Cryptocurrencies Today: News, Analysis, and Predictions ☀️

Ankr and Brevis coChain partner to enhance web3 networks with ZK

Apr 16, 2024 | 03:58 am

Ankr and Brevis coChain join hands to revolutionize Web3 with zero-knowledge technology. Brevis enables smart contracts to utilize blockchain data securely for innovative applications. Ankr’s RaaS platform enhances scalability and interoperability for decentralized services. Ankr, a leading player in the blockchain space, has teamed up with Brevis coChain to revolutionize Web3 networks. The collaboration marks […] The post Ankr and Brevis coChain partner to enhance web3 networks with ZK appeared first on CoinJournal.

Bitlayer launches first official NFT after Mainnet-V1 release

Apr 16, 2024 | 03:50 am

The Bitlayer-backed Mainnet V1 is imminent, and Bitlayer’s minting event will be formally inaugurated on May 4, 2024. Bitlayer has recently announced the official introduction of its non-fungible token to coincide with the Mainnet V1 launch. An incentive known as the Lucky Helmet is available to Bitlayer community members. Members of the Bitcoin and Bitlayer …

OKX launches ETH layer-2 network X Layer following Coinbase’s Base success

Apr 16, 2024 | 03:48 am

Crypto exchange OKX finally opened its Ethereum layer-2 network X Layer mainnet to the general public on April 15. The scaling solution’s testnet was launched in November 2023 to much acclaim and was built with Polygon’s Chain Development Kit (CDK). This toolkit empowers developers to construct their chains using zero-knowledge technology. OKX Chief Marketing Officer Haider Rafique […] The post OKX launches ETH layer-2 network X Layer following Coinbase’s Base success appeared first on CryptoSlate.

CoinEx sponsors Token 2049 Dubai as a testament to its commitment to fostering global crypto adoption

Apr 16, 2024 | 03:45 am

CoinEx, a leading global cryptocurrency exchange, is honored to announce its sponsorship as a Gold […]

Dogecoin Insider Notes: DOGE Prices Falls As New DOGE-Like Cryptocurrency Prepares For Launch

Apr 16, 2024 | 03:43 am

The post Dogecoin Insider Notes: DOGE Prices Falls As New DOGE-Like Cryptocurrency Prepares For Launch appeared first on Coinpedia Fintech News Dogecoin (DOGE) has recently experienced a notable decline in its market price. This downturn coincides with growing anticipation for the launch of a new DOGE-like cryptocurrency, Shiba Budz (BUDZ). This article delves into the current sentiment in the Dogecoin (DOGE) market, explores the potential impact of Shiba Budz (BUDZ) on Dogecoin’s (DOGE) standing, and shares …

Elevate your wealth: BRISE, BEFE, and CENX deliver maximum returns

Apr 16, 2024 | 03:40 am

Gaining wealth on cryptocurrency involves following certain principles that can increase one’s chances. These principles include a sound investment plan, risk management, understanding the fundamentals, etc. While every principle is essential, choosing the best project to invest in is one principle that determines more. This determines the possible returns an investor can make from the …

Bitcoin Price Analysis: BTC Price May Experience a Halving Crash, Causing a Drop of Over 20%

Apr 16, 2024 | 03:39 am

The post Bitcoin Price Analysis: BTC Price May Experience a Halving Crash, Causing a Drop of Over 20% appeared first on Coinpedia Fintech News The markets are experiencing acute selling pressure as global factors have been heavily impacting the cryptos as well as the traditional markets. This may have been the vital reason for the downfall, as Bitcoin prices continue to face extreme bearish action with fewer chances of a rebound. The price closed the previous day on a …

Elon Musk’s Latest Dogecoin Meme Prepares Price for Possible Surge – Can DOGE Hit $0.20?

Apr 16, 2024 | 03:32 am

Elon Musk’s latest humorous post on X may signal a potential surge in Dogecoin’s value. Musk’s influence, though waning, continues to impact Dogecoin’s market presence and potential applications. Dogecoin (DOGE), a prominent meme cryptocurrency, recently surged by over 4% following Elon Musk’s humorous post on his X page. Musk humorously portrayed mainstream media as Roman [...]

Ankr joins forces with Brevis coChain as Mainnet AVS Operator

Apr 16, 2024 | 03:30 am

Brevis coChain, the pioneer of zero-knowledge (ZK) coprocessing technology and smart contract execution speed up, has announced its partnership with EigenLayer on the first trading day with EigenLayer mainnet. This partnership is seen as a breakthrough in blockchain functions. This partnership enables smart contracts to perform computations on any blockchain historical data, including those stored …

BONK and FTM price predictions; investors expect exciting price discovery at RECQ token launch

Apr 16, 2024 | 03:30 am

The BONK token is predicted to drop further and trade below $0.0000200. The Fantom (FTM) price is predicted to rise above $1.10. Rebel Satoshi’s new token, $RECQ, has rallied by 85% from the Early Bird Stage price of $0.0020. The top crypto experts have made their predictions about the price of top crypto coins such […] The post BONK and FTM price predictions; investors expect exciting price discovery at RECQ token launch appeared first on CoinJournal.

Ethereum Fire Sale? Deep-Pocketed Investor Snags Nearly 24,000 ETH At Bargain Price

Apr 16, 2024 | 03:30 am

Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of [...] The post Ethereum Fire Sale? Deep-Pocketed Investor Snags Nearly 24,000 ETH At Bargain Price appeared first on Crypto Breaking News.

SHIB Community Burns Record 774M Tokens: How Will This Impact Shiba Coin Price?

Apr 16, 2024 | 03:18 am

The post SHIB Community Burns Record 774M Tokens: How Will This Impact Shiba Coin Price? appeared first on Coinpedia Fintech News Shiba Inu is all fired up – literally. Despite recent market turbulence, the Shiba Inu community’s dedication to burning tokens has surged, with a staggering 774 million SHIB tokens burnt in just one week—a nearly 200% increase from previous rates. This intensified burning activity reflects the community’s commitment to reducing token supply and potentially boosting …

Polygon Labs obtains an ISO/IEC 27001:2022 (ISO 27000) license

Apr 16, 2024 | 03:10 am

Polygon Labs has obtained the ISO/IEC 27001:2022 (ISO 27000) license, the external audit having been carried out by Schellman Compliance, an internationally known company. It speaks volumes regarding their commitment to world-standard information safety factors. The information security management system (ISMS), along with the linked audit and licensing of Polygon Labs, is guided toward their …

stc Bahrain and Aleph Zero Join Forces to Extend Blockchain DePIN Across the Gulf Region

Apr 16, 2024 | 03:09 am

With extensive knowledge in the field, stc Bahrain is partnering with Aleph Zero to utilize advanced solutions that will improve privacy, security, and decentralization in the digital realm. stc Bahrain, a leading digital enabler, has unveiled its collaboration with Aleph Zero, a Layer 1 blockchain that enhances privacy, as a component of its Web3 Launchpad […]

Bitcoin ETFs: Bloomberg Analyst Outlines US Market Supremacy Over Hong Kong

Apr 16, 2024 | 03:03 am

Amid the buzzing excitement following the approval of Bitcoin and Ethereum Spot Exchange-Traded Funds (ETFs) in Hong Kong, Bloomberg Intelligence analyst Eric Balchunas has made a post highlighting the explosive growth of the products in the United States. US Bitcoin ETFs Assets Surpasses Hong Kong’s According to Eric Balchunas, the combined asset pool held by […]

Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to exchanges

Apr 16, 2024 | 03:02 am

Quick Take Bitcoin has experienced a notable downturn in recent days. It is currently trading around $63,000, approximately 15% below its all-time high. The past five days have seen a 10% decline, causing concern among investors. Various factors, such as the US Consumer Price Index (CPI) surpassing expectations and escalating geopolitical tensions in the Middle […] The post Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to exchanges appeared first on CryptoSlate.

$MEDA Shows Strength for Price Surge at Token Launch While TIA and FIL Struggle to Break Price Resistance

Apr 16, 2024 | 03:00 am

Celestia (TIA) introduces Blobstream on Arbitrum Orbit for data validation but faces a future price decline to $8 by May 2024. Filecoin (FIL) drops to $8 from $11, down 37.5%. Despite the declines, technological advancements signal potential for future growth. Milei Moneda ($MEDA) attracts attention amid market declines, trading at $0.0125, with a presale promising [...]

Analyzing Solana’s Potential Decline to $137, Chainlink’s Emerging Rival Wins Over Whales

Apr 16, 2024 | 03:00 am

Solana (SOL) has faced scrutiny due to uncertainties surrounding its future price potential. Declining decentralized exchange (DEX) trades and bearish indicators like the Average Directional Index (ADX) suggest potential network limitations and transaction failures, hinting at a potential decline to $137. However, InQubeta (QUBE) has emerged as a noteworthy competitor to Chainlink’s (LINK) dominance. This [...]

Axvp Introduces Its Innovative Crypto Exchange Providing Security and Reliability

Apr 16, 2024 | 02:59 am

Axpv.com has emerged as a prominent cryptocurrency exchange platform. This platform offers cutting-edge technology that ensures the utmost security and dependability for cryptocurrency trading. Axpv.com provides a diverse selection of cryptocurrency assets for trading while prioritizing legality and regulation in this industry. Licenses and Regulators At Axpv.com, the availability of all necessary licenses for cryptocurrency trading is prioritized. […]

INJ 3.0 coming to Injective with Injective tokenomics upgrade

Apr 16, 2024 | 02:45 am

Injective recently announced the release of its upcoming upgrade, INJ 3.0. According to Injective’s official X account, INJ 3.0 will bring a massive upgrade to Injective tokenomics. After INJ 3.0, $INJ will become the most deflationary asset in the market. The latest proposal will directly decrease the INJ supply at a rapid pace. The injective …

HeLa Incentivized Testnet Launch Marks a New Innovation for Modular Blockchain Layer 1

Apr 16, 2024 | 02:45 am

HeLa Labs, the first modular Layer-1 blockchain powered by a fiat-backed stablecoin for real-world adoption, […]

Are The Top Meme Coins Going Back in Hibernation?

Apr 16, 2024 | 02:43 am

The post Are The Top Meme Coins Going Back in Hibernation? appeared first on Coinpedia Fintech News With the market-wide correction, many altcoin sectors are under correction. Amidst this, the meme coin sector is facing an immense rise in supply pressure as panic selling hits crypto. With the top meme coins under pressure, the price chart dynamics are shifting gears at a fast pace. As the declining rally triggers extended panic selling …

Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence

Apr 16, 2024 | 02:37 am

The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […]

Germany’s Largest Federal Bank To Roll Out Bitcoin, Ether Custody Services In 2024

Apr 16, 2024 | 02:35 am

Landesbank Baden-Württemberg (LBBW), Germany’s biggest state-backed lender, is set to launch crypto custody services in the second half of this year to meet increasing client demand.

Housebets Announces Transition to Housebets.com with the Launch of Web 3 Casino and Sportsbook

Apr 16, 2024 | 02:30 am

In an industry-defining move, Housebets is thrilled to announce its transition from Housebets.io to Housebets.com, […]

Bitcoin ATH likely after halving event, new BRC-20 project about to explode

Apr 16, 2024 | 02:25 am

The price of Bitcoin ($BTC) took another hit over the weekend and has once again fallen below the $70k mark. However, things are not all doom and gloom, as this may be a perfect time to buy $BTC before it hits a new all-time high. If historical trends hold up, Bitcoin could be out to …

All Eyes on Ripple vs SEC: Final Arguments to Determine XRP Price

Apr 16, 2024 | 02:24 am

The post All Eyes on Ripple vs SEC: Final Arguments to Determine XRP Price appeared first on Coinpedia Fintech News The XRP price, Ripple’s token, is at a crossroads, hovering around the $0.50 mark. The reason? Ripple’s final tango with the Securities and Exchange Commission (SEC) before their trial. This meeting’s outcome could shake XRP’s price, with hopes for a quick settlement. But with uncertainty looming over how the SEC will react to the judge’s …

LBank Unveils Its Weekly Listing Report, 15th April 2024

Apr 16, 2024 | 02:20 am

Road town, Bvi, April 16th, 2024, Chainwire As a world-class digital asset exchange, LBank continues to focus on providing its users with quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information [...]

Ripple vs. SEC Settlement? Final Pretrial Conference Today Could Boost XRP Price to $1

Apr 16, 2024 | 02:15 am

Today’s final pretrial conference may significantly impact XRP’s price, with potential to reach $1. Legal outcomes from the Ripple vs. SEC case could reduce uncertainties and drive investor confidence. Following recent updates by financial analysts and Binance, there’s speculation that a favorable outcome for Ripple in its ongoing legal battle with the SEC could catalyze [...]

This Exchange Altcoin Is a ‘Dark Horse’ Crypto Play Amid Good Market Structure, Says Trader

Apr 16, 2024 | 02:15 am

A closely followed crypto analyst and trader is turning bullish on the native asset of a layer-1 blockchain. Pseudonymous analyst Loma tells his 303,500 followers on the social media platform X that BNB, the native asset of the BNB Chain, is displaying strength from both the technical and fundamental viewpoints. “I think [BNB] is a […] The post This Exchange Altcoin Is a ‘Dark Horse’ Crypto Play Amid Good Market Structure, Says Trader appeared first on The Daily Hodl.

LBBW forges an exclusive collaboration with Bitpanda

Apr 16, 2024 | 02:10 am

LBBW forms an exclusive collaboration with Bitpanda to offer the required framework for investment-as-a-service aimed toward business houses launching at the end of 2024. This will facilitate storing and obtaining multiple cryptocurrencies such as Bitcoin and Ether. Incidentally, Bitpanda is an Austria-based exchange platform. LBBW is Germany’s state-supported lender, which now intends to enter cryptocurrency …

Bitcoin Price Drops Ahead of Halving: Here’s What to Expect Next

Apr 16, 2024 | 02:08 am

The post Bitcoin Price Drops Ahead of Halving: Here’s What to Expect Next appeared first on Coinpedia Fintech News The cryptocurrency market just took a tumble, with the global market cap experiencing a 5% drop in the last 24 hours, settling at roughly $2.42 trillion. This correction rippled through the market, with Bitcoin (BTC) and Ethereum (ETH) leading the pack downwards. Both giants shed around 5% of their value, currently trading at $63,277 and …

UK competition regulator voices generative AI concerns

Apr 16, 2024 | 02:00 am

Addressing mounting concerns over risks in the AI sector, including the concentration of power among tech giants, the CMA proposes a set of principles to help build sustained, vibrant innovation. [...] Read More... The post UK competition regulator voices generative AI concerns appeared first on CoinGeek.

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.

STEPN forms an exclusive tie-up with Adidas

Apr 16, 2024 | 01:43 am

STEPN, the most expanded lifestyle application, has linked up with Adidas to introduce co-branded digital sneakers to an audience of 5 million. The sneakers will be known as STEPN x Adidas Genesis Sneakers, and a limited edition NFT collection will initially be created along with Adidas. STEPN is more popularly known as a move-and-earn lifestyle …

Toncoin Plunges 17% Post ATH! Will TON Price Recover Again?

Apr 16, 2024 | 01:41 am

The post Toncoin Plunges 17% Post ATH! Will TON Price Recover Again? appeared first on Coinpedia Fintech News The bearish trend continues to hover over the cryptocurrency industry as the market has recorded a correction of 4.37% within the past 24 hours with top tokens recording significant drops in their respective portfolio. Further, the TON price has experienced a correction of approximately 12% during the same time, making it the biggest loser among …

Three major UK banks experimenting with tokenised deposits amid ‘Britcoin’ uncertainty

Apr 16, 2024 | 01:41 am

Barclays, Lloyds, and Citi banks experimenting with tokenised deposits. The trial aims to explore digital banking potential amidst the uncertain future of ‘Britcoin’. BIS’s Agora project and UK government support reflect the global push for advanced financial systems. In a bid to explore innovative financial technologies, three major British banks — Barclays, Lloyds Banking Group, […] The post Three major UK banks experimenting with tokenised deposits amid ‘Britcoin’ uncertainty appeared first on CoinJournal.

Coinbase Challenges SEC: Interlocutory Appeal Sparks Legal Battle Over ‘Investment Contract’ Definition – Boost for Ripple (XRP) Case?

