Category Archives: Cryptocurrency
Cryptocurrency Market Rebounds Amid Potential Pause in Fed Rate … – Investing.com
The cryptocurrency market has made a solid recovery this year, demonstrating resilience despite historically being one of the worst-performing months for markets. This rebound comes after a lackluster performance in 2022 and amid multiple macroeconomic factors, including uncertainty over the Federal Reserve's future course of action regarding its monetary tightening campaign.
Earlier this week, the Wall Street Journal reported that Federal Reserve officials are considering whether further rate hikes are necessary this year, given the sharp decline in inflation over the past 12 months. The Fed had embarked on an aggressive interest rate hike campaign last year to combat multi-decade high inflation, raising rates by 525 basis points since March 2022. This took its benchmark interest rate to the range of 5.25-5.5%. As a result, inflation fell to more than half from its peak of 9.1% in June 2022.
The news of a potential pause in rate hikes has sparked optimism among investors, leading to a surge in cryptocurrency prices. On Tuesday, Bitcoin price surpassed the psychological level of $26,000 once again, while Ethereum was trading at $1,615.4551.
Historically, Bitcoin prices have shown a significant correlation with the performance of the tech-heavy Nasdaq 100 stock index. Both tech stocks and cryptocurrencies are considered relatively risky assets, leading investors to respond similarly based on prevailing market conditions. Therefore, a halt in rate hikes could bode well for the cryptocurrency market in the near term.
Several companies have been impacted by these developments in the cryptocurrency market. NVIDIA Corporation (NASDAQ:NASDAQ:NVDA), a major player in the semiconductor industry and a leading designer of graphic processing units (GPUs), has seen its stock value surge due to its crucial role in data centers, artificial intelligence, and cryptocurrency mining.
Robinhood (NASDAQ:HOOD) Markets, Inc. (NASDAQ:HOOD), which operates a financial services platform allowing users to invest in cryptocurrencies, and HIVE Blockchain Technologies (NASDAQ:HIVE) Ltd., a cryptocurrency mining firm, have also seen growth in their shares over the past three months. Meanwhile, Visa Inc . (NYSE:NYSE:V) is making strides towards modernizing cross-border money movement by expanding its stablecoin settlement capabilities to the Solana blockchain, aiming to enhance global transaction efficiency.
These developments indicate a potential shift in investor sentiment towards cryptocurrencies as the Federal Reserve reevaluates its monetary policy approach. However, the future of the cryptocurrency market remains uncertain and will largely depend on how macroeconomic factors and regulatory decisions unfold.
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Cryptocurrency Market Rebounds Amid Potential Pause in Fed Rate ... - Investing.com
Report Claims Ethereum is the Least-popular Cryptocurrency in … – Captain Altcoin
Home Journal Report Claims Ethereum is the Least-popular Cryptocurrency in 2023, While This New Bitcoin Fork is Trending
Ethereum (ETH) was once the premier smart contract platform, and it has encountered hurdles on its journey. Meanwhile, Bitcoin Spark (BTCS), a new Bitcoin Fork, is moving to the top. Lets explore Ethereums chances of being a good investment option, contemplate ETHs price predictions, and uncover details about the prominence of Bitcoin Spark in 2023.
Ethereum introduced the integration of Smart contracts and decentralized applications (Dapps). In no time, it became the go-to platform for developers and crypto enthusiasts eager to explore the blockchain space. Ethereums path has not been smooth, primarily because of scalability and high transaction charges.
Congestion on the network resulted in excessive transaction charges (gas fees), making it ineffective for regular use and prompting developers to explore alternatives. Ethereum 2.0, a much-anticipated upgrade that promises to address these shortcomings, could be the solution.
Despite its difficulties, Ethereum is a blockchain pioneer with a thriving development community and a diverse DApp ecosystem. Because of market volatility and upgrade uncertainty, Ethereum, like all cryptocurrencies, bears risks. Diversify your portfolio and conduct extensive research.
