Canine-Inspired Cryptocurrencies See Unprecedented Surge in Trading Volume!

• Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have collectively accounted for $25.6 billion in trading volume within the past month.
• Dogecoin saw $17.5 billion in trading volume over the past month compared to SHIB’s $7.2 billion.
• Bonk Inu’s roller-coaster price trajectory has also inspired a non-fungible token (NFT) collection and induced a Solana price surge.

Dogecoin, Shiba Inu, and Bonk Inu have become the talk of the town over the past month. The three cryptocurrency tokens have seen an unprecedented surge in trading volume, with the trio combining for an impressive $25.6 billion in monthly trading volume.

Dogecoin has been leading the pack, accounting for $17.5 billion in trading volume in the same period. This comes as no surprise, as Dogecoin has been at the forefront of the cryptocurrency boom and has been steadily gaining traction since it first launched in 2013. Its popularity has led to numerous partnerships and collaborations, most notably with the NBA’s Dallas Mavericks and Tesla CEO Elon Musk.

Meanwhile, Shiba Inu has been steadily gaining popularity as well, with the token seeing $7.2 billion in trading volume over the same period. Shiba Inu is an Ethereum-based token that was launched with the goal of becoming the „Dogecoin Killer,“ and it has certainly come a long way since its launch in 2020. The token has seen numerous developments and partnerships, including with the NBA’s Toronto Raptors and the world’s largest cryptocurrency exchange, Binance.

Lastly, Bonk Inu has also seen a surge in trading volume in the past month, having done $885 million in trading volume since its December 25th launch. Bonk Inu is a Solana-based token that has been on a wild ride since its launch. The token’s roller-coaster price trajectory has inspired a non-fungible token (NFT) collection, and its popularity has induced a Solana price surge.

It is clear to see that canine-inspired tokens have become very popular within the cryptocurrency space, and it will be interesting to see where they go in the coming months. With the amount of trading volume they have seen in the past month, it is safe to say that these tokens are here to stay.

Japan Push for Global Crypto Regulations, FTX Japan to Resume Withdrawals

• Japan is pushing for global regulations of the cryptocurrency industry on the International Financial Stability Board.
• Japanese financial regulators have urged their counterparts globally to toughen crypto regulations.
• The Japanese regulator is communicating closely with FTX Japan and the firm will resume withdrawals in February.

Japan is pushing for global regulations of the cryptocurrency industry as the country’s financial regulators have urged their counterparts around the world to toughen crypto regulations. According to a Bloomberg report, the Deputy Director-General of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, spoke about FTX Japan and its current situation.

Last week, the Delaware Bankruptcy court handling the FTX Bankruptcy case agreed to the sale of FTX Japan and three other assets. Following this, 41 companies showed interest in the sale, including Monex. Monex CEO, Oki Matsumoto, believes buying FTX Japan will reduce the competition in the local market. Yanase noted that the FTX subsidiary’s assets have been separated from the rest of FTX, and the Japanese regulator is communicating closely with FTX Japan. It was also announced that the firm will resume withdrawals in February.

When discussing what tougher crypto regulations will look like, Yanase stressed that the problem isn’t with cryptocurrencies themselves, but with their trading. He pointed out that the Japanese regulator is focused on preventing the misappropriation of customers’ funds and other illegal activities. He added that a more stringent regulatory framework is needed to ensure that exchanges are subject to the same rules as traditional financial institutions.

Japan is also using its position on the International Financial Stability Board to push for global regulations of the cryptocurrency industry as it seeks to protect investors and consumers alike. With tighter regulations, the country hopes to create a more secure and transparent environment for the industry to thrive.

Tencent Takes On TikTok With New Short-Video Platform!

Bullet Points:
• Tencent Holdings is set to challenge ByteDance’s dominance with its own TikTok.
• Tencent is using WeChat Channels to promote its app’s short-video platform.
• Tencent has featured the likes of Backstreet Boys, Westlife, and Jay Chou for live-streamed concerts.

Tencent Holdings, a Chinese multinational and entertainment company, is determined to challenge ByteDance’s TikTok dominance with its own short-video platform. A source revealed that Tencent has created a team of content creators to launch its own TikTok in the Chinese market since 2016. In an effort to further expand its reach, Tencent has been using WeChat Channels to help promote the app’s short-video platform.

WeChat Channels hosted an online concert last summer which featured the Backstreet Boys. The boy band performed on a stage in Pennsylvania and received an estimated 44 million views across different locations. This is just one of the many events conducted by Tencent to promote its app’s short-video platform. In addition to the Backstreet Boys, Tencent has also featured the likes of Westlife and Taiwan’s Jay Chou for live-streamed concerts.

Tencent’s goal is to create a user-friendly and engaging platform that can compete with TikTok. With the help of WeChat Channels, the tech giant is able to provide a wide range of content for its users, from concerts to educational content. This will help Tencent to attract a larger audience, as well as create a more enjoyable experience for users.

Tencent is also investing in content creators, offering them resources and support to create engaging content. This will help Tencent to create a vibrant community and ensure that its platform remains competitive.

