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WOMIO platform announces presale, unveils vision for enhancing memecoin utility – CoinJournal

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WOMIO platform announces presale, unveils vision for enhancing meme coin utility
  • WOMIO presale for $WOMIO tokens starts August 21 at 19:00 CET.
  • WOMIO platform simplifies multichain memecoin creation with staking rewards for users.
  • The platform aims to merge memecoin fun with real-world utility and new industry standards.

Multichain memecoin launching platform WOMIO has announced its upcoming presale and outlined its innovative approach to enhancing meme coin utility.

Set to launch on August 21 at 19:00 CET, the presale will offer the community an exclusive opportunity to acquire $WOMIO tokens, which are designed to serve as both a proof-of-concept memecoin and a catalyst for the growth of the WOMIO ecosystem.

Simplifying the process of launching meme coins

WOMIO is the brainchild of a seasoned team with a proven track record in crypto investment and project development. The platform is designed to be a one-stop solution for creating and promoting memecoins while integrating features such as staking, analytics, and promotional packages.

This holistic approach aims to bridge the gap between the entertaining aspects of memecoins and the practical functionalities associated with more conventional crypto assets.

WOMIO will support multichain launches, allowing users to create and deploy their tokens on their preferred blockchain in mere seconds.

The multichain functionality is a significant advancement, as it enables a broader range of use cases and fosters a more dynamic and versatile memecoin market.

The $WOMIO token will play a central role in the platform’s ecosystem, providing stakers with various benefits and promoting a sustainable approach to memecoin deployment and adoption.

Each time a memecoin is created on the WOMIO platform, a fee of 1.25% of the total supply is collected and automatically redistributed among $WOMIO stakers. This mechanism ensures continuous rewards and incentivizes active community participation, aligning the interests of token holders with the success of the ecosystem.

Combining the viral energy of memes with real-world utility

Paul Theobald, Founder of WOMIO, emphasized the platform’s goal to redefine memecoin engagement. He said that WOMIO is here to change the way people see memecoins since they’re combining the viral energy of memes with real-world utility, setting a new standard in the industry.

As the cryptocurrency industry continues to evolve, there is a growing demand for assets that blend entertainment with tangible value. WOMIO is poised to lead this trend by offering a robust platform that supports both fun and functionality.

By leveraging its unique multichain technology and staking mechanisms, WOMIO aims to become a cornerstone of the memecoin landscape, driving innovation and sustainability in this rapidly growing sector.

WOMIO is set to make significant strides in the memecoin space, promising to elevate projects and enhance the overall value proposition of memecoins through its cutting-edge platform.



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Is $58k the new $9k for Bitcoin?

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Quick Take

Samson Mow recently stirred discussion on X by declaring that “$58k is the new $9k” for Bitcoin. Intrigued by this bold statement, we decided to put Mow’s theory to the test by examining Bitcoin’s trading patterns, especially in light of its historical price behavior.

Since reaching its all-time high of approximately $73,000 in March, Bitcoin hasn’t seen much price volatility, dipping to a low of around $49,000 on Aug. 5. Coincidentally, this was roughly the same price as when the Bitcoin ETF launched in January.

Despite this volatility, Bitcoin has predominantly traded within the $60,000 range, occasionally spiking to $70,000 before retreating. This pattern draws parallels to the 2020 cycle, when Bitcoin spent a prolonged period of around $9,000 from June 2019 to September 2020. Even during the COVID-19 crash, when Bitcoin briefly plummeted to $4,000, it quickly returned to the $9,000 range.

BTC Price: (Source: Glassnode)
BTC Price: (Source: Glassnode)

We rigorously analyzed these trends using roughly a 12% price range. This approach allows for a fair comparison across different price levels by maintaining a consistent percentage range rather than a fixed dollar amount.

Our findings revealed that Bitcoin spent 183 days in the range of $8,860 to $9,968 and 160 days between $7,875 and $8,859. Currently, Bitcoin has spent 133 days trading between $58,374 and $65,671.

With 50 days until Oct. 9, the start of the fourth quarter — a traditionally bullish period for Bitcoin — market observers are keen to see if history will repeat itself and validate Mow’s assertion.

Bitcoin Price History Price Buckets: (Source: Glassnode)
Bitcoin Price History Price Buckets: (Source: Glassnode)

The post Is $58k the new $9k for Bitcoin? appeared first on CryptoSlate.



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Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger – Bitcoin News

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Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million MergerOn Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […]



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Blockchain vs. Transfer Agents: A Call for Genuine Market Innovation

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Authentic blockchain-enabled market structure promises transparency, tamper-proof records, reduced costs (as compared to doing both blockchain and security certificates) for the issuer and the end customer, and smart contracts that execute automatically under predefined conditions. This brand of innovation renders traditional transfer agents obsolete, as blockchain verifies and validates securities ownership.