Predicting Ethereums future price is complex due to market volatility.
A range of $1,594.93 to $1,809.82 is expected, with a potential ROI of 11.3%.
A range of $1,672.73 to $1,820.45 is expected, with a 12% ROI.
The estimated range is $1,763.30 to $1,834.04, with a possible ROI of 12.8%.
An average of $1,823.28 is expected, with a potential ROI of 13.7%.
These predictions are based on analysis and are not a means to decide to invest in Ethereum.
Bitcoin Spark (BTCS): The Emerging Contender
Bitcoin Spark utilizes the Proof-of-Process (PoP) consensus method, a novel solution designed to address scalability and problems confronting many cryptocurrencies, including Bitcoin.
To understand why Bitcoin Spark is surging and gaining traction as a viable Ethereum competitor, lets look at some key features of both platforms:
Ethereum pioneered smart contracts and DApps, while Bitcoin Spark focuses on improving Bitcoin through the PoP consensus.
Ethereums ecosystem is mature, but Bitcoin Spark is emerging with innovative solutions to problems.
Bitcoin Spark seeks to address Ethereums scalability and transaction fee issues.
With its PoP consensus and scalability solutions, Bitcoin Spark emerges as a compelling option. Bitcoin Spark is likely to surpass Ethereum before the end of 2025 if it checks everything off its roadmap list for the year.
To get updated on Bitcoin Sparks innovative approaches:
Website | Buy BTCS
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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Report Claims Ethereum is the Least-popular Cryptocurrency in ... - Captain Altcoin
Shiba Memu: Why new meme cryptocurrency has won the hearts of … – CoinJournal
Shiba Memus presale has raised over $2.85 million in its presale on solid demand.
The price of the tokens in presale increases every day at 6 PM GMT
Shiba Memu could rise 50x, reinforced by its popularity and meme token trends
Buying meme cryptocurrencies might not be the right decision as crypto winter rages on. Leading meme names like Dogecoin and Shiba Inu continue to suffer in a bottomless drop. The bear market situation prompts investors to seek alternative tokens with the potential to explode. The entry of Shiba Memu (SHMU) into the scene has generated enthusiasm for meme investment. Since the presale started, investors have bought over $2.85 million of the tokens. To buy the token, investors can visit the projectswebsite.
Investment in Shiba Memu is partly attributed to its potential sustainability. It is the worlds first meme project to apply artificial intelligence. The AI generates hype, which puts Shiba Memu in the limelight.
Unlike its meme peers, Shiba Memu will market itself on online forums, generating hype for itself. As you may be aware, meme cryptocurrencies prices are moved by online publicity. The self-marketing concept allows Shiba Memu to be a potential big price mover. This capability puts Shiba Memu ahead of rivals, which rely on humans to gain and maintain relevance.
Investors could also be looking at the price potential of Shiba Memu. Early birds in presale have already tasted the price potential with Shiba Memus tokenomics. At the onset of the presale, the token was valued at $0.011125 but now goes for $0.027325. The price increases every day at 6 PM GMT in the presale
Alongside the price increases at presale, the potential for Shiba Memu is enormous, given its market space. In the past, meme cryptocurrencies have exploded in value after listing. Shiba Memu looks at a similar potential, given the love meme tokens attract in the sector. As the bear crypto sector lingers on, investors could look at Shiba Memu as the fresh kid in the market. This could inspire a rally for the token.
Shiba Memus social features could also attract investors. The project features an AI dashboard where users can build meaningful conversations with the robot. They can ask the AI questions, share suggestions, and learn new things in creative advertising.
Predicting the exact increases in the value of Shiba Memu could be subjective. However, projections can be made based on the tokens demand. The potential is indicated by the increasing number of investors buying the token.
While launching tokens have risen by up to 10x, Shiba Memu can surprise the markets. Analysts have earmarked up to 50 times increase, reflecting past price surges in meme cryptocurrencies.
