Cryptocurrencies Today: News, Analysis, and Predictions ☀️

AI Protocol Nuklai Announces Launch of NAI Tokens

Apr 22, 2024 | 23:40 pm

Nuklai is set to advance its AI revolution with the launch of its native token NAI. Bootstrapped by Nexera, Nuklai is off to a good start with Gate.io listing. Nuklai, a Layer 1 blockchain designed to transform Artificial Intelligence (AI) through advanced data infrastructure and services has announced that its native token NAI is now [...]

Post Bitcoin-Halving Analysis : Potential for a Short Squeeze in Crypto Markets

Apr 22, 2024 | 23:33 pm

The post Post Bitcoin-Halving Analysis : Potential for a Short Squeeze in Crypto Markets appeared first on Coinpedia Fintech News After halving, Bitcoin’s price has been attempting to stabilize after reaching $64,926.64 over the weekend, with a slight increase bringing it to $66,500. According to a recent market update from crypto hedge fund QCP Capital, there are notable observations regarding the post-halving scenario and the broader crypto market. QCP Capital points out that while funding …

Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End

Apr 22, 2024 | 23:30 pm

Geoff Kendrick, head of digital assets research at Standard Chartered, recently reiterated the bank’s ambitious Bitcoin price target of $150,000 by the end of this year, despite current market volatility and geopolitical tensions. In a comprehensive interview with BNN Bloomberg, Kendrick highlighted the significant role of ETF inflows and upcoming halving events in driving Bitcoin’s price. Why Bitcoin Is Set For A Rally To $150,000 By Year-End One of the principal drivers identified by Kendrick is the remarkable influx of capital into Bitcoin ETFs within the United States. Since the inception of these ETFs in early 2024, they have witnessed approximately $12 billion in net inflows. Kendrick highlighted the significance of these developments, stating, “The ETF inflows in the US have dominated really the demand supply metrics in 2024 so far. This is huge in terms of how the ETFs have gone so far.” He drew parallels between the current trends in Bitcoin and the historical performance of gold following the introduction of gold ETFs. Kendrick elaborated on the potential scale of this trend by projecting, “From the start of this year to when the ETF market in the US is mature, we’ll get between $50 and $100 billion of inflow.” Related Reading: Conservative Projection Places Bitcoin At $245,000 In 5 Years In addition to the ETF inflows, the Bitcoin halving event was identified as another pivotal factor. This event, which reduces the reward for mining new blocks thereby halving the rate of new Bitcoin entering circulation, is set to reduce the daily production from 900 BTC to 450 BTC. Although Kendrick mentioned that this halving might be “less important than previous ones,” he still considers it significant in the short-term supply dynamics. He stated, “Obviously, once we have the halving […], you have only half as many new coins, so that helps at the margin.” Responding to questions about market skepticism, particularly criticism from figures such as JPMorgan CEO Jamie Dimon, who described Bitcoin as a “Ponzi scheme,” Kendrick offered a defense of Bitcoin’s underlying technology. He argued, “There’s a lot of people out there that don’t understand the basic methodology behind Bitcoin. And it’s really that blockchain technology, which is where the value is medium term.” Looking Further Ahead Kendrick continued, explaining the transformative potential of blockchain technology not just for financial services but across various industries, “Bitcoin is the first in on that. It’s the largest asset at the moment, makes up for more than 50% of the crypto market, but that opens up the Ethereum and other use cases, which quite frankly, over the next five to 10 years, you can easily see a lot of traditional finance go on chain.” Related Reading: Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’ Furthermore, he addressed the recent market volatility, noting that Bitcoin had experienced a significant sell-off just prior to the halving, with $260 million in Bitcoin leverage positions being liquidated. The Standard Chartered exec interpreted this as a market correction that might set the stage for a healthier build-up post-halving, saying, “We’ve had a large move lower in Bitcoin. Specifically, on Saturday last weekend, there were $260 million Bitcoin leverage positions that were liquidated. So the market is now looking much more square going into the halving, if you like, in terms of leverage.” Summarizing his perspective on the future trajectory of Bitcoin, Kendrick expressed a confident outlook, projecting not only recovery but a robust increase in Bitcoin’s price, driven by both the maturation of the ETF market and ongoing technological advancements. His vision for Bitcoin by the end of 2025 reaches even beyond the current year’s target, predicting a potential value of $200,000 per coin. At press time, BTC traded at $66,556. Featured image created with DALL·E, chart from TradingView.com

BREAKING: Venezuela Switches from USD to Bitcoin and Tether (USDT) for Oil Sales, Evading US Sanctions

Apr 22, 2024 | 23:27 pm

Venezuela pivots from USD to Bitcoin and Tether for oil sales to circumvent US sanctions. PDVSA mandates digital wallets for all clients, signaling a significant move towards digital currencies. In a significant overhaul of its financial strategies, Venezuela is transitioning from the US dollar to cryptocurrencies for oil transactions, aiming to navigate around U.S. sanctions [...]

Top Analyst See Bitcoin’s Daily RSI Breaks Out, Signals 15-20% Rally

Apr 22, 2024 | 23:25 pm

The post Top Analyst See Bitcoin’s Daily RSI Breaks Out, Signals 15-20% Rally appeared first on Coinpedia Fintech News Renowned crypto analyst Captain Faibik has hinted at a significant development in the Bitcoin market, sparking curiosity among investors. Faibik’s recent tweet suggests that Bitcoin’s daily Relative Strength Index (RSI) has broken out of a falling wedge pattern, signaling a potential bullish rally of 15-20%. Bitcoin’s RSI Breakout According to Faibik’s analysis, Bitcoin’s daily RSI …

PENDLE Price To Hit New ATH This Week As It Soars 11% Today?

Apr 22, 2024 | 23:05 pm

The post PENDLE Price To Hit New ATH This Week As It Soars 11% Today? appeared first on Coinpedia Fintech News The Pendle token has caught the attention of the market with the network’s unique ability to bring native crypto protocols to the DeFi. Recently, the Pendle price successfully claimed the 63rd spot in the list of top 100 cryptocurrencies by market cap with a valuation of over $1.55 Billion. In addition to this, the co-founder …

How to Earn $1,000 Worth of Bitcoin Using Cryptocurrency with Simpleminers Cloud Mining Platform

Apr 22, 2024 | 23:00 pm

The post How to Earn $1,000 Worth of Bitcoin Using Cryptocurrency with Simpleminers Cloud Mining Platform appeared first on Coinpedia Fintech News On the 12th of last month, the price of Bitcoin hit a record high of $72,953. With Bitcoin halved this month, the price will hit a record high again in the future. Investors holding Bitcoin today will be more confident than before. After this round of price carnival, the confidence of Bitcoin investors has indeed …

Ripple Responds To SEC Remedies With A $10 Million Power Move

Apr 22, 2024 | 23:00 pm

In the XRP lawsuit, Ripple has filed its opposition to the US Securities and Exchange Commission’s (SEC) motion for remedies and entry of final judgment. The fintech company counters the agency’s for nearly $2 billion in penalties with a proposed fine of just $10 million maximum. Filed late Monday, Ripple’s 186-page opposition document details its […]

THETA and Immutable X (IMX) Investors Keeping One Eye on the Fast Approaching Raboo (RABT) Presale

Apr 22, 2024 | 22:50 pm

The post THETA and Immutable X (IMX) Investors Keeping One Eye on the Fast Approaching Raboo (RABT) Presale appeared first on Coinpedia Fintech News As THETA and Immutable X (IMX) investors draw their attention to Raboo’s (RABT) presale, excitement mounts in the crypto community. With Raboo’s entry-level token presale priced at just $0.0036 and projected to surge 100x in 2024, coupled with its impact on the $62 billion meme market, investors are keeping a close watch on what is …

BlockDAG’s Innovative Moonshot Teaser Skyrockets Presale To $19.3M, Outperforming Ethereum And Chainlink’s Market Movements

Apr 22, 2024 | 22:45 pm

The post BlockDAG’s Innovative Moonshot Teaser Skyrockets Presale To $19.3M, Outperforming Ethereum And Chainlink’s Market Movements appeared first on Coinpedia Fintech News Cryptocurrency world-wise, innovative technology coupled with a strategic marketing approach is increasingly essential for standout success. While well-established players like Ethereum and Chainlink continue to enhance their offerings, BlockDAG steals the spotlight as we move into 2024 with its advanced mining solutions and a recently released teaser for an upcoming moon-based keynote. Furthermore, the release …

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization

Apr 22, 2024 | 22:40 pm

Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized […]

Robert F. Kennedy Jr. Plan to Bring U.S. Budget to Blockchain in 2024 Election Bid

Apr 22, 2024 | 22:31 pm

The post Robert F. Kennedy Jr. Plan to Bring U.S. Budget to Blockchain in 2024 Election Bid appeared first on Coinpedia Fintech News U.S. presidential candidate Robert F. Kennedy Jr. has recently promoted Bitcoin as “freedom tech” at ETHDenver. Prior to the presidential election, he has strongly opposed the policies of the USA on central bank digital currency (CBDC). In fact, he has repeatedly given importance to transactional freedom. According to Kennedy, Bitcoin is one of the most …

Raoul Pal Reveals The Best Altcoins in 2024

Apr 22, 2024 | 22:21 pm

The post Raoul Pal Reveals The Best Altcoins in 2024 appeared first on Coinpedia Fintech News In his latest video analysis, Raoul Pal took a unique approach to ranking the top 25 cryptocurrencies based on their potential longevity and adoption. He divided the ratings into four groups, which showed how confident he was in the future of each asset: S, A, B, and C/D. Starting with the top tier (S), Pal …

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

Apr 22, 2024 | 22:13 pm

BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630. BNB price started a fresh increase after it cleared the $550 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $608-$610 resistance zone. BNB Price Gains Strength After forming a base above the $520 level, BNB price started a fresh increase. There was a steady increase above the $550 and $565 resistance levels, like Ethereum and Bitcoin. The bulls pushed the price above the $580 pivot level and the 61.8% Fib retracement level of the downward wave from the $630 swing high to the $512 low. More importantly, the price is now trading above $580 and the 100 simple moving average (4 hours). It is consolidating just above the 76.4% Fib retracement level of the downward wave from the $630 swing high to the $512 low. There is also a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair. Source: BNBUSD on TradingView.com Immediate resistance is near the $608 level. The next resistance sits near the $630 level. A clear move above the $630 zone could send the price further higher. In the stated case, BNB price could test $650. A close above the $650 resistance might set the pace for a larger increase toward the $680 resistance. Any more gains might call for a test of the $720 level in the coming days. Are Dips Supported? If BNB fails to clear the $608 resistance, it could start a downside correction. Initial support on the downside is near the $592 level and the trend line. The next major support is near the $585 level. The main support sits at $570. If there is a downside break below the $570 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $532 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $592, $585, and $570. Major Resistance Levels – $608, $630, and $650.

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

Apr 22, 2024 | 22:13 pm

BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630. BNB price started a fresh increase after it cleared the $550 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a [...] The post BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High appeared first on Crypto Breaking News.

SHIB Mania with Shiba Inu & Shiba Budz, how to turn $250 to $2,500 in SHIB?

Apr 22, 2024 | 22:05 pm

In the bustling world of cryptocurrencies, Shiba Inu (SHIB) and its burgeoning counterpart, Shiba Budz […]

‘Buy Bitcoin’ Note From Janet Yellen Testimony Nears $140,000 In Auction

Apr 22, 2024 | 22:00 pm

In a significant development, a legal pad with the handwritten words “Buy Bitcoin” is currently garnering significant attention in the form of bidding, reaching nearly $140,000 in an ongoing online auction, as reported by Bloomberg. Janet Yellen’s ‘Buy Bitcoin’ Sign Sparks Auction Frenzy The message, a rallying cry for cryptocurrency enthusiasts, gained notoriety after being […]

Decoding the Black Box: How AI is unveiling the secrets of crypto money laundering

Apr 22, 2024 | 22:00 pm

The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Artificial Intelligence tools could revolutionize anti-money laundering efforts in cryptocurrency transactions. These tools can analyze far more transactions quickly than any human, helping banks and law enforcement keep up with the volume of transactions, of which there are millions per day. […] The post Decoding the Black Box: How AI is unveiling the secrets of crypto money laundering appeared first on CryptoSlate.

Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008?

Apr 22, 2024 | 21:46 pm

The post Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008? appeared first on Coinpedia Fintech News As the Bitcoin price rebounded from the lows close to $60,000, the markets appear to have gained significant momentum. The Pepe price has led the memecoins by marking 3 consecutive bullish signals after a tough fight between the bulls and the bears. Now that the price has triggered a bullish upswing, it is interesting to …

Investing in humor: Pepecoin (PEPE) tokens and the future of meme cryptocurrencies

Apr 22, 2024 | 21:45 pm

In the whimsical corner of the cryptocurrency market, meme cryptocurrencies have not only carved a […]

Ethereum Price Signals Reversal and $3,400 Is Imminent, Here’s Why

Apr 22, 2024 | 21:09 pm

Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level. Ethereum extended its increase above the $3,150 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless the bears push it below the $3,030 zone. Ethereum Price Extends Increase Ethereum price started a recovery wave and was able to clear the $3,000 resistance, like Bitcoin. ETH even climbed above the $3,050 and $3,120 resistance levels to move into a positive zone. It traded to a new weekly high at $3,234 and is currently consolidating gains. There was a minor decline below the $3,200 level. Ether dipped below the 23.6% Fib retracement level of the recent increase from the $3,120 swing low to the $3,234 high. Ethereum is now trading above $3,150 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,160 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the recent increase from the $3,120 swing low to the $3,234 high. Immediate resistance is near the $3,210 level. The first major resistance is near the $3,235 level. The next key resistance sits at $3,280, above which the price might gain traction and rise toward the $3,350 level. Source: ETHUSD on TradingView.com A close above the $3,350 resistance could send the price toward the $3,500 resistance. If there is a move above the $3,500 resistance, Ethereum could even test the $3,550 resistance. Any more gains could send Ether toward the $3,720 resistance zone in the coming days. Downside Correction In ETH? If Ethereum fails to clear the $3,235 resistance, it could start a downside correction. Initial support on the downside is near the $3,175 level. The first major support is near the $3,160 zone and the trend line. The main support is near the $3,150 level and the 100-hourly Simple Moving Average. A clear move below the $3,150 support might increase selling pressure and send the price toward $3,030. Any more losses might send the price toward the $2,850 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,150 Major Resistance Level – $3,235

Ethereum Price Signals Reversal and $3,400 Is Imminent, Here’s Why

Apr 22, 2024 | 21:09 pm

Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level. Ethereum extended its increase above the $3,150 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming [...] The post Ethereum Price Signals Reversal and $3,400 Is Imminent, Here’s Why appeared first on Crypto Breaking News.

Predicting Bitcoin’s bounce: If not $66K, then what?

Apr 22, 2024 | 21:00 pm

The Bitcoin liquidation levels showed the long positions far outweighed the short positions, showing the prices could slide lower next.

Halved Revenue? Bitcoin Miners Don’t Care As Hashrate Sets New ATH

Apr 22, 2024 | 21:00 pm

The fourth Halving has now been completed for Bitcoin. Here’s how the miners have reacted to the event regarding their total hashrate. Bitcoin 7-Day Average Hashrate Hit New All-Time High Recently Halving is a periodic event for Bitcoin in which its block rewards—that is, the rewards that miners receive for solving blocks on the network—are […]

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

Apr 22, 2024 | 20:33 pm

Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection linking the CBDCs of the participants were studied as part of the integration processes of […]

KARRAT Protocol Pioneers Next Era of Gaming, Entertainment, and AI Innovation, Reshaping Hollywood and Beyond

Apr 22, 2024 | 20:22 pm

The KARRAT Foundation is excited to introduce the KARRAT Protocol, a platform that fosters groundbreaking AI and advancements in the gaming and entertainment sectors. This includes real-time animation content for streaming platforms and innovative products for retail, telecom, education, and beyond. The KARRAT token serves as the governance token for the KARRAT Protocol. With $KARRAT, […]

Bitcoin Accumulates Post-Halving: Here’s Why This is a Huge Bullish Signal

Apr 22, 2024 | 20:19 pm

The post Bitcoin Accumulates Post-Halving: Here’s Why This is a Huge Bullish Signal appeared first on Coinpedia Fintech News Just a few days ago, at the block height of 840,000, Bitcoin underwent the 4th halving, which reduced the miner’s rewards from 6.25 BTC to 3.125 BTC. Soon after this, the price experienced a notable rise, resulting in a breakout from a consolidation zone below $62,000 to the current level of $67,000. This rise after …

Bitcoin Price Extends Increase, Why Dips Turned Attractive In Short-Term

Apr 22, 2024 | 20:07 pm

Bitcoin price extended its increase and climbed above the $66,000 resistance zone. BTC is now showing positive signs and might find bids near $65,500. Bitcoin gained pace for a move above the $65,500 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might remain active near the $65,500 support. Bitcoin Price Gains Strength Bitcoin price started a fresh increase above the $64,500 and $65,000 resistance levels. BTC bulls even pushed the price above the $66,000 resistance. It traded to a new weekly high at $67,200 and is currently consolidating gains. The price is slowly moving lower toward the 23.6% Fib retracement level of the upward move from the $64,281 swing low to the $67,200 low. Bitcoin price is still trading above $65,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $65,700 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $64,281 swing low to the $67,200 low. Immediate resistance is near the $67,000 level. The first major resistance could be $67,200. The next resistance now sits at $68,500. If there is a clear move above the $68,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $70,000. Source: BTCUSD on TradingView.com The next major resistance is near the $70,500 zone. Any more gains might send Bitcoin toward the $72,000 resistance zone in the near term. Downside Correction In BTC? If Bitcoin fails to rise above the $67,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $66,500 level. The first major support is $65,700 or the trend line. If there is a close below $65,500, the price could start to drop toward $65,000. Any more losses might send the price toward the $64,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $66,500, followed by $65,500. Major Resistance Levels – $67,000, $67,200, and $68,500.

Bitcoin Price Extends Increase, Why Dips Turned Attractive In Short-Term

Apr 22, 2024 | 20:07 pm

Bitcoin price extended its increase and climbed above the $66,000 resistance zone. BTC is now showing positive signs and might find bids near $65,500. Bitcoin gained pace for a move above the $65,500 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a key bullish trend line [...] The post Bitcoin Price Extends Increase, Why Dips Turned Attractive In Short-Term appeared first on Crypto Breaking News.

