Sui (SUI) and Bitcoin Dogs (0DOG) gains attract investors’ attention

• Sui (SUI) has surged 116.2% in three months.
• While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal.
• Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest.

Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors.

Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors.

Sui price soars by 63% in two weeks amid bullish market sentiment

Sui (SUI) has recently made headlines, witnessing a remarkable price increase of over 116.2% in the past three months, outpacing established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Currently priced at around $1.77, SUI has demonstrated resilience despite a recent price pullback, suggesting a robust bullish sentiment. Its price has risen by 63.7% over the past two weeks adding to its yearly gains of 277.09%, at press time.

Sui’s TVL recently surpassed the significant milestone of $1 billion, hitting an all-time high of $1.03 billion on September 19. Although the TVL has slightly decreased to approximately $984.85 million according to DefiLlama, this figure still represents a substantial increase from previous metrics, showcasing the growing liquidity and trust in Sui’s decentralized finance (DeFi) ecosystem.

A higher TVL generally indicates greater liquidity, making the protocol more attractive to both investors and developers.

Sui’s trading volume also reflects strong market confidence, with recent spikes reaching over $1 billion, indicating sustained investor interest. The derivatives market mirrors this trend, with volumes reaching $2.49 billion on September 25, a notable 35.57% increase within just 24 hours.

Despite some fluctuations, these figures underscore a high level of participation in the SUI derivatives market, with significant short liquidations suggesting that bearish traders are being squeezed out, paving the way for continued bullish momentum.

In addition to impressive financial metrics, Sui has seen a rise in user engagement, with daily active addresses increasing from 1.24 million to 1.8 million on September 27—a 12.93% uptick in just one day. This surge in user participation signals heightened interest in Sui’s decentralized applications (dApps) and services, which could further enhance the asset’s attractiveness.

Bitcoin Dogs (0DOG): The Rising Meme Coin

Besides Sui, Bitcoin Dogs (0DOG), a relatively new meme coin, is rapidly establishing itself in the meme coin sector. It is currently priced at $0.00661 after a successful presale round and listing on several crypto exchanges including MEXC.

Although 0DOG has experienced notable volatility, including a 64.83% decline over the past month, its long-term prospects remain bullish. This is largely due to its close correlation with Bitcoin’s price movements, positioning it as a leveraged play on Bitcoin, especially as institutional interest in Bitcoin ETFs grows.

What sets Bitcoin Dogs apart is its innovative approach. As the first-ever ICO project on the Bitcoin network, it combines elements of NFTs and play-to-earn (P2E) gaming mechanics. The upcoming launch of its Telegram game is anticipated to provide additional utility, attracting not only meme coin enthusiasts but also gamers and investors looking for innovative blockchain projects.

This unique blend of features positions Bitcoin Dogs as more than just another meme coin; it represents a new frontier in the Bitcoin ecosystem.

Despite recent fluctuations, Bitcoin Dogs has the potential to outperform traditional assets in bullish market conditions.

Analysts predict that the meme coin supercycle is just beginning, with 0DOG expected to capitalize on this trend. Early Bitcoin investors, who have demonstrated market-savvy decisions in the past, are flocking to Bitcoin Dogs, hoping to replicate their initial successes with Bitcoin.

Conclusion

With both Sui and Bitcoin Dogs capturing investor attention through their unique value propositions and strong metrics, they are set to play significant roles in the evolving cryptocurrency landscape. As more participants enter the market, these tokens could pave the way for future growth, making them essential assets to watch closely in the coming months.

Whether you are a seasoned trader or a newcomer to cryptocurrency, SUI and 0DOG offer intriguing opportunities for those willing to explore their potential. For more information about 0DOG, you can visit the project’s website.

The post Sui (SUI) and Bitcoin Dogs (0DOG) gains attract investors’ attention appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/BFtS1h8

Can Chainlink reclaim its $52 ATH by 2025? This rival token could oust LINK from top 15 cryptos

Chainlink (LINK) was the golden child of the crypto era, achieving record highs of $52 in 2021. But as matters currently stand today, the LINK price today is at a low of $11.45 – which is far from way back to that time. Like many investors, they still believe that Chainlink could get back to its former peak again, but surpassing its ATH of $52 by the year 2025 might not be as easy as it appears. In the cryptosphere, there is always an upstart waiting to grab the glory. Rexas Finance (RXS) makes its grand entrance. It is a new-age token in its presale phase which not only seeks to beat Chainlink by 2025 but cause a shakeup in the top 15 cryptocurrencies in 2025.In this article, we will explain how Chainlink might not be able to get back to its ATH and in what way Rexas Finance is aiming to redefine the market.

The Link Between the Future of Chainlink and the Resistance Zone at $21

Chainlink has earned its popularity thanks to its long-established credentials as a decentralized oracle provider on all blockchains, allowing blocks and or partial tools used with real-world data. Thanks to its technology, many meditated DeFi protocols have been built as a necessity. Its need in the crypto world is evident. But with the evolution of the market, there are hurdles that LINK may face which means the elusive $52 ATH will not be achieved by the year 2025.As things stand now, Chainlink’s principal resistance level is at $21. For LINK to resume its bullish flow of price and get back to its bullish short-term trend of aiming to recover its ATH, this price point must be surpassed first. Such a breakthrough seems to be of utmost importance, because only then it may be possible, for enough buying pressure to build up toward propelling LINK to fresh peaks. Even in good conditions in the market, Chainlink’s historical ATH might still be a restriction.Though LINK has still some possibilities for long-range value appreciation, a new player in the market called Rexas Finance (RXS) is preparing itself to take over the center stage in the next wave of crypto growth.

Rexas Finance (RXS) — The Underdog with Explosive Potential

Rexas Finance is on the rise in the crypto world and it is understandable why. RXS cryptocurrency is changing how people invest in properties such as real estate, commodities, and even pieces of art owing to the real-world asset (RWA) tokenization strategy. There is no requirement of having deep pockets to wade into the investment. You are free to acquire as much (or little) real estate as your finances allow.

The Rexas Finance presale stage three costs just $0.050. Here is where things get interesting. RXS has been up 66.3% since the presale started from a price of $0.030 in stage 1, followed by $0.040 in stage 2, and now in stage 3. The team plans to list RXS at $0.2, which means 300% growth from the current level. It is not surprising for analysts to anticipate that the moment Rexas Finance goes live in 2025, it will be the toast of users and dominate a market cap of $10 billion. With this growth path, some analysts believe that RXS has the power to displace Chainlink from the top 15 cryptos’ charts.

Could RXS Be Ready For A Big Surge?

There is no doubt about the rise of Rexas Finance. RXS has maintained a pattern of positive increase during each presale stage and there are no signs of it tapering off. When RXS enters the open market and starts trading at some price of about $0.2, many analysts are predicting that there could be superfast growth and RXS could eventually number among the TOP 15 cryptocurrencies by market capitalization beating Chainlink. This potential makes Rexas Finance one of the most promising projects to be followed in the coming as it has that boom possibility. RXS will appreciate further as more people understand the advantages that come with RWA tokenization and therefore the value of RWAs will rise.

