Day: November 29, 2023

IOTA announces $100 million Ecosystem DLT Foundation in the UAE

IOTA continues strategic expansion with first DLT Foundation in the UAE’
The IOTA Foundation will allocate $100 million to the initiative.
IOTA price was rallying after the news, up 50% at the time of writing.

IOTA’s strategic expansion has reached another milestone with the registration of the first DLT foundation in the United Arab Emirates (UAE).

The IOTA Foundation first announced plans for the foundation in September, highlighting registration with the Abu Dhabi Global as a step that would aid IOTA’s expansion in the Middle East and North Africa (MENA) region. The news came as the IOTA price spiked more than 50% to above $0.26.

IOTA Foundation allocates $100 million to initiative

Per today’s announcement, an investment of over $100 million has been allocated for the DLT Foundation, with the funding done in IOTA tokens. These will be vested over the next four years as the foundation looks to nurture innovation and adoption of the IOTA protocol.

The funding will also go towards community-driven projects and regulatory synergy, the IOTA Foundation said. Among initiatives to receive greater attention will be those targeted at IOTA and Shimmer, its staging network.

On what this means for IOTA’s push to align with regulatory developments, IOTA co-founder Dominik Schiener, said:

“The IOTA Foundation’s support from ADGM and our partnership with UAE authorities is about more than global expansion. It’s about ushering in a new era of regulatory synergy in the crypto markets. We want to ensure that we take the right steps toward digital autonomy for everyone, and that means making sure a diversity of communities take an active role in shaping the Foundation’s technology and governance.”

IOTA’s partnership with the ADGM comes as the UAE increasingly becomes an important international crypto destination. As a leading financial center, the country has attracted several blockchain and crypto-related companies.

Today, stablecoin issuer Paxos announced it had secured two in-principle approvals from the Financial Services Regulatory Authority (FSRA). The company is now set to issue stablecoins and provide brokerage and custody services in the ADGM.

The post IOTA announces $100 million Ecosystem DLT Foundation in the UAE appeared first on CoinJournal.

ScapesMania and its potential to outshine Ripple (XRP) and Cardano (ADA) in the cryptocurrency investment race in 2024

ScapesManiaInnovatively positioned for growth in the crypto market.
Ripple (XRP): Resilient despite legal challenges, with fluctuating market performance.
Cardano (ADA): At a pivotal point, with potential for significant price movements based on market trends.

The cryptocurrency market has pulled back from recent highs, but overall sentiment remains bullish. Bitcoin and major cryptocurrencies like Ether show resilience, with Bitcoin experiencing a 30% rally since early October. 

This surge is attributed to the anticipation of a spot BTC Exchange-Traded Fund (ETF) approval and a favorable macroeconomic backdrop. Technical indicators suggest a positive outlook, with predictions of Bitcoin breaking out above $38,000 and testing the $42,000 level if momentum continues.

This bullish trend extends beyond Bitcoin, presenting opportunities for altcoins such as Ripple (XRP), Cardano (ADA), and the innovative project ScapesMania. While Ripple (XRP) and Cardano (ADA) investors are optimistic, the significant appreciation of these assets in 2024 is questionable. 

New ambitious projects like ScapesMania, with projected high ROIs, are currently in higher demand. There’s a reasonable chance that ScapesMania, as a newcomer, will demonstrate substantial growth in 2024.

ScapesMania: a predictable path amid uncertainty

While certain cryptocurrencies grapple with an uncertain future, predicting the trajectory of a presale project could be more straightforward. ScapesMania emerges as a thoughtfully crafted gaming ecosystem with DAO governance features. 

By giving control back to the community, it empowers holders to shape the project’s future and reap the benefits of its performance within a multi-billion-dollar industry.

The Ingredients of ScapesMania’s Potential

Fueled by a blend of features, cutting-edge technology, an award-winning team, and a forward-thinking vision, ScapesMania could be a promising opportunity. The allure of presale discounts and sales stage bonuses adds an extra layer to the project’s attractiveness.

Backed by an acclaimed developer team, ScapesMania stands for transparency: every member’s social media profile is public. This commitment to openness extends beyond mere innovation, placing the community at the forefront of the project’s priorities.