Apr 16, 2024 | 01:38 am

Coinbase CLO Paul Grewal has reiterated that crypto assets are here to stay, thus the SEC should focus on providing clear regulatory frameworks. The question at hand between the US SEC and Coinbase is whether an investment contract requires actual contractual detailing. The legal battles in the United States between the Securities and Exchange Commission [...]

Koala Coin (KLC) Surge Supported by TRON (TRX) and Polygon (MATIC) Over Volatile Week

Apr 16, 2024 | 01:36 am

The post Koala Coin (KLC) Surge Supported by TRON (TRX) and Polygon (MATIC) Over Volatile Week appeared first on Coinpedia Fintech News After a renowned cryptocurrency investor’s tweet heralding a 2024 bull run, Koala Coin (KLC) experiences a presale surge, currently in stage one priced at $0.014. The support from TRON (TRX) and Polygon (MATIC) propels this FOMO-driven ascension, marking the limited presale of Koala Coin (KLC) as an opportunity not to be overlooked. Unleashing Joy & …

Next Crypto to Hit $1 in 2024: Top 7 Picks

Apr 16, 2024 | 01:31 am

The post Next Crypto to Hit $1 in 2024: Top 7 Picks appeared first on Coinpedia Fintech News As Bitcoin (BTC) surges to unprecedented heights, attention shifts to altcoins with the most potential, particularly meme coins like Pikamoon (PIKA), leading the charge to become the next crypto to hit $1. Of course, it goes without saying that the cryptocurrency sector is preparing for a significant rally in 2024. For months, industry specialists have …

BlackRock continued inflows narrow gap: just 37,781 BTC separate IBIT from GBTC

Apr 16, 2024 | 01:27 am

Quick Take Farside data indicates that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced an outflow of $36.7 million on April 15. Notably, Grayscale GBTC recorded an outflow of $110.1 million, contributing to their total net outflow reaching $16,382.2 billion. Conversely, BlackRock IBIT attracted $73.4 million in inflows, bolstering its net inflow to $15,329.0 billion. Fidelity recorded […] The post BlackRock continued inflows narrow gap: just 37,781 BTC separate IBIT from GBTC appeared first on CryptoSlate.

stc Bahrain and Aleph Zero Partner to Advance Blockchain DePIN Across the Gulf Region

Apr 16, 2024 | 01:05 am

Manama, Bahrain, April 16th, 2024, Chainwire By joining forces with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to enhance privacy, security, and decentralization in the digital realm. stc Bahrain, a world-class digital enabler, has announced its partnership with Aleph Zero, a privacy-enhancing Layer 1 blockchain, as part of its Web3 Launchpad program. This collaboration [...]

PEPE Dumps And TON Corrects After a New ATH; Market Excitement Spills Over To Massive Growth On $RECQ Presale

Apr 16, 2024 | 01:00 am

The PEPE token price is anticipated to drop further and trade below $0.0000054. The Toncoin (TON) price is predicted by experts to drop below $6.30. Rebel Satoshi ($RBLZ) continues to generate returns for the $RECQ presale investors. The top crypto coins such as PEPE and Toncoin (TON) have dropped after a surge as the market [...]

BONK: Explaining 40% weekly fall and if these indicators mean something

Apr 16, 2024 | 01:00 am

BONK’s market sentiment grows poorer as memecoin’s price chases new lows.

stc Bahrain and Aleph Zero Partner to Advance Blockchain DePIN Across the Gulf Region

Apr 16, 2024 | 01:00 am

Manama, Bahrain, April 16th, 2024, Chainwire By joining forces with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to enhance privacy, security, and decentralization in the digital realm. stc Bahrain, a world-class digital enabler, has announced its partnership with Aleph Zero, a privacy-enhancing Layer 1 blockchain, as part of its Web3 Launchpad program. This collaboration […] The post stc Bahrain and Aleph Zero Partner to Advance Blockchain DePIN Across the Gulf Region appeared first on CoinChapter.

Going Crypto: Major UK Banking Firms Test Tokenized Deposits

Apr 16, 2024 | 00:49 am

UK Finance, the trade association representing the UK banking and financial services industry, is spearheading a pioneering pilot program aimed at leveraging crypto and blockchain technology to track financial transactions. This initiative marks a significant step forward in the adoption of crypto-related solutions within traditional banking systems. Related Reading: VeChain Lands $100 Million Knockout Partnership […]

Dash: More than just privacy – Unlocking its benefits!

Apr 16, 2024 | 00:42 am

Dash is a cryptocurrency that seeks to replace fiat money in daily transactions. It began as a Bitcoin fork and was released in 2014. Dash extends its usefulness beyond anonymity to various fields. Beyond privacy, Dash enables quick, safe, and affordable transactions worldwide. Innovative projects and community-driven initiatives are encouraged by the self-financing method and …

Polygon-Powered X Layer by OKX Hits the Ground Running in Crypto’s Layer 2 Boom

Apr 16, 2024 | 00:38 am

OKX has launched its new Layer-2 blockchain network, X Layer, enhancing connectivity and scalability in the cryptocurrency market. X Layer leverages Polygon’s technology to provide seamless access to decentralized applications, fostering an accessible transition to Web3. Following the recent Napoli Upgrade on Polygon, reported by CNF, the fourth-largest cryptocurrency exchange, OKX, has successfully launched its [...]

Bitcoin Investors In The Red: Losses Trump Profits As Ratio Dips Below 1

Apr 16, 2024 | 00:38 am

Investors are bracing themselves for a rollercoaster ride as Bitcoin, the flagship digital asset, navigates through choppy waters. Recent data from Glassnode has revealed a noteworthy development: the Realized Profit/Loss Ratio for Bitcoin has dipped below one. This crucial metric, which compares the sell value of Bitcoin with the price at which it was bought, [...] The post Bitcoin Investors In The Red: Losses Trump Profits As Ratio Dips Below 1 appeared first on Crypto Breaking News.

Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem

Apr 16, 2024 | 00:31 am

As the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed by the creator of Ordinals, Casey Rodarmor, and has been met with considerable enthusiasm since its announcement in September 2023. The following is a comprehensive […]

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.

Analyst Willy Woo Says Bitcoin As Trillion-Dollar Asset Here To Stay, Sees Liquidation of BTC Bears Next

Apr 16, 2024 | 00:04 am

A widely followed on-chain analyst thinks that Bitcoin (BTC) bears are about to get wiped out following last week’s crypto correction. Analyst Willy Woo tells his 1.1 million followers on the social media platform X that the most recent Bitcoin retracement to $60,000 flushed out leveraged longs. Woo says he doesn’t see Bitcoin going down […] The post Analyst Willy Woo Says Bitcoin As Trillion-Dollar Asset Here To Stay, Sees Liquidation of BTC Bears Next appeared first on The Daily Hodl.

Is Bitcoin’s downtrend ending? 4 factors tell you why…

Apr 16, 2024 | 00:00 am

The majority of Bitcoin holders were experiencing losses, suggesting the formation of a BTC price bottom.

Dark2Light launches online game, lets users write their own questions

Apr 16, 2024 | 00:00 am

Players can now earn monies with a simple "Yes" or "No" answer on Dark2Light's online "democracy card game," which also features a new twist—allowing users to throw in questions of their own. [...] Read More... The post Dark2Light launches online game, lets users write their own questions appeared first on CoinGeek.

BlockDAG gains prominence with potential 20,000x ROI amid cryptocurrency market fluctuations with Solana’s legal challenges and Ethereum’s expected growth

Apr 15, 2024 | 23:40 pm

Amid the ongoing volatility in the cryptocurrency market, highlighted by Solana’s significant liquidations and Ethereum’s optimistic price projections, BlockDAG draws attention to its promising potential for a 20,000x ROI, positioning it among the top ten cryptocurrencies for 2024. The platform has already raised $17.3 million through its presale, selling over 7.5 billion coins. By integrating …

XRP Price Topside Bias is Super Vulnerable If…

Apr 15, 2024 | 23:29 pm

In the last analysis, we discussed a double-top pattern near the $0.7420 zone. XRP failed to climb higher and started a major decline below the $0.600 support zone. More importantly, it declined below a connecting bullish trend line with support at $0.510 on the weekly chart. The post XRP Price Topside Bias is Super Vulnerable If… appeared first on CoinChapter.

Why The Bitcoin Halving Matters, But Not The Way You Think: Expert

Apr 15, 2024 | 23:20 pm

David Lawant, Head of Research at FalconX, a digital assets prime brokerage with trading, financing, and custody for leading financial institutions, recently offered an analysis on X (formerly Twitter) regarding the evolving role of Bitcoin halvings in market dynamics. This analysis challenges the traditional view that halvings directly and significantly affect Bitcoin’s price, instead highlighting a [...] The post Why The Bitcoin Halving Matters, But Not The Way You Think: Expert appeared first on Crypto Breaking News.

China’s ETF Gamechanger: XRP, Ethereum, and Bitcoin Prices Poised for Explosive Surge

Apr 15, 2024 | 23:06 pm

New spot ETFs in Hong Kong could significantly boost Bitcoin, Ethereum, and XRP prices. Regulatory challenges persist in Mainland China, potentially limiting participation in these ETFs. Recent Forbes coverage reveals an impending surge in Bitcoin, Ethereum, and XRP prices, driven by the launch of new spot ETFs in Hong Kong. Leading firms like Bosera Capital, [...]

Hong Kong “Conditionally” Approves Bitcoin and Ether ETFs

Apr 15, 2024 | 22:55 pm

Hong Kong’s Securities and Futures Commission has become the latest regulator to approve the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, the approvals of at least three offshore Chinese asset managers remain conditional.‘Conditional’ Approval Crypto ETFsAlthough the regulator confirmed the conditional approval, it did not reveal any details of the ETFs. The regulatory conditions include fee payments, document filings, and approval of the Hong Kong Stock Exchange's listing, according to Reuters.Crypto ETFs are listed on stock exchanges and can be traded from regular brokerage accounts without the need to create a crypto exchange account or use custodial services. These investment products lower the entry barrier and complexity of investment into cryptocurrencies.Additionally, the Hong Kong unit of China Asset Management, which has been developing spot Bitcoin and Ether products, received approval to provide virtual asset management services.“The introduction of the virtual asset spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong's status as an international financial centre and a hub for virtual assets,” Bosera Asset Management stated.The Rising Demand for CryptoThe conditional approval in Hong Kong followed approximately three months after the US Securities and Exchange Commission approved 11 Bitcoin ETFs in one go. These approvals ensued from prolonged efforts by several companies over the years. However, the US did not approve any Ether ETFs despite the application of multiple firms.While the green light for Bitcoin ETFs in the US triggered a price surge of cryptocurrencies, the latest Hong Kong approval failed to do so. Bitcoin is trading below $63,000 apiece, as of press time, compared to its peak of about $74,000.Other than the US and Hong Kong, spot Bitcoin ETFs are listed on the exchanges in eight additional jurisdictions, including Canada, Germany, Jersey, Switzerland, Australia and three more locations. However, those markets are small, and the demand for these crypto instruments remains low. This article was written by Arnab Shome at www.financemagnates.com.

Are market conditions favoring Bitcoin’s reemergence in 2024?

Apr 15, 2024 | 22:41 pm

The crypto market enjoyed a speedy recovery in 2023 after a tumultuous bear market in 2022 that left many crypto companies insolvent. The recent rally in cryptocurrency prices aligns with the economic cycle, centering around the Bitcoin halving event that is coming around in April 2024. Bitcoin has stunningly staged a remarkable comeback after two …

Bank of Russia Supports Cryptocurrency Usage for International Settlements

Apr 15, 2024 | 22:34 pm

The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […]

Edward Snowden Sounds Alarm on NSA’s Plans to Expand Surveillance Under New FISA Amendment

Apr 15, 2024 | 22:31 pm

NSA whistleblower Edward Snowden has warned that the National Security Agency (NSA) is on the verge of significantly expanding its surveillance capabilities through a new bill amending Section 702 of the Foreign Intelligence Surveillance Act (FISA), potentially allowing the government to compel a wide array of businesses and individuals to assist in NSA surveillance operations. […]

Ethereum Insider Files Lawsuit Against FBI Co-Conspirators

Apr 15, 2024 | 22:30 pm

Steven Nerayoff, a former advisor to Ethereum, has initiated a lawsuit against Michael Hlady, also known as Michael Peters, and Marianna Shooshani in the Supreme Court of New York, Nassau County in his quest for justice. The lawsuit alleges a fraudulent scheme orchestrated to deceive Nerayoff, resulting in substantial financial loss. According to the court […]

Need a passive income source? Earn at least $500 a day with Stakingfarm

Apr 15, 2024 | 22:26 pm

With the advent of modern-day technology, the pursuit of passive income has been the center of attraction for many individuals. The rise of innovative financial technologies including state-of-art online platforms resulted in opportunities that help people generate passive income even with minimal effort. Among these options, staking cryptocurrencies has become a buzzword. It promises to [...]

DOGE Price Prediction – Dogecoin Could Restart Drop To $0.12

Apr 15, 2024 | 22:08 pm

Dogecoin is struggling below the $0.180 resistance zone against the US Dollar. DOGE must stay above the $0.1450 support zone to start a fresh increase. DOGE started a fresh decline below the $0.1750 zone against the US dollar. The price is trading above the $0.1700 level and the 100 simple moving average (4 hours). There [...] The post DOGE Price Prediction – Dogecoin Could Restart Drop To $0.12 appeared first on Crypto Breaking News.

Why Bitcoin can still beat the bears, hit $91K this cycle

Apr 15, 2024 | 22:00 pm

On-chain data suggests that Bitcoin is far below the possible peak of this cycle.

Hong Kong Bitcoin ETFs Expected To Lag Behind US Market With Meager $500M Inflows, Expert

Apr 15, 2024 | 22:00 pm

The Hong Kong Securities and Futures Commission (SFC) has granted official approval for spot Ethereum and Bitcoin ETFs, signifying a major milestone for the crypto market in the region. However, while the approval brings excitement, Bloomberg Senior ETF analyst Eric Balchunas offered a more cautious analysis of the potential inflows into the newly approved market. […]

Stablecoins gaining traction in cross-border payments: Report

Apr 15, 2024 | 22:00 pm

The Bernstein report notes that payment giants like Visa and PayPal and regional fintech firms are increasingly using stablecoins to transfer value globally. [...] Read More... The post Stablecoins gaining traction in cross-border payments: Report appeared first on CoinGeek.

