Cryptocurrency

Billy Markus, cofounder of Dogecoin, echoed the sentiment of many investors when he posted the famous quote from the rock band Green Day, “Wake me up when September ends,” in response to Bitcoin’s recent drop below the $59,000 level, and its further decline to as low as $57,128.Despite the bearish sentiment, several factors suggest that Bitcoin could outperform its historical average this September. First, the large sales of the cryptocurrency by governments and institutions such as Germany, Mt. Gox and Genesis have already taken place, reducing the potential downward pressure on the market.Another positive factor is the expectation of increased investment in Bitcoin ETFs. Potential inflows of up to $1.5 billion this month could provide a significant boost to the market.While challenges such as potential Fed rate hikes and regulatory uncertainties remain, the overall outlook for Bitcoin in September seems more promising than in previous years.As Billy Markus’s tweet suggests, many investors may be hoping for a quick end to September. However, the factors outlined above suggest that the first cryptocurrency may be poised for a more positive month than in previous years.This article was originally published on U.Today More

On August 6th, Roam announced a 20 million $ROAM token airdrop for all users who owned miners and NFTs prior to the Token Generation Event (TGE). This airdrop initiative offers substantial incentives to early network supporters.To qualify for this airdrop reward, users need to register their Roam miners according to the installation requirements before the TGE.Roam Miner OverviewThe Roam Rainier MAX60 router, Roam’s exclusive hardware product, integrates Wi-Fi 6 technology and Web3 features. It offers high performance and stability. Also supporting OpenRoaming™, it improves Wi-Fi coverage and enables users seamless roaming. Rainier MAX 60 is a great choice for homes, offices, or high-traffic commercial spaces, it provides robust network service and potential for earnings through daily mining and future airdrops.Roam Miner AnalysisEconomic Model: Roam’s economy revolves around Roam Points, $ROAM tokens, and MetaBlox NFTs. Roam Points can be earned through network contributions through Roam app or miners. After the TGE, users can burn Roam Points to convert them into $ROAM tokens, enhancing token scarcity and value. $ROAM tokens are crucial for staking and community governance .Burn Mechanism: Roam’s ecosystem includes a unique burn mechanism that increases the value and rarity of remaining tokens by burning a portion of them. After the TGE, Roam will have various burn pools, with the miner user pool receiving a higher weight than the app user’s . This results in greater returns for Roam Points earned by miners. For miner owners, the burn mechanism enhances the long-term value of their $ROAM tokens.Efficient Mining Performance: Users who activate the Roam miner receive an immediate reward of 3,000 Roam Points. The device then generates over 60 Roam Points daily, with an additional 5 Roam Points earned from daily sign-ins. The daily reward limit is set at 150 Roam Points.Dual Mining Support: Roam miners enable dual and multi-mining, allowing users to mine tokens from other decentralized projects such as D-VPN, CDN, and Cloud storage. Future updates will include additional projects, enhancing the ecosystem and offering more opportunities for miners.Airdrop Rewards: Users of Roam miners can qualify for airdrop rewards from various partner projects. These rewards, which may include tokens, NFTs, and whitelist spots, are provided by Roam’s collaborators.Link: https://shop.weroam.xyz/product/roam-rainier-max60/About Roam:Roam, a leading project in the DePIN sector, is set to participate in the Korea Blockchain Week (KBW) 2024, which will be held from September 1st to 7th. Roam’s co-founder, YZ, will deliver a keynote speech on September 5th about the topic of roam the world , connect the people. The speech will also shares Roam’s future strategic plans and elaborates Roam’s role and vision in the global WiFi roaming network.ContactNigel Nienigel@roam.xyzThis article was originally published on Chainwire More

