraform Labs co-founder Do Kwon to the United States, marking a pivotal moment in an ongoing international legal saga. This decision temporarily stalls Kwon’s extradition, introducing a new layer of complexity to the case that has captured global attention.

The court’s decision to send the case back for retrial due to procedural violations highlights the intricate legal challenges involved in extradition cases. Kwon, who faces fraud charges in the U.S. related to the Terra ecosystem collapse, has been in a legal limbo since his arrest in Montenegro for possessing falsified documents.

This ruling not only delays Kwon’s potential extradition but also ignites debates over the legal precedents and international relations involved in such high-profile cases. Kwon’s legal team celebrated the decision, emphasizing its significance in the broader context of legal rights and procedural fairness.

SEC’s Strategy on Ether ETFs: A Game of Patience

The Securities and Exchange Commission (SEC) has once again deferred its decision on the highly anticipated spot Ether ETF proposals, extending the suspense for industry giants like BlackRock and Fidelity. This move continues the SEC’s pattern of postponements, fueling speculation and anticipation among investors and market watchers.

The delay reflects the SEC’s cautious approach to cryptocurrency ETFs, despite having approved several spot Bitcoin ETFs earlier. The decision to push back the verdict on Ether ETFs, initially submitted by BlackRock in November of the previous year, underscores the regulatory challenges and considerations in the rapidly evolving crypto market.

Bloomberg ETF analyst James Seyffart has pinpointed May 23 as a critical deadline for the SEC, marking the end of a 240-day review period for proposals from other contenders. This date is now viewed as a potential turning point for the approval of spot Ether ETFs, with Seyffart estimating a 60% chance of approval by then.

Despite the SEC’s hesitancy, the market has reacted positively, with Ether’s price surging by 56.7% over the past month. This optimism reflects the broader market sentiment that approval of a spot Ether ETF could be imminent, although some industry observers remain cautious about the potential impact compared to the success of spot Bitcoin ETFs.

BRICS Nations Forge Ahead with Blockchain-Based Payments System

The BRICS consortium, comprising Brazil, Russia, India, China, and South Africa, has unveiled ambitious plans to develop a blockchain-based payments system. This groundbreaking initiative aims to bolster the economic ties among these emerging economies, reduce reliance on the US dollar in international transactions, and challenge the financial dominance of Western nations.

Yuri Ushakov, a Kremlin aide, emphasized the system’s objectives, highlighting its focus on leveraging cutting-edge digital technologies and blockchain to create a platform that is convenient, cost-effective, and politically neutral for governments, businesses, and citizens alike. This move is seen as a strategic step towards enhancing the BRICS bloc’s influence in the global monetary system.

The proposed payment system is expected to utilize digital assets and cryptocurrencies, facilitating cross-border transactions among member nations and other developing countries. This could significantly impact the global demand for the US dollar, potentially altering its dominance in international trade and finance.

Details regarding the technical specifics of the payment system, such as whether an existing blockchain platform will be used or a new one will be developed, remain undisclosed. Similarly, the timeline for the launch of this ambitious project has not been revealed.

This initiative is an extension of the BRICS Contingent Reserve Arrangement (CRA), established in 2014 with a $100 billion commitment to provide liquidity support among member nations. The CRA aims to diminish reliance on US dollar-denominated assets, strengthening the global financial safety net and promoting the use of member countries’ currencies.

Tether’s Milestone: USDT Market Cap Surpasses $100 Billion

Tether (USDT), the leading stablecoin, has achieved a significant milestone by surpassing a market capitalization of $100 billion. This development not only cements USDT’s position as a dominant player in the stablecoin market but also widens its lead over its closest competitor, USD Coin (USDC), by over $71 billion.

USDT’s market cap briefly reached the $100 billion mark on March 4th, according to CoinGecko, although other data sources like CoinMarketCap have yet to confirm this figure. The fluctuation in market cap is a reflection of the dynamic nature of the cryptocurrency market, influenced by current prices and circulating supply. This year, USDT has seen a 9% growth in market cap, indicating increased investor interest and confidence in the stablecoin.

The surge in USDT’s market cap is attributed to its role as a preferred medium for trading and hedging in the volatile cryptocurrency market. USDT maintains a peg to the US dollar, offering a stable asset for traders and investors looking to avoid the price swings of other cryptocurrencies. Recent trading activity has seen USDT’s price exceed its $1 peg, suggesting a high demand for the stablecoin amid a bullish crypto market.

Despite its success, Tether has faced scrutiny over the assets backing USDT. The company claims that each USDT token is backed 1:1 with independently audited reserves, primarily consisting of yield-bearing US Treasury Bills. Tether reported a record quarterly profit of $2.85 billion in Q4 2023, with a significant portion of its earnings derived from these Treasury Bills.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

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Bitcoin Halving 2024: What to Expect? Estimates, Forecasts, Concerns, and BTC Price

Bitcoin halving is a fundamental mechanism to regulate the amount of new Bitcoin that enters circulation and happens as part of the protocol’s design. Bitcoin operates on a deflationary model, with a capped supply of 21 million coins. To control the rate at which new Bitcoins are introduced into circulation, the protocol undergoes a halving event approximately every four years. During a halving, the reward that miners receive for validating transactions and securing the network is cut in half. In this article, we’ll try to find out what Bitcoin Halving 2024 is and how it’s going to affect BTC price.

Bitcoin Halving 2024

The intended 21 million coin cap will be achieved at some point in 2140, at which point this rewards program will end. At that point, network users will pay miners’ fees in exchange for their processing of transactions. These costs guarantee that miners will continue to be motivated to contribute and maintain the network. As per Bitcoin halving dates history, the last three halvings occurred in 2012, 2016 and 2020. The first Bitcoin halving, or Bitcoin split, occurred in 2012 when the reward for mining a block was reduced from 50 to 25 BTC. 

Assuming the network uses Proof-of-Work (PoW), a blockchain protocol incorporates a halving event right from the start of its genesis block. Essentially, just two lines of code define this recurrent event: one indicates when a halving occurs, and the other indicates when the connected blockchain should cease halving. For Bitcoin, this is after 64 times. Halving is important; the halving policy was written into Bitcoin’s mining algorithm to counteract inflation by maintaining scarcity. In theory, the reduction in the pace of Bitcoin issuance means that the price will increase if demand remains the same.

Historical Overview of Bitcoin Halvings

The initial halving of Bitcoin occurred on November 28, 2012, when the price of BTC was approximately $12. A year later, Bitcoin had increased to almost $1,000. When the second halving happened on July 9, 2016, the price of Bitcoin fell to $670, but by July 2017, it had risen to $2,550. In December 2017, Bitcoin also hit its previous all-time high of over $19,700. At the time of the most recent Bitcoin halving in May 2020, the price of BTC was $8,787. By November 2021, it had reached an all-time high of about $69,000.

Bitcoin’s Price Tends to Increase Post-Halving

Bitcoin’s Price Tends to Increase Post-Halving, source: Crypto.com

Bitcoin halvings have historically caused major changes in the cryptocurrency landscape by adjusting the dynamics of Bitcoin’s supply and demand. Because fewer Bitcoins are being created, the value of already-existing Bitcoins may increase due to their increasing scarcity as a result of the drop in block rewards. After the halving, there is typically a spike in Bitcoin volatility and a general optimistic mood on the market. As less Bitcoin is made accessible for mining, the value of the remaining Bitcoin increases and becomes a more alluring asset for investors. When examining the post-halving surges in Bitcoin, one should also take into account other factors:

  • Increased media attention to cryptocurrencies and Bitcoin.
  • A fascination with the digital asset’s anonymity.
  • A gradual increase in real-world use cases for the currency. 
Bitcoin Halving History

Bitcoin Halving History. Source: BitPanda

When Is the Next Bitcoin Halving?

The most recent Bitcoin halving event took place on 12 May 2020. The block reward was promptly slashed in half as soon as the Bitcoin blockchain reached the halving block, and the halving event was carried out practically instantly. Although the exact date is not confirmed, the next Bitcoin halving is scheduled to take place in April 2024.

Bitcoin Halving 2024: What to Expect?

For Bitcoin miners, the halving poses a difficulty. As a result of the reduction in Bitcoin supply from 6.25 to 3.125 BTC per block, the revenue received by miners from block rewards is essentially being slashed in half. Furthermore, costs are rising as well. An important factor in determining miners’ costs is the hash rate, which is a measure of the overall processing power required to mine and process transactions on the Bitcoin network. It also acts as a stand-in for mining difficulty. The most recent spike, which was partially caused by Bitcoin’s price increase in 2023 and businesses purchasing more effective mining gear in response to favorable market conditions, emphasizes the growing difficulties faced by miners. Many miners may find themselves in a precarious situation in the near future as a result of a combination of falling revenue and rising costs.

On the surface, it seems like more investors are paying attention to specific ETF products, which is good for the price of Bitcoin. However, this outlook has been dampened by reducing miner reserves. The quantity of Bitcoin kept in miner treasuries is referred to as miner reserves. The CrptoQuant research claims that after the ETF was approved a few weeks ago, miner outflows have increased dramatically, reaching levels not seen since June 2021.

Miners delivered almost $1 billion in Bitcoin to exchanges on January 12, shortly after ETFs began trading. After a startling rise in Bitcoin prices to a two-year high, miners most likely sold to cash out. The ongoing selling by miners may be related to the recent slowdown in the price of Bitcoin. Following the approval of the ETF, the price of Bitcoin fell by 20%, hitting a yearly low of $39,000. 

Market Predictions for BTC Price and Expert Opinions

Examining the price dynamics in the year preceding and following the halving events over the last three cycles reveals significant growth for Bitcoin. During these two-year spans, Bitcoin experienced remarkable increases: approximately 30,000% in 2012, 786% in 2016, and 712% in 2020. If Bitcoin continues to show the same performance this time, its price could reach the $220k mark in 2025. There are, however, a few distinct reasons why the next Bitcoin halving is anticipated to be unlike the others. The rising involvement of institutional investors in the bitcoin market is one of the main characteristics that sets this halving apart. We’ve noticed an increase in interest in recent years from institutional actors like asset managers, hedge funds, and even conventional banking institutions. There has never been a halving with the degree of capital and experience that these institutional investors offer.

Another factor that sets this halving event apart is the growing popularity of Bitcoin among general users. The interest in and adoption of cryptocurrencies by both individuals and businesses has increased over the last few years. Moreover, because of its decentralized structure and restricted supply, Bitcoin remains an attractive option in uncertain economic times, which may increase demand during this specific halving.

Since the supply of Bitcoin will be drastically reduced in April due to the halving, a rally in price is most likely to occur when demand either rises or stays the same. Experts like Coinpedia believe that in 2024 Bitcoin can even reach an all-time high of $120,000. Predictions from various sources, including Standard Chartered, and Morgan Creek Capital, anticipate Bitcoin exceeding $100,000 and even $300,000 by 2028. 

