Cryptocurrency

The collaboration facilitates access to Chiliz’s Fan Token ecosystem, offering fans a direct gateway to participate in its token-based initiatives. The integration also broadens the scope for sports enthusiasts to engage with fan tokens while simplifying access to cryptocurrencies for wider adoption. Transak provides payment and onboarding services that enable users to buy and sell digital assets, taking care of the know-your-customer (KYC) obligations, risk surveillance, and compliance for its customers. It serves major crypto wallet providers like MetaMask and Coinbase (NASDAQ:COIN) Wallet and also joined Visa (NYSE:V) Direct to enable users to convert their crypto holdings into fiat in nearly real-time.“This partnership is a significant move for both companies, unlocking a wider user base of sports fans to enter the world of fan tokens. “We believe that simplifying crypto access is a crucial step in mainstream adoption,” said Sami Start, CEO of Transak. “By listing Chiliz on Transak, we further lower the barrier to entry for the rapidly flourishing world of sports and entertainment fan tokens.”The integration of Chiliz will also enhance the user experience for fan token enthusiasts. “We’re constantly working to ensure fans have a seamless and effortless way to acquire CHZ and their favorite Fan Tokens. Working with Transak is a major step forward in that mission. This integration opens up new avenues and markets for us,” added Alexandre Dreyfus, CEO of Chiliz and Socios.com.The Chiliz Chain is a layer-1 blockchain that aims to be the preferred blockchain for sports franchises. It originated as a fork of the Binance Smart Chain and employs a staking-based consensus mechanism that uses its native CHZ token. More

The flagship cryptocurrency fell more than 4% in the past 24 hours to $65,174 by 09:10 ET (13:10 GMT). The downswing pushed Bitcoin price below the previous week’s stable range of $68,000 to $72,000.The dollar index, a measure of the U.S. dollar’s strength against a basket of major currencies, crossed the 105 mark for the first time since mid-November, driven by an unexpected uptick in ISM manufacturing PMI figures for March.The report showed the first increase in factory activity since September 2022, rising 2.5 points to 50.3 from February’s 47.8.This development, marking an end to 16 months of contraction, challenges the likelihood of imminent Federal Reserve rate cuts.Key components such as new orders also returned to growth, and the prices index saw a significant increase to 55.8% from 52.5%.Following this report, market expectations for Fed rate cuts have adjusted, with swap contracts now forecasting less than 65 basis points in reductions for the year, down from previous expectations, according to Bloomberg. Put simply, it reduces the odds of a Fed rate cut in June to below 50%.A stronger dollar typically makes assets priced in dollars, such as Bitcoin and gold, more expensive and less attractive, potentially reducing demand. Moreover, a continuously strong dollar can lead to global financial tightening, reducing investors’ appetite for risk assets.”This (dollar) strength is an extension of the move seen late last week when the Federal Reserve’s Christopher Waller delivered a less dovish speech,” said Chris Turner, head of global markets at ING.The notable drop in Bitcoin price extended into crypto altcoins as well, with the likes of Ethereum, Solana, and Doge seeing even sharper declines.”I am not surprised to see increased Bitcoin volatility as we approach the halving of Bitcoin emissions later in April. There was significant volatility as well when we approached the expected approval of Bitcoin ETF back in January,” Ken Timsit, Cronos Labs Managing Director, told Investing.com.Specifically, ether and Cardano’s ADA each slid more than 5% over the past 24 hours, while Solana’s SOL and Dogecoin tumbled over 7.8% and 10%, respectively.The broader crypto market faced significant liquidations, with over $400 million in long positions being liquidated, compared to $85 million in short positions. “There are lots of automated trades and derivatives at play, which can trigger large temporary sell offs. However, the outlook for crypto adoption remains positive,” Timsit added.The total crypto market cap fell around 5.3% during the same period to $2.62 trillion, according to Coingecko data.Kristian Haralampiev, Structured Products Lead at Nexo, told Investing.com that today’s pullback is most likely the result of profit-taking from holders.”Cashing in at the top of the market has to be among every investor’s goals,” he said.Citing Glassnode’s data, Haralampiev noted that onchain metrics are showing “increased volumes to exchanges from holders with one specific cohort appearingly most active – short-term holders in profit.””While the pull-back may be at odds with the common expectation for Bitcoin to simply rip right through all-time highs, it’s also an excellent opportunity for market entry for late bulls before the bitcoin halving.”Still, Haralampiev is not ruling out a deeper pullback in Bitcoin price. “When looking ahead, the put/call ratio moved further in favor of the puts, suggesting that the options market is open to the concept of a further pullback occurring,” he concluded.  More