By driving customer engagement and ensuring widespread benefits through robust tokenomics and generous rewards, ScapesMania stands out as one of the projects with a promising future.

To delve into the ScapesMania presale and explore the major benefits that set this project apart, visit its official website, Twitter, and Telegram

Ripple (XRP): navigating through legal challenges and market dynamics

Ripple (XRP) is currently navigating a complex landscape marked by legal battles and regulatory uncertainties. The ongoing legal tussle with the SEC, particularly concerning the Programmatic Sales ruling, casts a significant shadow over Ripple’s future. 

Despite these challenges, Ripple has shown resilience in the market. Recent dovish comments from the Federal Reserve and the SEC’s decision to delay certain ETF application reviews have provided some support to the XRP market position.

As of the latest data, XRP has been fluctuating within a price range of $0.509 to $0.655. The 10-Days Moving Average stands at $0.611, while the 100-Days Moving Average is at $0.549. Ripple faces key resistance levels at $0.710 and $0.857, with support levels at $0.272 and $0.418.

Looking ahead, XRP’s price trajectory is likely to be influenced heavily by the outcome of its legal challenges. If the SEC decides to appeal the Programmatic Sales ruling, it could prolong legal uncertainties into 2025, potentially impacting investor confidence. 

However, XRP’s ability to maintain levels above its 50-day and 200-day EMAs indicates underlying market strength and investor optimism. A breakthrough above current resistance levels could signal a bullish trend, but a drop below key support levels might indicate a bearish turn. 

Cardano (ADA): at the crossroads of market trends and technical developments

Cardano (ADA) finds itself at a crucial juncture, with its future trajectory hinging on a mix of technical indicators, community support, and ongoing network developments. The digital asset has been on an upward trajectory since mid-October, despite facing resistance around the $0.4 mark. 

ADA’s current price range is between $0.253 and $0.318. The 10-Days Moving Average is at $0.382, and the 100-Days Moving Average is at $0.289. ADA’s support levels are at $0.150 and $0.214, with resistance levels at $0.343 and $0.408.

The coin’s future price movement is expected to be influenced by its ability to break through the $0.4 resistance level. A successful breach could pave the way for a rally towards $0.5 and potentially even $1, buoyed by growing positive sentiment. 

However, failure to overcome this resistance could lead to a loss of investor confidence and a potential sell-off, targeting lower support levels. The Moving Average Convergence Divergence (MACD) indicator and the 50-day EMA will be key metrics to watch for signs of either a bullish or bearish trend.

Bottom line

As the cryptocurrency market navigates through its current state of flux, ScapesMania, Ripple (XRP), and Cardano (ADA) each present unique opportunities and challenges. Ripple, despite legal hurdles, shows market resilience and potential for upward movement pending legal outcomes. Cardano’s future price movement is contingent on breaking through resistance levels. 

As the overall market sentiment remains bullish, there’s a promising landscape for these cryptocurrencies in 2024. ScapesMania, with its innovative approach and market readiness, has the potential to outshine its peers in the investment race and yield lucrative returns for early adopters. 

To dig deeper into ScapesMania’s proposition, visit its official website, Twitter account, and Telegram channel.

The post ScapesMania and its potential to outshine Ripple (XRP) and Cardano (ADA) in the cryptocurrency investment race in 2024 appeared first on CoinJournal.

Paxos receives two new in-principle approvals in Abu Dhabi

Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM).
The company will issue USD-pegged stablecoins as well as crypto brokerage and custody services.

Blockchain infrastructure firm Paxos has scored another regulatory milestone as it expands its reach globally.

On Wednesday, the New York-based company announced it had secured two preliminary approvals to issue stablecoins in Abu Dhabi.

Paxos regulated in the Abu Dhabi Global Market

Specifically, the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) has granted Paxos two in-principle approvals not just for stablecoin issuance, but also for crypto brokerage and custody services.

Paxos will offer these products and services via to FSRA-regulated entities. The agency will also regulate the stablecoin and tokenization company’s services offered out of the ADGM.