A month ago Skybridge Capital’s managing partner and founder, Anthony Scaramucci, predicted a surge for Bitcoin in the future. His prediction puts the token’s market value at least $170,000, which could increase depending on the current BTC price. He used a minimum value of $35,000, which he called conservative, stating that the BTC could rise to $60,000 before the halving event.

According to Bloomberg Intelligence and Matrixport, the cryptocurrency’s value might rise by at least 81% as a result of the halving. Although the price of Bitcoin is now at about $30,000, analysts think it may rise to $50,000 or even more by April 2024. But obstacles like economic uncertainty and regulatory crackdowns might affect this forecast. 

Nasdaq and VettaFi highlight the views of the Twitter account known as BitQuant, which believes that Bitcoin is going to reach a new all-time high before halving. BitQuant predicts that Bitcoin will not reach $160,000 before the halving and could experience pullbacks, with a price forecast of $250,000.

In the cryptocurrency world, there is a lot of discussion and interest in BTC price projections for the 2024 halving. Although there may be differences in opinion among experts, the majority of them think that Bitcoin’s price will rise over time as a result of its growing popularity and limited supply. Some even predict that the 2024 halving will spur more institutional investment in the cryptocurrency, which will raise its price even further. 

Impact of Bitcoin Halving 2024 on the Crypto Ecosystem

Over time, the halving serves to further emphasize Bitcoin’s inherent scarcity, which is one of the main draws for many users who view it as ‘digital gold.’ If demand keeps increasing, the slower rate at which new bitcoins are created can push the price higher. But after a halving, this effect takes time to manifest; it happens over the course of months and years.

Furthermore, the need for miners to continue making a profit could encourage advancements in sustainable energy sources and mining technology. The motivation to look for less expensive, more sustainable energy sources increases as mining returns decrease. Regarding the effects of Bitcoin mining on the environment, this trend may be beneficial.

Generally speaking, the halving event also acts as a recurring reminder of the distinctive economic model of Bitcoin, which may stimulate interest and adoption among new users. The halving events of Bitcoin may contribute to its broader adoption as a store of value and investment asset as it develops.

Will Bitcoin Go Up After Halving?

It is anticipated that BTC’s price will rise either before or after the halving event. There is no certainty, but it’s very likely.

When in 2024 Is the Next Bitcoin Halving?

The next Bitcoin halving is expected to take place in April 2024. Since the date is dependent on the block height, it is hard to predict the exact Bitcoin halving dates.

What Is the Price Prediction for Bitcoin Halving 2024?

Experts conclude that Bitcoin can rise in price anywhere from $50,000 to $170,000.

Is Bitcoin Halving Good or Bad?

The Bitcoin halving is considered a good economic model, since it puts disinflationary pressure on the virtual currency and helps it appreciate over time (as long as demand for Bitcoin keeps rising).

Should I Buy Bitcoin Before or After Halving?

It’s best to buy Bitcoin during the crypto winter when the market is at its all-time lows. And don’t forget to do your own research before buying any cryptocurrency. 

Conclusion

The Bitcoin halving event remains a highly awaited event in the cryptocurrency world due to its nature and impact on the crypto market. The supply of new Bitcoins entering the market will be cut in half, and it is anticipated that the impending halving will follow the old and tried pattern. However, a number of unique factors set this BTC halving apart from others. First of all, compared to prior years, investors and the general public have a better knowledge and comprehension of Bitcoin. Secondly, with large financial institutions announcing plans to offer cryptocurrency services to their clients, institutional investors have begun to express interest in Bitcoin. This inflow of institutional capital may increase demand for Bitcoin and lead to an increase in its value. Finally, the technology that underpins Bitcoin storage and transactions has had a major upgrade. The development of safe wallets and exchanges has made it easier for individuals to buy, sell, and store cryptocurrency safely.

With so many new investors and the general public awareness of Bitcoin the halving event of 2024 is likely to bring new surprises, perspectives, and outcomes for the crypto market.


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Ultimate Guide to Creating and Profiting from Your Own Meme Coin: Strategies, Risks and Success

Meme culture is all about the Internet. Meme coins are cryptocurrencies that are based on humor and satire. Their names, branding, and logos are heavily influenced by memes, and they frequently lack use case specificity. Moreover, they are often associated with social media trends, community involvement, virality, and the possibility of rapid market gains to draw in younger, tech-savvy cryptocurrency investors.

How to Create Your Own Meme Coin

The very first meme coin was Dogecoin and was created in 2013. Doge is a meme that shows a shiba inu with funny lettering surrounding it that says things like ‘such wow,’ ‘much concern,’ and ‘many fast.’ As a joke, Dogecoin gained little traction until the 2016–2017 cryptocurrency bubble burst, during which time its value surged. Like the rest of the cryptocurrency, it faced a significant devaluation when the bubble burst in 2018. 2020 saw a modest recovery in its value, but not to the heights of previous years. Despite its humble beginnings, Dogecoin has gained credibility as an investment option for certain individuals because of prominent supporters such as Elon Musk.

Many new meme coins have emerged in the years after Dogecoin was first created. The most well-known and successful ones are Pepe coin, which is based on Pepe the Frog, Shiba Inu, and variations of the original Dogecoin, such as Doge Dash and Dogelon Mars. The excitement generated by these coins on social media increases their appeal and strengthens the bonds between owners. Digital hotspots for memes, advice, and experiences related to coinage are created via online forums, social media groups, and chat apps. Furthermore, these communities have an impact that goes beyond the people who belong to them. These groups have stimulated interest in finance and cryptocurrency among a wider readership by using humor and memes to make finance relatable and approachable. The community impact of meme coins certainly has positive aspects, such as fostering financial literacy and broadening access to investment opportunities.

Top 4 Meme Coins

Top 4 meme coins, source: Cryptorank.io

Meme Coins and Altcoins

Regular coins, sometimes referred to as cryptocurrencies, are digital or virtual money that is secured by encryption. They are decentralized systems that make it possible for peer-to-peer, safe online transactions. These coins are made to solve problems in the real world and have inherent value. Bitcoin, for instance, was developed as a virtual substitute for fiat money, but Ethereum was intended to support distributed applications and smart contracts free from third-party influence, fraud, control, or outages.

On the contrary, meme coins are a type of cryptocurrency that originated as jokes or memes but have since grown in acceptance and value. Creating a valuable meme coin takes research, planning, and dedication to ensure its success.

Features Meme Coins Altcoins
Origin Meme coins have their origins in internet culture and humor. Technology and finance, with some leaning towards solving real-world problems.
Investment Appeal Meme coins became famous due to their funny and meme-worthy qualities. Altcoins are valued for their usefulness, security, and long-term investment potential.
Risk Assessment Meme coins are speculative assets with high price fluctuation. Traditional cryptocurrencies can be volatile as well, although they usually have a more stable base.
Technology and Security Meme coins may not prioritize these factors, rendering them vulnerable to manipulation and security problems. Altcoins rely on dependable blockchain technology, which ensures security and efficiency.

How to Create Your Own Meme Coin

To begin with, it’s good to know memes and research the market. Before you start the process of making your own meme coin, you should have a compelling and distinct idea in mind. A fundamental component of your coin’s identification should be your concept, which should appeal to your target market. Since the concept is what will draw in and keep potential users interested, think carefully about the kind of humor, visual, or notion that will be connected to your coin. To ensure that this idea is original and compelling, it is imperative to brainstorm and polish it.

You can also start the next crypto trend. To increase your social media mentions, it’s important to have community members serve as ambassadors and post content such as videos and memes. Your project has a greater probability of success the more times your meme coin is mentioned (including when tweets, memes, and other content are shared on social media platforms like Twitter).

It’s also important that you adhere to the legal and regulatory framework in order to safeguard both the interests of your users and the integrity of your project. To make sure your meme coin complies with the laws and regulations in your jurisdiction and other areas where you plan to operate, you should consult legal professionals. It is essential to abide by legal regulations in order to prevent potential legal problems that can jeopardize the project’s success.

Before Creating a Meme Coin

Before setting out on a meme creation journey, make sure you have these items:

  • Supported wallet. It is critical to use a reputable wallet, so make sure to do the proper research prior to using any wallet. Learn more about crypto wallets to understand the differences.
  • Ensure sufficient funds in your wallet. Make sure you have enough funds available in your wallet to cover network and service fees. Fees are paid in the native cryptocurrency of the network used to create your own token.
  • Select a network and token standard (ERC-20, ERC-1400): selecting a suitable blockchain network and token standard are the first steps of defining the features of your own token. As each blockchain supports distinct token standards, the decision of your token’s standard will also depend on the network used.

Technical Aspects of Meme Coin Creation

Making your own meme coin requires making a basic decision regarding the blockchain platform you use. You have two options: either build your own blockchain, which is a more technically demanding option, or base your own meme coin off an already-existing blockchain, such as Ethereum, Binance Smart Chain, etc. Scalability, interoperability with current wallets and tools, and transaction fees are just a few of the aspects that your platform selection will greatly affect. It is advisable to investigate and choose the platform that most closely matches the objectives of your project. You can also use a launchpad platform for creating your meme coin, such as MemePad.

MemePad Start Page

MemePad Start Page

Your meme coin’s graphic components are crucial to building a powerful and enduring brand. This includes creating the coin’s logo, deciding on a fitting color palette, and creating a cohesive overall design that expresses your meme idea. Users will notice your coin’s visual element immediately, therefore it’s critical to devote time and energy to crafting an appealing, well-designed design that enhances your idea. It’s always beneficial to launch a website to feature your meme coin.

Your meme coin’s smart contract serves as its technological foundation. All in all creating a token often requires technical expertise and knowledge of smart contracts, posing a challenge for those without coding proficiency. Your meme smart contract will outline the coin’s name, symbol, total supply, and any other characteristics or features you wish to include. Creating a smart contract usually calls for knowledge of programming languages or the help of a blockchain engineer. This is an important stage since it guarantees that your coin will function as per your specs and fulfill user expectations. Alternatively, you can use popular services, such as Token Tool, an intuitive platform that makes it easier for anyone to create their own cryptocurrency token with only a few clicks.

And don’t forget about tokenomics. The term ‘tokenomics’ describes the meme coin’s economic framework. The entire supply, the method of distribution, and any other features or advantages your meme currency provides must all be specified. Choose whether the quantity of your coin will be fixed or will increase over time, and think about adding features. You should also decide on redistributing tokens to holders or automatically locking down liquidity. These elements may affect how valuable people think of your meme coin and generate interest among potential investors looking to create a meme coin.