‘More Upside Is Coming’: Crypto Market Set For 350% Growth, Predicts Glassnode Cofounders

Apr 22, 2024 | 20:00 pm

Negentropic, the official X (formerly Twitter) account of Glassnode’s cofounders, has offered its own bullish sentiment for the crypto market. Glassnode Cofounders: There Would Be A Massive Growth Beyond Recent Corrections According to their analysis, the market, excluding the top 10 cryptocurrencies, known as “OTHERS,” is showing signs of a strong uptrend with the potential for “more upside” growth. Related Reading: Analyst Reveals Bitcoin’s Bull Market Breakthrough: Here’s What You Need To Know This observation amidst increased volatility and uncertainty following the recent Bitcoin Halving event on April 20 reduced miners’ block subsidy rewards from 6.25 BTC to 3.125 BTC. The cofounders pointed out an intriguing pattern in the market’s behavior, comparing the current conditions to the “strong correction” seen in early 2021, which they identified as “wave 4” in the market cycle. The #Crypto Bull Market Continues. “OTHERS” follows Crypto excl. the largest 10 Cryptos. Observe that we in early 2021 had a strong correction. We believe that was a wave 4. We now have a similar strong decline. More upside is coming. This index and our Fibonacci levels… pic.twitter.com/qKtIOSXneP — 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) April 22, 2024 Using their index and Fibonacci levels, Glassnode’s cofounders anticipate approximately a 350% increase from the current market levels, noting: More upside is coming. This index and our Fibonacci levels gives us, that we may see ~350% upside from current levels. Notably, this bullish projection underscores their confidence in the potential for further market expansion despite recent downturns. Crypto Market Recovery Amid Bitcoin Criticism And Post-Halving Predictions While the Glassnode Co-founders have predicted significant growth for the crypto market, it’s important to note that the overall market sentiment remains bullish. After a notable decline last week, the global crypto market is showing signs of recovery, with nearly a 3% increase in the past 24 hours. This upward movement can be attributed to major cryptocurrencies like Bitcoin and Ethereum, which have seen gains of 2.7% and 1.7% over the same period. Bitcoin, the flagship cryptocurrency, has recently faced criticism from prominent figures like Peter Schiff, who criticized its high transaction fees and longer processing times. The cost to complete a #Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why Bitcoin can’t function as a digital currency. The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It’s a failure. — Peter Schiff (@PeterSchiff) April 22, 2024 Due to these challenges, Schiff labeled Bitcoin as a “failure” in terms of digital currency. However, it’s worth noting that Bitcoin’s average transaction fee has significantly decreased to $34.86 on April 21, following a record high of $128.45 the day before. Meanwhile, analyst and founder of the Capriole Investment fund Charles Edwards has shared three possible scenarios for Bitcoin after the Halving. Edwards highlighted the increase in Bitcoin’s electrical cost to $77,400 per new BTC coin produced, while the overall miner price, including block rewards and fees, surged to $244,000. Related Reading: 3 Major Metrics To Watch Out For That Can Impact Ethereum Prices He predicts that Bitcoin’s price may skyrocket, approximately 15% of miners may shut down their operations, or transaction fees will remain elevated. Edwards expects a combination of these scenarios to unfold, ultimately leading to Bitcoin’s price surpassing $100,000. Featured image from Unsplash, Chart from TradingView

‘More Upside Is Coming’: Crypto Market Set For 350% Growth, Predicts Glassnode Cofounders

Apr 22, 2024 | 20:00 pm

Negentropic, the official X (formerly Twitter) account of Glassnode’s cofounders, has offered its own bullish sentiment for the crypto market. Glassnode Cofounders: There Would Be A Massive Growth Beyond Recent Corrections According to their analysis, the market, excluding the top 10 cryptocurrencies, known as “OTHERS,” is showing signs of a strong uptrend with the potential for [...] The post ‘More Upside Is Coming’: Crypto Market Set For 350% Growth, Predicts Glassnode Cofounders appeared first on Crypto Breaking News.

Bitcoin Versus Gold: Analyst Says The Yellow Metal Is A “Slow-Moving Rug Pull”

Apr 22, 2024 | 20:00 pm

Taking to X on April 22, Willy Woo, an on-chain analyst, notes that the tides are turning in the age-old battle between gold and Bitcoin. While gold has enjoyed a 6,000-year reign as a scarce asset, advancements in mining technology have eroded its scarcity narrative, going by the accelerated production rate in the past few decades. Gold […]

New Zealand kicks off 100-day CBDC public consultation

Apr 22, 2024 | 20:00 pm

The Reserve Bank of New Zealand launched its first consultation in 2021, which focuses on principles and design options for the digital dollar. [...] Read More... The post New Zealand kicks off 100-day CBDC public consultation appeared first on CoinGeek.

Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target

Apr 22, 2024 | 19:00 pm

Dogecoin (DOGE), the popular meme-based cryptocurrency, has demonstrated its resilience in the market with a 2.5% price increase over the past 24 hours, reaching a trading price of $0.1607. Analysts, including Altcoin Sherpa and Ali Martinez, have recently shared optimistic predictions for DOGE’s future, suggesting further gains and potential for outperformance compared to other tokens. A Strong Future For Dogecoin In 2024? Over the past months, DOGE has closely followed Bitcoin’s price action, experiencing ups and downs in tandem with the market leader. On March 28, DOGE reached its yearly high of $0.2292, solidifying its position as the 9th largest cryptocurrency with nearly 100% year-to-date growth. Despite the volatility, DOGE has demonstrated its ability to rebound and attract investor attention. Related Reading: Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’ Market expert Altcoin Sherpa recently expressed optimism about DOGE’s future, stating that the coin is poised for strength in 2024. Altcoin Sherpa recommended averaging between $0.12 and $0.14, emphasizing DOGE’s potential to outperform other tokens. The analyst highlighted DOGE’s previous consolidation phase, lasting almost two years, and suggested that it is primed for a significant price surge in the future. Sherpa stated: DOGE is looking good. I strongly feel like this is going to be a strong coin for 2024. I think averaging between $.12 and $.14 would be a solid play and this one should outperform many other tokens for a lot of reasons. It chopped for almost 2 years, it’s going to moon later. 700% Price Uptrend Toward $1 On the other hand, crypto analyst Ali Martinez has also shared a bullish prediction for DOGE, noting the coin’s recurring price patterns. Martinez pointed out that DOGE consolidates after breaking out of a descending triangle formation. Based on historical trends, the analyst believes that DOGE has the potential to rally towards $1 in the coming weeks, which would represent a staggering 700% uptrend in price from current levels, surpassing the cryptocurrency’s current all-time high of $0.7316, reached in May 2021. Related Reading: 3 Major Metrics To Watch Out For That Can Impact Ethereum Prices Despite Martinez’s optimistic outlook, Dogecoin faces several resistance levels that have impeded its recovery after a 21% price decline in the past two weeks. The meme coin encounters a significant obstacle at the $0.1633 price level, as depicted in the DOGE/USD daily chart above. This level has acted as a barrier for the past 10 days, hindering further upward movement. In its journey towards the $0.200 mark, DOGE may encounter additional hurdles at $0.1739, $0.1938, and $0.1998. These resistance levels must be overcome before the cryptocurrency can potentially retest its all-time high. It is important to note that Bitcoin’s performance will likely influence Dogecoin’s price movement in the coming weeks. In addition, Dogecoin’s overall trajectory through the end of 2024 remains uncertain as it depends on the potential for a bullish breakout and various market factors. Featured image from Shutterstock, chart from TradingView.com

Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target

Apr 22, 2024 | 19:00 pm

Dogecoin (DOGE), the popular meme-based cryptocurrency, has demonstrated its resilience in the market with a 2.5% price increase over the past 24 hours, reaching a trading price of $0.1607. Analysts, including Altcoin Sherpa and Ali Martinez, have recently shared optimistic predictions for DOGE’s future, suggesting further gains and potential for outperformance compared to other tokens. [...] The post Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target appeared first on Crypto Breaking News.

Mt. Gox Users Finally Receive Payments, BTC, Bitcoin Cash Selling Pressure Incoming?

Apr 22, 2024 | 19:00 pm

Bitcoin exchange Mt. Gox has reportedly begun repaying its users, providing a glimmer of hope for those affected by the exchange’s infamous hack over a decade ago. The trustee of Mt. Gox confirmed the verification process for eligible repayment clients three months ago, and now users are seeing actual payments being made. However, the repayment […]

In a bull market, everyone thinks they’re a VC

Apr 22, 2024 | 19:00 pm

The following is a guest post by Tim Haldorsson, CEO of Lunar Strategy. The sweet sounds of upward price alerts hit your phone non-stop. Mega green candles are seen on every crypto chart. The smells of profits are all over the place. In other words, the bull market is back in full swing, and it […] The post In a bull market, everyone thinks they’re a VC appeared first on CryptoSlate.

Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

Apr 22, 2024 | 18:39 pm

Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]

Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know

Apr 22, 2024 | 18:00 pm

Renowned crypto analyst Lark Davis recently shared insights into the world of altcoin and decentralized finance (DeFi), offering high-risk, high-reward options and established projects. During a live stream, Davis discussed his current portfolio holdings, while emphasizing the volatility inherent in these markets. High-Risk Ventures Altcoin And Established DeFi Projects During his discussion, Davis advised against investing in Bitcoin SV (BSV), expressing doubts about Craig Wright’s claim to be Satoshi Nakamoto. He emphasized the importance of doing thorough research before investing in cryptocurrencies. Related Reading: Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving Additionally, he mentioned Bitcoin Cash (BCH) as a potential candidate for the next ETF approval in the US due to its slight variations from Bitcoin. Regarding altcoins and DeFi, Davis highlighted different projects in his portfolio, including “Puff, Benji, and Foxy,” which he categorized as “high-risk, high-reward ventures.” Davis also mentioned DeFi projects like “Jup and Arrow,” which are known for their governance features and staking rewards. Furthermore, Davis discussed projects with considerable potential for growth, such as Solana, Trader Joe, and Mantle. However, he emphasized these investments’ volatile nature and recommended that viewers approach them cautiously. In addition to Davis’s insights, Solana has recently become the fourth-largest cryptocurrency by market capitalization, surpassing XRP and Dogecoin. With a market cap of $68.7 billion and a price of $154.66 at the time of writing, Solana’s rise reflects growing interest in the project. Analysts’ Perspectives On Altcoins Meanwhile, analysts offer contrasting views on the future of altcoins. Altcoin Sherpa suggests that these alternative tokens may stagnate for 1-4 months, needing time to consolidate after a significant run. It’s quite possible that altcoins are done for the next 1-4 months. There are certainly going to be outliers but I think that the majority need time to chill out and consolidate after such a big run. The scary thing is that many alts didn’t even run that hard over the last few… pic.twitter.com/sGke8PT5yw — Altcoin Sherpa (@AltcoinSherpa) April 16, 2024 However, Crypto Jelle presents an opposite outlook, suggesting that altcoins could rally massively in the coming months. Related Reading: Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why Crypto Jelle points to historical patterns, noting that altcoins typically consolidate after breaking out from a resistance zone before entering a new bull run. If history repeats itself, altcoins could demonstrate significant growth potential shortly. It’s about time for #Altcoins to remind everyone what they’re capable of. Looks primed to go on a massive rally in the coming months. I’m ready. pic.twitter.com/qru4GksczF — Jelle (@CryptoJelleNL) April 12, 2024 Featured image from Unspalsh, Chart from TradingView

Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know

Apr 22, 2024 | 18:00 pm

Renowned crypto analyst Lark Davis recently shared insights into the world of altcoin and decentralized finance (DeFi), offering high-risk, high-reward options and established projects. During a live stream, Davis discussed his current portfolio holdings, while emphasizing the volatility inherent in these markets. High-Risk Ventures Altcoin And Established DeFi Projects During his discussion, Davis advised against investing [...] The post Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know appeared first on Crypto Breaking News.

Investors Panic: $206 Million Flees Crypto Funds As Interest Rate Fears Mount, CoinShares Reports

Apr 22, 2024 | 18:00 pm

Global crypto investment products saw a net outflow of $206 million last week, reflecting investor concerns over the “potential impacts of Federal Reserve policy decisions on interest rates,” as reported by Coinshares. Global Impact Of Crypto Outflows On Bitcoin ETFs And Market Volume CoinShares revealed that the recorded net outflow of $206 million marks the […]

PSAC outlines bold digital transformation strategies for President Marcos

Apr 22, 2024 | 18:00 pm

PSAC presented a strategic proposal to President Ferdinand Marcos Jr. that aims to enhance internet connectivity in the Philippines and create one million digital jobs. [...] Read More... The post PSAC outlines bold digital transformation strategies for President Marcos appeared first on CoinGeek.

Crypto Exodus: $206M Outflows Signal Investor Caution

Apr 22, 2024 | 17:30 pm

The second week in a row saw the trajectory of crypto asset investment products take a dip, with the total outflows amounting to $206 million, as per the report by CoinShares. During this period, trading volumes for exchange-traded products (ETPs) declined slightly to $18 billion. Importantly, these figures represent lower parts of total Bitcoin volumes, […]

Ethereum To See Fresh Move Soon? What Futures Data Says

Apr 22, 2024 | 17:00 pm

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently. The “Open Interest” here refers to the total number of derivative-related contracts open for Ethereum on all exchanges. Related Reading: Dogecoin To $1: Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks When the value of this metric goes up, it means that investors are currently opening up new positions on these platforms. Generally, this kind of trend leads to an increase in the market’s total leverage, so the asset price could become more volatile. On the other hand, a decline in the indicator implies the investors are either closing up their positions of their own volition or getting forcibly liquidated by their platform. Such a drawdown may accompany violent price action, but once the drop is over, the market could become more stable due to the reduced leverage. Now, here is a chart that shows the trend in the Ethereum Open Interest over the last few months: The value of the metric appears to have witnessed a sharp plunge recently | Source: CryptoQuant As displayed in the above graph, the Ethereum Open Interest registered a sharp drop earlier alongside the asset’s price. The plunge in the metric was naturally caused by the long contract holders being washed out in the price drawdown. As the price has mostly consolidated sideways since the decline, so has the value of the Open Interest. The quant notes, This alignment suggests a cooling down of activity within the futures market. Consequently, the market appears poised for the resurgence of either long or short positions, potentially initiating a fresh and decisive market movement in either direction. Another indicator related to the derivative market that could be relevant for Ethereum’s future price action is the funding rate. This metric tracks the periodic fees that derivative contract holders are currently paying each other. Related Reading: Bitcoin Mega Whales Are Buying, Time For Rally To Return? Positive funding rates imply that the long holders are paying the shorts a premium to hold onto their positions; hence, that bullish sentiment is dominant. Similarly, negative values suggest that a bearish sentiment is shared by the majority of the derivative traders. The chart below shows that the Ethereum funding rate has recently turned red. The data for the ETH funding rates over the last few months | Source: CoinGlass Historically, the market has been more likely to move against the opinion of the majority, so the fact that the funding rate has flipped negative may be a good sign for the chances of any potential uptrends to start. ETH Price Ethereum has gradually increased over the last few days, as its price has now reached $3,200. Looks like the value of the coin has gone up a bit over the past few days | Source: ETHUSD on TradingView Featured image from Kanchanara on Unsplash.com, CoinGlass.com, CryptoQuant.com, chart from TradingView.com

Ethereum To See Fresh Move Soon? What Futures Data Says

Apr 22, 2024 | 17:00 pm

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price [...] The post Ethereum To See Fresh Move Soon? What Futures Data Says appeared first on Crypto Breaking News.

BlackRock’s Bitcoin ETF Nears New Record With 69-Day Inflow Streak

Apr 22, 2024 | 17:00 pm

The Bitcoin ETF market has witnessed a notable inflow streak, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) leading the race. Since gaining approval from the US Securities and Exchange Commission (SEC) on January 10, the ETF market has experienced over three months of trading. However, BlackRock stands out as the frontrunner, boasting an impressive inflow […]

Analyst Says Dogecoin and Two Altcoins Flying Under the Radar Flashing Bullish Signal – Here’s His Outlook

Apr 22, 2024 | 17:00 pm

A closely followed crypto trader believes that Dogecoin (DOGE) could be gearing up for a massive rally to the tune of over 530%. Analyst Ali Martinez tells his 59,800 followers on the social media platform X that Dogecoin has remained faithful to a pattern seen during the 2017 and 2021 bull cycles. According to the […] The post Analyst Says Dogecoin and Two Altcoins Flying Under the Radar Flashing Bullish Signal – Here’s His Outlook appeared first on The Daily Hodl.

Hoskinson says PRAGMA adds ‘second set of eyes’ to Cardano but won’t speed development

Apr 22, 2024 | 16:44 pm

Charles Hoskinson, creator of Cardano and CEO of IOHK, commented on the launch of the community association PRAGMA. In an X statement on April 22, Hoskinson praised PRAGMA for supporting Cardano-related projects, noting that “multiple clients and a diverse and resilient ecosystem” are essential for Cardano. He further encouraged the community, stating: “I’m excited to […] The post Hoskinson says PRAGMA adds ‘second set of eyes’ to Cardano but won’t speed development appeared first on CryptoSlate.

Shiba Inu Surge Dominates Crypto Scene with ShibaSwap 2.0 Unveiling

Apr 22, 2024 | 16:33 pm

The enigmatic leader of the Shiba Inu team, known only by the pseudonym Shytoshi Kusama, has resurfaced on social media with a thunderous message for SHIB fudders and a tantalizing hint about the future of the ShibaSwap decentralized exchange. In a recent social media post shared by Lucie, the official marketing lead of the Shiba […]

US Presidential Candidate RFK Jr Unveils Plan to Put Entire US Budget on Blockchain

Apr 22, 2024 | 16:16 pm

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled his plan to put the entire U.S. budget on a blockchain. “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day,” he explained, adding that if somebody is spending $16,000 for a toilet seat, everybody […]

Ethereum Whale Goes On 127,000 ETH Buying Spree, Was It Justin Sun Again?

Apr 22, 2024 | 16:00 pm

Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. Related Reading: 3 Major Metrics To Watch Out For That Can Impact Ethereum Prices A New Whale On The Horizon, Is It Justin Sun? The blockchain research platform Lookonchain revealed that a whale has gone on an Ethereum buying frenzy over the past few weeks. The newly created account started buying ETH from crypto exchanges on March 31. According to the post, the mysterious wallet first withdrew $96.8 million stablecoins from the crypto exchange Binance. Then, the whale started buying Ethereum from Binance and Decentralized Exchanges (DEX). Did #JustinSun buy 127,388 $ETH($405.19M) since Apr 8? The wallet suspected of being #JustinSun has deposited 787M $USDT to #Binance on #Tron since Mar 31. Also on Mar 31, a mysterious wallet was created on #Ethereum and withdrew $96.8M stablecoins from #Binance.Is this a… pic.twitter.com/OcEovodUrc — Lookonchain (@lookonchain) April 22, 2024 From April 8 to April 20, the address bought 127,388 ETH, worth around $405.19 million, at an average price of $3,172 per token. According to the research platform, the activity from this new address is similar to that of the alleged Justin Sun address. Although the possibility of a coincidence is not ruled out, the activity between the two addressed seems to suggest otherwise. On March 31, the address Sun was suspected of owning made a significant deposit of 787 million USDT to Binance on Tron, which coincided with the withdrawal made by the mysterious new address. As reported by NewsBTC, Justin Sun’s alleged wallet also went on a similar buying spree from February 12 to February 24. At the time, the address acquired 168,396 ETH, worth around $580.5 million, for an average price of $2,894. Lookonchain considers that the similarities hint that these addresses are likely owned by Sun. If so, Justin Sun has bought 295,757 ETH, worth $891 million, in the past two months. Ethereum Price Recovers Amid Whale Accumulation X users expressed concern over Sun’s alleged movements. At the time of the first report, some considered the transaction suspicious. One user affirmed that Sun would be “the reason of the next market crash.” Others believe it was time to question whether Sun would dump his ETH bag. However, the possibility of him accumulating for the approval of spot Ethereum exchange-traded funds (ETF) was brought up. The latest news of Sun’s alleged buying spree received a more positive response. A user considered it a bullish signal for the second-largest cryptocurrency, as the token could benefit from whale accumulation. On Friday, Ether’s price dipped to $2,865, a level not seen since late February. Over the weekend, however, ETH began to recover from its recent fall as the whale buying spree occurred. Since then, the “king of altcoins” regained the $3,100 support level, currently trading at $3,192. The recovery represents a 2% increase from its price 24 hours ago and a 1.5% surge in the weekly timeframe. Moreover, ETH’s daily trading activity has increased by 8.7%, with a daily trading volume of $11.42 billion. Similarly, the second-largest cryptocurrency has seen a 1.78% rise in market capitalization during the last day. Related Reading: Ethereum Price Hints At Potential Fresh Rally, Buy The Dip? Ethereum's price performance in the 7-day chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum Whale Goes On 127,000 ETH Buying Spree, Was It Justin Sun Again?

Apr 22, 2024 | 16:00 pm

Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. A New Whale On The [...] The post Ethereum Whale Goes On 127,000 ETH Buying Spree, Was It Justin Sun Again? appeared first on Crypto Breaking News.

Bitcoin halving aftermath: LTC, LINK emerge as investor favorites

Apr 22, 2024 | 16:00 pm

Fears about Bitcoin's reaction to two events opened doors for LTC and LINK.

Uniswap (UNI) Poised for Rally Post-Bitcoin Halving, On-Chain Data Suggests

Apr 22, 2024 | 15:43 pm

Uniswap is in recovery mode as Bitcoin Halving ushered in a bullish sentiment. The exchange and underlying token have seen an impressive upsurge in volume and price respectively. Uniswap (UNI), a leading player in the Decentralized Finance (DeFi) ecosystem is showing bullish signs in the aftermath of Bitcoin’s (BTC) recent halving event. According to on-chain [...]

Dogecoin Chart Flashes Buy Signal, Can DOGE Price Reach $1?

