Day: January 9, 2024

BitPay expands crypto offerings; now supports for UNI, BNB, LINK, and More

BitPay expands crypto support, adding UNI, BNB, LINK, CRO, VERSE, BAT to its roster.
CEO Stephen Pair underscores commitment to user-friendly crypto payments.
Users to enjoy versatile options, from luxury purchases to practical expenses.

BitPay, initially established as a Bitcoin-focused payment startup, has broadened its horizon beyond Bitcoin (BTC) by adding support for “dozens” of additional cryptocurrencies. Notable tokens like Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE, and Basic Attention Token (BAT) are now included in the platform’s extensive list of supported digital assets.

CEO Stephen Pair emphasized the company’s dedication to simplifying crypto payments, aiming to make them accessible to a broader audience. This strategic move aligns with the evolving demands of the digital currency market, showcasing BitPay’s commitment to user diversity and the need for greater accessibility in the crypto landscape.

This expansion caters to a growing trend within the web3 space, where companies are increasingly embracing a range of digital tokens beyond Bitcoin. Recognizing the importance of user choice and accessibility, BitPay is positioning itself as a leader in the evolving digital economy.

Versatile crypto payment solutions

BitPay’s commitment to inclusivity extends beyond mere token support. Users can now leverage their cryptocurrencies for a variety of purposes, from purchasing goods at renowned merchants like Gucci and Ralph Lauren to practical expenses such as car and mortgage payments. The company’s portfolio continues to expand with added support for tokens like Cronos and Basic Attention Token, further enhancing the utility of digital assets in everyday transactions.

BitPay’s strategic expansion into supporting a wide range of cryptocurrencies signifies a pivotal milestone. The move caters to the diverse preferences of crypto users, positioning BitPay as a pioneering player ready to shape the future of digital transactions.

The post BitPay expands crypto offerings; now supports for UNI, BNB, LINK, and More appeared first on CoinJournal.

The potential rise: how these two tokens might eclipse XRP during the upcoming bull market

XRP surged in price as Wall Street eyes XRP Spot ETF. 
A new meme coin raises $1 million in ongoing presale, becoming the best ICO.
TRON (TRX) gained in price as it leads the list of top 10 blockchains. 

Ripple (XRP) is on its way to gaining more value as Wall Street makes important plans for the coin. Meanwhile, a new meme coin has emerged as the top ICO after raising $1 million in presale while the TRON (TRX) community also received good news before the end of the year. 

Let’s review the latest about XRP, TRX, and the new meme coin to find the top crypto coins to invest in!

XRP soars in price as Wall Street eyes a spot XRP ETF

When a false claim about BlackRock filling for an XRP Spot ETF went viral, XRP’s value spiked. After that incident, Wall Street investors realized that there was a great demand for a spot XRP ETF. 

On December 17, 2023, Yassin Mobarak, the founder of Dizercapital, sparked an intense discussion about the need for an XRP Spot ETF. Since no institution has filed for an XRP Spot ETF yet, Mobarak said in his tweet that the field is wide open. 

After the tweet, Ripple’s native token gained 4.7% in two weeks. XRP from Ripple went from trading at $0.6096 to $0.6386. According to XRP price prediction, Ripple could increase by 72.2% in 2024. 

If the market stays bullish, Ripple will be trading at $1.10 by the end of 2024. However, the price of Ripple’s native token can also be affected by bearish trends. In that case, Ripple will be trading at $0.9067 per XRP by the end of 2024. 

$RBLZ raises $1M, plans to target centralized systems

Rebel Satoshi is a new meme coin that aims to challenge centralized systems with the help of rebels. Rebel Satoshi intends to build a community of underdogs to target the systems that only favour the elite. 

The native token from Rebel Satoshi is $RBLZ and is selling out quickly in its presale. Currently, $RBLZ is in the Citizens Round 3 stage of the presale. Each $RBLZ token is priced at $0.02. Once Rebel Satoshi officially launches, early investors of $RBLZ will get a 150% return on investment. 