Conclusion: Will Chainlink Survive the Rexas Finance Revolution?

In conclusion, while Chainlink has a potential share in the crypto world, it is apparent that Rexas Finance is a token worthy of attention. RXS could make a splash in the market with its novel tokenization of real-world assets and oversubscribed presale, making Chainlink proud of its stature and a run for its money. So, while LINK investors still cannot imagine a world where their loved tokens never reach the market price of $52, some clever investors are already looking at Rexas Finance as the next big opportunity. 

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

Website: https://rexas.com

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

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

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

Telegram: https://t.me/rexasfinance

The post Can Chainlink reclaim its $52 ATH by 2025? This rival token could oust LINK from top 15 cryptos appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/XK08i4O

Judge rules Tornado Cash co-founder will face trial for money laundering

• Roman Storm will face trial on Dec. 2 for alleged money laundering via Tornado Cash.
• The judge rejected Storm’s defence that his code was protected under the First Amendment.
• The prosecution must, however, prove Storm knew he dealt with proceeds of any crime, not specifics.

Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, is set to face trial on December 2, 2024, in New York after a US federal judge rejected his motion to dismiss money laundering charges.

District Judge Katherine Polk Failla of the Southern District of New York denied the dismissal during a telephonic conference on September 26, pushing the case to trial.

Tornado Cash founders face multiple charges

Storm, alongside co-founder Roman Semenov, faces multiple charges, including conspiracy to commit money laundering, conspiracy to violate the International Economic Emergency Powers Act (IEEPA), and conspiracy to operate an unlicensed money-transmitting business.

The charges stem from allegations that Tornado Cash facilitated the laundering of over $1 billion in criminal proceeds, some of which were linked to North Korea-backed cybercrime group Lazarus.

In a motion to dismiss the charges, Storm’s legal team argued that his role in developing the Tornado Cash software was protected under the First Amendment.

However, Judge Failla rejected this claim, asserting that the “functional capability” of the code did not equate to free speech as defined under the First Amendment. She emphasized that the government’s efforts to combat money laundering and sanction evasion were “wholly unrelated” to suppressing free speech.

The court also ruled that control was not a necessary element for the charges under the 1960 statute and rejected the argument that Storm had to be aware of specific criminal activities. Instead, the prosecution must only prove that Storm knew he was dealing with proceeds from a crime.

The judge dismissed arguments about due process, stating that Storm’s state of mind and intent were matters for the jury to decide.

Judge Failla further noted that Tornado Cash was not “meaningfully different” from traditional financial services and money-transmitting firms, thereby holding Storm accountable under existing laws.

The trial, expected to last two weeks, could set a precedent for how software developers are treated under US law when their technology is used for illicit purposes. Roman Semenov, Storm’s co-founder, remains at large.

The post Judge rules Tornado Cash co-founder will face trial for money laundering appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/FTXRpDj

PEPE surges as Arthur Hayes bets on meme coin

• PEPE price shot up 14% as meme coins rose, with Floki and Shiba Inu among top gainers.
• The price of Pepe increased as Arthur Hayes withrew $250,000 in PEPE from Binance.
• Hayes is also touting Mother Iggy (MOTHER) and Mog Coin (MOG).

Pepe (PEPE) price spiked more than 14% in 24 hours as the meme coin reacted upwards to a massive bet from Arthur Hayes. The uptick follows recent gains for PEPE alongside dogwifhat and Sei.

At the time of writing, the frog-themed meme coin was trading at $0.00001047, having deleted one zero as prices reached intraday highs of $0.00001071. Pepe’s trading volume rose 34% to over $1.3 billion.

These gains, which came as Bitcoin surged above $65k and top altcoins sought to mirror it, have seen PEPE rank among the top gainers on the day in the top 100 by market cap category.

Pepe price chart on CoinMarketCap showing sharp surge on September 27, 2024

Pepe’s market cap was $4.4 billion, up 14% in 24 hours. In terms of top gainers in the 100 largest coins by market cap, PEPE ranked behind Wormhole (W), whose price had increased by 17% to $0.32.

Floki (FLOKI), another flying meme coin, was up 14% while Shiba Inu (SHIB) also outpaced most altcoins with 13% upside in the past 24 hours.

PEPE price soars amid Arthur Hayes bullish bet

The meme coin market is abuzz, with Solana-based baby hippo meme Moo Deng (MOODENG) outperforming all top 500 coins by market cap. However, many of the other meme coins are also seeing decent gains as traders bet on further upside momentum.

Crypto analyst Rekt Capital pointed to PEPE having broken its downtrend with the latest price rally.

$PEPE

PEPE also broke its multi-month Downtrend#PEPE #crypto #BTC https://t.co/HXzveqvwN8 pic.twitter.com/bF1Df1rcAK

— Rekt Capital (@rektcapital) September 27, 2024

PEPE has attracted the attention of Arthur Hayes, the former BitMEX CEO who has recently increased his bullish bet on Aethir (ATH), a decentralized cloud infrastructure platform for gaming and artificial intelligence.

As well as adding to his ATH position with another $1.5 million purchase on Friday, Hayes bought $250,000 worth of PEPE. The crypto investor and entrepreneur acquired the meme coins on crypto exchange Binance.

Other than PEPE, Hayes also recently talked about Mother Iggy (MOTHER) and Mog Coin (MOG).

It's time for a memecoin breakout. I respect my $MOTHER, I $MOG like no one else, but I can't neglect $PEPE.

Yachtzee Bitches!😘😘😘😘😘😘

— Arthur Hayes (@CryptoHayes) September 27, 2024

The post PEPE surges as Arthur Hayes bets on meme coin appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/PrDTOFs

Crypto surge is underway as Bitcoin Dogs burns 100m tokens

Cryptocurrency prices staged a strong comeback on Thursday, helped by the recent Federal Reserve interest rate cuts and the flood of money from China. 

Bitcoin (BTC) surged to over $65,000 for the first time since July 1st. It has jumped by more than 20% from its lowest level this month, meaning that it has moved into a bull market.

Other popular cryptocurrencies also bounced back, with Shiba Inu, Ethena (ENA), Wormhole, and Pepe leading the way. This price action could trigger a Bitcoin Dogs (ODOG) comeback.

Cryptocurrencies rebound

A risk on sentiment has spread in the financial market. American stock indices like the Dow Jones, S&P 500, and Nasdaq 100 jumped to their record highs while the US dollar index (DXY) continued its downward trend.

This performance is happening as the market continued to reflect on last week’s Federal Reserve decision. In it, the bank decided to cut interest rates by 0.50% and hinted that more of these cuts were coming. Bitcoin and other risky assets do well when the Fed is dovish.

Technically, Bitcoin now sits above the 200-day and 50-day moving averages, pointing to more upside. Besides, the coin has avoided forming the highly dangerous death cross chart pattern.

Cryptocurrencies also surged after China pointed to more stimulus in a bid to hit the 5% growth target. The government will provide over $140 billion in stimulus. As a result, Chinese stocks have surged hard in the past few days, triggering a bull run globally.

