FTX plans to buy a stake in BlockFi after previously extending an emergency line of credit.
A popular analyst known for taking deep dives into crypto projects is revealing a few altcoins that he thinks may soon be the future gems of the next bull market. In a YouTube update, the pseudonymous host of Coin Bureau known as Guy reveals that he plans to ride out the extended bear market cautiously […]
Yuga Labs, the NFT company behind BAYC and MAYC, has filed a suit against American conceptual artist and creator of NFT collection RR/BAYC, Ryder Ripps, and his partner Jeremy Cahen. Yuga Labs claims the creative director is “scamming consumers by misusing Yuga Labs’ trademarks.” Yuga Labs accuses Ryder Ripps of intentional copyright infringements In the […]
Typhon wallet on the Cardano wallet has received an upgrade that will support transactions on multiple addresses. This shows that users will now have a […]
Amid the cryptocurrency market decline, it’s clear that Bitcoin can’t be stopped despite a price drawdown.
REV3AL, a new and innovative cryptocurrency project, comes at a critical time in the crypto sector when scams and fraud are on the rise. As a solution to the hindering growth of the digital media market, REV3AL offers digital copyright protection and anti-counterfeiting solutions for artists, creators, and intellectual property owners. With its multi-layer authentication and anti-counterfeiting protocol, REV3AL hopes to play a major role in protecting digital media, on platforms such as NFT market places, gaming platforms and the metaverse. Venture capital firms and private investors have invested in REV3AL, including Alphabit Fund, NFT Technologies, Uplift, IBC, Moonstarter, and Launchpool. NEAR Protocol & Hedera Hashgraph are just two of the industry’s leading blockchain & distributed ledger technology partners REV3AL is partnering with along with major metaverse and infrastructure partners such as MetaVRse, TCG World, Utherverse, Forward Protocol, and over 50 others. The REV3AL token will be listed on the KuCoin cryptocurrency exchange, one of a select few projects to launch directly on this top-tier exchange. Among the top three crypto exchanges in the world, KuCoin boasts over 10 million registered users as well as 24/7 world-class services in investors’ preferred languages and channels. The token will go live on the Kucoin platform on June 30th. The REV3AL technology ecosystem REV3AL uses multiple dynamic authentication levels on and off-chain to deter fraudsters and prevent digital assets from being counterfeited or abused. REV3AL`s technology strategy is to develop an agnostic ecosystem and product offering for the blockchain and metaverse space and its mission is threefold. To begin with, it aims to authenticate digital media assets both on and off the blockchain. Verifying assets in the digital world, preventing counterfeit attacks, and safeguarding intellectual property. By providing simple and intuitive methods of verification, it enables creators, collectors, and marketplaces to verify the authenticity and originality of their collections, and preserves the value of the original work. Secondly, REV3AL is working on developing a secure NFT marketplace to provide NFTS and digital assets in a curated experience that includes both established and new creators, brands, and partners. Finally, through a unique and easy-to-use API, REV3AL will integrate and provide authentication to 3rd party NFT or digital media marketplaces, gaming platforms, and the metaverse. REV3AL’s security protocols and best practices will be applied to Web3 and the metaverse in a standardized and interoperable manner. REV3AL tokenomics Through a sustainable model of digital asset protection, the project utilizes the token component as a foundation for establishing and verifying the REV3AL security layers. As a result, it has methodically arranged its token metrics to achieve this objective using a deflationary model. In addition, a portion of the token allocation will support charitable projects that support the environment, youth and our community. REV3AL maintains a one billion token hard cap and the ticker for the token will be $REV3L. The token will be listed on KuCoin on June 30th. About REV3AL REV3AL has received widespread support, with a strong organic following on Twitter and Telegram and the project aims to establish itself in the ecosystem as an industry standard for digital asset media authentication tools by quality and value. The team and advisory network comprise of a broad and deep range of experts in various disciplines, such as system architecture, visual arts, cybersecurity, cryptocurrencies, software engineering, anti-counterfeiting, and graphics security. Mo Kumarsi, the CEO of REV3AL, has been integral to some of crypto’s most successful projects, such as CoinPayments and Power Ledger. Adam Russell, the project’s CRO, has over 20 years of experience in cyber safety, blockchain and XR, CPO Eric Prouty specializes in producing and launching mobile and Internet-based technologies, including those in the Web3 space, CMO Georgina Woolams-Edwards is the founder of an international marketing and PR agency with