Category : CoinJournal

CoinJournal

CEL price takes another hit, US SEC files lawsuit against Celsius

Celsius is currently going through a Chapter 11 bankruptcy proceeding. Last week, the US CFTC found Celsius and Alex Mashinsky guilty of breaking several laws before Celsius collapsed in 2022. Alex Mashinsky has been arrested and will be arrayed in...

BNB Chain to undergo major hard fork to address blockchain exploit risks

Key takeaways BNB Chain is set to undergo its ZhangHeng upgrade later this month. The upgrade will address blockchain exploit risks, and no new BNB tokens will be issued.& BNB Chain to undergo a major hard fork later this month BNB Chain,...

Exclusive: Bitget’s proof of reserves sets record with a total reserve ratio of 223%

Bitget has been publishing verifiable data since December 2022. The recent proof of reserves shows USDC at a reserve ratio of 2604% The exchange’s reserve ratios have consistently exceeded 200% in the past seven months. Coinjounal can exclusi...

SingularityNET’s AGIX price outlook as AI investments rise

Elon Musk, the richest man on earth, has started a new AI company. Nvidia made a $50 million investment in a biotech company using AI. SingularityNET price jumped sharply on Thursday as investors reacted to the latest investments in artificial...

Polygon proposes upgrade to switch MATIC to POL

Polygon’s technical upgrade could see MATIC renamed to POL. POL will operate on multiple chains including PoS, zkEVM and Supernets. The price of MATIC rose after the news, up 5% in 24 hours as daily volume jumped 21%. Polygon has outlined a p...

Russia’s “digital rouble” almost a reality after approval by lower house parliament

The bill will now move to the upper chamber of the Russian Federal Assembly. If passed the bill will be signed by the president into law. The Bank of Russia (BoR) will become the principal operator of the digital ruble infrastructure. The digital r...

Dapper Labs lays off 51, cites prolonged crypto winter in NFT market

51 Dapper Labs employees have been laid off in the recent layoff. This is the third round of layoffs for Dapper Labs. It made prior layoffs in November and February. In the midst of a protracted crypto winter in the Non-Fungible Tokens (NFT) market...

Fed rate hikes to peak as inflation cools: Implications for Chancer

The US published weak jobs and inflation data this month. The Fed could now hike rates less times than expected. A dovish tone could be a good thing for Chancer and other cryptocurrencies. American stocks jumped to a multi-month high while th...

Kava 14 Accelerates Cosmos Ecosystem Expansion

Georgetown, Cayman Islands, July 12th, 2023, Chainwire Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade deploys ‘internal bridg...

Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments

At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours. Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM) in May 2023. The Bank of China will start testing of SIM card-linked...

Coinbase stock could see a near-term pullback – analyst says

Atlantic Equities downgraded Coinbase stock to “neutral” on Wednesday. Cathie Wood also trimmed her stake in the crypto exchange today. Coinbase stock is currently up more than 150% versus the start of 2023. Investors should pull out of...

Coinbase adds instant messaging feature to wallet

Coinbase Wallet now supports instant messaging across any two Ethereum addresses. The feature will leverage the XMTP protocol and offer encrypted and private wallet-to-wallet communication and crypto payments. Coinbase is rolling out the feature to...

Chancer prediction as stage one presale tops $700k

Key takeaways Bitcoin has been trading around the $30k region for the last two weeks. Chancer’s first presale stage is more than 70% completed as more investors enter the project.& The cryptocurrency market has been stable over the p...

LBRY Credits Token plummets after federal court ruled against LBRY Inc.

At press time, LBRY Token had plunged to $0.009298 from a high of $0.01235 on July 11. The plunge followed a ruling that LBRY Inc. violated US securities laws. LBRY Inc. has stated that it is shutting down its business. The LBRY Credits (LBC) fell...

Struct Finance Transforms DeFi Landscape on Avalanche With the Launch of Tranche-based BTC.B-USDC Vaults

Tortola, British Virgin Islands, July 12th, 2023, Chainwire In its ongoing journey to reshape the crypto investing landscape, Struct Finance, a DeFi platform that enables investors to engage with tailored interest rate products linked to digital asse...

Helium price spikes as Bitcoin and Ethereum hover at key levels

Helium rose double digits as did 1inch and NEM after US inflation data& Bitcoin price on the other hand touched $31k on Coinbase and Ethereum hovered near $1.9k. Consumer prices rose 0.2% month-over-month and 3% year-over-year in June. Bitcoin...

AltSignals’s stage 2 presale quickly closes the 50% mark amid the rush for AI-trading

Phase 2 of AltSignals presale is 50% sold out The token’s demand has been fueled by a proprietary trading service and AI craze $ASI could rise to $0.1 in 2024 as more investors join ActualizeAI Days after a successful& presale in ph...

South Korean companies to disclose crypto holdings from 2024

Key takeaways South Korean financial regulator wants companies to disclose their crypto assets in their financial statements. The aim is to improve accounting transparency amongst companies operating in the country. South Korea introduces a new...

Riot Platforms stock price is defying gravity as Bitcoin sleeps

Riot Platform’s share price has surged to the highest point since April 2022. This rally is happening as Bitcoin remains at $30,000. Riot Platforms stock price has made a bullish breakout even as& Bitcoin remains in a deep consolidati...

Astar Foundation teams up with NTT Digital to build Web3 training programs

Astar Foundation and NTT Digital will collaborate to create Web3 talent training programs. The partners will also work on initiatives aimed at enhancing network infrastructure. Astar Foundation and NTT Digital began collaborating in 2022. Astar Fou...

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