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  • El Salvador launches civil servants Bitcoin certification, collaborates with Argentina

    El Salvador launches civil servants Bitcoin certification, collaborates with Argentina

    El Salvador launches civil servants Bitcoin certification
    • El Salvador launches 160-hour Bitcoin certification for 80,000 civil servants.
    • The program aims to enhance governance and build a Bitcoin-ready workforce.
    • Argentina collaborates with El Salvador to learn from its Bitcoin adoption success.

    The El Salvador government, through its National Bitcoin Office (ONBTC), has embarked on an ambitious initiative to upskill 80,000 civil servants with a comprehensive Bitcoin certification program.

    This is part of the nation’s ongoing commitment to integrating Bitcoin (BTC) into its economy and governance.

    The certification program, named “Certification in Public Administration 1,” consists of a 160-hour virtual and asynchronous course divided into seven modules. Each module is designed to impart essential knowledge about Bitcoin, including its legal framework, strategic management, and the public policies surrounding its use as legal tender.

    The Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in August 2021, will conduct the training, aiming to elevate the standard of governance in El Salvador.

    Stacy Herbert, director of ONBTC, expressed optimism about the program’s long-term impact. She believes that educating civil servants on Bitcoin will have a “compounding effect” on the nation’s economy. “These education projects are low-time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy,” Herbert stated.

    This initiative is part of a broader strategy to create a Bitcoin-ready workforce, further solidifying the country’s reputation as a global pioneer in cryptocurrency adoption.

    Argentina seeks to learn from El Salvador’s Bitcoin experience

    El Salvador’s success with Bitcoin has also garnered international attention, particularly from Argentina. The South American nation, grappling with economic challenges, has sought to learn from El Salvador’s experience.

    Argentina’s National Securities Commission (CNV) kicked off discussions with El Salvador’s National Commission of Digital Assets (CNAD) in May 2024 to explore collaboration opportunities in cryptocurrency regulation and adoption.

    During a meeting between the two nations, Roberto Silva, president of Argentina’s CNV, emphasized the importance of strengthening ties with El Salvador. He hinted at potential collaboration agreements to leverage El Salvador’s insights into Bitcoin adoption, reflecting a growing interest in the cryptocurrency’s role in stabilizing economies facing hyperinflation.

    As El Salvador continues to champion Bitcoin, its efforts are not only transforming its own public sector but also inspiring other nations to explore the potential of digital currencies.

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  • Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading

    Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading

    Futu Securities launches Bitcoin and Ether trading
    • Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees.
    • New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia.
    • Futu seeks a crypto exchange license for PantherTrade amid Hong Kong’s crypto hurdles.

    Futu Securities International, Hong Kong’s largest online broker, has introduced retail cryptocurrency trading in the city, marking a significant advancement in its financial services.

    The brokerage firm, known for its extensive reach and innovative offerings, now allows residents to trade Bitcoin and Ethereum on its platform. This initiative comes after a partnership with HashKey Exchange, one of only two licensed cryptocurrency exchanges in Hong Kong.

    Bonuses and waived crypto trading fees

    The launch comes with enticing bonuses. New account holders who deposit HK$10,000 (approximately $1,280) for 60 days can receive either HK$600 worth of Bitcoin, a HK$400 supermarket voucher, or a share of Alibaba.

    Those who deposit HK$80,000 are eligible for HK$1,000 in Bitcoin or a share of Nvidia, whose stock has surged by about 130% this year.

    Additionally, Futu has waived commission fees for crypto trading starting August 1st, enhancing the appeal of their new service.

    Futu looking for a crypto exchange license

    Futu is also pursuing a cryptocurrency exchange license for its new platform, PantherTrade, which currently operates under a ‘deemed to be licensed’ status.

    PantherTrade is among 11 platforms in Hong Kong awaiting full approval from the Securities and Futures Commission (SFC).

    Hong Kong crypto industry challenges

    Despite these advancements, Hong Kong’s aspiration to become a global crypto hub faces hurdles. The city has experienced the exit of major global trading platforms and low trading volumes for crypto ETFs.

    Increased fraudulent activities, such as a recent scam involving counterfeit currency, have further complicated the situation.

    In response, Hong Kong authorities are enhancing their regulatory measures and law enforcement capabilities to address these issues and boost investor confidence.