Ethereum Price Recovery In Jeopardy? Decoding Key Hurdles To Fresh Increase

Apr 15, 2024 | 21:15 pm

Ethereum price is facing many hurdles near $3,200. ETH could gain bearish momentum if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $3,000 support zone. Ethereum Price Faces Hurdles Ethereum price started a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,120 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price started a fresh decline, like Bitcoin. There was a move below the $3,200 support zone. The price declined below the 23.6% Fib retracement level of the recovery wave from the $2,537 swing low to the $3,278 high. There was also a break below a connecting bullish trend line with support at $3,100 on the hourly chart of ETH/USD. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,200 level. The first major resistance is near the $3,250 level. The next key resistance sits at $3,280, above which the price might test the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. Source: ETHUSD on TradingView.com In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even rise toward the $3,750 resistance. More Losses In ETH? If Ethereum fails to clear the $3,200 resistance, it could continue to move down. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the recovery wave from the $2,537 swing low to the $3,278 high. The next key support could be the $2,820 zone. A clear move below the $2,820 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,000 Major Resistance Level – $3,200

Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst

Apr 15, 2024 | 21:00 pm

The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window Bitcoin Bears Beware Of This Price Range According to Rover, the crucial price mark, which is the $71,600 region, is where the $3 billion short liquidation would occur if Bitcoin reclaims it. Rover’s assessment is based on data gathered from CoinGlass, a renowned derivative market tracker, indicating a substantial liquidity accumulation at higher price levels. The recent warning from Crypto Rover comes amidst a period of turbulence in the crypto market, marked by sharp price movements and heightened trading activity. Particularly, Bitcoin experienced a sudden decline over the weekend, bringing its price to as low as $62,000 in the zone. However, in the early hours of Monday, the asset showed signs of recovery, briefly reaching a high of $66,797 before retracing to its current price of $64,711. The market downturn over the weekend witnessed a record number of liquidations, with over $1.2 billion in Bitcoin long positions liquidated in a single day, according to WhaleWire. JUST IN: Over $1.2 Billion in #Bitcoin longs have been liquidated over the last 24 hours, amid market decline, setting a new record. The previous record was $879M. Today, more Bitcoin bulls have been liquidated than on any day in the last 15 years. Another reason why buying up… pic.twitter.com/itnwb7rj1d — WhaleWire (@WhaleWire) April 13, 2024 The liquidation hasn’t stopped, as the latest data from Coinglass reveals that in the past 24 hours alone, 89,151 traders have been liquidated, resulting in a total loss of $266.10 million. Analyst Insights And Market Dynamics It is worth noting that Bitcoin’s recorded slight recovery comes as Hong Kong regulators granted provisional approval for asset managers to launch spot Bitcoin and Ethereum exchange-traded funds (ETFs). Crypto analyst Willy Woo has shared his perspective on the potential impact of Bitcoin exchange-traded funds (ETFs) on market dynamics. According to Woo, introducing the new Bitcoin ETFs could lead to significant price targets, with projections ranging from $91,000 at the bear market bottom to $650,000 at the bull market top. The new #Bitcoin ETFs brings price targets of $91k at the bear market bottom and $650k at the bull market top once ETF investors have fully deployed according to asset manager recommendations***. These are very conservative numbers. #Bitcoin will beat gold cap when ETFs have… — Willy Woo (@woonomic) April 15, 2024 Woo’s analysis underscores the growing institutional interest in BTC, with asset managers expected to allocate a substantial portion of their funds to the cryptocurrency. Related Reading: The Ultra Wealthy Are Investing Big Time In Bitcoin, Barbara Goldstein Reveals However, Woo emphasizes that these projections are conservative estimates, and Bitcoin’s market capitalization could exceed gold as more capital is deployed into the asset. Featured image from Unsplash, Chart from TradingView

Impending Extradition? Nigerian Authorities Trace Fleeing Binance Exec To Kenya – Report

Apr 15, 2024 | 21:00 pm

In the latest development of the saga between Binance and Nigerian authorities, the executive who fled from Nigerian custody at the end of March has been traced to Kenya by the Federal Government. According to local reports, authorities are starting the extradition process and interrogating the guards in charge of the executive’s custody. Related Reading: […]

Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

Apr 15, 2024 | 20:59 pm

United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization. Parks, who was arrested in Nebraska and faces up […]

Binance Executive Located in Kenya After Escaping Nigerian Custody

Apr 15, 2024 | 20:39 pm

Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition. Nigerian Authorities Want Nadeem Anjarwalla Extradited According to a report, Nadeem Anjarwalla, a Binance […]

Bitcoin Price Restarts Decline, Can BTC Bulls Protect $60K?

Apr 15, 2024 | 20:06 pm

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone. Bitcoin Price Recovery Stalls Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above $66,200, but the bears were active near the $67,000 zone. A high was formed at $66,898 and the price started another decline amid rising tensions between Israel and Iran. There was a move below the $65,000 and $64,000 levels. The price traded below the 50% Fib retracement level of the upward move from the $60,495 swing low to the $66,898 high. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $65,000 and the 100 hourly Simple moving average. The bulls are now protecting the 61.8% Fib retracement level of the upward move from the $60,495 swing low to the $66,898 high at $63,000. Immediate resistance is near the $63,750 level. The first major resistance could be $64,700. The next resistance now sits at $65,000. If there is a clear move above the $65,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,800 and the 100 hourly Simple moving average. Source: BTCUSD on TradingView.com The next major resistance is near the $67,200 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. More Losses In BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $63,000 level. The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,000 level. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $63,000, followed by $62,000. Major Resistance Levels – $64,700, $65,000, and $67,000.

Bitcoin Price Restarts Decline, Can BTC Bulls Protect $60K?

Apr 15, 2024 | 20:06 pm

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 [...] The post Bitcoin Price Restarts Decline, Can BTC Bulls Protect $60K? appeared first on Crypto Breaking News.

Ethereum regains its groove? All about ETH’s 7% uptick in 24 hours

Apr 15, 2024 | 20:00 pm

After a plummet under $3k, Ethereum’s price gained bullish momentum - $4k this week?

Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst

Apr 15, 2024 | 20:00 pm

Even with Bitcoin prices facing pressure from sellers, Willy Woo, an on-chain analyst, thinks the coin will reach new highs thanks to the launch of new Bitcoin exchange-traded funds (ETFs). In a post on X, Woo said the coin could soar to as high as $91,000 in a bear bottom but soar to as high as [...] The post Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst appeared first on Crypto Breaking News.

Runes Protocol Set To Launch As Bitcoin Halving Nears – A Threat To BRC-20 Dominance?

Apr 15, 2024 | 20:00 pm

As the anticipated Bitcoin Halving approaches, a new native digital commodity protocol is set to make its presence felt in the cryptocurrency landscape. The Runes Protocol, developed by the mind behind the Ordinal Theory, Casey Rodarmor, is generating buzz as it introduces a new fungible token standard for Bitcoin. A recent report by crypto analysis […]

Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia

Apr 15, 2024 | 20:00 pm

Governor Elvira Nabiullina says that the digital ruble needs to be the most convenient payment method for individuals and businesses before it gains mass usage. [...] Read More... The post Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia appeared first on CoinGeek.

Why is Solana (SOL) price up today?

Apr 15, 2024 | 19:27 pm

Solana price rallied on April 14, thanks to the successful rollout of a crucial software update targeting network congestion issues. The post Why is Solana (SOL) price up today? appeared first on CoinChapter.

Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy

Apr 15, 2024 | 19:00 pm

According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Related Reading: Breaking: Spot Bitcoin And Ethereum ETFs Approved In Hong Kong Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two transactions: 17 BTC ($1.1 million) for one wallet and 33 BTC ($2.2 million) for another. The recipient wallet receiving 17 BTC has shown patterns of frequent transactions, possibly indicating its association with a cryptocurrency exchange, particularly Coinbase. The analysis further reveals that the Bitcoin sent to this wallet was subsequently merged with funds from other wallets associated with Coinbase, suggesting a possible deposit into the exchange. A miner wallet woke up after being dormant for nearly 14 years and deposited 50 $BTC($3.28M) to #Coinbase 5 mins ago. The miner earned 50 $BTC from mining on Apr 23, 2010, and has been holding it to this day. Address: 15sxzZ4QSaoiMo5KYH9ab4xQj34yeJmKgb pic.twitter.com/DRw9U5Xy8N — Lookonchain (@lookonchain) April 15, 2024 On the other hand, the remaining 33 BTC were transferred to a new wallet. This could indicate that this Bitcoin may have effectively remained within the miner’s control but under a new address, a common practice to enhance transaction privacy. Bitcoin Recovery Amid Impending Halving This recent activity coincides with Bitcoin’s rebound following a sharp decline that saw its price plummet from over $70,000 to $62,000 over the weekend. However, at the time of writing, Bitcoin is trading at $64,109, marking a 0.5% increase in value over the past 24 hours. This surge in price comes amidst anticipation of the upcoming Bitcoin Halving scheduled to take place in the next 5 days on April 20. Notably, the Bitcoin Halving is a programmed event that occurs approximately every four years or after every 210,000 blocks are mined. Bitcoin miners’ reward for validating transactions and securing the network is cut in half during this event. When Bitcoin was launched in 2009, the reward was initially set at 50 BTC per block. However, the reward has been halved, reducing the rate at which new BTC is created. This adjustment is designed to control the supply of Bitcoin, making it more scarce over time and ultimately contributing to its deflationary nature. Furthermore, recent reports indicate that BTC miners could face losses exceeding $10 billion due to the upcoming Halving event. As Bloomberg reported, this loss could result from several factors, including miners facing intensified competition from AI companies. Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window Core Scientific CEO Adam Sullivan noted the tightening availability of power in the US, driven partly by tech giants like Amazon investing heavily in data centers. This competition for resources presents further obstacles for miners seeking affordable power contracts. Featured image from Unsplash, Chart from TradinView

Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy

Apr 15, 2024 | 19:00 pm

According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two [...] The post Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy appeared first on Crypto Breaking News.

Spot Bitcoin ETFs Are Live In Hong Kong, But Don’t Be Overconfident: Analyst

Apr 15, 2024 | 19:00 pm

On April 15, Hong Kong took a significant step towards becoming a crypto hub after approving the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, an ETF analyst, Eric Balchunas, is pouring cold water on the excitement palpable across the crypto scene. Spot Bitcoin ETF Is Live In Hong Kong Taking to X, Balchunas […]

Bitcoin’s weekend dip shakes out short-term holders

Apr 15, 2024 | 18:30 pm

Bitcoin saw a significant dip over the weekend, with BTC dropping from $70,090 on April 11 to $64,400 on April 13. Despite the initial fears of a broader conflict in the Middle East developing and a potential market downturn beginning, Bitcoin’s price managed to stabilize at around $66,000 as of April 15. To understand the nature […] The post Bitcoin’s weekend dip shakes out short-term holders appeared first on CryptoSlate.

HSBC to Expand Tokenized Asset Offerings — CEO Says He’s ‘Very Comfortable’ With Tokenization

Apr 15, 2024 | 18:28 pm

Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong Kong’s leading commercial […]

DXY Breaks Out of Diamond Bottom, Signals Bullish Momentum

Apr 15, 2024 | 18:19 pm

NAIROBI (Coinchapter.com) – The U.S. Dollar Index (DXY) is currently trading around 106.19, showcasing a breakout from a potential giant diamond bottom formation. This technical pattern suggests a strong bullish sentiment surrounding the greenback, as the index continues to maintain its upward momentum. First-quarter growth figures for the US economy suggest a resilient trajectory, with […] The post DXY Breaks Out of Diamond Bottom, Signals Bullish Momentum appeared first on CoinChapter.

Trust Wallet Advises Apple Users to Disable Imessage Amid Fears of Zero-Day Exploit

Apr 15, 2024 | 18:09 pm

Trust Wallet, a crypto wallet provider, has issued a warning for Apple users to disable Imessage, based on “credible intel” about a zero-day exploit available on the dark web for $2 million, which could allow hackers to take control of users’ Iphones without any interaction needed. The alert was met with skepticism by some in […]

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

Apr 15, 2024 | 18:00 pm

On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle. Here’s why this may be so. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time As an analyst explained in a CryptoQuant Quicktake post, the BTC whales’ movements have been different this time compared to the previous cycle. The indicator of interest here is the “exchange inflow,” which tracks the total amount of Bitcoin being transferred to wallets attached to all centralized exchanges. In the context of the current discussion, derivative platforms are specifically of interest. Related Reading: PEPE Preparing For A 54% Move? Analyst Thinks So When this metric’s value is high, it means that investors are depositing large amounts on these exchanges. Such a trend usually suggests a high demand for the services these derivative exchanges provide. Generally, extraordinary spikes in the indicator are associated with whale movements, given that only these humongous holders can cause such large shifts. On the other hand, when the metric has a low value, it suggests that the whales aren’t depositing anything significant to these platforms, a possible sign that they don’t want to take risks on the derivative side. Now, here is the chart shared by the quant, which shows the data for the Bitcoin exchange inflow for derivative exchanges: The value of the metric seems to have been relatively low in recent days | Source: CryptoQuant The indicator in the above graph also has another condition attached: it only tracks the inflows coming from the whales that had been holding for at least 1 month and at most 3 months. These would be the newbie whales in the market, but not quite so new that they have only bought (those with a holding time of less than 1 month). Restricting this time range also excludes the data of the traders who make a high amount of moves in short timeframes on average. As the analyst has highlighted in the chart, the whales in this group have usually made large inflows to derivative platforms around notable cryptocurrency tops and bottoms, when speculation is at its height. Interestingly, though, the cryptocurrency has witnessed no such large inflow spikes this year even though the asset has broken past the previous all-time high (ATH). One explanation may be that the whales are not interested in making any real moves right now. However, a more likely reason may be that spot exchange-traded funds (ETFs) exist now. The spot ETFs hold Bitcoin on behalf of their customers and let them gain indirect exposure to the cryptocurrency in a way familiar to conventional investors. Related Reading: Dogecoin Usurped: These Memecoins Overtake DOGE In Active Trader Count The ETFs have brought significant demand into the asset and have quickly become an important part of the market. It’s possible that, with this new investment vehicle, the usual cryptocurrency exchanges no longer have the same relevance for the asset. This could be why the pattern that held during the previous BTC cycle has seemingly disappeared from the current one. BTC Price At the time of writing, Bitcoin is trading at around $66,100, down more than 8% over the past week. Looks like the price of the asset has overall moved sideways recently | Source: BTCUSD on TradingView Featured image from Bart on Unsplash.com, CryptoQuant.com, chart from TradingView.com

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

Apr 15, 2024 | 18:00 pm

On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle. Here’s why this may be so. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time As an analyst explained in a CryptoQuant Quicktake post, the BTC whales’ movements have been different this time compared to [...] The post Bitcoin Whales Showing Different Behavior From Past Cycles, But Why? appeared first on Crypto Breaking News.

New UK Legislation To Govern Crypto Staking, Trading, By Mid-2024: What You Need To Know

Apr 15, 2024 | 18:00 pm

The United Kingdom is poised to enact new legislation covering stablecoins and various crypto activities, including staking, trading, and custody. The forthcoming regulations, which are expected to be implemented by June or July 2024, mark a significant milestone as they bring digital assets, such as the operation of exchanges and the custody of customer funds, […]

Flash Crypto Market Crash Caused by Tax Season, Not Middle East Conflict

Apr 15, 2024 | 17:34 pm

The crypto market suffered a crash as the markets entered the weekend on April 12, with the total market cap dropping over 18% in two days. The post Flash Crypto Market Crash Caused by Tax Season, Not Middle East Conflict appeared first on CoinChapter.

Buenos Aires charges Worldcoin with consumer law violations, warns of $1.2 million fine

Apr 15, 2024 | 17:01 pm

The provincial government of Buenos Aires has formally accused Worldcoin of violating consumer laws through “abusive clauses” in its user agreement. According to the notice, Worldcoin’s unfair agreement allegedly allows it to interrupt services without offering repair or reimbursement. The government also claims that Worldcoin requires users to surrender their rights to collective complaints and […] The post Buenos Aires charges Worldcoin with consumer law violations, warns of $1.2 million fine appeared first on CryptoSlate.

Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario

Apr 15, 2024 | 17:00 pm

Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event. Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct [...] The post Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario appeared first on Crypto Breaking News.

Top Trader Warns of Time Capitulation for Altcoins, Says Crypto Markets Not Seeing New Retail Inflows

Apr 15, 2024 | 17:00 pm

A popular analyst says that last week’s marketwide correction has put altcoins in a position to see muted price action in the next few months. Pseudonymous analyst The Flow Horse tells his 211,300 followers on the social media platform X that he expects altcoins to trade sideways until July. According to the trader, the lack […] The post Top Trader Warns of Time Capitulation for Altcoins, Says Crypto Markets Not Seeing New Retail Inflows appeared first on The Daily Hodl.

Massive XRP Transfer Hits Bithumb – Ripple Dump Incoming?

Apr 15, 2024 | 16:58 pm

According to Whale Alert, a massive transaction of 390.87 million XRP tokens, valued at approximately $201.1 million, was transferred to the South Korean exchange Bithumb. The sender’s address is associated with Bithumb and was activated more than four years ago. After the transaction, the sender’s wallet retained a minimal balance of 19.99 XRP, while the […] The post Massive XRP Transfer Hits Bithumb – Ripple Dump Incoming? appeared first on CoinChapter.

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Apr 15, 2024 | 16:21 pm

Former Bitmex CEO Arthur Hayes has explained why he believes that “bitcoin and crypto prices in general will slump around the halving.” He added that from now until May 1, he “will be in a no-trade zone,” emphasizing that “April will experience extreme weakness in risky asset markets.” Bitcoin Price Will ‘Slump Around the Halving,’ […]

MATIC’s 8% surge: Is Polygon’s booming network behind it?

Apr 15, 2024 | 16:00 pm

Polygon's network activity has experienced a notable surge in the last week.

