Category : CoinJournal

CoinJournal

Bitcoin network hash rate hit a record high in May

Bitcoin network activity climbed for the fifth month straight. Mining difficulty and transaction fee also climbed in May. The world’s largest cryptocurrency lost about 8.0% last month. Bitcoin may have lost about 8.0% last month on macro unce...

CRUX Unveils a Thrilling Journey: Game Development, CEX Listing, and a Marketing Evolution

$CRUX, the new blockchain-powered gaming and financial platform, is proud to announce aims to revolutionize the crypto gaming industry and pave the way for exciting new milestones. They started to establish themselfs as a driving force in the gaming...

How a frog-themed token shapes Ethereum gas fees in 2023

We all know the cryptocurrency world is attached to memes and entertainment. From the Dogecoin meme coin that got the interest of Elon Musk to the Shiba Inu cryptocurrency that tried overcoming it, memes are catchy and thriving in the crypto market....

TRX now live on Ethereum via the BitTorrent Bridge

Tron founder Justin Sun has announced that TRX is now accessible on Ethereum. According to Sun, Tron will leverage the BitTorrent Bridge, which provides a chain-agnostic asset transfer solution, to bring TRX to Ethereum. The price of TRX rose slight...

Crypto price predictions: Sui, Jasmy, Avalanche (AVAX)

Sui Blockchain made headlines by partnering with RedBull Racing. Jasmy has formed a rising wedge pattern on the hourly chart. AVAX has formed a double-bottom pattern. Cryptocurrency prices remained in a consolidation mode this week even after...

DPAT Raises Private Funding To Enhance Web3.0 Ecosystem

Accra, Ghana, June 2nd, 2023, Chainwire DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated ro...

What does Binance leaving Canada mean for the crypto industry?

Key Takeaways Binance has become the latest crypto company to depart Canada amid regulatory concerns Canada is a small market but US regulators have also clamped down severely& The move by Binance amplifies the growing concern within the indust...

Pink Moon Studios Reveals ‘KMON: World of Kogaea’ Pioneering a New Era in Web3 Open-World Gaming

Singapore, Singapore, June 2nd, 2023, Chainwire Pink Moon Studios, a leading innovator in the Web3 gaming industry, is thrilled to announce the launch of their latest sensation, “KMON: World of Kogaea.” This immersive 3D open-world game,...

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for...

Michael Novogratz says Bitcoin will be ‘off to the races’ near year-end

Bitcoin ended May down 8.0% &- its worth month since November. Galaxy Digital CEO Michael Novogratz is still bullish on BTC. He explained why this morning on CNBC’s “Squawk Box”. Bitcoin just had its worst month since late las...

Hong Kong-based First Digital launches new USD-backed stablecoin

First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held in segregated accounts at regulated financial institutions. The FDUSD stablecoin will launch on...

SYS Labs announces mainnet release for Rollux

SYS Labs has scheduled the Rollux mainnet launch date as June 28, 2023. Rollux is an EVM-compatible Layer-2 scaling platform. The mainnet launch is expected after a successful testnet and positive feedback from the community. SYS Labs has announced...

MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves

The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s $1 billion supply. New York state regulators in February forced Paxos to halt...

Circle to launch USDC natively on Arbitrum

USDC natively issued by Circle will become the official version of the stablecoin on Arbitrum. The company expects native USDC to gradually replace “bridged USDC” liquidity from Ethereum. Circle says the launch will go live on June 8 and...

Devour & Alterverse Partner to Bring the World’s First Web3 Food Ordering Marketplace to the Metaverse

Phoenix, AZ, June 1st, 2023, Chainwire Devour, a pioneering restaurant engagement technology company, is thrilled to announce its strategic partnership with AlterVerse, an innovative force in the gaming industry. The collaboration aims to revolutioni...

Sui Blockchain partners with Formula One’s Oracle Red Bull Racing team

The deal will see Sui roll out a series of digital experiences for racing fans. At press time, the SUI token was trading at $0.9587, down 1.07%. Oracle Red Bull Racing has made several crypto partnerships recently including with Bybit. Sui Blockcha...

Ethereum gas fee sinks close to 70% in under a month

Ethereum gas fee tanked all the way down to under $5 in May. BlackRock CEO Larry Fink reiterates dedollarisation as a real risk. Ethereum is currently down more than 10% versus its YTD high. Ethereum gas fee declined by close to 70% in just under a...

Report: Bitcoin mining stocks – extreme volatility and underperforming Bitcoin

Key Takeaways Bitcoin mining stocks have traded with significantly more volatility than Bitcoin itself Mining stocks have underperformed, as rising energy costs and increased competition has cut into profits Miners also overleveraged during the pand...

Cardano price prediction for June: Is ADA a buy or sell?

Cardano has strong fundamentals as the total value locked jumps. Its DeFi TVL has jumped to the highest level on record. Cardano price had a difficult performance in March as cryptocurrencies recoiled. ADA slipped to a low of $0.36, where it ha...

Canadian crypto exchange Bitvo reduces withdrawal fees by 50%

Several cryptocurrency exchanges have announced leaving the Canadian crypto market citing the Canadian regulations. Bitvo aims to leverage the market gap created by the leaving crypto exchanges. The reduced withdrawal fee takes effect starting today...

Crypto.com completes its licensing process in Singapore

Crypto.com received an in-principle approval in Singapore last June. Coinbase and Blockchain.com are the other exchanges that have received in-principle approval in Singapore. Crypto.com has now been awarded Digital Token License in Singapore. A ye...

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