Day: November 22, 2023

Meme Moguls to unleash game-changing utilities in Q1 2024 to rival Polygon and Cardano

$0.62 is the next price target for Cardano.
By the end of Q1, 2024, $1.15 will be the value of Polygon.
Meme Moguls is projected to climb 100x and rival both other altcoins.

Cardano (ADA) has experienced a notable upswing of 56% in its value during the past month. Its network activity is massive, as over 200K active users utilize the network daily.

Polygon (MATIC)’s value saw a notable upswing after breaking above the $0.65 resistance point, and it can break new grounds in Q1, 2024. A major rival that’s just entering the market is Meme Moguls (MGLS), which can take a significant portion of the market share of both projects. 

Cardano (ADA) could surge to $0.62 at the start of next year

Based on an on-chart analysis by Santiment, Cardano (ADA) peaked in June of 2023, when the network reached 427,000 active addresses. As of November of the year, this number has dropped to 212,000, which is still an impressive amount of daily users taking advantage of the Cardano network.

As a result, the crypto experienced an upswing in its value, which has mirrored this resurgence in network activity. This Cardano price data suggests that it could soon initiate a rally. The Cardano price saw an upswing from $0.322041 to $0.386307 during the previous seven days. Its market cap is at $13,439,383,911, which has positioned it as the world’s 9th largest cryptocurrency. According to the Cardano price prediction, analysts project a climb of $0.62 can occur by the start of Q1 2024.

Polygon (MATIC) expected to hit $1.15 by Q1 2024

Polygon (MATIC) recently moved above the resistance level at $0.65 and gained attention. First, there was a move in the $0.75 resistance followed by an upswing near the $0.85 level. There is also a key bullish trend line forming with support at $0.81 on the MATIC/USD pair on the chart. 

The next major resistance point for the Polygon price is at $0.88. If the crypto fails to rise above this level, it could initiate a price correction and immediately slide under $0.80. The Polygon price jumped a total of 60.8% in the past month, leading many analysts to project future growth. 

Alongside that, the Polygon market cap is currently at $7,561,347,210, whilst its 24-hour trading volume is in the $558,144,295 range. According to the Polygon price prediction, it can spike to $1.15 by Q1 2024. 

Meme Moguls introducing game-changing utilities

Meme Moguls is an upcoming project that can become a major player in the industry by making meme coin investments far more appealing to users globally. It will feature a vast ecosystem that will bring meme enthusiasts closer together whilst also enabling them to earn in the process.

In this game-changing ecosystem, players will find a Fantasy Meme trading Play-to-Earn (P2E) experience, where they can build their portfolio and learn from experts. Upon reaching the Mongul Status, they can achieve the most significant gains in value.

There will be dedicated NFTs and a marketplace, which will represent rare items and materials connected to real-world assets. Alongside this, There will be a $10,000 giveaway at the end of each presale for a user that’s the most active on X, formerly Twitter.

MGLS is the native crypto of the ecosystem, which can be staked in the pools for passive income. During the Beta presale stage, it’s offered at just $0.001. After the presale, the token can jump by 100x based on current projections.

For more information about Meme Moguls, visit the Meme Moguls Website.

The post Meme Moguls to unleash game-changing utilities in Q1 2024 to rival Polygon and Cardano appeared first on CoinJournal.

Whales load up on BLUR after Season 2 airdrop

BLUR has outperformed other altcoins with 35% upside
Data shows increased whale buying after the end of the NFT marketplace’s season 2 airdrop.
BLUR price reached a high of $0.52, its highest level since late May.

Blur (BLUR) was outperforming with a massive 35% upside at the time of writing. Meanwhile, top coins and tokens in the crypto market continued to grapple with increased bearish pressure following events that unfolded around Binance in the past 24 hours.

Market data shows BLUR traded to $0.52 on Wednesday, its highest level since May 29, 2023. 

But while BLUR was 35% up and looking to extend gains seen over the last 24 hours, Bitcoin and Ethereum were -1.1% and +2.8% at $36,560 and $2,034 respectively.