Bitcoin Will Rise Back to $70K

Apr 15, 2024 | 16:00 pm

NAIROBI (Coinchapter.com) – Although Bitcoin’s price declined sharply over the weekend, dropping below $62,000 as geopolitical tensions escalated globally, there is much confidence that Bitcoin will rise back to $70,000 in the near future. Despite these challenges, the cryptocurrency quickly rebounded to above $64,000 by Sunday morning, showcasing its resilience. As of April 15, 2024 […] The post Bitcoin Will Rise Back to $70K appeared first on CoinChapter.

Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over

Apr 15, 2024 | 16:00 pm

A crypto analyst known as Yomi has noted that the Dogecoin recent price action could turn bullish after this week. According to Yomi, DOGE is on the verge of creating a golden cross on its price chart, an event that could indicate the continuation of a major bull run. He noted the need for a [...] The post Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over appeared first on Crypto Breaking News.

On-chain sleuth ZachXBT says X’s controversial ‘not a bot’ fee unlikely to eliminate scams

Apr 15, 2024 | 15:30 pm

Crypto commentator ZachXBT criticized an annual fee that X now requires from new accounts. ZachXBT wrote on April 15 that the new policy will not eliminate bot account-driven scams because “hundreds of business verified scam accounts” come online weekly. Scammers reportedly pay thousands of dollars for the fake accounts. He said that he is not […] The post On-chain sleuth ZachXBT says X’s controversial ‘not a bot’ fee unlikely to eliminate scams appeared first on CryptoSlate.

OKX Launches WIF and MEW Spot Trading Amid Memecoin Craze

Apr 15, 2024 | 15:12 pm

NAIROBI (Coinchapter.com) – The OKX exchange has launched Dogwifhat (WIF) and the Cat in a Dog’s World (MEW), two new Solana-based memecoins, to its platform. This move aligns with the ongoing memecoin craze that has gripped the crypto market. According to the exchange’s announcement on X, OKX users can now deposit WIF and MEW tokens […] The post OKX Launches WIF and MEW Spot Trading Amid Memecoin Craze appeared first on CoinChapter.

Render’s (RNDR) Bullish Trend: Analyst Eyes Potential Surge to $100

Apr 15, 2024 | 15:10 pm

In a recent analysis, a prominent crypto analyst known as D0c Crypto provided valuable insights into the price trajectory of RNDR, shedding light on the recent fluctuations in its value. Acknowledging the recent dip that saw RNDR drop to $6, D0c Crypto emphasized the importance of maintaining a long-term perspective amidst market volatility. While conceding […]

Germany’s Largest Federal Bank To Offer Crypto Custody to Institutional Clients: Report

Apr 15, 2024 | 15:01 pm

The largest federal bank in Germany, Landesbank Baden-Wurttemberg, is planning to offer cryptocurrency custody services in the second half of 2024, according to a new report. According to Bloomberg, Landesbank Baden-Württemberg is announcing a new partnership with Bitpanda to offer crypto custody services to institutional clients in the second half of 2024. According to the report, […] The post Germany’s Largest Federal Bank To Offer Crypto Custody to Institutional Clients: Report appeared first on The Daily Hodl.

Bitcoin Peak Pre-Halving Doesn’t Guarantee Further Gains: Analyst

Apr 15, 2024 | 15:00 pm

With the fourth Bitcoin Halving just around the corner, Lady of Crypto, a market analyst and trader, has weighed in on claims concerning this bull cycle. The crypto analyst shared her insights after analyzing the recent market decline and the impending Bitcoin halving this month. According to the expert, there have been speculations that since [...] The post Bitcoin Peak Pre-Halving Doesn’t Guarantee Further Gains: Analyst appeared first on Crypto Breaking News.

Senators demand detailed accounting of CFTC’s interactions with SBF

Apr 15, 2024 | 14:49 pm

US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures following Bankman-Fried’s recent 25-year […] The post Senators demand detailed accounting of CFTC’s interactions with SBF appeared first on CryptoSlate.

Meta Unveils Enterprise-Level Metaverse Quest Services for Education Sector

Apr 15, 2024 | 14:40 pm

The educational sector will soon get access to Meta’s enterprise-level Quest services, the social media behemoth said on April 15. When it comes to extended reality (XR) headsets, the Quest models from this business are “by far the most popular on the market,” as Statista puts it. Moreover, by the

Top Solana’s NFT Lending Protocol Sharky to Conduct Token Generation Event For $SHARK on Jupiter Exchange

Apr 15, 2024 | 14:39 pm

After completing the $SHARK farming season 1 on April 10, Sharky, the first and leading escrow-less Non-Fungible Tokens (NFT) lending protocol on the Solana (SOL) ecosystem, has announced the dates for the much-awaited Token Generation Event (TGE). The TGE for the native token of Sharky, $SHARK, will be conducted on

Coinbase Unveils New Commercial Ahead of Bitcoin Halving

Apr 15, 2024 | 14:25 pm

The next Bitcoin (BTC) halving event is the subject of a new commercial that crypto exchange Coinbase has released. This event is set to take place on April 19, 2024. The advertisement underlines the key distinctions between Bitcoin and other currencies in an effort to educate the public about the

UK to legislate ‘whole host’ of crypto activities starting in the summer

Apr 15, 2024 | 14:02 pm

UK Economic Secretary to the Treasury Bim Afolami said the country is working on legislation for crypto regulations permitting several activities. Speaking at the Innovate Finance Global Summit (IFGS) 2024 on April 15, Afolami emphasized the regulatory regime’s far-reaching nature and said the change would bring a “whole host” of crypto activities within regulatory bounds. […] The post UK to legislate ‘whole host’ of crypto activities starting in the summer appeared first on CryptoSlate.

Solana Price Jumps 7% On Bitcoin And Ethereum ETF Approvals, Network Congestion Update

Apr 15, 2024 | 14:00 pm

Solana’s price saw a notable recovery on Monday after a steep decline over the past seven days. This was supported by positive developments in the Bitcoin (BTC) and Ethereum (ETH) markets, which came alongside the approval of exchange-traded funds (ETFs) for both cryptocurrencies in Hong Kong. Additionally, Solana addressed its ongoing network congestion issues with [...] The post Solana Price Jumps 7% On Bitcoin And Ethereum ETF Approvals, Network Congestion Update appeared first on Crypto Breaking News.

‘Stop calling it beta…’ What’s making Solana investors excited for $500?

Apr 15, 2024 | 14:00 pm

Market watchers project that Solana could rally to $500 or $1000 if market conditions are "right."

Hong Kong Welcomes Bitcoin & Ethereum Spot ETFs

Apr 15, 2024 | 14:00 pm

Hong Kong has opened doors to the first regulated Bitcoin and Ethereum spot exchange-traded funds in Asia’s financial capital. This opening boldness will turn Hong Kong into a hub for institutional crypto adoption not only within the region but also beyond. Major players in this eagerly awaited process led by the Securities and Futures Commission […]

Norway Passes Data Center Laws, Bitcoin Miners to Face Increased Scrutiny

Apr 15, 2024 | 13:43 pm

Bitcoin (BTC) miners may be subject to more tracking after Norway approved new data center laws. All data centers in the nation will be required by the new law to formally register. This registration will include details on the data centers’ owners, managers, and the digital services they provide. Norway

Hong Kong Approves First Spot Bitcoin and Ethereum ETFs

Apr 15, 2024 | 13:18 pm

At least three Hong Kong-based issuers have received green lights from the region’s authorities to launch spot exchange-traded funds (ETFs) trading Bitcoin (BTC) and Ethereum (ETH). Reuters said that on April 15, the first spot Bitcoin and Ethereum ETFs were provisionally authorized by the Hong Kong Securities and Futures Commission

Solana Whales Scoop Up Millions of Dollars Worth of Memecoins As Crypto Markets Dip: Lookonchain

Apr 15, 2024 | 13:00 pm

Whales on the Solana (SOL) blockchain are gobbling up memecoin discounts following a marketwide correction over the weekend, according to on-chain data. Blockchain tracking firm Lookonchain spotted two Solana whales that went in to accumulate sloth-themed Slerf (SLERF), Pepe the Frog-themed Book of Meme (BOME) and President Joe Biden-inspired Jeo Boden (BODEN) from crypto exchanges […] The post Solana Whales Scoop Up Millions of Dollars Worth of Memecoins As Crypto Markets Dip: Lookonchain appeared first on The Daily Hodl.

Solana’s July 1 Update Could Be A Game Changer?

Apr 15, 2024 | 13:00 pm

Solana Blockchain is gearing up for the anticipated rollout of the v1.17.31 on July 1. Recommended for general use by MainnetBeta validators, the launch is expected to bring significant enhancements that will help alleviate the ongoing congestion on the network. It appears that all Solana validator crates will be renamed to agave-validator. More Solana mainnet […]

Bitcoin Miners To Lose A Whopping $10 Billion Following The Halving – Here’s Why

Apr 15, 2024 | 13:00 pm

The Bitcoin Halving is set to take place this week. Miners’ rewards will be cut in half from 6.25 BTC to 3.125. This event is expected to have far-reaching effects on the miners themselves, as they are bound to lose a significant amount of revenue once the halving occurs. Bitcoin Miners Could Lose Up To [...] The post Bitcoin Miners To Lose A Whopping $10 Billion Following The Halving – Here’s Why appeared first on Crypto Breaking News.

Expert Draws Parallel Between Unique $RECQ Presale Opportunity And The Upswing On Toncoin and AVAX

Apr 15, 2024 | 13:00 pm

Toncoin spikes 36% in a week, and experts believe the uptrend will continue. Avalanche surges 2% in a week, and experts expect the bullish trend to persist. Rebel Satoshi’s $RECQ attracts more investors after jumping 85% and promising more gains. Top crypto coins like Toncoin (TON) and Avalanche (AVAX) have performed well over the past [...]

Former Goldman Sachs Executive Says Two Altcoin Ecosystems Competing for ‘Layer-One Race’

Apr 15, 2024 | 12:55 pm

Ex-Goldman Sachs executive Raoul Pal says two crypto ecosystems are in the race to be the next big layer-ones in the current digital asset market cycle. In a new interview on Bankless, Pal says he’s been looking for what’s going to be the “Solana (SOL)” of the next bull market, or which crypto asset is […] The post Former Goldman Sachs Executive Says Two Altcoin Ecosystems Competing for ‘Layer-One Race’ appeared first on The Daily Hodl.

Stablecoin regulation more likely this year following key discussions among lawmakers

Apr 15, 2024 | 12:41 pm

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation, […] The post Stablecoin regulation more likely this year following key discussions among lawmakers appeared first on CryptoSlate.

Open Mainnet Launch Speculation for Pi Network Runs Wild Amid Scams

Apr 15, 2024 | 12:24 pm

Pi Network has yet to launch its open mainnet. However, every so often, rumors surface on social media, promising a launch on this date or that. The post Open Mainnet Launch Speculation for Pi Network Runs Wild Amid Scams appeared first on CoinChapter.

Shiba Inu Heats Up Amidst Massive 650 Million SHIB Token Burn

Apr 15, 2024 | 12:17 pm

Despite a period of relative quiet, the dedicated Shiba Inu (SHIB) community has sustained its token-burning campaign, with periodic contributions helping to bolster the deflationary trend. This ongoing effort involves sending SHIB tokens to a dead or burn wallet, permanently removing them from circulation. An anonymous wallet address initiated one

USDe maintains full collateralization amid first market ‘stress test’

Apr 15, 2024 | 12:09 pm

Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market. The report follows a brief depegging incident during a market-wide downturn during the weekend. Attestation report As of April 15, the […] The post USDe maintains full collateralization amid first market ‘stress test’ appeared first on CryptoSlate.

Layer-2 Bitcoin Social Network Kicks Off Mainnet, Filecoin Rival on Whales’ Radar

Apr 15, 2024 | 12:00 pm

Bitcoin is the most popular cryptocurrency, and as a result, many new innovative solutions have been launched that seek to build on the network and produce new ecosystems. One of the latest Bitcoin-based layer 2 solutions is the Social Network, which is getting ready for its mainnet launch. InQubeta is another altcoin that has been […] The post Layer-2 Bitcoin Social Network Kicks Off Mainnet, Filecoin Rival on Whales’ Radar appeared first on CoinChapter.

Dogecoin (DOGE) Bounces Back: Analysts Eye $0.26 to $0.35 Range

Apr 15, 2024 | 12:00 pm

Even though the overall crypto market recently faced challenges, Dogecoin (DOGE) demonstrated remarkable resilience. DOGE rebounded strongly after a sharp decline during Bitcoin’s retracing to $60k. Even after peaking recently at $0.23, DOGE has since reverted but remains poised for potential rapid growth. As of the time of writing, Dogecoin is valued at $0.163637, with […]

Is Ethereum behind Render’s 18% rally?

Apr 15, 2024 | 12:00 pm

Increasing hype around DePIN-based projects makes RNDR one to watch.

Majority of Dogecoin, Shiba Inu and Pepe Holders Remain Profitable Despite Latest Crypto Correction: IntoTheBlock

Apr 15, 2024 | 11:45 am

Most investors who bought memecoins Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) continue to stay in profit despite a correction sweeping the crypto market, according to analytics firm IntoTheBlock. Following Bitcoin’s (BTC) correction from $72,750 to a low of $61,079 last week, data from IntoTheBlock shows that 85% of DOGE holders are still in […] The post Majority of Dogecoin, Shiba Inu and Pepe Holders Remain Profitable Despite Latest Crypto Correction: IntoTheBlock appeared first on The Daily Hodl.

Hong Kong Greenlights Initial Approval for Spot Bitcoin and Ethereum ETFs: Report

Apr 15, 2024 | 11:41 am

Regulators in Hong Kong have given their initial approval of new exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH). Hong Kong-based funds say regulators have approved spot BTC and ETH ETFs, according to a new CNBC report. According to the report, Hong Kong’s securities regulators, the Securities and Futures Commission (SFC), have approved three ETF […] The post Hong Kong Greenlights Initial Approval for Spot Bitcoin and Ethereum ETFs: Report appeared first on The Daily Hodl.

Xuirin Finance Unveils Innovative DeFi Card as Presale Stage 1 Sells Out

Apr 15, 2024 | 11:41 am

Blockchain startup Xuirin Finance has announced its DeFi card, following plans to revolutionize trading by merging it with the decentralized world of DeFi. Per the announcement, the DeFi card promises to seamlessly integrate cryptocurrencies into daily transactions, including online purchases, bill payments, and ATM withdrawals, thereby advancing the practicality of digital currencies in the global […]

Bitcoin’s Turning Point: Counting Down to the Most Important Halving in History

Apr 15, 2024 | 11:38 am

In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan [...] The post Bitcoin’s Turning Point: Counting Down to the Most Important Halving in History appeared first on Crypto Breaking News.

Dogecoin HODLers Stand Strong With 85% in Profit And Are Still Hesitant to Sell—is the $1 DOGE Price Near?

Apr 15, 2024 | 11:32 am

Dogecoin (DOGE) has defied market expectations, with a recent surge in wallet addresses indicating a growing interest in the meme-inspired cryptocurrency.

Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021

Apr 15, 2024 | 11:30 am

Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April [...] The post Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021 appeared first on Crypto Breaking News.

Is That Satoshi? — Bitcoin Wallet With Millions In BTC Suddenly Springs To Life After 14 Years Of Inactivity

Apr 15, 2024 | 11:18 am

A Bitcoin wallet associated with the early days of the crypto market has suddenly sprung back to life after several years of inactivity.

EOS Launches Wrapped RAM (WRAM) to Revolutionize Real-World Assets Tokenization

Apr 15, 2024 | 11:10 am

TL;DR EOS launches Wrapped RAM (WRAM) to tokenize RAM and increase liquidity. WRAM can be listed on external exchanges, expanding its visibility and tradability. WRAM offers operational flexibility and security under the direct management of EOS Block Producers. EOS has taken a significant step in tokenizing real-world assets within its ecosystem by introducing Wrapped RAM ... Read more

XRP Rebounds from $0.41 Support Level, Analysts Eyes $1.2 – $1.5 Range

Apr 15, 2024 | 11:07 am

Ripple (XRP) witnessed a significant downturn in line with the broader cryptocurrency market, particularly Bitcoin, retracing to a pivotal support level at $0.41. Following this retracement, XRP demonstrated resilience by rebounding decisively from this critical level. Despite the initial decline, XRP is signalling a potential upward trajectory. At the time of writing, the current price […]

Economist Alex Krüger Bullish on ‘Faster Horses’ Like Worldcoin and Four Altcoins, Predicts Ethereum All-Time High

Apr 15, 2024 | 11:05 am

Closely followed trader and economist Alex Krüger is predicting Ethereum (ETH) will reach new all-time highs (ATHs), while also eyeing up other altcoins. Krüger tells his 171,400 followers on the social media platform X that he “fully expects” new ATHs for ETH based on several fundamental reasons. “I fully expect ETH to trade ATH. I […] The post Economist Alex Krüger Bullish on ‘Faster Horses’ Like Worldcoin and Four Altcoins, Predicts Ethereum All-Time High appeared first on The Daily Hodl.