    As Futu Securities deepens its presence in the cryptocurrency market, the success of its initiative will depend on balancing innovation with stringent oversight to ensure a secure trading environment.

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  • Binance to support Render token swap and rebranding, Solciety meme coin launches next week

    Binance to support Render token swap and rebranding, Solciety meme coin launches next week

    Binance to support Render token swap and rebranding
    • Binance will support Render’s RNDR to RENDER swap, suspending RNDR trades on July 22.
    • Solciety (SLCTY) meme coin, merging politics and memes on Solana, launches June 18 with a 30-day presale.
    • Solciety’s 30-day presale price is structured to increase from $0.000963 in the first stage to $0.002167 in the final stage.

    Binance has announced its support for the token swap and rebranding of the popular altcoin Render (RNDR) to Render (RENDER).

    Simultaneously, Solciety (SLCTY), a unique meme coin, is set to launch on the Solana network next week, promising to merge politics and memes for the “Degens.”

    Binance pledges to supports Render token swap and rebranding

    On July 22, 2024, Binance will suspend all RNDR deposit and withdrawal transactions. Additionally, all RNDR spot trading pairs, including RNDR/BTC, RNDR/USDT, and others, will be removed.

    Users are advised to complete their RNDR deposits before this date to avoid any inconveniences. The new RENDER trading pairs will become available on July 26, 2024, ensuring a smooth transition for all trading activities.

    Binance’s futures trading platform will close all RNDRUSDT perpetual futures positions on July 16, 2024. Similarly, margin pairs involving RNDR will be delisted, and all RNDR loan positions will be closed by July 17, 2024.

    Furthermore, Binance Pay will cease support for RNDR gift cards, converting any unused ones to RENDER gift cards automatically.

    The technical aspects of this token swap will be managed automatically by Binance, ensuring a smooth and efficient process for all users.

    Render tokens will be converted to RENDER at a 1:1 ratio, simplifying the transition.

    Upcoming Solciety (SLCTY) meme coin merges politics and memes

    Scheduled to launch on June 18th, Solciety (SLCTY) is set to become a notable addition to the Solana blockchain.

    By merging politics and memes, Solciety aims to cater to the “Degens,” individuals immersed in decentralized finance and internet culture.

    This strategic choice of Solana as the foundation leverages its high-speed transactions and low fees, making it an ideal platform for innovative projects like Solciety.

    At the heart of Solciety lies the Meme Campaigner, an innovative meme creation platform. This tool empowers users to generate and customize memes effortlessly, featuring over 200 traits, backgrounds, and fonts.

    By integrating news and current events, the Meme Campaigner ensures that memes remain relevant and timely.

    Additionally, the platform incentivizes community engagement by rewarding users with presale tokens for sharing their creations on social media, fostering a vibrant ecosystem of content creators and meme enthusiasts.

    Solciety (SLCTY) will start with a 30-days token presale

    The Solciety presale, commencing on June 18th, will last for 30 days, offering early adopters the opportunity to secure SLCTY tokens at progressively increasing prices.

    The presale structure, with price increments every 72 hours, incentivizes early participation and rewards early supporters.

    With a total supply of 3 billion SLCTY tokens, Solciety ensures a balanced distribution across various areas, including marketing, development, partnerships, and liquidity, to fuel the ecosystem’s growth and sustainability.

    The presale is designed to encourage early participation by increasing prices every 72 hours, rewarding those who invest early.

    Early investors can buy SLCTY tokens at $0.000963 during the first stage, with the final presale price projected to be $0.002167.

    Solciety has a total supply of 3 billion SLCTY tokens allocated across presale, marketing, rewards, development, partnerships, treasury, and liquidity, ensuring a balanced distribution to support the ecosystem’s growth and sustainability.

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  • Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

    Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

    • Starknet launches STRK token with 1.3M wallet Airdrop, OKX to list the token for trading.
    • The first STRK trading pair on OKX will be STRK/USDT.
    • Pullix (PLX) token price has increased from an initial price of $0.04 to $0.1 in its second-last presale stage.

    In a dynamic week for the crypto space, Starknet’s STRK token has taken the spotlight with a massive Airdrop to 1.3 million wallets. Simultaneously, leading exchange OKX has announced the listing of STRK, creating a buzz in the community.

    Adding to the fervour, Pullix’s PLX token enters its penultimate presale stage, promising unique features and a lucrative investment opportunity.

    Let’s delve into the details of these groundbreaking developments.