Blur token surges after Season 2 airdrop

Blur’s recently completed airdrop looks to have sparked a flurry of buying by large holders. According to on-chain data, there has been massive whale activity since Monday when the Blur team announced NFT traders could begin to claim season 2 airdrop allocation.

Season 2 is COMPLETE

NFT traders on Blur and Creators are eligible for the Season 2 airdrop.

You have 45 days to claim your $BLURpic.twitter.com/HrNtpt2t5z

— Blur (@blur_io) November 21, 2023

The airdrop campaign looks to incentivize further use of the platform, particularly after the bear market took a heavy toll on sales volumes.

Blur’s open-ended Season 2 airdrop allowed users to earn points towards a chance for BLUR by listing, bidding or lending NFTs. High-value trades earned more and whales are adding to the windfall of BLUR tokens received in the airdrop by accumulating more from the open market.

On-chain data tracker Lookonchain revealed earlier today that as the price of BLUR pumped following the airdrop, 19 addresses added 51.3 million BLUR. That was $21 million worth of the token purchased by top holders after 10 wallets received 85.69 million BLUR worth $27.25 million.

While a number of holders have looked to cash in on the airdrop, its likely whales are going to accumulate more. If the price ticks up further, bulls could be looking at a potential retest of April highs of $0.81 and February peak of $1.24.

The post Whales load up on BLUR after Season 2 airdrop appeared first on CoinJournal.

MCADE price explodes ahead of Metacade’s mainnet launch, up 106% this week

Metacade’s native token MCADE has surged more than 20% in the past 24 hours and 106% this week. 
The gains come amid massive interest from gamers as Metacade’s highly anticipated mainnet launch approaches.
The team has announced major partnerships, highlighting its growth since the presale.

A look at the charts shows that Metacade price was capped at a long time resistance near $0.007 on November 18. Today, it’s trading at double that level as it defies the negative sentiment across crypto

MCADE looks poised for a bullish breakout amid a notable interest as Metacade takes a massive leap towards becoming one of the crypto gaming ecosystem’s largest platforms.

With the team delivering on the roadmap as highlighted during its successful presale, investors are seeing value- and MCADE price has followed.

Metacade price up 106% this week

Metacade’s native token MCADE is soaring as the community prepares for the grand launch of the gaming platform’s mainnet. Amid the excitement of the platform’s soft launch today, the price of MCADE has pumped 20%.

The MCADE price on crypto exchange Bitget, one of the first major exchanges to support the token, was at $0.014986, just off the intraday high of $0.01500 reached earlier today. The gains, which come as the gaming platform’s user community skyrockets, have pushed weekly gains to 106%.

Data from CoinGecko shows the cryptocurrency’s gains across major exchanges is up 162% in the past 30 days.

The Metacade mainnet launch is here

The Metacade price is surging as the market reels from the shockwaves of Changpeng Zhao’s resignation as Binance CEO.

Top altcoins have slipped to key support levels but MCADE is trading at its highest level since June 30. It is a significant show of confidence from investors in what Metacade could achieve, and part of that journey gets underway today.

As announced via the official X account, Metacade is launching for founding members, with exclusive access codes released on their website. The soft launch comes ahead of the mainnet and unlocks a gaming experience like no other for founding members.

Metacade delivers blockbuster partnerships

Also adding to the bullish outlook for the MCADE token is the investor sentiment around the flurry of activity with regard to major gaming partnerships.

The Metacade team has announced five such major collaborations, with the CEO Russell Bennett stating in a YouTube update on Tuesday that the company had logged 25% more partnerships ahead of the highly anticipated mainnet.

One such partnership announced on Wednesday is with Galaxia Studios, a platform that offers fully on-chain games and will bring “hyper-casual but addictive fun with Aquatic Wars, Frens On Chain, and Rabbits vs. Turtles” to Metacade.