$RBLZ investors will also get to enjoy exclusive benefits as well as the chance to contribute to the Rebel Satoshi ecosystem. When Rebel Satoshi launches on DEX, $RBLZ will begin trading at $0.025. 

So far, Rebel Satoshi has raised $1 million in the ongoing presale. $RBLZ has established itself as the top ICO of 2023 after smashing records in its presale. 

February 2024 has been picked as the launch month of Rebel Satoshi. So, time is running out, and those who wish to join the $RBLZ presale should act now. You can now use Bitcoin and 50 top altcoins to sign up for the $RBLZ presale. 

TRX surges after TRON achieves a new milestone

On December 22, 2023, CryptoRank released the Top 10 Blockchains by 30-Day Active Users. TRON was leading the list with 43 million users. The news showed the growth of TRON as a blockchain. It also helped improve the price of TRX, the native token from TRON. 

TRX gained 2.5% in value after CryptoRank released the top 10 blockchains. TRX went from trading at $0.1041 to $0.1068. TRON coin price prediction suggests that TRX could gain 74.7% in value by the end of 2024. 

If the market sentiments turn bullish, TRX will reach its maximum predicted price of $0.1847 by the end of 2024.

However, if the market gets affected by bearish sentiments, then the price of TRON will also be impacted. The expected minimum price of TRON’s native token for 2024 is $0.1496. 

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

The post The potential rise: how these two tokens might eclipse XRP during the upcoming bull market appeared first on CoinJournal.

Gensler issues warning ahead of SEC’s Spot Bitcoin ETF decision

Spot Bitcoin ETF applicants strategically adjust fees ahead of potential SEC approval.
Invesco, Valkyrie, and WisdomTree reduce costs to attract investors.
Gensler’s cautionary note; SEC emphasizes risks in cryptocurrency investments, warning of unique challenges.

As the crypto community eagerly awaits the SEC’s decision on Spot Bitcoin ETFs, recent developments have intensified the competition among ETF providers.

In the midst of the hype, Gary Gensler, the SEC Chairman, has issued a cautionary message, emphasizing the risks associated with cryptocurrency investments. The warning comes amid a flurry of activity from ETF applicants, with some dropping proposed management fees.

The stage is set for a potential revolution in the crypto landscape, but Gensler’s words serve as a stark reminder of the challenges that lie ahead.

Spot Bitcoin ETF applicants compete to slash fees

Various ETF providers are vying for approval of their Spot Bitcoin ETFs, anticipating a green light from the SEC. In a bid to attract investors, providers like Invesco, Valkyrie, and WisdomTree have slashed their proposed management fees. Invesco dropped its fee to 0.39% annually, while Valkyrie and WisdomTree reduced theirs to 0.49% and 0.2%, respectively.

The strategic fee adjustments aim to stand out in a crowded field and potentially lure investors into what is becoming a highly competitive landscape.

This fee-cutting frenzy extends beyond mere reductions, with WisdomTree going a step further by announcing a fee waiver for the initial $1 billion in assets under management. This bold move appears to be a marketing tactic, creating a sense of FOMO (fear of missing out) around WisdomTree’s ETF launch.

Other providers, including Bitwise, ARK/21Shares, Invesco, and iShares (BlackRock), are also adopting similar strategies, offering lower or zero fees for the first months or tranches of AUM.

Gensler’s cautionary note: emphasis on investor protection

Amidst the excitement surrounding potential Spot Bitcoin ETF approvals, Gary Gensler has reiterated the SEC’s concerns about cryptocurrency investments. Quoting a SEC article, Gensler warned potential investors to exercise caution, emphasizing the unique risks associated with crypto securities.

If you’re considering an investment involving crypto assets, be cautious.

Crypto asset securities may be marketed as new opportunities but there are serious risks involved.