offices in London and Dubai, and CTO Bernard O’Flynn has spent most of his 26 year career building and managing product and engineering teams in the tech/fintech space. Members of the advisory board include notable figures in the blockchain industry, such as Karnika E. Yashwant, the founder of Forward Protocol and Key Difference Media, Mario Nawfal who is the CEO of NFT Technologies. As well as Alan Smithson, known as the godfather of XR, founder of MetaVRse, and Liam Robertson, founder of Alphabit Fund, a premier blockchain fund. Bottom line REV3AL users and token holders can participate in building an ecosystem of complementary technologies and partners that will play a key role in the security, and success of the web3 economy. Addressing a clear market need, giving users confidence, and supporting the rights of creators to control and profit from their original work. REV3AL community members will also have access to exclusive content on the secure marketplace as well as in future metaverse environments. They will have the option of participating in staking and purchasing tokens that can be traded on KuCoin.
In today’s market, plenty of trading platforms, including mainstream exchanges like Binance, Huobi, Bybit, and KuCoin, have introduced futures contracts. Huobi has extensive experience in futures and provides a wide range of linear/inverse contract markets. However, its market share has fallen sharply, and the platform’s user traffic is also going downhill. Bybit and Binance are both professional futures trading platforms that demand a high threshold. Bad news is that Bybit was chased out of the UK by FCA, while Binance has suffered several security breaches. Futures beginners should avoid professional-focused trading platforms with a high threshold. Instead, they should go with a platform like CoinEx that features a low threshold and simple operations. Today, we will look into the advantages of CoinEx Futures in 5 aspects. I. CoinEx Futures boasts simple, easy–to–use, convenient operations First of all, compared with professional-centered futures trading platforms like Binance and Bybit, CoinEx Futures offers simple, easy-to-use products. It aims to allow all crypto investors to trade futures with ease, moving futures trading out of the realm that’s exclusive to professional traders. With easy operations, convenient order placement, and clear position information, CoinEx users can trade futures through an extremely smooth process. Secondly, before starting to trade futures on CoinEx, users can quickly master the key takeaways through simulated operation tutorials provided by the platform, which helps them avoid the common booby traps in futures trading. In terms of functionality, CoinEx Futures provides all-inclusive, easy-to-use functions like TP & SL, Close All, and Futures Calculator, which helps users manage their positions with greater ease. II. CoinEx boasts a zero-accident record against its peers’ frequent security scandals In 2020, KuCoin suffered a serious hacking incident that incurred an asset loss of about $275 million. Apart from KuCoin, Binance, a top crypto exchange, has also been hacked several times. In 2019, over 7,000 bitcoins were stolen from the exchange. The frequent security breaches Binance has suffered jeopardize the bond of trust between this leading crypto exchange and its users in the long run. CoinEx, on the other hand, has suffered no security scandals in the 5 years since its inception, which indicates the strength of its security system. On CoinEx, all crypto assets are 100% reserved. The exchange does not misuse users’ assets for any reason whatsoever. Moreover, all withdrawals are 100% processed in time. CoinEx has also adopted multiple security strategies and established a well-rounded security system to fully protect its system and users’ assets. For example, the exchange regularly conducts penetration tests to promptly identify security loopholes and monitors any abnormal system changes in real-time. III. CoinEx boasts an all-encompassing product family that spans all crypto categories In addition to futures, CoinEx also provides many other products and services, including margin trading, AMM, mining, financial service, and CoinEx Dock. The exchange features trading sections for BTC, BCH, ETH, and stablecoins, over 500 first-rate, innovative cryptos, and nearly 1,000 trading markets. As an exchange under ViaBTC Group, CoinEx is backed by an all-inclusive ecosystem that brings together a mining pool, an exchange, a wallet, a public chain, and an institutional investor. Today, CoinEx has earned global user recognition with its fast, stable performance and smooth deposits/withdrawals. In the future, the exchange will continue to strive for a comprehensive, stable service ecosystem. IV. Backed by a tech background, CoinEx boasts years of crypto expertise According to its official introduction, CoinEx is backed by a founding team consisting of technical experts who boast rich experience in the security of systems, operations, and wallets. For instance, Haipo Yang, CoinEx’s founder, is a top-notch tech expert in the industry. During the early days, he launched ViaBTC Pool and