There have been some more crypto-related news. For example, MicroStrategy has continued accumulating Bitcoin in the past few months and now holds over 233k coins. Also, Gary Gensler, the head of the Securities and Exchange Commission (SEC) said that Bitcoin was not a security. 

The other notable news was that Avalanche, a leading layer-1 network, launched a giant $40 million grant program to grow its ecosystem. 

Bitcoin Dogs could rebound

Bitcoin Dogs, the highly popular cryptocurrency that raised over $15 million in its token sale, has not done well. 

It dropped to the important support level at $0.01, much lower than the all-time high of $0.1224. 

This makes it one of the cheapest meme coins to invest in. Besides, most coins that dropped sharply have staged a strong comeback in the past few days. Some of these meme coins are MOTHER Iggy, which is linked to Iggy Azalia and Daddy Tate. 

Bitcoin Dogs has several catalysts ahead. For example, the developers have announced that they are working on a play-to-earn game, where players will be rewarded in the ODOG token. This launch will make the coin transition from being a mere meme coin into a token with utility.

Additionally, the developers have burned 100 million tokens, a move that is expected to make it rare. 

🚀🔥 Incredible Community Power Unleashed! 🔥🚀

Thanks to all the dawgz who joined our Bark to Burn X space, we’ve burned 100 MILLION #0DOG tokens! 💥

Let’s keep the momentum going—stay tuned for more exciting updates! 💪🚀#0DOG #BarkToBurn #CryptoCommunity #TokenBurn pic.twitter.com/cgAIxYdgEv

— BitcoinDogsClub (@BitcoinDogsClub) September 26, 2024

The post Crypto surge is underway as Bitcoin Dogs burns 100m tokens appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/CxptBn9

Mark Cuban voices interest in becoming the next SEC chair

• Mark Cuban claims that Gensler is “awful” for crypto and all businesses
• Cuban highlighted Harris’s promise to advance technologies such as AI and blockchain
• Lawyer John Deaton said Cuban would be a “breath of fresh air” unlike the “lawlessness of Gary Gensler” as head of the SEC

Billionaire entrepreneur Mark Cuban has said he’d be interested in becoming the chair of the US Securities and Exchange Commission (SEC) if Kamala Harris becomes the next President of the White House.

Speaking on Fox News in an interview with Neil Caputo, the Dallas Mavericks owner was asked whether he’d be interested in positions such as the Treasury Secretary or the Commerce Secretary under a Harris administration.

The crypto friendly billionaire responded by saying:

“Head of the SEC. That’s the job I would take.”

He added that he’d be open to working as the head of the Department of Health and Human Services (HHS), “but somebody needs to replace Gary Gensler” who is the SEC’s chair.

Cuban continued by highlighting Harris’s promise to advance technologies such as artificial intelligence and blockchain. Earlier this week, Harris delivered – what are believed to be her first – crypto-positive remarks at a New York fundraiser.

During her speech, she said under her administration, she would “encourage innovative technologies like AI and digital assets.”

However, when pushed further by Caputo about potentially replacing Gensler, Cuban said “bottom line, he’s awful, particularly for crypto and for businesses in general.”

A blight on technology

Cuban hasn’t been one to shy away from criticizing Gensler and the SEC’s policies and regulatory approach to crypto companies.

Recently, the entrepreneur took to X, commenting on Rep. Richie Torres’s post, where the head of the SEC claimed that NFTs were securities.

Gensler is gone https://t.co/NbPd4RQkM7

— Mark Cuban (@mcuban) September 24, 2024

In an earlier message on the social media site, Cuban argued that Gensler was “a blight on the technology community.”

Gary Gensler is a blight on the technology community. He says Howey is the law of the land. If it was, there never would be a reason for Reves vs Ernst &Young to exist https://t.co/QebV6xb3uy

— Mark Cuban (@mcuban) September 24, 2024

For many, Gensler has taken a hard-line approach to crypto companies, often labeling them as securities and taking legal action against those that supposedly violate securities laws. It it this lack of clarity that is putting a damper on the industry’s growth in the US.

Some think that if Cuban were to replace Gensler, he’d be a “breath of fresh air” unlike the “lawlessness of Gary Gensler,” as stated by John Deaton, a lawyer and entrepreneur. To help advance the space with more regulatory clarity, many in the space will be waiting to see who will next be the head of the SEC.

The post Mark Cuban voices interest in becoming the next SEC chair appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/bJCl4i9

Synesis Foundation partners with AirMoney DEGN for DePIN-focused consumer hardware

• Synesis Foundation and AirMoney DEGN partner to enhance AI and DePIN hardware.
• AirMoney DEGN device will support AI data validation and reward users in crypto.
• Partnership boosts decentralized data validation and expands DePIN utility.

Synesis Foundation has announced an exciting partnership with AirMoney DEGN to accelerate the adoption of decentralized hardware within the AI and Decentralized Physical Infrastructure Network (DePIN) sectors.

This collaboration marks a significant milestone, as it supports the introduction of Solana’s first AI data pre-processing solution, while also enhancing the utility of DePIN-focused hardware. The partnership aims to revolutionize data validation for AI clients and increase participation in the DePIN economy.

Expanding the utility of AirMoney DEGN

The AirMoney DEGN device goes beyond the capabilities of a standard crypto wallet, enabling users to securely trade crypto assets, interact with web3 games, and participate in the DePIN ecosystem.

By integrating Synesis Foundation’s AI pre-processing solution, the device offers users the opportunity to engage in data validation tasks for AI clients, earning rewards in the process. This provides a unique dual functionality for DePIN hardware users, allowing them to not only manage digital assets but also contribute to AI data campaigns through decentralized consensus mechanisms.

Synesis Foundation will build a dedicated application for the AirMoney DEGN device, enabling hardware holders to participate in tasks such as validating Reinforcement Learning with Human Feedback (RLHF) data.

This innovative solution is poised to increase awareness of decentralized infrastructure solutions, offering greater opportunities for users to earn rewards through Proof of Activity (PoA) and become active participants in the DePIN economy.

Revolutionizing AI data validation on Solana

As one of the first AI projects on Solana, Synesis Foundation has already processed over 1.5 million AI data transactions on-chain. The foundation’s new RLHF campaign allows AirMoney DEGN owners to participate in validating critical frontier data, further boosting their crypto earnings while supporting the AI economy.

This collaboration reflects the growing convergence between AI, blockchain, and DePIN, as dedicated hardware solutions like AirMoney DEGN provide an avenue for decentralized data sourcing and validation, creating a new paradigm for AI solutions on Solana.

The post Synesis Foundation partners with AirMoney DEGN for DePIN-focused consumer hardware appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/5Mk1tFE

BITmarkets Releases End-Year Update Highlighting Key Crypto Game-Changers for 2024

Vilnius, Lithuania, September 26th, 2024, Chainwire

The BITmarkets crypto exchange has published its end-year update for its crypto study on the game-changers for crypto in 2024, entitled “Revisiting the Game-Changers for Crypto”.

Amongst the listed assets, which include cryptocurrencies and other digital assets with the potential to transform the crypto world as we know it, an emerging newcomer is Sui—a blockchain token that is gaining popularity and significance within the decentralized finance (DeFi) applications and technology.