Read @SEC_Investor_Ed‘s Director Take:

— Gary Gensler (@GaryGensler) January 9, 2024

Gensler’s message serves as a sobering reminder to market participants, urging them to thoroughly research and evaluate the risks before diving into the world of cryptocurrencies.

The juxtaposition of the heated fee completion and Gensler’s regulatory caution sets the stage for a pivotal moment in the crypto space. As the SEC’s decision looms, market participants are waiting with bated breath to see whether the SEC will approve or deny the spot Bitcoin ETF applications. If approved, the price of Bitcoin could see some major upward swings and if denied the opposite could be the case.

The post Gensler issues warning ahead of SEC’s Spot Bitcoin ETF decision appeared first on CoinJournal.

TRON Exceeds Bitcoin in Daily Active Addresses

Surprisingly, TRON takes the top spot on the list of cryptocurrencies with the most active daily addresses, with 1,643,580.
It is followed by Bitcoin, which has 867,570 active addresses.
In third place is Litecoin with 754,272 active daily addresses.

Cryptocurrencies are always on the move, constantly changing and evolving. They’re often compared to the wild west of finance, breaking away from the rules of traditional markets. 

A new analysis by CoinJournal.net utilised the most recent data available to reveal the cryptocurrencies with the highest average of daily active addresses, either as a sender or receiver of the crypto in question. 

The snapshot from December 5, 2023 unveils an intriguing development—TRON outperformed Bitcoin in terms of worldwide daily user engagement.

Rank
Cryptocurrency
Active address count

1
TRON
1,643,580

2
Bitcoin
867,570

3
Litecoin
754,272

4
Ethereum
478,541

5
Stellar
109,897

6
Dogecoin
99,677

7
Bitcoin Cash
93,186

8
Cardano
45,483

9
USD Coin
33,920

10
Ripple
28,201

11
Ethereum Classic
15,472

12
Chainlink
5,021

13
Internet Computer
4,448

14
Dai
2,756

15
Wrapped Bitcoin
1,959

 

1. TRON (TRX)

At the forefront of blockchain activity on December 5, 2023, was TRON with an impressive 1,643,580 daily active addresses. The TRON network, known for its high throughput and decentralised applications, attracted a substantial user base actively engaging with TRX tokens.

2. Bitcoin (BTC)

Bitcoin, the pioneer of cryptocurrencies, maintained a robust presence with 867,570 daily active addresses. Despite its relatively lower throughput compared to some altcoins, Bitcoin’s widespread adoption and recognition ensured a substantial user base actively transacting on the network.

3. Litecoin (LTC)

Litecoin secured the third position with 754,272 daily active addresses. Known for its faster block generation time compared to Bitcoin, Litecoin’s user-friendly features and efficient transaction processing contributed to its significant presence in daily blockchain activity.

4. Ethereum (ETH)

Ethereum, the pioneer of smart contract functionality, boasted 478,541 daily active addresses. The Ethereum network’s versatility and wide range of decentralised applications facilitated a diverse set of users actively participating in transactions.

5. Stellar (XLM)

Stellar claimed the fifth spot with 109,897 daily active addresses. Focused on facilitating cross-border payments and bridging traditional finance with blockchain, Stellar attracted users seeking fast and low-cost transactions.

Max Coupland, the director of CoinJournal, comments, “The cryptocurrency landscape, characterised by its dynamic nature, has long been dominated by the legacy and influence of Bitcoin. However, TRON’s unexpected triumph signals a potential shift in user preferences and highlights the evolving demands within the crypto community. While Bitcoin continues to command a substantial user base and remains a symbol of decentralised finance, TRON’s surge suggests that users are increasingly seeking platforms that provide more than just a store of value.”

 

The post TRON Exceeds Bitcoin in Daily Active Addresses appeared first on CoinJournal.

Bitget Report 2023: Remarkable 94% Surge in Spot Trading, Accompanied by a 110% Spike in BGB Volume

Victoria, Seychelles, January 9th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, unveiled its Bitget Transparency Report 2023 today. Amidst a cryptocurrency market that experienced both turbulence and breakthroughs in the past year, Bitget demonstrated impressive resilience and growth. In 2023, the platform witnessed a remarkable 94% surge in spot trading volume and a substantial 110% increase in BGB trading volume.