Apr 22, 2024 | 15:30 pm

Crypto analyst Ali Martinez has provided a bullish narrative for the foremost meme coin, Dogecoin (DOGE). Based on his recent analysis, there is a likelihood that Dogecoin can hit $1 sooner rather than later. Dogecoin’s Chart Flashes Buy Signal Martinez mentioned in an X (formerly Twitter) post that the TD Sequential has flashed a buy […]

Bitcoin Frenzy: $128.45 Surge in Fees, $22.37 Million Reversal

Apr 22, 2024 | 15:30 pm

Bitcoin transaction fees experienced a rollercoaster ride recently, reaching unprecedented highs before swiftly plummeting. Following Bitcoin’s fourth halving, the average transaction fee skyrocketed to a staggering $128.45, only to dramatically fall to $34.8 the next day. This fluctuation highlights the volatile nature of the cryptocurrency market. Data from YCharts reveals a significant surge in BTC […]

Robert F. Kennedy, Jr. wants to put US budget on blockchain for 24/7 transparency

Apr 22, 2024 | 15:18 pm

US presidential candidate Robert F. Kennedy, Jr. said he wants to put the “entire US budget” on blockchain so Americans can inspect it anytime, The Hill reported on April 22. Kennedy said that putting data on a blockchain would make the budget available “24 hours a day.” Making budget data available on-chain could increase public […] The post Robert F. Kennedy, Jr. wants to put US budget on blockchain for 24/7 transparency appeared first on CryptoSlate.

Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects

Apr 22, 2024 | 15:15 pm

OpenSats, a non-profit organization that supports the development of free and open-source software and projects focusing on Bitcoin, announced today that it has received a $1,000,000 donation from The Reynolds Foundation. OPENSATS RECEIVES $1,000,000 DONATION FROM REYNOLDS FOUNDATION The Reynolds Foundation is supporting OpenSats with a generous $1M donation, noting that they "warmly invite fellow philanthropists to [...] The post Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects appeared first on Crypto Breaking News.

US Institutions Take $206,000,000 out of Crypto Investment Products Amid Interest Rate Worries: CoinShares

Apr 22, 2024 | 15:01 pm

Digital assets manager CoinShares says crypto product institutional investments suffered their second consecutive week of outflows last week. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products lost $206 million in outflows last week, bringing the two-week total outflows to nearly $312 million. According to CoinShares, investor interest in crypto exchange-traded […] The post US Institutions Take $206,000,000 out of Crypto Investment Products Amid Interest Rate Worries: CoinShares appeared first on The Daily Hodl.

Bitcoin miners refuse to sell: A strategy to uphold BTC prices?

Apr 22, 2024 | 15:00 pm

Amidst market turbulence, Bitcoin miners remain steadfast in retaining their BTC holdings.

Crypto Analyst Predicts Cardano Recovery After ABC Wave Completion, Here’s The Target

Apr 22, 2024 | 15:00 pm

Cardano suffered a massive price crash over the last two weeks. However, with the market recovery, the ADA price has begun to see some positive headwinds. Analysts expect this recovery to continue, with one crypto analyst in particular, who goes by CobraVanguard, expecting a bullish continuation toward $1. Cardano Completes The ABC Wave The crypto [...] The post Crypto Analyst Predicts Cardano Recovery After ABC Wave Completion, Here’s The Target appeared first on Crypto Breaking News.

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

Apr 22, 2024 | 14:47 pm

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors. Distinguished judges for the […] The post Lisbon Blockchain Conference to feature elite pitching event for crypto startups appeared first on CryptoSlate.

Unveiling the KARRAT Protocol: Pioneering the Next Era of Gaming, Entertainment, and AI Innovation, Reshaping Hollywood and Beyond

Apr 22, 2024 | 14:42 pm

Camana Bay, Cayman Islands, April 22nd, 2024, Chainwire The KARRAT Foundation is pleased to announce the launch of the KARRAT Protocol, which supports transformative AI and innovations in gaming and entertainment industries: from real-time animation content for the streaming industry and emerging products for retail, telecom, education and wherever imagination takes

Dogecoin (DOGE) Primed for Potential Price Surge, Analyst Suggests – $0.18

Apr 22, 2024 | 14:34 pm

Crypto analyst Ali Martinez has recently shown a potential buy sign on the daily chart of Dogecoin. During the previous Bitcoin halving in 2020, DOGE was trading for less than $0.01, a year later, the price more than doubled to $0.65 Dogecoin (DOGE) enthusiasts have reason to anticipate a potential upswing in the cryptocurrency’s price, [...]

Thailand Blocks Unauthorized Crypto Platforms To Combat Cybercrime

Apr 22, 2024 | 14:30 pm

Thai authorities, to enhance law enforcement efficiency and fight cybercrime, have decided to block unauthorized crypto platforms. In congruence with its previous actions of limiting access to exchanges such as Binance and Bybit, this step requires users to withdraw their funds from these platforms. The Securities and Exchange Commission (SEC) of Thailand is working with […]

IOTA Drives Innovation in Trade Finance: French Law Paves Way for Digitalization

Apr 22, 2024 | 14:25 pm

French Senate is set to debate a new law inspired by the Model Law on Electronic Transferable Records that would allow digital trade documents to optimise trade finance. The law could massively boost DLT adoption to underpin digital documentation and provide decentralised identity; IOTA is the leader in this field, with initiatives in Europe, Africa [...]

Shiba Inu Market Lead Forecasts Major Price Surge After Bitcoin Halving

Apr 22, 2024 | 14:24 pm

Shiba Inu’s top executive believes the crypto market is on track for a super cycle akin to the prior post halving bullish sentiments. Shiba Inu price is aiming to retest its all-time high in the coming weeks after last month’s bullish breakout from a macro bearish trend. The total cryptocurrency market cap has been bleeding [...]

Bitwise: Bitcoin Will Have ‘a Great Next 12 Months’

Apr 22, 2024 | 14:24 pm

Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its […]

PEPE, Runes, Or FLOKI: What’s the Best Investment in April 2024?

Apr 22, 2024 | 14:20 pm

PEPE, Runes, and FLOKI are entering into a heated run that could definitively establish the third-ranked memecoin after DOGE and SHIB. The coins’ prices offer a discount entry point with a wide market rally led by BTC expected in the coming months. With the crypto market beginning to flash bullish signs, investors are beginning to [...]

SEC lawyers resign following controversial DEBT Box case

Apr 22, 2024 | 14:00 pm

Two SEC lawyers have resigned following controversies in the regulator’s legal case against crypto firm DEBT Box. Bloomberg reported on April 22 that Michael Welsh and Joseph Watkins, who served as lead SEC attorneys in the ongoing case, resigned in April. The regulator reportedly intended to terminate both lawyers if they did not resign. Bloomberg […] The post SEC lawyers resign following controversial DEBT Box case appeared first on CryptoSlate.

Ledger Live brings crypto swaps to users via MoonPay partnership

Apr 22, 2024 | 13:59 pm

Ledger and MoonPay have expanded their partnership to offer crypto swaps and buy via Ledger Live. The companies will also offer a custom Nano X for MoonPay. Ledger will offer access to instant crypto purchases to its Ledger Live users in its latest partnership with crypto payments firm MoonPay. The development is part of MoonPay’s […] The post Ledger Live brings crypto swaps to users via MoonPay partnership appeared first on CoinJournal.

Chainlink (LINK) Poised for Bull Run as Market Recovers

Apr 22, 2024 | 13:55 pm

As the cryptocurrency market begins to recover from the bearish impact of the East Asian crisis, altcoins are showing signs of a comeback. Among the coins leading the charge is Chainlink (LINK), whose price action reflects a high potential for a bull run, starting with another bounce back from crucial

Ripple News: BRICS Alliance Moves Towards Dollar-Less Trade with Unified Financial System – Will XRP Play a Crucial Role?

Apr 22, 2024 | 13:53 pm

The BRICS economic alliance is advancing its de-dollarization efforts by actively pursuing the establishment of a unified financial system in 2024. The proposed “BRICS Bridge” initiative seeks to integrate the digital currency systems and financial messaging platforms of member nations. In 2024, the BRICS economic alliance is actively working on establishing a unified financial system [...]

BlackRock Bitcoin ETF Records 69 Consecutive Days of Inflows Amid Halving Hype

Apr 22, 2024 | 13:46 pm

On Friday, the BlackRock Bitcoin spot ETF (IBIT) hit 69 days of continuous inflows, coinciding with the infamous ‘4/20,’ and there was no shortage of memes on the two. If it records inflows today, IBIT will burst into the top ten ETFs for the longest inflow streak at 70 days, with the record held by [...]

Next FTX Solana Sale: Auction Format Signals Strong Buyer Interest

Apr 22, 2024 | 13:30 pm

The bankruptcy estate of FTX intends to auction a second batch of Solana tokens worth billions, and some of the largest crypto investment firms have expressed interest. The estate previously sold SOL tokens worth $1.9 billion through Galaxy Digital; investors purchased the tokens at around $60, but Solana currently trades at over $150. The bankruptcy [...]

Shibarium sees brief outage amid Shiba Inu’s Layer-3 blockchain ambitions

Apr 22, 2024 | 13:30 pm

Shiba Inu secured $12 million in a funding round through a private token sale of its upcoming TREAT token to bolster the development of an unnamed privacy-focused Layer-3 (L3) blockchain network. According to an April 22 post on X (formerly Twitter) by Lucie, the marketing lead at Shib.io, investors that participated in the funding round […] The post Shibarium sees brief outage amid Shiba Inu’s Layer-3 blockchain ambitions appeared first on CryptoSlate.

ADA at the Crossroads: Analyst’s Dueling Scenarios Around $0.50

Apr 22, 2024 | 13:30 pm

Cardano’s (ADA) recent movement has seen it breach the lower boundary of an upward trending channel over the medium to long term. This suggests a potential deceleration in its ascent or the onset of a phase characterized by more horizontal price action. Notably, key support levels are observed at 0.46, while resistance levels are noted […]

Stablecoin Supply Skyrockets: Reaches $165 Billion, Highest in 2 Years

Apr 22, 2024 | 13:20 pm

Due to rising competition caused by the issuance of new tokens, the total quantity of stablecoins linked to the US dollar seems to be heading back up towards its previous all-time high. The Block Data Dashboard reports that the total supply of USD-pegged stablecoins reached $165 billion at the end

Cardano [ADA] repeats 2020 rally: Should you prepare for $1?

Apr 22, 2024 | 13:00 pm

A pattern emerged on Cardano's price chart, which, when it appeared in 2020, resulted in a massive bull rally

Price Target of $111,000 for Bitcoin (BTC) on the Table, According to Economist Henrik Zeberg – Here’s When

Apr 22, 2024 | 13:00 pm

A widely followed economist says that a $111,000 price tag for Bitcoin (BTC) is in the cards amid the alignment of a technical indicator and a bullish market structure. In a new video update on Trade Gate Hub, economist Henrik Zeberg says that based on a key indicator, it’s possible for the top crypto asset […] The post Price Target of $111,000 for Bitcoin (BTC) on the Table, According to Economist Henrik Zeberg – Here’s When appeared first on The Daily Hodl.

Bitcoin sales by miners begin to fall, suggesting a potential reduction in sell pressure

Apr 22, 2024 | 12:58 pm

Quick Take The recent Bitcoin halving has brought significant changes to the mining landscape. The event, which occurs every 210,000 blocks, reduced the block rewards from 6.25 BTC to 3.125 BTC, effectively cutting miners’ revenue from block rewards by 50%. As a result, the post-halving market conditions have become more challenging for miners. Prior to […] The post Bitcoin sales by miners begin to fall, suggesting a potential reduction in sell pressure appeared first on CryptoSlate.

Binance under Fire: Ontario Court Certifies Class Action over Crypto Derivatives

Apr 22, 2024 | 12:56 pm

Ontario's Superior Court of Justice has certified a class action lawsuit against Binance, according to a report by Advisor.ca. The lawsuit alleges that Binance Holdings Limited violated securities law by offering crypto derivative products to retail investors without proper registration. Regulatory ScrutinyThis latest development occurs amid increasing scrutiny from regulatory authorities, including the Ontario Securities Commission (OSC). In 2021, Binance promised to cease operations with Canadian investors in response to the OSC's scrutiny and later agreed to an undertaking with the OSC to halt trading activities in Ontario. However, the OSC's investigation into possible regulatory breaches by the exchange is ongoing, with no formal allegations yet made against the company. The court noted that regulators have previously categorized crypto contracts as securities or derivatives, suggesting that the marketing of such contracts falls under securities law. This classification paves the way for the plaintiffs' claims of violation of securities law against Binance.Moreover, the court dismissed Binance's argument that it was merely a facilitator of trades between users, highlighting evidence that investors traded directly with Binance. Investors who purchased cryptocurrency derivative contracts from Binance starting September 13, 2019, are considered members of the class affected by the lawsuit. The case highlights the importance of regulatory compliance and investor protection in the rapidly evolving cryptocurrency trading landscape.Binance Faces Regulatory Pressure in CanadaLast year, Binance terminated its operations in Canada due to stringent regulations, particularly concerning stablecoins. Canada's regulations regarding cryptocurrencies took a new turn when the Canadian Securities Administrators classified stablecoins as "securities and/or derivatives".This action barred regulated crypto exchanges from offering services involving stablecoins, a significant component of the crypto market. Additionally, the province of Ontario mandated the registration of all cryptocurrency exchanges operating within its jurisdiction.Binance, acknowledging the evolving regulatory landscape, cited the new guidance related to stablecoins and investor limits as the main reason for its exit from the Canadian market. The exchange emphasized that the regulatory environment in Canada had rendered its operations untenable.Binance is not alone in its departure from Canada. Other prominent crypto exchanges, including Paxos and OKX, have opted to end their services for Canadian users due to regulatory pressure. However, exchanges such as Gemini, Coinbase, and Kraken are actively seeking authorization to strengthen their presence in the region. This article was written by Jared Kirui at www.financemagnates.com.

Here Are Three New Altcoins Likely To Rip Over Next Couple of Weeks, According to Crypto Trader

Apr 22, 2024 | 12:55 pm

A closely followed crypto strategist believes three new digital assets are about to soar in the coming weeks. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that three altcoin projects have a lot of upside potential after launching during relatively poor market conditions. The three projects are cross-chain messaging […] The post Here Are Three New Altcoins Likely To Rip Over Next Couple of Weeks, According to Crypto Trader appeared first on The Daily Hodl.

Democracy Fails Without Cryptocurrency

Apr 22, 2024 | 12:36 pm

Amidst a decline in traditional democratic structures and financial systems, cryptocurrencies emerge as a revitalizing force, offering a new form of accountability and transparency that could potentially restore public institutions. Cryptocurrency Might Be the Last Hope for a Crumbling Democratic System It’s become clear that democracy is in trouble, especially after the scale of disasters […]

Bitcoin Rockets After Halving, But Is $80K The Ceiling?

Apr 22, 2024 | 12:34 pm

The long-awaited Bitcoin halving event has happened, cutting the mining rewards for the largest cryptocurrency in half. Even as the crypto community examines this market potential, certain analysts are painting a positive picture of Bitcoin’s price direction in the next few months. At the top of the list is Moustache, a widely known crypto analyst […]

Thailand Cracks Down on Unlicensed Cryptocurrency Exchanges

Apr 22, 2024 | 12:20 pm

In an effort to curb online crimes like money laundering, the Thai government will ban any cryptocurrency exchange that does not have the proper permission to operate within the nation. The Thai SEC will notify the Ministry of Digital Economy and Society of all unauthorized cryptocurrency exchanges in Thailand. Following

Hong Kong trade body advocates for crypto self-regulation amid global scrutiny

Apr 22, 2024 | 12:09 pm

The Hong Kong Securities and Futures Professionals Association (HKSFPA) has called to establish independent self-regulatory organizations (SRO) dedicated to overseeing the digital assets sector. The initiative comes in response to the rapid growth and increasing complexity of the industry. It aims to enhance the regulatory landscape to support innovation and security within the burgeoning field. […] The post Hong Kong trade body advocates for crypto self-regulation amid global scrutiny appeared first on CryptoSlate.

Binance Coin (BNB) Surges Amidst Bullish Convergence, Eyes New ATH

Apr 22, 2024 | 12:04 pm

The cryptocurrency market has witnessed a surge in buying pressure over the past weekend, leading to a significant uptick in price action across the board. Bitcoin, the market leader, has surpassed the $66,000 mark following the highly anticipated Bitcoin Halving event, setting a positive tone for the entire crypto space.

Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed?

Apr 22, 2024 | 12:00 pm

Shiba Inu has constantly managed to trade above $0.000021 last week amidst an ongoing tussle between the bulls and bears. On-chain data has indicated some serious whale movements during this period, with trillions of SHIB shuffled in and out of exchanges. The price of SHIB went through a decline earlier in the week from an [...] The post Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed? appeared first on Crypto Breaking News.

Bitcoin is Borderless: How Decentralization and Permissionlessness Grant Autonomy Across Political Jursidictions

Apr 22, 2024 | 12:00 pm

Bitcoin is an ephemeral digital currency. It doesn’t have a physical address, or a specific place you can track it down. It’s everywhere. This is what gives Bitcoin its superpowers, what makes it a truly decentralized and globally accessible monetary network. Your bitcoin isn’t stored in your wallet but at Bitcoin addresses recorded by every [...] The post Bitcoin is Borderless: How Decentralization and Permissionlessness Grant Autonomy Across Political Jursidictions appeared first on Crypto Breaking News.

How stablecoins helped Base’s TVL surge to $5.8 billion

Apr 22, 2024 | 12:00 pm

Base has seen an increase in its USDC supply, which has impacted its stablecoin market cap and TVL.

Cardano Foundation Launches New Initiative to Boost Open-Source Development

Apr 22, 2024 | 11:52 am

The formation of PRAGMA, a new non-profit association committed to supporting open-source blockchain software initiatives, has been announced by the Cardano Foundation. This in conjunction with four more organizations: Blink Labs, dcSpark, Sundae Labs, and TxPipe. The announcement was made by Renagh Moone, the Global Communications Director, in a post.

Bitcoin (BTC) Eyes $100,000 as Analysts Point to Bullish Flag Pattern

Apr 22, 2024 | 11:45 am

Bitcoin fortifies its robust momentum and sustains a formidable support base. The world’s leading cryptocurrency steadily ascends in valuation. Currently priced at $65,773, BTC records a substantial 24-hour trading volume of $147.70 billion, complemented by an impressive $1.29 trillion market capitalization. Over the preceding day, BTC experienced a 1.17% appreciation, signifying escalating investor confidence and […]

Accounting Giant Ernst & Young Rolls Out New Contract Manager on Ethereum To Execute Business Agreements

Apr 22, 2024 | 11:45 am

Big Four accounting firm Ernst & Young (EY) has launched an Ethereum (ETH)-based solution to automate contract management and prevent non-compliant transactions and errors. In a statement, the firm says the EY OpsChain Contract Manager (OCM) runs on the Ethereum public blockchain to facilitate the execution of complex and multi-party business agreements. The contract manager […] The post Accounting Giant Ernst & Young Rolls Out New Contract Manager on Ethereum To Execute Business Agreements appeared first on The Daily Hodl.

New York Stock Exchange Considers 24-Hour Trading, Partially Prompted by Crypto: Report

Apr 22, 2024 | 11:41 am

The largest stock exchange in the world is reportedly gauging interest in becoming an around-the-clock operation. According to the Financial Times, the New York Stock Exchange’s (NYSE) analytics team is surveying interest in after-hours trading. FT says the interest is largely driven by the 24/7 world of crypto trading, which saw huge increases in retail investors […] The post New York Stock Exchange Considers 24-Hour Trading, Partially Prompted by Crypto: Report appeared first on The Daily Hodl.

Crypto Assets Record 7-Day Upticks: NEAR Rises 33%, BONK Up by 32%

Apr 22, 2024 | 11:33 am

According to the most recent figures, the value of the cryptocurrency market has reached $2.43 trillion after a 2.62% increase in the last 24 hours. Bitcoin and ether have risen by 4% and 3.5%, respectively. NEAR experienced a significant uptick of 33% this past week, while BONK escalated by 32.7%. Digital Currency Market Grows: 17 […]

Fundstrat’s Tom Lee Says Bitcoin ‘Definitely’ Hitting New All-Time Highs in 2024, Calls Bottom on Stock Market

Apr 22, 2024 | 11:05 am

Hedge fund veteran Tom Lee is maintaining bullish conviction on both the stock market and Bitcoin (BTC) following the much-anticipated halving on April 20. In a new interview on CNBC, Lee says the halving, which cut Bitcoin miners’ rewards in half late last week, along with the rise of the Runes protocol, which has helped […] The post Fundstrat’s Tom Lee Says Bitcoin ‘Definitely’ Hitting New All-Time Highs in 2024, Calls Bottom on Stock Market appeared first on The Daily Hodl.