Also, the tokens value could be unlocked from novel use cases. The Shiba Memu pool will let users earn fees by generating liquidity through a decentralised exchange. Similarly, the tokens can be staked in a smart contract or staking pol for additional rewards.
In the future, Shiba Memu could be unstoppable. AI can find use cases in diverse areas, benefiting Shiba Memu. This means the tokens value could overcome the frequent dumps that face meme cryptocurrencies.
Shiba Memus roadmap provides for the token listing in Q3 2024. After listing, the token could witness increased buying, allowing it to explode in value. However, prudential investment involves buying an asset when the price is low.
Investing in Shiba Memus presale makes sense, as the tokens price is still low. By the time the tokens price starts to rise, presale investors will reap the benefits. Also, investing now is advantageous as investors get tokens worth more when the presale ends.
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Shiba Memu: Why new meme cryptocurrency has won the hearts of ... - CoinJournal
Sam Bankman-Fried’s dad helped market FTX’s in-house cryptocurrency and became a key legal advisor, report says – Business Insider Africa
These occurrences have garnered him more attention, but Bankman also appears to have been more closely involved with FTX operations than was previously known.
This largely began when he made a cameo in FTX's Super Bowl ad with Larry David, dressed as a founding father in a powdered wig. Bankman became an employee at his son's company shortly afterwards, per Bloomberg.
Former staff from Alameda, FTX's sister hedge-fund, told Bloomberg that Bankman also helped draft early legal documents.
And invoices from the company's law firm list him as an attendee in meetings, showing he he was also involved in developing marketing materials for the crypto exchange's own currency, FTT, Bloomberg reported.
That's especially interesting because FTT played a major role in the crypto exchange's collapse. When CoinDesk reported on a leaked balance sheet last November, it showed that much of Alameda's $14.6 billion of assets were actually made up of the crypto invented by FTX.
Nine days later after customers rushed to withdraw their deposits and the company couldn't cover demand, partially due to FTX executives' lavish spending it filed for bankruptcy.
One former staffer also told Bloomberg that Bankman-Fried appeared to frequently consult his father. When there was any legal suggestion from an employee, SBF would say he needed to "call Joe" first, the person said.
Bankman did not immediately respond to Insider's request for comment, sent outside US working hours.
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Sam Bankman-Fried's dad helped market FTX's in-house cryptocurrency and became a key legal advisor, report says - Business Insider Africa
Ganesh Godase, the Visionary CEO Leading the Charge in Cryptocurrency Innovation, Promotes Responsible Investing – Devdiscourse
NewsVoir New Delhi [India], September 15: In an era characterised by rapid technological advancements and a growing interest in the digital frontier, it is imperative to distinguish the leaders from the noise. One such leader is Ganesh Godase, the esteemed CEO of Fibit Pro Exchange, a trailblazing enterprise actively shaping the landscape of Web 3.0 and cryptocurrency environments.
Fibit Pro Exchange has consistently demonstrated its commitment to innovation and excellence in the realm of digital assets. Under the leadership of Ganesh Godase, the company has developed and operated a suite of cutting-edge products that have not only captured the imagination of industry insiders but have also garnered the trust of over 200,000 users on its cryptocurrency exchange. Ganesh Godase is more than just a CEO; he is a symbol of trust in blockchain technology. With a passion for fostering innovation and supporting budding startups in the blockchain space, Godase has played a pivotal role in the success of over 20 startups. His mentorship and investments have propelled these startups towards greatness, firmly establishing him as a luminary in the industry.
FIBIT COIN, affiliated with Godase's Fibit Pro Exchange, serves as a user-friendly entry and exit point for cryptocurrency markets with fiat deposit and withdrawal capabilities. It is the ideal choice for e-commerce transactions and will play a pivotal role in the future of crypto finance. Boasting lightning-fast processing, FIBIT COIN can handle over 8 million orders per second, making it one of the fastest exchanges globally. FIBIT COIN goes beyond the ordinary by supporting major fiat deposits and withdrawals, distinguishing itself from competitors. The platform also offers a generous referral program with a 50% reduction in trading fees for referrers, incentivising rapid user growth. Additionally, their merchant payment gateway simplifies cryptocurrency transactions by eliminating intermediaries and encouraging everyday use.