Marketing and Community Building

How do you promote your meme coin? Below you will find some great tips and strategies for making it popular: 

  • Social media. Utilizing social media to your advantage is crucial since it’s the most efficient marketing technique available for meme coins. Make sure your coin has accounts on all the major social media networks, such as Twitter, Reddit, Telegram, and Discord.
  • Community. Developing a robust community is essential to your meme coin’s success. You must establish a community where your backers and investors may interact, exchange updates and news, and experience a sense of belonging.
  • Influencers. Using influencers to promote your meme coin can help it become more visible and widely used. Seek out influencers with a sizable social media following who are involved in the crypto space.
  • Giveaways and contests. Organizing competitions and prizes is a good method to create interest in your meme coin. For sharing your content, inviting new members, or finishing particular goals, you can give your community members free coins or other benefits.
  • Listings. You can make your meme coin more credible and visible by listing it on cryptocurrency listing sites like CoinMarketCap and CoinGecko. These websites provide a wealth of cryptocurrency-related data, including market capitalization, volume of trades, and price history. 
  • Incentives. Offering incentives for early investors is an effective way to generate interest and create a sense of urgency around your meme coin. By doing this, you can grow your initial investment and build momentum for your meme coin.
  • Paid advertising. Using paid advertising to expand your audience and draw in new backers and investors can be a successful strategy. To market your meme currency to a specific audience, you can use paid advertising such as Google AdWords, social media ads, and others.

Monetizing Your Meme Coin

With enough success, you can monetize your newly developed meme coin. ICOs are a popular way to do it. An ICO, or initial coin offering, is another name for a token sale that is used to raise money for blockchain companies. During a token sale, a portion of the project’s tokens are offered to project backers in return for cryptocurrencies, most commonly Ethereum or Bitcoin. The project’s development and ecosystem expansion are financed by the money collected through token sales. However, token sales are highly unregulated, which means that there is a degree of risk involved, including regulatory risks, high volatility, and project’s collapse.

If your meme coin develops a strong brand presence, you can explore opportunities for merchandising and licensing. This could be making extra money by charging for the use of your brand by other parties or selling branded goods. You can additionally try and integrate your meme coin within online games or virtual worlds. This could involve creating in-game currencies or allowing players to earn or trade these cryptocurrencies within the game. Revenue can be generated through transaction fees or by selling virtual goods for your meme crypto.

Challenges and Risks When Creating a Meme Coin

First of all, it’s essential to consider market psychology. Investors are more likely to be upbeat and confident in their choices when they have a positive outlook on the economy. When more individuals want to buy, this positive feeling may push prices higher, resulting in a bull market. On the other hand, if investors become unconfident, they might liquidate their holdings, which would trigger a bear market. Two strong emotions that affect market psychology are greed and fear. Fear can drive investors to panic and sell their holdings during uncertain or bad news situations, sending values spiraling lower. However, greed can also lead to excessive purchasing and irrational exuberance, which can drive prices to unaffordable heights.

The general attitude or mood of investors towards the market is referred to as market sentiment. It may be impacted by news pertaining to the company, geopolitical events, or economic indices. A bullish atmosphere can be produced by positive sentiment, while a bearish market can be produced by negative sentiment. Always consider market trends. It would be a bad idea to try and launch your meme coin during a deep recession or without much hype around the meme idea.

Memes also make a great asset for scam projects and pump-and-dump scams due to their speculative character. The hazards connected to meme cryptocurrencies are further exacerbated by regulatory concerns. For instance, at the end of April 2023, for example, in an X thread, famous scam sleuth ZachXBT discovered a person whose crypto wallet address was linked to 114 meme coin scams, created in the span of 1.5 months.

ZachXBT discovered a person whose crypto wallet address was linked to 114 meme coin scams

To add to the concerns, meme coins are a decentralized, international phenomenon that exists outside of national boundaries. Regulators from many nations and areas must work together and in concert, even though they may have different priorities, standards, legal frameworks, or other goals. However, obstacles related to politics, the economy, culture, or technology may make such coordination and cooperation difficult or nonexistent. Therefore it’s critical to keep up with changes in the regulatory environment and any potential legal issues. Through self-education and staying updated about current advancements, you can adjust to evolving legal mandates and minimize possible hazards that might affect the standing of your project and the welfare of your users.

PEPE Meme Coin Success Story and Lessons Learned

Pepe coin is widely regarded as one of the most successful meme coins since Dogecoin and Shiba Inu, and it can be named a real-life success story among meme crypto coins. In April, 2023 this coin had an increase of over 10,000%, attracting the interest of major financial media such as CNBC. It was a sign that the meme coin industry was still booming even in the midst of the crypto winter. Pepe Coin was among the first widely popular memes that wasn’t centered around a Shiba Inu, and it served as the model for numerous clone tokens, such as the Pepe v2.0 currency.

At its height, $PEPE’s daily trading volume exceeded $3 billion. The coin has a market valuation of more than $415 million and has increased by 1,775% since debut, despite a decline since the spring. Additionally, the trading volume is close to $70 million every day. With its enduring trading volume and growing appeal, $PEPE has every chance to pump once again.

Pepe Price History

PEPE Coin Price History, CoinMarketCap, 12 February 2024

Conclusion

Meme coins often reflect a hype or are based on a joke. Dogecoin, the most well-known meme coin in the world, started off as a joke about the irrational speculation that was then going on in the cryptocurrency market. Some regard meme coins as a representation of culture and a way to give people back control over their finances, while others view them as a ‘get rich quick’ scheme.

Whatever may be the case, meme coins are a unique and often speculative category of cryptocurrencies. Social media, participation in the community, hype, and connections to memes or popular culture are what give them their worth. Meme currency success can be influenced by things like vibrant communities, celebrity support, and exchange listing. If you’re interested in creating your meme coin, it’s possible to do so by following a series of steps, but it’s crucial to consider the associated risks and regulatory considerations. Keep it all in mind, whenever you start creating your meme coin, and don’t forget to do your own research.


Regardless of whether you are new to crypto or have been there for a while, it’s essential to stay informed and protected while buying and holding digital assets. To keep updated on the latest news and invest in crypto with no risks, use StealthEX, a platform with over 1400 coins available for secure exchange. Just go to StealthEX, choose the amount of the cryptocurrency you want to swap, for example, ETH to DOGE, and click Start Exchange.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

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IOTA Price Prediction 2024, 2025, 2030, 2040: Will IOTA Reach $10?

IOTA is a decentralized distributed ledger designed with the ‘Internet of Everything’ in mind. This is a special kind of network that allows machines and people to exchange currency and data. IOTA doesn’t run on the blockchain, at least not in the same way as the majority of other projects. IOTA had a vision of a different type of blockchain and set about to design its own system of validator nodes, called Tangle. Discover IOTA price prediction in StealthEX’s latest article.

Current IOTA Price IOTA Coin Price Prediction 2025 IOTA Token Price Prediction 2030
$0.2361 $1.4 $4.63
IOTA Price Prediction

IOTA (IOTA) Overview

The goal of IOTA, an open-source, scalable distributed ledger and it is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS). In essence, it is a blockchain-based project that aims to conduct transactions between machines and devices that are connected to the Internet of Things (IoT). IOTA plans to become a major player in the next industrial revolution, which will need the development and upkeep of machine economies in addition to the management of financial relations between humans and machines.

Current Price $0.2361
Market Cap $735,457,101
Volume (24h) $139,065,714
Market Rank #80
Circulating Supply 3,114,679,008 IOTA
Total Supply 3,114,679,008 IOTA
1 Month High / Low $0.3264 / $0.1967
All-Time High $5.69 Dec 19, 2017

Unlike cryptocurrencies built on blockchains, IOTA has suggested a distinct data structure called Tangle. Numerical representations are stored and managed in a certain way by this kind of organization. By removing the topographical obstacles and conventional constraints associated with utilizing traditional blockchain, it enables the IOTA network to solve Bitcoin’s scaling issue. Tangle doesn’t require blockchain miners or a consensus algorithm to validate transactions. For traditional blockchains like Bitcoin, transactions are validated by blockchain mining using a Proof-of-Work (PoW) consensus algorithm. For Tangle, messages are validated by IOTA’s ‘Coordinator’ network node by determining whether the message contains a reference to a milestone.

IOTA was co-founded by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo in 2015. It was created as a specialized peer-to-peer distributed ledger. Its primary objective was (and still is) to democratize and power the Internet of Things (IoT).

IOTA Features

IOTA offers a number of unique features that are typical for this project. These are:

  1. No fees. IOTA doesn’t charge transaction processing fees, in contrast to conventional cryptocurrencies. Transactions are smooth and economical since the amount put to the recipient’s wallet and the amount taken from the sender’s wallet are exactly equal.
  2. DAG consensus algorithm. Tangle is a direct acyclic graph (DAG) consensus algorithm. With this method, there are no miners or validators, no blocks and no transaction fees. This allows the crypto to overcome cost and scalability issues of blockchain.
  3. Faster transactions. Conventional blockchains often experience bottlenecks due to the time it takes to create new blocks. The Bitcoin blockchain can handle roughly five transactions per second (TPS), although this may vary at times. For Ethereum, it’s typically around 15 TPS. For IOTA, it’s possible for its network to handle up to around 1,000 TPS.
  4. Energy efficient. IOTA is designed to accommodate devices such as sensors that operate in a low-energy environment. Even IoT devices with minimal computing power, like toasters, can write data to IOTA’s Tangle.
  5. Interoperability. Seamlessly integrates EVM and other execution environments on IOTA, offering a cohesive and user-friendly experience.

IOTA (IOTA) Price History Highlights 

  • 2017: IOTA first exploded on the scene in late 2017. On Dec. 19, 2017, six months after the project was first made available on a token exchange, IOTA skyrocketed over 1,000,000% to an all-time-high of $5.69, giving the token a market capitalization of over $12 billion and making it the seventh-largest cryptocurrency by market cap at the time.
  • 2018: The cryptocurrency asset closed out 2018 at a price of just $0.20 per IOTA coin, resulting in an over 90% drop from all-time high prices.
  • 2019: In 2019, soon crypto investors found themselves asking why is IOTA going up once again, as the asset doubled in price with a 100% ROI after reaching a local high of $0.50 per token. In late 2019, IOTA set another new, bear market low, at $0.14 per token.
  • 2020: IOTA hit an all-time-low of $0.07962 on March 13, 2020. That came during a period of major tension between the IOTA Foundation board that caused co-founder Sergey Ivancheglo to leave the project and followed several days of network shutdowns.
  • 2021: When 2021 arrived, IOTA was finally turning bullish, reaching as high as $2.70 at the recent local peak. The high, however, was still far less than its all-time high.
  • 2022: On January 1, 2022, the coin opened the price chart at $1.37 but finished the same month at $0.83. Being influenced by a market decline, the token got down again, sliding to a low of $0.237 on May 12, 2022.
  • 2023: Talking about IOTA lowest prices, Dec 16, 2023 surprised traders with the lowest price of $0.2896.
  • 2024: At the moment, IOTA coins price fluctuates around $0.2-0.25.

