GildCoin - Crypto News

2024-02-10 20:02:02 Injective (INJ) And Render (RNDR) Set to Soar Past Bitcoin (BTC)

Higher Gains, Higher Risk
While Bitcoin remains the go-to for many investors, some are venturing into riskier territory for the chance at even greater gains. However, it's important to note that with altcoins like INJ and RNDR, volatility is on another level compared to BTC.

Altcoins: The Rollercoaster Ride
When BTC rises, altcoins can skyrocket even higher due to their smaller market caps and lower liquidity. Conversely, when BTC takes a tumble, altcoins can fall harder. Brace yourself for a bumpy ride if you're diving into the world of altcoins.

INJ: Flying High with Bullish Potential
INJ is currently flying within a massive bull flag formation since December 2023. Breaking through resistance at $35 could propel it towards $60, marking a potential 50% surge from current levels.

INJ vs. BTC: A Steady Uptrend
Unlike BTC's recent correction, INJ has been on an upward trajectory since July 2022. This suggests that INJ might soon outshine BTC once again as its correction phase comes to a close.

RNDR: Leaving BTC in the Dust
With over 1,300% gains since January 2023, RNDR has left BTC's performance in the dust. Although it hit a roadblock at the 0.618 Fibonacci level like BTC, RNDR's healthy correction indicates potential for further growth.

RNDR vs. BTC: A Stellar Performance
Against BTC, RNDR has seen impressive gains of 715% since May 2022 and an additional 305% since January 2023. Currently finding support, RNDR could be gearing up for another round of outperformance. Open / Comment

2024-02-07 19:31:01 US and UK Join Forces to Tackle Crypto Challenges

Regulators Unite: The U.S.-U.K. Financial Regulatory Working Group (FRWG) recently met in London, bringing together heavyweights from HM Treasury, the Federal Reserve, and more.

Crypto on the Agenda: Amidst the discussions, the group emphasized the need for strong oversight of digital assets and markets, acknowledging the importance of international collaboration.

Global Consistency: The regulators also delved into the Financial Stability Board's recommendations, aiming to foster uniformity in tackling crypto's cross-border complexities.

Digital Currencies in Focus: Not stopping at crypto, the FRWG explored central bank digital currencies (CBDCs), with the U.K. sharing insights from its recent public consultation on a potential "digital pound."

With regulators from both sides of the pond joining forces, it's clear that a coordinated approach to crypto oversight is gaining momentum. Stay tuned for more updates on this regulatory tag team! Open / Comment

2024-02-07 15:01:07 FAM! To celebrate the opening of Love Power Marketplace we’re having a massive giveaway for everybody and a special contest for #NFTartists! 
 
 We are launching Love Power Marketplace – the first decentralised trading platform with the feature of P2P NFT token exchange!! Join us, participate and get great prizes
 
A few simple steps to get your prizes and gifts   
 
Prize fund: 30 000 LOVE tokens $90 000 worth
Prizes: 5 LOVE tokens to each participant
Super prizes: 300 LOVE tokens ($900) to a random lucky one!
Date: January 30th to February 16th
The prizes release date: 6 weeks after the end of the giveaway
 
How to participate
Click the airdrop link and complete all the tasks: https://gleam.io/K8flq/love-power-marketplace-giveaway
The more tasks you complete, the higher the chance of winning the super prize!

Don't forget to share our giveaway with your friends too! Thank you and good luck!! Open / Comment

2024-02-05 14:02:13 Revolutionizing Artist Income: $JAM Puts the Power in the Hands of Creators!

Funding Success: $20M Secured for $JAM's Growth and Innovation!

In a game-changing move, $JAM is empowering artists to break free from traditional revenue models. With this groundbreaking platform, creators can now monetize their art directly from their fans, unlocking a new era of financial independence and creative control.

But that's not all! The recent completion of a $20 million funding round has set the stage for an exciting future. This injection of capital will be strategically allocated towards marketing, liquidity, and development, fueling the expansion of $JAM's ecosystem.