In an age where information can be easily manipulated, trust is paramount. Godase's consistent track record of success and dedication to innovation reinforces his credibility as a trustworthy figure in the blockchain and cryptocurrency domains. In addition to his professional achievements, Ganesh Godase is a staunch advocate for responsible investing in the world of cryptocurrency. He is deeply concerned about the prevalence of scams and fraudulent activities that tarnish the reputation of the digital asset industry. Godase urges investors to exercise caution and due diligence when exploring new investment opportunities.
"I have seen firsthand the devastating impact that scams can have on individuals and their financial well-being. It is my mission to educate and empower individuals to make informed decisions in the cryptocurrency space. By staying vigilant and informed, we can collectively create a safer and more transparent ecosystem for all," said Ganesh Godase, CEO, Fibit Exchange. Ganesh Godase's commitment to raising awareness about responsible investing aligns perfectly with his vision for a more secure and prosperous future in the digital asset arena. His advice and guidance serve as a beacon of hope for those navigating the complex world of cryptocurrency.
Ganesh Godase, the CEO of Fibit Pro Exchange, is not just a leader; he is a mentor and a symbol of trust in the blockchain and cryptocurrency industry. Through his dedication to innovation, resilience, and advocacy for responsible investing, he continues to inspire confidence and shape the future of digital assets. As we look ahead to the ever-evolving landscape of Web 3.0 and cryptocurrency, Ganesh Godase stands tall as a beacon of integrity and innovation. (Disclaimer: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
North Korean APT group Konni targets the cryptocurrency industry … – Cryptopolitan
Description
North Korean APT (Advanced Persistent Threat) group Konni exploits a recently disclosed WinRAR vulnerability to launch its first attack on the cryptocurrency sector. A new vector of attack North Korean APT group Konni has made headlines by exploiting a recently disclosed WinRAR vulnerability (CVE-2023-38831) to target the cryptocurrency industry, according to a Chinese security firm Read more
North Korean APT (Advanced Persistent Threat) group Konni exploits a recently disclosed WinRAR vulnerability to launch its first attack on the cryptocurrency sector.
North Korean APT group Konni has made headlines by exploiting a recently disclosed WinRAR vulnerability (CVE-2023-38831) to target the cryptocurrency industry, according to a Chinese security firm Chuangyu 404 Lab. This move represents a deviation from their targets, primarily in South Korea, and the first instance of an APT group leveraging this particular vulnerability for an attack.
In a statement on Seeburg, the group used a malicious payload disguised as a wallet screenshot, specifically targeting the cryptocurrency sector. The payload was named wallet_Screenshot_2023_09_06_Qbao_Network.zip, hinting at Qbao Network, a smart cryptocurrency wallet service. This deviation from their usual targets suggests that Konni may be diversifying its attack vectors.
The vulnerability in question, CVE-2023-38831, allows for the execution of a malicious payload when the victim clicks a specially crafted HTML file within a compressed archive. Also, the payload then runs a series of commands to determine the system architecture and downloads additional payloads from a remote server.
The malware employed by Konni was sophisticated enough to detect the systems architecture and adapt its tactics accordingly. It used different User Account Control (UAC) bypass techniques based on the systems specifications, making it a highly adaptable threat.
Until now, North Korean attacks on the cryptocurrency industry were primarily attributed to the Lazarus Group. The entry of Konni into this space indicates a broader strategy by North Korean hackers to target cryptocurrency exchanges and financial platforms.
This development is particularly concerning given recent incidents involving other cryptocurrency platforms like Stake and CoinEx. The attack also raises questions about the preparedness of the cryptocurrency industry to fend off sophisticated threats, especially those that exploit newly disclosed vulnerabilities.