The cryptocurrency market has witnessed a surge in presale events, with Artemis Coin emerging as a standout success story. In a remarkable feat, this presale crypto has raised an impressive $500,000 and secured listings on seven exchanges. This achievement highlights the growing interest in token presales and their potential to shape the future of digital assets.Artemis Coin’s success can offer valuable insights into the world of crypto presales and their impact on the broader cryptocurrency landscape, as its journey can showcase the strategic partnerships that led to its multiple exchange listings. By analyzing this case study, investors and enthusiasts can gain a deeper understanding of what makes a presale coin standout in the ever-evolving crypto arena.Artemis Coin: A Standout Presale Success StoryProject Overview and VisionArtemis Coin ($ARTMS) has emerged as a groundbreaking venture in the cryptocurrency landscape, aiming to redefine digital marketplaces. The project envisions becoming the Amazon (NASDAQ:AMZN) and eBay (NASDAQ:EBAY) equivalent of the crypto world, creating a decentralized platform that facilitates the seamless buying and selling of goods and services . At its core, Artemis Coin leverages blockchain technology to eliminate intermediaries, reduce transaction fees, and enhance transparency in online commerce .The Artemis marketplace is designed to connect buyers and sellers directly, enabling peer-to-peer transactions without the need for third-party involvement . This innovative approach promises to transform global trade by removing geographical limitations and empowering individuals and businesses with a decentralized, efficient marketplace .Key Features of Artemis CoinThe Artemis Coin presale has garnered significant attention and support from the crypto community, showcasing impressive performance metrics:Artemis Coin has made remarkable progress in securing exchange listings, demonstrating its growing market presence. The project has successfully listed on seven exchanges before its official launch . These include:Potential Market ImpactThe strategic partnerships and exchange listings secured by Artemis Coin have the potential to significantly impact its market performance.Artemis Coin’s value has already seen a substantial increase during its presale phase, rising from 0.00055 to 0.00140 . Moreover, Artemis plans to burn 12 billion unsold tokens at launch, aiming to reduce its total supply by 30% within the initial two weeks.Artemis Coin’s JourneyArtemis Coin’s successful presale and multiple exchange listings showcase its potential to shake things up in the crypto world, by raising $500,000 and securing spots on seven exchanges.Looking ahead, Artemis Coin’s journey can offer valuable insights for both investors and crypto enthusiasts. Its innovative approach to creating a decentralized marketplace, combined with strategic partnerships and a strong community, sets the stage for potential growth. As the crypto landscape keeps evolving, projects like Artemis Coin demonstrate how presale success can potentially pave the way for broader adoption and market impact.For more information please visit https://artemiscoin.co/ContactDr.Christian De Villeinfo@artemiscoin.coThis article was originally published on Chainwire More

At 09:30 ET (13:30 GMT), Bitcoin rose 0.1% to $58,415.0, after having dropped over 7% last week and a steep decline in August as a whole. Volumes have been light Monday with the U.S. on holiday, celebrating Labor Day.The world’s biggest cryptocurrency was nursing a steep decline in August, as a broader risk-off move across financial markets hit crypto prices particularly hard.Bitcoin spent most of August trending lower, as the world’s biggest cryptocurrency was dented by persistent concerns over token distributions and mass sale events, especially from defunct exchange Mt Gox.Attention now turns to the key economic data this week, culminating with the widely-watched U.S. nonfarm payrolls release on Friday.Concerns over a U.S. recession had sparked deep losses across global financial markets at the beginning of August, including the crypto markets.The U.S. Federal Reserve is widely expected to start cutting interest rates later this month, and the payrolls data could determine the size of the cut, likely impacting wider risk sentiment. Traders are pricing in a virtual 100% chance of a 25 basis point cut in September, according to CME Fedwatch. While Bitcoin has edged higher at the start of this week, it has shown a consistent pattern of underperformance in September. Historical data reveals that Bitcoin has experienced negative returns in nine out of the last 13 Septembers, making it one of the worst months for the cryptocurrency with an average negative return of 5.36%.Broader cryptocurrency prices drifted in lackluster trading, and were also nursing losses for August. World no.2 crypto ETH/USD gained 1.7% to $2,514.20, having fallen over 20% in August – its worst month since January 2022. Other altcoins XRP, SOL and ADA also traded in tight ranges.Markets were largely on edge ahead of the Federal Reserve meeting later this month, with Friday’s payrolls result likely to factor into the central bank’s stance on interest rates. Lower rates bode well for cryptocurrencies, given that they free up more liquidity for speculative trade.  More