Business performance highlights:

Despite market challenges, Bitget’s overall yearly trading volume reached $3.14 trillion as year-on-year spot trading volume surged by 94%.
Bitget Token (BGB) saw exceptional growth of 291% in price and a 110% increase in trading volume, with prices breaking out of the ATH level multiple times last year.
Made strategic investments, including a $30 million investment in BitKeep, and established the EmpowerX Fund and Web3 Fund with $100 million capital each to expand the ecosystem.
Launched Blockchain4Youth project worldwide with $10 million allocated funding.
Registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania

According to the report, Bitget thrived with a total trading volume exceeding US$3.14 trillion. Notably, spot trading volume surged to US$81.6 billion, marking an impressive 94% increase despite market turbulence. Bitget’s user base flourished, reaching 20 million, supported by a dedicated team of 1,500 staff members. The platform also experienced a peak of 13.6 million monthly visits in May 2023.

Furthermore, the platform’s proactive listing strategy resulted in the addition of 355 new listings, marking an impressive 46% year-on-year increase. This has elevated Bitget’s offerings to encompass over 600 tokens and 700 spot trading pairs, underlining our commitment to asset diversity.

This expansion also sparked increased demand for BGB, Bitget’s native token, which experienced remarkable growth, achieving a record-breaking all-time high price of 0.70499 USD, representing a remarkable 291% increase from its value at the beginning of 2023. The surge in BGB holders, reaching nearly 217,000 by the end of 2023, and a substantial rise in its trading volume can be attributed to the introduction of new features, developments in launchpad and launchpool, compliance achievements, and its continuous efforts to enhance Bitget’s trading services and ecosystem.

Gracy Chen, Managing Director of Bitget, states: “In 2023, marked by its unpredictable pace and market fluctuations, Bitget achieved notable milestones. We are pleased to unveil our Bitget Transparency Report, which highlights significant growth in both our user base and trading volume to the world. Additionally, we expanded our business operations and fortified our compliance measures, solidifying our position in the cryptocurrency industry. These accomplishments underscore our commitment to providing top-notch services and our unwavering dedication to the crypto community. We look forward to the opportunities that lie ahead as we persist in driving innovation within the cryptocurrency space.”

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

 

Contact

Rachel Cheung
media@bitget.com

The post Bitget Report 2023: Remarkable 94% Surge in Spot Trading, Accompanied by a 110% Spike in BGB Volume appeared first on CoinJournal.

Bitget lists Rich Rabbit (RABBIT) tokens in Innovation Zone and Launchpool

Victoria, Seychelles, January 9th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company has announced the listing of Rich Rabbit’s native token RABBIT a meme token trending as the next Dogecoin. The listing of RABBIT in the Innovation Zone allows users to easily trade WEB3 small-cap tokens on the Bitget platform. To support a new token listing, users can grab a share of 1,818,180 RABBIT with ongoing Launchpool promotions.

RABBIT is a space-themed meme coin, but aspires to become the premier crypto community for space enthusiasts. RABBIT collaborates with JDI, OneWeb, and Iridium to apply blockchain technology to space.

As the first meme coin based on mining for space exploration, Rich Rabbit ecosystem is committed to building decentralized wireless networks. The platform offers hardware and software products and services. Rich Rabbits is a hot spot manufacturer of helium miners and are working on offering applications that remotely manage IOT and 5G hotspots on blockchain.

“Emerging technologies can drive growth of research and development in space exploration and we’re glad to bring more exposure to projects aiming towards the same. Bitget’s launchpool is designed to give better accessibility to WEB3 users to capture small cap, high potential tokens, ” said Gracy Chen, Managing Director at Bitget.