💎 NEW PARTNERSHIP REVEAL 💎

We’re thrilled to welcome @Galaxia3Studios to the Metacade family! 🎮

Get ready for hyper-casual but addictive fun with Aquatic Wars, Frens On Chain, and Rabbits vs Turtles – all listing on our platform!💥

📲Explore: https://t.co/hcXxVD4KFa 🚀🐢 pic.twitter.com/cM2SFliHoh

— Metacade (@Metacade_) November 22, 2023

This adds to recent blockbuster deals with Avalanche-based play-to-own metaverse game Hatchyverse; Arbitrum-based free-to-play RPG game Re:Anima Game; and OBS World, the game designed for automotive enthusiasts.

What does all this mean for MCADE?

Metacade’s mainnet launch will see one of the biggest community projects officially bring gaming dApps and transactions to the public. Expected on November 28, the roll out will see more game titles go live, including from the MetaStudio team.

MCADE liquidity is another positive as more people interact with the platform, with the native token powering network activities. With 30 of the 40 partners migrating to the platform during the soft launch, additional interest is likely as more people not on Metacade get on.

Building games and releasing feeds on the gaming platform will also have an overall impact on adoption.

The post MCADE price explodes ahead of Metacade’s mainnet launch, up 106% this week appeared first on CoinJournal.

Could Celestia and NuggetRush Outperform Ethereum Classic in the Upcoming Bull Market?

TLDR

Celestia (TIA) has maintained its skyrocketing price levels a few weeks after its launch.

Ethereum Classic (ETC) has dipped despite bullishness from excitement around spot Bitcoin ETFs.

NuggetRush nears round three of its presale after selling nearly 50 million tokens.

Celestia’s performance has increased since its leading network went live on October 31. Now, analysts are speculating over how long Celestia’s rally could last. Elsewhere, Ethereum Classic (ETC) has nosedived despite bullishness around several top altcoins in the crypto market.

Investors have now turned to NuggetRush (NUGX) after it unveiled NFT staking and a host of rewards on its play-to-earn mining game. NUGX’s value has risen since the launch of its presale. Yet, can it become a top ICO? Let’s discuss.

>> Buy NuggetRush Now <<

Celestia (TIA) holders eye $10 mark

Celestia (TIA) has become one of the fastest-growing cryptocurrencies since the start of November. The network is advancing a new method of deploying modular blockchain technology while cutting costs. Celestia (TIA) launched its main network on October 31, 2023. Yet, Celestia’s (TIA) value has grown by over 100% since then.

TIA was valued at $2.315 on October 31 after Celestia’s main network went live. By November 10, TIA’s value rose by 37.7% to $3.189. TIA’s bullishness soared as it rose by 123.73% to $7.135 by November 18.

Celestia’s (TIA) network is still very new. So analysts are not shocked by its slow performance since its launch. Many analysts agree that its network activity has been underwhelming but expect it to grow sharply. These analysts conclude that rising network activity could increase TIA by 29.4% to $9.234.

NuggetRush (NUGX): Exploring mineral rich lands for gold rewards

NuggetRush (NUGX) allows users to join its hunt for mineral resources. The platform is a play-to-earn gaming ecosystem where users earn rewards for completing mining challenges. NuggetRush (NUGX) offers a comprehensive world of miners, investors, and play-to-earn lovers.

Its gameplay is simple yet very entertaining. At the start, players get NFT characters that help operate a mine and turn it into a successful enterprise. Players will also get machinery to boost their mining operations. These NFTs are also valuable, and players can sell them for money on NuggetRush’s (NUGX) marketplace.

NuggetRush (NUGX) also rewards players for battles, tournaments, and ranked play. Finally, players can collaborate on mining tasks for higher rewards. Collaborations between players and experienced miners will significantly boost the individual mining efficiency of group members.

NuggetRush’s (NUGX) NFTs offer higher utilities than most play-to-earn networks. Analysts say it could become one of the most popular NFT projects. The game is not yet available to the general public. Yet, NugetRush’s (NUGX) ongoing blockchain ICO has sold almost 50 million tokens. 