IOTA (IOTA) Price Chart

IOTA Price Prediction - IOTA Price Chart

CoinMarketCap, 25 January 2024

IOTA Price Prediction

Year Minimum Price Maximum Price Average Price Price Change
2024 $0.19 $1.83 $1.01 +367%
2025 $0.29 $2.65 $1.4 +381%
2030 $1.45 $7.81 $4.63 +2,042%
2040 $13.24 $15.19 $14.2 +6,741%

IOTA Price Prediction 2024

DigitalCoinPrice analysts believe that in 2024, IOTA will be trading more or less within the same price range as it is at the moment. According to their estimates, in 2024 IOTA crypto’s price might go as low as $0.19 (-12%), while its maximum price can reach $0.47 (+117%).

PricePrediction crypto experts are positive about the future of IOTA coin and believe that in 2024 it will be trading within a very narrow margin: at its low it can reach $0.2104 (-2%), while at its maximum IOTA crypto can rise to $0.252 (+16%).

Telegaon crypto experts think that in 2024 IOTA coin will quickly rise in price. According to this website, it can cost as low as $0.94 (+334%), while at its peak it can go as high as $1.83 (+746%).

IOTA Price Prediction 2025

DigitalCoinPrice believes that IOTA coin will continue to develop and reach new price levels. Based on their analysts’ forecasts, in 2025, IOTA can go as high as $0.56 (+159%) per coin. At its lowest point, IOTA coin can reach $0.46 (+112%).

Based on the experts’ forecasts at PricePrediction, in 2025, IOTA crypto will continue to grow. It can plummet to $0.2938 (+35%) and it can also reach $0.3674 (+70%) at its peak.

Telegaon believes that in 2025, IOTA coin will accelerate even more. The website’s analytics predict that IOTA’s price might go as low as $1.86 (+760%), while at its peak it can reach $2.65 (+1,126%).

IOTA Price Prediction 2030

DigitalCoinPrice believes that by 2030 IOTA will be steadily rising in price: at its low it can drop to $1.45 (+570%), while its maximum price will go as high as $1.62 (+649%).

PricePrediction crypto experts believe that by 2030, IOTA will rise in price even higher than in 2025. According to their estimates, the coin’s lowest price will drop to $1.61 (+645%), while the maximum price is projected to be around $2.02 (+834%).

According to Telegaon price predictions, by 2030 IOTA will surely reach its all-time high and even go beyond that. The coin can reach $7.81 (+3,514%) at its maximum. It can also drop to a minimum of $5.56 (+2,472%) per coin.

IOTA Price Prediction 2040

Telegaon states that by 2040 IOTA will at the very least double its value and add some more to it. The coin can reach $15.19 (+6,929%) at its maximum. It can also drop to a minimum of $13.24 (+6,026%) per coin.

Expert Opinions on IOTA Price Forecast

The Internet of Things is not a particularly good fit for traditional blockchain technology. The scaling problems that plague Bitcoin and other blockchain-based cryptocurrencies make it impractical to transfer microtransactions, such as $0.01, due to the transaction fees. IOTA looked away from the blockchain and opted to use a different kind of technology, a Directed Acyclic Graph (DAG). Before any transaction can be processed it needs to process two others, either directly or indirectly. This theoretically allowed the Tangle to accommodate an infinite number of devices. With such innovative mechanisms, IOTA does differ from other projects, analysts say.

Many experts actually believe that IOTA has a promising future in the digital currency space. For instance, CoinMarketCap believes that by 2030 IOTA coin will be valued at around $2.244 on average.

IOTA USDT Price Technical Analysis

IOTA Price Prediction - IOTA USDT

Tradingview, 25 January 2024

Now that we’ve seen possible price predictions for IOTA, let’s find out a bit more about the factors that can influence its price and the possible outcomes for this unusual cryptocurrency.

Factors Affecting IOTA Coin Price

IOTA’s price is determined by the same forces that affect more conventional blockchain-based cryptocurrencies, despite being a unique currency. Even for a cryptocurrency, IOTA’s price has always changed greatly. One of the most important price drivers for a service-focused cryptocurrency, like IOTA, is corporate partnerships. IOTA’s value increased by 90% after the media started to speculate that it had partnered with major players in the sector to launch its data marketplace. After IOTA and Microsoft clarified that they were not in a direct relationship, this then fell by 15%. Additionally, media attention and hype about new features also play a key role in determining the price of a cryptocurrency.

When assessing IOTA as an investment, keep the following considerations in mind:

  • Partnerships.
  • Technological advancements.
  • Market sentiment.
  • Media attention.

Risks and Opportunities

The biggest and most egregious vulnerability concerning the IOTA project relates to the Coordinator. The Coordinator protocol that IOTA works on is centralized, which means that if it stopped working properly, then the entire network could be at risk. This has already happened multiple times, and at one point the IOTA system was unusable for days. Although IOTA aims to be completely decentralized, it won’t be able to achieve this until it is able to function without the centralized coordinator. Should the project improve its security issues, then there are some really good real-world uses that it could be applied to. With its free, instant and limitless transactions, the platform would be perfect as a worldwide payment system.

What Will IOTA Be Worth in 2025?

According to DigitalCoinPrice, it can cost $0.56.

What Will IOTA Be Worth in 2030?

According to PricePrediction, IOTA can hit $1.62 at its highest point.

How Much is IOTA Worth in 2050?

There are few price predictions for IOTA’s distant future, however, Telegaon believes that in 2050 it can reach $30.27 on average. CoinMarketCap experts place IOTA’s maximum price at $14.369.

How Does Iota Price Increase?

IOTA’s price has also varied greatly, even for a cryptocurrency. It changes according to market conditions, news, and media hype.

How High Can the IOTA Price Go?

According to many experts, IOTA coin might have the potential to reach $10, but in a long-term perspective.

Conclusion

At the moment, IOTA coin has a market valuation of around $660 mln, placing it as the 88th largest cryptocurrency globally. However, with good cause, IOTA was once among the top five cryptocurrencies in the world in 2017. It is unquestionably the most popular cryptocurrency and platform for facilitating data transfer between computers, machines, and other gadgets inside the Internet of Things ecosystem (IoT). Additionally, it already boasts a large global clientele and more than 100 partnerships and collaborations with governments, IT firms, and other entities. The bottom line, IOTA has a lot of highly enticing attributes, and hence, many experts expect the price of IOTA to climb in the short and long term.

Where and How to Buy IOTA Coin: Quick-Step Guide

StealthEX is here to help you buy IOTA coin if you’re looking for a way to invest in this cryptocurrency. You can buy IOTA privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

  1. Choose the pair and the amount you want to exchange — for instance, ETH to IOTA.
  2. Press the “Start exchange” button.
  3. Provide the recipient address to transfer your crypto to.
  4. Process the transaction.
  5. Receive your crypto coins.
IOTA Price Prediction - Buy IOTA

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TomoChain x StealthEX: Recap of Exclusive AMA

We conducted StealthEX & TomoChain AMA and here is a recap. Our guest was Lakrisen Haricharan, Head of the TomoMasterDAO ecosystem.

Recap of Exclusive AMA: TomoChain x StealthEX

AMA Questions from Twitter

Q1: Security is the first priority of all projects and platforms. Do you believe that your system is safe and secure enough against hackers? Does #TOMO project have Bug Bounty Programs for everyone that reward individual vulnerability detection of the system?

Lakrisen Haricharan: Security is one of the most important factors in the crypto space. Hacks and exploits vulnerabilities have been the cause of billions of dollars of loss across many ecosystems. This hasn’t been the case with TomoChain.

We provide strong security on the infrastructure level through a novel consensus mechanism called Proof of Stake Voting (PoSV). This innovative system relies on a set of up to 150 masternodes, each governed by users who actively stake their assets to these nodes. This allows masternode owners and stakers to earn passively, while simultaneously increasing the security of the network.

From a security standpoint, we also have double validation. To ensure stable rewards between masternode owners and stakers, masternodes take turns in validating blocks. To ensure this remains secure a second masternode is chosen at random to validate. This brings an extra layer of security to the network without compromising speed. We also have a bug bounty program available. Given that we launched more than 5 years ago it’s not as active as it once was as any vulnerabilities that have been found have been resolved.

Q2: Most of the questions people ask in the AMA section are about the strengths of the project. On the contrary, I am interested in difficulties and challenges. So what difficulties did the team face while developing the project and how did they overcome them?

Lakrisen Haricharan: There will always be challenges when building innovative products. One of the key challenges we’ve been working hard to address is regaining user adoption and breathing new life into our community after the bear market period. During the bear market, we faced the hurdle of keeping our users engaged and enthusiastic. The dip in market sentiment did impact user adoption and community activity.

Challenges often serve as catalysts for growth and innovation. In response, we’ve been actively taking steps to reignite that spark. We’ve been working with partners to onboard new protocols, enriching our ecosystem. Also, we are organizing exciting events, interactive sessions, and even contests to rekindle that sense of belonging within our community. We’re not just looking to rebuild – we’re aiming higher to create an even more vibrant and dynamic playground for our users.

Q3: TomoChain is a highly scalable and secure blockchain My favorite features of TomoChain’s Blazing Fast transaction & Near Zero Fees cost, So my question What do you think are TomoChain’s strengths and competitiveness compared to other similar chains?

Lakrisen Haricharan: As many of us know, the layer one space is highly competitive. There comes a tradeoff in efficiency when it comes to decentralised networks and this is something we wanted to address. We recognized that to drive widespread adoption, we needed a smart contract platform that was not only cost-effective but also lightning-fast and highly scalable. This is precisely where TomoChain steps in to bridge that gap.

We wanted to make sure we were nailing it on the infrastructure level. Our network boasts near-zero gas fees, a 2-second block time, and capacity to process up to 2000 transactions per second. To put the gas fees in perspective, sending a simple transaction from one wallet to another will cost less than 1/1000th of one cent. We also offer unique token standards such as the TRC25 standard. This allows users to transact tokens on the network without paying gas in the native token. We believe all of these factors put us in an industry leading position.


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Q4: Following strategic investment, was the integration of Coin98 into TomoChain completed? Apart from integration, what steps are to be taken additionally as part of this investment?

Lakrisen Haricharan: Coin98’s recent strategic investment in TomoChain is a massive boost on the infrastructure level. To put it simply, we’re utilising Coin98’s resources and network to strengthen TomoChain, all aimed at revitalising the ecosystem and making it dynamic again. We are utilising this connection to build up the infrastructure in the ecosystem to the next level. On top of that, we are focusing to onboard top quality protocols, bring liquidity to the network through exchange listings and run more community initiatives with Coin98. This investment comes along with a strategic partnership to grow the ecosystem together.

