“By offering crypto-asset custody, we are positioning ourselves with a clear added value for our corporate clients – while ensuring the highest security standards,” Stefanie Münz, member of the LBBW board of directors responsible for finance, strategy and operations, said in a press statement. “Bitpanda provides the necessary technical and regulatory infrastructure to offer our customers innovative and, above all, secure solutions in the area of digital assets.”
Xuirin Finance a pioneer for DeFi Card – Presale Stage 1 Sold out
Bankstown, Australia, April 15th, 2024, Chainwire
Xuirin Finance has recently presented its DeFi card, an innovative solution designed to merge the functionalities of traditional debit and credit cards with the decentralized financial services provided by DeFi. The introduction of this card aims to facilitate daily transactions using cryptocurrencies, enhancing their integration into the global payment ecosystem.
Overview of Xuirin Finance’s DeFi Card
The DeFi card from Xuirin Finance allows users to engage in a variety of financial transactions, including online purchases, bill payments, and cash withdrawals at ATMs, using cryptocurrencies. This initiative is part of Xuirin Finance’s efforts to increase the accessibility and practical use of digital currencies in everyday financial activities.
Presale Stages and Token Distribution
During the initial presale stage, Xuirin Finance offered 15 million tokens at a price of $0.03 each, reaching a funding cap of $450,000. Following the completion of Stage 1, the company is preparing for the second stage of the token presale, which involves offering 25 million tokens priced at $0.04 each, with a funding goal of $1 million.
Xuirin Finance’s $500K Mega Giveaway
In conjunction with its ongoing presale, Xuirin Finance has announced a Mega Giveaway, totaling $500,000 in prizes. This giveaway includes substantial rewards for 20 winners, designed to engage and expand the community around Xuirin Finance’s offerings. Participation in the giveaway requires a minimum investment in the presale, with additional engagement opportunities provided to enhance winning chances.
Key Features of Xuirin Finance’s Offerings
Xuirin Finance has integrated several features into its DeFi card, focusing on enhancing the practicality of cryptocurrencies for everyday transactions. These features include seamless online shopping, bill payments, and ATM withdrawals with digital currencies. The initiative reflects the company’s aim to improve the infrastructure supporting the broader adoption of decentralized finance technologies.
This section still highlights the value provided by Xuirin Finance, but in a way that sticks strictly to describing features without implying enthusiasm or encouraging investment.
Future Outlook for Xuirin Finance
As the presale progresses and Xuirin Finance continues to enhance its services, the company is focused on broadening the practical use of cryptocurrencies in everyday financial transactions. This initiative aligns with ongoing developments in the cryptocurrency sector aimed at enhancing user accessibility and convenience.
About xuirin
xuirin Finance is a groundbreaking DeFi platform dedicated to transforming the decentralized finance landscape. With a mission to bridge the gap between traditional finance and DeFi, Xuirin introduces innovative solutions such as DeFi Debit Cards, AI-Enhanced P2P Lending, and a secure, multi-chain DeFi Wallet. Designed for accessibility and user empowerment, Xuirin aims to redefine financial transactions, making them more efficient, transparent, and inclusive.
For additional information on Xuirin Finance and to participate in the ongoing presale, users can visit:
Users can join Xuirin Finance’s Presale here.
Contact
Aleksandar Milenkovic
XUIRIN FINANCE PTY LTD
[email protected]
JPMorgan Warns of Downside Risk in Crypto Markets
JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May. Crypto Market’s Downside Risk Warning Global investment banking giant JPMorgan published a report on Thursday, […]
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.
Hong Kong Poised to Greenlight Bitcoin and Ether ETFs
Hong Kong is on the brink of approving Bitcoin and Ether Exchange-Traded Funds (ETFs) as soon as Monday, according to sources familiar with the matter. This development represents a significant advancement for the cryptocurrency sector within the region.
Harvest Fund Management, in conjunction with Bosera Asset Management and HashKey Capital, is poised to receive approval for its spot Bitcoin and Ether ETF applications. By the end of April, these ETFs are anticipated to secure the green light from the Securities and Futures Commission (SFC). Furthermore, the SFC is reportedly collaborating with Hong Kong Exchanges & Clearing Ltd to finalize the approval process.
Although the precise timeline remains uncertain, sources indicate that initial approvals, which may encompass Hong Kong Bitcoin ETFs, could materialize as early as Monday.
Regulators in the region have already given the green light for the launch of crypto-based ETFs. Notably, CSOP Ether Futures, Samsung Bitcoin Futures, and CSOP Bitcoin Futures collectively boast an estimated value of $170 million.
Bitcoin ETFs have demonstrated robust inflows since their launch, contributing to a resurgence in the cryptocurrency markets. By mid-April, the total assets under management for the 11 ETFs are projected to soar to a record $73 billion, with $59 billion raised to date. The net flows into Blackrock’s iShares Bitcoin Trust have surpassed $15 billion in just three months.