NUGX’s value has also appreciated by 20% as it moved to round two of its presale. Now, the token costs $0.012. However, NUGX’s value will rise by 8.3% to $0.013 by round 3 of its presale. It will keep growing until it reaches $0.02, after which the game will go live.

>> Buy NuggetRush Now <<

Ethereum Classic (ETC) dips despite November bullishness,

Ethereum Classic (ETC) became one of the most popular networks since mid-October due to its sharp market surge. Yet, the altcoin’s momentum has dipped in the past few days. 

Ethereum Classic’s rally followed short-term bullishness in the wake of excitement around Spot Bitcoin ETFs.

ETC was trading at $15.26 on October 16. By November 1, ETC jumped by 16.5% to $17.78. Its bullish momentum continued, pushing it up by 16.8% to $20.78 on November 11. However, ETC corrected slightly by 7.5% to $19.22 by November 18.

Ethereum Classic’s (ETC) trading volume has also risen since the end of October. Many analysts expect Ethereum Classic’s market performance to increase again due to ongoing market bullishness. If this happens, ETC could jump by 27.6% to $24.54 by January 2024. 

If Ethereum Classic (ETC) keeps rising, it could become one of the best DeFi projects.

Visit NuggetRush Presale Website

The post Could Celestia and NuggetRush Outperform Ethereum Classic in the Upcoming Bull Market? appeared first on CoinJournal.

GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority

Singapore, Singapore, November 22nd, 2023, Chainwire

GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).

GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now start market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of technology solutions.

GCEX facilitates institutional access to digital assets through its proprietary XplorDigital trading solutions, which comprises of a technology-agnostic platform covering regulation, regulated custody, the safety of funds, tier 1 liquidity and technology (both back-end and front-end). GCEX only partners with regulated institutional digital custody and staking providers and always segregates client funds.

Mehtap Önder, Managing Director, GCEX in Dubai, commented, “VARA is leading the way in the global digital asset industry, and we are extremely proud to be one of the first firms to receive a VASP Operating Licence to provide Virtual Asset Broker-Dealer services and the first firm to gain approval to operate with a client money account, highlighting our focus on client protection.

“Being a regulated entity in the region is important to us – it’s the ideal way to demonstrate our commitment to adhering to international standards and implementing robust processes, with transparency and investor protection at the core of our offering. This is a major milestone for our business and is critical to GCEX’s growth strategy, enabling us to have a stronger presence in the region.”

GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as digital assets spot trading and conversion as well as a broad range of trading solutions. Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA. True Global Ventures are investors in GCEX.

 For further information, please visit gcexmena.com or LinkedIn

About GCEX

Founded in 2018, GCEX is a pioneering regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional and professional clients. GCEX has partnerships with Tier 1 trusted Liquidity Providers, leading counterparties and regulated digital custody asset institutions. GCEX offers a wide range of products and technology solutions including White Labels.

GCEX is a trading name of GC Exchange Limited, GC Exchange Fondsmæglerselskab A/S, GC Exchange A/S and GC Exchange FZE. GC Exchange Limited, a company incorporated in England and Wales (No11382809) with registered address at 75 King William Street, London, EC4N 7BE provides FX and CFDs products. GC Exchange Limited is authorised and regulated by the Financial Conduct Authority (FRN 828730).

Digital asset services are provided by GC Exchange A/S, a company incorporated in Denmark (CVR 43088777) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange A/S is authorised by the Danish Financial Supervisory Authority as a Currency Exchange (FTID 45020) and registered as a Virtual Asset Service Provider (FTID 17524) under the AML regulation.

GC Exchange Fondsmæglerselskab A/S, a company incorporated in Denmark (CVR 43345052) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange Fondsmæglerselskab A/S is authorised and regulated by the Danish Financial Supervisory Authority as an Investment Firm to offer FX and CFD products.