The attack by Konni serves as a wake-up call for both the cybersecurity and cryptocurrency communities. With the exploitation of a new vulnerability and a shift in target industries, Konni has demonstrated the evolving nature of APT threats. Organizations, especially those in the cryptocurrency sector, need to be vigilant and proactive in updating their security measures to defend against these advanced and ever-changing threats.
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North Korean APT group Konni targets the cryptocurrency industry ... - Cryptopolitan
Cryptocurrency Price Today: Bitcoin Remains Above $26,000, Axie Infinity Becomes Biggest Gainer – ABP Live
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $26,000 mark early Friday. Popular altcoins including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) landed in the greens across the board. Axie Infinity (AXS) went on to become the biggest gainer, with a 24-hour jump of over 11 percent. ApeCoin (APE) became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $1.06 trillion at the time of writing, registering a 24-hour gain of 1.16 percent.
Bitcoin price stood at $26,631.67, registering a 24-hour gain of 1.50 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.87 lakh.
ETH price stood at $1,632.65, marking a 24-hour gain of 0.89 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.40 lakh.
DOGE registered a 24-hour jump of 1.41 percent, as per CoinMarketCap data, currently priced at $0.062143. As per WazirX, Dogecoin price in India stood at Rs 5.38.
Litecoin saw a 24-hour gain of 4.21 percent. At the time of writing, it was trading at $63.13. LTC price in India stood at Rs 5,396.64.
XRP price stood at $0.4995, seeing a 24-hour jump of 3.09 percent. As per WazirX, Ripple price stood at Rs 43.20.
Solana price stood at $19.15, marking a 24-hour gain of 1.83 percent. As per WazirX, SOL price in India stood at Rs 1,646.80.
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Axie Infinity (AXS)
Price: $4.7524-hour gain: 11.42 percent
Bitcoin Cash (BCH)
Price: $217.3824-hour gain: 7.94 percent
VeChain (VET)
Price: $0.0172624-hour gain: 5.80 percent
THORChain (RUNE)
Price: $1.7024-hour gain: 5.69 percent
Conflux (CFX)
Price: $0.1224-hour gain: 4.78 percent
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
ApeCoin (APE)
Price: $1.1124-hour loss: 3.96 percent
Hedera (HBAR)
Price: $0.0510624-hour loss: 2.44 percent
Quant (QNT)
Price: $92.0624-hour loss: 1.52 percent
HTX Token (HT)
Price: $2.3824-hour loss: 1.39 percent
Nexo (NEXO)
Price: $30.548624-hour loss: 1.30 percent
Mudrex co-founder and CEO Edul Patel told ABP Live, Bitcoin is currently trading at around $26,500, and this recent price shift may be because of the ECB signalling that their recent hike of 0.25 percent in three key interest rates might indicate the end of rate hikes in the current cycle. Specifically, the interest rate on the main refinancing operations, as well as the interest rates on the marginal lending facility and the deposit facility, are set to increase to 4.50 percent, 4.75 percent, and 4.00 percent, respectively. It's worth noting that the interest rate on the deposit facility has reached its highest level since 2001. For Bitcoin to maintain its upward momentum, it will need to break through the resistance at $27,000. The overall market sentiment is currently bullish, with most cryptocurrencies witnessing a surge in their prices. Ethereum, for instance, is trading above the $1,600 mark.
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, The crypto market continues to be in the green. According to CoinGecko, the global crypto market capitalisation, up 1.2% in the last 24 hours, is around $1.1 trillion. The crypto fear and greed index remains in the fear zone with a score of 45/100. The crypto market has received a boost with the announcement from Deutsche Bank the largest German lender that it would provide digital asset custody and tokenization services. Another development that may have supported the uptrend could be signals from the European Central Bank to end rate hikes in the euro area.