“Sui’s continued innovations and strategic partnerships position it as a leader in the DeFi space. With its low transaction fees, high-speed performance, and growing ecosystem, Sui is set to further expand its influence in the blockchain sector,” commented Ali Daylami, Head of Data Analytics at BITmarkets, on why Sui deserved to be listed among this year’s game-changers, alongside Bitcoin ETFs, Ethereum, Solana and Cardano.

The list of crypto game-changers is part of the updated crypto market study. BITmarkets’ analysis recognizes Bitcoin’s historical significance as a pioneer in the cryptocurrency space, but the exchange does not expect it to be among the assets driving major market shifts in 2024.

About BITmarkets

BITmarkets is a cryptocurrency exchange that offers 24/7 support in 15 languages. Traders can engage in trading more than 200 cryptocurrencies, as well as gain access to daily market updates and diverse educational materials. For more information, explore bitmarkets.com or visit the exchange’s listing on CoinMarketCap.com.

Contacts:

support@bitmarkets.com

marketing@bitmarkets.com

BITmarkets Spot Trading Services are provided by UAB BITmarkets, which is an authorized virtual currency exchange and depository virtual currency wallet operator in Lithuania operating under license no: 306062346, supervised by the Financial Crime Investigation Service and acting under the trademark BITmarkets.

 

Contact

Ali Daylami
BITmarkets
support@bitmarkets.com

The post BITmarkets Releases End-Year Update Highlighting Key Crypto Game-Changers for 2024 appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/4i2BjtA

PayPal enables crypto buying and selling for US business accounts

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

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

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

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

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

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

Not available in New York state

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

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

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

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

The post PayPal enables crypto buying and selling for US business accounts appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/rwKjdY2

Solana (SOL) Hits Key Milestone, But Investors Are Quickly Diversifying To SUI & FXGuys, See Why

Solana (SOL) has just achieved a significant milestone, marking a crucial moment in its journey. Despite this achievement, the DeFi space is seeing a notable shift as investors increasingly move their attention and capital towards emerging projects like Sui (SUI) and FXGuys ($FXG).

Why are we witnessing this investor move? Stick around to discover.

Solana Surpasses 75 Million Active Addresses, SOL Gains 1.86% in Response

September 19, 2024, witnessed Solana mark a major milestone by surpassing 75 million active addresses, marking an all-time high for the network. This increase in activity highlights the growth of Solana’s ecosystem.

The blockchain has experienced remarkable growth in 2024, with the number of active addresses skyrocketing from 40 million in early 2023 to a staggering 75.2 million by mid-September.

How did Solana’s SOL respond to this development? Within 24 hours of the news, SOL rose from $131.54 to $133.99, registering a modest 1.86% swipe. Analysts are optimistic about Solana, though, as they predict that SOL will trade at $142.16 by the close of Q4 2024, marking a 6.10% upswing from $133.99.

Grayscale Introduces Bittensor and Sui Trusts: SUI Jumps 113%

Grayscale, a leading cryptocurrency asset management firm, unveiled its latest investment products on August 7, 2024: the Grayscale Bittensor Trust and the Grayscale Sui Trust.

These new offerings will allow qualified individual and institutional investors to gain exposure to Bittensor (TAO) and Sui Network (SUI) through dedicated single-asset funds.

In reaction, SUI posted a 113.11% surge by September 18 as its value rose from $0.61 to $1.30. Looking into the future, experts foresee a further rise in SUI, with its price skyrocketing to $4.59 by the end of 2024, signifying a 253.08% swipe from $1.30.

FXGuys Takes the DeFi World by Storm: Innovative Trading Starts Here

FXGuys is a decentralized finance (DeFi) platform set to transform the investment world with cutting-edge technology, improved security, and robust privacy features, which makes it an attractive choice for savvy investors. 

The best part is that FXGuys delivers exactly what traders want and need. As the first decentralized broker, FXGuys provides access to real trading capital and a wide range of assets, including crypto, equities, FX, indices, and commodities.

With its innovative Trader Development Ecosystem, FXGuys offers a custom-built platform packed with advanced analytics, social trading tools, and a unique prop firm funding program that allows talented traders to earn profits. 

The mission is clear: to empower traders everywhere by breaking down barriers to access and equipping them with the tools to succeed.

FXGuy’s journey began with a Seed Funding Round, where $FXG tokens were snapped up at just $0.010 per token. This turned out to be a hit among FXGuys’ email subscribers, selling out in just 24 hours. As $FXG moves towards its public presale launch at $0.10, investors can buy in now at just $0.03 per token.

$FXG Emerges as a Better Choice Compared to SOL and SUI!

While Solana has recently celebrated surpassing 75 million active addresses, with SOL experiencing a modest 1.86% price increase in response and Sui seeing a notable 113% surge following Grayscale’s trust announcement, $FXG offers a unique edge.

Unlike Solana and Sui, which are primarily focused on blockchain expansion and traditional asset management, $FXG is revolutionizing the decentralized finance (DeFi) sector with its innovative platform that prioritizes increased security, privacy, and user-friendly technology.

Visit FXGuys and view the platform

USE PROP10 FOR 10% BONUS

Join The $FXG Community

 

The post Solana (SOL) Hits Key Milestone, But Investors Are Quickly Diversifying To SUI & FXGuys, See Why appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/VKNvJxY

Telegram crypto bot Banana Gun confirms $3M loss, says it will refund users

• Banana Gun confirmed a $3 million loss from a hack targeting experienced traders.
• All affected users will receive full refunds without selling any tokens.
• The company has implemented enhanced security measures to prevent future attacks.

The Telegram-based cryptocurrency trading bot Banana Gun has confirmed a $3 million loss due to a hacking incident that targeted its experienced user base.

The attack, which exploited a vulnerability within its trading system, has prompted Banana Gun to take immediate action to protect its users and restore trust. The company announced that all affected users would receive full refunds, demonstrating its commitment to customer support and security.

Details of the Banana Gun hack

On September 19, users of Banana Gun reported unauthorized transactions draining funds from their crypto wallets. Initially, the investigation indicated that around 36 users were affected, leading to a loss of nearly $2 million in Ether (ETH).

However, further analysis revealed that the total loss was much higher, with only 11 users ultimately affected and a total of $3 million drained.

This discrepancy highlights the complexity of the incident and the challenges in assessing the full scope of the attack.

In response to these alarming reports, Banana Gun swiftly disabled its Ethereum Virtual Machine (EVM) and Solana trading bots to prevent further unauthorized transactions. The company emphasized that its trading bots are designed to facilitate automated trades, often utilized by crypto traders to enhance their profitability.

Unlike typical hackers who target inexperienced investors, the attackers specifically targeted seasoned traders, allowing them to manually transfer ETH while the trading bots were active.

The hack exploited a vulnerability in a Telegram message oracle, which has raised concerns about the security of such platforms. This incident serves as a reminder of the importance of robust security measures in the rapidly evolving world of cryptocurrency trading.