Bitcoin’s halving fails to stem $206 million outflows as investors shift to altcoins like Polkadot

Apr 22, 2024 | 11:00 am

Crypto-related investment products saw their second consecutive week of outflows in April, with roughly $206 million leaving the market, per CoinShares‘ recent weekly report. Despite Bitcoin’s recent halving, which typically generates excitement in the market, investor interest in the leading digital asset remained subdued, evidenced by outflows totaling $192 million. Conversely, short-term investors seized the […] The post Bitcoin’s halving fails to stem $206 million outflows as investors shift to altcoins like Polkadot appeared first on CryptoSlate.

Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’

Apr 22, 2024 | 11:00 am

As the Bitcoin (BTC) Halving event concluded for the fourth time, the cryptocurrency market witnessed notable changes in key metrics. These developments have led Charles Edwards, a market expert and founder of Capriole Invest, to issue bold predictions that hint at a paradigm shift in the BTC market. Bitcoin Trading At ‘Deep Discount’ One of [...] The post Market Expert Predicts New Paradigm For Bitcoin: ‘Days Under $100,000 Numbered’ appeared first on Crypto Breaking News.

Bitcoin is ‘a failure’: Peter Schiff – Does he have a point?

Apr 22, 2024 | 11:00 am

Bitcoin's transaction fees record new highs while the network slows down.

Ethereum shows recovery signs

Apr 22, 2024 | 10:45 am

Bitcoin Halving was done and dusted effective last Friday. The effects could show signs eventually. The first to be affected is Ethereum. Needless to say, this is speculation amid the prevailing volatility in the crypto market. Ether is trading way below $3,200. Some analysts suggest that now could be the optimal moment to invest in …

Cronos Launches Spring Odyssey: 30 Projects, $35K Prizes Powered by Galxe

Apr 22, 2024 | 10:35 am

An integration between Layer 1 blockchain Cronos and Galxe, a community-building platform, has been revealed. Users who complete activities will get rewards totaling $35K as part of Cronos’ Spring Odyssey campaign. Following the completion of full Galxe integration, Cronos is hosting its maiden campaign, Cronos Spring Odyssey. Thirty projects including DeFi, NFTs, memecoins, and

DODO Launches DODOChain, an Omni-Trading Layer3, Powered by Arbitrum, EigenLayer, and AltLayer

Apr 22, 2024 | 10:32 am

TL;DR DODOchain, the first Omni-Trading Layer3 solution, powered by Arbitrum Orbit, EigenDA and AltLayer. Integration of layers to consolidate liquidity from different blockchains into a unified platform. Strategic collaboration with Arbitrum, Eigenlayer and AltLayer to improve scalability, efficiency and security. DODO, a well-known on-chain liquidity provider, has presented an innovative solution in the blockchain ecosystem: ... Read more

Rebel Satoshi vs. BONK vs. dogwifhat: Which coin will dominate the meme coin sector?

Apr 22, 2024 | 10:30 am

TLDR Rebel Satoshi is a groundbreaking project inspired by Satoshi Nakamoto and Guy Fawkes, challenging financial elites. It features $RBLZ and $RECQ tokens, with $RECQ’s presale showing significant profit potential, expected to surge to $0.0125 from $0.0037. Bonk (BONK) faced a downside trajectory due to the Solana meme coin craze and the mid-April crypto crash, […] The post Rebel Satoshi vs. BONK vs. dogwifhat: Which coin will dominate the meme coin sector? appeared first on CoinJournal.

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

Apr 22, 2024 | 10:22 am

This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with Ethena’s USDE at the forefront, registering a […]

Altcoins that have revived after the Bitcoin halving in just 4 days

Apr 22, 2024 | 10:20 am

Amidst all the outcry over Bitcoin Halving, the prices of altcoins saw a major dip, but now it is a thing of the past. Shiba Inu is on the verge of massive progress just four days after the halving. SHIBA INU All eyes are on SHIB as it continues to push its 50-day exponential moving …

$0.001 SHIB Price Earthquake Looks Nigh As Shiba Inu Secures $12 Million For Its New Blockchain

Apr 22, 2024 | 10:05 am

This new blockchain is being built on Shibarium — Shiba Inu’s Ethereum Layer 2 network.

Unstoppable Domains x Bitcoin․com Halving Campaign With .Bitcoin Domains

Apr 22, 2024 | 10:00 am

In celebration of the Bitcoin halving event, Unstoppable Domains partners with Bitcoin.com to offer personalized .bitcoin domain names, enhancing user experience with simplified cryptocurrency transactions within the Bitcoin.com Wallet app. Unstoppable Domains, a leading provider of blockchain-based domain names, together with Bitcoin.com, makers of the prominent Bitcoin.com Wallet App and Bitcoin.com News site, are thrilled […]

Melania Trump unveils Mother’s Day Necklace and Solana NFT

Apr 22, 2024 | 10:00 am

On Sunday, former First Lady Melania Trump unveiled a hefty Mother’s Day necklace worth around $245. She called this customizable necklace and named it “Her Love & Gratitude” to celebrate Mother’s Day. The necklace truly fits in today’s minimalist fashion, featuring a gold flower pendant with three petals. It features beauty in simplicity and an …

Dogecoin To $1: Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks

Apr 22, 2024 | 10:00 am

An analyst has explained how a pattern forming in the Dogecoin price may suggest a rally to $1, if historical trend repeats this time as well. Dogecoin 1-Week Price Appears To Be Forming A Classic Pattern In a new post on X, analyst Ali has discussed how DOGE seems to have been showing a classic [...] The post Dogecoin To $1: Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks appeared first on Crypto Breaking News.

Experts say BlockDAG is top crypto to buy, after Moon keynote teaser & $19.3M presale

Apr 22, 2024 | 10:00 am

According to experts, BlockDAG has quickly established itself as the top cryptocurrency to buy now. […]

Why MKR drops against ETH every time MakerDAO sells

Apr 22, 2024 | 10:00 am

Speculation of another sell-off by Maker may harm its token further. However...

TON Is Outperforming The Market and Is Taking Root in the Telegram App; Milei Moneda ($MEDA) Could Be on Pace for the Best Token Launch of the Year

Apr 22, 2024 | 10:00 am

Telegram’s adoption of Toncoin drives crypto economy growth, with TON surging from $3.79 to $6.14 and predicted to hit $10.00. Milei Moneda’s ($MEDA) presale gains momentum, offering a deflationary model at $0.0125 per token, integrating meme culture and NFT rewards, with a projected price pump post-launch on Uniswap. Amidst crypto’s evolution, Telegram’s adoption of Toncoin [...]

Bitcoin Network Fees Stabilize After Unprecedented Chaos On Halving Day

Apr 22, 2024 | 09:58 am

After the highly anticipated fourth halving arrived, Bitcoin transaction fees spiked to as high as $146 for a medium-priority transaction and $179 for a high-priority transaction.

New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions

Apr 22, 2024 | 09:55 am

A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset Proceeds From Broker Transactions draft indicates that taxpayers must fill out Form 1099-DA, which collects trader identification and detailed transaction data from crypto “brokers.” According to Shehan Chandrasekera, a crypto accountant and the head of […] The post New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions appeared first on The Daily Hodl.

Algorand Foundation Joins UK Parliament’s Blockchain Advisory Board

Apr 22, 2024 | 09:45 am

The Algorand Foundation aims to empower a dynamic, borderless, inclusive global ecosystem. It announced the most awaited news of being appointed to the Advisory Board of the APPGBlock (All Party Parliamentary Group on Blockchain Technologies). The representatives of the Algorand Foundation include the company’s CEO, Staci Warden, and the Head of Education and Inclusion, Doro …

BC.GAME Obtains Curacao LOK License, Bolstering Legal Compliance and International Expansion

Apr 22, 2024 | 09:44 am

BC.GAME® has secured a new gaming license that fully complies with Curacao’s updated regulatory framework, the National Ordinance for Games of Chance (LOK). This significant milestone underscores BC.GAME’s steadfast in providing a secure and legally compliant online gambling platform for its worldwide user base. Jack Dorsey, the CEO of BC.GAME said: “We are immensely grateful […]

Celo Blockchain Selects Optimism’s OP Stack for Game-Changing Layer-2 Network

Apr 22, 2024 | 09:44 am

TL;DR cLabs proposal to migrate Celo to an Ethereum layer 2 using OP Stack. Special anniversary of the mainnet launch. Invitation to participate in the discussion of the proposal at the forum and in a community call on May 2. Since its launch four years ago, the Celo mainnet has been a space for innovation ... Read more

Shiba Inu’s Technical Signs Foresee 144% Explosion

Apr 22, 2024 | 09:40 am

Shiba Inu is gearing up for a stunning comeback to its early 2024 high of $0.0000457, a potential rise of 69%. In a recent technical analysis by leading cryptocurrency analyst Javon Marks, the token’s 9-hour trading prices have revealed a hidden bullish divergence, indicating a potential surge in its market value in the coming months. […]

Cardano begins the week on a promising note

Apr 22, 2024 | 09:30 am

Cardano’s ADA has been up by 2.01% in the last 24 hours and is listed at $0.5113 when articulating this piece. Many in the Cardano community have tagged this as a promising start. What holds them back is the potential for it to sustain the momentum. The current rise comes after the previous one, which …

Turbulent times ahead as Ripple files response to penalty of $2 billion

Apr 22, 2024 | 09:10 am

The continuing legal encounter between Ripple Labs and the American SEC is climaxing this week. Ripple is planning to file an opposition brief, and its sealed response will be submitted by 22/April/2024. Ripple Lab’s submission of a sealed response will be followed by a version that will be made public very soon. It is to …

From joke to jackpot: DOGE and SHIB’s surprising market resilience

Apr 22, 2024 | 09:00 am

Dogecoin and Shiba Inu have transcended their origins as internet memes to become staples in the portfolios of many cryptocurrency investors. This remarkable transformation from joke to jackpot is a testament to their surprising market resilience and the profound loyalty of their communities. This article delves into how Dogecoin (DOGE) and Shiba Inu (SHIB) have …

BlockDAG leads the presales with $19.5 million: Unveiling top investment opportunities with Fezoo and 5th Scape

Apr 22, 2024 | 09:00 am

Investors looking for premier cryptocurrency opportunities in 2024 will consider BlockDAG, Fezoo, and 5th Scape as crucial contenders. BlockDAG is particularly notable for its groundbreaking technology and substantial passive income opportunities. As cryptocurrency enthusiasts evaluate their options, the interaction among these three leaders highlights BlockDAG’s advantageous standing as a top cryptocurrency choice in 2024. It …

3 Major Metrics To Watch Out For That Can Impact Ethereum Prices

Apr 22, 2024 | 09:00 am

The crypto market has been plagued with increased volatility lately, with the second largest crypto token by market cap, Ethereum (ETH), not exempt. This has made it harder to determine Ethereum’s future trajectory. However, certain metrics indicate what direction ETH’s price could head in when this volatility subsides. Ethereum Investors Are Bullish Data from Coinglass [...] The post 3 Major Metrics To Watch Out For That Can Impact Ethereum Prices appeared first on Crypto Breaking News.

Bitcoin vs. Ethereum: Higher fees spark debate as demand booms

Apr 22, 2024 | 09:00 am

Bitcoin has eclipsed Ethereum on transaction fees front and looks ready to challenge it on the L2 frontier too.

Bitcoin rises once again, sets a bullish tone for $100k milestone

Apr 22, 2024 | 08:50 am

The RSI demonstrates that Bitcoin is dancing to the bullish tunes. This is evident because BTC has reclaimed the mark of $66,000. While it happened briefly, it has set the stage for a resistance at $63,800. The formation of the triple-top pattern has further contributed to this factor. Thereby reviving all hopes of a new …

NYSE Considers 24-Hour Trading Model in Response to Crypto Market Trends

Apr 22, 2024 | 08:41 am

Cryptocurrency markets operate continuously, trading every day of the week, around the clock. In a similar vein, reports indicate that the New York Stock Exchange (NYSE) is exploring the possibility of shifting to 24/7 operations. The data team at NYSE has conducted a survey among its investors, revealing a strong interest in the availability of […]

SubQuery Network Building a More Accessible and Robust Digital Future Powered by Decentralized Middleware

Apr 22, 2024 | 08:38 am

To revolutionize the Web3 space, SubQuery Network seeks to offer DApp developers a blend of the efficiency of centralized systems and the security of decentralization with its decentralized Middleware infrastructure. This development comes in response to the growing demand for decentralized applications (DApps), which has necessitated robust middleware solutions to bridge the gap between blockchain […]

FTX prepares for increased Solana (SOL) sales: Anticipated price impact

Apr 22, 2024 | 08:35 am

The bankruptcy estate of FTX is getting ready to make a big move by putting a sizable number of Solana tokens up for auction. This tactic is a component of the liquidation plan that FTX started after it collapsed in November 2022. In a move poised to make waves within the cryptocurrency market, leading exchange …

io.net and Aethir Team Up to Enhance Decentralized GPU Solutions and Announce Massive Airdrop

Apr 22, 2024 | 08:21 am

TL;DR Aethir and io.net announce strategic collaboration to improve GPU access and performance. They will integrate io.net virtualization technology with Aethir’s distributed GPU cloud. A powerful, low-latency and cost-effective solution is expected for GPU-intensive workloads. Aethir and io.net have unveiled a strategic collaboration aimed at improving the access and performance of graphics processing units (GPUs) ... Read more

Bitcoin Halving and Runes Protocol surge miners’ profits despite market challenges

Apr 22, 2024 | 08:18 am

On April 19 2024, the Bitcoin halving event took place, cutting the block reward for miners in half from 6.25 BTC to 3.125 BTC per block. The event expected miners to have lower minting fees and the bitcoin prices to become more volatile, and it was thought to have implications for both traders and investors. …

Bitget featured at Token2049 Dubai with panels and key side events

Apr 22, 2024 | 08:17 am

Victoria, Seychelles, April 22nd, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company is making its presence felt in the week of Token2049, Dubai. Bitget COO Vugar Usi Zade led the panel discussion around real-world asset tokenization. The company also hosted various side events, including a Kpop Party, Bitcoin Track Day and Beach Party, […] The post Bitget featured at Token2049 Dubai with panels and key side events appeared first on CoinJournal.

BNB vs BUDZ: Binance Traders Predict New Memecoin To Hit Tier 1 Exchanges

Apr 22, 2024 | 08:00 am

The cryptocurrency landscape is buzzing with anticipation as Binance (BNB) traders set their sights on a promising new contender, Shiba Budz (BUDZ). As the digital asset market continues to evolve, the emergence of Shiba Budz (BUDZ) is drawing significant attention, with many predicting that it will soon grace Tier 1

BSV Blockchain is Green Technology

Apr 22, 2024 | 08:00 am

BSV blockchain is pushing past boundaries in terms of transaction capacity but redefining the standards for energy efficiency in digital transactions, a feat that would bridge the gap to the digital economy. [...] Read More... The post BSV Blockchain is Green Technology appeared first on CoinGeek.

Ethereum Spot ETFs Approval Skepticism Persists, As ETH Recovers

Apr 22, 2024 | 08:00 am

Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s [...] The post Ethereum Spot ETFs Approval Skepticism Persists, As ETH Recovers appeared first on Crypto Breaking News.

Solana NFTs beat Ethereum and Polygon: What’s going on?

Apr 22, 2024 | 08:00 am

Solana emerges as a leader in NFT transactions, surpassing both Polygon and Ethereum.

BONK vs BUDZ: Bonk investors enter Bonk-like cryptocurrency available on Uniswap

Apr 22, 2024 | 08:00 am

In the vibrant world of cryptocurrency, a new player, Shiba Budz, is quickly gaining attention on Uniswap, drawing interest from investors traditionally aligned with Bonk (BONK). As the markets continue to evolve, Shiba Budz (BUDZ) emerges as a compelling alternative for those looking for the next big opportunity in meme coins. Bonk and the rise …

OKX announces teaming up with TON Foundation

Apr 22, 2024 | 07:58 am

OKX has announced teaming up with TON Foundation. The primary aspect entails adding support for USDt on TON Blockchain for deposit and withdrawal. The secondary aspect deals with hosting a Learn & Earn Campaign. This requires users to only learn about USDt on TON and take home a fair share of the prize pool, which …

Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins

Apr 22, 2024 | 07:57 am

Hut 8, the result of a merger with US Bitcoin Corporation last November, has garnered attention due to its diversified business model, according to a research report by Benchmark released today (Monday).A Close Look at Revenue Streams and Crypto ReservesBenchmark analysts highlighted the company's various revenue streams, including self-mining, managed services, hosting, and involvement in high-performance computing and artificial intelligence sectors. Initiating coverage on Hut 8, Benchmark issued a buy rating with a $12 price target. At the time of publication, Hut 8's shares were trading 5.2% higher at $8.47.The report also noted Hut 8's bitcoin holdings, ranking second among listed miners as of March 31, with 9,102 bitcoins held in reserve. This substantial bitcoin reserve not only provides the company with a substantial liquidity cushion but also positions it to benefit from price rallies in the cryptocurrency market.Broker Benchmark initiated coverage of $BTC miner @Hut8Corp with a buy rating and a $12 price target. It said the company was more diversified following its merger with US Bitcoin Corporation. @willcanny99 reports.https://t.co/fsRstb2FXP— CoinDesk (@CoinDesk) April 22, 2024“Hut trades at a discount to its bitcoin mining peers that we expect to shrink as the company executes on its self-mining expansion plans,” analyst Mark Palmer wrote. “Management has focused on actions aimed at reducing the company’s cost of mining bitcoin and its realized cost of energy and increasing its cash flow.”Hut 8's crypto holdings are valued at approximately $592 million, which accounts for about 82% of its market capitalization.Shutting Down Alberta Facility for Cost SavingsHut 8 recently closed its Bitcoin mining facility in Alberta, Canada, as part of its efforts to optimize operations and improve financial performance, as reported by Finance Magnates. The company has planned to relocate efficient miners to its Medicine Hat site while retiring old and inefficient ones. This move is expected to increase the company's cash flow, reduce mining costs, and boost Bitcoin production by approximately 11% per EH. This article was written by Tareq Sikder at www.financemagnates.com.

Pushd’s e-commerce presale draws strong demand from Aptos and Cosmos investors, betting on market resilience

Apr 22, 2024 | 07:50 am

The crypto market surged in Q1 this year. However, according to a top crypto analyst, the market is expected to correct, which means there will be a significant drop in assets’ value. Aptos and Cosmos are two tokens that could undergo correction. Due to this, their investors are looking towards Pushd for better investment opportunities. …

Offline Bitcoin Payments? New Fix Sparks Debate

Apr 22, 2024 | 07:40 am

The Bitcoin community once again captured attention with a recent debate that shed light on critical issues with the Lightning Network, an L-2 protocol designed to accelerate BTC transactions. Leading blockchain security expert James Loop pointed out a significant operational challenge. As per Loop, LN’s requirement for users to be online to receive payments complicates […]

Tether’s worth stands at $60 million on TON blockchain

Apr 22, 2024 | 07:35 am

TON blockchain started hosting Tether effective April 19, 2024. The volume issued was worth approximately $35 million. Almost 2 days later, the issuance has touched the massive milestone of $60 million on the said blockchain with expectations that it would soon inch closer to the giants like Ethereum and Solana, which are hosting approximately $51 …

Middle East Records 166% Surge in Crypto Adoption, UAE Leads

Apr 22, 2024 | 07:32 am

The Middle East has emerged as a hotspot for cryptocurrency adoption, according to a recent report by Bitget Research. The average daily number of crypto traders in the region soared to 500,000 in 2024. This figure represents an increase of 166% year-over-year. Crypto in the Middle East This surge in crypto adoption is driven by several factors, such as favorable regulatory frameworks, the approval of Bitcoin ETFs, and the overall bullish sentiment in the cryptocurrency market. The United Arab Emirates (UAE) leads, with 72% of crypto users actively investing in Bitcoin.Centralized crypto exchanges globally have experienced an increase in the number of users from the Middle East. According to Bitget Research, these exchanges recorded over 500,000 daily active users on average in February 2024. This figure represents a substantial jump from the previous year. The UAE's crypto-friendly policies and the approval of spot Bitcoin ETFs have played an important role in crypto adoption.Although centralized exchanges dominate, decentralized platforms have gained momentum among Middle Eastern crypto users. Decentralized exchanges built on blockchains like Solana, BSC, and Ethereum are becoming the go-to digital platforms for P2P trading. Trust Wallet, MetaMask, and Bitget Wallet are among the top choices in digital wallets. Bitget Report: Middle East Crypto Market Surges, Daily Traders Up 166% in Year https://t.co/LBVs0UdlxD— Jared Kirui (@JaredLopta79285) April 22, 2024Speaking about the report, Gracy Chen, the Managing Director of Bitget, mentioned: “We are excited about the potential of the Middle East market and anticipate continued growth in both users and market size. The UAE, in particular, holds significant importance as a base within the region.”“It has emerged as a hub for cryptocurrency talents, funds, and enterprises while also steadily gaining global influence in the crypto space. We look forward to contributing to and witnessing the further development of this dynamic market.Steady Rise in Crypto AdoptionGenerally, Bitget Research's report highlighted a positive outlook for the future of cryptocurrency adoption in the Middle East. The report projects that the region's daily active users will continue to rise, reaching an estimated 700,000 by the end of 2024.Recently, Binance secured a full operating virtual-asset service provider license from Dubai's Virtual Assets Regulatory Authority. The exchange's journey began with an Operational MVP license obtained by its local unit, Binance FZE, in mid-2023. This license allowed the exchange to offer broker-dealer services and virtual-asset derivative trading to institutional and individual investors. This article was written by Jared Kirui at www.financemagnates.com.