There are several important events coming up this month that could have a major impact on the digital asset landscape as well as traditional markets. This week’s main focus will be on employment data as a number of reports that could affect market sentiment are scheduled. Fears of an impending economic slowdown are raised by the latest downward revisions to employment forecasts, which point to a contracting labor market. A recession has frequently followed in the past, when private sector employment contributions fall below 40%. The latest data suggests that this threshold is getting closer, which has markets nervous. The week begins with the ISM Manufacturing data on Tuesday, which sheds light on the state of the industrial sector.The JOLTs (Job Openings and Labor Turnover Survey) data and Factory Orders, which provide an overview of the state of the labor market and manufacturing strength, will come right after this on Wednesday. The non-farm payrolls (NFP) report on Friday is anticipated to be the major market mover, but the data on jobless claims, challenger job cuts and ISM services on Thursday helped set the stage.The unemployment rate, average hourly wage participation rate and Friday’s NFP will all be closely watched for any indications of deviance from forecasts. Any unexpected increase in employment such as higher-than-expected job growth could cause considerable volatility in all asset classes, including cryptocurrencies, given the market’s current pessimistic view on the employment situation.The implications for digital assets are twofold. On the one hand, an unexpectedly weak labor market could intensify fears of a recession and cause people to flee to safer havens, which could harm more volatile assets like cryptocurrencies.This article was originally published on U.Today More

The company completely revamped its original product to answer web3 community needs, whilst also to make the product accessible for web2 users.Safe Haven, a web3 company providing decentralized solutions for backup, inheritance, and data transfers, announced today that its releasing Inheriti® 2.0, a multi-patented, multi-signatory, distributed storage solution for access to digital data and digital inheritance that allows cryptocurrency owners to securely back up their private keys or secret data while still maintaining full custody of them.The new product is a total revamp of its V1.0 version, which only offered digital inheritance—an industry that itself is set to reach a market size of $52 billion by 2030.Inheriti® V2.0 introduces an entirely separate flow for backup plans and inheritance plans—a massive feature. Using the new workflow, users can release their data in less than a minute. The system lets users secure private keys, seed phrases, credit card details, online accounts, or any plain text data using the company’s multi-patented Secure Share Distribution Protocol (SSDP).Patents for the technology are active in the USA under patent number US11316668B2 and in Europe under EP3654578B1. China’s patent is pending.The patents are held by SafeTech Labs, Safe Haven’s holding company that develops Safe Haven’s ecosystem of technology.SSDP is a cutting-edge engineered to ensure the utmost security and reliability in digital asset management. SSDP uses proprietary techniques encompassing encryption and fragmentation, distributed storage, and controlled recovery. The technology is integral to how Inheriti® protects digital data, setting new standards in the industry for encryption and decentralization.Additionally, Inheriti® V2.0 introduces:● A mobile app for secure storage of encrypted shares.● More extensive options to tailor each plan.● Total user interface (UI) overhaul for an exceptional user experience (UX).● Web2 payment options.● Latest security enhancements.● The ability to add a “social circle” backup plan that requires a minimum number of users to come together to decrypt it—useful for company backup plans and DAOs.● Invoicing for private and business users.● 100% privacy regulation compliance.“Web3 and blockchain are the only technologies capable of securely meeting the needs of private key backup solutions today,” says Jürgen Schouppe, CEO and co-founder of Safe Haven and SafeTech Labs. “Inheriti® V2.0 is the world’s first product that implements every single industry best-practice to ensure that users maintain custody of their keys and seed phrases while still preventing the risk of data loss if they lose their backup credentials.”Multiple third-party security tests have confirmed that Safe Haven does not store any user keys on its backend systems.“We’re adamant believers in ‘not your keys, not your crypto,’ and we’ve designed every aspect of Inheriti® to ensure this always remains true,” says Schouppe.Inheriti® uses a combination of triggers and data shares that must be combined in a controlled way to successfully decrypt the entire backup package. Users can also set up a “Dead Man’s Switch (NYSE:SWCH)” that will run its course and release the keys to designated beneficiaries if the user is unable to participate in the decryption themselves.The Inheriti® service will be available starting August 29, 2024 and users can create their backup plans here: https://www.inheriti.com/.For more information about Inheriti® V2.0, visit https://www.inheriti.com/.About Safe Haven: Established in 2017, Safe Haven specializes in backup, inheritance and data transfer products. The Safe Haven ecosystem of products includes a hardware device, custom wallet, blockchain development services platform, an ID management solution, and other web3 solutions. SafeTech Labs, the company behind Safe Haven’s technology, holds patents in the USA and Europe, and has a patent pending in China.ContactCEOJürgen SchouppeSafe Havenpress@safetech.ioThis article was originally published on Chainwire More

