Category : CoinJournal

CoinJournal

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...

Aave deploys GHO stablecoin on Ethereum’s Goerli testnet

Aave has joined the space of DeFi protocols that have released their own native stablecoins. The GHO stablecoin is not live on Ethereum’s testnet. The GHO mainnet is however yet to be launched awaiting community discussion and approval. Leadi...

Chiliz token declines 7% after rallying to 2-month high on new blockchain launch

Chiliz launched a new layer-1 blockchain that’s EVM-compatible. The price of the native token CHZ rose more than 20% to a two month high above $0.17. Profit taking today has seen it decline over 7% to around $0.15. Chiliz , the blockchain-bas...

Blockchain-based platform ShareRing announces alpha release of its Vault Query Language

ShareRing releases alpha version of its web-based tool Vault Query Language (VQL). The Alpha release allows users to test the query tool securely from their ShareRing Vault. ShareRing is a blockchain-based digital identity platform. ShareRing, a bl...

Bitcoin exchnage LocalBitcoins is shutting down

LocalBitcoins to shut down peer-to-peer (P2P) crypto platform Finland-based Bitcoin trading service has been in operation for over 10 years. The team cites a difficult crypto winter for the reason the exchange is calling it a day. LocalBitcoins, a...

MakerDAO to launch Spark lending platform to rival Aave

Aave, a crypto lending platform, is currently one of Ethereum’s largest DeFi products. MakerDAO, on the other hand, facilitates the generation of DAI stablecoin. MakerDAO is planning to launch a crypto lending platform called Spark Lend to riv...

ARGO token ticks higher as Peter Wall resigns as CEO of Argo

Peter Wall resignation is the second after the Argo Blockchain acquisition by Galaxy Digital. Peter Wall will remain an adviser to Argo to support the transition. Argo has been conducting a series of changes since late December 2022 when it reported...

Robinhood to buy back Bankman-Fried’s seized 7.6% stake

Key Takeaways Sam Bankman-Fried and FTX co-founder Gary Wang bought a 7.6% stake in Robinhood last May Purchased for close to half a billion, the funds were raised via a loan from sister trading firm Alameda Research In November, FTX was revealed to...

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