Bitget’s innovation zone listing and launchpool promotion facilitate improved accessibility to promising projects, providing users with exclusive entry to highly valuable digital assets in the industry. The inclusion of RABBIT in Bitget’s innovation zone helps users engage in the initial launch phases of the token.

Tailored for the trading of new token offerings, the innovation zone primarily focuses on the new (initial) listing of trending tokens. A 60-day valuation period is allotted for all newly listed pairs in the zone. Regular reviews of newly listed tokens are conducted to ensure compliance with Bitget’s platform standards, encompassing factors such as trading volume, liquidity, team, project development, and other criteria essential for maintaining active listing status.

Bitget users have the option to purchase trending and newly listed tokens, like RABBIT, using debit/credit cards, bank transfers, and various other multi-currency payment methods.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

 

Contact

Rachel Cheung
media@bitget.com

The post Bitget lists Rich Rabbit (RABBIT) tokens in Innovation Zone and Launchpool appeared first on CoinJournal.

Pullix (PLX) outlook as BTC soars, investors savour bullish market

Pullix (PLX) presale price has increased to $0.08 in stage 6.
Meanwhile, the broader crypto market outlook is bullish amid anticipated Bitcoin ETF approval.
As Bitcoin looks to break higher, analysts say altcoins could follow.

With investors in an extremely bullish mood, top altcoins led by Ethereum are looking to strengthen their latest upside momentum. 

Pullix, whose presale has surpassed the $3.2 million mark as investors take an early position, is also poised as it eyes its market debut.

Altcoins surge as BTC price retests $47k level

Bitcoin’s price saw a remarkable move on Monday as it soared more than 5% to break to the $47,000 level. The upside came as the crypto market increasingly became convinced the US Securities and Exchange Commission (SEC) is set to approve the US market’s first spot Bitcoin ETF.

This latest bullish flip coincided with the SEC Chair Gary Gensler’s comment on the potential risks of investing in crypto.

A thread 🧵

Some things to keep in mind if you’re considering investing in crypto assets:

— Gary Gensler (@GaryGensler) January 8, 2024

The broader reaction saw BTC pull altcoins higher, with Ethereum boosted to above $2,300, BNB above $310 and Solana swinging past the psychological $100 level.

While prices have seen a correction in the past 24 hours, with BTC back to $46,500 and ETH to $2,300 levels, crypto analyst Michael van de Poppe says ETF sentiment remains the main catalyst this week. He expects Bitcoin to hit prices in the $48k to $51k range on approval, while altcoins could see a late flourish. He also says dips are for buying.

Pullix presale heats up amid bullish market

The drive behind Pullix (PLX) token sale is its technology and what it could mean for the crypto trading industry, and DeFi in particular, in 2024 and beyond.

Set to mark its entry in the market after its presale, Pullix will offer a hybrid exchange platform designed to offer the best of both centralised and decentralised exchanges. Importantly, given the recent hiccups around exchanges such as FTX and Binance, Pullix promises a non-custodial exchange where users remain in complete control of their assets.

Investors eyeing the potential impact of Pullix in the ecosystem see its presale as a perfect phase to make an entry. That and the expected bull run mean buying PLX today could be a smart move. Pullix has so far raised $3.2 million in its PLX token sale.

PLX price prediction

Currently, PLX is priced at $0.08 in stage 6 of the presale. The PLX price at the start of the presale was $0.04, which means first stage buyers are looking at a potential 100% upside were the token to launch in the market today. Fortunately, the presale is ongoing, with a small amount of the 60% of total supply available for presale still up for grabs.

When the presale phase ends, Pullix will go live on trading platforms. Apart from its fundamental strengths, momentum seen across the market could be key to catapulting PLX higher. 

If you are looking to invest in this token, add your own due diligence. You can visit the Pullix website for more details about its hybrid exchange and tokenomics.

The post Pullix (PLX) outlook as BTC soars, investors savour bullish market appeared first on CoinJournal.