Rajagopal Menon, Vice President, WazirX, said, The Crypto market displays strength as indicated by favourable moving averages, suggesting a 'Buy' sentiment. Investor confidence is riding high, thanks to the likelihood of stable interest rates and no impending rate hikes. Bitcoin has found solid support at its current levels, making a potential price surge a distinct possibility. The decision by the European Central Bank to hold off on rate increases may have also played a role in boosting Bitcoin's value.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, In the medium to long term, Bitcoin is trapped in a descending trend channel, reflecting a growing sense of pessimism among investors and indicating potential further declines. Within this pattern, Bitcoin is oscillating within the confines of a rectangular formation, bounded by support at 25,750 and resistance at 31,988. An imminent breakout of one of these critical levels will set the course for Bitcoin's trajectory. Bitcoin is currently probing support at the 26,000 level, a breach of which could trigger negative sentiment. Still, there remains a glimmer of hope for a positive rebound should this support remain firm. Overall, from a technical perspective, the medium to long-term outlook for Bitcoin leans slightly towards positivity.
Shivam Thakral, the CEO of BuyUCoin, said, BTC witnessed a modest jump of around 2 percent after European central banks signalled that it may end its rate hikes and inflation can be tamed if current interest rates are maintained for the long-term. Europe is home to Bitcoin ETFs and is a more mature market for digital assets and we may see increased user activity as the liquidity gets a boost. The oil prices have hit the highest point in 2023 and may hurt the financial markets. The overall crypto market cap is hovering around $1.06 trillion, a 1.07 percent increase over the last day.
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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Cryptocurrency Price Today: Bitcoin Remains Above $26,000, Axie Infinity Becomes Biggest Gainer - ABP Live
KlubCoin and Lunu Partner to Enable Top Nightclubs & Festivals to Accept Cryptocurrency Payments – Yahoo Finance
IBIZA, SPAIN / ACCESSWIRE / September 14, 2023 / KlubCoin, the cryptocurrency, loyalty program and ecosystem behind premiere nightclubs such as Amnesia Ibiza, Bootshaus Germany, Clubbing TV, DJ Mag and many more will work with Berlin based Lunu to facilitate digital payments and help elevate the nightlife industry experience.
Nightclubs, events and restaurants Premiere brands across Europe have partnered with Klubcoin to accept $KLUB tokens as payments in nightclubs, events, festivals, restaurants and more.
With over 20,000 active users, KlubCoin has partnered with names such as Amnesia Ibiza, Eden Ibiza, Bootshaus Germany, Cova Santa, Caprice Festival, DICE, DJ Mag, 1001 Tracklists and many more electronic music & nightlife brands.
KlubCoin continues to expand its ecosystem in the electronic music industry, providing users of Klubcoin perks such as access to sold-out events, cashback rewards, limited edition merch, as well as exclusive money-can't-buy experiences and more across a range of brands. The acceptance of digital payments such as $KLUB is another sign of the growing appetite among major brands supported by increasingly sophisticated payment infrastructure.
"We built KlubCoin as an ecosystem for the entire electronic music industry because we recognised the value that cryptocurrencies and blockchain technology provide for both businesses and brands as well as consumers. As the market expands, innovations like Lunu are allowing retailers to connect with new, younger, and more affluent audiences that are constantly expanding in size willing to use cryptocurrency as their main payment method in their everyday life," said Stephane Schweitzer, CEO of Klubcoin.
KlubCoin will reportedly use Berlin-based payment provider Lunu to facilitate digital payments in the form of its native cryptocurrency $KLUB token and help electronic music brands across the globe with seamless POS integrations and online payment systems. The Lunu system combines a terminal and widget with a processing service that conducts instant transactions.
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https://klubcoin.net/we-accept-crypto-1/
"We are eager to expand the scope of this technology, having previously seamlessly integrated Lunu and KlubCoin into clubs like Amnesia Ibizacthat currently accept cryptocurrencies as payment, we can now scale it for all partners of the KlubCoin ecosystem" continued Schweitzer.
