Category : CoinJournal

CoinJournal

Cathie Wood spends another $9.20 million on Coinbase stock

Cathie Wood bought 162,325 shares of Coinbase Global Inc on Friday. Her stake in the crypto exchange is now worth more than $18 billion. Coinbase stock has already rallied about 70% since the start of 2023. Shares of Coinbase Global Inc have alread...

UK’s digital pound project shows future of money is digital, says HANetf co-founder

HANetf co-founder & co-CEO Hector McNeil was commenting on the UK Treasury and Bank of England’s recent announcement regarding a digital pound. McNeil says “cash is on decline” and that the “future of finance and money is...

As Talk of a Crypto Class War Makes Headlines, Companies Like Metacade Look to Share the Wealth

News headlines are filling up with claims that cryptocurrency investment is stoking a class war, with allegations that it is becoming an elitist pursuit inaccessible to people with less disposable income. With the recent collapse of FTX wiping out bi...

Metacade Will Offer The Biggest Selection of Arcade Games Online – And A Potential 10X Investment

There’s no question that GameFi is a burgeoning area of Web3 and one of the areas most likely to be positively impacted by the benefits of blockchain infrastructure and decentralized finance (DeFi), especially when play-to-earn (P2E) gaming is...

Bakkt to sunset app as focus turns to scaling B2B business

Bakkt App will officially terminate on 16 March 2023, the firm announced today. However, Bakkt says app users will still access their cryptocurrencies and cash through a new web experience. The company says its focus now is on scaling its business-t...

The Best Crypto Staking Platforms To Earn Passive Income in 2023

Crypto investors can benefit from advanced financial services through decentralized applications and blockchain networks. Not only do cryptocurrencies represent lucrative investment opportunities, but users can also stake to earn a passive yield. Thi...

Expert: SEC’s war on crypto just getting started

Marcus Sotiriou, a market analyst at UK-listed digital asset firm GlobalBlock, says the SEC is just starting in its crackdown on crypto. The analyst said this in a note to clients on Monday following regulatory moves against crypto firm Paxos and th...

Bitcoin isn’t getting less volatile, and that’s a massive problem – a Report

Bitcoin was 26X more volatile on a weekly basis than the euro in 2022, up from 19X in 2021 and 16X in 2020 Key Takeaways & & There is a perception that Bitcoin’s volatility is coming down, however the data fails to back this up Bitco...

Paxos terminates relationship with Binance as it halts BUSD issuance

Paxos has also halted the minting of new BUSD tokens as ordered. Existing BUSD will however remain fully-backed and redeemable via Paxos until at least February 2024 Binance CEO says exchange will continue to support BUSD& Paxos, the blockchai...

BNB coin price slips amid Binance outflows, BUSD woes

Binance Coin has made a strong bearish breakout in the past few hours. Paxos was ordered by US regulators to stop minting BUSD. Binance has seen significant outflows in the past 7 days. Binance Coin (BNB) price pulled back on Monday, becoming...

Blockchain Company Paxos Trust ordered to stop issuing Binance USD

The NYDFS has ordered Paxos Trust Co. to stop issuing BUSD stablecoin. This comes after the SEC issued Paxos with a wells notice on the same. The SEC alleges Binance USD is an unregistered security. Just hours after the US Securities and Exchange C...

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge cr...

Kraken move should put crypto industry ‘on notice,’ says Gary Gensler

Gary Gensler says the agency’s action against crypto exchange Kraken yesterday should put people “on notice. He added that crypto companies should take note and come into compliance. The crypto space needs laws to protect the invest...

Venom Blockchain partners with DAO Maker to incubate web3 startups

Venom Blockchain and DAO Maker want to incubate web3 startups focused on real-world use cases. DAO Maker CEO Christoph Zaknun has been named an advisor to Venom Foundation. DAO Maker will actively assist in the development of the Venom ecosyste...

Crypto price predictions: Hedera (HBAR), Oasis (ROSE), Viberate

Cryptocurrency prices had a mixed week amid elevated risks. Bitcoin price plunged to a low of $21,820, the lowest level since January 20. AI coins like SingularityDAO, Fetch.ai, and Ocean Protocol soared and then plunged. This decline was also in lin...

If all Bitcoin was sold today, the profit would be $2,500: An on-chain analysis

Key Takeaways The net unrealised profit/loss of all Bitcoins is currently 0.11 BTC, or $2,500 The profit has been positive since January 13th, having been negative for most of the prior 6 months Two-thirds of the Bitcoin supply is in profit, despite...

Kraken to end its crypto-staking services in the U.S. – here’s why

Kraken is ending crypto-staking services to settle with the U.S. SEC. It will also pay $30 million in penalties as part of that settlement. The development casts doubt upon Coinbase that also offers staking. Kraken &- the U.S. based crypto exch...

MakerDAO integrates Chainlink automation to enhance DAI stability

MakerDAO’s integration of Chainlink extends on the Maker’s automated system Keeper Network. The automation will help stabilise the DAI infrastructure, including via updates on price and the debt ceiling. An proposal over the integration...

Tether reports $700 million net profit in Q4 2022

Stablecoin issuer issued its latest attestation report for the fourth quarter of 2022. The company reported a net profit of $700 million in Q4. The profit is in addition to the company’s reserves. Tether publishes its Q4 attestation rep...

Sandbox (SAND) price prediction: Something big is about to happen

The Sandbox price crashed for two straight days as the cliff unlock date nears and as a risk-off sentiment prevailed. The SAND/USDT price retreated to a low of $0.7797, which was lower than this week’s high of $0.937. Cliff unlock nears Crypto...

Metacask to auction rare 1988 Macallan cask for $3 million

Metacask is set to auction the rare whisky cask starting 12 February, with the 35-year-old cask asking price debuting at over $3 million. The cask is held as The Macallan Distillery in Scotland. A digital art and NFT will be offered as part of the s...

Fornax Launches Blockchain Version 1.0 with Limited Supply of 20 Million Coins, Smart Contract Support, and Cutting-Edge Technology

Fornax, a new player in the decentralized blockchain world, has announced the launch of its blockchain version 1.0 pre-sale. This version is limited to a total supply of 20 million Fornax Coins and offers investors an opportunity to get in on the gro...

Long-term Bitcoin holders at all-time high, but price not cooperating

Key Takeaways Two-thirds of the Bitcoin supply has not moved in over a year Metrics for percent of supply unmoved in 2+, 3+ and 5+ years also at all-time highs The average hold period for Bitcoin on-chain is 3.8 years Despite thesis that dwindling s...

Things to consider when choosing your trading platform

Choosing a good trading platform is one of the first steps to crypto investing. Check local laws and find out if the platform is regulated or complies with set requirements. Decide what type of trader you are and assess your technical skills. Tradi...

Most crypto business leaders studied Computer science or MBA, Dan Ashmore tells CNBC

The crypto space was previously more open to people from all fields as the market was still in its early days. Coinjournal’s Dan Ashmore believes that the crypto market is becoming a mainstream financial market and is now dominated by those...

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