    Starknet’s STRK airdrop makes waves

    Starknet, the Ethereum-based ZK-Rollup Layer 2 network, has unveiled its highly anticipated STRK token through an extensive Airdrop campaign. The Starknet Foundation, responsible for the token launch, is distributing STRK to approximately 1.3 million wallet addresses.

    The STRK token is the native token of Starknet network and it plays a pivotal role in decentralization and governance within the network. Starknet enhances scalability for decentralized applications (dApps) using an Ethereum-based ZK-Rollup Layer 2 while ensuring the robust security of the Ethereum settlement layer.

    OKX listing the STRK token

    OKX Exchange, a major player in the cryptocurrency market, is set to provide its users with access to Starknet’s STRK token. The exchange’s decision to list STRK follows the highly anticipated Airdrop announcement, further fueling expectations for increased liquidity and trading opportunities.

    The STRK token will be tradable on the OKX exchange from February 19th at 09:00 AM local time. Users can also withdraw their STRK tokens starting February 21st at 04:00 AM local time. The initial trading pair offered is STRK/USDT, with additional pairs possibly emerging based on user demand and market conditions.

    The move by OKX to list STRK suggests that other prominent exchanges, including Binance, may soon follow suit. This potential expansion to other major exchanges could contribute to the broader adoption and recognition of Starknet’s innovative Layer 2 solution.

    Pullix: seizing the future of DeFi

    In the realm of decentralized finance (DeFi), Pullix is carving its niche with the PLX token, currently in its second-last presale stage. Offering a unique approach to trading, Pullix positions itself as a pioneer with a hybrid exchange, blending centralized and decentralized features for an enhanced user experience.

    The PLX token sets a precedent as the first “Trade-to-Earn” cryptocurrency. Holders enjoy benefits such as passive income, trading discounts, and exclusive rewards from the platform’s daily revenues.

    As Pullix advances through its presale stages, the PLX token is currently available at $0.1 up from the initial price of $0.04. The presale has raised $5,676,776 so far showing the high demand among investors.

    To purchase the PLX token before the price makes its final presale increment, visit the official Pullix website.

    Conclusion

    Starknet’s STRK token, with its groundbreaking Airdrop and listing on OKX, showcases the continued innovation within the blockchain ecosystem. Simultaneously, Pullix’s PLX token disrupts the traditional DeFi landscape, offering a compelling blend of features that could redefine the future of cryptocurrency trading.

    As these projects unfold, the crypto community eagerly anticipates the impact they will have on the broader digital asset landscape.

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  • 5IRE token launches on Bybit, pioneering sustainable blockchain era

    5IRE token launches on Bybit, pioneering sustainable blockchain era

    • The 5ire token (5IRE) has successfully debuted on the Bybit exchange.
    • With a community comprising entrepreneurs, developers, and sustainability advocates, 5ire emphasizes inclusivity and collaboration.
    • 5IRE has inked strategic collaborations with governments, universities, and enterprises globally, including the Government of India’s NITI Aayog.

    In a groundbreaking move, the 5ire token (5IRE) has successfully entered the Bybit exchange, signalling a positive shift in the blockchain landscape.

    This innovative cryptocurrency introduces a new paradigm, marrying profitability with a commitment to global sustainability.

    What is 5ire?

    At the heart of 5ire’s success is its unique approach grounded in the principles of the fifth industrial revolution. Unlike traditional blockchains notorious for energy consumption, 5ire adopts a Sustainable Proof of Stake (SPoS) consensus, prioritizing environmental consciousness. This groundbreaking consensus mechanism not only ensures profitability for investors but also financially rewards sustainable practices.

    The 5ire community, comprising entrepreneurs, developers, and sustainability advocates, actively contributes to the platform’s growth, fostering inclusivity and collaboration. By emphasizing Environmental, Social, and Governance (ESG) factors, 5ire positions itself as a leader in ESG as a Service (ESGaaS), leveraging blockchain for streamlined measurement, reporting, and analysis.

    5ire’s strategic partnerships and real-world impact

    5IRE’s commitment to real-world impact is evident through strategic collaborations with governments, universities, and enterprises globally.

    Notable partnerships, including one with the Government of India’s NITI Aayog, underscore the platform’s role in shaping the next generation of blockchain developers and promoting sustainability.