And there's even more reason to be optimistic! As $JAM charts its course towards success, whispers of an upcoming mobile app launch have caught the attention of industry insiders. This move could potentially propel $JAM to new heights, offering a fresh opportunity for those seeking to catch the next wave.

The future looks bright for both artists and investors alike as $JAM continues to harmonize innovation and financial empowerment. Stay tuned for more exciting updates from this trailblazing platform!

Important links:

Telegram
Largest DEX (saucerswap)
Largest CEX (MEXC)
DEX Swap to HBAR
Twitter
Chart
Website Open / Comment

2024-02-04 19:42:02 Nigeria Forex Crisis: Central Bank Takes Bold Step, Scraps Exchange Rate Cap for IMTOs

In a surprising move, the Central Bank of Nigeria (CBN) has decided to remove the shackles on international money transfer operators (IMTOs). No longer bound by a 2.5% cap on exchange rates, these operators can now offer flexible naira payout rates based on market dynamics.

This decision, which supersedes a September 2023 circular, reflects the CBN's growing concern over the stability of the naira. By allowing IMTOs to quote rates in line with prevailing conditions, the central bank hopes to address the widening gap between official and parallel market rates.

While critics argue that the caps were meant to protect the naira, they inadvertently fueled dollar inflows into the parallel market. As a result, the naira's value took a hit, reaching new lows against the greenback.

However, early signs suggest that this policy shift is already yielding positive results. The naira experienced a promising 8% surge against the dollar on February 1st, hinting at a potential correlation with the removal of exchange rate limits.

Amidst these developments, licensed foreign exchange dealers are reportedly considering closing shop. As Nigeria navigates its forex challenges, all eyes are on how this bold move by the CBN will shape the future of its currency. Open / Comment

2024-02-01 19:43:02 German Authorities Seize 50,000 Bitcoins in Landmark Case

In a groundbreaking move, German authorities have made their largest-ever bitcoin seizure, netting a staggering 50,000 bitcoins. The operation was a result of a joint effort by the Dresden General Prosecutor’s Office, Saxony State Criminal Police Office, and Leipzig II Tax Office, with coordination from the Integrated Investigation Unit (INES).

The accused, a 40-year-old German programmer, voluntarily transferred the digital assets to official wallets provided by the Federal Criminal Police Office. However, the fate of these seized bitcoins is yet to be determined.

With the current value of BTC at $2.13 billion, this case involves more than just cryptocurrency. It stems from an investigation into copyright infringement and suspected money laundering linked to the shutdown of movie2k – once Germany's notorious illegal video-sharing platform.

The accused allegedly used the site's illicit profits to invest in bitcoin before his arrest in 2019. Last year, he surrendered a portion of his digital fortune – around 25 million euros' worth – to the authorities.

As the investigation continues, details remain scarce. The Saxony police have chosen to keep mum until all loose ends are tied up. Stay tuned for updates on this gripping crypto-crime saga! Open / Comment

2024-01-29 17:38:00 Atlantic Council: Miscalculating Dollar's Innovation Potential

Federal Reserve Falling Behind in CBDC Race

The Atlantic Council warns that the US Federal Reserve is trailing its global counterparts in the race to develop a central bank digital currency (CBDC). While the Bank of China boasts a team of over 300 dedicated to their CBDC, the Fed has only allocated a modest group of twenty to explore a digital dollar.

Fednow Delayed, Adoption Limited

Not only is the Fed slow on CBDCs, but its interbank settlement system, Fednow, has also faced delays compared to similar systems in Europe. Early adoption of Fednow has been lackluster, raising concerns about the Fed's ability to keep pace with innovation.

Dollar Doesn't Need Innovation? Think Again!

The authors point out that some within the Fed and Capitol Hill mistakenly believe that the dollar is immune to innovation. They caution against complacency, emphasizing that disrupting the global economic backbone requires careful consideration but not outright resistance to change.

Trump Joins Opposition, But Time Waits for No Election

Even former President Trump has voiced his opposition to a CBDC, vowing to block it if reelected. However, the Atlantic Council urges against waiting for post-election clarity, reminding us that in technology terms, a year can be an eternity.