According to Lunu's website, this system, which is built on a group of distinct arbitrageurs, calculates the market price for the crypto-to-fiat exchange while system oracles keep an eye on and validate transactions in independent blockchains.
"This is a very important step in the growth of the electronic music industry and its artists, as well as the party-goers and elevating their experience. KlubCoin was designed specifically to meet the unique demands of the industry. We're proud to partner with Stephane and the Klubcoin ecosystem, catering to seamless user experiences, evolving customer base" commented Pavlo Denysiuk, CEO and Partner at Lunu Solutions GmbH.
The majority of clubbers, i.e. KlubCoin and its partners' ideal customer base are millennials as well as Gen Z. They also happen to be the largest adopters of the crypto industry.
The Berlin based company also recently announced partnerships with major luxury brands such as Off-White, as well as a major strategic partnership with global cryptocurrency exchanges Binance.
Media Details
Company Name: KlubcoinContact Person: GaryBusiness Mail: info@d-verse.ioWebsite: https://klubcoin.netCity and country: Ibiza, Spain
SOURCE: Klubcoin
View source version on accesswire.com: https://www.accesswire.com/783647/klubcoin-and-lunu-partner-to-enable-top-nightclubs-festivals-to-accept-cryptocurrency-payments
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KlubCoin and Lunu Partner to Enable Top Nightclubs & Festivals to Accept Cryptocurrency Payments - Yahoo Finance
Ripple CEO: Avoid starting a cryptocurrency startup in US – cryptonewsbytes.com
In the dynamic world of cryptocurrency, innovation knows no bounds. we understand the ins and outs of this ever-evolving landscape and are committed to providing you with valuable insights that will empower your cryptocurrency venture. In this article, we delve deep into the realm of cryptocurrency startups, steering you towards success and sharing critical knowledge that will enable you to surpass the competition.
In the current global landscape, Ripple CEO Brad Garlinghouse, currently embroiled in a legal dispute with the U.S. securities regulator, staunchly asserts that the United States stands out as one of the most adverse destinations for launching a cryptocurrency startup. During a recent discourse at Token 2049 in Singapore, held on September 12, Garlinghouse made a resounding declaration, emphasizing, The sole geographical domain where I would dissuade the establishment of a venture at this juncture is none other than the United States. The luminary at the helm of Ripple passionately advocates for the United States to draw inspiration from nations such as Singapore, the United Kingdom, the United Arab Emirates, and Switzerland. He fervently urges the U.S. to enact policies that not only stimulate cryptocurrency innovation but also ensure the protection of the interests of the astute populace.
In a fervid discourse, Garlinghouse squarely attributed responsibility to the Securities and Exchange Commission, asserting that the regulatory body had initiated a politically motivated vendetta against the realm of digital currencies, a contention corroborated by its penchant for embarking upon legal contests. Within the framework of these legal battles, Garlinghouse expounded further, revealing the seeds of futility. His proclamation revolved around the recent courtroom victories of Ripple and Grayscale over the SEC, which hinted at a potential shift in the judiciarys perspectiveone that could conceivably favor the digital financial sphere.
Despite the significant presence of the United States in the Ripple market, Garlinghouse has articulated ambitious intentions to extend their influence into nations he believes harbor a more progressive outlook. These nations, he argues, possess a profound understanding of the prospective benefits inherent in blockchain technology.
We are presently in the process of engendering an innovative paradigm, a foundation upon which we can erect a novel monetary systema prospect yet to fully materialize, Fang articulated. Hence, it remains an open question whether we possess the requisite industry infrastructure to usher in this transformative era.
As Ripple continues to evolve and navigate regulatory hurdles, it remains committed to its mission of transforming cross-border payments and redefining the future of finance. With its visionary leadership and groundbreaking technology, Ripples journey is one that will undoubtedly continue to shape the cryptocurrency landscape for years to come.