Following the identification of the vulnerability, Banana Gun implemented a series of measures to fortify its security protocols.

Banana Gun commits to refund users

In a public statement, Banana Gun has announced that all impacted users would receive full refunds from the company’s treasury.

The firm clarified that no tokens would be sold to finance these reimbursements, indicating a strong commitment to restoring user trust.

This move reflects the company’s understanding of the financial impact the incident has had on its users and its desire to maintain a loyal customer base in a highly competitive market.

The announcement of refunds is particularly significant given the increasing scrutiny and regulatory focus on the cryptocurrency sector. By proactively addressing the situation and compensating affected users, Banana Gun aims to distinguish itself as a responsible player in the market.

Enhanced security measures

In the wake of the hack, Banana Gun has instituted several enhanced security measures to prevent similar incidents in the future. These include a two-hour transfer delay for transactions, mandatory two-factor authentication (2FA) for transfers, and a comprehensive review of their systems.

By implementing these protocols, Banana Gun aims to bolster its defences and protect users from future threats.

The response to the hack also highlights a broader trend in the cryptocurrency space, where exchanges and trading platforms are increasingly prioritizing security as a means to protect users and enhance credibility.

As hackers continue to target vulnerabilities within the crypto ecosystem, firms like Banana Gun are recognizing the need for vigilance and proactive measures to safeguard their users’ investments.

The post Telegram crypto bot Banana Gun confirms $3M loss, says it will refund users appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/omZiaus

Bitcoin eyes $65k as Bitcoin Dogs rolls out new features for its game

Key takeaways

• Bitcoin could surge to $65k in the coming hours as bulls remain in control.
• Bitcoin Dogs has released some exciting updates ahead of its game release.

Bitcoin targets the $65,200 resistance level

The cryptocurrency market is having a positive start to the week, with Bitcoin currently in the green. Bitcoin is up 1% in the last 24 hours and is trading close to the $64k region at press time.

If the bullish momentum continues, Bitcoin could surge past the $65,200 resistance level in the coming hours. 

What is Bitcoin Dogs?

As the bulls regain market control, new projects continue to roll out new products and services. Bitcoin Dogs is one such project. 

Bitcoin Dogs is a new project that leverages the growth of the Bitcoin blockchain to become a leading coin. The development team revealed that Bitcoin Dogs is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. 

Bitcoin Dogs is currently working on incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

The project raised $13 million in its recently concluded presale and is already live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools. 

Bitcoin Dogs rolls out new features for its game

The Bitcoin Dogs team is working on rolling out its game. A few hours ago, the team announced that it had released some features for its game. New features include better characters, updated animations, and new-level designs.

Should you buy the Bitcoin Dogs token with this retracement?

Bitcoin Dogs’ $0DOG is underperforming despite Bitcoin and other leading cryptocurrencies recording positive performances. After reaching an all-time high of $0.01792 earlier this month, $0DOG has retraced and is now trading at $$0.009402.

Down 40% from its all-time high, this could be a good opportunity for investors to buy more Bitcoin Dogs tokens before the cryptocurrency resumes its upward movement. 

The team is already rolling out its products and services, including a blockchain-based game. These developments could push $0DOG’s price higher in the near to medium term. 

The post Bitcoin eyes $65k as Bitcoin Dogs rolls out new features for its game appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/8Al0eMi

Exodus donates $1.3 million to Stand With Crypto

• Exodus donates $1.3 million to Stand With Crypto to help mobilise crypto holders to vote in November.
• The Stand With Crypto advocacy group recently joined forces with a16z and OpenSea to launch a new creator legal fund.

Crypto wallet provider Exodus has announced it donated $1.3 million to Stand With Crypto, a bipartisan crypto advocacy group.

This brings the total amount in donations to the advocacy group to over $2.79 million.

According to an announcement on Sept. 24, Stand With Crypto will use these funds to promote community initiatives aimed at pushing more people to vote in the upcoming US election. The program targets more crypto holders, encouraging them to register and coming out to vote.

While voter mobilization is a major aspect, the broader goal is to push for clarity in crypto regulation in the country.The election of crypto-friendly legislators to Congress is one such step.

Stand With Crypto is also tracking crypto-related comments and plans by Donald Trump and – recently – Kamala Harris.

We've tracked 21 statements on crypto from @realDonaldTrump & he's rated Strongly Supportive.@VP Harris recently made a Somewhat Supportive statement & we've added it to our card.

Major candidates weighing in on crypto would've been unthinkable even recently. We're winning. pic.twitter.com/OQoqqylaia

— Stand With Crypto🛡️ (@standwithcrypto) September 23, 2024

Earlier this month, Stand With Crypto teamed up with a16z and NFT marketplace OpenSea to launch a creator defense fund.

The legal fund followed the SEC’s Wells Notice against OpenSea, a regulatory approach highly criticized for its overreach and for alleging that digital collectibles are securities.

Crypto donations to PACs

The cryptocurrency sector has also been massively active in the US election campaign donations. Coinbase, Ripple and Gemini are some of the big donors, with funds going to political action committees.

One of the super PACs to receive a staggering amount of campaign donations is Fairshake.

Recent data shows the PAC has over $177 in crypto donations- money that Fairshake is utilizing as it looks to help bring crypto-friendly lawmakers to Congress.

The post Exodus donates $1.3 million to Stand With Crypto appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/oL69YWI

The Open Art by Blum, TONX, & TON Society becomes largest event of Token2049 Week

• Over 60 partner projects and 35 global speakers gathered at the prestigious National Gallery Singapore for The Open Art
• Event drew a crowd of more than 11,280 attendees

The Open Art, hosted by Blum, TONX, and TON Society and co-hosted by CoinGecko, All At Once, TonBit, and Google Cloud, attracted over 11,280 registered attendees—the highest number of registered attendees during Token2049 Week in Singapore. Held on September 19 at the National Gallery Singapore, one of the most prestigious venues in the country, the event saw thousands of people gathered to explore the latest innovations shaping the TON ecosystem. 

The event underscored the growing influence of the TON ecosystem with over 60 partners from across Web3 collaborating to showcase its potential through live discussions, keynotes, and networking sessions. Recognized as a driving force for Web3 mass adoption, the TON ecosystem continues to push the boundaries of innovation despite the market’s volatility. 

Attendees were treated to an immersive experience featuring The Open Art-themed event design and merchandise. Every detail was meticulously crafted to reflect the values the TON ecosystem stands for—freedom of expression, creativity, and innovation. 

35+ Web3 Leaders Share Visionary Insights on the Future of the TON Ecosystem
The event began with the iconic TONX paper airplane ceremony led by Steve Yun, President of TON Foundation; Wego, Co-Founder of TONX; Gleb Kostarev, CEO of Blum; and Ekin Tuna, Co-Founder of TON Society. 

The main stage featured opening remarks from Gleb Kostarev, Co-Founder of Blum, followed by keynotes from Wego, Ekin Tuna, Leonard (Co-Founder of All At Once), Ian W. (Co-Founder of TON Ventures), and Eefy Lin (Web3 Solution Architect at Google Cloud). Paul Li, Co-Founder of TonBit, shared TON’s First CTF Challenge to the participants. 