Decentralized Challenges and Community Bank Concerns

Franklin Knoll from the Federal Reserve Bank of Kansas City argues that comparing the Fed with centralized banks overlooks its decentralized nature and unique challenges. He also highlights the resistance from community banks as a factor shaping politicians' views on CBDCs.

In this rapidly evolving digital landscape, it's clear that the belief that the dollar doesn't need innovation is a miscalculation that could have far-reaching consequences for the global financial system. Open / Comment

2024-01-26 13:02:01 FSCA Reveals Future of 50 Crypto License Applications: Determination on the Horizon!

South Africa's FSCA, the watchful eye on the financial sector, has hinted that a verdict on 50 exciting crypto license applications is just around the corner! The coming weeks are set to bring clarity for the hopefuls.

Numbers Game: Out of the 105 applications in the running, some 20 have gracefully stepped back. Perhaps, the cost of obtaining the coveted FSP license didn't quite align with their calculations. It's a tricky game, after all!

The Key Challenge: The requirement for a skilled crypto-savvy key individual has become a hurdle for many applicants. Finding someone with the right credentials, given the relative newness of the industry, isn't a walk in the park.

Why Change?: When it comes to adjusting regulations, the motivation is clear – the FSCA aims to crack down on those looking to scam their way through unregulated waters. No more evading the watchdog's watchful gaze!

In this rapidly evolving crypto landscape, the South African FSCA is keeping the industry on its toes. Will the weeks ahead be a moment of triumph or a chance to reevaluate strategies for these crypto visionaries? Stay tuned to find out! Open / Comment

2024-01-23 19:05:15 China Takes the Lead in Metaverse Standardization

Metaverse Standardization Working Group: The Chinese government is leaving no stone unturned in its quest to establish dominance in the metaverse. The Ministry of Industry and Information Technology recently announced the formation of a working group, comprising top educational institutions and major technology players Huawei, Tencent, Baidu, Netease, and Sense Time, to set unambiguous guidelines for metaverse platforms, with a special focus on their homegrown creation, the Yuanverse.

Unlocking the Metaverse Potential: China's metaverse ambitions are part of their broader Web3 strategy, which acknowledges the immense potential of both blockchain and metaverse technologies. While some buzz has shifted towards AI, China remains undeterred and continues to prioritize metaverse development, demonstrating their commitment to lead in yet another frontier.

China's Metaverse Power Play: Already armed with a three-year plan to propel metaverse progress, China's strategic investments are poised to bear fruit by 2025, catapulting the nation to the forefront of the global metaverse landscape. While Western counterparts may have lost a bit of the metaverse fever, China's unwavering focus could soon see them reign as the undeniable metaverse hub of the world.

China's aggressive push for metaverse dominance leaves no one in doubt: they mean business in bringing the digital realm and real-world applications closer than ever before! Open / Comment

2024-01-20 19:28:01 Tokenization Takeoff: Expansion Predicted for 2024

The Tokenized Asset Coalition (TAC) is ringing in a bold prediction; tokenization is sky-rocketing, with all asset classes on board. 2024 could be a game-changer as we gear up to welcome a novel tokenized risk curve.

Stablecoins are stealing the spotlight, particularly U.S. dollar-based and centralized ones. Watch out for euro-pegged contenders and the dash of alternative stablecoins hitting the market.

U.S. Treasuries have exploded, soaring from $114M to a whopping $831M in just a year, thanks to the likes of Franklin Templeton and Ondo Finance.

Private credit isn't far behind, notching an impressive 89% growth. With $485 million in the kitty, this sector is blooming.

The digital bond bazaar is bustling, especially in Asia and Europe, marking a fresh era for bond issuance.

Despite the regulatory roller coaster, liquidity labyrinths, and infrastructural imponderables, the tokenization train chugs on! Jeremy Allaire, Circle's CEO, drops a hint - think Blackrock with a tokenized twist in 2024. All aboard? Open / Comment