Notice
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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Ripple CEO: Avoid starting a cryptocurrency startup in US - cryptonewsbytes.com
Seasonal Tokens: Revamping Cryptocurrency Trading With Relative … – Benzinga
In traditional trading, many traders primarily concentrate on an asset's dollar value. While useful for profit realization, this approach often falls short in identifying profitable opportunities, especially considering the speculative nature of market predictions. Even the most advanced technical analysis tools may struggle to navigate this.
Enter Seasonal Tokens, one of the pioneering Sharia-compliant cryptocurrencies. It offers a non-speculative and ethical trading avenue leveraging price seasonality, enabling traders to cyclically trade seasonal trends avoiding the hyper-speculation rampant in conventional crypto markets.
Central to the innovation within the Seasonal Tokens ecosystem is the use of relative price charts. This tool is reshaping traders' understanding and interaction with asset prices. This piece will explore the workings of Seasonal Tokens, highlighting how traders harness relative price charts to enhance their potential returns.
Seasonal Tokens cater precisely to what seasonal investors seek in commodities and stocks. Their prices rhythmically and predictably fluctuate, positioning them ideally for non-speculative and ethical trading.
The four Seasonal tokens (Spring, Summer, Autumn, and Winter) are trustless, decentralized cryptocurrencies mined via proof-of-work (PoW). These tokens are designed to oscillate around each other over several years, facilitating investors in maximizing their holdings via simple token swaps trading pricier tokens for more affordable ones.
Every nine months, one token's production rate halves, marking a transition from the highest production rate to the lowest. As the market adapts to this dwindling supply, the token's price skyrockets, evolving from the most affordable to the costliest option.
Source - Seasonal Tokens
The relative price chart for Seasonal Tokens represents each token's price by dividing it by the four tokens' average value. This unique presentation method negates external factors' influence, such as news events, influential personalities and speculative sources, since these factors affect all token prices uniformly.
Source - Seasonal Tokens YouTube Channel
To visualize this, consider a fraction where the numerator signifies the tokens price, and the denominator represents the average price of the four tokens. Any price shifts due to external factors affect both equally, nullifying the impact and presenting traders with a graph that reveals the relative value changes.
Relative price charts serve as a treasure trove for traders, enabling them to pinpoint lucrative oscillations in the relative prices of all four tokens. This creates a transparent playing field, where all traders access the same unbiased and predictable information, relying on competence and market comprehension over speculation or luck.
Moreover, all oscillations are independent of each token's dollar price. Traders can focus on enhancing returns by accumulating more total tokens during halving events, aiming to boost their returns as supply and demand dynamics shift.
Furthermore, all price fluctuations occur independently of the dollar value of each token. This independence allows traders to concentrate on maximizing returns by accumulating a greater total of tokens during halving events. These shifts in supply and demand create opportunities to increase holdings.
For instance, a trader might exchange one Spring token for 1.2 Summer tokens when Spring is halved and becomes scarcer (and therefore more valuable). Later, they could trade the 1.2 Summer tokens back for 1.8 Spring tokens as Summer becomes the next scarce (and thus valuable) token due to its halving event. From a mathematical perspective, this strategy guarantees an increase in total tokens after each trade compared to the initial count, offering a more fruitful alternative than merely retaining one Spring token.
However, increasing the total token supply doesn't necessarily equate to profit. Each token's price relative to others fluctuates over time. Therefore, as a seasonal trader, one needs to understand market prices, have a long-term strategy, manage emotions and practice to maximize rewards. The Seasonal Tokens Trading Simulator serves as an invaluable resource for both seasoned traders and newcomers alike, aiding in the development of informed trading decisions.
Seasonal Tokens introduce a novel and thrilling opportunity for traders to potentially generate returns ethically and without speculation. By leveraging relative price charts, traders can focus on supply and demand oscillations beyond the dollar sign, uncovering hidden trading opportunities within the ecosystem.
Featured photo courtesy of Seasonal Tokens.
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Seasonal Tokens: Revamping Cryptocurrency Trading With Relative ... - Benzinga