completed all the coding. In addition, members of CoinEx’s core team all have a background in world-renowned companies that focus on the Internet or finance, including some of the earliest crypto practitioners and investors. The team has expertise in technology R&D and global operations. When it comes to technology, CoinEx independently built the world’s first 10,000-TPS trade matching engine that allows it to carry 10,000 transactions per second, running stably despite the concurrence of massive transactions. In addition, on CoinEx, deposits arrive as fast as five minutes, and small withdrawals are processed in real-time. CoinEx’s system remains steady and solid even when the trading volume surges during a bull market. V. Centering on user experiences, CoinEx keeps pushing for globalization While building a global presence, CoinEx has always prioritized product & service and user experiences. As the exchange explores international markets, it has remained committed to product development and the user-first principle. Right now, CoinEx is providing services in markets around the world 24/7. Available in 16 languages, the exchange continues to venture into new markets. It should be noted that CoinEx’s product design features an interactive experience that combines elements such as aesthetics, simplicity, smoothness, and practicality, which allows users to benefit from simple, elegant operations. This also shows that the CoinEx team has always been committed to product improvement, providing users with one-stop crypto trading services that are more satisfying and considerate. Overall, when choosing a suitable futures trading platform, apart from security, users should consider whether a platform’s products are easy to use and if its operations are convenient. In addition, they should also account for the products and services that are available on a platform to benefit from efficient, satisfying crypto trading experiences.
Billionaire Elon Musk is one of the most vocal supporters of Dogecoin. Using his platform and notoriety, Musk had been one of the major factors behind the run-up to $0.70 for DOGE in early 2021 before it began to decline. Nevertheless, the billionaire has not faltered in his support for Dogecoin and continues to be […]
Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the other cryptocurrencies at this time. However, the digital asset has now closed its first weekly green candle in three months and things are looking up. Better Days Ahead With this recovery has come a renewed interest in the digital asset. Coupled with the fact that the digital asset is now trading above its 50-day moving average, it has now solidified a bull trend for the short term. The activity on the network, though reduced, remains high enough to strike renewed faith in the heart of investors. Related Reading | Market Wallows In Extreme Fear As Bitcoin Struggles To Hold $20,000 However, there are still things that threaten the price of the cryptocurrency going on another bull rally. The Celsius debacle had been one of the major reasons behind the drawdown below $1,000 and remains a very real threat. The lending protocol which has found itself in a tight spot due to some bad trades remains at risk of being liquidated, and rumors continue to circulate that Celsius is planning to file for bankruptcy, which would mean users would not be able to get their tokens back. ETH price sees first green weekly close after three months | Source: ETHUSD on TradingView.com Additionally, Three Arrows Capital’s insolvency had hit the market hard but there is still more to come. This is because it is the leading crypto fund and as such had its hand in a large number of projects in the space, especially DeFi, the majority of which would be significantly affected by the 3AC insolvency. Ethereum To $1,500 Presently, the price of the digital asset is still trailing $1,200 but there are some things rumored in the market that will likely promote a pump in price. One of these is FTX’s supposed acquisition of the trading platform, Robinhood. Now, Robinhood is one of the most popular platforms when it comes to trading crypto. However, it has drawn the ire of the community in the past due to its practices. As such, if it were to be acquired by FTX, a trusted crypto exchange, it would mean that FTX would be bringing Robinhood’s massive user base of more than 22 million to the broader crypto community. Related Reading | Ethereum Fees Touch Monthly Lows As Transaction Volumes Plummet There is nothing definite regarding the acquisition yet but the sentiment among investors regarding it has been good so far. A rally resulting from such an acquisition could easily see Ethereum grow more than 20% and that would put the digital asset above the $1,500 level once more. ETH is trading at $1,221 at the time of this wring. It remains the second-largest cryptocurrency in the space with a market cap of $148 billion. Featured image from CoinMarketCap, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Not mentioning CoinFLEX by name, Roger Ver said he had not “defaulted on a debt to a counter-party,” and alleged the platform owed him “a substantial sum of money.”