Grayscale’s GBTC tops ETFs, Standard Chartered bullish on BTC, Meme Moguls trending in BTC ETF buzz

Standard Chartered forecasts $200K Bitcoin by late 2025, banking on ETF approval.
Grayscale’s GBTC outpaces 99% of ETFs, trading close to half a billion dollars.
Meme Moguls, a meme-backed stock market, enters the crypto space with presale buzz.

As the crypto world buzzes with anticipation over the potential approval of spot Bitcoin ETFs in the US, major players are making bold predictions. Standard Chartered forecasts a staggering $200,000 target for Bitcoin by late 2025, contingent on ETF approval.

Simultaneously, Grayscale’s Bitcoin Trust (GBTC) is making waves, outpacing the majority of ETFs in trading volume. Amidst this, a new player, Meme Moguls, is poised to capitalize on the ETF momentum.

Standard Chartered’s $200K Bitcoin projection with ETF approval

Standard Chartered, a banking giant, has made a striking projection for Bitcoin’s future. The multinational firm predicts a potential surge to nearly $200,000 by late 2025, riding on the approval and success of Bitcoin exchange-traded funds (ETFs) in the US. This optimistic forecast, shared on X by Entrepreneur and Bitcoin investor Lark Davis, is underpinned by the belief that spot Bitcoin ETFs could attract significant inflows, ranging from $50-100 billion in 2024.

The bank’s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper base this projection on the assumption that US-listed spot Bitcoin ETFs could hold a substantial amount of Bitcoin by the end of 2024, potentially multiplying its current price by 4.3 times. Kendrick and Cooper draw parallels with the growth trajectory of gold exchange-traded products, envisioning a more rapid ascent for Bitcoin given the expected faster development of the BTC ETF market.

Grayscale’s GBTC outpaces ETFs in trading volume

While Standard Chartered makes forward-looking predictions, Grayscale’s Bitcoin Trust (GBTC) has already demonstrated significant prowess.

According to industry expert Eric Balchunas, GBTC traded close to half a billion dollars on January 8, surpassing over 99% of the approximately 3,000 existing ETFs. Balchunas points out that if spot Bitcoin ETFs get approved, Grayscale will enter the market with substantial trading volume, giving it a significant advantage over its competitors.

$GBTC traded close to half a billion today, which is more than 99% of the 3000 current ETFs, and reminder that they are bringing a (volume) gun to a knife fight if they launch with everyone else. That said, the 1.5% fee will act as a repellent. Another fascinating sub-plot. pic.twitter.com/506EG3PR7t

— Eric Balchunas (@EricBalchunas) January 8, 2024

Meme Moguls seizing the opportunities amid the ETF buzz

In the midst of the ETF buzz, a newcomer is entering the arena – Meme Moguls. This platform positions itself as the world’s first meme-backed stock market/exchange. As the crypto community eagerly awaits the potential approval of spot Bitcoin ETFs, Meme Moguls aims to capitalize on the growing interest in the cryptocurrency market.

The Meme Moguls ecosystem is powered by the Meme Moguls Governance Token ($MGLS), featuring diverse meme-inspired assets and engaging community-driven features like a casino, trading platform, fantasy trader, and a metaverse world named Mogul Land.

Meme Moguls is currently in the presale stage of its MGLS token, offering participants an opportunity to get involved in the world of meme trading and potentially become part of a groundbreaking utility-based memecoin. With a $10,000 giveaway at the end of each presale stage and ambitious plans to create 100 millionaires within the first three months of launch, Meme Moguls is setting high expectations.

In the presale’s current stage, participants can access $MGLS for $0.0027, with a total supply of 3 billion tokens. Analysts predict substantial growth for $MGLS, aligning with the overall bullish sentiment in the cryptocurrency market.

Conclusion

In this dynamic landscape, where traditional financial institutions make ambitious forecasts, established entities like Grayscale showcase real-time strength, and emerging platforms like Meme Moguls strive to carve their niche, the crypto market remains an ever-evolving space.