Against all odds, Koala Coin (KLC) ascends, bolstered by adjustments from Cardano (ADA) and Sui (SUI)

Apr 22, 2024 | 07:31 am

While 90% of new cryptocurrencies fail, Koala Coin defies these odds, rising strongly during its presale stage at an attractive price of $0.014. This surge, alongside adjustments in Cardano (ADA) and Sui (SUI), triggered a wave of fear of missing out (FOMO), prompting quick action to secure a stake in the promising journey of Koala …

Giant Whale With $405,190,000 in Ethereum Starts Withdrawing ETH From Binance: On-Chain Data

Apr 22, 2024 | 07:30 am

Crypto whales are currently on the move as one large entity with nearly half a billion dollars worth of Ethereum (ETH) was spotted withdrawing coins from crypto exchanges. First seen by blockchain tracking firm Lookonchain, an address beginning with “0x4359” was spotted taking their ETH out of Binance and decentralized exchanges (DEXes). Lookonchain says the […] The post Giant Whale With $405,190,000 in Ethereum Starts Withdrawing ETH From Binance: On-Chain Data appeared first on The Daily Hodl.

Swiss National Bank Considers Bitcoin for Currency Reserves: How Bitcoin Could Strengthen Switzerland’s Financial Independence

Apr 22, 2024 | 07:22 am

Luzius Meisser supports the initiative, arguing Bitcoin offers more stability than traditional Euro and Dollar investments. Experts suggest diversifying national reserves with Bitcoin could mitigate risks linked to government bonds prone to default. Yves Bennaïm, a key figure in the Swiss cryptocurrency community, has launched a public initiative proposing that the Swiss National Bank (SNB) [...]

Bitcoin Fees Hit 5-Year Low Amid Runes Token Surge: A Surprise Twist for Analysts

Apr 22, 2024 | 07:20 am

TL;DR Despite the rise of Runes, Bitcoin transaction fees have hit a five-year low, surprising analysts. Initially, Runes activity raised concerns about fees, but its impact on the BTC network appears to be decreasing, indicating relative stability. Miners can capitalize on the increased transaction demand, helping to maintain network security and robustness. Despite the recent ... Read more

Bitcoin fees sink after a record $128 daily average on halving day

Apr 22, 2024 | 07:15 am

Within twenty-four hours of the fourth Bitcoin halving on April 20, the average fees paid on the platform witnessed a substantial drop. According to mempool.space, as of April 21, Bitcoin rates for medium-priority transactions have dropped to an average of $8–$10. According to Crypto Fees, Bitcoin surpassed Ethereum by more than 24 times, with a …

Raffle Coin’s presale gains momentum, drawing in BAT & Maker investors despite the market’s volatility

Apr 22, 2024 | 07:15 am

In the crypto space, Raffle Coin offers an innovative decentralized platform that attracts multiple investors toward its presale. The successful ongoing presale is a game-changer for the crypto raffle platform. With Raffle Coin’s presale gaining attention across the crypto world, BAT and Maker’s investors are also considering it for immense gains. They are pouring money …

Experts Warns: “EigenLayer is facing a major yield crisis”

Apr 22, 2024 | 07:11 am

TL;DR EigenLayer, the largest restaking protocol on Ethereum with over $15 billion locked, is facing a potential yield crisis due to a discrepancy between the Ether deposited and the actual security needs of its Actively Validated Services (AVS) nodes. The yield crisis could escalate as the prices of alternative coins decrease, causing AVSs to lose the motivation ... Read more

A Rant Against Ordinals

Apr 22, 2024 | 07:08 am

On Free Speech President of Bitcoin Magazine, Mike Germano, has dared me to publish this rant with the following meme: Source: https://x.com/mikegermano/status/1773003239312503243?s=20 To all the haters, yes, even in Bitcoin Magazine can free debate flourish. I’m grateful for the opportunity to submit a dissenting opinion about Ordinals. With technical editor Shinobi at the helm, writers’ [...] The post A Rant Against Ordinals appeared first on Crypto Breaking News.

Ripple (XRP) Investors Await Ripple’s Response as Opposition Brief Deadline Looms

Apr 22, 2024 | 07:05 am

Ripple is expected to file its remedy-related opposition brief filing on April 22 with the details of the filing only available to the public on April 24th. With the SEC v. Ripple case continuing to influence XRP prices, investor interest has peaked which has led to some price movement. With the ongoing SEC v. Ripple [...]

Can Whales Ignite Polygon (MATIC)’S Journey To $1

Apr 22, 2024 | 07:00 am

Polygon (MATIC) is on the brink of reaching the coveted $1 mark, and the influence of large-scale investors, commonly referred to as ‘whales,’ is poised to play a crucial role in this ascent. This article will delve into the potential impact of whale activities on Polygon (MATIC)’s market price and

Facing market storms with unyielding determination: Koala Coin (KLC), Cosmos Hub (ATOM), and Sei (SEI)

Apr 22, 2024 | 07:00 am

The cryptocurrency market is a tempestuous landscape where fortunes can rise and fall with the speed of a rogue wave. Yet, amidst the volatility, Koala Coin (KLC), Cosmos Hub (ATOM), and Sei (SEI) stand out as beacons of resilience. Among them, Koala Coin shines, entering its first presale stage at $0.014, demonstrating its unique ability …

Is VeChain (VET) on the Verge of a Breakout? Analyst Predicts $0.08 Target

Apr 22, 2024 | 07:00 am

VeChain could be on the verge of a breakout, one analyst projects, pointing to the symmetry between its current trading pattern and previous cycles. Meanwhile, Coincodex foresees VeChain dipping slightly to dip below $0.038 despite a marginal recovery over the past week to reverse a mid-month dip. VeChain features prominently whenever blockchain adoption is brought [...]

Polkadot (DOT) Mainnet Faces Parachain Halt After Runtime Upgrade Launch

Apr 22, 2024 | 06:59 am

The recent runtime upgrade of Polkadot’s mainnet triggered interest in the blockchain community. Polkadot’s runtime upgrade utilizes Wasm in Substrate, which is powering Polkadot and related chains, to allow runtime updates without hard forks. The recent runtime upgrade of Polkadot’s mainnet triggered interest in the blockchain community. Nevertheless, the improvement caused an unintended pause in [...]

UXLINK Launches AIRDROP2049 With OKX Ventures, Web3Port, Trusta, and 50+ Leading Web3 Projects

Apr 22, 2024 | 06:56 am

As TOKEN2049 commenced in Dubai on April 18th, the digital landscape witnessed another significant event in the realm of Web3 technology. AIRDROP2049 was officially launched at 20:49 Standard Time (GMT+1) on the same day, signaling the start of an immersive online journey for users worldwide. AIRDROP2049, an initiative spearheaded by

Bitwise CEO sees rise in Wealth Firm Bitcoin ETF investments

Apr 22, 2024 | 06:45 am

Bitwise CEO Hunter Horsley recently forecasted a substantial increase in the holdings of Bitcoin ETFs among wealth management companies by the end of 2024, highlighting rising confidence in crypto as a profitable investment even during the current market shifts. Based on the reports on CoinGape, this prediction is based on the expectation of Bitcoin ETFs …

DOGE’s Potential Surge: Analysts Predict $1 Milestone Amidst Surging Optimism

Apr 22, 2024 | 06:40 am

Dogecoin (DOGE) is about to experience a significant upward movement. It attracts the interest of many optimistic analysts predicting strong performance and rapid value increase. DOGE remains steadfast, showing strength and readiness for a bullish rally. At the time of writing, Dogecoin’s price stands at $0.158312. It has an impressive 24-hour trading volume of $55.09 […]

Manchester City Launches New NFT Collection Linked to Limited-Edition Jerseys

Apr 22, 2024 | 06:31 am

TL;DR Manchester City and OKX will launch a collection of NFTs linked to limited edition jerseys and exclusive matchday experiences. The collaboration is part of the growing trend of merging the sports world with blockchain technology, attracting new audiences and creating innovative products. Fans will be able to acquire unique NFTs through the OKX app, ... Read more

Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycle’s Bottom

Apr 22, 2024 | 06:30 am

Bitcoin enthusiasts around the globe can now breathe a collective sigh of relief as the world’s premier cryptocurrency, Bitcoin, rebounds from a recent downturn. Last week witnessed Bitcoin, akin to the broader market, sliding below the $60,000 mark, primarily due to risk aversion, the US tax season, and escalating geopolitical tensions in the Middle East. [...] The post Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycle’s Bottom appeared first on Crypto Breaking News.

Thailand Cracks Down on Unregistered Crypto Services to Tackle Cyber Crime

Apr 22, 2024 | 06:18 am

Thailand is planning to block unauthorized cryptocurrency service providers to fight online crimes. The Office of the Securities and Exchange Commission (SEC) is partnering with Thai government agencies to prevent criminals from utilizing crypto exchanges for illicit activities, including money laundering.Thailand Warns about Unregistered Crypto PlatformsAccording to the press release, Pornanong Busaratrakul, the Secretary General of the SEC, recently disclosed plans to submit information about unauthorized crypto service providers to the Ministry of Digital Economy and Society.The regulator's decision reflects similar actions taken by other countries like India and the Philippines. The SEC is strengthening its commitment to protecting investors and safeguarding the financial system by taking action against unregistered crypto service providers in Thailand. In light of this development, the SEC has urged users of unauthorized platforms to promptly withdraw their assets. Additionally, the commission has cautioned investors against using services offered by unauthorized digital asset operators, as they may not be protected by law. Besides that, the Thai securities watchdog has encouraged crypto traders to verify the legitimacy of digital asset operators by consulting its list of licensed businesses or using the "SEC Check First" application. Any suspicious activities can be reported to the SEC's Complaint and Whistleblower Center for further investigation.Global Crypto Regulation ShiftsWhile Thailand reinforces its regulations on crypto exchanges, digital asset platforms in Europe are also facing regulatory scrutiny. For instance, the recently adopted Markets in Crypto-Assets Regulation mandates the European Commission to assess the feasibility of decentralized finance for specific regulations by the end of the year.In South Korea, the country's financial regulator is preparing to adopt significant laws for virtual asset service providers (VASP), targeting the employment of executives in the sector. Specifically, these regulations would necessitate the vetting of executives before they assume roles within the VASP firms. This action is aimed at granting the Financial Services Commission authority over personnel matters within the crypto industry.Should these proposals be enacted, companies seeking to renew their VASP licenses would face heightened scrutiny regarding their personnel decisions. The FSC will have the mandate to suspend the VASP licenses if there is an ongoing investigation targeting the executives. This article was written by Jared Kirui at www.financemagnates.com.

Worldcoin (WLD) Gains Momentum with Launch of Worldchain: Bullish Signals Ahead?

Apr 22, 2024 | 06:17 am

Worldcoin is on track to launch World chain with positive sentiment around WLD. Headwind remains intact as WLD is yet to reclaim all its lost valuation in the short term. Worldcoin (WLD), an iris biometric crypto project has announced its roadmap for the launch of Worldchain, its highly anticipated Layer 2 solution. This move has [...]

Swiss Central Bank Urged to Add Bitcoin to Balance Sheet

Apr 22, 2024 | 06:15 am

A group of Bitcoin advocates in Switzerland have launched a campaign to convince the Swiss National Bank (SNB) to add Bitcoin to its balance sheet. The nonprofit organization 2B4CH aims to hold a national referendum to amend Switzerland’s constitution to require the central bank to hold Bitcoin. BREAKING: 🇨🇭Bitcoiners to launch a petition for Swiss [...] The post Swiss Central Bank Urged to Add Bitcoin to Balance Sheet appeared first on Crypto Breaking News.

Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join

Apr 22, 2024 | 06:13 am

Grand Cayman, Cayman Islands, April 22nd, 2024, Chainwire Alibaba Cloud, AngelHack and dWallet are among the latest supporters for the global event. Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in [...]

Presidential Candidate Proposes Putting the Entire US Budget on Blockchain

Apr 22, 2024 | 06:12 am

TL;DR Robert Francis Kennedy Jr. (RFK Jr.), a U.S. presidential candidate and Bitcoin advocate, has proposed to put the entire U.S. budget on a blockchain, allowing every American to scrutinize every budget item anytime they want. The proposal was met with both enthusiasm and criticism. While many crypto advocates hailed it as a revolutionary step towards ending ... Read more

Shiba Inu’s FHE Blockchain Gains $12 Million Boost in Venture Capital Round

Apr 22, 2024 | 06:08 am

Shiba Inu is reported to have successfully raised $12 million in a strategic venture capital round to support the development of its FHE. Shiba Inu’s Shytoshi Kusama has commended the participants, adding that the ecosystem has “crushed expectations”. Shiba Inu’s (SHIB) advanced approach towards the development of the Fully Homomorphic Encryption (FHE) solutions on Shibarium [...]

BC.GAME Secures New Curacao LOK License, Enhancing Legal Compliance and Global Reach

Apr 22, 2024 | 06:05 am

Willemstad, Curaçao, April 22nd, 2024, Chainwire BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user base. Jack Dorsey, the CEO [...]

SEC sets Justin Sun straight; Mango Market exploiter Avi Eisenberg convicted

Apr 22, 2024 | 06:00 am

While Tron's legal team attempt to steer clear from accusations that Justin Sun was behind entities promoting an illegal money-making scheme, the SEC was quick to poke holes in the argument. [...] Read More... The post SEC sets Justin Sun straight; Mango Market exploiter Avi Eisenberg convicted appeared first on CoinGeek.

Base Network’s Meteoric Rise: Contract Deployers Hit Record Highs, Active Users Surge

Apr 22, 2024 | 05:43 am

TL;DR The Base network reached a record high with 21,700 contract deployers on April 20, reflecting strong growth in network adoption and usage. The number of active users on the network increased by 63% in the last month, reaching 3.8 million. Jesse Pollak, protocol lead, aims to attract 1 million developers and surpass one billion ... Read more

Dogecoin’s Price Action Hints At ‘$1 DOGE’ Milestone Amidst Consolidation

Apr 22, 2024 | 05:37 am

Despite facing challenges in recent weeks, Dogecoin (DOGE) demonstrated resilience, joining other cryptocurrencies on Monday in a modest surge led by Bitcoin.

Satoshi Nakamoto’s Partner Reveals Bitcoin’s True Purpose

Apr 22, 2024 | 05:24 am

Martti Malmi, also known as Sirius, an early student of pseudonymous Bitcoin creator Satoshi Nakamoto, recently disclosed over 250 emails with Satoshi.

Digital Asset Investments Face Headwinds: Outflows Continue as Bitcoin Fluctuates

Apr 22, 2024 | 05:19 am

TL;DR Digital asset investment products have seen a second consecutive week of outflows, with $206 million leaving the market. Bitcoin investment products were hit the hardest, witnessing outflows of $192 million. The US ETF market experienced a decline in sentiment, with $244 million in outflows recorded primarily in existing ETFs. However, newly issued ETFs still attracted ... Read more

Over 2.52-Million Of New Bitcoin Rival, Mollars Bought As Token Presale Ends

Apr 22, 2024 | 05:10 am

The final days of the Initial Coin Offering for the new Bitcoin alternative on the Ethereum blockchain have come. The Mollars token presale momentum continues to surge, signalling a remarkable journey for this groundbreaking project as it’s raised 2% more in funding in the last 48 hours. Over 2.52 million tokens have been presold, with […]

SEC Will Disapprove Ethereum ETFs in May, Says Top Analyst

Apr 22, 2024 | 04:52 am

TL;DR The SEC faces a crucial dilemma regarding the approval of Ethereum ETFs in May, with mostly negative opinions among crypto market experts. Nate Geraci from ETF Store believes that the lack of dialogue between issuers and the SEC will be an obstacle to the approval of ETH ETFs. Eric Balchunas from Bloomberg suggests that ... Read more

Crypto Trader Turns Bullish on Ethereum-Based Altcoin, Says Project Will Be Axie Infinity of This Cycle

Apr 22, 2024 | 04:45 am

A widely followed trader thinks one gaming project on Ethereum (ETH) will be the Axie Infinity (AXS) of this cycle. In 2021, AXS was one of the best-performing coins, pulling off a 174,900% gain when the gaming altcoin rallied from around $0.10 to $175. Now, pseudonymous trader Criptopaul tells his 107,600 followers on the social […] The post Crypto Trader Turns Bullish on Ethereum-Based Altcoin, Says Project Will Be Axie Infinity of This Cycle appeared first on The Daily Hodl.

Beyond Inscriptions: Runes Protocol Opportunity Analysis

Apr 22, 2024 | 04:36 am

As the Bitcoin halving passes, the Runes protocol is also gearing up for launch, generating widespread market attention amid the booming concept of inscription projects. Runes, conceived by Ordinals founder Casey as a token issuance protocol built upon Ordinals aims to provide a streamlined approach to creating and managing fungible tokens. Participating in the Runes […]

Bitget’s Presence Shines at Token2049 Dubai with Insightful Panels and Key Side Events

Apr 22, 2024 | 04:12 am

Bitget, renowned as one of the world’s top cryptocurrency exchanges and Web3 companies, has made a significant impression during the Token2049 week in Dubai. Vugar Usi Zade, Bitget’s COO, took centre stage by leading a panel discussion on tokenising real-world assets. The session, titled “Practical DeFi, Tokenization of Real World Assets for Real World Problems,” […]

MetaPets and Boximon: Take your NFTs for a walk in the real world

Apr 22, 2024 | 04:00 am

Omniscape has created MetaPets and launched the "Boximon" character series, combining location-based AR with blockchain transactions in a game that experiments with virtual spaces. [...] Read More... The post MetaPets and Boximon: Take your NFTs for a walk in the real world appeared first on CoinGeek.

Figure Markets CEO confirms FTX’s auction of remaining locked Solana (SOL)

Apr 22, 2024 | 03:21 am

FTX to auction the remaining locked Solana (SOL) tokens. The last SOL token sale by FTX attracted significant buyer interest. Figure Markets confirms it will participate in the auction. The embattled FTX cryptocurrency exchange is set to auction the remaining locked Solana (SOL) tokens from its estate. The decision follows the success of the previous […] The post Figure Markets CEO confirms FTX’s auction of remaining locked Solana (SOL) appeared first on CoinJournal.

Solvent.app Introduces AI-Enhanced Bot Network on Solana Blockchain amid Ongoing $SOLV Token Presale

Apr 22, 2024 | 02:03 am

Solvent.app introduces a groundbreaking AI-enhanced bot network on the Solana Blockchain, accompanied by an ongoing $SOLV token presale. Solvent.app, a cutting-edge blockchain protocol, has recently unveiled its AI-powered, bot-driven revenue generation system on the Solana blockchain. The innovative network is driven by advanced sniper bots programmed to swiftly and accurately carry out transactions, maximizing profit […]

UK lawmakers call for government to invest in digital skills

Apr 22, 2024 | 02:00 am

Member of Parliament Lisa Cameron chaired the debate and started proceedings by arguing that the U.K. needs to "level up" if it wants to be a superpower across emerging digital technologies. [...] Read More... The post UK lawmakers call for government to invest in digital skills appeared first on CoinGeek.