Today’s announcement marks yet another milestone in Paxos’ ability to provide billions of users with safe and trusted digital asset services. Our IPAs from the FSRA, on the heels of our IPA from the Monetary Authority of Singapore, solidify our commitment to pursuing international growth through regulated frameworks,” Walter Hessert, head of strategy at Paxos, said.

Paxos has partnerships with PayPal, Mastercard, Nubank, Bank of America Mercado Libre, and Societe Generale among other crypto and financial industry players. The company issues various US dollar pegged stablecoins, including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG).

In February, the company terminated its relationship with Binance over the branding and issuance of Binance USD (BUSD). This followed an order from the New York Department of Financial Services (NYDFS).

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Duelbits announces partnership with football star Luis Suarez

Duelbits has announced a strategic alliance with Luis Suarez, a Uruguayan national team and former Liverpool and FC Barcelona star.
The online casino and sports betting platform will use the partnership in a brand campaign across the globe.
Duelbits has partnerships with Aston Villa and the Argentina national team.

Duelbits, a crypto sportsbook and online casino platform, has announced a partnership with football star Luis Suarez.

According to details shared with CoinJournal, the partnership is part of Duelbits’ global expansion and will see Suarez champion the platform’s campaigns. 

Duelbits will use Suarez’s image in its brand campaigns as they celebrate the former FC Barcelona, Liverpool and Atletico Madrid striker’s remarkable career, the company said in the press release.

Suarez, who currently plays for Gremio in Brazil, is a Champions League and Copa America. The Uruguayan also played for Ajax. He has scored more than 500 goals in professional matches, winning the Golden Boot twice.

“Joining forces with Duelbits is a proud moment for me. It’s more than a partnership; it’s a shared vision of excellence and trust. I look forward to what we will achieve together,” Suarez said in a statement.

Duelbits to offer $100 welcome offer

Launched in 2020, Duelbits has seen its footprint in the crypto casino and sportsbook industry. The deal with the football star adds to other landmark collaborations, including with Argentina’s national team and English Premier League’s Aston Villa.

The betting platform will mark the strategic alliance with a $100 welcome offer to new members, with its CEO, Marco Pinnisi, saying the company is keen to push crypto betting to the next level.

“We are ecstatic to welcome Luis Suarez to the Duelbits family. His unparalleled achievements and our platform’s promise of an exceptional betting experience are a perfect match. We’re paving a new path for the future of crypto gambling together,” Marco Pinnisi said.

According to details on their website, Duelbits supports several deposit methods. Other than PayPal and Visa, supported crypto include Bitcoin (BTC) Ethereum (ETH) and Litecoin (LTC) among others.

The post Duelbits announces partnership with football star Luis Suarez appeared first on CoinJournal.

SHIB burn rate soars, PEPE market cap nears $500M, as Memeinator token presale thrives

Shiba Inu has removed over 260 million tokens in the past 24 hours.
PEPE Coin’s market cap approaches $500 million.
Memeinator’s MMTR token presale gains traction, featuring regular price increases.

There have been significant developments in the world of meme coins with Shiba Inu (SHIB) witnessing a remarkable surge in burn rate, PEPE Market Cap approaching $500 million, and Memeinator’s MMTR token gaining momentum during its presale.

In this article, we delve into the latest occurrences surrounding Shiba Inu (SHIB), PEPE Coin, and the Memeinator (MMTR) token.

SHIB burn rate skyrockets by 20,000%

The Shiba Inu (SHIB) community is abuzz with the recent surge in token burn rate. According to data on the Shibburn website, SHIB’s burn rate skyrocketed by a staggering 20,000%, resulting in the removal of over 260 million tokens in the past 24 hours.

This record-breaking burn rate, unseen in the last two months, underscores the commitment to reducing the token supply.

However, despite the remarkable burn rate, SHIB’s price has yet to reflect substantial gains, currently consolidating with a 5% decrease on a weekly basis.

PEPE market cap approaches $500 Million

In a separate development, Pepe Coin (PEPE) has surged back into the limelight, with its market cap approaching a formidable $500 million. Following a downtrend, PEPE witnessed a remarkable revival in October 2023, doubling its market capitalization. At press time, the meme coin’s market cap was $458,176,826 according to data from Coinmarketcap.