    As 5IRE takes its place on Bybit’s trading platform, investors can actively participate in this innovative and environmentally conscious ecosystem. The live 5IRE/USDT trading pair on Bybit offers a secure and user-friendly avenue for investors to contribute to a greener and more innovative crypto landscape.

    With a focus on economic and environmental sustainability, 5IRE stands as one of India’s fastest-growing unicorns, driven by a global community committed to creatively utilizing the 5ireChain—an EVM-compatible smart contract platform aligned with the United Nations Sustainable Development Goals (UN SDGs).

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  • Japan’s banking giant Nomura launches Bitcoin adoption fund

    Japan’s banking giant Nomura launches Bitcoin adoption fund

    • Japan’s financial giant Nomura launches Bitcoin adoption fund
    • The Bitcoin Adoption Fund is offered by Laser Digital Asset Management, a subsidiary of $500 billion Nomura.
    • Laser Digital’s new fund offers long-only exposure to Bitcoin (BTC).

    Nomura, a $500 billion Japanese investment banking giant, has launched a new Bitcoin fund for institutional investors.

    The new fund is an offering from Laser Digital Asset Management, a subsidiary of the Japanese financial behemoth and will offer institutions access to investment opportunities across the digital assets space.

    Fund offers long-term exposure to BTC

    Per details in a report by Bitcoin Magazine, the new fund is Laser Digital’s first product in a series of crypto investment solutions lined up for the growing market. Institutional investors will have access to long-only exposure to BTC.

    Sebastian Guglietta, the head of Laser Digital, noted that with technology key to the world’s economic growth, the Bitcoin adoption fund will be a crucial transformational agent for investors. According to him, providing investors with a means to gain long-term exposure to the benchmark cryptocurrency ensures they are able to capture the current macro trend.

    Laser Digital is headquartered in Switzerland and made one of its big forays into crypto via a strategic investment in Ethereum-based DeFi protocol Infinity. As CoinJournal reported, the investment happened in February this year. The company has also acquired regulatory approval as a virtual asset provider from Dubai’s regulatory agency.

    As part of the Bitcoin offering, Laser Digital is collaborating with institutional-focused digital asset custody provider Komainu. The regulated company launched in 2018, founded by Nomura, crypto hardware wallet maker Ledger, and digital assets manager Coinshares.

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  • Magic Eden launches its Bitcoin NFT marketplace

    Magic Eden launches its Bitcoin NFT marketplace

    • Magic Eden has launched the first fully audited Bitcoin NFT marketplace.
    • The marletplace has integrated two non-custodial wallets to support seamless transactions.
    • Magic Eden now supports NFT marketplaces for Solana, Ethereum, Polygon and Bitcoin.

    Cross-chain NFT platform Magic Eden has added to the impetus around NFT Ordinals on Bitcoin by launching a fully audited Bitcoin NFT marketplace. The digital artifacts marketplace will feature everything from images and audio clips.

    Magic Eden’s move means traders within the ecosystem are set to benefit from being able to buy and sell Bitcoin-based inscriptions tied to satoshi – the smallest unit of measuring value for BTC.

    A new dimension to NFT universe

    In a press release published on Tuesday, Magic Eden noted the infrastructure supporting Bitcoin inscriptions is growing, even as the network counts over 400,000 such digital artifacts so far. 

    At the moment, the Bitcoin NFT marketplace has integrated two non-custodial wallets – Hiro and Xverse – with support for features such as listing, delisting and buying and selling. The marketplace already offers access to more than 70 collections.

    Commenting on the development, Magic Eden co-founder and CEO Jack Lu, noted:

    “Adding a Bitcoin marketplace is really exciting for our team, considering it is the grandfather of all blockchains and we are all passionate about blockchain. Bitcoin Ordinals bring a whole new dimension into the universe of NFTs.”

    Part of the early efforts aimed at accelerating adoption include Magic Eden’s partnership with 13 top collections, including Inscribed Pepes, Taproot Wizards and Bitcoin Bandits. Digital artfacts on the platform will be subject to top quality filtering, with collectors having access to details such as Ordinal rarity, name, inscription number, age and so forth.

    “On Bitcoin, all media that is uploaded onto the chain cannot be changed or removed,” Lu said in a statement. “This simplicity is embraced by many creators who want to create true collectibles that are inscribed onto the chain. We’re excited to bring our winning marketplace user experience we’ve developed over the last year and a half to Bitcoin.”