In the end, Tencent is determined to challenge ByteDance’s dominance with its own TikTok. With the help of WeChat Channels and its focus on content creators, the tech giant is well on its way to becoming a major player in the short-video platform market.

SEC Charges Crypto Exchange Gemini and Lending Firm Genesis With Unregistered Securities

• The U.S. Securities and Exchange Commission (SEC) charged crypto exchange Gemini and crypto lending firm Genesis Global Capital with offering and selling unregistered securities.
• The SEC claims that the Earn program constitutes the offering and sales of securities that should have been registered.
• Both companies generated assets worth hundreds of dollars from hundreds of thousands of investors.

On January 12th 2021, the U.S. Securities and Exchange Commission (SEC) took action against two companies in the cryptocurrency space, charging crypto exchange Gemini and crypto lending firm Genesis Global Capital with offering and selling unregistered securities. The action was taken after the two companies reached an agreement in December 2020 to provide customers of the exchange company with a yield-bearing crypto product, which was launched in February 2021.

The product, called Gemini Earn, promised returns of up to 8% for customers who loaned their crypto assets to Genesis. Under the agreement, the crypto lending firm was to repay the customers with interest. The SEC noted that after Genesis sent a portion of the profits of the loan back to Gemini, the latter distributed it to investors who participated in the Earn program.

The Commission concluded that the Earn program constitutes an offering and sales of securities that should have been registered with the Commission. Moreover, the SEC revealed that both companies had generated assets worth hundreds of dollars from hundreds of thousands of investors.

In the wake of this action, the SEC is seeking civil penalties, disgorgement, and injunctive relief against Genesis and Gemini. The Commission also noted that the companies have agreed to a cease-and-desist order, and to pay disgorgement of all gains derived from the sale of unregistered securities, along with prejudgment interest, and a civil penalty.

The SEC’s action serves as a reminder to crypto companies that they must comply with the same federal securities laws as traditional companies. Moreover, the Commission’s action makes it clear that companies should not assume that their activities are exempt from registration requirements, and that they must take steps to ensure that they are in compliance with all applicable laws and regulations.

Bitcoin Breaks Above $19K for First Time in 8 Weeks

• Bitcoin price gained over 3 percent on Thursday and briefly traded above $19K for the first time in eight weeks.
• The increased upward volatility on the Bitcoin and altcoin market coincided with the United States Consumer Price Index (CPI) data released on January 12.
• Over $80 million short traders have been liquidated in the Bitcoin market in the past 24 hours according to aggregate data provided by Coinglass.

On Thursday, Bitcoin briefly traded above $19K for the first time in eight weeks, gaining over 3 percent on the day. This was in part fueled by data from the United States Consumer Price Index (CPI) released on January 12. The CPI data remained unchanged, which meant US inflation stagnated at 6.5 percent, causing the US dollar to weaken and the crypto and altcoin markets to respond positively.

The increased upward volatility of the Bitcoin market was also driven by large Bitcoin whales significantly contributing to the rally. According to aggregate data provided by Coinglass, over $80 million short traders have been liquidated in the Bitcoin market in the past 24 hours, with a total of 38,245 traders being rekt in the same period. The largest single liquidation order happened on the crypto exchange FTX, with a total of $20 million being liquidated.

These events have been largely credited for the renewed upward momentum of the Bitcoin market, which has been struggling to break above the $19K mark for the last few weeks. Despite the bullish sentiment, analysts are warning against over-leveraged trading, as Bitcoin is still highly volatile and the market could easily swing the other way if certain conditions are met.

Cointelegraph launches a newsletter for professional investors

Every 1 to 15 years, Cointelegraph Consulting provides the latest scoop on cryptomoney price action and justification in its Market Insights newsletter. Here is a preview of one of this month’s issues.

Editor’s Note

Crypto asset prices have risen in recent weeks, with several altcoins recording gains reminiscent of the great digital asset bubble of 2017. Assets such as Chainlink (LINK) and Band Protocol (BAND) have triple-digit percentage gains.

Bitcoin (BTC), the industry’s pioneering asset, has also shown significant upward action. The asset rose slightly above USD 12,0000 on August 2 before falling back over USD 1,000 in the same 24-hour period. August 10 saw BTC return to the $12,000 level, again facing rejection, sustaining a subsequent drop of several hundred dollars. However, general sentiment in the area of investment and trade in cryptosystems remains bullish.

Traditional financial players also continue to enter the digital assets industry through Bitcoin, with intelligence giant MicroStrategy as one of the newest entrants. By purchasing more than 21,000 BTCs, the company has adopted the currency as its reserve asset.

Subscribe to the biweekly Cointelegraph Consulting report

Information on the area of digital assets
Bitcoin whales could have sold a share of their coffers. Recent data shows only 15,912 Bitcoin addresses with 100 or more BTCs, the lowest number in five years. Such network data implies that the large Bitcoin participants may be selling rather than accumulating.

The Grayscale Bitcoin Trust saw an increase in investor interest after March
In terms of sentiment, however, the active pioneer of cryptomonies shows an important change from the pessimism seen earlier. Over the past two weeks, the market has expressed a significant bullish tone, exceeding the standard deviations of 1.2 during Bitcoin’s most recent run to USD 12,000.