One of the event’s highlights was a fireside chat between TM Lee, Co-Founder of CoinGecko, and Dr. Awesome Doge, Co-Founder of TONX, where they discussed the evolution and future of blockchain technology.

Another key panel was the discussion between the Co-Founders of Blum, Catizen, TONX, and TON Society on both the opportunities and challenges within the TON ecosystem and the broader Web3 space. Main stage talks concluded with a special presentation by Sam from Jambo Phone.

Side Stage Panels and Highlights
The side stage kicked off with “TON Security Unveiled,” a critical discussion on security in the TON ecosystem, featuring Norbert (Global Growth at Nubit) and Luis (Co-Founder of TonBit), moderated by Maeveknows (Co-Founder of Pukecast). 

Following this was a fireside chat between Jakob Palmstierna (President & CBO of GSR) and Suji Yan (Co-Founder of Mask Network) was moderated by Andi (Growth Lead of BlockMedia).

The program continued with a keynote by Lemon (Co-Founder of UTonic). Following this was the DeFi panel, “Harnessing the Power of DeFi on TON,” which brought together Ping Chen (Core Contributor at BeaverLand), Joshua (Head of Growth & Partnerships at Tradoor), Pang Xue Kai (Founder & CEO of ForU AI), and Keer Lau (CSO of Orbiter Finance). The panel speakers discussed how DeFi is being leveraged within the TON ecosystem.

The Open Art Interactive and VIP Experiences
The Open Art offered attendees a variety of interactive experiences. Booths from participating partners showcased their projects and gave exciting surprises to attendees. The Open Art VIP attendees enjoyed exclusive fast-pass access, allowing them to skip the lines and engage directly with the Web3 community. VIP attendees also received limited-edition wearable art and tote bags inspired by the event’s theme of freedom of expression. 

Beyond the booths, the attendees enjoyed The Open Art’s dedicated game area where there were games such as an air hockey table and table football. Light snacks and beverages were also available throughout the event, allowing attendees to recharge in a casual setting.

The Open Art Event Sponsors and Partners
The Open Art was made possible by the generous support of its partners. The event was hosted by Blum, TONX, and TON Society, with CoinGecko, All At Once, TonBit, and Google Cloud as co-hosts.

The Gold Sponsors for the event included Catizen, Nubit, IoTeX, The Open Forest, CloudMile, ForuAI, OpenTorch, Tradoor, GGI, and UTonic. The Silver Sponsors were GSR, Yuliverse, Televerse, Beaverland, Orbiter Finance, Duckchain, Duckcoop, PrivateAI, TON Polling, Bitget Wallet, and Miss W. 

Key partnerships also included MPost as the Strategic Partner, MVL/TADA as the Trip Partner, and Jambo as the Phone Partner. The VC Partners for The Open Art were SNZ, Summer Ventures, TON Ventures, EVG, DFG, and JSquare.

The Open Art ID Treasure Hunt by Blum and TONX
The Open Art featured the exciting The Open Art ID Treasure Hunt (TOA ID), hosted by Blum and TONX. Participants get a chance to win up to 10,000 USDT by minting a TOA ID, creating a Blum account, and completing at least one quest from any of the 12 participating projects.

Participating projects include: Blum, WONTON, All At Once, Yuliverse, QuackQuack, Tradoor, Beaverland, MVL Chain, JamboPhone, ForU AI, Ton AI, and DUCKS.

The Open Art by Blum, TONX, and TON Society, has cemented its place as a defining event of Token2049 Week, bringing together over 11,000 registered attendees, 60+ partners, and 35+ industry leaders to share visionary insights on the future of the growing TON ecosystem. 

About The Open Art
​​The Open Art, hosted by Blum, TONX, and TON Society during Token2049, is an event where attendees get to immerse in a night where innovation meets freedom of expression. ​Set within the prestigious National Gallery Singapore, attendees will have the opportunity to engage in live discussions and gain exclusive insights into Blum, TONX, and TON Society initiatives.

Event Page

About TONX

TONX is the cornerstone that empowers builders to scale applications with Telegram and TON. As the pioneering partner of TON, TONX offers an open platform that connects developers, investors, and users to shape the new economy. Their acclaimed TON Hacker House in 2024 fueled a wave of innovative Web3 projects. TONX API, a key product of TONX, is the driving force behind the 950 million-user Web3 SuperApp ecosystem.

Website | X | Telegram | TONX Event X | TONX Event Telegram | TONX blog | Build on TONX API

About Blum
Blum is a decentralized exchange on Telegram and beyond, offering access to tokens from centralized and decentralized exchanges, along with simplified derivatives trading—all within one app. Specializing in trading memecoins and new tokens, Blum features a unique memepad for launching new meme-based projects and incorporates gamified mechanics to enhance user engagement. Just like a flower in bloom, Blum represents the potential and beauty in the world of crypto.

​Telegram | X | Instagram | Youtube

About TON Society
TON Society is a grassroots global movement supporting the TON community with growth systems and events. It creates local activists and engaged communities dedicated to using blockchain technology as a positive force for change. Operating across nine hubs in regions including CIS, Asia, Europe, SEA, and the Middle East, TON Society hosts up to 16 online and offline events monthly. TON Society Hong Kong is the only official Chinese-speaking community within the TON ecosystem, providing users with the fastest way to explore and engage with TON by connecting builders and enthusiasts.

​TON Society X | TON Society Hong Kong X

About CoinGecko
CoinGecko is the world’s largest independent cryptocurrency data aggregator, tracking 14,000+ crypto assets across 1,000+ exchanges globally. It provides a comprehensive 360-degree view of the market and empowers users with actionable insights.

Website | X

About ​All At Once
All At Once is a next-gen Triple-A game on TON, inspired by Clash Royale. With over 600K players in one month and 50K+ daily active users, All At Once delivers an immersive and rewarding experience. As a Top 14 Finalist in the “TON Hackathon: Code Summer” at ABS 2024, it promises endless value beyond traditional card games.

Website | Join Game | X

About TonBit
TonBit is an early builder and security expert in the TON ecosystem. Supported by TONX, it is dedicated to providing security audits for TON ecosystem. TonBit is a sub-brand of BitsLab.

Website | Get the TON Security Report 2024 | X

 

The post The Open Art by Blum, TONX, & TON Society becomes largest event of Token2049 Week appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/iINKGym

Bitwise CIO: More financial advisors are “allocating to crypto”

• Only 10% to 20% of financial advisors admitted to owning crypto in their portfolios
• Now, roughly, 70% indicated they did
• The approval of Bitcoin ETFs and the Fed’s rate cut are bullish signals that may have changed that

In a client memo, Bitwise’s CIO said that a “wave of the most powerful people in finance are finally allocating to crypto.”

Matt Hougan was reflecting on a keynote speech he’d given at the Barron’s Advisor 100 Summit, where the top financial advisors in the US meet, in Palm Beach, Florida.

Despite Hougan having spoken at the event twice before, he states this was the first time he’d taken to the main stage thanks to the approval of Bitcoin exchange-traded funds (ETFs) earlier this year.