Q5: In the rapidly evolving Defi landscape, how does Tomochain aim to stay ahead with the recent developments? Is TomoChain able to support the development of the Metaverse, AI, and NFT infrastructure?

Lakrisen Haricharan: TomoChain is a seamless playground for development. There are a few factors that contribute to being the perfect place for innovative sectors in the Web3 space to flourish. The first is that TomoChain is highly scalable. The second is that gas fees are virtually free. This makes it an incredibly cheap place to develop and test out new technology. The BD department at TomoChain work tirelessly to onboard the next wave of innovative products. We have recently integrated with the Dagora NFT marketplace to help boost the NFT infrastructure. Between world class infrastructure, and a dedicated team we have all the ingredients to lead the next generation of innovation.

Q6: Here tell us about TOMO wallet, how can users feel safe their funds for using this wallet? how secure is this wallet? What types of protection are given here?

Lakrisen Haricharan: TomoChain is a seamless playground for development. There are a few factors that contribute to being the perfect place for innovative sectors in the Web3 space to flourish.

The first is that TomoChain is highly scalable. The second is that gas fees are virtually free. This makes it an incredibly cheap place to develop and test out new technology. The BD department at TomoChain works tirelessly to onboard the next wave of innovative products. We have recently integrated with the Dagora NFT marketplace to help boost the NFT infrastructure. Between world-class infrastructure, and a dedicated team we have all the ingredients to lead the next generation of innovation.

Q7: I generally like to ask this to put perspective to the chat: from your point of view, of all the characteristics of TOMO, which you think is the most: 1. Innovative 2. Abstract 3. Attractive for new users what economic thinking did you translate into TomoChain?

Lakrisen Haricharan: Interesting question here. Here is what I believe for each of these factors:

    • Innovative: The TRC25 token standard is one of the most innovate in the crypto space. Every EVM network has their own token standard which is a copy of the ERC20. If you want to transact a token, you always have to pay a gas fee. In the case of Ethereum, if you want to send some SHIB, you’ll need to pay gas in ETH. This can become a nightmare if you don’t have any ETH available to pay for gas. This is where TRC25 comes in handy. This standard allows you to pay gas in the token you are transacting and not the native token for the blockchain. So if you were transacting the C98 token on TomoChain, you can pay those gas fees in C98. We see this as removing a big roadblock in the road to mass adoption.
    • Abstract: I see the Proof of Stake Voting consensus mechanism as one of the most abstract factors. It is very similar to proof of stake but uses governance to select the masternodes. There are a maximum of 150 masternodes that validate the network. Users can stake to these masternodes to vote for them, and unstake to take away their votes. This gives proper incentives to masternodes to perform correctly and allows users to passively earn while securing the network.
    • Attractive for new users: Cost is a great factor for coming into the TomoChain ecosystem. You will never worry about having enough TOMO in your wallet to pay for gas fees for using DApps or transacting on the network.

    Q8: TomoChain has been in mainnet since 2018. Can you highlight some of the key milestones and achievements the project has reached during this time, and how they have contributed to its growth and adoption?

    Lakrisen Haricharan: We’ve had a pretty big year at TomoChain with plenty of major changes and exciting developments. Coin98 strategically invested in TomoChain earlier this year. Also, we have just received further investment from DWF Labs that was announced a few weeks ago. We’ll be using this to boost the infrastructure of the network and push it to further heights.

    One of our recent milestones was the launch of Tomo Foundation. This non-profit organisation is dedicated to nurturing the growth and prosperity of the TomoChain ecosystem. It’s a reflection of our unwavering dedication to creating an environment that fosters innovation, collaboration, and inclusivity.

    We are also working to onboard top-quality protocols to the ecosystem and bring $TOMO into the hands of more users. This has been achieved through top exchange listings such as Stealth X, as well as increasing the interoperability of the network through integration with Layer0, among many other partnerships and integrations.

    Q9: Going through TomoChain’s website, I noticed that it has a staking feature, so my question is do we lose our staking rewards and earnings when we unstake TOMO coin before the stake expires? Is there a way to Boost our earnings to more than the required percentage APY? How long does it take to withdraw our stake rewards? Lastly, what are the minimum and maximum amount of TOMO coins required for staking? Thank you.

    Lakrisen Haricharan: Staking on TomoChain not only allows users to earn rewards but also helps keep the network secure. Rewards are sent directly to your wallet every 30 minutes. There is no need to worry about losing out on any staking rewards if you were to unstake. It would take 2 days before you can withdraw your $TOMO if you unstake. The minimum amount is 100 TOMO to stake and there is no maximum amount. If you did want to stake large amounts up to 50,000 TOMO I would recommend running a masternode to boost your rewards. Current APY is 10% for stakers and 25% for masternode owners.

    Q10: How does TomoChain’s PoS consensus mechanism balance the interests of its validators and its community members, and what measures are in place to prevent centralization?

    Lakrisen Haricharan: The PoSV consensus mechanism allows for a maximum of 150 masternodes. Through the voting system, it ensures that any masternodes that do not perform can be unvoted by the community members that stake to those nodes. This allows users to help prevent centralization in the system. The other factor is that the entirety of the team tokens are unlocked and 98% of the $TOMO supply is currently circulating. When TomoChain was being architected we put a big emphasis on decentralisation. It is one of the core reasons that we founded the network.

    Live Questions

    Q1: What’s your main focus right now for $TOMO? Are you focused on the community, market/exchange, or the products? Thank you! 💖

    Lakrisen Haricharan: Our main focus at Tomo right now is on ecosystem development. We’re pushing to onboard top-quality protocols and make $TOMO accessible to everyone. This in turn will push the value higher for the ecosystem and all our users

    Q2: I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate?

    Lakrisen Haricharan: We have just rolled out our new ambassador program called TomoDachi. We are getting users involved in the content-making process and helping build brand awareness on a grassroots level.

    Q3: Most investors focus only on the short-term price of the token instead of the actual value of the project. So what are the benefits for long-term investors in your $TOMO project?

    Lakrisen Haricharan: TomoChain has been around for a long time relative to how long the crypto market has been active. We have long-term goals that rely on building the infrastructure for the next generation of users. All team’s tokens are unlocked and 98% of the supply is already circulating. We are pushing the network to the next levels of decentralization.

    Q4: What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?

    Lakrisen Haricharan: Bringing non-crypto natives will be an important factor of success as we enter the next bull market. We are making an effort to make it easier for non-crypto natives to get started by using social logins to manage crypto wallets. We will have more news coming out about this. Keep your eyes peeled for updates.

    Q5: What is your strongest advantage that you think will make your team leading the market?

    Lakrisen Haricharan: Our team is dedicated to bring the most value for users. This is done by working to bring new partnerships to the ecosystem as well as running community initiatives and supporting new projects that want to launch in the ecosystem

    Q6: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?

    Lakrisen Haricharan: The maximum supply of $TOMO is 100 million tokens. Currently, 98% of the supply is circulating and all team tokens are unlocked.

    Q7: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

    Lakrisen Haricharan: Currently, the best way to participate in governance on our platform is through staking to masternodes. This way you can earn passively and help keep the network secure.

    Q8: Are there any upcoming interesting collaborations?

    Lakrisen Haricharan: We have recently had some pretty interesting integrations. We just integrated with Layer0 for interoperability between networks, QuestN for running campaigns, Dagora for NFT trading, and IntoVerse for SocialFi.

    Recap of Exclusive AMA: TomoChain x StealthEX

    StealthEX: Thank you everyone for being here, and we hope that you enjoyed the AMA! 

    You can swap TOMO coin on StealthEX exchange platform.


    How to Buy TOMOCHAIN (TOMO) Crypto?

    Just go to StealthEX and follow these easy steps:

    1. Choose the pair and the amount for your exchange. For example, ETH to TOMO coin.
    2. Press the “Start exchange” button.
    3. Provide the recipient address to which the coins will be transferred.
    4. Move your cryptocurrency for the exchange.
    5. Receive your crypto coins!
    Buy TOMO Crypto

    Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

    Tags: AMA crypto world cryptocurrency TOMO TomoChain



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StealthEX x CryptoDaily: Tesla, Bitcoin, and Bank of America News

Welcome to the crypto news digest, brought to you by StealthEX in partnership with CryptoDaily. Together, we’ve handpicked and summarized the key events and happenings from the past week in the crypto space. Our goal is to keep you informed and up-to-date. Dive in to get the latest and most relevant news updates from the world of crypto.

StealthEX x CryptoDaily Digest

Tesla Maintains Bitcoin Holdings in Q3

In a surprising move, Tesla, the electric car behemoth, has decided to hold onto its Bitcoin investments during the third quarter of 2023. Financial analysts closely watched Tesla’s cryptocurrency strategy; many speculated a potential sale or further acquisition. The company’s recent financial report highlighted that there has been no significant change in its Bitcoin holdings, confirming the speculations of some market experts.

The decision comes when the crypto market is experiencing high volatility. Tesla’s initial investment in Bitcoin had garnered mixed reactions, with some praising the company’s forward-thinking approach while others criticized the potential environmental impact of mining activities. The company’s decision to hold onto its investment is a vote of confidence in Bitcoin’s long-term potential.

Several factors may have influenced Tesla’s decision. The company may be betting on the long-term appreciation of Bitcoin. Alternatively, Tesla may take a more conservative approach, waiting for a more opportune moment to change its investment strategy. Whatever the reason, the market will closely monitor Tesla’s cryptocurrency moves in the coming months.

Bank of America Faces Significant Unrealized Losses

The financial world was recently abuzz with news about Bank of America’s significant unrealized losses. As one of the leading financial institutions in the world, any movement in its financial health is closely scrutinized by experts and investors.

According to recent reports, these unrealized losses have been attributed to some high-risk investments and strategies adopted by the bank. The exact nature and specifics of these investments remain undisclosed. However, financial analysts believe that a combination of traditional and digital asset investments might be the reason behind the losses.

This situation has raised concerns about the broader implications for the banking industry. Some experts argue that this could indicate underlying vulnerabilities in the global financial system, especially if other major banks are also exposed to similar high-risk assets.

The news has also sparked debates about the role of regulatory bodies in monitoring and guiding banking activities. Many call for increased transparency and stricter regulations to ensure that banks operate within safe boundaries, minimizing risks to the global economy.

Bank of America’s leadership is expected to address these concerns in the coming weeks, clarifying the situation and outlining measures to mitigate potential future losses.


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Bitcoin Experiences “God Candle” Amidst Fake News

The cryptocurrency market recently witnessed a rollercoaster of emotions when Bitcoin, the world’s premier digital currency, experienced what traders colloquially refer to as a “God Candle.” This term denotes a sudden and significant price spike, only to crash back shortly after.