As the spotlight remains on the potential approval of spot Bitcoin ETFs, these developments mark significant steps in the maturation of the cryptocurrency ecosystem.

The post Grayscale’s GBTC tops ETFs, Standard Chartered bullish on BTC, Meme Moguls trending in BTC ETF buzz appeared first on CoinJournal.

$JTC Network, a New Layer 1 Blockchain Focused on Legal Enforcement, To List On BitMart Exchange

Chicago, Illinois, January 9th, 2024, Chainwire

$JTC, the native token of a legal recourse Bitcoin branch, is soon to be listed on BitMart.

The highly anticipated $JTC listing on BitMart has been confirmed. The coin will be listed at 10AM UTC on 09/01.

The listing announcement earlier in December brings the crypto industry one step closer to accessing the same legal remedies available in mainstream finance. The listing is a significant milestone as it means the JTC blockchain’s native crypto will be available on an exchange that handles billions of dollars in volume daily and serves customers worldwide. Users will be able to trade $JTC on BitMart with a USDT pairing.

BitMart Confirms JTC Listing on Its Official X Profile

The BitMart listing comes after almost two years of development to integrate the $JTC coin with official state and federal court systems. For the past two years, the Jurat ecosystem has been undergoing a series of developments, including the launch of JTC Ordinals, the onboarding of legal firms and attorneys to mine the JTC blockchain, and the growth of the online community that now has thousands of members across X, Telegram, and Discord.

The decision to list on BitMart has given $JTC massive market access as the exchange has over two million users and operates in 180 countries. According to CoinMarketCap, BitMart’s 24-hour trading volume fluctuates between $1-2 billion and has over 700 trading pairs.

$JTC: The Multi-Utility Crypto Bringing Legal Recourse to the Blockchain

$JTC is the native cryptocurrency of the JTC blockchain, which was created as a branch of Bitcoin on January 8, 2022, at Block Height 717808. When the JTC branch was implemented, all $BTC wallets were mirrored, meaning anyone who held $BTC before the branch date is eligible to claim $JTC at a 1:1 ratio.

Similarly to $BTC, new $JTC tokens are created through mining on a Proof-of-Work blockchain, with the supply also being limited to 21 million. The miners on the JTC blockchain are attorneys and legal firms that have joined due to their interest in contributing to a legally advanced version of Bitcoin.

Among the group of Jurat Attorney Miners is Jeremy Hogan, a prominent figure within the Web3 regulatory space, and practicing lawyer at Hogan & Hogan.

Jurat connects the blockchain with existing legal procedures in state and federal courts. As a result, it brings legal recourse to cryptocurrency transactions without requiring the existing legal systems to make any major changes.

“The benefits of blockchain technology are vast. Just about every industry and person stands to benefit, but before $JTC, the risk of storing assets on-chain was too great for most people. How can the average person entrust their life savings to technology without legal protections?” said Kanovitz. “The BitMart listing is a key milestone for crypto’s mainstream adoption because it makes $JTC more accessible for mainstream users.”

$JTC on BitMart: Coming Soon

The $JTC listing is expected to go live in the coming weeks, with both USDT and USDC pairings being made available.

Users can follow Jurat across X, Telegram, and Discord, and be among the first to hear further updates about the listing.

About Jurat Blockchains

Jurat Blockchains is positioning itself as the leading provider of decentralized legal enforcement solutions for commercial and government users. Its technologies power $JTC, a court-connected Bitcoin ($BTC) fork with the unique abilities to charge back unauthorized transactions. Jurat technologies enable blockchain’s seamless integration with both the civil and criminal justice systems, making it attractive to businesses, regulators and those keen on tokenizing off-chain assets.

For more information, visit Jurat’s Official Website | Twitter | Medium

 

Contact

CEO
Mike Kanovitz
Jurat
mike@jurat.io

The post $JTC Network, a New Layer 1 Blockchain Focused on Legal Enforcement, To List On BitMart Exchange appeared first on CoinJournal.


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