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MicroStrategy Stock Revised To Overweight, MSTR Price Target $194

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American business intelligence company MicroStrategy stock has received an overweight rating from Cantor Fitzgerald on Wednesday, suggesting that the company is a good investment opportunity. The analysts also gave a higher price target for MSTR stock.

Bitcoin Investment Firm MicroStrategy Receives Buy Rating

Cantor Fitzgerald analyst Brett Knoblauch initiates coverage on MicroStrategy (NASDAQ: MSTR) on August 21. MicroStrategy stock has received an “overweight” rating from Cantor Fitzgerald analyst Knoblauch. The rating comes in response to the increasing demand for Bitcoin and traditional finance firms’ entry into the crypto market.

The analyst also set a price target of $194, indicating a positive outlook on the stock based on the recent market performance. The MSTR shares are expected to outperform the market.

MicroStrategy stock price closed 1.23% lower at $133.69 on Tuesday. MSTR price is trading 2.64% up at $137.21 on Wednesday. The MSTR stock price has recorded more than 100% gains year-to-date.

The company recently announced a plan to raise as much as $2 billion to buy more bitcoins. The company to raise these funds by selling MSTR class A shares. It currently holds 226,500 Bitcoin worth nearly $14 billion, depending on market fluctuations.

The company saw losses in the second quarter results due to impairment losses of $180.1 million. The earnings per share and revenue also missed expectations. Still, the Bitcoin development company plans to continue buying bitcoins aggressively in this quarter.

Brokerage firm Bernstein also gave an outperform rating to MicroStrategy stock, claiming that the stock can double in value by the end of 2025.

Bitcoin Price to Rally On MSTR Demand?

Bitcoin accumulation by MicroStrategy is considered a bullish indicator by crypto investors as the company is the largest corporate Bitcoin holder. The BTC price typically shows upside momentum immediately after the company or its executive chairman Michael Saylor announces a new development. Notably, the upcoming $2 billion proceeds to buy more bitcoins could push BTC prices upwards towards $70,000.

Recently, the U.S. Securities and Exchange Commission approved the launch of MSTX 1.5% and 1.75% leverage ETFs by Defiance Investments. These are the first among leveraged single-stock ETFs targeting MicroStrategy.

BTC price fell more than 2% in the past 24 hours, with the price currently trading at $59,361. The 24-hour low and high are $58,610 and $60,976, respectively. Furthermore, the trading volume has decreased by 4% in the last 24 hours, indicating a decline in interest among traders.

Despite the drop in prices, analysts are largely bullish on the upcoming Bitcoin rally. K33 Research predicted an upcoming “short squeeze” triggering a sharp rally in BTC price.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Aptos Foundation teams up with Web3 streaming platform

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Aptos blockchain strengthens its ecosystem with Myco partnership, paving the way for decentralized streaming and the upcoming native token launch.



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Bitpanda and Coinmotion join forces to bring over 400 digital assets to Nordic users

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Key Takeaways

  • Bitpanda Technology Solutions expands Coinmotion’s crypto offerings to over 400 coins.
  • The partnership aims to enhance user experience and safety in crypto trading.

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Bitpanda Technology Solutions has teamed up with Coinmotion, a Finland-based top crypto broker, to offer over 400 digital assets to Nordic users, Bitpanda shared in a Wednesday announcement.

The collaboration is aimed at allowing Coinmotion users to access a broader array of digital assets through their existing app. The firm expects the enhanced crypto offerings to help increase user experience and revenue.

“This partnership enables Coinmotion to provide the widest selection of cryptocurrencies in the Nordic region, reflecting our mutual dedication to innovation, the future of digital assets, and, most importantly, user safety,” said Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions.

Both companies share a commitment to innovation and ensuring the safety of their users. Enzersdorfer-Konrad added that Bitpanda’s technology platform has made it easy for Coinmotion to expand its offerings, including trading and custody services.

Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, and Antti-Jussi Suominen, CEO of Coinmotion

Discussing the partnership, Antti-Jussi Suominen, CEO of Coinmotion, said Bitpanda’s technology will enable Coinmotion to quickly and safely increase its cryptocurrency offerings.

“With Bitpanda’s technology and support we can quickly and safely increase our offering to over 400 cryptocurrencies and continue delivering value to our customers through our user-friendly app and excellent customer service,” Suominen stated.

The Nordic region has seen growth in crypto ownership and engagement. An April study conducted by K33 Research and EY shows that approximately 1.5 million individuals in the Nordics own crypto, representing about 7% of the adult population.

The trend is particularly strong among younger generations, with over 70% of crypto owners being under the age of 40. The survey projects that the number of crypto owners in the Nordics could reach 4.6 million within the next decade.

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Dormant Bitcoin Wallets From 2013 and 2014 Come Alive Moving $20.3M  – Bitcoin News

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Dormant Bitcoin Wallets From 2013 and 2014 Come Alive Moving $20.3M As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly Awaken, Moving $20.3 Million On Wednesday, a bitcoin wallet that had been inactive since Aug. 18, 2014—almost […]



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Pawfury PAW: The Next 100x Crypto Star? Here’s What Experts Are Saying

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The cryptocurrency landscape is abuzz with excitement as Pawfury (PAW) takes centre stage, captivating the attention of industry experts and seasoned investors alike. With its innovative approach and remarkable presale success, Pawfury is being hailed as a potential 100x investment opportunity, drawing parallels to early-stage projects that went on to deliver astronomical returns.