This dramatic price movement was reportedly triggered by a wave of fake news circulating online. The specifics of the information remain undisclosed, but it was potent enough to cause a frenzy among seasoned traders and new entrants. The rapid influx of investments, driven by this misinformation, led to a brief surge in Bitcoin’s value.

However, as the truth emerged and the fake news was debunked, the market corrected itself, leading to a sharp decline in Bitcoin’s price. Such events highlight the sensitivity of the cryptocurrency market to news and rumors, emphasizing the importance of accurate information and due diligence.

Uniswap Introduces 0.15% Swap Fees

Uniswap, one of the most prominent decentralized finance (DeFi) platforms, has recently made waves in the crypto community by announcing its decision to implement a 0.15% fee on all swaps. This move marks a significant shift from the platform’s previous fee structure, one of the lowest in the DeFi space.

The decision to adjust the fee structure comes amidst growing concerns about network congestion and rising gas fees on the Ethereum blockchain, which powers Uniswap. The new fee is expected to provide a more sustainable revenue model for the platform while also helping to manage the increased demand for its services.

Users and traders on Uniswap have had mixed reactions to the news. While some understand the necessity of the fee increase for the platform’s long-term sustainability, others are concerned about the potential impact on small-scale trades, which might become less profitable due to the added fees.

Nevertheless, Uniswap’s leadership has emphasized that this move is in the best interest of the platform’s future. They believe the new fee structure will ensure better service quality, faster transaction speeds, and a more robust ecosystem for all users.

SUI Token Faces Sharp Decline Amidst Market Manipulation Allegations

In recent events, the SUI token, a previously rising star in the crypto market, has experienced a sharp decline in value. The plunge in price comes on the heels of allegations surrounding market manipulation involving the token.

Key players in the crypto ecosystem may have artificially inflated the token’s price through coordinated buying and selling strategies. Though not yet confirmed, these allegations have cast a shadow of doubt over the token’s credibility and underlying project.

The crypto community has responded cautiously, with many traders and investors pulling out of their SUI positions. This mass exodus has further exacerbated the token’s price drop, creating a ripple effect of decreasing investor confidence.

Regulatory bodies and crypto watchdogs are expected to delve deeper into the matter to clarify the situation and ensure that any malpractices are addressed. The outcome of these investigations will play a crucial role in determining the future trajectory of the SUI token and its acceptance within the broader crypto community.

Reddit Discontinues Crypto Rewards Program

Reddit, the popular online community platform, has taken a significant step back from the crypto world by discontinuing its much-talked-about crypto rewards program. The initiative, aimed at incentivizing user engagement and content creation, allowed members to earn crypto tokens for their contributions to the platform.

The decision to halt the program has taken many by surprise, especially considering the growing integration of cryptocurrency in various online platforms. Reddit’s management has not provided a detailed explanation for the move but hinted at reassessing the platform’s broader strategy concerning digital assets.

User reactions have been mixed. While some appreciate the platform’s cautious approach to crypto, especially given the volatile nature of digital currencies, others express disappointment, viewing the rewards program as a progressive step towards mainstream crypto adoption.

The discontinuation raises questions about the future of crypto integration in mainstream platforms. While many online services have embraced digital currencies, Reddit’s move might prompt other platforms to reconsider their stance.

Roblox Refutes Claims of XRP Integration

Roblox Corporation, the company behind the immensely popular online gaming platform Roblox, has publicly denied rumors suggesting an integration with the cryptocurrency XRP. Speculations had been rife within the crypto community, with many believing that Roblox was on the verge of incorporating XRP transactions within its platform.

The rumor mill went into overdrive after a series of online posts hinted at a potential partnership between Roblox and Ripple, the company that oversees XRP. However, Roblox’s official statement has put all speculations to rest, confirming that there are no plans for such an integration now.

The crypto community’s reaction to the news has been varied. While some express disappointment, hoping for a mainstream platform like Roblox to adopt cryptocurrency transactions, others appreciate the company’s transparency in addressing the rumors promptly.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

Tags: Bitcoin BTC crypto world cryptocurrency Uniswap

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Top 10 Best Crypto Apps and Exchanges for Beginners

Cryptocurrency assets and the enormous range of related goods and services have expanded quickly in recent years and are becoming more and more connected to the regulated financial system as well as to our daily lives. Many now consider cryptocurrencies to be actual investments rather than merely speculative bets. As of 2023, there are 420 million global crypto users, and the crypto field shows no signs of slowing down. You could benefit from major gains if you know what you are doing, and that is where a reliable crypto app can help, giving you the information and tools you need to be successful. The importance of a secure cryptocurrency app can’t be overestimated when it comes to finances. Read more about the best crypto apps in the new StealthEX article.

Best Crypto Apps

Criteria for the Best Crypto Apps

The features of one of the best cryptocurrency apps include, but are not limited to:

  • User-friendliness: Easy navigation and intuitive design are essential for a positive user experience.
  • Security: Features like two-factor authentication and cold storage will let users have a peace of mind when it comes to their financial security.
  • Fees: Transaction fees, withdrawal fees and commissions should all be accounted for to provide the app’s users with an opportunity to make informed decisions.
  • Supported cryptocurrencies: A large number of coins/tokens supported will let the crypto app’s users have maximum flexibility.
  • Customer support: Availability and responsiveness of the customer support team are crucial because they are the first to be contacted in case things go wrong.

Types of Crypto Apps

The crypto industry is vast and includes a number of options for a variety of use cases.

Crypto Exchange

Cryptocurrency exchanges are where traders can buy, sell, and convert different cryptocurrencies and non-fungible tokens (NFTs). They are necessary for digital assets to be traded at the scale they are today. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products, including crypto apps.

Educational Resources for Beginners

A number of crypto apps provide educational resources to help beginners learn about cryptocurrency and blockchain technology. These resources include articles, videos, and tutorials that cover various topics, including how to use the platform, how to invest in cryptocurrency, and how to store cryptocurrencies safely.

News and Updates Section

For those who would like to stay informed about the news of the crypto industry, crypto apps may have a separate section dedicated to the latest developments in crypto.

Price Alerts and Notifications

Price alerts and notifications that can be set manually will let users stay updated about the state of the crypto market, which can be crucial as cryptocurrencies are highly volatile.

Integration with Hardware Wallets

Hardware wallets are a key component of the blockchain ecosystem. They provide security and utility when interacting with blockchains and give you an extra layer of protection against cyber-attacks, phishing sites, and malware. It’s best to download an app that supports one or various types of hardware wallets for maximum flexibility.

Top 10 Best Crypto Apps

Here is a comprehensive list of the best crypto apps for beginners that will come in handy if you’re just entering the world of crypto.

Coinbase Mobile App

You’ve probably heard of Coinbase, one of the biggest and most well-known exchanges in the United States if you’re familiar with cryptocurrencies. The platform has done a great job of making it simple for new investors to get started, and a straightforward onboarding procedure that aids users in becoming accustomed to trading has contributed to this success.

Coinbase app is a popular and one of the best crypto apps available today, chosen by more than 89 million people. It makes it easy to get started with access to hundreds of different crypto that you can choose from. There are also several options for the cryptocurrency you hold in your digital wallet, like decentralized finance and NFTs.

You have the option of adding a Coinbase Visa debit card that allows you to receive up to 4% back on purchases when you use the card. There are tons of resources available online that spell out the details of investing in cryptocurrency, while also educating users on how to buy and sell. 

Pros:

  • 100+ types of cryptocurrencies.
  • Funds are insured. 
  • Excellent mobile app.

Cons:

  • Pricey fees.
  • Restricted altcoins.

Binance App

Binance app comes from the world’s largest cryptocurrency exchange Binance and it is one of the most popular and top-rated cryptocurrency apps today that supports over 100 cryptocurrencies. There are unique features created specifically to offer the utmost convenience to newcomers. The small things will be taken care of by Binance, so you can put your portfolio on auto-pilot. When you create a custom timetable in the program, it will invest for you using dollar-cost averaging.

It is simple to maintain your wallet so you may purchase any cryptocurrency you want if you need to check your balance. While welcoming newcomers, Binance app also offers many advantages to more seasoned traders. Real-time order books, graphing tools, and trade history are all features of the proprietary interface. It is a particularly excellent option for the most experienced investor because of its minimal fees. 

Pros:

  • Low fees.
  • Works for passive income.
  • Plenty of educational resources.

Cons:

  • Not available in all states.
  • More limited than Binance.

Coinim Crypto Screener & Alert

Coinim Mobile application is a lesser-known crypto app by Coinim.io, but it’s simple to install and features a user-friendly interface and design. Easily navigated, it offers a comprehensive overview of the crypto space. Coinim users can connect to their accounts on cryptocurrency exchanges and monitor their portfolio status in real-time. The app is reliable and offers a great user experience, a claim backed up by its high rating on the Google Play Store and App Store.

Users can set up alerts for instant notifications depending on the alert criteria, which is a useful tool for people who wish to keep track of significant market movements and make wise investment choices. Coinim also allows for the tracking of investments made in many fiat currencies, including the USD, EUR, GBP, and JPY. One of the most noticeable features of Coinim app is its ability to track a wide range of coins from multiple cryptocurrency exchanges. This enables users to easily track their investments and recreate their portfolios inside the app.

Pros:

  • MACD technical indicator alert and RSI technical indicator alert setup.
  • Trading trends and risk level analysis.
  • Screen and scan 900+ crypto pairs.

Cons: 

  • The application is not free, it costs $1.99.

StealthEX Crypto Exchange App

StealthEX is an instant non-custodial crypto exchange that allows users to swap and buy cryptocurrencies instantly without KYC, sign-up or registration. It has been operating since 2018. At the moment, StealthEX’s vast crypto collection includes over 1400+ popular and rare coins and tokens, and the list grows with every month. The platform processes private, wallet-to-wallet transactions and features non-custodial security.

The service offers its customers a wide range of crypto assets that is regularly updated for you to buy cryptocurrency instantly with debit/credit cards or exchange one crypto for another. Competitive rates are available, all collected from a variety of renown providers. StealthEX has partnered with Binance, Huobi, KuCoin, and HitBTC to find the ultimate best rate for its customers and lets its partners take advantage of the splendid Affiliate Program.

In addition, the StealthEX app offers cross-chain swaps between absolutely different blockchains without the need to go through numerous steps that most exchanges require. It’s one of the best features of the platform as it makes any swap effortless and trouble-free.

Pros:

  • Floating or fixed rate swaps.
  • Use USD, EUR, GBP, TL, KES, ZAR, GHS, TZS, MXN, VND, and BRL to buy crypto.
  • No KYC for swaps below €700 or the equivalent of this amount in other currencies.

Cons: 

  • Too convenient to use, so it’ll be impossible to switch to another crypto exchange.