As of the beginning of this week, Harvest was anticipated to secure approval to launch a spot Bitcoin ETF in the city. Both Harvest and China Asset Management received approval from the SFC to offer virtual asset fund management services on April 9.
Regulators are actively working towards enabling investors to purchase spot ETFs. Julia Leung, deputy chief executive director of intermediaries for the SFC, affirmed that the regulator is “actively seeking to establish a regime to approve ETFs that provide investor guarantees for mainstream virtual assets.”
Despite encountering setbacks such as the emergence of JPEX, an unlicensed crypto exchange implicated in an alleged $1.6 million fraud, Hong Kong remains steadfast in its ambitions to support crypto entrepreneurs and restore its reputation as a global business center.
Featured Image: Freepik
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Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April
After months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their current course. Maintaining the Momentum of the Naira According to […]
Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop
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Ripple CEO sees crypto market hitting $5T by year-end: here are the top 3 picks
- Ripple CEO is claiming the crypto market could reach $5 trillion by the end of 2024.
- Investors are looking for better opportunities to invest and gain lucrative profits if that happens.
- According to some analysts, Solana (SOL), Sui (SUI), and Borroe Finance ($ROE) could be some of the best altcoins to include in investment portfolios.
Ripple CEO, Brad Garlinghouse, is bullish on the crypto market, predicting that the crypto market cap could double and reach around $5 trillion by the end of 2024.
Garlinghouse believes spot ETF approval and the Bitcoin halving event will fuel this prediction. But he also emphasized the crucial impact of favourable U.S. regulatory changes on the crypto market’s growth.
The crypto community is understandably excited about this market prediction, with investors and analysts digging into the numbers to determine which tokens could be the best bets to capitalize on this growth.
Many experts believe SOL, SUI and Borroe Finance ($ROE) could be some of the top crypto coins to consider adding to your portfolio ahead of this market expansion. Let’s take a look at their reasoning.
Solana validators approve ‘Timely Vote Credits’
Solana validators have agreed on a “Timely Vote Credits” plan, which speeds up transactions. It does so by modifying the consensus vote latency. The proposal was passed on April 8 with 98% votes.
Besides, SOL was trading around $172 in the second week of April with minor fluctuations. Experts say it is near the crucial support level of $170. If it breaks down from here then, SOL might trade around $160 by mid-2024.
However, if Solana (SOL) price manages to stay above $172, then it could head towards $190 and eventually to $200. If the bullish momentum persists then SOL could trade around $250 by the end of 2024.
Is SUI ready to take off?
SUI has risen by 290% in the past year, from a low of $0.37 in October to its current price of $1.46. In mid-April, Sui was trading around $1.57 with the crypto market cap of $2 billion. SUI has been fluctuating between $1.35 and $2.15 in the past month.
Experts say SUI is in a downtrend now, with the support at $1.55. If it breaks below this support zone, then SUI could trade around $1.30 by mid-2024.
Still, many analysts are optimistic about SUI’s growth potential, with some indicating that if it breaks above the resistance level of $1.70, then it will move towards $1.80. By the end of 2024, SUI has the potential to trade around $2.50, according to a number of forecasts.
Borroe Finance presale on fire
Borroe Finance is attracting investors in its final stage of the presale. They raised over $3.66 million by selling over 282 million $ROE tokens. In Stage 5, $ROE is priced at $0.02 per token, and it will be listed at a price of $0.025 across several exchanges.
This will generate 25% profit for new investors. In addition, current investors are also enjoying a 15% bonus when they use a promo code (“WELCOME”), but data suggests there are now only 153 million $ROE tokens left to be sold.
Borroe Finance aims to revolutionize Web3 business funding through blockchain, AI-powered risk assessments, and smart contracts. It offers quicker access to capital by allowing businesses to mint and sell NFTs. These NFTs represent their future revenue.
ROE utilizes the Polygon blockchain for its efficiency and low fees. The team is experienced and always brings their best to the table. Some crypto analysts are predicting that Borroe Finance could be one of the best blockchain ICOs in the market today, which is why many investors are to HODLing $ROE tokens.
To learn more about Borroe Finance ($ROE), visit Borroe Finance presale or join their Telegram Group or follow Borroe Finance on Twitter.
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […]
Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered the ex-engineer to forfeit roughly $12.3 million. Ex-Engineer Sentenced to Three Years […]
Why Did Dogecoin, Shiba Inu, And Other Meme Coins Crash?
The meme coins sector of the crypto market is taking a big hit amidst a wider price decline in the industry. Recent lackluster price action has seen most cryptocurrencies struggling to maintain bullish price action for the majority of last week.
This price decline has now been exacerbated with the latest escalation of tensions in the Middle East which seems to have rattled investors and driven down prices of popular meme coins.