To better understand his audience, Hougan asked them to raise their hands if they owned Bitcoin or another crypto asset in their portfolio. At the last two events, Hougan states that around 10% to 20% of the people in the room raised their hands.

“This year, nearly every hand in the room went up,” he wrote. “I don’t have an exact count, but I’d estimate at least 70% of the advisors in the room raised their hands.”

Following this, he asked if any of them had Bitcoin in client portfolios, with very few raising their hands. According to Hougan, this is expected as many advisors work for broker-dealers that don’t “allow them to buy Bitcoin ETFs yet.”

In Hougan’s opinion, financial advisors always allocate first in their portfolios and “client allocations typically follow six to 12 months later.”

Bullish trends

A change in how financial advisors view crypto can be pointed to several factors, according to Hougan.

These include the US Federal Reserve’s decision to cut interest rates by 50 basis points, spot Bitcoin ETFs being approved by Morgan Stanley, and the US Securities and Exchange Commission’s (SEC) options approval of Blackrock’s Bitcoin ETF.

However, despite bullish trends, Hougan argues that the “show of hands in Palm Beach was one of the most powerful signs of the times.”

“A wave of the most powerful people in finance are finally allocating to crypto,” he said. “When it spreads from them to their clients, things could get interesting quickly.”

Productive year

Hougan’s memo comes after a busy year for Bitwise. Following the approval of Bitcoin ETFs, Bitwise and VanEck promised to donate 10% of their profits to Bitcoin’s development.

In March, the asset management company, filed an S-1 form with the SEC, applying for an Ethereum ETF, which was approved in July.

In June, Hougan stated that Ethereum ETFs would attract $15 billion in net flows in their first 18 months. With so many moving pieces this year, aiming to help advance the crypto space, it’s no wonder an increasing number of financial advisors admitted to owning crypto.

The post Bitwise CIO: More financial advisors are “allocating to crypto” appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/S1l2A4s

Kraken completes acquisition of Dutch crypto exchange BCM

• Kraken has closed the acquisition of Dutch cryptocurrency exchange Coin Meester B.V.
• The exchange has been expanding its services across EU ahead of MiCA regulation.

Crypto exchange Kraken has completed the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto broker.

BCM has regulatory approval as a registered virtual asset service provider in France and Poland.

This footprint in the Netherlands allows Kraken to offer its services in France and Poland. According to an announcement, the acquisition of BCM will help strengthen Kraken’s efforts to expand its services across Europe.

“The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share in the years ahead,” Brian Gahan, Kraken’s managing director of Europe, noted in a statement.

Kraken will begin to extend its products to BCM clients in coming months. This will include access to over 200 cryptocurrencies. Users will also benefit from the liquidity, security and customer support available to Kraken’s users.

Kraken’s EU expansion

This deal follows Kraken’s expansion efforts across Europe as the industry eyes compliance with the European Union’s Markets in Crypto-Assets (MiCA) law.

Currently, Kraken provides VASP services either directly or through different partnerships across the EU. Countries where the exchange offers its services include Germany, Spain, Italy, the Netherlands and France. The crypto exchange also now offers its services in Ireland and Poland.

In Belgium, Kraken operates through its VASP platform in Ireland.

The post Kraken completes acquisition of Dutch crypto exchange BCM appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/B69GzZf

Harris Delivers Crypto-Positive Remarks, Says She’ll Invest in “America’s Future”

• Vice President Harris reveals her stance toward AI and digital assets at a New York fundraiser
• Harris wants to help boost investment in AI and crypto
• Jake Chervinsky, chief legal officer at Variant, said Harris’s remarks showed “progress”

US Vice President and Democratic presidential nominee Kamala Harris has spoken about crypto during a New York fundraiser on Sunday.

In comments made during her US presidential campaign Harris promised that, if elected, she would help grow investment in artificial intelligence and crypto, Bloomberg reported.

“I will bring together labor, small business founders and innovators and major companies,” Harris said. “We will partner together to invest in America’s competitiveness, to invest in America’s future.”

“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”

Harris’s comments come as presidential rival Donald Trump has become increasingly vocal in supporting the crypto industry.

Earlier this month, Trump – who said he wants to make America the “crypto capital of the planet” – became the first US president to use the Bitcoin network after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island.

Poor support

Since President Joe Biden announced he was stepping down from his role as POTUS, the crypto industry has been questioning the approach Harris will take. Many have viewed Biden as being unfriendly to the space.

In June, Biden vetoed a bill overturning the US Securities and Exchange Commission’s (SEC) crypto accounting standards. In a White House statement, Biden argued that a reversal of the decision could undermine broader regulatory efforts aimed at protecting consumers and investors.

Following Harris’s crypto-positive remarks, Jake Chervinsky, chief legal officer at Variant, a crypto venture company, said on X, “This is progress and progress is good.”

This is progress and progress is good…

…but “while protecting our consumers and investors” could mean a lot of things.

The anti-crypto army uses “consumer protection” as a smoke screen to conceal their attempts to destroy our industry.

I, for one, want to see policy details. https://t.co/Zc1aUdOYzl

— Jake Chervinsky (@jchervinsky) September 22, 2024

However, he added that “but ‘while protecting our consumers and investors’ could mean a lot of things. The anti-crypto army uses ‘consumer protection’ as a smoke screen to conceal their attempts to destroy our industry.”

The post Harris Delivers Crypto-Positive Remarks, Says She’ll Invest in “America’s Future” appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/7nCaq3A

Travala integrates Solana, enabling bookings via SOL, USDT, and USDC

• Travala has integrated Solana, allowing hotel and flight bookings via SOL, USDT, and USDC.
• Travala users will enjoy zero-fee transactions and direct deposits/withdrawals for supported tokens.
• Travala plans to introduce SOL travel rewards to enhance user experience in crypto travel bookings.

Travala, a pioneering cryptocurrency-based travel agency, has taken a significant leap forward by integrating the Solana blockchain into its platform.

This groundbreaking partnership was announced by Travala CEO Juan Otero during the Solana Breakpoint conference in Singapore on September 21.

CEO @joterovila announced @travalacom support for Solana at Breakpoint!

Now you can pay for and book flights and accommodations using stablecoins like USDC and USDT on Solana rails with Travala. pic.twitter.com/TedqElKNVC

— Solana (@solana) September 21, 2024

The announcement has been met with enthusiasm from the crypto community, as many see it as a step toward a more integrated and user-friendly travel experience.

Travala users can book flights and hotels using Solana native tokens

The integration opens up new possibilities for travelers, allowing them to book hotels and flights using Solana’s native token, SOL, and major stablecoins like Tether (USDT) and USD Coin (USDC).

The integration of Solana marks a strategic move for Travala, which has long been at the forefront of accepting cryptocurrency payments in the travel sector. With this enhancement, users can now enjoy zero-fee transactions when booking travel services.

Additionally, Travala enables direct deposits and withdrawals of the supported tokens, streamlining the booking process and making it more efficient for crypto enthusiasts.