Crypto.com App

Founded in 2016, today Crypto.com is used by more than 50 million people located all around the world, including in locations such as Singapore, Brazil, Australia, and even Turkey. Within the app, available are more than 250 types of cryptocurrency and over 20 fiat currencies. You simply fund your account via your credit or debit card, or you can opt for a bank transfer. Either way, there is no lock-up period.

Where it really gets lucrative is with the Crypto.com Visa Card. With this metal card, you can receive up to 8% back when you use your card, as well as rewards of up to 14.5% on the crypto assets you hold and 10% for stablecoins. This is in addition to the $750 million in insurance coverage that is included. Depending on your needs, the Visa card is available with a CRO stake of anywhere from $0 to $400,000.  

Pros:

  • Visa card available.
  • Multiple options for crypto.
  • Reasonable fees.

Cons:

  • Fees are on the higher side.
  • Not all services are available in the US.

eToro App

More than 25 million users use eToro, making it one of the more well-known trading apps. Along with 22 additional cryptocurrencies, the company boasts 1,788 equities and 221 EFTs, in addition to popular cryptocurrencies like Bitcoin and Ethereum. Here, you can save the customary commissions because there are none, and if you’d rather, you can buy fractional shares. The variety of tools that the eToro app provides is what makes it genuinely exceptional. One such example is CopyTrader, which enables you to emulate the trading approach of eToro’s Popular Investors by receiving their technique for trading coins and return percentages according to your personal risk tolerance.

You also have the option of premade portfolios that are approved by eToro’s own investment committee. To get started, you simply create a CopyPortfolio and join the vast online network available for financial help and advice. You will always stay plugged in with both web-based and mobile push notifications.

Pros:

  • Compatible with 30+ cryptocurrencies.
  • Social trading feature.
  • Minimal opening requirement.

Cons:

  • Limited state availability.
  • Restrictions for margin trading.

Cointelegraph Markets Pro

Cointelegraph Markets Pro is a simple and easy-to-use dashboard powered by the same technology and data used by the leading institutional investors. It’s a powerful crypto research tool that helps traders and investors identify news stories and trading trends that can move markets. Cointelegraph Markets Pro offers a wealth of data powered by artificial intelligence (AI) to help you make smarter trade decisions. As an account holder, you receive critical market news leveraging the same AI technology Cointelegraph’s journalists use to surface the latest news.

Pros:

  • Instant alerts get sent via mobile app and Discord community.
  • Members know about potential market rallies before they happen.

Cons:

  • Could use some improvement in its ratings, with 6 ratings and an average rating of 1.7 stars.

The SimpleSwap Mobile App

One of the popular platforms for buying and selling crypto is the SimpleSwap app. The SimpleSwap platform was established in April 2018, and in May 2020, they released a crypto app that offers exchanges of more than 600 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, etc.

There are two exchange types available – floating and fixed rate. It has a plethora of features that make crypto swaps easy. Additionally, SimpleSwap provides its clients and partners with a loyalty program in the form of SimpleSwap Coin and an affiliate program.

Pros

  • No need to sign up for cryptocurrency exchanges.
  • Cashback benefits on every exchange.
  • 10 user languages are available.

Cons:

  • Not available in some countries, but accessible from many.

Interactive Brokers IBKR Mobile App

Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities, including foreign stocks, and low margin rates. As the name implies, IBKR Pro app is geared toward advanced traders.

Interactive Brokers provides a great deal of information on its website, but finding and interpreting the information you want isn’t always easy. For IBKR Pro customers, the various commission and fee structures can make it hard to quickly identify what your costs will be. IBKR Lite and IBKR Pro customers get access to Client Portal trading platform and powerful Trader Workstation platform at no charge. 

Pros:

  • Large investment selection. 
  • Over 18,000 no-transaction-fee mutual funds.
  • Not only crypto swaps, but strong research and tools are available.

Cons:

  • Difficult navigation on the website.

CoinMarketCap: Crypto Tracker App

Coinmarketcap is a popular crypto portfolio analyzer tool that creates multiple portfolios. It is one of the best crypto-tracking apps that offers features for risk analysis and advanced charting options, and you will also get the option to add notes.

The CoinMarketCap app is one of the best crypto portfolio tracking apps that help your data to remain safe and secure. It keeps track of your profits, losses, and portfolio valuation. The mobile app is available for both Android and iOS, while the coins supported include Bitcoin, Ethereum, Tether, Cardano, and XRP. The tracker also helps you compare their price, volumes, and market caps.

Pros:

  • You can track your current portfolio balance and profit/loss.
  • Your data remains safe and secure.
  • This portfolio tracker app provides extra data for each coin.

Cons:

  • Mobile apps are not as robust as their web interface.

Safety Tips for Using Crypto Apps

Whenever you are using a crypto app, it’s best to stick to a number of tips that will help you get the ultimate crypto experience without experiencing any problems. The first rule in internet security is to have good passwords. Good passwords are lengthy, complex, and hard-to-guess. The longer, the better. Moreover, successfully managing your crypto is connected to properly storing your seed phrase, which is also commonly referred to as a recovery phrase.

Another major consideration is to enable two-factor authentication anywhere and everywhere you can, especially for email and anything financial-related. Never share your private keys.

In addition, regularly stay up to date with the app to be able to take advantage of the latest security updates, avoid using public Wi-Fi when accessing your crypto app, and be wary of phishing attempts. All these precautions will help you stay sharp and keep your fund safe.

Conclusion

The single most crucial factor in cybersecurity and protecting your cryptocurrency is to constantly be vigilant and careful. Hackers are constantly improving their skills, especially in the crypto industry. Cryptocurrency owners must use safe purchasing and storage methods, as well as be security-conscious and follow all-around solid security procedures, and choosing the right cryptocurrency app may be the first – and most crucial step – in building a successful and rich crypto portfolio. With a variety of apps to choose from, including one of the most prominent ones, like StealthEX, make sure to research the crypto field to find an app that would best fit your own needs, whether it may be trading or storing your crypto.


Make sure to follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

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MicroStrategy’s BTC Acquisition, SEC & Invalid Bitcoin Block: StealthEX & CryptoDaily Digest

In the crypto sector, knowledge is power. Dive into StealthEX and CryptoDaily’s weekly roundup for a snapshot of market shifts, tech innovations, regulations, and key collaborations. Stay ahead with our curated insights! Welcome to your essential crypto news digest!

StealthEX x CryptoDaily Digest 29 september

MicroStrategy Acquires Another Big Stash Of Bitcoin Worth $147M

Business intelligence company MicroStrategy has once again showcased its unwavering confidence in Bitcoin (BTC). The company recently announced the acquisition of an additional $147 million worth of Bitcoin, elevating its total holdings to a staggering 158k BTC. This recent procurement was made at an average price of $27,053 per Bitcoin, which is 9% lower than the average purchase price of its entire Bitcoin collection. 

MicroStrategy’s co-founder and executive chairman Michael Saylor shared this news on X, detailing that 5,445 BTC were bought for $147.3 million in cash. As of September 24, 2023, MicroStrategy’s total Bitcoin holdings were acquired for approximately $4.68 billion, with an average price of $29,582 per Bitcoin. The company’s commitment to Bitcoin is evident, as it has even sold 403,362 MSTR shares to fund this latest Bitcoin purchase. 

Furthermore, MicroStrategy had previously intended to raise around $750 million through stock sales to buy more Bitcoin. The company’s unwavering bullish stance on Bitcoin remains evident, especially with its continuous acquisitions, even as the cryptocurrency’s price fluctuates.

SEC Gensler Told He Is Not Above the Law and Threatened with Subpoena

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), faced intense scrutiny during a recent House Financial Services Committee hearing. Democrats and Republicans grilled Gensler with the spotlight on the SEC’s transparency, especially concerning its interactions with FTX and its former CEO, Sam Bankman-Fried. Republican McHenry did not mince words, accusing Gensler of a “lack of responsiveness” and even threatening a subpoena if the SEC did not clarify its dealings.

One of the key moments during the hearing was when McHenry questioned Gensler about Bitcoin’s classification, asking whether it was a security or a commodity. After some evasion, Gensler acknowledged that Bitcoin wasn’t a security as per the Howey test but stopped short of labeling it a commodity. Another notable exchange occurred between Democrat Richie Torres and Gensler, where Torres inquired if a tokenized Pokemon card on a digital exchange would be treated as a security. Gensler’s response was non-committal, stating he’d need more information.

Congressman Tom Emmer also took a critical stance, quoting Gensler’s previous remarks about bank executives’ concerns over the shift of deposits into crypto exchanges and wallets. Emmer questioned Gensler’s regulatory approach, suggesting it might be more about protecting industry incumbents than fostering innovation. He concluded by emphasizing that even Federal Courts have pointed out the potential harm caused by the SEC’s actions, questioning its legal authority to stifle competition in financial markets.


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Marathon Digital’s Experiment Results to Invalid BTC Block

Marathon Digital, a prominent Bitcoin miner, recently acknowledged mining an invalid block on the Bitcoin network. This occurred on September 26 at 9:42 pm UTC at block height 809478. The company attributed this to an optimization experiment that inadvertently led to the error. The glitch was identified as an unexpected bug within Marathon Digital’s internal development environment, unrelated to their main Bitcoin production pool or the primary Bitcoin Core software.

Research entities, including BitMEX Research and an anonymous core developer named “0xB10C”, pinpointed the mistake as a “transaction ordering issue”. Jameson Lopp, the founder of CasaHODL, further confirmed the case. Specifically, two transactions were improperly ordered, resulting in an invalid block. According to a Bitcoin developer named “mononaut”, the transactions were reordered based on ascending absolute fees, causing the discrepancy.

Marathon Digital quickly addressed the situation, emphasizing that only a small fraction of their hash rate was used for such experimental endeavors. Industry experts, like Dylan LeClair, advised that future tests of this kind should first be conducted on a testnet to prevent potential errors on the main Bitcoin network. Reflecting on the incident, Marathon highlighted the robustness of the Bitcoin network, which promptly detected and corrected the invalid block.

Marathon Digital, a significant player in the cryptocurrency domain since 2021, is recognized as the second-largest Bitcoin holder among public entities. Following the incident, Marathon Digital’s share price dipped by approximately 2.91% as of 20:00 EDT on September 27. The company currently possesses 11,466 BTC, with its stock priced at $8.01 and a market capitalization of $1.4 billion.

Coinbase Holds as Much Bitcoin as Satoshi Nakamoto

Coinbase, one of the leading cryptocurrency exchanges, is now believed to hold an amount of Bitcoin comparable to that of Bitcoin’s enigmatic creator, Satoshi Nakamoto. According to insights from Arkham, a blockchain analysis platform, this equates to approximately 5% of all existing Bitcoin. 