GC Exchange FZE is incorporated as a Limited Liability Free Zone Establishment under the Dubai World Trade Center Authority with registration number 1896. GC Exchange FZE has been granted a Virtual Asset Service Provider Licence by the Dubai Virtual Assets Regulatory Authority. For more information visit: https://www.vara.ae/

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

 

Contact

Vanessa Green
Wigwam PR for GCEX
vanessa@wigwampr.com
+44 (0)771 333 2303

The post GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority appeared first on CoinJournal.

Celebrating Kaspa’s 2nd Birthday: $1M Airdrop campaign with OKX, Coinpal.io

Massachusetts, USA, November 22nd, 2023, Chainwire

Kaspa, the revolutionary open-source, decentralized, and fully scalable Layer-1 blockchain network, is thrilled to announce its 2nd birthday celebration. To commemorate this significant milestone, together with industry leaders Coinpal.io, OKX Web3, ICERIVER, IGV, and Rhubarb Media to launch a spectacular 1 Million Airdrop Campaign. This campaign will take place exclusively on OKX Cryptopedia, offering participants the chance to receive $1 million USD worth of $KAS and the exclusive, custom-designed NFT – KASBOTS with no cost!

Kaspa – Fast, Safe, and Decentralized – The cradle of a true peer-to-peer blockchain payment system

Kaspa is not just any blockchain; it stands as a groundbreaking achievement in the world of decentralized technology. Boasting the title of the fastest open-source blockchain, Kaspa is designed to meet the needs of the modern world. Its unique architecture, the world’s first blockDAG, permits parallel blocks and instant transaction confirmation, all underpinned by a robust proof-of-work engine with rapid single-second block intervals.

Kaspa has been crafted by industry pioneers and is driven by a community-led ethos. It prioritizes speed, scalability, and decentralization, making it a standout option in the blockchain landscape.

As the Bitcoin network grapples with overwhelming unconfirmed transactions and surging fees, Kaspa emerges as a compelling alternative, offering near-instant transaction confirmations and the ability to handle significant throughput.

Kaspa’s commitment to a robust proof-of-work engine ensures that it’s secure and reliable, while its blockDAG structure allows for unmatched scalability and transaction efficiency. The single-second block intervals set a new standard for blockchain speed and responsiveness.

Moreover, Kaspa is evaluating the adoption of Smart Contracts with the technology known as Rollups (RU), designed to improve the speed and efficiency of blockchain transactions. With smart contract support, Kaspa unlocks a new realm of numerous future possibilities and payment solutions.

 

2nd-anniversary celebration – $1 million USD worth of $KAS Airdrop Campaign + KASBOTS NFT

To celebrate Kaspa’s 2nd birthday and the launch of the 1 Million Airdrop Campaign with Coinpal.io, OKX, ICERiver, IGV, and Rhubarb Media on OKX Cryptopedia, all people are invited to partake in this remarkable event. This is not just a celebration of Kaspa’s journey but also a recognition of its role in shaping the future of blockchain technology.

Where: Participants need to visit the OKX Wallet Mobile App and go to the Cryptopedia X Kaspa season event to start participating.

How: Participants need to complete the tasks and gain the exquisite KASbots NFTs at no cost!! And then have the opportunity to receive the 1 million USD worth of $KAS Airdrop.

For more information on the campaign, please read the tutorial to participate here.

Please note that DAGKnight is a rare category/ lottery ticket, for participants who mint it will have the opportunity to receive special rewards!

The 1 Million Airdrop Campaign represents a unique, limited-time opportunity, inviting participants to join in this extraordinary celebration.

Happy Birthday Kaspa! Let’s begin the celebration party!!

About Kaspa

Kaspa is a pioneering open-source, decentralized, and fully scalable Layer-1 blockchain network. Its revolutionary architecture, featuring the world’s first blockDAG, delivers parallel blocks and instant transaction confirmations with rapid single-second block intervals. Developed by industry leaders and guided by a community-driven approach, Kaspa offers unparalleled speed, scalability, and decentralization in the blockchain world.