NAVI Protocol has announced the creation of the NAVI X Ecosystem Fund, committing 10M NAVX tokens to support the growth and innovation of the Sui blockchain’s DeFi and Move-based ecosystem. This initiative aims to provide vital resources for projects at different stages of development, with a focus on enhancing the Sui blockchain’s functionality and user base.The fund is a collaborative effort involving key stakeholders from the DeFi space, designed to equip developers with financial, strategic, and networking resources necessary for the development and scaling of innovative projects on the Sui blockchain.Recognizing the importance of development support, NAVI Protocol’s NAVI X Ecosystem Fund aims to foster a nurturing environment for developers. This involves financial backing and also advisory services, industry connections, and marketing support to ensure the sustainable growth of projects within the Sui ecosystem.The fund marks a significant step towards enhancing Sui’s DeFi landscape, offering a range of incentives for builders, including hackathon bounties, developer grants, and partner rewards. It seeks to attract and support innovators and developers dedicated to broadening the utility and adoption of the Sui blockchain.NAVI X Ecosystem Fund’s main activity will focus on:- Providing financial support to promising projects, thus stimulating growth and innovation.- Enhancing the liquidity and financial stability within the Sui ecosystem.- Supporting the development of secure and resilient DeFi applications.- Encouraging the exploration of new use cases and technologies on the Sui blockchain.- Support community builders with NAVX tokens to foster a vibrant ecosystem.- Attract leading development teams to the Sui blockchain through targeted grants and incentives.- Enhance the Sui blockchain’s infrastructure and developer tools to improve the building experience.About NAVI ProtocolNAVI Protocol offers lending, borrowing, and liquid-staking services on the SUI blockchain, aiming to contribute to the blockchain’s growth and development. The NAVI X Ecosystem Fund represents NAVI Protocol’s commitment to supporting the SUI blockchain ecosystem and its developers.Website | X | Telegram | DiscordContactMarketing LeadIvan [email protected] article was originally published on Chainwire More

This effort began with a goal to collect 50,000 signatures for a petition to the Unicode Consortium. The initiative, titled ‘Bitcoin Deserves an Emoji,’ has already seen massive support with 10,000 endorsements in its first week. Prominent crypto firms, such as Nexo, BTC Inc, Bitget, Chainalysis, and Hacken, among others, have joined the campaign to integrate the Bitcoin emoji in a move that is sure to speak to the Zoomers out there.This campaign also aims to amplify the narrative of Bitcoin’s remarkable evolution from a niche concept to a mainstream investment asset, highlighting its role in revolutionizing monetary, technological, and cultural paradigms throughout its journey.Highlighting Bitcoin’s market dominance, with a valuation of $1.34 trillion and over 1.26 billion Bitcoin addresses, Kosta Kantchev, co-founder and executive chairman of Nexo, pointed out the pressing need for a universally recognized symbol that encapsulates Bitcoin’s essence on digital platforms. “The initiative marks a significant moment in cryptocurrency history with BTC’s new all-time high, ahead of the fourth Bitcoin halving. Everyone is invited to join this historic crypto initiative and show support by signing the petition at change.org/bitcoin-deserves-an-emoji to cement Bitcoin’s legacy,” the statement reads.This campaign, which parallels successful endeavors by Taco Bell and Tinder to secure their respective emojis, reflects the increasing role of digital icons in representing and advancing socio-economic movements.Emojis, much like food and music, cross language and cultural boundaries, forming a universal language that spans the globe. In today’s interconnected society, emojis serve as crucial instruments of expression, merging with the inherently borderless nature of cryptocurrency. This synergy makes the introduction of a Bitcoin emoji a natural and logical progression. Supporters are encouraged to contribute by signing the petition on Change.org. More