The data also shows an increase in the amount of dollars moving toward the central exchanges through the stablecoin fixed to the USDC, a signal that has often proven to be a precursor to a bullish Bitcoin price action.

Invest 3% in Bitcoin to avoid devaluation by the COVID-19 quarantine – says Mike Belshe
In contrast, the relationship between market value and the realized value of Bitcoin, or MVRV, seems problematic, registering a 30-day value of 1.15 on August 2. This essentially means that short-term Bitcoin investors boasted an average gain of 15% across the board.

On a separate front, Ethereum is on par with Bitcoin in terms of trading volume. Bitcoin records 3.4 times the trading volume seen on Ethereum’s blockchain, a shrinking lead, according to figures seen in early August.

3 reasons why MicroStrategy adopted Bitcoin and why others will do so

Read the full edition of the newsletter here to get the full portion of each scoop, with graphics and images.

Cointelegraph’s Market Insights newsletter strives to share our knowledge about the fundamentals that drive the market for digital assets. With the Etoro market intelligence of one of the leading analysis providers within the industry, Santiment, the newsletter addresses the latest data on social media sentiment, chain metrics and derivatives.

We also review the most important news affecting the industry, including mergers and acquisitions, changes in the regulatory landscape and business blockchain integrations. Register now to be the first to receive all this information.

Geldtransfer zwischen Cryptosoft User

Was ist eine Kryptowährung?
Eine Kryptowährung ist im Wesentlichen eine alternative virtuelle Währung, die zum Kauf und Verkauf von Waren und Dienstleistungen auf die gleiche Weise verwendet werden kann wie eine traditionelle „Fiat“-Währung. Transaktionen werden über einen sicheren, verschlüsselten Kanal durchgeführt, um Geld zwischen virtuellen „Wallets“ zu transferieren, ohne dass man eine traditionelle Bank oder einen Kreditkartenanbieter aufsuchen muss.

Kryptowährungen erleichtern den Geldtransfer zwischen zwei Parteien bei Transaktionen; diese Transfers werden Cryptosoft  durch die Verwendung öffentlicher und privater Schlüssel zu Sicherheitszwecken erleichtert. Diese Geldtransfers erfolgen mit minimalen Bearbeitungsgebühren, so dass die Benutzer die hohen Gebühren vermeiden können, die die meisten Banken und Finanzinstitute für Banküberweisungen verlangen.

So funktioniert Cryptosoft

Kryptowährungen unterscheiden sich etwas von traditionellen Währungen. Sie bieten ein „dezentrales“ Tauschmittel, was bedeutet, dass sie ihren Wert aus ihrer Nutzergemeinschaft ableiten, im Gegensatz zu traditionellen Währungen, die von Zentralbanken und Cryptosoft staatlichen Regulierungen kontrolliert werden. Dies bedeutet, dass der Wert viel mehr wie ein Lager oder eine Ware schwanken kann, abhängig von der Menge von Angebot und Nachfrage für diese Währung.

Was gibt ihnen ihren Wert?
Sie haben einen Wert, weil sie knapp, fungibel (eine Bitcoin ist so gut wie die andere), leicht zu übertragen und leicht zu überprüfen sind. Die einzige andere Komponente, die sie brauchen, um einen Wert zu haben, ist eine allgemeine Vereinbarung, dass sie als Tauschmittel verwendet werden oder eine vorherrschende Überzeugung, dass sie es in der Zukunft sein werden. Es ist die Variation dieser beiden Faktoren, die den größten Teil der Volatilität des Wertes von Bitcoins heute ausmacht.

Sie werden durch nichts unterstützt, Cryptosoft weil sie eine Ware sind. Womit wird Gold unterlegt?

Die Preise basieren auf Angebot und Nachfrage, dem Kurs, zu dem eine Kryptowährung gegen eine andere getauscht werden kann.

Vorteile der Kryptowährung
1. Land der Freien
Mit Kryptowährung können Sie von überall auf Ihr Geld zugreifen. Da es sich um eine Währung handelt, die online existiert, gibt es keine Inflation oder Deflation, die bei den Wechselkursen zwischen den Ländern zu berücksichtigen ist. Sie können frei über Grenzen hinweg fliegen, ohne sich um Feiertage oder erpresserische Kreditkartentransaktionsgebühren zu kümmern.

2. Sicher n‘ Sicher
Ihre persönlichen Daten werden mit Kryptowährungen hochsicher aufbewahrt. Betrug wird durch die Unumkehrbarkeit von Kryptozahlungen unmöglich gemacht. Dies schützt Sie vor Risiken wie Identitätsdiebstahl und Verlust persönlicher Daten.

Geschichte der Kryptowährung
Die erste Kryptowährung war Bitcoin. Bitcoin wurde 2009 von einem pseudonymen Entwickler namens Satoshi Nakamoto entwickelt. Bitcoin verwendet SHA-256, eine Reihe von kryptographischen Hash-Funktionen, die von der U.S. National Security Agency entwickelt wurden. Bitcoin ist eine Kryptowährung, die auf dem Proof-of-Work-System basiert.