Around $0.55 is the first critical level to keep an eye on. Recent price action has prevented further declines by acting as a significant support level. If XRP will be able to maintain its current level, this might indicate a period of consolidation, allowing the market to settle in before making further moves. Nevertheless, a breakdown below $0.55 might allow for additional declines and possibly result in a retest of earlier support levels.An important psychological threshold that has historically supported and opposed XRP is the $0.50 mark. The next area of interest is $0.50 should the price drop below $0.55. Investor confidence depends on maintaining this level because a decline below $0.50 might signal a more serious correction, undermining the optimistic outlook for the near future.Upside $0.60 is still a crucial resistance level. The recent bullish potential of XRP has been constrained by its inability to establish a foothold above this level. A rally toward higher targets may be initiated and more buying interest may be attracted if the price can break and hold above $0.60. A breakthrough of this barrier would be a sign of an upcoming XRP reversal.The news of Durov’s release and subsequent lockdown in France caused TON’s price to briefly rise, but this gain was fleeting as the price soon lost steam. Despite the high trading volume, this sluggish price action is indicative of a wider market fatigue in cryptocurrencies.Without many new innovations or price-boosting catalysts, the market has been stagnant. Toncoin is one of many assets in a state of uncertainty as a result of investors’ apparent caution and the lack of new exciting ventures in the cryptocurrency space.It is crucial to remember that Toncoin still has a solid foundation in spite of these difficulties. It is supported by Telegram, one of the most resilient ecosystems in the cryptocurrency space. Toncoin’s long-term potential is well-founded due to the robust community support and the coin’s integration into the Telegram ecosystem. Even fundamentally sound projects, though, are finding it difficult to gain traction in the current market conditions.A critical technical signal this breakdown points to the end of the current local uptrend and suggests that the recent bullish momentum for Bitcoin has stopped. One of the main technical and psychological obstacles for Bitcoin has been the $60,000 mark. The recent decline is the result of strong selling pressure that has been applied to multiple attempts to break above this level.The inability to maintain a move above $60,000 is indicative of the uncertainty that the market is currently experiencing as well as the lack of bullish conviction that is necessary to push prices higher. It is especially concerning for traders and investors when the breakdown occurs below the 200-day EMA.Long-term market trends are frequently seen to be best predicted by the 200-day EMA. Bitcoin is usually regarded as being in a bullish phase when it trades above this line. On the other hand, a possible change toward a bearish trend is indicated when the price falls below the 200-day EMA.The local uptrend that started earlier this year may be coming to an end given that Bitcoin has now fallen below this crucial level. A further sign of doom is the relative strength index (RSI), which has fallen below 50 and suggests a loss of momentum. The idea that Bitcoin may find it difficult to regain its footing in the near future is further supported by the volume’s decline, which also seems to indicate a decline in buying interest.This article was originally published on U.Today More

However, the experts at Spot On Chain refuse to just accept the high probability of a negative September and offer five key reasons why this time could be different for BTC. Funnily, one of the main arguments is based on historical patterns that may not always be relevant. Thus, Spot On Chain points out that nearly 43% of years with negative Augusts have been followed by positive Septembers. This suggests that the market could see a rebound, despite the usual negative sentiment.It is also worth mentioning that the U.S. government still holds over 203,000 BTC, but has been cautious in its recent movements, opting for over-the-counter sales that minimize market impact. This reduction in selling pressure could help keep the market stable.Furthermore, long-term holders remain strong, adding 262,000 BTC to their positions in August. These holders now control 75% of the total supply, signaling confidence in the asset’s future. Top anonymous wallets, holding significant amounts of Bitcoin, have also remained inactive, further reducing the likelihood of sudden sell-offs.There are other things that could affect the market too. With the Federal Reserve possibly cutting interest rates and FTX paying back $16 billion in cash, there could be more demand for Bitcoin. Also, growing political support for favorable cryptocurrency regulations in the U.S. could make investors more confident and give Bitcoin another boost this September.This article was originally published on U.Today More