Investing in blockchain—learn how you can ride the wave of enterprise adoption from the experts

Apr 22, 2024 | 00:00 am

As blockchain adoption gathers steam, many are starting to invest in the emerging tech to future-proof their businesses, and the London Blockchain Conference is here to give pointers on this move. [...] Read More... The post Investing in blockchain—learn how you can ride the wave of enterprise adoption from the experts appeared first on CoinGeek.

World Economic Forum report examines use cases, benefits of wholesale CBDC

Apr 21, 2024 | 22:00 pm

While emphasizing the potential of CBDCs in enhancing payments and securities transactions, the World Economic Forum also identified a number of industry challenges where the technology can be of good use. [...] Read More... The post World Economic Forum report examines use cases, benefits of wholesale CBDC appeared first on CoinGeek.

Microsoft’s G42 deal shows US and China in AI cold war (that could get much hotter)

Apr 21, 2024 | 20:00 pm

Microsoft made a $1.5 billion 'strategic' investment in G42, the UAE-based AI tech holding company, followed by behind-the-scenes negotiations with Commerce's BIS last year. [...] Read More... The post Microsoft’s G42 deal shows US and China in AI cold war (that could get much hotter) appeared first on CoinGeek.

Sui Overflow Hackathon’s Funding Pool Swells to $1 Million With New Sponsors Onboard

Apr 21, 2024 | 19:54 pm

Sui Overflow hackathon, a global virtual event that fosters innovation on the Sui blockchain, has received a significant funding injection, doubling its initial funding pool to $1,000,000. According to an official release today, this surge in financial support is due to enthusiastic backing from prominent sponsors, including Alibaba Cloud, AngelHack, and dWallet. Sui Unveils Its […]

Option2Trade (O2T): This Render (RNDR) Competitor at $0.032 Before it Reaches $10

Apr 21, 2024 | 19:44 pm

As the cryptocurrency market evolves, new opportunities emerge for traders keen on innovative technologies. One such opportunity is Option2Trade (O2T), rapidly gaining attention as a strong competitor to Render (RNDR). Priced at just $0.032, experts are forecasting that Option2Trade (O2T) could reach $1 in the near future, making it a must-watch in the digital asset […]

Bitbot gains as Ape Terminal cancels ZKasino IDO

Apr 21, 2024 | 05:07 am

Ape Terminal, one of the top IDO platform’s in the market, has cancelled crypto betting platform ZKasino’s IDO. This unfolds as the broader crypto community is showing greater resilience amid Bitcoin’s halving. A few projects are however attracting as much attention as new crypto trading solution Bitbot. As Bitbot matches towards a highly successful presale, […] The post Bitbot gains as Ape Terminal cancels ZKasino IDO appeared first on CoinJournal.

Crypto Investment Products Experience $126 Million Weekly Outflows: CoinShares Report

Apr 21, 2024 | 03:58 am

Last week, the cryptocurrency investment landscape showed signs of cooling, with minor outflows of $126 million from related investment products.

4 crypto underdogs that could be ready to shine in the bull run

Apr 20, 2024 | 09:00 am

TLDR The Ethena (ENA) price is predicted to bounce back above $1.50. The Celestia (TIA) token is predicted to rise again and trade above $15. Experts predict that the SUI price will rise above $1.50. Rebel Satoshi ($RBLZ) surpasses 357 million $RECQ tokens sold during its skyrocketing presale. With the recent dip in the market, […] The post 4 crypto underdogs that could be ready to shine in the bull run appeared first on CoinJournal.

Breaking: Bitcoin Halving is Sealed after Mining of Block 840,000

Apr 19, 2024 | 17:14 pm

The Bitcoin halving just took place at block number 840,000. This event today reduced the mining reward for each block to 3.125 Bitcoins from 6.25 Bitcoins. New Bitcoins are introduced into circulation through these mining rewards.Another Bitcoin HalvingHalving is one of the most significant events in the cryptocurrency world and occurs approximately every four years, specifically after every 210,000 blocks. It greatly reduces the supply of Bitcoin, thus helping to control inflation by maintaining scarcity.Bitcoin was created on 3 January 2009. Initially, the reward for mining each block was 50 Bitcoins. The mining reward was first halved on 28 November 2012 in the first halving event. The next halving event took place on 9 July 2016, reducing the mining reward to 12.5 Bitcoins per block, while the third halving on 11 May 2020 reduced it further to 6.25 Bitcoins.Now, the reward for mining each Bitcoin block is 3.125 Bitcoins.The Cap of 21 Million BitcoinsBitcoin operates on a proof-of-work consensus mechanism, and according to the algorithm, a halving must occur every 210,000 blocks until all 21 million Bitcoins are mined. It is estimated that the next Bitcoin halving will happen in 2028.To alter this pre-set algorithm, a majority of Bitcoin miners, more than 50 percent, must agree, which is nearly impossible given Bitcoin's decentralized and extensive network.Currently, around 19 million Bitcoins have already been mined, leaving only 2 million more to be mined.The halving of Bitcoin supply has a significant impact on the cryptocurrency's price. Historically, it has been one of the major price drivers, with Bitcoin prices surging around the event. The event affects Bitcoin miners' operations, as a reduction in the reward by half without a corresponding significant price increase, affects the cash flow of the mining operations. This article was written by Arnab Shome at www.financemagnates.com.

Bitcoin Halving and Geopolitics: The Liquidity Conundrum

Apr 19, 2024 | 10:54 am

The long-awaited day of the 4th phase of Bitcoin's halving is looming in the cryptocurrency sector. The countdown to this event shows that it could happen around the final hours of Friday evening if you are located in the Americas or Saturday morning if you are in Asia or Europe.According to the market metrics, the event is much anticipated and should be discounted well in advance of its actual occurrence. In contrast to unpredictable overnight barrages of rockets in the heat of the Middle East, the halving event has a clear outcome—the amount of BTC rewards that miners get for completing a block will be reduced in half to 3.125 BTC from the current 6.25.This will inevitably lead to less supply from miners, but does it change the liquidity of the overall market? We will attempt to answer that question in the coming paragraphs, and while at it, we will also highlight some challenges related to the current geopolitical landscape and the resulting jittery market conditions we have recently observed.Are Previous Halvings Linked to Liquidity Squeezes?Every time 210,000 blocks are mined, the Bitcoin network's protocol cuts in half the amount of new rewards. As highlighted by the institutional research team at Coinbase, this means that the newly minted supply will drop from 900 Bitcoins per day to 450 Bitcoins per day. At current market prices ($65,000 per BTC), this equates to roughly $30,000,000 worth of new supply per day or $900,000,000 per month.These figures are rather low compared to the average daily trading volumes across crypto exchanges, especially since the launch of BTC ETF trading, which triggered increased interest in the asset class.The amount of tradable Bitcoin has also been on the rise during the recent bull run that accelerated since early Q4 2023. According to the team at Coinbase Institutional Research, active BTC supply, defined as Bitcoin moved in the past three months, rose to 1.3 million. This figure is in comparison to 150,000, which was mined during that time.In a statement shared with Finance Magnates, Coinbase's Research Analyst, David Han, mentioned that the decline in BTC mining issuance could create new supply-side dynamics that are constructive in the longer term.Han expressed his doubts as to whether that can result in an imminent supply crunch: “We find that the largest contributors to increased BTC supply during bull markets come from long-term wallets beginning to activate instead of from newly mined BTC.”Crypto and Fiat Liquidity Cycles – the Signal and the NoiseA widely held belief in the cryptocurrency community is that halving events are usually followed by a significant rally in the value of their digital assets. While there is some historical correlation to corroborate this notion, science has long established - correlation does not imply causation.The logical fallacy where two events that occur at a similar time have a cause-effect relationship is at the center of spurious relationships - two events can be correlated, but that connection may not be causal.With only three halving events behind us and a fourth one brewing, one can observe correlations, but not necessarily cause-effect relationships. Halving events don’t perfectly coincide with central bank liquifying cycles, but as the chart below shows, there is some food for thought for risk-management teams and traders alike.Around the first halving in 2012, the Fed launched the third chapter of its post-financial crisis quantitative easing program (QE3), shortly followed by the first US debt ceiling crisis and the loss of the reserve currency issuer’s AAA rating.The second one, in 2016, was followed by the Bank of England’s post-Brexit ramp-up of bond buying in tandem with the ECB’s asset purchase program. Fast-forward to 2020, and we all remember the central bank and fiscal policy bazookas firing left and right with fiat liquidity so ample that it ultimately caused the sharpest spike in inflationary pressures globally since the 1970s. Geopolitical BlocksIt was an early morning in the Middle East, as a well-telegraphed attack by Iran had been unleashed upon Israel. With all other financial markets closed, it was up to crypto to reflect the current state of mind (or compute).The old Wall Street saying, “up the stairs, down the elevator,” came to mind as BTC and ETH dropped in tandem in rapidly dwindling liquidity conditions. That night, Coinbase registered about $2 billion worth of liquidations, the company’s institutional research team highlighted in a recent weekly market call.In contrast to the rather gradual price action that unfolded in the aftermath of the October 7th attack on Israel by Hamas, the Iranian attack, despite being well-telegraphed before the weekend, did result in material price action across the crypto market.At one point, Pax Gold, a crypto token supposed to be fully backed by gold, spiked about $1000 at a time when the physical gold market, which is underpinning the coin's value, wasn’t open. The magnitude of the attack certainly surprised market participants, while some automatic “stop trading” commands must have been unleashed across algorithmic trading strategies.Events centered around geopolitical stress have certainly caused some leveraged players to rethink, not only in the crypto market. Fed chair Powell’s higher rates for a longer period re-pivot raise questions about a widely expected easing of monetary policy.Speech by Chair Powell on the economic outlook @StanfordGSB: https://t.co/y6oLUN0LYwWatch live: https://t.co/a0ApMRHum2— Federal Reserve (@federalreserve) April 3, 2024To Bid, or Not to BidAs the halving cycles come and go, the impact of these events could lessen in time. Since most bitcoins have already been mined, the current market liquidity state is much more about the existing supply of BTC on the market than newly mined coins.A supply crunch overnight is the least likely event, and if very recent history is any guide, geopolitical tensions can create more volatility or liquidity waves on cryptocurrency and traditional financial markets.Guided by risk-on and risk-off flows, cryptocurrencies have been defying the trend occasionally, but at their core they remain a high-risk asset with a digital store of value component behind it. Only time will tell whether or not that narrative has become a well-established[…]

Hedgey Protocol loses $44.7M in dual cyber attacks

Apr 19, 2024 | 10:04 am

Hedgey Protocol suffers $44.7M loss in dual cyber attacks. The protocol was targeted on both Arbitrum and Ethereum chains. Hedgey advises users to cancel active claims, revoking approvals amid the ongoing investigation. Hedgey Protocol, a decentralized finance (DeFi) platform, finds itself in the throes of a cyber siege after suffering a devastating attack that resulted […] The post Hedgey Protocol loses $44.7M in dual cyber attacks appeared first on CoinJournal.

Telegram to tokenize emojis and stickers as NFTs on TON blockchain

Apr 19, 2024 | 09:17 am

Telegram co-founder and CEO Pavel Durov announced the plans at Token2049 Dubai. The tokenization project will use the TON blockchain. Toncoin price rose as TON Foundation and Tether partnered to bring USDT to TON blockchain. Telegram is taking a major step in its blockchain technology adoption with a new effort announced today during Token2049 Dubai. […] The post Telegram to tokenize emojis and stickers as NFTs on TON blockchain appeared first on CoinJournal.

What is Nibiru chain (NIBI)?

Apr 19, 2024 | 08:33 am

Nibiru Chain (NIBI) is a blockchain platform that aims to revolutionize the gaming industry by providing a decentralized ecosystem for gamers, developers, and content creators. By utilizing blockchain technology, Nibiru Chain offers transparency, security, and fair distribution of rewards to its users. Let’s delve deeper into Nibiru Chain with this article What is Nibiru chain? ... Read more

Mango Markets’ Manipulator Faces up to 20 Years in Jail after Jury Conviction

Apr 18, 2024 | 23:22 pm

A federal jury in New York yesterday (Thursday) convicted Avraham 'Avi' Eisenberg, a crypto trader, for fraud and market manipulation in carrying out a $110 million heist from the decentralized cryptocurrency exchange Mango Markets. It was the first conviction in a cryptocurrency market manipulation case.Jail Time AheadHe is now facing substantial prison time: the commodities fraud count and the commodities manipulation count against him each carry a maximum imprisonment of 10 years, while the count of wire fraud carries a maximum sentence of up to 20 years. His sentencing is scheduled for July 29.“This ground-breaking prosecution epitomizes this office’s ability to employ innovative methods and cutting-edge law enforcement tools to continue to protect all financial markets,” US Attorney Damian Williams said.A $110 Million HeistIn October 2022, Eisenberg used two accounts to sell a large number of perpetual contracts of Mango’s crypto token MNGO from one of his accounts to the other, thus artificially inflating the price by 1,300 percent in under an hour. He then used the token as collateral to borrow $110 million in other cryptocurrencies from Mango Markets and quickly withdrew the funds. In doing so, he essentially withdrew all the cryptocurrencies deposited on the DeFi platform.Later, he negotiated a settlement with Mango Markets and agreed to return $67 million to the decentralized autonomous organization governing the protocol. He was arrested in December 2022 in Puerto Rico.In court, the defense lawyers tried to convince the jury that Eisenberg’s trades on Mango Markets were “successful and legal” and “fully complied” with the decentralized protocol’s scant rules. However, the jury sided with the prosecutors' portrayal of it as a “brazen” fraud and manipulation.The US Commodity Futures Trading Commission also brought civil fraud and market manipulation charges against Eisenberg.“Manipulative trading puts our financial markets and investors at risk,” the Principal Deputy Assistant Attorney General, Nicole Argentieri, said. “This prosecution, the first involving the manipulation of cryptocurrency through open-market trades, demonstrates the Criminal Division’s commitment to protecting U.S. financial markets and holding wrongdoers accountable, no matter what mechanism they use to commit manipulation and fraud.” This article was written by Arnab Shome at www.financemagnates.com.

How to Add SatoshiVM to MetaMask

Apr 18, 2024 | 22:26 pm

Looking to expand your MetaMask capabilities and dive further into the world of decentralized finance? Adding SatoshiVM to your MetaMask account can open up new opportunities for utilizing decentralized applications and interacting with the blockchain. Learn how to integrate SatoshiVM into your MetaMask wallet with ease. Can I Add SatoshiVM to MetaMask? Certainly, connecting SatoshiVM ... Read more

Kraken Acquires TradeStation Crypto

Apr 18, 2024 | 22:23 pm

The crypto exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to support its expansion efforts in the United States, Coindesk reported.However, the closing date of the acquisition and other details remain unclear as neither company has announced anything officially. The financials of the deal have not been revealed.Kraken’s Push in the US“We can confirm Kraken has recently purchased TradeStation's crypto business,” a Kraken spokesperson wrote in an email confirming the acquisition to the crypto-focused publication. “This transaction is part of our efforts to accelerate our US presence and will support further growth and new product opportunities for Kraken in the US.”Indeed, Florida-based TradeStation Crypto holds money transmitter licenses in 47 states in the US, Washington DC, and Puerto Rico, according to the Financial Crimes Enforcement Center’s database. These licenses are necessary for running crypto exchange operations and registrar businesses in compliance with federal laws in the US.A Global Expansion PlanHeadquartered in San Francisco, Kraken is focused on its expansion, both domestically and internationally. In Europe, the exchange recently obtained multiple licenses, including regulatory approval in Spain and Ireland. Furthermore, the American exchange acquired BCM, a Dutch crypto exchange, late last year to expand its presence in continental Europe.Recently, Kraken expanded its services with the launch of a self-custodial cryptocurrency wallet. The exchange also offers a dedicated platform to its institutional clients, along with custodial solutions.Meanwhile, Kraken is facing regulatory backlash. The US securities regulator has charged the exchange with illegally operating an unregistered securities exchange, broker, dealer, and clearing agency, and with mixing customers’ money and crypto assets with its own.Interestingly, TradeStation Crypto settled with the Securities and Exchange Commission earlier this year by paying $1.5 million for offering crypto lending products, which were categorised as unregistered securities. This article was written by Arnab Shome at www.financemagnates.com.

How to Add Degen Chain to MetaMask

Apr 18, 2024 | 21:16 pm

MetaMask is a popular cryptocurrency wallet and browser extension that allows users to securely store and manage their digital assets. One of the newest and most talked-about additions to MetaMask is Degen Chain, a decentralized finance (DeFi) platform that offers a range of innovative features and opportunities for users to earn passive income. In this ... Read more

JPMorgan's CEO Jamie Dimon Renews Attack on Bitcoin, Calls It "Fraud"

Apr 18, 2024 | 12:52 pm

Jamie Dimon recently affirmed his longstanding stance against Bitcoin. In an interview with Bloomberg TV, the CEO of JPMorgan labeled the leading digital asset a "fraud" and "Ponzi Scheme." According to Dimon, Bitcoin lacks the fundamental qualities necessary to function as a currency. Dimon Labels Bitcoin "Ponzi Scheme""Crypto, if you mean crypto like Bitcoin, I've always said it's a fraud. If they think there is a currency, there's no hope for it. It's a Ponzi scheme, it is a public decentralized Ponzi scheme," Dimon mentioned. He dismissed Bitcoin as merely a speculative asset, saying those who view it as a legitimate form of money are misguided.Despite acknowledging Bitcoin's role in modern financial markets, Dimon does not believe that the token has the potential to function as a currency. Throughout the years, he has consistently expressed skepticism about Bitcoin, citing concerns about volatility and the lack of regulation. Despite the growing acceptance of the asset by mainstream institutions, Dimon's stance has not changed.JUST IN: JPMorgan CEO Jamie Dimon says #Bitcoin is a fraud and a ponzi scheme.JPMorgan is an authorized participant for BlackRock's Spot Bitcoin ETF. pic.twitter.com/4tpjkaZ0TV— Watcher.Guru (@WatcherGuru) April 18, 2024In January, while speaking during the World Economic Forum in Davos, Dimon said that he was officially done discussing Bitcoin. He likened it to a "pet rock," CNBC reported. His comments echoed similar sentiments he expressed in 2021 and the previous year in Davos, terming Bitcoin as "worthless" and a "hyped-up fraud." However, Dimon's remarks highlighted a distinction between blockchain technology and Bitcoin.Perspective on Smart ContractsDimon acknowledged the practical applications of blockchain technology in facilitating efficient transactions and data transfer. He is optimistic about smart contract-enabled blockchains, such as Ethereum, which facilitate the execution of financial transactions without the need for intermediaries.Jamie Dimon on the cryptocurrency industry: "I'd close it down" https://t.co/vimnFywEjk— CBS Mornings (@CBSMornings) December 10, 2023In his latest remarks with Bloomberg TV, Dimon said: "If it's a crypto coin that can do something like, you know, a smart contract that has value, there will be smart contracts and blockchain works."Dimon's latest comments arrived a day before the most important event in the Bitcoin blockchain: Bitcoin halving. This event occurs approximately every four years and cuts the rewards for Bitcoin miners by half. Currently, the cryptocurrency world is excited about the upcoming halving, especially with recent developments like the approval of spot Bitcoin ETFs. This article was written by Jared Kirui at www.financemagnates.com.