The pseudonymous host of Coin Bureau is revealing the current contents of his crypto portfolio. In a new YouTube update, the closely followed analyst known as Guy tells his audience how he is reorganizing his portfolio in the wake of crypto’s recent meltdown. According to the analyst, BTC and ETH are the main pillars of […]
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Ethereum has seen some selling pressure today and has rolled back on a portion of its gains. The cryptocurrency was bouncing back from below the $1,000 levels but has found hurdles on lower timeframes. Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? At the time of writing, ETH’s price trades at $1,166 with a 3% loss in the last 24 hours and a 3% profit in the past 7 days. Ethereum and Binance Coin were two of the best-performing assets in the crypto top 10 market cap. Their gains were able to pull back Bitcoin’s dominance which was close to reclaiming 50% of the sector’s total market cap. The second crypto in the top 10 decoupled from Bitcoin, while the latter stuck, ETH moved to the upside. When Bitcoin lags, and Ethereum leads, is often considered an indicator of potential downside. In 2021, when Ethereum moved on its own, the crypto market experienced downside price action. According to Arcane Research, Ethereum not only moved on its own on the spot market, but the futures market saw some interest action. The Chicago Mercantile Exchange (CME) ETH futures contracts have been trading at a discount when compared to ETH’s spot price. This divergence seems to hint at future losses for Ethereum. As seen below, the ETH futures contract has been trending to the downside since the beginning of June 2022 with an increase in open interest. This is the first time since the launch of this investment product that there is a discrepancy with its spot price. Arcane Research noted the following on why this could be bad news for the second crypto by market cap: We also note that the Ether-denominated open interest on CME climbed to the highest level since early April on Thursday while seeing a slight decline over the weekend. According to the most recent CFTC Commitments of Traders reports, assets managers are shorting Ether heavily (…). Are The Ethereum Shorts Justified? The Arcane Research report claims this is the first-time institutions have been this short on Ethereum. These entities have positions of almost $40 million on the CME trading platform with a slight reduction in the past seven days. Ethereum is currently in the process of migrating from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm. Recently, ETH core developers announced the delay of a component that will lead to this upgrade. Called the “Ethereum Difficulty Bomb” is the mechanism that will enable people to mine ETH. The ETH core developers claimed this will have no impact on the migration, but the market could have a different perspective. In addition, the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler claimed that he is only willing to acknowledge Bitcoin as a commodity. He refused to speak about other cryptocurrencies but claimed the majority fits the description of a security. Related Reading | Why Crypto Is “Likely To Dump” As It Lags The S&P 500, Expert Says If Ethereum is classified as a security, the decentralized finance (DeFi) and non-fungible tokens (NFT) and other sectors could be impacted and forced to comply with new regulations. Remains to be seen if these institutions can profit after the crypto market has experienced a massive crash.
A decentralized media-sharing ecosystem built on Solana (SOL), plus several altcoins built on Ethereum (ETH) are surging after being added to top US crypto exchange Coinbase’s roster of digital assets. In an announcement, Coinbase says Media Network (MEDIA) and four other cryptocurrencies will start trading paired with Tether (USDT) once appropriate liquidity conditions are met. […]
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It is no surprise that the crypto universe and its various affiliated virtual digital assets have taken the world by storm, even in the middle […]
The STRAX coin has performed exceptionally well this month, jumping to its highest level since April. Over the past few weeks, the coin has gained […]