About Coinpal.io

Coinpal is the crypto payment service provider holding both Electronic Money Institution (EMI) and exchange licenses from the European Union, aiming to be the bridge to connect both premium merchant partners and the blockchain community to enable more payment usage scenarios to use their tokens as a payment method for both online and offline to empower crypto payments, and enrich the blockchain communities.

To stay updated on Kaspa’s 2nd birthday campaign, please follow:

Kaspa

Coinpal.io
OKX Web3
IGV
ICERIVER
Rhubarb media

 

Contact

Public Relations
JW
Coinpal.io
pr@coinpal.io

The post Celebrating Kaspa’s 2nd Birthday: $1M Airdrop campaign with OKX, Coinpal.io appeared first on CoinJournal.

Over $86M drained after HTX Global’s HECO Bridge security breach

Over $186 Million drained in a HECO Bridge-related hack.
The HECO Bridge is a crucial link for transferring funds between Ethereum and the Heco Chain.
Projects associated with blockchain entrepreneur Justin Sun are facing ongoing hacking challenges.

In a recent development, the HECO chain bridge, built by the HTX Global exchange has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86 million.

On-chain security platform Cyvers Alerts identified the movement of funds, pointing to a potential exploit in the HECO chain.

🚨Code Red!🚨 (Ongoing)Our AI powered system has detected multiple suspicious transactions from @HECO_Chain bridge

Suspicious address has received around $85M. Suspicious address: https://t.co/JlMClIM7hg

First transaction is 10,145 $ETH from @HECO_Chain bridge to suspicious… pic.twitter.com/IwpqXvhCsU

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) November 22, 2023

HECO Chain Bridge exploit

According to Cyvers Alerts, suspicious addresses received more than $85 million from the HECO chain bridge, indicating a significant exploit.

The HECO Bridge is utilized for transferring funds between Ethereum and the Heco Chain. 

Wintermute Head of Research Igor Igamberdiev estimates the breach loss at $86.6 million.

Blockchain analysts PeckShield suspect the possibility of an exploit or rug pull, as the stolen funds were swiftly sent to decentralized exchanges and converted into other tokens. This exploit follows the recent trend of security vulnerabilities in blockchain projects related to Justin Sun.

Our initial analysis indicates the suspicious $86.6m outflow from @HECO_Chain #bridge was from a compromised operator, which was operational since 2022-10-08:

Will this be connected w/ earlier $125m @Poloniex incident?

Example outflow tx: https://t.co/IhN9PW797v
Operator:… https://t.co/wRIZoYTMus pic.twitter.com/hnGfnsN7sa

— PeckShield Inc. (@peckshield) November 22, 2023

Trail of hacks on Justin Sun-linked projects 

In 2022, Sun merged the TRON and BitTorrent bridge ecosystem with HECO. However, the ecosystem now faces significant hacking issues. Notably, the Poloniex exchange, linked to Sun’s projects, recently suffered a $117 million hack, while the HTX exchange, another Sun-affiliated platform, experienced an $8 million hack.

As investigations unfold, concerns are mounting over the security of the HECO chain and its associated projects. Users and investors are urged to exercise caution as the crypto community awaits further details and actions to mitigate the impact of this substantial security breach.

The post Over $86M drained after HTX Global’s HECO Bridge security breach appeared first on CoinJournal.

CoinGecko expands crypto data API with Zash acquisition

CoinGecko, a prominent cryptocurrency data aggregator, has acquired Zash.
Zash is an industry leader in NFT data infrastructure and intelligence.
The acquisition aligns with CoinGecko’s vision to tokenize any feasible asset.

In a strategic move to bolster its cryptocurrency data services, CoinGecko has completed its first-ever acquisition by adding Zash, a prominent NFT data infrastructure and intelligence company, to its portfolio.

Zash’s NFT data integration

CoinGecko, a leading cryptocurrency data aggregator, has finalized the acquisition of Zash, an industry trailblazer in NFT data infrastructure and intelligence.

Established in 2021 by CEO Parit Patel and CTO Efe Surekli, Zash has gained recognition for providing enterprise-grade, indexed NFT data across 87 distinct marketplaces, spanning Ethereum,  Binance Smart Chain, Polygon, Solana, and Bitcoin Ordinals.