Tokenizing Real-World Assets Redefines Financial Inclusivity: A $16 Trillion Outlook

Apr 18, 2024 | 07:26 am

We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood, technological advancements are making it possible for anyone to access wealth-creation opportunities that were once the domain of the elite few. At the forefront of this transformation is the emergence of tokens, specifically those that represent real-world assets, such as stocks, bonds, real estate and others. By reimagining ownership and trading of assets, tokenization is unlocking doors to financial opportunities previously out of reach to many. This shift is not just altering market dynamics, it's laying the foundation for a more equitable and accessible financial future when empowerment and freedom aren't just ideals but tangible realities.Investing in Appreciating Assets - an Economic NecessityThe ability to invest capital into assets, instead of holding cash, is not a luxury but a necessity for every household looking to survive and thrive. Holding cash, often perceived as a safe bet, is a silent thief eroded by the relentless march of inflation. Consider this, $100 in 2004, sitting idly, would have the purchasing power of merely $60 today. Contrast this, with the dynamism of the stock market the same amount invested in the S&P 500 over the same period would have quintupled to an impressive $470.Yet, the landscape of stock ownership reveals a stark imbalance. The wealthiest 10% in the US control an overwhelming 93% of stocks, illustrating a deep-seated inequality in financial opportunity and access. This inequality is magnified when looking at sectors like private equity and private credit, where doors often remain closed to everyday investors. Enter Tokenization, the Great EqualizerWhile a distinctly counter-culture ethos characterized the early days of blockchain, it wasn’t long before traditional financial institutions sought to leverage this technology to improve existing financial pipelines. Thus began the race to tokenize the world and empower traditional assets like stock, bonds, and real estate with the benefits of blockchain, such as 24/7/365 trading, fractional ownership, transparency, and programmability.“The most important first step is to get in there and start to engage in the ecosystem”—Sandy Kaul of @FTI_Global.How banks and asset managers can get started with tokenization ⬇️ pic.twitter.com/kG2MdNrUdv— Chainlink (@chainlink) April 17, 2024Yet, perhaps the greatest advantage of the tokenization of traditional asset classes is the ability to encourage retail participation. Take the Republic Note, for example, a digital asset representing the Republic’s private equity portfolio of over 600 companies, including SpaceX, Maven, and Gumroad. All retail investors have to do to gain exposure to the portfolio is sign up for INX.One, the trading platform where the Republic Note trades 24/7/365. Such a privilege was unthinkable in the pre-tokenization era.The Tokenization Market Is HugeThe total addressable market for tokenization is huge, with hundreds of trillions of dollars worth of real-world assets waiting to come on chain. According to Boston Consulting Group, the tokenized asset market is projected to grow to a staggering $16 trillion by 2030. We are still in the early stages of this transformation, with only about 0.03% of the total market size currently captured. At this low level of market penetration, a golden opportunity presents itself to innovative asset managers, institutions, and investors who wish to position themselves on the cusp of a new financial era. #HSBC to Expand Tokenized Asset Offerings — CEO Says He's 'Very Comfortable' With #Tokenization https://t.co/mjFwfPN7Fw— Bitcoin.com News (@BTCTN) April 16, 2024However, navigating this evolving landscape is not without its challenges. Regulatory frameworks vary significantly across the globe, creating a complex mosaic of compliance requirements for asset managers and investors. This inconsistency in regulations poses a considerable hurdle, as entities must adapt and comply with diverse legal standards in different jurisdictions. Despite these challenges, the opportunity presented in the tokenization of real-world assets is too significant to ignore. Innovative asset managers, institutions, and investors looking to capitalize on this shift should collaborate with tokenization leaders to capitalize on this rare chance to be at the forefront of a financial revolution. Towards a Holistic Tokenized FutureTokenzied real-world assets are not growing in a vacuum. Indeed, no single type of digital asset will monopolize this new financial dawn. Rather, the true power of digital assets is unleashed when different forms of digital assets interface with one another. “The Bank for International Settlements (BIS) has teamed up with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom, and the United States Federal Reserve Banks to explore asset tokenization.”https://t.co/IfCuWBVWAt— Securitize (@Securitize) April 17, 2024Cryptocurrencies like Bitcoin, tokenized real-world assets, and Central Bank Digital Currencies (CBDCs) emerge as the foundational pillars of this modernized financial landscape. Each serves a unique role and can empower its peers to reach further than they can on their own. For example, enabling investors to purchase stocks, bonds, and real estate with crypto opens up entirely new investment avenues for crypto investors to diversify their holdings. The coexistence is a testament to the fact that financial inclusivity and progress don't demand the dominance of one over the others, but thrive on their mutual support and integration. As we move forward, this triad of digital assets is poised to redefine not just investment and currency, but the very fabric of economic interaction and empowerment. This article was written by Itai Avneri at www.financemagnates.com.

Binance Receives Full Operational Approval for Crypto Services in Dubai

Apr 18, 2024 | 02:52 am

Binance has announced that it has received a full virtual-asset services provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This development follows almost a year after Binance entered the third stage of Dubai's four-stage regulatory process.Binance's Dubai Unit Expands ServicesAccording to a VARA filing, Binance's local unit, Binance FZE, secured an Operational MVP license in mid-2023. This initial license enabled the exchange to cater to institutional and qualified investors, offering broker-dealer services as well as virtual-asset derivatives trading.Binance FZE's General Manager, Alex Chehade, emphasized the significance of the full VASP license, stating that it "underlines Dubai's position as a forward-thinking city, acknowledging and embracing the financial potential that blockchain technology brings.""As we secure the esteemed full market VASP Licence, it notably amplifies our unwavering commitment to advancing the financial landscape through compliance and innovation," the CEO, Richard Teng, said in a statement. "This achievement embodies our dedication to transparency, regulatory compliance, and responsible growth in the dynamic digital assets domain."Binance CEO Richard Tang tells @VonnieQuinn the digital-asset exchange has received its long-sought full crypto license in Dubai https://t.co/eOXTsmr2NV pic.twitter.com/5ShdRw0Hag— Bloomberg (@business) April 18, 2024Reports indicate that one condition attached to the license required Binance's Co-Founder and former CEO, Changpeng "CZ" Zhao, to relinquish voting control within the local unit. CZ currently awaits sentencing in the United States after settling charges with the Department of Justice in November. His sentencing is scheduled for April 30.#Binance is proud to have received a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA).This milestone allows us to extend our services to the retail market alongside qualified and institutional investors.Read more ⤵️— Binance (@binance) April 18, 2024Binance Implements Governance Structure with Seven-Member BoardBinance Holdings has established a seven-member Board of Directors after nearly seven years since its inception, as reported by Finance Magnates. Gabriel Abed, the former Ambassador of Barbados to the UAE, assumes the role of Chair. The Board comprises key figures including the CEO, Teng, the Co-Founder, Heina Chen, Xin Wang of Bayview Acquisition Corp, Arnaud Ventura of Gojo & Company, and the former Binance employees, Lilai Wang and Jinkai. This move, spearheaded by Teng, marks a step for Binance towards accountability, following leadership changes prompted by legal challenges. This article was written by Tareq Sikder at www.financemagnates.com.

Binance Mulls Re-Entering India by Paying $2 Million Fine: Report

Apr 18, 2024 | 01:36 am

Binance is considering re-entering the Indian market after paying a $2 million penalty to local authorities, according to a report from The Economic Times published today (Thursday). The cryptocurrency exchange was ousted from the country last January for failing to comply with local laws.India: A Lucrative Market for Crypto ExchangesThe report emerged just a month after KuCoin, a Seychelles-based cryptocurrency exchange, announced its compliance with Indian regulations. Binance, KuCoin, and seven other global cryptocurrency exchanges were blocked by India’s Financial Intelligence Unit for violating local anti-money laundering laws.Following the order of the Indian authority, the mobile apps of these cryptocurrency exchanges were removed from Google’s Play Store and Apple’s App Store. The domains of their websites were also blocked in the country.Although there is no official confirmation, the local publication cited two anonymous sources regarding the exchange’s planned re-entry into the country.“[It is] unfortunate that it took [Binance] more than two years to realise there is no room for negotiations, and [that] no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities,” an anonymous source told the publication.Binance’s India StrategyBinance is the largest cryptocurrency exchange globally in terms of asset holdings and trading volume. It also dominated the Indian markets when it was operational there. Although there were several local crypto exchanges operating in India, Binance had an advantage due to its vast liquidity pool.India is a massive country with a population of over 1.4 billion. According to a report by the local crypto exchange CoinSwitch, the country has over 19 million cryptocurrency investors, of whom nearly nine percent are women. Further, about 75 percent of cryptocurrency investors in India are aged between 18 and 35.Despite the popularity of cryptocurrencies, the Indian government’s stance towards digital currencies has remained cautious. Currently, all crypto exchanges are required to deduct a 1 percent tax at source for all executed crypto transactions. Hpwever, OKX which was not named in the Indian authorities' banned list, which also exited the country earlier this year, citing harsh local regulations. This article was written by Arnab Shome at www.financemagnates.com.

BlockFills Partners with Centroid Solutions for 24/7 Digital Asset Liquidity

Apr 18, 2024 | 01:16 am

BlockFills, the provider of digital asset trading technology and liquidity solutions, has announced a strategic integration with Centroid Solutions' institutional-grade connectivity platform, Centroid Bridge. This collaboration aims to provide brokers and institutional clients with a centralized environment for price management, execution, comprehensive reporting, and BlockFills' round-the-clock digital asset liquidity access.BlockFills Partners with Centroid Solutions to Enhance Digital Asset TradingThe integration of BlockFills' liquidity offering with Centroid Bridge addresses the needs of brokerages by directly connecting these services to clients' trading platforms. Their partnership eliminates the requirement for multiple verticals to conduct operations, providing a cost-effective and efficient solution for clients who prefer to connect through a bridge platform."Our clients now have access to a panoramic ecosystem that supports their business evolution swiftly and without restrictions or added processing fees,” Nick Hammer, the CEO of BlockFills, commented. “The integration dispenses universal connectivity and execution, as well as 24/7 access to BlockFills' liquidity."BlockFills is fully integrated with Centroid Bridge to provide 24/7 digital asset liquidityBlockFills announced a full integration with Centroid Solutions' Centroid Bridge, providing 24/7 digital asset liquidity.— DexBot (@dexbot) April 18, 2024BlockFills' liquidity provision benefits a diverse clientele, including OTC desks, exchanges, payments firms, proprietary trading firms, and brokerages. The company's multi-asset technology platform addresses liquidity fragmentation issues in the marketplace, providing solutions for institutions in the digital spot, derivatives, and credit markets.Centroid Solutions' CEO, Cristian Vlasceanu, noted that the collaboration enables their clients to gain access to a wide range of digital assets with deep liquidity, unlocking new opportunities in the digital asset space.“Centroid Solutions takes a leap forward into the crypto market with the integration of BlockFills as a new cryptocurrency liquidity provider,” he added.Over the past few years, BlockFills has raised a considerable amount of capital from institutional investors, including a funding round in 2021 in which CME Group participated. Then, in 2022, the company secured an additional $37 million in a Series A funding round, accumulating a total of $44 million since its inception in 2018.Centroid's Recent Strategic PartnershipsThe collaboration with BlockFills is just one of the latest partnerships announced by Centroid Solutions.Two months ago, Finalto Asia bolstered its presence in the Asia-Pacific region by partnering with Centroid Solutions. By leveraging Centroid's Bridge Connectivity Engine and Finalto's liquidity services, this alliance aims to deliver innovative and client-centric solutions that elevate the trading experience for Finalto Asia's clients.Centroid Solutions further expanded its offerings to multi-asset brokers through a partnership with TransactCloud towards the end of last year. This collaboration provides round-the-clock operational support and system interoperability services, significantly enhancing Centroid Solutions' capabilities.In October, Centroid Solutions announced a partnership with Skale, a CRM provider, that is pre-integrated with leading trading platforms, payment service providers, KYC tools, and business intelligence tools in the FX market. This article was written by Damian Chmiel at www.financemagnates.com.

Coinbold Partners with Solak GPT to Shape the AI-Driven Future of Web 3

Apr 17, 2024 | 20:27 pm

[Hanoi/Vietnam] – April 18, 2024 – Coinbold, a crypto news website and investor in transformative blockchain technologies, today announced a strategic partnership with Solak GPT. This collaboration aims to accelerate the development of Web 3.0 through the integration of powerful AI tools within Solak’s groundbreaking decentralized ecosystem. Solak GPT stands at the forefront of innovation ... Read more

From $1 Trillion to $2.5 Trillion: Cryptos Boom in Six Months on Institutional Backing

Apr 17, 2024 | 15:00 pm

The cryptocurrency market surged in value from $1 trillion to $2.5 trillion from October 2023 to March 2024. This boost was driven by institutional interest and venture capital funding in the sector. Bybit and Treehouse Finance recently highlighted these findings in a report dubbed the "2024 Institutional Industry Report." The study covered derivatives, challenger chains, and the resurgence of venture capital.Optimism in the Derivatives MarketAccording to the report, there is a positive sentiment in the derivatives market. Bitcoin (BTC) and Ethereum (ETH) exhibited a notable call premium despite the relatively sideways price movement in March, suggesting a bullish sentiment among investors. This outlook hints at the potential for significant price appreciation for these leading cryptocurrencies by the end of the year. BTC's status as a hedge against traditional finance remains robust, with its correlations to major equity indices below 3%.Noteworthy, BTC's negative correlation with equity returns strengthens its role as a diversification tool for equity-focused portfolios. Besides that, challenger chains have garnered renewed interest since Q4 2023, with native tokens outperforming ETH. In particular, Solana is leading the charge, showcasing substantial growth in total value locked and transaction volume. This trend underscores the growing competitiveness in the blockchain ecosystem.Additionally, venture capital funding in the crypto industry has experienced a remarkable resurgence, with deals reaching new highs in Q1 2024. Notable sectors attracting capital, include hardware wallets, blockchain data providers, and gaming projects. This trend signals the diversity in the investment landscape.Crypto Adoption As BTC approaches its fourth halving event, there is speculation about its potential impact on market dynamics. Historical precedents suggest that halving events often coincide with significant price surges. This event marks a pivotal moment for both opportunities and challenges in the crypto space, with institutional interest on the rise and regulatory landscapes evolving.Besides that, Bybit's report highlighted the status of the adoption of digital assets globally. The epicenter of crypto adoption has shifted towards Central and Southeast Asia, with countries like India leading the charge. Grassroots adoption is evident across diverse regions, highlighting the global reach and impact of cryptocurrencies. Despite fluctuations in adoption rates, countries worldwide are experiencing a resilient recovery, underscoring the enduring appeal and potential of crypto in varied economic landscapes. This article was written by Jared Kirui at www.financemagnates.com.

Bitcoin Halving Countdown: Why It May Not Guarantee Price Surge

Apr 17, 2024 | 10:35 am

The Bitcoin halving, an important event written into the cryptocurrency's code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given the recent developments, such as the approval of spot Bitcoin ETFs and improved crypto regulations. Understanding Bitcoin HalvingThe 2024 halving is expected to have an impact throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased crypto transactions, trading volume, investment, and speculation in the sector, Finance Magnates reported. According to the countdown by Binance, the Bitcoin halving event will occur in the next two days. Following the halving, miners often experience a significant reduction in revenue. Additionally, the reduction in selling pressure can contribute to increased trading volume and price volatility in the market. Goldman Sachs recently cautioned investors against associating Bitcoin halving with price surges, Coindesk reported. This is because continued price gains rely on strong inflows into spot ETFs and not just the halving.While previous halvings have been followed by price appreciations, Goldman has pointed out that various macroeconomic factors play a significant role. The firm highlighted that the time taken to reach peak values in the past significantly varied. Additionally, the macroeconomic environment during past halvings differed from the current landscape, marked by high inflation and interest rates.Bitcoin ETFs and Market DynamicsSimilarly, Goldman emphasized in a report by Bloomberg the importance of considering other factors, such as the adoption of spot ETFs, in driving Bitcoin's price. The recent rally in BTC prices, fueled by inflows into U.S.-based spot ETFs, indicates that a significant portion of post-halving expectations may have already been priced in.Fred Thiel, the CEO of Marathon Digital Holdings Inc., echoed Goldman's sentiment, suggesting that the success of ETF approvals has accelerated price appreciation typically observed after halvings. However, Thiel acknowledged the potential impact of the halving on Bitcoin's supply dynamics and emphasized miners' optimism towards the event.With #BitcoinHalving just a few hours away, we can expect a volatile market. Best strategy is to either DCA into your favourite coins or just don't touch your bags at all. Things will settle in a couple of days & after some side way action, we will start moving up, especially the… pic.twitter.com/46YEXP57N8— Cryptonic Bull (@Cryptonic_Bull) April 17, 2024Bitcoin CashRecently, Bitcoin Cash (BCH) experienced its own halving. After the event, the cryptocurrency forked from Bitcoin and dropped 15%. According to Coindesk, this has prompted crypto traders to reassess their expectations of an immediate price surge in Bitcoin post-halving.Bitcoin Cash, created in 2017, has historically been viewed as a measure of Bitcoin's market sentiment. Its recent rally, followed by a sharp decline post-halving, conveys caution regarding Bitcoin's upcoming halving.The decline in the price of Bitcoin Cash was accompanied by the collapse in open interest for BCH futures. This trend indicates a shift in market dynamics. Additionally, negative funding rates across major exchanges reportedly underscore a potential unwinding of bullish sentiment. Insights from Analysts and ExpertsThe investment banking giant JPMorgan anticipates a sell-off price of $42,000 once the halving hype subsides. The impending reduction in miners' rewards of 50% could lead to increased selling pressure, potentially impacting Bitcoin's price trajectory in the coming months.Meanwhile, the Grayscale spot Bitcoin ETF (GBTC) recently experienced a significant decline in holdings. According to a report by Cointelegraph, the fund dropped by half from its trading debut in January to 309,871 BTC as of April 16, 2024. Since its inception, GBTC has faced a massive sell-off, significantly impacting Bitcoin prices. The reason attributed to this outflow is the high trading fees, with GBTC initially having the highest fees among US spot Bitcoin ETFs, set at 1.5%. This discrepancy in fees has prompted other ETFs to lower their fees, ranging between 0.2% and 0.4%. In contrast, BlackRock's IBIT offered a competitive fee of 0.25% at launch. Thus, IBIT has experienced an extraordinary surge, increasing holdings by over 10,000% since its debut. Despite the lack of direct correlation, the surge has added to the significant Bitcoin-related events.Bitcoin ETF LandscapeOverall, the collective holdings of the ten spot Bitcoin ETFs approved in the US reached approximately 862,162 BTC, valued at $54.7 billion as of April 16, 2024. While the decline of GBTC and the surge of IBIT dominate headlines, other ETF providers have accumulated significant holdings, contributing to the dynamic landscape of Bitcoin investments.Meanwhile, Bitcoin mining profitability has experienced a significant downturn of 75% over the past three years. According to Stocklytics.com, profitability dropped from March 2021 to March 2024.This trend is attributed to various factors, including the rising costs associated with mining operations and the impact of halving events on miners' rewards. The metric used to measure Bitcoin mining profitability is the hash price, denoted in dollars per terrahash (USD/TH). This metric has been influenced by several factors, including the price of Bitcoin, transaction fees, network complexity, and block subsidies. Despite Bitcoin's price surges in the past, mining profitability has been on a steady decline, with diminishing returns becoming increasingly evident. Bitcoin mining operations face numerous challenges that impact profitability. Energy consumption is a significant concern, with the process consuming vast amounts of electricity annually. This article was written by Jared Kirui at www.financemagnates.com.

Kraken Steps Up the Game with the Introduction of Crypto Wallet

Apr 17, 2024 | 08:25 am

The recent introduction of Kraken Wallet has marked an advancement in cryptocurrency adoption. This self-custodial wallet is engineered to streamline on-chain transactions. Kraken Wallet emphasizes simplicity, security, and functionality, with the overarching goal of broadening accessibility to decentralized finance.Access to Decentralized Finance: Wallet's User-Centric DesignRegardless of whether individuals are Kraken clients or not, the multichain Kraken Wallet serves as a conduit to the decentralized financial ecosystem. Emphasizing privacy and security, it enables users to maintain custody of their digital assets and data, underpinned by Kraken’s security protocols.With an intuitive user experience, Kraken Wallet eliminates the need for complex network switching or the management of multiple seed phrases. Key features include comprehensive portfolio tracking, support for multiple blockchains, WalletConnect integration for access to decentralized applications, and round-the-clock customer support.Meet the brand new Kraken Wallet: simple, secure, powerful.🗝️ Manage multiple wallets🌐 Multi-chain support📊 Manage NFTs & DeFi positions🔒 IP privacy & Encryption📖 No client side trackingDownload now ⤵️https://t.co/EYHweJGDzV pic.twitter.com/jLbldh9j6k— Kraken Exchange (@krakenfx) April 17, 2024The Wallet collects only essential data necessary for its operation. User activity is routed through Kraken’s infrastructure to safeguard IP addresses and shield personal information from external exposure. The wallet does not retain any user sign-in details, email addresses, or KYC information.EXCLUSIVE: Crypto exchange @krakenfx is releasing their own self-custody wallet, Kraken Wallet, to compete in the crypto wallet space with offerings like @coinbase wallet and @MetaMask - @cryptauxmargaux reportshttps://t.co/PTGFT8lxQh— CoinDesk (@CoinDesk) April 17, 2024Entering the Crypto Wallet Market in Alignment with CompetitorsThe security of Kraken Wallet is fortified through various layers of protection, including biometric authentication and encrypted user passwords. To ensure security measures, the wallet underwent a security audit conducted by Trail of Bits, known for its expertise in cybersecurity.The launch of Kraken's new wallet brings it into alignment with competitors like MetaMask, Ledger, and Trezor within the bustling landscape of cryptocurrency wallets. While Coinbase's offering holds sway with its widespread popularity, competitors like Binance and OKX cater to users with their own wallet solutions. This article was written by Tareq Sikder at www.financemagnates.com.