Pawfury (PAW) – The New Emerging Star

Pawfury (PAW) is becoming the new golden star in the cryptocurrency market. This innovative coin stands out with its substantial benefits to its holders. Pawfury (PAW) demonstrates exceptional growth potential with robust community support and ongoing development efforts. Its strategic approach and advanced features make it a top contender for investors seeking high returns. As Pawfury (PAW) continues to shine, it promises to be a leading force in the ever-evolving crypto landscape.

pawfury-presalepawfury-presale

Join Now for a Chance to Benefit with PAW

Investor Rewards in Pawfury’s Multi-Stage Approach Pawfury’s presale ensures fair token distribution and investor benefits through its multi-stage structure. Early participants enjoy lower token prices, thanks to the incremental pricing model. This strategy not only creates excitement but also draws in capital, boosting liquidity and market stability.

To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “EXTRA10X” for a limited time.

Now or Never: Take the Leap

Token Distribution Benefits for Early Pawfury Investors Pawfury’s presale is crafted to ensure fair token distribution and provide benefits to investors. Featuring multiple stages with increasing prices, the structure rewards early participants with lower token costs. This model not only builds excitement but also attracts capital, enhancing liquidity and market stability.

To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “PROFITPAW10X” for a limited time.

Expert Opinions: Why Analysts Are Bullish on Pawfury

Securing $5.3 million in a presale is no small feat, particularly in the fiercely competitive crypto market. This accomplishment underscores investors’ confidence in Pawfury’s prospects. The project’s innovative approach, coupled with its transaction fees and robust security measures has captured attention within the crypto community. As more investors join in, the excitement surrounding Pawfury’s launch continues to mount.

Closing Soon: Don’t Miss This Deadline

Pawfury offers a glimpse of the innovative potential within the crypto space. By applying expert strategies and considering emerging presales, investors may find opportunities even in the most challenging market conditions.

It’s important to note that Pawfury stands out among these options with its lucrative presale, low entry cost, and 10% extra bonus. Make sure not to overlook your chance to participate in this journey—secure your Pawfury tokens now before the presale ends and make sure to do your own research.

Visit the links below for more information about Pawfury (PAW):

Website: https://www.pawfury.com/

Whitepaper: https://www.pawfury.com/whitepaper.pdf 



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Bitfarms agrees to buy Stronghold Digital for $175M in stock and debt – CoinJournal

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Bitfarms agrees to buy Stronghold Digital for $175M in stock and debt
  • Bitfarms to acquire Stronghold Digital for $175M in stock and assumed debt.
  • Bitfarms’ stock fell 8%, while Stronghold’s rose 60% following the news.
  • Riot Platforms, holding 19% of Bitfarms, previously attempted a takeover in June.

In a significant development within the cryptocurrency mining sector, Bitfarms (BITF), a leading Bitcoin mining company, has announced its acquisition of rival Stronghold Digital (SDIG) for $175 million. The deal, which includes $125 million in stock and the assumption of $50 million in debt, marks a strategic move by Bitfarms as it continues to navigate a competitive industry landscape.

The acquisition terms specify that Stronghold shareholders will receive 2.52 Bitfarms shares for each Stronghold share they hold. This represents a 71% premium based on Stronghold’s 90-day volume-weighted average price on Nasdaq as of August 16.

The stock-for-stock transaction reflects Bitfarms’ aggressive growth strategy, despite recent challenges and market volatility.

Giving Stronghold Digital a lifeline

The deal comes on the heels of Stronghold’s announcement in May that it was exploring strategic alternatives, including a potential sale.

Stronghold, based in New York, has been actively considering its options in response to the evolving market conditions.

The acquisition provides Stronghold with a lifeline while enabling Bitfarms to consolidate its position in the market.

Riot Platforms abandoned Bitfarms takeover bid

Bitfarms’ move to acquire Stronghold is particularly noteworthy as it comes at a time when the company is also contending with an ongoing approach by Riot Platforms (RIOT).

Riot, which holds nearly 19% of Bitfarms, previously attempted to acquire the Toronto-based company in June. However, Riot chose to abandon the bid temporarily, opting instead to overhaul Bitfarms’ board of directors.

This strategic manoeuvre has kept Bitfarms in the spotlight, as Riot’s interest in the company is likely to continue influencing its future actions.

The market reaction to the acquisition has been mixed, with Bitfarms’ stock dropping nearly 8% in pre-market trading, while Stronghold’s shares surged by about 60%.

This acquisition underscores the ongoing consolidation within the cryptocurrency mining industry as companies seek to strengthen their positions in a rapidly evolving market.



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