CoinGecko, with its vision of tokenizing any asset possible, recognizes the evolving landscape of NFTs.

The acquisition of Zash positions CoinGecko to seamlessly deliver both fungible and non-fungible token (NFT) data in an integrated offering. The move aligns with CoinGecko’s dedication to providing reliable and comprehensive cryptocurrency data to the global crypto community.

Anticipated enhancements in crypto data API

As a result of this acquisition, CoinGecko has outlined plans to introduce new endpoints to its crypto data API by the second quarter of 2024.

These additions will include enterprise-grade NFT data across multiple blockchains, NFT metadata, historical trades, lending data indexing, and wash trading detection for major Ethereum collections. The incorporation of Zash’s NFT data infrastructure is also expected to enhance CoinGecko’s NFT floor price tracker in the coming year.

This acquisition, driven by the recognition of Zash’s unparalleled capabilities in the NFT data space, underlines CoinGecko’s commitment to delivering exceptional value to the crypto community. For those eager to explore the upcoming NFT data API services, the opportunity to sign up for the waitlist is now available.

The post CoinGecko expands crypto data API with Zash acquisition appeared first on CoinJournal.

3 Key Reasons Investors are Flocking to This Meme Coin Presale Alongside Shiba Inu

Cryptocurrency investors are always on the lookout for good crypto to buy, and Galaxy Fox has emerged as a strong contender alongside meme coin giants like Shiba Inu. With its unique approach to combining gaming and meme coins, Galaxy Fox has garnered attention and is currently in its presale phase. Here are three key reasons investors are flocking to this exciting opportunity.

1. Gaming that Puts Money in Your Pocket

If you love gaming, you’ll love Galaxy Fox. Imagine this: you’re playing some web3 runner games on Galaxy Fox, having a blast, and then you earn $GFOX, the platform’s native token, or even some NFTs just for your gaming prowess. It’s like getting paid to do what you love. Forget about just trading crypto; now you could game your way to financial glory.

The team at Galaxy Fox is all about securing the future of their ecosystem. How? By rewarding those savvy enough to stake and lock their $GFOX tokens. It’s like becoming a shareholder in the gaming revolution. Galaxy Fox isn’t just about memes – it’s a serious contender in the gaming and crypto space, making it one of the promising crypto gem you could hold for the long term.

2. NFTs, Voting Power, and a Dash of Community Governance

Hold onto your hats because Galaxy Fox isn’t stopping at gaming rewards. This project got their eyes on the NFT craze. Imagine owning the coolest NFT assets featuring characters from the Galaxy Fox gaming universe. Mint them, trade them – it’s a whole new level of crypto cool. $GFOX isn’t just a token; it’s your ticket to an exclusive club of NFT enthusiasts.

And here’s the power move: being a $GFOX holder means you’re not just a spectator; you’re in the driver’s seat. Galaxy Fox gives you voting rights on decisions that impact the platform. It’s like having a say in the development of your favorite game. 

This level of community involvement and governance is what sets Galaxy Fox apart from the meme coin crowd. It’s not just a good crypto to buy; it’s a movement where everyone has a voice.

3. Merch Mania and Marketing Brilliance

Now, let’s talk visibility. Galaxy Fox isn’t just content with being a digital sensation. They’re bringing the brand to the streets with real-world merchandise. Picture this: people walking around proudly sporting Galaxy Fox gear, becoming walking billboards for $GFOX. It’s marketing genius. The sweet part is the revenue from merchandise sales goes straight into the project’s Treasury. That means more funds for marketing, ecosystem development, and community initiatives, making $GFOX one of the best cheap crypto to buy right now.

In the world of crypto, attention is everything. Galaxy Fox knows this and has a roadmap that’s a masterclass in becoming a recognized web3 currency. The team has organized funding channels, and the presale is proof of their organizational prowess.