ProBit Global, a leading cryptocurrency exchange platform, offers its users a seamless way to participate in Initial Exchange Offerings (IEOs). With this unique feature, ProBit Global users can expect a vast array of hidden gems to add to their portfolio. Not to mention, with new ongoing listings, opportunities are available for retail investors to access crypto with ease.Some of ProBit Global’s IEOs & Listings features include:Quality IEOs and ListingsProBit Global diligently evaluates projects before IEOs and Listing offerings are introduced. Through a thorough vetting process, ProBit Global ensures that our users gain access to high-quality projects, alleviating any concerns about inadequate information. All projects undergo a Know Your Business (KYB) assessment to meet ProBit Global’s standards. This rigorous screening process provides users access to top-tier projects e.g. GALA Music, enhancing their investment opportunities. With weekly new IEOs and Listings, users are bound to find a hidden gem in the crypto space like MINU & GTAI, two newly listed tokens on ProBit Global that performed extremely well recently with a gain of about 3725% and 83%, respectively at the time of this writing. Multiple Payment Options for IEOsProBit Global’s platform offers easy participation in IEOs with four major cryptocurrencies: PROB, USDT, BTC, and ETH. This diverse range of options allows users to join IEOs without the hassle of multiple token swaps, saving on fees and ensuring a smooth experience. Cross Platform For Desktop & Mobile IOS & AndroidProBit Global’s platform works on both desktop and mobile devices, enabling users to access new IEOs or Listings effortlessly. With a well-designed user interface, navigating the platform is intuitive and seamless. Users can conveniently access IEOs and Listings anywhere, anytime with just a click of a button.Low Trading FeesHigh trading fees have been a concern with crypto exchanges, but ProBit Global stands out with a minimal charge of only 0.2% per transaction. Moreover, fees can be reduced up to 0.03% through staking and using PROB, making it exceptionally advantageous for traders seeking a platform with low fees. This cost-effective solution enables more trades to occur without the concern of fees eating up profits.No KYC Required Up To 5k Users can expect a simple Know Your Customer (KYC) process to ensure compliance with regulatory requirements while providing a straightforward onboarding experience. Users can even opt to waive the KYC process for purchases up to 5,000 USD worth of crypto.Stake & EarnProBit Global offers users a range of staking opportunities, allowing them to engage with newly acquired tokens from Initial Exchange Offerings (IEOs). This feature caters to users looking to utilize their assets within the platform’s ecosystem. Staking options on ProBit Global provide the potential for token rewards, with details varying based on the specific project. This initiative reflects ProBit Global’s dedication to providing a diverse array of services, enriching the user experience on the platform.With these comprehensive IEO and Listing features, ProBit Global continues to innovate and provide a friendly user experience for cryptocurrency enthusiasts worldwide.About ProBit GlobalFounded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.To learn more, users can visit probit.com.ProBit Global Telegram | TwitterContactTheo HeisenbergProBit [email protected] article was originally published on Chainwire More

The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience.This time, the central topic of the forum will be how to read the crypto market and find good opportunities to invest during the Bull Run, which has already begun. Forum speakers and attendees will share analytics and experience, as well as their recommendations on which coins to buy and sell, which coins have good potential, and which ones are better to avoid investing in.More than 8,000 people from more than 120 countries take part in the grand event.Those who are interested can learn more and buy a ticket here: https://blockchain-life.comConfirmed speakers include top figures in the global crypto market such as:The special guest at the AfterParty is the globally renowned hitmaker, Alan Walker, who will be performing an amazing live concert.The excitement continues as, from April 13-21, the crypto community can immerse themselves in the fantastic Blockchain Life Week, a period filled with exciting parties and events organized by various industry companies.A VIP ticket to Blockchain Life 2024 allows for free access to some of those events in order to achieve a new level of networking experience.Users can buy tickets with a promo code “Chainwire” and make the most of the current Bull Run: https://blockchain-life.comContactMaria Dehttps://blockchain-life.com/asia/en/[email protected] article was originally published on Chainwire More