FMA Cracks Down on These Two Companies amid Fraud Concerns in New Zealand

Apr 17, 2024 | 00:12 am

The Financial Markets Authority (FMA) of New Zealand has been actively combating fraudulent activity and scams in the country's financial markets. In a series of recent actions, the regulator has taken steps to protect consumers and maintain market integrity by cancelling one crowdfunding services license and issuing a warning against a cryptocurrency company.FMA Cracks Down on Fraudulent Activity and ScamsAccording to the update on Wednesday, the FMA cancelled the crowdfunding services license of Equitise Pty Ltd, an equity crowdfunding service provider licensed since 2014. The cancellation followed Equitise's significant breach of certain market services licensee obligations and its failure to meet statutory requirements.The company failed to provide its financial reporting and agreed upon procedures reporting, and was deregistered from the Financial Service Providers Register (FSPR) for failing to file its annual confirmation within the required timeframe."Cancelling a provider's licence is one of the strongest regulatory actions we can take and is not a decision the FMA takes lightly,” Peter Taylor, the FMA Director of Specialist Supervision and Response, stated, emphasizing the severity of the action. “Financial service providers must make sure they are able to meet the legislative requirements and act lawfully. The rules are there to protect consumers and to ensure market integrity."In another warning, the FMA cautioned investors about AxonExchange, a suspected cryptocurrency exchange scam. The platform claims to be based in New Zealand but is not an incorporated company in the country and is not authorized or registered on the FSPR to provide financial services.The FMA is concerned that AxonExchange is operating a scam, prompted by an investor's complaint of difficulty withdrawing funds from the platform.Rising Number of Impostors in New ZealandThe regulatory authority in New Zealand has raised concerns about an increase in impostor-related scams, particularly highlighting the rise in fake product disclosure statement frauds. In 2023, there were 82 warnings issued regarding suspected investment scams and impostor websites, as well as 22 warnings concerning unregistered businesses. This marks a significant uptick in efforts to alert the public about these deceptive practices.Additionally, the FMA has reported an emerging trend where scammers impersonate another regulatory body, specifically the UK’s Financial Conduct Authority. These scammers send emails to New Zealand residents claiming they can assist in recovering funds lost in previous scams. According to a report published by the FMA at the end of last year, while the total number of crime warnings decreased to 89 in 2023 from 111 the previous year, there was a noteworthy increase in the number of impostors and imposter websites. The report noted 29 such cases in 2023, a significant rise from previous years when similar cases were isolated and not statistically relevant. This article was written by Damian Chmiel at www.financemagnates.com.

Bitcoin Nears Depletion: Only Nine Months' Supply Ahead of Halving

Apr 16, 2024 | 07:22 am

Cryptocurrency exchanges have only nine months' supply of Bitcoin at current prices, with three days left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million Bitcoins remaining and a daily inflow of $500 million to spot Bitcoin ETFs, approximately 7,142 Bitcoins will exit exchange reserves daily. Bitcoin Supply Hits Unprecedented ScarcityThe much-anticipated halving event, which reduces the supply of Bitcoins by 50%, is expected to make the digital asset more scarce. Bybit highlighted the rapid reduction of Bitcoin reserves across centralized exchanges post-halving. This trend indicates that it will take about nine months to exhaust all remaining reserves. Ben Joe, the Co-Founder and CEO of Bybit, mentioned: "Each Bitcoin halving sharpens the narrative of Bitcoin as not just a currency, but a scarce digital asset, akin to digital gold. This upcoming halving in 2024 will thrust Bitcoin into an era of unprecedented scarcity, making it twice as rare as gold."The report differentiated between Bitcoin and gold, emphasizing Bitcoin's increasing rarity post-halving. The Stock-to-Flow (S2F) ratio, a measure of scarcity, is projected to double from 56 to 112 after the upcoming halving, surpassing gold's S2F ratio of 60. Institutional Adoption of BitcoinThis comparison solidifies Bitcoin's status as a scarce digital asset, positioning it as a viable alternative to traditional safe havens like gold. Additionally, Bybit highlighted the adoption of Bitcoin by institutional investors following the recent approval of spot Bitcoin ETFs in the US. This trend indicates that institutions have recognized the importance of the digital asset as a safe investment option. This has led to heightened investment activity ahead of the halving. The correlation between Bitcoin and other cryptocurrencies remains strong, further boosting Bitcoin's reputation.Bitcoin's deflationary model is based on the halving event, which occurs roughly every four years, Finance Magnates recently reported. This mechanism halves the block reward, limiting the supply of the leading digital asset. As the upcoming halving approaches, reducing the block reward from 6.25 Bitcoins to 3.125 Bitcoins, historical trends suggest a potential surge in the price of Bitcoin.Additionally, analysts anticipate a modest decrease in Bitcoin mining hashrate after the halving, attributed to current high profitability and efficient mining equipment adoption. Despite short-term dips, the resilience of the mining industry is expected to drive a swift rebound.Meanwhile, the renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, recently expressed optimism about Bitcoin reaching $100,000 by September due to concerns over global economic instability and debt issues. While market analysts project a potential surge in Bitcoin, concerns linger about selling pressure and potential price slumps during the halving period. This article was written by Jared Kirui at www.financemagnates.com.

Another Extension: CySEC Suspends FTX EU’s License until September

Apr 16, 2024 | 01:48 am

The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange.The Suspension of FTX’s EU LicenseAnnounced today (Tuesday), the latest license suspension will last until 30 September 2024. The license of the EU unit of FTX was originally suspended in November 2022. Since then, the regulator has extended the suspension multiple times.The European entity of FTX initially gained approval from the Cyprus regulator last March and obtained full authorization as a CIF in September. Though the Cypriot license did not allow the exchange to offer crypto directly, it could provide derivative products. Additionally, the license was essential as the exchange can passport it to provide services within the entire European Economic Area.Although FTX EU is already undergoing bankruptcy proceedings, the Cypriot regulatory notice highlighted that, as long as the license is suspended, the exchange cannot “provide/carry out investment services/activities, enter into any business transaction with any person, and accept any new client; nor advertise itself as a provider of investment services.”Fall of a Crypto EmpireFTX and over a hundred of its affiliates filed for bankruptcy in November 2022 in the United States, days after the shady business practices of its former CEO, Sam Bankman-Fried, surfaced. Bankman-Fried, once recognized as a crypto billionaire, was convicted of multiple criminal charges and has been sentenced to jail for 25 years. Last week, the lawyers of Bankman-Fried appealed against the sentencing and conviction.Multiple other top bosses of FTX and its affiliate, Alameda Research, pleaded guilty to civil and criminal charges and are now awaiting sentencing. All of them testified against Bankman-Fried in the trial.Meanwhile, two US senators, Elizabeth Warren and Chuck Grassley, recently demanded a full accounting of the interactions between the Chairman of the CFTC, Rostin Behnam, and Bankman-Fried, concerning the nature of their relationship before the collapse of the crypto exchange. This article was written by Arnab Shome at www.financemagnates.com.

Senators Grill CFTC Boss on Sketchy Links to FTX’s Fallen Star Sam Bankman-Fried

Apr 16, 2024 | 00:28 am

Senators Elizabeth Warren and Chuck Grassley demand a full accounting of the interactions between the Commodity Futures Trading Commission's (CFTC) Chairman, Rostin Behnam, and Sam Bankman-Fried (SBF), the convicted founder of the now-defunct cryptocurrency exchange FTX. Commentators wonder if this will allow the public to discover what might have happened between the regulator and SBF just before the exchange's collapse.Senators Demand Answers from CFTC's Chair on Ties to Disgraced FTX's FounderIn a letter sent to Behnam on Monday, the senators expressed concern about the nature of the relationship between CFTC's Chair and Bankman-Fried in the months leading up to FTX's implosion in November 2022. The lawmakers are seeking records of all meetings, phone calls, and correspondence between the two parties by 29 April."Safeguarding the savings and retirements of Americans requires Congress and market regulators like the CFTC to determine how this multi-billion-dollar crime was allowed to happen," Warren and Grassley wrote in the letter.Behnam previously testified before the Senate Agriculture Committee that he and his team met with Bankman-Fried and other FTX executives roughly 10 times in the 14 months before the exchange's bankruptcy. He also disclosed exchanging "a number of messages" with the CEO.Are we about to get hidden info on what happened between the government and #FTX before the collapse? Senators Elizabeth Warren and Charles Grassley wrote a letter to the chairman of the CFTC, Rostin Behnam, regarding his interactions with #SBF before the FTX collapse They… pic.twitter.com/k9hsXW4N7d— The O Show (Wendyo.eth) (@The_O_Show_) April 16, 2024The senators' request comes on the heels of Bankman-Fried's sentencing last month to 25 years in prison for orchestrating massive fraud that led to the loss of billions in customer funds. Last week, he appealed his conviction.Despite the severity of the punishment, Warren and Grassley emphasized that victims "will never be made whole financially.”“Mr. Bankman-Fried was sentenced last month to 25 years in prison for stealing $8 billion dollars from users of the cryptocurrency exchange FTX. This punishment, while appropriate, provided cold comfort for his victims,” the senators added.Warren Is Active in the Crypto FieldThe letter marks the latest in a series of inquiries spearheaded by Senator Warren in the wake of FTX's collapse. In November 2022, she and Senator Sheldon Whitehouse urged the Department of Justice to hold Bankman-Fried and complicit executives personally accountable for wrongdoing.Warren also sent letters to Silvergate Bank and to Bankman-Fried himself, seeking answers about their roles in the misappropriation of customer funds.Senator Warren's position on cryptocurrencies has been well-known and consistent for years. In 2021, she described digital assets as "highly opaque and volatile," and in 2023, she made headlines with her proposal for the Digital Asset Anti-Money Laundering Act.Finance Magnates contacted the CFTC press office for comment on the matter, but the Commission did not respond at the time of publication. This article was written by Damian Chmiel at www.financemagnates.com.

Coinbold Announces Strategic Investment in Mars4 – MARS BATTLE

Apr 13, 2024 | 02:33 am

Coinbold, a leading investment firm in the cryptocurrency space, has announced its strategic investment in Mars4 – MARS BATTLE, a groundbreaking virtual reality gaming platform. Mars4 – MARS BATTLE, developed by the innovative team at Mars4, is an immersive gaming experience that allows players to explore the planet Mars through virtual reality technology. Players will ... Read more

Dubai Web3 Investment Conclave (DWIC) 2024 Announces Inaugural Edition, Driving Innovation and Sustainability in the Blockchain Ecosystem

Apr 8, 2024 | 01:12 am

Dubai, UAE – 06th April 2024 – The Dubai Web3 Investment Conclave (DWIC), organized by Giakaa Capital with co-host Leo Ventures, is set to become the premier gathering for the global Web3 community. Taking place from April 15th to 21st, 2024, at the DIFC Innovation Hub, this transformative event will explore the frontiers of Web3 ... Read more

What is Saga (SAGA)?

Apr 4, 2024 | 00:46 am

Saga is a protocol that provides blockchain development services for decentralized applications. Let’s dive right in and learn more in this article! What is Saga (SAGA)? Saga Protocol is a venture that offers blockchain construction services for applications. Essentially, Saga functions as a blockchain platform designed to introduce additional blockchains, known as “Chainlets,” within the ... Read more

What is Ethena Labs (ENA)?

Apr 2, 2024 | 00:49 am

Ethena is a project developed to address the issues of existing stablecoins in the cryptocurrency market. What is Ethena (ENA)? Ethena is a cutting-edge decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to generate synthetic dollars, which are digital assets that maintain price parity with the US dollar (USDe). The ENA ... Read more

How to add Metis to MetaMask: Metis Andromeda (Mainnet)

Apr 1, 2024 | 09:24 am

This is a detailed guide to adding the Metis network to a MetaMask Web3 wallet.

What is Mystiko.Network?

Mar 31, 2024 | 01:29 am

Maintaining confidentiality has consistently been a major issue, particularly in the cryptocurrency sector where all transactions are recorded on the blockchain and available to the public. As a result, developers have made it a priority to create projects that enhance privacy for users, making it harder to trace their on-chain actions. One of the projects ... Read more

The April Next Bitcoin Halving 2024: What’s Different and What to Expect for the Crypto Market

Mar 30, 2024 | 03:20 am

Get ready for the next Bitcoin (BTC) halving in April 2024; it could send shockwaves through the cryptocurrency market. Here’s everything you need to know about this important event, including what it means and how you might capitalize on potential shifts. What are Halvings? Bitcoin halving is a programmed event where the reward for bitcoin ... Read more

How to Add Core to MetaMask

Mar 25, 2024 | 20:33 pm

In this guide, we outline the safest and easiest way to add Core DAO to your MetaMask Wallet. Get started with the verified RPC and Chain ID to use the Bitcoin EVM chain.

How to Add NEO to MetaMask

Mar 25, 2024 | 08:02 am

In this guide, we outline whether you can add the NEO Layer 1 blockchain to your MetaMask Wallet. Get started quickly with the verified Chain ID and RPC details.

How to Add Shardeum to MetaMask

Mar 25, 2024 | 01:51 am

A safe and simple guide to adding Shardeum to your MetaMask Wallet to test the network and earn airdrop eligibility.

Protected: Folks Finance

Mar 22, 2024 | 04:53 am

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Blockchain Expo North America Returns to Connect Blockchain, Crypto, NFT and Web3 Ecosystems

Mar 10, 2024 | 23:58 pm

Blockchain Expo North America returns for its 8th year, taking place on June 5-6 2024 at the Santa Clara Convention Center in California. The event and conference is tailor-made for the ambitious blockchain enthusiast who is looking to learn the latest advancements and innovations within blockchain, crypto, NFTs, web3 and more. Building upon the success ... Read more

Blockchain Life Forum 2024 in Dubai: find out how to make the most of the current Bull Run

Mar 8, 2024 | 04:25 am

The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience. This time the central topic of the forum will be making money on Bull Run, ... Read more

Singapore Traders Fair and Blockchain Fest: A Day of Triumph and Innovation!

Mar 8, 2024 | 04:14 am

Singapore, March 5, 2024 – A day of triumph unfolded at Marina Bay Sands on March 2nd as two eagerly awaited events, the Singapore Traders Fair and the Blockchain Festival Asia 2024, jointly organised by global fintech event leader FINEXPO, concluded with resounding success. Welcoming a staggering total of over 2,500 attendees, this dynamic convergence ... Read more

DePIN: Is it the Next Big Wave in Blockchain?

Feb 29, 2024 | 21:51 pm

DePIN, short for Decentralized Public Infrastructure Network, is a new blockchain platform designed to address the scalability, security, and privacy issues in decentralized applications (#Dapps ). #DePIN utilizes a unique architecture that combines sharding, sidechain, and #PoS consensus to achieve high performance, strong security, and seamless interoperability between dApps. Here are some of the key ... Read more

Blockchain Life Week in Dubai: we have never seen this before

Feb 27, 2024 | 22:22 pm

The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 ... Read more

Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland

Feb 26, 2024 | 22:19 pm

Next Block Expo, the Blockchain Festival of Europe, is gearing up for its return to Warsaw, Poland, on May 15-16, 2024. The event will be part of crypto week during which Poland’s capital will become the epicenter of crypto innovation in Europe. The organizers strive to present Poland’s burgeoning potential as the next big crypto ... Read more

Octavia Web3 Assistant Leverages AI for Improved Crypto Insights and Management

Feb 17, 2024 | 22:16 pm

A new Web3 project named Octavia is harnessing the power of artificial intelligence to simplify cryptocurrency research, portfolio management, and potentially streamline trading processes. Octavia distinguishes itself by providing users with access to advanced AI tools and on-chain data analysis. With an increasing number of decentralized applications and complex financial instruments emerging in the Web3 ... Read more

ERC-404: Could This New Token Standard Disrupt the NFT Market?

Feb 17, 2024 | 22:00 pm

Buckle up, crypto enthusiasts, because there’s a new kid on the blockchain that might just shake up the way we think about NFTs. It’s called ERC-404, and it’s aiming to bridge the gap between two of the most popular token types out there. Think of ERC-404 like a hybrid car – it seamlessly blends the ... Read more

What is ERC-404?

Feb 7, 2024 | 23:24 pm

ERC-404 is an experimental token standard introduced to the Ethereum ecosystem, expanding beyond the traditional ERC-20 and ERC-721 standards. This unofficial token standard on the Ethereum blockchain explores the concept of semi-fungible tokens, allowing for fractional ownership of assets like NFTs. The developer community within the Ethereum ecosystem is diving deep into ERC-404 projects, looking to ... Read more

How to Add Nibiru to MetaMask

Feb 1, 2024 | 20:19 pm

Can you Add Nibiru to MetaMask? Unfortunately, Nibiru and MetaMask are not compatible with each other directly because they operate on essentially different technologies. Nibiru utilizes its proprietary Inter-Blockchain Communication (IBC) protocol to function within the Cosmos ecosystem. It doesn’t work on the Ethereum Virtual Machine (EVM), which is MetaMask’s primary infrastructure. How to Add ... Read more

Dubai 2024 Welcomes the Pinnacle of Blockchain Innovation: The Global Blockchain Show

Jan 24, 2024 | 06:32 am

January 24, 2024. – Join the Global Blockchain Show 2024 in Dubai – an innovation hub showcasing pioneering blockchain technology and visionary experts, April 16-17. The Global Blockchain Show 2024 is set to take place in the magnificent city of Dubai, which is popular for its modern architecture and innovative approach. This event is a ... Read more

Coinbold Announces A Strategic Investment in Octavia

Jan 20, 2024 | 01:45 am

[Hanoi, January 20, 2024] – We are pleased to announce a strategic investment in Octavia, a prominent player in the blockchain and decentralized finance (DeFi) sector. This is not just a significant step but also a strategic partnership, marking the alignment between Coinbold and Octavia in shaping the future and development of the blockchain industry. ... Read more

Blockchain Life 2024 in Dubai – Waiting for ToTheMoon

Jan 18, 2024 | 18:19 pm

On April 15-16, the international forum Blockchain Life 2024 will bring together more than 8,000 crypto leaders and thousands of international companies at the main event of the year in Dubai. Official Trailer 2024: https://youtu.be/jSn8TWHV9Lg Buy a ticket: https://blockchain-life.com What to expect: On the 2 stages of the event attendees can anticipate market analysis and ... Read more

What is XFarm (XFA)? A worthy alternative to xPet

Jan 18, 2024 | 17:56 pm

XFarm is a GameFi platform built on the Arbitrum ecosystem, regarded as an upgrade to its predecessor in the same gaming niche, xPet, which has recently gained recognition and established its reputation. What is XFarm? XFarm is a GameFi platform developed on the Arbitrum ecosystem, incorporating a groundbreaking mechanism that combines farming with blockchain technology. ... Read more

Singapore Traders Fair and Blockchain Festival 2024: A Game-Changing Blend of Finance and Blockchain at Marina Bay Sands, Singapore

Jan 16, 2024 | 07:41 am

Singapore – Get ready for an extraordinary event that will reshape the worlds of finance and blockchain technology. On March 2nd, 2024, the renowned Marina Bay Sands Expo and Convention Centre will host the largest-ever Traders Fair and Blockchain Festival, organised by industry trailblazers FINEXPO. This isn’t just another event; it’s a major shift into ... Read more

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