But wait, there’s more. Ecosystem taxation is the secret sauce that keeps the Galaxy Fox engine running. Staking your $GFOX tokens in the Stargate module doesn’t just earn you some sweet passive income; it also fuels the protocol’s growth. A portion of the tax goes to the liquidity pool, and another chunk goes to the Treasury for that round-the-clock marketing push. It’s a commitment to growth that makes Galaxy Fox stand out among its peers.

In the end, Galaxy Fox is a good crypto to buy because it isn’t just chasing the meme coin giants like Shiba Inu and Dogecoin; it’s aiming to dethrone them. Taking the best from the meme coin world – virality and eye-catching aesthetics – and blending them with a play-to-earn token is Galaxy Fox’s winning formula. With a Web3 game, an NFT collection, and the promise of residual income, $GFOX is not just a meme; it’s a revolution in the making.

Conclusion

So, if you’re still sitting on the fence, now’s the time to jump into the Galaxy Fox presale. Recently, Galaxy Fox has reached its first significant milestone of $100K! $GFOX is your ticket to the future of gaming and crypto combined. Don’t miss the bus; get your $GFOX tokens now and ride the wave of the next big thing in the crypto world. Check out their official Telegram account to know more!

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Binance delisting major coins including APT and AXS following the DOJ settlement

Binance CEO Changpeng Zhao resigns and pleads guilty.
Binance delisting of 10 major coins as regulatory response.
Binance restructures leadership and commits to compliance.

Binance, the world’s largest cryptocurrency exchange, is making significant moves in response to a groundbreaking settlement with the US Securities and Exchange Commission (SEC).

The exchange has announced the delisting of 10 major trading pairs, including notable cryptocurrencies such as Aptos (APT), Axie Infinity (AXS), and Filecoin (FIL).

Changpeng Zhao’s resignation and $4B Penalty

In a surprising turn of events, Binance founder Changpeng Zhao, commonly known as CZ, has decided to step down from his role as CEO in the wake of a comprehensive settlement with the SEC we reported earlier.

The settlement stems from criminal charges against Binance, including breaking sanctions and money-transmitting laws. As part of the deal, CZ has pleaded guilty to charges related to violating the Bank Secrecy Act and causing a financial institution to violate it. The penalty for these charges is a staggering $4.3 billion, making it one of the largest settlements the US has ever obtained from a corporate defendant.

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.

Binance is no longer a baby. It is…

— CZ 🔶 Binance (@cz_binance) November 21, 2023

Delistings coincide with regulatory fallout

Binance’s decision to delist 10 major trading pairs, including APT, AXS, and FIL, is particularly noteworthy as it aligns with the regulatory turmoil surrounding the exchange.

According to the official announcement by Binance, the affected pairs are specifically tied to Binance’s stablecoin, BUSD. The delisting is in line with Binance’s phased termination of BUSD-related services.

This move, however, comes in the aftermath of revelations that Binance employees were aware the company was serving users in sanctioned countries, knowingly violating US laws. The SEC’s scrutiny has prompted a significant reshaping of Binance’s operations.

Binance’s pledge to restructure and compliance

In response to the settlement and regulatory challenges, Binance has acknowledged the resolutions reached with various agencies.

The exchange emphasized its commitment to restructuring over the past few years, highlighting its “new leadership with deep compliance experience.”

Richard Teng, a former Abu Dhabi regulator and Binance’s regional markets head, is set to take over as the new CEO. Despite the setbacks, Binance expressed confidence that it would emerge as a stronger company, laying the foundation for the next 50 years.

As part of the settlement, Binance will have to appoint an independent compliance monitor for three years and report its efforts to comply with US regulations.

These developments mark a significant moment in the cryptocurrency industry, underlining the increasing scrutiny and regulatory challenges faced by major players. As Binance navigates the fallout from the SEC settlement, the delistings are a strategic move to align its operations with regulatory expectations and pave the way for a new era under fresh leadership.

The post Binance delisting major coins including APT and AXS following the DOJ settlement appeared first on CoinJournal.


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