Sensay, the builders of on-chain digital immortality, celebrates a major triumph, having raised over $3 million in a successful public sale. This financial milestone, marks the launch of the $SNSY token, cementing bootstrapped Sensay as a leader in the digital identity sector, outpacing seed-funded competitors yet to launch products.Innovating Digital LegacySensay’s advanced platform for creating authorized AI replicas unlocks new realms of intellectual capital creation and distribution. With the $SNSY token, Sensay provides a decentralized infrastructure that revolutionizes the way digital identities are managed and monetized, promising a future where digital replicas continue to add value indefinitely.The swift completion of the public sale, with tokens selling out in record time, demonstrates market confidence in Sensay’s vision and technology.Sensay boasts over 25,000 monthly active users and a vibrant community exceeding 50,000 members. Recognition as a TedAI Hackathon finalist and a top-three finish on Product Hunt, endorsed by the Oxford AI Society, showcases Sensay’s impact and innovation. Strategic partnerships with Fetch AI, SingularityNET, Banyan (Filecoin), AIOZ, SolvCare, and LayerZero further amplify Sensay’s technological edge and market reach.Future GrowthThe SNSY Token is due to be listed on leading Centralised Exchanges as well as Uniswap Decentralised Exchange on the 2nd April 2024. The team is proud of the fact that the Sensay public sale has attracted attention from influential individuals, investors, and industry partners.The proceeds from the public sale will fuel continued innovation and expansion. Sensay invites individuals and businesses to explore the $SNSY token’s potential and engage with its growing eecosystem. Users can visit https://snsy.ai for more information and join the digital legacy revolution.About SensaySensay creates lifelike AI digital replicas, offering everyone limitless potential in a digital age. These on-chain verified autonomous digital twins empower users to retain ownership and monetize this powerful technology. Starting with replicas for dementia patients and their families, the technology has an immediate social impact. Beyond this, the use cases for digital twins are endless.Users are welcome to converse with a digital replica of our founder, Dan Thomson, at: sensay.io/replicas/danFor more information: Website | Deck | Tokenomics | Twitter | Telegram | Discord ContactCEODan [email protected] article was originally published on Chainwire More

(Reuters) – Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin.The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin’s 65%. Bitcoin scaled new peaks last month. Trading around $3,612 on Monday, ether is at least 26% below its Nov. 2021 all-time high of $4,867.60.Even a recent technical upgrade of the Ethereum blockchain, which is used to build applications, barely made a splash beyond the circle of crypto enthusiasts, in contrast to the excitement ahead of bitcoin’s “halving” next month, a technical change designed to slow the coin’s supply.In a typical case of markets selling the fact, ether dropped 12% after the underlying blockchain’s Dencun upgrade on March 13 aimed at lowering transaction fees on its ecosystem.”Ethereum is persistently dogged by its lack of name recognition among non-endemic investors,” said Joseph Edwards, head of research at London crypto firm Enigma Securities.”There’s a lot more economic activity on it compared to 2020… but it reaching all-time highs will likely come fairly late.” Much depends on whether the U.S. Securities and Exchange Commission (SEC) approves spot ether ETFs. For, it was the approval and launch of several U.S. spot bitcoin ETFs that spurred institutional demand and drove it to record highs.Ether ETFs too are waiting, with VanEck’s filing first in line for a decision on May 23.Standard Chartered (OTC:SCBFF) Bank expects U.S. ether ETFs to be approved on May 23, propelling it to $8,000 by end-2024 and $14,000 by end-2025.COMMODITY OR SECURITY?Not everyone is as optimistic about the U.S. regulator greenlighting a spot ether ETF.Lawyers and industry sources have said ether’s legal status is ambiguous and they expect regulators to move cautiously. The SEC has said bitcoin is a commodity, but has not ruled on ether. Unlike bitcoin, ether is traded on a so-called ‘proof-of-stake’ blockchain that allows users to earn yield in exchange for locking up tokens for a period of time.And because ether is often ‘staked’, or deposited, it could be deemed a security, which will entail stricter rules around disclosure that fly in the face of cryptocurrency’s ethos of bypassing the traditional gatekeepers of finance, such as banks and exchanges. But that complicates the calculus for ETFs, as the yield on staked ether is often higher than that of just plain passive tokens. “Getting the SEC on board to allow staked ether ETFs will be a very tough bargain and is, for now, extremely unlikely,” said Anders Helset, head of research at digital assets analytics firm K33Institutional demand for ether has been a fraction of that for rival bitcoin. Digital asset funds tracking ether have seen outflows of $46.4 million in the month to March 23, according to CoinShares data, versus inflows of over $4 billion for products tracking bitcoin. Some market participants believe in focusing on ethereum technology, which forms the backbone of much of the internet’s ‘Web3’ vision and powers applications involving crypto offshoots such as decentralised finance and blockchain gaming. BlackRock (NYSE:BLK) unveiled its first tokenized fund on the ethereum blockchain last month, sparking conversation around the platform’s use in broader tokenisation of real world assets.So far over $2 billion worth of commodities and government securities, among other traditional assets, have been tokenized on several networks, of which 80% are on the ethereum blockchain, according to Swiss cryptocurrency manager 21Shares. More