The coin’s unique features, including a deflationary mechanism and redistribution system, contribute to its appeal.

As PEPE continues to attract attention, experts speculate on potential future price increases, with the advancement of the Shibarium layer-2 blockchain solution considered a key factor.

Memeinator MMTR token presale thrives

Meanwhile, the Memeinator project is making waves with its MMTR token presale. Leveraging cutting-edge technology, AI insights, and a mission to eliminate subpar memes, Memeinator aims to be the ultimate meme coin.

During its presale, MMTR token prices are experiencing regular increases every few hours, contributing to the token’s momentum. The project also introduces innovative products like the Memescanner and the Memeinator game, adding utility beyond the meme trading space.

For those eager to participate in the Memeinator MMTR token presale, the process is straightforward; connect your wallet, select a payment method from available networks, such as Ethereum or Binance Smart Chain, or use a card for payment, and buy your MMTR.

Those who purchase the MMTR tokens during the presale can claim their tokens at the end of the presale using the same wallet used for the purchase. Details for the collection will be communicated closer to the end of the presale in Q4 2023.

Adding to the rising MMTR price, Memeinator regularly runs competitions that are open to anyone, including flagship competitions for MMTR token holders. For more information about Memeinator and its presale, visit the official website here.

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Shifting Tides in Crypto: A Groundbreaking Force Challenges Established Giants

A transition is underway in the digital asset arena as BorroeFinance ($ROE), a developing innovation, emerges as a contending force against top crypto coins. Meanwhile, Ethereum (ETH) slid following speculations about a possible delay in approving a spot Ethereum ETF. Decentraland (MANA), on the other hand, gained upside momentum amid increasing market volatility.

How is BorroeFinance ($ROE) challenging these top altcoins? Let’s find out!


BorroeFinance Takes The Crypto Space By Storm

BorroeFinance ($ROE) is the new force causing an upheaval in the crypto space. As a dynamic innovation with remarkable prospects, investors are flocking into the BorroeFinance ecosystem, having witnessed $ROE’s presale growth. 

Beyond its physical attributes, BorroeFinance ($ROE) offers institutional investors several opportunities to make money.

BorroeFinance is an AI-powered funding marketplace that operates within the decentralized finance landscape with Web3 capabilities. Its role in the DeFi space makes it one of the top DeFi projects, making rounds in the industry. BorroeFinance helps modern-day content creators transform their future earnings into cash.

It offers a platform where future earnings are converted into non-fungible tokens, which are tradable at discounted prices on primary and secondary markets. BorroeFinance’s latest success is readable in its ongoing presale, during which the price of $ROE has risen significantly. 

Presently, $ROE is preparing for an upsurge from its second presale stage price of $0.015 to $0.0175, indicating a potential 16.6% increase.


SEC May Delay Spot Ethereum ETF Approval Due To Binance’s Case

On November 26, Andrei Jikh, a renowned YouTuber and prominent figure in the finance world expressed his perception of the Binance tragedy on approving a spot in Ethereum ETF. 

Andrei reiterated the news, alluding to the deal Changpeng Zhao, the ex-CEO of Binance, made with the US Department of Justice involving a fine of $4.3 billion and his resignation. The issue has sparked overwhelmingly dissimilar views from industry participants.

Andrei declared a positive future for ETH, highlighting the eventual approval of the highly anticipated spot Ethereum ETF. 

However, he noted that the process may take longer now as the US government moves to expose previously perpetrated crimes involving cryptocurrencies through the Binance bust. Andrei recommended moving personal assets away from Binance until the situation blows over.

Meanwhile, Ethereum (ETH) has steadily risen during the week, from $2011 to $2048. Based on these figures, the percentage gained on the Ethereum (ETH) price equates to 1.82%. Experts shared forecasts of Ethereum (ETH) shortly.

As ETH recently broke past the $2,000 region, pundits claimed this move could soon boost ETH to $2,400. To achieve this price level requires a 17.1% increase in the price of ETH. Ethereum (ETH) is exchanging hands at $2,048.