Solana Spikes 8% As Crucial Network Congestion Fix Is Deployed On Mainnet

Apr 15, 2024 | 11:04 am

Solana developers have released a new software update in response to the escalating congestion issues plaguing the popular network.

Toncoin Elbows Cardano from the Tenth Position After Hitting All-Time High as AI Crypto Inches Closer to Exiting Presale

Apr 15, 2024 | 11:00 am

Based on heightened speculations that Telegram might be eyeing an IPO, Toncoin (TON) has been scaling heights after recently hitting an all-time high (ATH) of $7.61. Meanwhile, Borroe Finance ($ROE) is appearing as a promising AI crypto that will revolutionize the Web3 sector by taming various short-term liquidity challenges. >>BUY $ROE TOKENS NOW<< Borroe Finance […] The post Toncoin Elbows Cardano from the Tenth Position After Hitting All-Time High as AI Crypto Inches Closer to Exiting Presale appeared first on CoinChapter.

Solana’s Mainnet Upgrade Targets Network Congestion Issues

Apr 15, 2024 | 10:48 am

To address the persistent congestion problems on the network, Solana has released an upgrade on mainnet beta. After the recent network congestion problems that delayed or failed 75% of transactions, the price and sentiment of Solana ecosystem tokens plummeted. Solana Status announced the mainnet upgrade for the Solana network, version

Quantum Temple’s NFT-enabled tourism transforms the travel industry

Apr 15, 2024 | 10:45 am

Quantum Temple is establishing a novel paradigm within the travel industry by integrating blockchain technology with heritage tourism. The enterprise has formed an alliance with Mysten Labs and the Ministry of Tourism and Creative Economy of Indonesia, Desa Manukaya Let. Collectively, they unveiled a Web3 travel experience centered around Pura Tirta Empul, an Indonesian UNESCO …

RWA Tokenization Protocol Grand Base (GB) Faces $1.7M Loss in Key Breach

Apr 15, 2024 | 10:42 am

TL;DR Exploitation of security at Grand Base results in losses of $1.7 million. The community is urged to avoid interacting with the affected contract and withdraw liquidity. Grand Base is collaborating with blockchain partners and analysts to recover funds and freeze accounts from hackers. In the recent news about the Grand Base asset tokenization platform, ... Read more

Immutable welcomes “The Fabled” for an innovative gaming launch

Apr 15, 2024 | 10:20 am

Immutable, a leading organization in the blockchain gaming sector, recently incorporated Octavian Studios. Former employees of renowned companies such as EA, Ubisoft, and Bandai Namco manage this game design studio. Immutable and Octavian Studios’ ongoing collaboration will serve as an initial stride toward the release of their highly anticipated game, The Fabled, a hybrid of …

Bag 30,000x ROI as BlockDAG launches V2 whitepaper and presale hits $17.3M

Apr 15, 2024 | 10:05 am

BlockDAG has recently catapulted to the forefront of the cryptocurrency market with the launch of […]

Bitcoin Falls Below $60k In 24-Hours As Altcoins Suffer 30%-50% Drops: Here’s Why

Apr 15, 2024 | 10:00 am

The crypto market took a major hit in the last 24 hours. Bitcoin fell below $60,000 while altcoins dropped between 30%-50%. This was an extremely rough time for crypto investors. According to analyst Ash Crypto, the reason behind this crash was the Iran drone attack on Israel. During times of war, commodities like oil and […]

Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming?

Apr 15, 2024 | 10:00 am

Dogecoin has been one of the best performers over the past year, consistently holding up gains even through market dumps. However, after the meme coin’s rally in March and then the subsequent dump in April, it looks like investors, especially whales, are finally getting ready to start taking profit. This is evidenced by a number [...] The post Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming? appeared first on Crypto Breaking News.

Hitmakr-Dmail Network partnership: Shaping the future of music industry

Apr 15, 2024 | 10:00 am

In a groundbreaking collaboration, Hitmakr, a leading music creation and distribution platform, has joined forces with Dmail Network, a decentralized communication platform, to catalyze a revolution in the music industry. This partnership promises to empower artists and revolutionize the creation, sharing, and monetization of music, marking a significant milestone in the intersection of technology and …

BlockDAG’s Impressive 400% Price Increase from $0.001 to $0.005 Outshines Toncoin Airdrop and Cosmos Trading

Apr 15, 2024 | 10:00 am

BlockDAG (BDAG) is setting a new standard for liquidity and trading efficiency in the cryptocurrency market. Focusing on stabilising the BDAG token’s price and enabling seamless transactions, BlockDAG stands out among its peers. Unlike traditional offerings, BlockDAG contrasts sharply with Toncoin and Cosmos, highlighting the advantages that BlockDAG offers investors. BlockDAG’s presale has reached impressive [...]

Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report

Apr 15, 2024 | 09:55 am

The founder of the decentralized finance (DeFi) protocol Curve (CRV) reportedly stared at the prospect of getting liquidated as the altcoin market collapsed during the weekend. According to crypto reporter Colin Wu, Curve founder Michael Egorov faced liquidation in his lending positions after Curve’s native asset dipped to $0.42. “Curve founder Michael Egorov also faced […] The post Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report appeared first on The Daily Hodl.

Bitcoin investors’ attention turns to Halving amid geopolitical relief

Apr 15, 2024 | 09:40 am

As global geopolitical tensions subside, the cryptocurrency market, and Bitcoin (BTC) in particular, are attracting a growing number of investors’ attention toward an imminent event: the Bitcoin halving. This news article provides an analysis of the Bitcoin halving, exploring its historical implications for market dynamics and the influence of recent geopolitical developments on investor sentiment …

Analyst Drives Investors’ Attention to Ethereum Altcoin That Could Follow Solana (SOL) and Provide 100x Gains

Apr 15, 2024 | 09:40 am

Chris Burniske has drawn parallels between the recent Celestia (TIA) movement and the meteoric rise of Solana (SOL) back in 2020. Burniske highlights the importance of understanding and tolerating downside swings in volatile assets like TIA. In a recent tweet, Venture capitalist Chris Burniske, a former crypto analyst at ARK Invest and current partner at [...]

Analyzing Dogecoin’s Recent Surge: Is $0.25 in Sight?

Apr 15, 2024 | 09:36 am

Dogecoin (DOGE) price is heating up with investors eyeing $0.25 in the next breakout as the memecoin turns bullish. The flagship memecoin continues to enjoy massive investor interest despite its reputation as a “joke.” Dogecoin (DOGE), the flagship memecoin and Elon Musk’s favorite cryptocurrency, is beginning to signal a bullish outlook. DOGE has become one [...]

Norway to Regulate Energy-Intensive Crypto Mining Activities

Apr 15, 2024 | 09:34 am

Norway plans to regulate cryptocurrency mining activities in the country by restricting data centers. Two government officials intend to propose a new law that will bring the data center industry under regulatory oversight for the first time in Norway.According to the media outlet VG, Norway's Digitalization Minister, Karianne Tung, and the Energy Minister, Terje Aasland, mentioned that this initiative is driven by the government's desire to control and limit projects deemed undesirable, such as cryptocurrency mining, which is associated with significant greenhouse gas emissions.Regulating "Unwanted" Crypto ActivitiesNorway will become the first country in Europe to implement comprehensive regulations for data centers, focusing on controlling energy-intensive activities like cryptocurrency mining. The expected regulation requires crypto mining operators to register with local authorities and disclose the services offered.Tung mentioned: “The government requires a registration obligation for who is behind the data center, who is the manager of the center, and an obligation to state which services are offered at the center. The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want.”JUST IN: 🇳🇴 Norway becomes the first country in Europe to introduce regulations for data centers aimed at controlling which projects are permitted.They state #Bitcoin mining “is an example of a type of business we do not want in Norway” 😮 pic.twitter.com/NjmiCdkhc1— Bitcoin News (@BitcoinNewsCom) April 15, 2024By mandating data center operators to disclose their activities, the Norwegian government aims to empower the relevant authorities to approve or reject projects based on their social and environmental impact.Greenhouse Gas Emission ConcernsAasland emphasized the importance of promoting socially beneficial data centers. In Norway, crypto mining is viewed as incompatible with the country's environmental goals. Aasland highlighted concerns about the industry's significant greenhouse gas emissions.He said: “This is incredibly important. It is very important to get a good overview of which services are offered in these data centers. It is the socially useful data center that we want. They are important for infrastructure.”Meanwhile, there are approximately four days until the much anticipated Bitcoin halving event occurs. Due to current high profits in the mining sector, analysts expect a slight drop of 5% to 10% in Bitcoin mining hashrate post-halving, according to a report by Finance Magnates. Some miners are reportedly planning to acquire more efficient equipment or diversify into other sectors after the halving.Meanwhile, Norway licensed BitPanda (a Vienna-based crypto exchange) last year, marking a significant milestone in the exchange’s European expansion efforts. BitPanda has already obtained licenses in Austria, Germany, Czechia, France, and Sweden. Besides that, the company obtained approval in Spain and entered the UK market by acquiring Trustology. This article was written by Jared Kirui at www.financemagnates.com.

Bullish Signal For Cardano (ADA): Plutus V2 Smart Contracts Surge

Apr 15, 2024 | 09:29 am

TL;DR Significant growth in Cardano’s Plutus V2 smart contracts during April. Reached more than 1,000 new contracts in one month. Mixed outlook in the cryptocurrency market in the face of ADA evolution. In the world of cryptocurrencies, technological evolution is a key factor for the competitiveness and relevance of a blockchain platform. In this sense, ... Read more

German investors investing in crypto before Bitcoin Halving: KPMG Study

Apr 15, 2024 | 09:17 am

Bitcoin tops the investor popularity chart, followed by Ethereum, and it symbolizes a robust preference for digital assets in 2024. According to KPMG, investor sentiment is back on track after a year of financial turbulence in the cryptocurrency market. The analysis, which surveyed around 2,400 private cryptocurrency investing enthusiasts across European countries, including Germany, Austria, …

Altcoin Market Cap Signals Potential Breakout Amid Historical Performance: Analyst’s Optimistic Prediction

Apr 15, 2024 | 09:00 am

Altcoins’ market cap signals a potential breakout in historical performance. In a tweet, MikybullCrypto, a well-known crypto analyst, stated that the altcoin market cap is “perfectly following the previous Alts season step” and that this is the “last shake-off before it rips explosively upward coupled with Bitcoin dominance downward trend. The chart suggests that the […]

Bitcoin Completes ‘End Run,’ Analyst Says – Here’s What It Means

Apr 15, 2024 | 09:00 am

Bitcoin (BTC) took a nasty spill over the weekend. Plunging to a gut-wrenching $60,850 before staging a partial recovery to hover around $64,500, this sudden price drop has left the crypto community scrambling for answers. Veteran trader Peter Brandt, known for his eagle eye on market patterns, has stepped into the ring to offer his [...] The post Bitcoin Completes ‘End Run,’ Analyst Says – Here’s What It Means appeared first on Crypto Breaking News.

Wormhole And Aptos Slide While Investors Take Hasty Positions To Claim Potential $RECQ Presale Gains

Apr 15, 2024 | 09:00 am

In the dynamic cryptocurrency world, where volatility and innovation collide, it is important to dive into the latest trends shaping the market. This analysis zooms in on three significant digital assets: Wormhole (W), Aptos (APT), and Rebel Satoshi ($RBLZ), each offering a unique narrative within the crypto landscape. Here is why Wormhole and Aptos investors […] The post Wormhole And Aptos Slide While Investors Take Hasty Positions To Claim Potential $RECQ Presale Gains appeared first on CoinChapter.

Explore the top 4 Altcoins in 2024 that can help investors achieve their retirement goals

Apr 15, 2024 | 08:55 am

The crypto market is filled with exciting opportunities, and the fourth Bitcoin Halving event will result in a fresh, bullish market. Statistically, trends suggest that crypto-halving events often result in extended stages of positive market performances, mainly benefiting altcoins. In the current bullish environment, the top four altcoins are expected to shine and let investors …

Stader offers highest rewards for one-click Eth liquid staking on Ledger Live

Apr 15, 2024 | 08:45 am

Over $25Mn already staked with Stader by Ledger users. Boosted flat 10% staking rewards for […]

Vitalik Buterin’s Surprise Support Sends Railgun (RAIL) Soaring: A New Altcoin on the Rise

Apr 15, 2024 | 08:38 am

TL;DR Vitalik Buterin surprised the market by endorsing the new altcoin Railgun (RAIL), resulting in a 240% increase in its price. Buterin praised RAIL’s innovative privacy pools protocol that allows for private transactions. Before his public endorsement, he transferred 100 ETH (approximately $325,000) to the protocol and had been interacting with the project for the ... Read more

Analyst predicts one profitable Memecoin and Altcoin: Prophecy comes true

Apr 15, 2024 | 08:35 am

If you have been looking for the next meme coin buzz in town, this is the right destination to halt. Amidst the anticipated bitcoin halving, which is just a few days ahead, altcoin prices have taken a dip. On April 14th, as crypto enthusiasts went on the X platform looking to get a closer view …

UK Finance Taps R3 and Quant for Financial Technology Experimentation

Apr 15, 2024 | 08:35 am

R3, an enterprise distributed ledger technology and services firm, along with Quant, have been designated to develop the technology prototype for the experimental phase of the UK’s Regulated Liability Network (UK RLN). This initiative, spearheaded by UK Finance and supported by EY, aims to establish a common platform for innovation across various forms of currency, including traditional bank deposits and tokenized assets.Participants Join UK RLN for Financial TransformationThe UK RLN is a collaborative effort involving multiple stakeholders within the financial services industry, seeking to explore avenues for users to conduct payments, transactions, and settle liabilities in the digital market landscape. Noteworthy participants in the UK RLN include institutions, such as Barclays, Citi, HSBC, and others, supported by advisory and technology partners like EY, Linklaters, R3, Quant, DXC Technology, and Coadjute.R3 brings its expertise in delivering sophisticated projects for regulated markets, offering critical shared ledger capabilities through its Corda platform and Digital Currency solution. Quant's role involves facilitating programmability and interoperability across different monetary forms, leveraging its Overledger platform to provide orchestration and API integration.We’re proud to announce that – together with @inside_r3 - we have been selected to produce the technology prototype for the experimentation phase of the UK’s #RegulatedLiabilityNetwork, led by @UKFtweets and supported by @EYnews.#IFGS2024https://t.co/yfGvaRPVkt— Quant (@quant_network) April 15, 2024Global Banks to Test Diverse Payment Use CaseThe project will leverage the insights and experience of major global banks and institutions to test various retail and wholesale payment use cases, encompassing areas, such as delivery vs payment, e-commerce, bond issuance, and card gateway integration. Additionally, the project will incorporate Coadjute’s Home Purchasing Business Application, a property market infrastructure and settlement model built on R3’s Corda platform.“We live in a digital age, in which people and companies expect digital finance to operate globally at speed, with better security and at scale, but our legacy payments and financial infrastructure has not kept up. As the UK seeks a leadership position in financial markets, projects like the RLN highlight the central role that shared ledgers will play in this transition and offer a model we can extend to other markets,” said Gilbert Verdian, the CEO and Founder at Quant. This article was written by Tareq Sikder at www.financemagnates.com.

Chainlink CCIP Enables DinariGlobal’s USD+ Stablecoin Cross-Chain Transfers on Arbitrum and Ethereum

Apr 15, 2024 | 08:26 am

Dinari Global has successfully integrated Chainlink CCIP across the Arbitrum One and Ethereum mainnets, enabling seamless cross-chain transfers. The decision to adopt Chainlink’s CCIP underscores Dinari’s commitment to security and reliability in the Web3 ecosystem. In the latest development, Dinari Global announced the successful integration of Chainlink CCIP, the leading industry standard for secure cross-chain [...]