As news broke of Iranian fighter drones on their way to Israel, meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF) saw price drops of over 10% in a matter of hours.
Meme Coins Bleed
Meme coins are one of the most volatile investment assets with quick rises and crashes. The reality is their values are largely driven by hype, speculation, and quick changes in investor sentiment rather than real-world utility or adoption.
According to Coinmarketcap, the meme coin market has fallen by 12% in the past 24 hours and the downward pressure is likely to continue. Interestingly, most meme coins have been registering price declines since the beginning of the month as activity and social media hype began to wane.
DOGE (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), PEPE, and Floki, are currently down by 18%, 23%, 33%, 25%, and 32% respectively in the past seven days.
DOGE, the original meme coin, has dropped by a significant 12% in the last 24 hours. Particularly, DOGE fell to $0.135 on April 13 at 5:30 pm Eastern Time for the first time in three weeks. Dogecoin has also seen its weekly active trader count plunge and was recently overtaken by DOG and DEGEN.
Bitcoin is now trading at $64.390. Chart: TradingView
SHIB and WIF, two of DOGE’s main competitors in the meme coin space, have also posted substantial losses. These coins tend to trade in tandem with DOGE. At the time of writing, SHIB is down 14% while WIF has dropped over 11% in the past 24 hours.
PEPE has not been immune to the market sell-off. The meme coin has plunged 14% in the last 24 hours, extending its week-long slump. FLOKI and BONK follow behind with a 15% and 11% fall respectively in the same timeframe.
Rebound Or Further Decline?
Recent market fundamentals point to a continued selloff in the short term. Investors tend to dump risky, speculative assets during geopolitical crises and market turmoil.
According to Coinglass, the open interest on DOGE, WIF, PEPE, and SHIB positions has fallen by 23.91%, 13.78%, 36.62%, and 18.68% in the past 24 hours. This suggests money flowing out of these assets and traders exiting positions.
On the other hand, the volatile nature of cryptocurrencies means the meme coins could flip into a bullish trajectory as soon as possible.
Featured image from Pixabay, chart from TradingView
Why Bitcoin Halving Calculators Are Out of Sync
The Bitcoin halving is scheduled to occur every 210,000 blocks, or roughly every four years. This particular event will be executed automatically by the network at exactly blockheight 840,000. Based on the way Bitcoin’s creator Satoshi Nakamoto designed the system, bitcoin miners “find” the next block to hash to the blockchain every 10 minutes, meaning it should be easy to figure out precisely when the next halving should happen down to the minute.
Bitcoin Dips to $66K, Altcoins Drop 10-15% Amid Market Turbulence
Cryptocurrencies experienced a significant downturn, with bitcoin (BTC) plummeting to below $66,000 and altcoins witnessing declines ranging from 10% to 15% on what proved to be a challenging day for risk assets.
Ryze Labs, in a report, warned investors to brace for continued market weakness beyond the current decline, attributing it partly to the ongoing tax season.
During the U.S. trading session, digital assets succumbed to risk-off sentiment prevalent in traditional markets, exacerbated by heightened geopolitical tensions. Bitcoin, which had flirted with the $71,000 mark earlier in the day, saw a rapid descent to $66,000 before rebounding slightly to $66,700, marking a more than 5% decrease over 24 hours.
Ether (ETH), the second-largest cryptocurrency by market cap, mirrored bitcoin’s decline, plunging as much as 12% to $3,100 before a modest recovery trimmed the losses to 8%.
The broader crypto market was hit harder, with the CoinDesk 20 Index (CD20) witnessing a nearly 10% drop. Altcoins like Cardano’s ADA, Avalanche’s AVAX, bitcoin cash (BCH), filecoin (FIL), and aptos (APT) suffered losses ranging from 15% to 20%.
The market turbulence triggered the largest leverage washout in a month, with approximately $850 million of leveraged derivatives trading positions across all digital assets liquidated, according to CoinGlass data. Long positions, amounting to $770 million, were particularly affected, as investors betting on rising prices found themselves caught off guard by the sudden downturn.
The dip in crypto prices coincided with a decline in stock markets amid escalating geopolitical tensions in the Middle East. U.S. authorities’ warnings of a potential significant attack by Iran on Israel contributed to a risk-off atmosphere, prompting investors to seek refuge in traditional safe-haven assets such as Treasury bonds and the U.S. dollar index (DXY).
Meanwhile, digital asset investment firm Ryze Labs cautioned of short-term market softness due to the upcoming tax season but maintained a positive long-term outlook. It anticipates relief for the asset class as policymakers may adjust monetary policy to facilitate U.S. government debt rollovers.
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US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham’s Data Shows
The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador has been purchasing one bitcoin daily as announced by its president. Top Government Holders […]
Bitcoin Falls 8%, Drops Below $62K Before Rebound
Bitcoin and the broader cryptocurrency market fell nearly 10% on Saturday.