Decentraland Rose 23% Despite Volatile Market

Decentraland (MANA) reappeared under the radar after a crypto user called attention to its stealth growth in November. In particular, Kevin Cryptonomist, a cryptocurrency analyst, spotlighted the impressive growth of the metaverse token in November despite being in a seemingly passive phase. 

Kevin captured the price development of Decentraland (MANA) in a post on November 25.

He noted that Decentraland (MANA) had gained 23.03% in November. During this period, MANA rose from $0.363 to $0.447. This price increase occurred amid raging volatility in the crypto market.

Due to this volatility, experts presume MANA may experience difficulty as uncertainty surrounds Decentraland. However, they expect MANA to hit $0.48 by November 30. Reaching this price level could see Decentraland (MANA) grow 7.38% from $0.447.

Learn more about BorroeFinance ($ROE) here:

Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter

The post Shifting Tides in Crypto: A Groundbreaking Force Challenges Established Giants appeared first on CoinJournal.

New altcoin steals the show as Bonk surges on KuCoin listing and Dogecoin’s on-chain rises

Bonk (BONK) price rising after KuCoin listing.
Dogecoin’s on-chain activity resurges.
Additionally, Dogecoin’s DOGE-1 mission to the moon has been approved.

Recent meme coins’ developments have stirred excitement and intrigue among cryptocurrency investors and enthusiasts alike. This news update covers the notable surge in Bonk (BONK) following its listing on KuCoin, the approval of the Dogecoin-funded DOGE-1 Mission to the Moon, and the resurgence of Dogecoin (DOGE) with a surge in on-chain activity.

Additionally, we delve into the ongoing presale of Shiba Memu (SHMU), a unique meme token with self-sufficient marketing capabilities.

Bonk (BONK) soars on exchange listing

Cryptocurrency investors witnessed a remarkable surge in the price of Bonk (BONK) as it jumped following its listing on the crypto exchange KuCoin.

At the time of writing, BONK had risen by 18% in the last 24 hours, reaching $0.00000451.

The KuCoin listing announced through a tweet by Bonk, triggered increased liquidity and accessibility for users and investors. The listing celebration includes a campaign with a BONK prize pool worth $58,000 for qualified users, fostering further engagement within the community.

Dogecoin’s moon mission DOGE-1 gets NTIA approval

In another groundbreaking development for meme coins, the Dogecoin-funded DOGE-1 Mission to the Moon has achieved a significant milestone by receiving approval from the National Telecommunications and Information Administration (NTIA).

This clearance is a crucial precursor to obtaining the final Federal Communications Commission (FCC) license, addressing the X-Band and S-Band communications for the satellite. Set to launch on December 23 as part of Astrobotic’s Peregrine Mission One, the mission marks a collaborative effort with payloads from prestigious entities, including NASA.

Dogecoin’s on-chain activity surge

In addition to the positive news about its moon mission, Dogecoin (DOGE) is also experiencing a resurgence in popularity, marked by a notable increase in on-chain activity.

According to on-chain analytics firm IntoTheBlock, the number of addresses holding Dogecoin has surpassed five million, reaching a new peak of 5.11 million addresses.

The surge is accompanied by a doubling of active addresses, reaching 168,000—the highest since March 2022. Confirmed transactions on the Dogecoin blockchain have spiked, experiencing a remarkable 1,000% increase in the past 10 days. Despite a recent price decline, the heightened on-chain activity indicates growing interest from institutional investors and large holders.

Shiba Memu (SHMU): the new meme coin disrupting the market

Shiba Memu (SHMU), though a new meme coin, stands out with its self-sufficient marketing capabilities powered by AI technology. Currently, in the presale phase, Shiba Memu aims to revolutionize meme token marketing by creating its own strategies and engaging with users directly through an innovative AI dashboard.

The presale is coming to an end in the next 30 days, and potential investors should take note of the unique pricing mechanism – the SHMU token price increases every few hours during this presale period. The project’s whitepaper outlines ambitious plans, including the launch of an AI marketing dashboard, integration with decentralized applications, and continued development for long-term growth.

For more information about the Shiba Memu presale, you can visit their official website here.

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