Solana, known for its high-speed transactions and lower fees compared to its competitor Ethereum, provides a robust infrastructure for decentralized applications and smart contracts. This integration aligns well with Travala’s commitment to enhancing user experience and leveraging blockchain technology for seamless transactions.

Plans to introduce SOL travel rewards

The growing popularity of Solana as a layer-1 blockchain further underscores its potential in the crypto landscape.

In the near future, Travala plans to introduce SOL travel rewards, adding an extra incentive for users to utilize cryptocurrency for their travel bookings.

Moreover, this development coincides with Coinbase’s announcement to bring its wrapped Bitcoin asset, cbBTC, to the Solana network, further solidifying Solana’s role in the evolving cryptocurrency ecosystem.

As more companies embrace blockchain technology, the intersection of travel and crypto promises to unlock exciting opportunities for travelers and investors alike.

The post Travala integrates Solana, enabling bookings via SOL, USDT, and USDC appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/Dabd5Jr

From players to stakeholders: the growing trend of community tokenization in gaming

• Community tokenization in gaming transforms players into stakeholders, enhancing engagement.
• Catizen is one of the standout examples of community tokenization in the gaming space.
• Catizen has achieved a 6-8% token holder conversion through strategic airdrop campaigns.

The gaming industry is undergoing a profound transformation, driven by the rise of blockchain technology and the concept of community tokenization. This shift is turning players from mere participants into stakeholders, giving them ownership and governance rights in gaming ecosystems. 

The concept of community tokenization, particularly in gaming, is gaining popularity because of the multiple benefits it offers. Projects that adopt this model create more inclusive communities where players have a financial and emotional investment in the platform’s success. 

One of the standout examples of this trend is Catizen, which has successfully transitioned a portion of its player base into token holders, showcasing the ease and benefits of this process.

Introduction to tokenization of communities

Community tokenization involves issuing digital tokens that grant members ownership rights within a platform. 

In gaming, this concept is becoming increasingly common because it aligns the interests of players and developers, fostering a sense of shared ownership. Token holders gain access to exclusive perks, voting rights in governance decisions, and the ability to trade or stake their tokens for additional benefits. 

This decentralized model is advantageous for both the community and the project itself.

For gaming platforms, tokenization creates a powerful engagement tool. Players, who were once passive participants, now have a stake in the platform’s growth and success. This democratization of ownership not only encourages loyalty but also adds economic opportunities for participants. 

Token holders can benefit from the platform’s growth while gaining the ability to shape its direction. This shift in dynamics makes community tokenization an appealing option for both developers and players.

Catizen’s conversion model (6-8% success rate)

Catizen, a play-to-earn (P2E) game integrated within Telegram’s mini-app ecosystem, is a stellar example of how a gaming community can transition into a tokenized ecosystem. 

Launched in 2024 by Pluto Studio, the game allows players to manage virtual cat cafés and earn in-game currency known as vKitty.

By engaging players through unique gameplay mechanics and offering them a chance to own tokens, Catizen has managed to convert 6-8% of its player base into token holders.

Catizen’s success in achieving this conversion rate was driven by strategic efforts. The platform employed a well-publicized airdrop campaign that rewarded loyal players with CATI tokens based on their performance in the game. This airdrop acted as both an incentive and a marketing strategy, creating excitement around the token launch. 

Additionally, Catizen granted token holders benefits such as reduced trading fees, governance participation, and early access to game updates, which encouraged more players to acquire tokens.

The game’s transparency around token distribution and the promise of long-term benefits for players who held onto their tokens further reinforced the platform’s community-driven approach.

Why community tokenization might be easier than it seems

The tokenization of gaming communities may sound complex, but Catizen’s experience shows that the process can be simpler than anticipated. 

One of the reasons behind this ease is the existing loyalty within gaming communities. Many players already feel a deep connection to the games they play, and offering them the chance to own a stake in the platform naturally resonates with their sense of commitment.

Ownership also has a strong appeal for players. The idea of transitioning from a player to a stakeholder gives users a personal and financial reason to stay engaged with the game. Moreover, games like Catizen, which already have in-game economies, make the shift to tokenization seamless. 

By simply converting virtual currencies into blockchain-based tokens, the platform allows players to engage in an ecosystem they’re already familiar with while giving them the additional benefits of token ownership. This alignment between the game’s success and the player’s interests creates an environment where community tokenization feels like a natural progression.

Other examples of gaming communities converting to token holders

Catizen is not alone in its success. Other gaming platforms, such as Axie Infinity and The Sandbox, have also embraced the trend of community tokenization with great results. 

Axie Infinity, a pioneering play-to-earn game, has created an entire ecosystem where players earn real income through gameplay. Its tokens, AXS and SLP, allow players to stake, vote, and participate in governance, turning casual gamers into full-time participants.

The Sandbox, another popular platform, leverages its native token SAND to incentivize creators and players alike. By allowing users to buy virtual land, create content, and monetize their creations, The Sandbox has built a thriving digital economy driven by community engagement. 

Similarly, Decentraland empowers its users to purchase virtual real estate and vote on platform decisions, using its MANA token as both a currency and a governance tool.

These examples highlight the broad potential of tokenization across various gaming platforms. Each of these games has successfully converted large portions of their communities into token holders by providing tangible rewards, governance rights, and opportunities to earn through play.

The challenges of community tokenization in gaming

While tokenizing a gaming community offers numerous benefits, it is not without challenges. One of the primary obstacles is the regulatory uncertainty surrounding cryptocurrencies and tokenized economies. 

Many regions lack clear guidelines, which can lead to legal complexities for both developers and players. This can be mitigated by ensuring compliance with local regulations and consulting legal experts during the process.

Another challenge is the technological barrier that some users may face. Not all players are familiar with blockchain technology, and the idea of using cryptocurrency might be intimidating for new users. 

However, platforms like Catizen are making this transition easier by integrating blockchain features without overwhelming the user. Simplified user interfaces and clear educational resources can help onboard users and demystify the technology behind tokenization.

User hesitation is also a common challenge, as some players may be wary of token speculation or concerned about the fairness of token distribution. This can be addressed by maintaining transparency throughout the process, as Catizen did with its airdrop campaign. Offering benefits beyond financial rewards, such as governance rights, also helps create a sense of value for token holders that goes beyond mere speculation.

Conclusion: the future of tokenized communities

The tokenization of gaming communities represents a significant shift in how players interact with the platforms they love. 

As seen with Catizen, Axie Infinity, and The Sandbox, the process of converting players into stakeholders through token ownership is both feasible and rewarding. This model aligns the interests of players and developers, fostering stronger communities and creating sustainable ecosystems where participants have a vested interest in the game’s success.

Looking ahead, the trend of community tokenization is likely to expand beyond gaming, potentially influencing other sectors of the online world. The future may see more decentralized governance models, deeper integration with real-world economies, and greater opportunities for users to participate in the growth of their favourite platforms.

Catizen’s success offers a blueprint for other communities to follow, proving that with the right strategies, any gaming platform can transform its players into engaged and invested stakeholders.

The post From players to stakeholders: the growing trend of community tokenization in gaming appeared first on CoinJournal.

from CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/oHdNTyJ