XRP (XRP) Price Prediction 2024, 2025, 2026-2030

Apr 15, 2024 | 08:16 am

In this XRP (XRP) price prediction for 2024, 2025-2030, we will analyze the price patterns of XRP by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION XRP (XRP) Current Market Status What is XRP (XRP)? XRP (XRP) 24H Technicals XRP

9 Altcoins to consider during the crypto market downturn

Apr 15, 2024 | 08:15 am

A popular crypto YouTuber and analyst, Matt, revealed the top 9 altcoins in 2024 that will bring potentially high returns even as the crypto market faces a major downtown. Matt is optimistic about the following altcoins, considering their historical market behavior, and is expecting 100x gains for almost all altcoins mentioned below – Solana – …

Navigating the crypto exchanger landscape in 2024: A guide to making informed choices

Apr 15, 2024 | 08:15 am

In the ever-evolving landscape of crypto trading, choosing the right exchange is paramount to success. […]

Toncoin (TON) Price Prediction 2024, 2025, 2026-2030

Apr 15, 2024 | 08:11 am

In this Toncoin (TON) price prediction for 2024, 2025-2030, we will analyze the price patterns of TON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Toncoin (TON) Current Market Status What is Toncoin (TON)? Toncoin (TON) 24H Technicals TONCOIN

Fetch.ai (FET) Price Prediction 2024, 2025, 2026-2030

Apr 15, 2024 | 08:08 am

In this Fetch.ai (FET) price prediction for 2024, 2025-2030, we will analyze the price patterns of FET by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Fetch.ai (FET) Current Market Status What is Fetch.ai (FET)? Fetch.ai (FET) 24H Technicals FETCH.AI

Germany’s $355,000,000,000 Bank LBBW to Offer Bitcoin, Ethereum, XRP, and Crypto Custody Services

Apr 15, 2024 | 08:04 am

This move reflects the increasing demand for digital assets among corporate customers, with LBBW aiming to support their individual crypto strategies. The cryptocurrency landscape in Germany is evolving rapidly, with banks and asset managers gearing up for forthcoming EU regulations such as the MiCA framework. In the latest development, Germany’s largest federal bank, Landesbank Baden-Württemberg [...]

Telegram-Linked Toncoin On The Cusp Of Surpassing Ripple’s XRP As TON Becomes 8th-Largest Crypto

Apr 15, 2024 | 08:03 am

Since March, Toncoin has maintained impressive momentum, catching industry experts' attention as a cryptocurrency worth closely monitoring in the coming weeks.

Ethereum Finds Support After Price Plunge, But Analyst Cautious on Strong Rebound

Apr 15, 2024 | 08:00 am

The Ethereum (ETH) price reached a support zone between $3050 and $3150 after a substantial 10% decline occurred yesterday. This downward movement aligns with completing an ascending harmonic pattern on the chart. However, a pseudonym crypto analyst expresses skepticism about witnessing a strong upward momentum or substantial growth in the near future, citing the general […]

Consumers must be notified of AI-generated content under Pennsylvania’s new bill

Apr 15, 2024 | 08:00 am

The new bill passed with a 146-54 vote but is opposed by tech giants and a local business lobby group that claims to be unclear about the enforcement. [...] Read More... The post Consumers must be notified of AI-generated content under Pennsylvania’s new bill appeared first on CoinGeek.

Stablecoin airdrops could become the latest trend for BNB-based start-ups

Apr 15, 2024 | 08:00 am

Octoblock’s trendsetting stablecoin airdrop approach could spill over to BNB-based projects and become the norm in future airdrops. Octoblock has stirred thoughts of startups by leveraging the stability of stablecoins as rewards to incentivize users. Stablecoin airdrops Octoblock is living up to its tag ‘’DeFi 2.0’’ through its new DeFi trends. Its strategies have aroused …

Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

Apr 15, 2024 | 08:00 am

Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder whales [...] The post Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales appeared first on Crypto Breaking News.

DOGE and Bitcoin Cash Investors Assess Options for Bigger Cashout; $RECQ Presale Stands Out With Immense Potential

Apr 15, 2024 | 08:00 am

Dogecoin (DOGE) has evolved from a meme token to a serious player in crypto, driven by community, humor, and speculation (“DOGE Fever”). It utilizes Litecoin’s blockchain for efficient transactions. Bitcoin Cash (BCH) experienced a price spike after its halving event, rising by 10%. Its future price dynamics are uncertain as Bitcoin (BTC) gears up for [...]

Cardano’s Hydra Scaling Solution Soars with Latest v.0.16.0 Release

Apr 15, 2024 | 07:59 am

Last week, Cardano released Hydra v.0.16.0, the latest version of the scaling solution that supports cardano-node v.8.9.0 and the corresponding Conway block format. Other developments included a new version of the Lace wallet, while the Mithril team furthered its work in scaling the signature and proof generation for the mainnet. The Cardano ecosystem continues to [...]

SimpleMiners Using User-Friendly Solutions to Revolutionize Crypto Mining

Apr 15, 2024 | 07:51 am

Conventional cryptocurrency mining methods can be quite costly in terms of expensive computer equipment and the substantial electricity consumption involved. This can pose challenges when it comes to maintenance and ensuring profitability. Novice users might find cloud-based software more suitable, as it eliminates the need for specialized mining equipment and is designed for simpler CPU […]

Uniswap Boosts Trading Fees Amid SEC Scrutiny: Fees Increased to 0.25%

Apr 15, 2024 | 07:46 am

Uniswap has hiked a majority of its swap fees by 66%, with experts noting that the move is to marshall up enough funds to defend itself against an impending lawsuit by the SEC. The agency issued a Wells Notice to the decentralized exchange last week, with founder Hayden Adams revealing on Friday that he intends [...]

NEO rebounds past $22.8 as this meme coin presale surges past $4.8 million

Apr 15, 2024 | 07:20 am

NEO surges past $22.8 amid broader crypto market recovery. Kangamoon integrates SocialFi, Play-to-Earn, with $KANG tokens for community engagement. $KANG token presale exceeds $4.8M, with 32.4% sold. NEO, one of the leading altcoins, has made a significant rebound, surging past the $22.8 mark. This surge comes amid a broader recovery in the crypto market, particularly […] The post NEO rebounds past $22.8 as this meme coin presale surges past $4.8 million appeared first on CoinJournal.

Top 3 Memecoin Sector Performers Amid Israel-Iran De-Escalation

Apr 15, 2024 | 07:16 am

LUCKNOW (CoinChapter.com) — As tensions between Israel and Iran began to subside, the memecoin market witnessed a remarkable surge in activity. Today, the overall market of all Meme Tokens reached a market cap of $52.30 billion, which is up by 5.7% in the last 24 hours. So, here are the top 3 meme coin performers contributing […] The post Top 3 Memecoin Sector Performers Amid Israel-Iran De-Escalation appeared first on CoinChapter.

Hong Kong Bitcoin ETF Approval Sparks $25 Billion Surge in Demand from China

Apr 15, 2024 | 07:07 am

Hong Kong, an economic powerhouse and gateway for Chinese investments abroad, is poised to surge in Bitcoin (BTC) demand if a spot Bitcoin exchange-traded fund (ETF) receives approval. This development could unleash a massive $25 billion inflow from mainland China, facilitated by the Southbound Stock Connect program. The Southbound Stock Connect program bridges the gap […]

Beyond Tribalism: The Synergistic Future of Bitcoin and Ethereum

Apr 15, 2024 | 07:03 am

Tribalism has existed for as long as tribes themselves. For as long as humans have been organizing into social groups, we’ve been hating on the group in the next valley. Even though we have much more in common with them than we would care to admit. It is not surprising therefore that bitcoiners and ethereans [...] The post Beyond Tribalism: The Synergistic Future of Bitcoin and Ethereum appeared first on Crypto Breaking News.

Top Crypto News Of The Day: Spot Ether ETF, Solana Fix, And More

Apr 15, 2024 | 06:54 am

Here are the top crypto news of the day curated by CoinChapter.com. The post Top Crypto News Of The Day: Spot Ether ETF, Solana Fix, And More appeared first on CoinChapter.

Investor Sentiment Wavers: Digital Asset Outflows Reach $126M Amidst Stalling Prices, ETH Hit Hardest

Apr 15, 2024 | 06:48 am

TL;DR Investor Hesitancy: Digital assets experienced minor outflows of $126 million last week, with Ethereum (ETH) facing the largest withdrawal of $29 million, marking its fifth consecutive week of outflows. Altcoins Attract Funds: Despite the overall outflow, alternative cryptocurrencies like Decentraland, Basic Attention Token, and LIDO saw inflows totaling $9.6 million. Trading Volume Insights: Trading ... Read more

This Will Be A Historic Week For Cryptocurrencies: Here’s What’s Happening In The Coming Days

Apr 15, 2024 | 06:39 am

TL;DR Bitcoin and other cryptocurrencies suffer sharp declines due to geopolitical tensions between Israel and Iran. The fourth Bitcoin halving is scheduled for April 19, 2024, reducing the block reward from 6.25 to 3.125 BTC. Bitcoin, Injective, Dogecoin, and Stacks are gearing up for key events in the coming days. The cryptocurrency industry faced a ... Read more

The Rise of Cryptocurrency in Online Casino Gambling

Apr 15, 2024 | 06:29 am

Step into the digital arena of online casino gambling, and you’ll witness an evolution powered by the emergence of cryptocurrency. This mix of two dynamic worlds has ushered in a new era, redefining how players engage with their favorite games and how operators conduct transactions. Cryptocurrency’s rise in online gambling isn’t merely a trend, it’s […] The post The Rise of Cryptocurrency in Online Casino Gambling appeared first on CoinChapter.

Dogecoin (DOGE) Shows Resilience Amid Market Turmoil: Eyes Set on $0.26 to $0.35 Surge

Apr 15, 2024 | 06:19 am

Despite the tumultuous conditions in the overall market, Dogecoin (DOGE) has demonstrated remarkable resilience, holding its position firmly while Bitcoin witnessed a significant downturn, retracing to $60k. Despite a recent peak at $0.23, Dogecoin has since reverted yet remains poised for potential rapid growth. As of the time of writing, the current price of Dogecoin […]

Germany’s largest federal state bank partners with Bitpanda

Apr 15, 2024 | 06:05 am

Germany’s LBBW bank and crypto exchange Bitpanda have announced a partnership. The federal bank will use Bitpanda’s technology to develop its own custody solution for crypto. Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has partnered with Austria-based crypto exchange Bitpanda as it looks to launch its crypto custody services. In the announcement shared on Monday, […] The post Germany’s largest federal state bank partners with Bitpanda appeared first on CoinJournal.

This Could Be Massive For Crypto: Hong Kong Greenlights Bitcoin and Ethereum ETFs

Apr 15, 2024 | 06:00 am

TL;DR The Securities and Futures Commission in Hong Kong has approved some Bitcoin and Ethereum ETFs (exchange-traded funds), marking a significant step for the cryptocurrency market in the region. This approval is the first of its kind in Asia, allowing investors to directly invest in real Bitcoin and Ethereum through Spot Bitcoin ETFs, which offer a ... Read more

Atlantic Council calls for global interoperability standards for CBDC

Apr 15, 2024 | 06:00 am

The Atlantic Council emphasized the need to implement global interoperability standards around CBDC, which is crucial to ensure that the technology can be trusted and foster financial inclusion. [...] Read More... The post Atlantic Council calls for global interoperability standards for CBDC appeared first on CoinGeek.

Crypto Market Comes Roaring Back As Hong Kong Approves Spot Bitcoin, Ether ETFs

Apr 15, 2024 | 05:57 am

This rebound comes as several local issuers in Hong Kong revealed Monday that they'd been approved for spot crypto exchange-traded funds (ETFs).

Solana DEXs Trading Volumes Soar Amid Mainnet Beta Update

Apr 15, 2024 | 05:39 am

TL;DR Solana now recommends the use of its v1.17.31 update, aimed at addressing recent network congestion issues. Trading volume in SOL-based DEXs has surpassed $1 billion. The growth of DEXs is partly due to the overwhelming success of SOL-based memecoins. Solana has experienced a significant increase in trading volume in DEXs following a major beta ... Read more

Bitcoin Halving Countdown: What Is Ahead?

Apr 15, 2024 | 05:38 am

Less than ten days remain until the most important event in the cryptocurrency sector: Bitcoin's halving. This event is expected to have a major impact on the sector due to recent developments surrounding the leading digital asset. Some of these developments include the emergence of spot Bitcoin exchange-traded funds (ETFs) and the evolving regulations for digital assets.How Bitcoin Halving WorksBitcoin's deflationary model depends on the upcoming halving event, which occurs approximately every four years. This process reduces the block reward by half, limiting the supply of new tokens. With each halving, the number of Bitcoins in circulation becomes scarce.The impending halving will reduce the block reward from 6.25 Bitcoins to 3.125 Bitcoins. Historically, halving events have led to a surge in the price of Bitcoin. Additionally, the anticipation preceding the event often triggers heightened trading activity and price volatility. According to Binance's countdown, there are four days left before the halving event, although it is difficult to predict the exact date.Bitcoin's Hashrate ResilienceAccording to a report by Coindesk, analysts predict a modest decrease of between 5% and 10% in Bitcoin mining hashrate after the halving event. This is attributed to the current high profitability in mining and the rapid adoption of efficient mining equipment. Despite short-term dips, the hashrate is expected to swiftly rebound, reflecting the resilience of the industry. Miners using high-cost equipment are under pressure to upgrade to more efficient models to maintain profitability. The introduction of newer and more energy-efficient machines will necessitate a shift in strategy. Thus, it is important for miners to adapt to the evolving market dynamics. Some miners are reportedly considering diversifying into other sectors, reflecting the competitive nature of the mining industry. Additionally, there's a trend towards geographical decentralization, with miners exploring new, cost-efficient locations for mining operations. The impact of the Bitcoin halving is beyond price movements, transaction volumes, market sentiment, and investment trends.Mining Sector: Preparing for the 2024 HalvingHalving brings opportunities and challenges to crypto exchanges. The reduced supply of new Bitcoins could result in increased demand for crypto assets and lead to bullish sentiment and price volatility. However, crypto exchanges must ensure sufficient liquidity to accommodate heightened trading activity, optimize trading algorithms, and keep users informed about market disruptions.As the 2024 halving approaches, investors should monitor important metrics such as on-chain activity, exchange withdrawals and deposits, and ETF inflows. These indicators provide insights into market sentiment and the trajectory of Bitcoin's price movements.Market PredictionsRecently, the renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, made an optimistic prediction about the future price of Bitcoin. According to Kiyosaki, Bitcoin could reach $100,000 by September. Kiyosaki's forecast came amidst global economic instability and concerns over mounting debt issues, particularly in the United States, China, Japan, and Germany.Kiyosaki's bullish outlook on Bitcoin is expressed in his analysis of the current global economic landscape. He highlighted various factors contributing to financial instability, including the United States' massive debt burden, China's troubled property market, and economic challenges faced by Japan as well as Germany. Moreover, Kiyosaki highlighted concerns, such as consumer reliance on credit cards, the precarious state of banks, and the looming global conflicts. In his view, these economic challenges underscore the need for alternative investment strategies.I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year. I…— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024Minimal Impact on Bitcoin PriceDespite the anticipation, the impact of Bitcoin halving on prices may be minimal due to already low issuance rates. While the event may stimulate increased demand and media attention, its effect on supply dynamics is diminishing, suggesting a modest relationship between halving events and market trends.Meanwhile, a report by Cointelegraph highlighted that market analysts are increasingly optimistic about Bitcoin's long-term trajectory. Bitcoin's current price, currently above $66,000, has attracted bullish predictions. Analysts are projecting a potential surge of over 160% to reach a peak surpassing $150,000.Despite this optimism, there are concerns about built-up selling pressure attributed to Bitcoin's recent all-time high before the halving. Arthur Hayes, the Co-Founder of BitMEX, has warned of a potential price slump during the halving period due to the Federal Reserve's quantitative tightening measures. However, amidst these uncertainties, the role of Bitcoin ETFs in driving the cryptocurrency's price rally cannot be understated. These ETFs have amassed a significant portion of Bitcoin's circulating supply, with recent data indicating substantial net inflows. This article was written by Jared Kirui at www.financemagnates.com.