    Magic Eden’s release of a Bitcoin NFFT marketplace builds on the company’s solid foundation as a top provider of blockchain and Web3 solutions. While it remains the leading NFT marketplace for Solana, this latest move adds to recent expansions to Ethereum and Polygon.

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  • Felin Token launches its first collection of NFTs.

    Felin Token launches its first collection of NFTs.

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  • Polygon (MATIC/USD) defends support as the last testnet launches with a huge milestone

    Polygon (MATIC/USD) defends support as the last testnet launches with a huge milestone

    • Polygon announced the second testnet before going live on mainnet 

    • MATIC has consolidated at $0.8 for the past week

    • The token could resist bear pressure to rise toward $1

    Polygon (MATIC/USD) traded at a support zone at $0.8 on Friday, a level it has held for a week. Although the consolidation is not positive for bulls, it should give hope for a potential recovery. That’s combined with positive cryptocurrency news for the Polygon network.

    According to the latest announcement, Polygon has launched its second and final public testnet. The testnet makes Polygon ready for the mainnet launch in Ethereum, expected in early 2023. The announcement indicated that the testnet was for a new upgrade, dubbed recursion. The upgrade is expected to boost Ethereum scaling significantly. 

    Polygon has lauded the upgrade, which says it is the first zkEVM, a new scaling technology on Ethereum. zkEVM is expected to enhance Ethereum’s speeds and privacy and cut transaction costs. That would make it easier to build dApps. 

    MATIC price is yet to react to the positive developments. However, data from PolygonScan shows that unique addresses on the network are rising. The addresses hit an all-time high of more than 201 million this week. The growth underlines continued growth in the activity that could boost MATIC’s price at a later date.

    MATIC defends the $0.8 zone from the bear pressure

    MATIC/USD Chart by TradingView

    The daily chart outlook puts bears in control of MATIC. The RSI remains below the midpoint, while the MACD indicator is bearish, with weak momentum. 

    However, from the price outlook, MATIC has stabilised around $0.08. Recovery could be underway if bulls continue to build up. Buyers are still few at the support. The price could head towards $1 next in the bull scenario.

    Concluding thoughts

    We remain in a largely bear market. However, MATIC price could find a short-term appreciation if the token recovers at the support. Activity is already building on the network to give buyers hope in the medium and long term.

    Where to buy MATIC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy MATIC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy MATIC with Bitstamp today

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  • ApeCoin (APE/USD) staking launches with a thud! Will bulls overcome relentless bears?

    ApeCoin (APE/USD) staking launches with a thud! Will bulls overcome relentless bears?

    • ApeCoin gained 3% on Friday and remains green over the week

    • ApeCoin will start to issue staking rewards on December 12

    • The cryptocurrency faces resistance approaching the upper limit of descending channel

    ApeCoin (APE/USD) staking functionality is no longer a dream – it’s a reality. Staking rewards are set to begin on December 12. Apes are making merry as the staking service launches with a thud, just like the APE airdrop.

    ApeCoin staking launched on December 5, much to the excitement of its communities. In just one day after the launch of the staking feature, $32 million worth of APE was deposited in the staking contract. Stakers are now expecting the rewards in a few days, with 175 million APEs expected to be distributed in three years. The number represents around 17.5% of the total ApeCoin tokens in circulation. Will the staking feature launch boost the price of APE?

    As CoinJournal previously reported, APE was gaining ahead of the staking service. The gains have cooled, in a typical buy the rumours, sell the news scenario. However, it is not that exactly, as APE had gained by an intraday of 3% as of press time. The cryptocurrency has remained at more than 2% in the past week. Will APE continue with the gains as the staking rewards trickle in? That will depend on the technical changes in APE price.

    ApeCoin trapped in a descending channel amid a bullish push

    APE/USD Chart by TradingView

    On the daily chart, APE trades on the upper limit of the descending channel. The cryptocurrency has been trading at this level for weeks, with bulls getting rejected. The price action is, however, looking increasingly bullish, as shown by a continued push to break higher.

    What to watch next for APE?

    A breakout at the upper limit of the descending channel is the key event for ApeCoin next. The breakout will see APE price also overcome a crucial resistance at $4.2.

    A breakout at the descending channel and $4.2 resistance will place APE for recovery to the next resistance at $5.0.

    Where to buy APE

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy APE with eToro today

    Nexo

    Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.


    Buy APE with Nexo today

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