Over the years, under the leadership of CEO Brian Armstrong, Coinbase has consistently augmented its Bitcoin reserves. Satoshi Nakamoto’s Bitcoin wallet remains untouched since the inception of the cryptocurrency. Possessing 5% of all Bitcoin is a significant achievement for Coinbase, positioning it favorably in a future where Bitcoin could emerge as a dominant global asset, especially given its independence from the depreciating fiat monetary system.

Arkham’s analysis, however, does come with a caveat. The platform has yet to examine all of Coinbase’s wallets comprehensively. They have identified and tagged over 36 million BTC deposit and holding addresses associated with Coinbase. Their largest identified cold wallet contains around 10,000 BTC. Arkham speculates that there are potentially thousands more BTC in Coinbase’s possession that still need to be labeled.

Apart from Bitcoin, Coinbase also holds other cryptocurrencies. ETH is its second-largest holding, valued at $2.68 billion, followed by $488 million in LINK and $193 billion in BNB, the native token of its major competitor, Binance.

MoneyGram to Introduce Non-Custodial Digital Wallet in 2024

MoneyGram International, a frontrunner in the fintech sector, has declared its plans to unveil a non-custodial digital wallet by the first quarter of 2024. This pioneering venture is designed to offer users enhanced security for storing and managing their digital assets. Furthermore, the initiative will enable consumers to harness stablecoin technology, ensuring a smooth transition between traditional fiat and crypto currencies.

The announcement was made by MoneyGram’s CEO, Alex Holmes, during the Stellar Development Foundation’s annual Meridian conference. Holmes emphasized the transformative potential of the digital wallet in revolutionizing cross-border payments. He articulated,

Through the services we provide in partnership with SDF, MoneyGram has made strides to create equitable access to the global financial system… The MoneyGram non-custodial digital wallet advances this mission even further.

Alex Holmes, MoneyGram’s CEO

Once activated, users can visit any participating MoneyGram location to convert their digital assets into cash, thereby enhancing the utility of their holdings. Additionally, they can effortlessly transfer digital assets to other wallet users. 

A notable feature of this wallet is MoneyGram’s incorporation of its advanced global compliance screening for all users.

The digital wallet will be available as a complimentary service until June 2024. It operates on the efficient Stellar network and integrates seamlessly with MoneyGram’s fiat on and off-ramp services linked to the Stellar network. The wallet’s development was a collaborative effort between Cheesecake Labs and MoneyGram.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

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Crypto Market: SEC, BTC, ETH, Altcoins | Dive In Now!

The crypto market has been stagnant in recent weeks. As it turned out, however, this was only the calm before the storm. In recent days, some very negative news has emerged. The SEC has filed lawsuits against the largest exchange in the world and the largest exchange in America – Binance and Coinbase. The situation has caused quite a bit of turbulence. We invite you to our next weekly recap. As always, we will discuss the charts of the two largest cryptocurrencies – BTC and ETH – and then analyze the news! So, let’s get started!

Review of the Crypto Market: June 9, 2023

Bitcoin Price in USD This Week

The Bitcoin price has been in a rather narrow range in recent weeks. However, the SEC’s lawsuit against Binance announced on June 2, caused quite a drop. The price of BTC dived from USD 27,000 to almost USD 25,000 in one day. One day later, however, it managed to recover nearly all of its losses. However, we are still below last week’s level. So, what is the price of Bitcoin today? As of today, BTC is oscillating around USD 26 500.

Bitcoin Price in USD This Week

However, all signs indicate that the situation with the SEC has reflected more strongly on altcoins than Bitcoin. And this is because the dominance of BTC has increased by 0.5% and now stands at 44.7%. Interestingly, such strong news has not affected investor sentiment. The Fear and Greed Index indicates the same level as the week before – 50 – and investors’ attitude towards investments is still neutral.

BTC Fear and Greed Index

Ethereum Price in USD This Week

Ethereum’s chart looks similar to Bitcoin’s. And this is even though the SEC did not mention ETH in its lawsuit. Ether also recorded a huge red candle, through which it even dived to the USD 1780 level. Today, however, the price of ETH has partially recovered its losses and is oscillating around USD 1850.

Ethereum Price in USD This Week

Ethereum’s dominance of the market also increased, although marginally – by 0.2%. Investor sentiment, however, is much worse than a week ago. Ethereum’s Fear and Greed Index indicates fear.

ETH Fear and Greed Index

Biggest Crypto Gainers This Week

Although Bitcoin and Ethereum did not do so well this week and saw declines already recovered, several altcoins showed solid gains. BSCEX, for example, has given investors as much as 8,000% return over the past seven days. In terms of other tokens, we can include among the biggest crypto gainers this week:

The list of cryptocurrencies that saw any increases last week includes: XRP, EOS, and Cronos. The rest of the altcoins recorded losses.

Crypto News of the Week

Now that we know how BTC and ETH behaved and which alts gained the most, it is time to move on to the most important part of our review. Let’s review last week’s news because a lot was going on.

Ripple May Go Public Via an IPO

According to an expert, Ripple may go public through an IPO. Other rumors and facts also evidence this.

The topic arose during a Digital Perspectives interview with Linda P. Jones, a Wall Street investor. She provided an initial valuation of potential Ripple shares. Based on data from investment firm Linqto, she calculated that the price per Ripple share would be US$35 (with a market cap of US$5.7 billion). The expert added that this valuation could be pessimistic and the price per share could cost more.

But why is the idea of the company going public? Firstly, we have previously seen the successful IPO of the Coinbase exchange. Ripple might want to go in this direction as well. On top of that, the long-running XRP lawsuit filed against the company by the Securities and Exchange Commission (SEC) will soon end. The regulator alleges that Ripple’s token is a de facto security, so the entity broke the law because it issued unregistered stocks.

Above all, however, Ripple had already expressed a desire to go public. In May 2022, its CEO, Brad Garlinghouse, said at a conference in Davos that Ripple was moving the possibility of an initial public offering (IPO). However, he conditioned the IPO on completing the pending legal process mentioned above.

That is not all, however. That these plans are taking shape is evidenced by Fox Business reporting that Ripple held a private ‘roadshow’ – a meeting with potential IPO investors – in April. Several well-known investors reportedly attended the meeting.

Do Kwon Will Be Released

According to an official announcement from the Podgorica High Court, the appeal of the National Prosecutor’s Office against an earlier agreement to release Do Kwon on bail has been dismissed. As a result, the former CEO is being released. Along with him, former CFO Han Chang-Joon was also released from custody. Both will await further court proceedings under house arrest.

Bail was set at as much as €400,000 (US$436,000). On top of this, Kwon and Chang-Joon are subject to strict conditions of release from custody – they are not allowed to leave their temporary residence. Local police will closely monitor the duo. If they leave the accommodation where they will be staying or violate surveillance measures – the bail will be forfeited.

Kwon and Chang-Joon were arrested in Montenegro in March 2023. It all took place at the airport in the country’s capital. They were trying to board a plane they wanted to bring to Dubai. The reason for the arrest was that they were using alleged forged documents. It was not just an attempt to hide their identities, but the South Korean authorities canceled their original passports in October 2022.

The court noted that it would take more time to verify the authenticity of the two Koreans’ Belgian passports and ID cards. Thus, it stressed that the agreed bail amount “is a sufficient guarantee to secure the presence of the defendants” in Montenegro.

SEC Sues Binance and Coinbase

This week, the US Securities and Exchange Commission (SEC) sued Binance and its CEO, CZ. The lawsuit cites cryptocurrencies that the authority considers to be securities.

Let’s start with the SEC suing Binance, its US subsidiary, and CZ itself. It is talking about as many as 13 allegations of, among other things, illegal operations in the US. However, the lawsuit also lists cryptocurrencies that officials consider to be securities. These include BNB, Binance USD, Solana, Cardano, Polygon, Cosmos, The Dandbox, Decentraland, Axie Infinity, and COTI. It is worth mentioning that the SEC also recognizes XRP tokens, LBRY’s LBRY Credits, and Algorand as securities.

A few days later, US exchange Coinbase also received a suit. Authorities claim that the company never registered as a broker, national securities exchange, or clearing agency. On top of that, several tokens offered by the platform, including Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Sandbox (SAND), Axie Infinity (AXS), Chiliz (CHZ), FLOW, ICP, NEAR, VGX, DASH, and NEXO qualify as securities.

The lawsuit specifies that Coinbase has operated as an unregistered broker since 2019. However, this is not the end of the story. It also stated that Coinbase’s staking program is, in legal terms, an investment contract. It also has implications – the exchange should register with the SEC.

With the lawsuits targeting Binance and Coinbase, whether cryptocurrencies are securities is resurfacing. The head of the SEC, Gary Gensler, believes they are. The problem is that he says so in the media, but during a recent congressional hearing, he refused to confirm his controversial claims.

So far, SEC documents show that the Commission considers just over 60 tokens and cryptocurrencies securities. Neither Bitcoin nor Ether is on the list.

Bitcoin Ordinals Will Receive Another Update

The Bitcoin Ordinals protocol will be able to index older inscriptions and thus allow them to be sold and bought. 

The new update aims to fix more than 71,000 invalid or faulty inscriptions. These were created due to misuse or deliberate abuse of the operating code. Such behavior ultimately led to their invalidity. An update was, therefore, necessary. 

The problem had been analyzed before, with Ordinals creator Casey Rodarmor presenting an initial concept for a solution in April. Casey had an ambitious plan to automate the transformation of faulty inscriptions into correct ones using the creation of special subsets. A block activation pitch was then set, where specific types of previously invalid inscriptions would begin to be indexed as normal, positive ones.

The Atomic Wallet Cryptocurrency Wallet Has Been Hacked

The team behind Atomic Wallet announced on June 3 that it had received reports of the wallet being hacked. It further stressed that it would investigate them. The investigation involves a well-known”detective” who helps track assets transferred on blockchains – ZachBTX. 

He has analyzed transactions relating to stolen funds from Atomic Wallet victims and relayed that more than $35 million in cryptocurrencies were stolen due to this breach. The earliest transaction involving stolen Atomic Wallet assets occurred on Friday, June 2, at 21:45 UTC.

The detective relayed that the most severe loss incurred on a single address was US$7.95 million in USDT. The five largest thefts settled at US$17 million.

Atomic Wallet is now collecting information from victims, asking, among other things, what operating system they use, where they downloaded the software from, what they did before their funds were stolen, and where they stored the account recovery phrase. 

Crypto News From Our Partners: Bambi is Developing at a Fast Pace

The Bambi project, although relatively new, is developing at an incredibly fast pace. According to a recent tweet, it will soon launch several new products, including a 3D game, an animated series, a THUMP token airdrop, token burning, NFT, and digital comics, to which anyone in the community can contribute. Moreover, the project already has 7,000 HODLers, and the market cap of the BAM token has reached $2 million!

Bambi is Developing at a Fast Pace

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

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