Memecoins Rebound After Weekend Selloff as Iran-Israel Tensions Ease

Apr 15, 2024 | 05:13 am

After a turbulent weekend fueled by escalating tensions between Israel and Iran, memecoins show signs of recovery, suggesting a renewed risk appetite among investors. The global crypto market cap has risen to $2.43 trillion, marking a 3.89% increase in the last day. Specifically, the memecoin market cap today stands at $54.4 billion, reflecting a significant rebound of 12.2% in just 24 hours. The post Memecoins Rebound After Weekend Selloff as Iran-Israel Tensions Ease appeared first on CoinChapter.

OKX Joins Memecoin Craze: Introduces WIF and MEW Spot Trading with Rapid Deposits and Withdrawals

Apr 15, 2024 | 05:01 am

TL;DR OKX, a leading cryptocurrency exchange, has listed two new memecoins, WIF (DogWifHat) and MEW (Cat in a Dog’s World), for spot trading, expanding its offerings, and catering to the growing interest in memecoins. Both WIF and MEW are based on the Solana blockchain, known for its high speed and low transaction costs, and are rapidly expanding with daily ... Read more

Tether Unveils Game-Changing Fully Non-Custodial Tokenization Platform: ‘A Masterpiece’

Apr 15, 2024 | 04:38 am

TL;DR Tether announces a new non-custodial tokenization platform for total control of digital assets. It will focus on providing maximum security and compatibility with multiple blockchains. Tether will incorporate a tokenization tool for futures, options, and commodities. Tether, the issuer of USDT, has announced the launch of a non-custodial tokenization platform designed to offer users ... Read more

Minister Reveals When the UK Will Introduce New Cryptocurrency Regulation

Apr 15, 2024 | 04:06 am

The United Kingdom is gearing up to introduce new legislation for cryptocurrencies and stablecoins by June or July 2024, according to the Economic Secretary, Bim Afolami. Speaking at the Innovate Finance Global Summit on Monday, Afolami stated that the government is working swiftly to deliver the legislation that will put the final proposals for the crypto regulatory regime in place.UK Set to Introduce New Crypto and Stablecoin Regulations by Mid-2024"We are now working at pace to deliver the legislation to put our final proposals for our regime in place," Afolami said during the Innovate Finance Global Summit.The announcement comes after the UK passed the Financial Services and Markets Act in June 2023, which enabled cryptocurrencies to be treated as regulated financial activities.“Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time,” the Economic Secretary added.JUST IN: UK plans to unveil new crypto and stablecoin regulations by July, announces government minister. 🇬🇧💼 #UK #CryptoRegulation— Breaking Whale (@BreakingWhale) April 15, 2024The government has expressed its intention to make the UK a preferred destination for the crypto industry and plans to bring relevant activities under the purview of the Financial Conduct Authority (FCA). In the meantime, new regulations concerning the promotion of digital assets have come into effect in the country.“While it remains to be seen exactly what new regulation may look like and how it will be enforced, it’s inevitable that the future of crypto lies within far more regulated and supervised parameters,” Duncan Ash, the Head of Strategy at blockchain protection firm Coincover commented in an op-ed article for Finance Magnates.Regulatory Winds of ChangeUnder the new regulations, a wide range of crypto asset activities will fall within the regulatory perimeter for the first time, including operating an exchange, custodial services, and other related activities. The FCA will soon consult on an authorization regime for crypto companies, and the government also plans to formulate equivalence measures for overseas firms.The UK government has taken a phased approach to introducing crypto regulations, with legislation for fiat-backed stablecoins being the first priority. Other areas, such as algorithmic stablecoins, will follow as the government brings activities like lending and trading into the fold of conventional financial regulation.Despite the government's efforts to create a crypto-friendly environment, the UK industry has faced some challenges. Crypto firms have complained about delays and poor feedback from the FCA, and recently introduced rules restricting crypto promotions have led some well-known firms to cut UK services altogether. According to data from February 2024, the market watchdog issued over 450 alerts on illegal crypto ads in just three months.In Europe, Poland is additionally preparing to regulate cryptocurrencies later this year. Under new laws, the local financial supervisory authority, KNF, will be allowed to block the cryptocurrencies of companies and users for 96 hours in cases of mere suspicion of unregulated trading. This article was written by Damian Chmiel at www.financemagnates.com.

From vision to reality: Block Dojo Philippines first cohorts present ventures at investors night

Apr 15, 2024 | 04:00 am

Block Dojo Philippines marks a significant milestone as the first set of cohorts graduated at the much-anticipated Block Dojo Philippines Investors Night. [...] Read More... The post From vision to reality: Block Dojo Philippines first cohorts present ventures at investors night appeared first on CoinGeek.

LBBW Announces Partnership with Bitpanda for Crypto Custody Services

Apr 15, 2024 | 02:28 am

Landesbank Baden-Württemberg (LBBW), Germany's state-backed lender, has unveiled plans to venture into cryptocurrency custody services. In a strategic move, LBBW has announced a partnership with the Austrian exchange platform Bitpanda to facilitate this initiative.Expansion into Cryptocurrency CustodyThis collaboration aims to provide LBBW with the necessary infrastructure for "Investment-as-a-Service," enabling the storage and procurement of various cryptocurrencies, including bitcoin and ether."By offering crypto-asset custody, we are positioning ourselves with a clear added value for our corporate clients – while ensuring the highest security standards," Stefanie Münz, the Member of the LBBW Board of Directors responsible for Finance, Strategy and Operations, said in a press statement. "Bitpanda provides the necessary technical and regulatory infrastructure to offer our customers innovative and, above all, secure solutions in the area of digital assets."New partnership alert: Bitpanda x LBBW 🤝Landesbank Baden-Württemberg, Germany's largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!Bitpanda Technology Solutions provides LBBW with an "Investment-as-a-Service" infrastructure in… pic.twitter.com/hIwNXp9Wp4— Bitpanda (@Bitpanda_global) April 15, 2024Services to Launch for Corporate Clients in 2024Initially, the crypto custody services will be targeted towards corporate clients, with a market launch scheduled for the latter half of 2024. This reflects the increasing interest and demand for cryptocurrency-related services within the financial sector."The demand from our corporate customers for digital assets is increasing. We are convinced that crypto assets will establish themselves as a building block for further business models. With the cooperation, we are creating the technical and regulatory basis at an early stage to best support the individual crypto strategies of our corporate customers," said Jürgen Harengel, the COO of Corporate Bank at LBBW.Earlier, Bayern Munich, the German football club, announced a multi-year partnership with Bitpanda, as reported by Finance Magnates. Bitpanda has become the club's platinum partner and official crypto trading sponsor. The partnership was revealed at Bayern's home stadium, the Allianz Arena, during a match against TSG Hoffenheim on January 12 this year. This article was written by Tareq Sikder at www.financemagnates.com.

Swiss Bank tokenization event hears optimism, concerns from leading banking institutions

Apr 15, 2024 | 02:00 am

While some experts believe tokenization has an array of positive global impacts, others cautioned of its potential to throw efforts to achieve financial inclusion into disarray. [...] Read More... The post Swiss Bank tokenization event hears optimism, concerns from leading banking institutions appeared first on CoinGeek.

Xuirin Finance a pioneer for DeFi Card – Presale Stage 1 Sold out

Apr 15, 2024 | 01:38 am

Bankstown, Australia, April 15th, 2024, Chainwire Xuirin Finance has recently presented its DeFi card, an innovative solution designed to merge the functionalities of traditional debit and credit cards with the decentralized financial services provided by DeFi. The introduction of this card aims to facilitate daily transactions using cryptocurrencies, enhancing their integration into the global payment […] The post Xuirin Finance a pioneer for DeFi Card – Presale Stage 1 Sold out appeared first on CoinJournal.

Toncoin Outperforms Bitcoin, TON Price Indicators Signal Fresh Rally

Apr 15, 2024 | 00:12 am

Toncoin outperformed Bitcoin and remained stable above $6.20. TON price is up over 15% and it could continue to move up to $8.00. The post Toncoin Outperforms Bitcoin, TON Price Indicators Signal Fresh Rally appeared first on CoinChapter.

Blockchain infrastructure and development for the era of utility

Apr 15, 2024 | 00:00 am

As the era of frenzy speculation closes, the age of blockchain utility is taking shape, and the London Blockchain Conference 2024 looks to highlight this in a series of discussions and debates. [...] Read More... The post Blockchain infrastructure and development for the era of utility appeared first on CoinGeek.

Bitcoin and Ethereum Plunge Amid Heightened Geopolitical Tensions

Apr 14, 2024 | 23:54 pm

NAIROBI (CoinChapter.com) — The cryptocurrency market has been hit by a significant downturn, with both Bitcoin and Ethereum experiencing substantial price drops. The global cryptocurrency market cap currently stands at $2.46 Trillion, a 4.5% decline in the last 24 hours. Bitcoin and Ethereum Prices Plunge Amid Geopolitical Conflict Bitcoin, the flagship cryptocurrency, saw a sharp decline […] The post Bitcoin and Ethereum Plunge Amid Heightened Geopolitical Tensions appeared first on CoinChapter.

Winklevoss Twins Now Own an English Football Club

Apr 14, 2024 | 23:48 pm

The blend of cryptocurrency and sports sponsorship has become crazier as Real Bedford, a non-league English football club, received $4.5 million investment in Bitcoin from Cameron and Tyler Winklevoss, the twins who founded the crypto exchange Gemini.An Investment towards OwnershipFollowing the investment, the Winklevoss twins will share the ownership of the club with the crypto-focused podcaster Peter McCormack, who bought the club in his hometown of Bedford in 2021. McCormack aims to take the club to the Premier League level and make it play with the country's big names, like Manchester United and Chelsea FC. Currently, Real Bedford is playing in the ninth division of the English leagues. Its social following is limited, with only 18.5k followers on Twitter and about 3,650 followers on Instagram.Being a proponent of Bitcoin, McCormack enabled payment for game day tickets, merchandise, sponsorships, and beverages with Bitcoin. “This has been a great few years for the club as we hit all of our growth goals and supported the community in a sustainable way,” said McCormack. “The demands of a fast-growing club are significant, and the backing from Tyler and Cameron will allow us to continue investing in Bedford and the local community.”.@Cameron and @Tyler Winklevoss invest in Real Bedford becoming co-owners with @PeterMcCormackTheir $4.5M in #Bitcoin into Real Bedford FC is the largest investment ever made into a football club in the UK outside of professional leagues We are… pic.twitter.com/5fbvfACoBH— Gemini (@Gemini) April 12, 2024Sponsor to OwnerBefore investing in becoming the co-owners, the Winklevoss twins sponsored the local football club at Bedford, a town with a population of 200,000. However, compared to a few other big crypto brands, Gemini's sports presence is limited. Apart from the English football club, the crypto exchange sponsored the Oxford-Cambridge Boat Race and Ava Keenan, a 12-year-old skier.“We share in Peter’s deep conviction in Bitcoin and its ability to supercharge RBFC’s quest to make it into the Premier League,” said Tyler Winklevoss. “Since our first conversation more than two years ago, Peter has proven he knows how to build a successful club, and we’re excited to work alongside him as co-owners.” This article was written by Arnab Shome at www.financemagnates.com.

World Bank exploring Swiss franc digital bond settling in wholesale CBDC

Apr 14, 2024 | 22:00 pm

Building on two previous digital bond issuances, the World Bank says the next logical step is to issue one that’s settled with a central bank digital currency. [...] Read More... The post World Bank exploring Swiss franc digital bond settling in wholesale CBDC appeared first on CoinGeek.

XRP Poised For $33 Billion Bull Shock Amid Ripple CEO Eying Doubling Of Crypto Market Before 2025

Apr 14, 2024 | 14:55 pm

The Ripple CEO expressed his “keen optimism” on several macroeconomic trends in the cryptoverse as key factors for a massive bull run.

Cardano Founder Goes Headfirst Against FUD Amid Major Incoming ADA Upgrades

Apr 14, 2024 | 14:38 pm

Cardano’s founder Charles Hoskinson has hit out at critics poking holes into the network’s long-term future, citing its decentralization and innovative streaks as positives.

Generational Wealth: Can Option2Trade (O2T), Bitcoin, Ethereum Create Waves For Years to Come?

Apr 14, 2024 | 13:33 pm

Bitcoin (BTC), Ethereum (ETH), and Option2Trade (O2T) are emerging as foundational assets capable of creating generational wealth. This analysis explores the viability of these cryptocurrencies as long-term assets and their potential to reshape planning and economic futures. Through “The Pillars of Crypto Wealth,” “Long-Term Strategies,” and “The Future of Planning with Crypto,” this article will […]

Dogwifhat Profits Flow Into New Competitor Shiba Budz (BUDZ) Priced $0.04

Apr 14, 2024 | 13:28 pm

In the dynamic world of cryptocurrency, new projects often emerge to challenge established players and offer innovative solutions to existing problems. One such newcomer is Shiba Budz (BUDZ), a rising star in the DeFi space that aims to revolutionize the way users interact with digital assets. As profits from Dogwifhat (WIF) flow into this new […]

ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

Apr 14, 2024 | 12:17 pm

ORDI, Fantom (FTM), and Aave were among the worst performers in the crypto industry during the weekend as the crypto sell-off intensified. The ORDI token crashed by over 15% in the past 24 hours and has retreated by over 50% from its highest point this year. Fantom, on the other hand, crashed by over 8% in the […] The post ORDI, Fantom, Aave prices lead losses as BitBot defies gravity appeared first on CoinJournal.

Borroe Finance Presale On The Brink Of Huge Gains, Lures AVAX And TON Holders For More Gains

Apr 14, 2024 | 11:00 am

While Avalanche (AVAX) eyes for a bounceback, Toncoin (TON) just hit an all-time high with even greater potential to upswing momentum. However, Borroe Finance ($ROE) has become a prime selection of investors as it prepares for mainstream launch. $ROE is on the brink of giving huge profits as it soon concludes its presale. Let’s find […] The post Borroe Finance Presale On The Brink Of Huge Gains, Lures AVAX And TON Holders For More Gains appeared first on CoinChapter.

PEPE Insider Tips: Investing Wisely in the Era of 100X Cryptos, Pepecoin Price Prediction

Apr 14, 2024 | 10:30 am

The allure of achieving exponential gains, like the coveted 100X returns, drives intense investor interest. Pepecoin (PEPE) has emerged as a notable player in this high-stakes arena, capturing the attention of investors seeking substantial growth. As the buzz around potential 100X cryptos like Pepecoin (PEPE) and Shiba Budz (BUDZ) grows, it’s crucial to navigate this […] The post PEPE Insider Tips: Investing Wisely in the Era of 100X Cryptos, Pepecoin Price Prediction appeared first on CoinChapter.

Andre Cronje’s Take on Solana’s Issues, Profitable Horizons for Quant Competitor

Apr 14, 2024 | 10:00 am

Solana (SOL) has been one of the best altcoins to invest in for the past 12 months, thanks to its 758% growth. However, it ran into some struggles in the past week, leading to a 5% loss in value. Some crypto analysts, like Andre Cronje, the co-founder of Fantom (FTM), have blamed the congestion issues […] The post Andre Cronje’s Take on Solana’s Issues, Profitable Horizons for Quant Competitor appeared first on CoinChapter.

BlockDAG’s Stellar Rise: Securing $16.8 Million to Surpass NFTFN and Kelexo (KLXO) Presales

Apr 14, 2024 | 10:00 am

As the digital finance sector evolves, the buzz around new blockchain technologies is louder than ever. While the Kelexo (KLXO) and NFTFN presales have introduced exciting innovations in decentralized finance and digital collectibles, respectively, BlockDAG has quickly risen as a standout, garnering immense investor interest. Following the release of its detailed whitepaper, BlockDAG raised a remarkable $16.8 […] The post BlockDAG’s Stellar Rise: Securing $16.8 Million to Surpass NFTFN and Kelexo (KLXO) Presales appeared first on CoinChapter.

Pepe Coin Gains 5.91%, Investors Hedge Bets With This New Defi Token Rallying 500%, Currently Priced at $0.032

Apr 14, 2024 | 06:45 am

In the digital currency realm, Pepecoin (PEPE)’s recent 5.91% increase represents steady growth, while Option2Trade (O2T), a burgeoning DeFi token, has captured the market’s attention with a spectacular 500% rally, now priced at $0.032. This article delves into the contrasting yet complementary paths of Pepecoin (PEPE) and Option2Trade (O2T), exploring how savvy investors are hedging […] The post Pepe Coin Gains 5.91%, Investors Hedge Bets With This New Defi Token Rallying 500%, Currently Priced at $0.032 appeared first on CoinChapter.

Bitcoin Cash and Toncoin Are on Full Throttle as $RECQ Investors Prepare for the Next Bullish Wave

Apr 14, 2024 | 06:00 am

Bitcoin Cash (BCH) will undergo a network upgrade in mid-May. Toncoin (TON) is now among the top 10 cryptocurrencies on the earth. Rebel Satoshi’s network is also expanding at a rapid pace. Many investors rushed to the network following $RBLZ’s 150% surge. Rebel Satoshi’s new $RECQ token has also surged by 85%. Yet, can $RECQ […] The post Bitcoin Cash and Toncoin Are on Full Throttle as $RECQ Investors Prepare for the Next Bullish Wave appeared first on CoinChapter.

Key Altcoins: Long-Term Investment Essentials

Apr 14, 2024 | 04:00 am

Cryptocurrency markets are volatile, yet the surge in altcoin value captures investors’ attention. With the current bull run, many are keen to understand which lesser-known coins present strong long-term investment opportunities. This article delves into the key alternatives to the top virtual currencies, outlining the essential factors for considering them as investments. BlastUP Presale: The […] The post Key Altcoins: Long-Term Investment Essentials appeared first on CoinChapter.

$41 Million Crypto Investment Scheme Collapses in Australia

Apr 12, 2024 | 00:35 am

In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.Bust of a Crypto Investment SchemeThe court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.Additionally, the court has restricted Mendham from traveling outside Australia.NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company's website, with a minimum fixed return promised at 6 percent.The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.Regulator Gets WaryASIC's action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.“Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations. This article was written by Arnab Shome at www.financemagnates.com.

Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

Apr 11, 2024 | 22:36 pm

Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline.SBF AppealedEarlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison in Northern California. This facility is near his parents’ house, and the judge cited concerns for his security at a maximum-security prison due to his autism. Interestingly, during his trial and while awaiting sentencing, Bankman-Fried had requested to be kept in the notorious Manhattan Detention Center. Previously, he was an inmate at the Metropolitan Detention Center in Brooklyn.The appeal came two weeks after a US court sentenced him to 25 years in prison, along with three years of supervised release. He is also required to forfeit $11 billion.Billionaire to ConvictBankman-Fried was once regarded as the messiah of the cryptocurrency world, known for his altruistic vision, signature T-shirt, and shorts outfit. He became one of the youngest self-made billionaires through his FTX empire, which collapsed overnight following the discovery of his dubious business practices.After a high-profile trial, Bankman-Fried was convicted last November on multiple charges, including wire fraud and conspiracy to commit wire fraud and money laundering. Although the total maximum prison time for all the convictions could amount to 115 years, the prosecutors were seeking 40 to 50 years. Bankman-Fried’s legal team requested six-and-a-half years, but the court ultimately sentenced him to 25 years.During the trial, several close associates of Bankman-Fried testified against him. They all pleaded guilty to their roles in the shady operations at FTX and are now awaiting sentencing. This article was written by Arnab Shome at www.financemagnates.com.

Buying Coins is so 2023: Brokerage Accounts as a Gateway to Bitcoin Investment

Apr 11, 2024 | 08:10 am

With Bitcoin being the best-performing asset of the year more often than not during the last 15 years, many investors want to gain exposure but doing so can be tricky.For retail and institutional investors alike, questions of regulatory and tax compliance can be puzzling. Then, there’s the challenge of learning to navigate a new ecosystem. Using exchanges, sending transactions, and taking custody of coins can take significant time to learn.Fortunately, there are ways to gain exposure to Bitcoin without purchasing and holding the asset itself. This can be done in a standard brokerage or retirement account.This article will explore the avenues available for tapping into the Bitcoin market in this way, including exchange-traded Funds (ETFs), public companies with Bitcoin holdings, and mining companies.Bitcoin ETFs: A Gateway to Cryptocurrency MarketsETFs in general have become a popular vehicle for investors looking to diversify their portfolios without directly purchasing the underlying assets. Spot Bitcoin ETFs offer a straightforward way to invest in Bitcoin through a regulated framework, and have been very successful since their initial launch in the US on January 10, 2024. The first gold ETF took 2 years to reach $10 billion in AUM. Blackrock’s IBIT accomplished the same in just 2 months.Investors track the price of Bitcoin and trade on traditional stock exchanges, providing liquidity and accessibility to investors who may not otherwise be able to access cryptocurrency markets or don’t want to hold Bitcoin itself. Some of the most dominant spot ETFs in the US include BlackRock’s IBIT, Fidelity’s FBTC, and ARK’s 21 Bitcoin Shares. Here are some important things to think about when it comes to selecting a spot Bitcoin ETF:Custodian: How does the issuer store their coins? All the ETFs use Coinbase as their custodians, with a few exceptions: Fidelity secures their own Bitcoin internally,VanEck uses BitGo rather than Coinbase, Hashdex selected BitGo as its custodian. Fees: What expense ratio does the fund charge? BitWise has garnered attention for having the lowest fee at just twenty basis points. On the other end of the spectrum, Grayscale charges 1.5%.Transparency: How much do you value transparency when it comes to your funds’ holdings? So far, BitWise is the only fund that has published the public key to its wallet, allowing anyone to view the blockchain transactions that prove the fund holds what it claims to. Fidelity stands out, as being a veteran in the digital asset space that allows them to self-custody their Bitcoin holdings. BitWise shines for its low fees and transparency. Some investors see these funds as preferable. Others may opt for the reputation of firms like BlackRock or ARK. Public Companies with Bitcoin Holdings: Investing in Corporate BelieversA number of forward-thinking public companies have added Bitcoin to their balance sheets, recognizing its potential as a store of value. By investing in these companies, investors indirectly gain exposure to Bitcoin's price movements. This approach allows investors to benefit from the company's broader business performance while aligning with their innovative stance on Bitcoin.MicroStrategy (MSTR) was the first and still is the most well-known company to adopt a Bitcoin treasury strategy. The company currently holds over 1% of the entire supply of BTC. Shares of MSTR have also seen impressive appreciation in recent years, even outperforming Bitcoin at times.Here is a partial list of other companies that have decided to put Bitcoin on their balance sheets:CoinbaseGalaxy Digital Holdings Marathon Digital HoldingsBlockTeslaIn addition to companies that hold Bitcoin, mining stocks can also provide BTC exposure.CRYPTO MARKET COULD DOUBLE TO $5 TRILLION: RIPPLE CEORipple CEO Brad Garlinghouse predicts the crypto market could surge to $5 trillion by year-end, fueled by U.S. approval of spot Bitcoin ETFs and an upcoming mining-reward halving. His optimism is based on the entrance of… pic.twitter.com/gFUv1rIgi8— Crypto Town Hall (@Crypto_TownHall) April 11, 2024Mining Companies: The Backbone of Bitcoin's InfrastructureBitcoin mining companies are at the heart of creating new Bitcoin and securing the network. Investing in these companies represents an investment in the infrastructure of the Bitcoin network. As the demand for Bitcoin grows, these companies may see increased profitability, making them an attractive option for investors looking to get involved in the cryptocurrency space.The recent rise in Bitcoin’s price has been accompanied by an increase in the network’s hash rate, as miners can create profitable operations with greater ease.Many mining companies hold some of the Bitcoin they mine on their balance sheets, making them a way to gain exposure to both Bitcoin and its infrastructure. A few popular Bitcoin mining stocks in 2024 include:Hut8Riot BlockchainHive BlockchainBitfarms LimitedCipher MiningCleanSparkCRYPTO BREAKING NEWSThe Bitcoin ETFs Help Money Flow Into Smaller Projects And Their ICOs. Bitcoin (BTC) ETFs have become a gateway for traditional investors to enter the crypto space, resulting in a substantial influx of capital that is... check us out @… pic.twitter.com/crjqUU7gh2— InnovatekMobile (@Neome_com) April 7, 2024Strategic Considerations for Bitcoin ExposureEach of these securities has benefits and drawbacks. For example, mining stocks can be very volatile, even more so than Bitcoin. Yet they can outperform Bitcoin by a significant margin at times. Such securities require the highest risk tolerance and greatest conviction in the promise of Bitcoin. They can be thought of as a speculative play on Bitcoin, which may be too speculative for some.Public companies that hold Bitcoin provide a blend of exposure to the company’s operations and their Bitcoin holdings. In general, the larger the Bitcoin holdings, the more the share price tends to be correlated to the Bitcoin price. These can be a great choice for more traditional investors who feel safer holding equities with earnings, cashflows, dividends, etc. The downside is they may underperform the other securities available. Bitcoin ETFs represent the purest Bitcoin exposure that a brokerage account can have. There’s not much to be said here, as these shares represent ownership of a portion of the fund’s BTC holdings. There has even been talk of ETFs eventually allowing shares to be redeemed for spot Bitcoin, although this is unlikely in the USA, as the SEC has required ETFs to be settled in cash[…]

VARA’s CEO Proposes Cost-Sharing Model to Support Small Crypto Businesses

Apr 11, 2024 | 03:40 am

Matthew White, the CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), has voiced intentions to alleviate regulatory pressures on smaller cryptocurrency entities. Speaking at a regulatory panel during the Paris Blockchain Week, White acknowledged the imperfections in current crypto regulations and emphasized the need for improvements, particularly to support smaller players in the industry.Proposed Measures for Crypto Industry Collaboration on ComplianceWhite highlighted the significant financial strain associated with regulatory compliance, particularly for smaller businesses lacking adequate resources. He expressed VARA's focus on exploring solutions to mitigate these challenges, aiming to create a regulatory environment that accommodates all participants.Among the proposed measures is a concept where larger players in the crypto space could provide support to smaller entities by shouldering a portion of their compliance costs. This model would allow smaller businesses to enter the regulated ecosystem without facing prohibitive compliance expenses."The cost of compliance is borne by the larger systemic players, and this allows the smaller players to come into the ecosystem, be regulated, but also not have to suffer the same sort of level of costs of compliance that we’ve got," explained White.Dubai's Virtual Asset Regulatory Authority (VARA) is exploring ways to ease the regulatory cost burden for smaller crypto firms.During Paris Blockchain Week, VARA CEO Matthew White discussed potential solutions, including a model where larger entities support smaller ones.— Satoshi Club (@esatoshiclub) April 11, 2024Prioritizing Industry Dialogue for Adaptive Crypto RegulationsFurthermore, White emphasized VARA's focus on innovation while simultaneously establishing effective regulations. He underscored the importance of dialogue with industry stakeholders to ensure that regulatory frameworks remain adaptable to the rapidly growing crypto landscape.White assumed the role of CEO at VARA last year, succeeding the former CEO, Henson Orser. His appointment coincided with VARA's preparations to enhance its market operations in response to tightened regulations in the United Arab Emirates (UAE).In November 2023, the UAE regulators issued joint guidance outlining fines and sanctions for unlicensed virtual asset service providers, signaling a stricter regulatory environment for the crypto industry in the region. This article was written by Tareq Sikder at www.financemagnates.com.

Bitget’s Crypto Trading Volume Surges over 100% in Q1 2024

Apr 11, 2024 | 02:46 am

Bitget, one of the biggest cryptocurrency exchanges by volume, has released its Q1 2024 Transparency Report, revealing visible growth across various metrics. The report highlighted a 100% increase in both spot and futures trading volumes compared to previous quarters, along with a significant rise in the value of its platform native token, BGB.Bitget Reports Growth in Q1 2024 Transparency ReportAccording to the report, Bitget's futures trading volume reached approximately $1.4 trillion, an escalation of 146% from the previous quarter. The exchange witnessed the highest increase in derivatives market share, with a growth of 2.4% in March alone. The spot trading volume also saw a substantial uplift of 113%, surpassing $60 billion in Q1 2024. According to an independent report by Finance Magnates Intelligence, these figures coincide with the overall boost in volumes across the cryptocurrency industry. In March, spot volumes for the largest cryptocurrency exchanges grew 119% compared to the previous year and over 100% compared to February.Bitget's user base has expanded significantly, now serving over 25 million users across 100+ countries and regions. "This year, Bitget is doubling down on its commitment to enhance our spot market offerings,” Gracy Chen, the Managing Director of Bitget, commented. “We aim not only to bolster our market position but also to contribute tremendously to the broader crypto ecosystem, supporting startups with high potential to grow."Thanks @CryptoSlate for featuring us.🏆 Proud to become the world's largest #crypto copy trading platform!🌍 With over 25 million users globally, #Bitget now stands proudly as a Top 5 crypto exchange on various lists.Explore our latest achievements 👇— Bitget (@bitgetglobal) April 11, 2024Bitget Bets on Its Crypto TokenThe platform's native token, BGB, had a really good run last quarter, breaking its all-time high and surpassing the $1 mark in February. Since the beginning of 2023, BGB has delivered gains of 434%, outperforming Bitcoin and establishing itself as a top performer among centralized exchange tokens.Currently, it is one of the 70 largest cryptocurrencies, with a market capitalization of over $1.8 billion and a daily trading volume of $81 million. Binance exchange's BNB token has a market capitalization of $89 billion.Bitget's listing strategy led to the introduction of 186 new tokens in the first quarter, expanding its offerings to over 750 tokens and 820 spot trading pairs. Several tokens, such as XAI, GPT, and PIXEL, experienced extraordinary growth, surging over 3000%.According to the latest exchange report, more people are trading cryptocurrencies in Europe. In Germany alone, the number of traders has escalated 69% over the year.In the meantime, Bitget Wallet hired a new Chief Operating Officer, Alvin Kan, to accelerate its global expansion. This article was written by Damian Chmiel at www.financemagnates.com.

90% of Crypto Trades Handled by Just 10 Exchanges, ESMA Warns

Apr 11, 2024 | 01:30 am

In a comprehensive analysis of the cryptocurrency market, the European Securities and Markets Authority (ESMA) has revealed the highly concentrated nature of crypto trading and the potential risks it poses to the broader financial ecosystem. The report, released on Wednesday, comes as the European Union prepares to implement the world's first extensive regulatory framework for cryptoassets, dubbed MiCA.EU Watchdog Raises Concern over Crypto Market ConcentrationESMA's findings reveal that a mere ten exchanges oversee approximately 90% of all cryptocurrency trades, with Binance leading the pack with an astonishing 50% share in the market. The recent Finance Magnates Intelligence study confirms the market watchdog data, indicating an increase in trading volumes of the top 10 crypto exchanges.While this level of concentration is potentially beneficial from an efficiency standpoint, it raises significant concerns about the implications of a failure or malfunction at a major exchange.“The top 10 exchanges execute around 90% of total trading volume and, with a volume of over USD 3.7 trillion or a market share of 49%, Binance is the largest exchange,” ESMA commented in its report. “The runner-up, Upbit, recorded only about a seventh of this volume."A recent report by #ESMA analyses the dynamics of crypto asset trading and how they compare to #TradFi markets.Here's a TL;DR 👇🧵 pic.twitter.com/ZFAWHwO9iL— European Crypto Initiative (@EuCInitiative) April 10, 2024This concentration has increased over the years. In 2019, it was 54%, and currently, according to ESMA, it has risen to 73%.Euro Is Not Important in Crypto TransactionsThe report revealed that the euro has minimal involvement in cryptocurrency trading, with most transactions occurring outside the EU at exchanges domiciled in tax havens.“The distribution of involved fiat money reflects a high reliance on the US dollar and the South Korean won as the market’s on- and off-ramp,” ESMA explained. “The euro only plays a minor role and the announcement of the MiCA regulation has not caused an increase in euro transactions so far.”▶ USD and South Korean Won are predominant, while the Euro plays a minor role. #MiCA has not affected Euro transactions significantly.— European Crypto Initiative (@EuCInitiative) April 10, 2024Furthermore, ESMA debunks the notion that cryptocurrencies serve as a safe haven during times of market stress, noting a co-movement with equities and lack of stability in relation with gold.As the EU rolls out its comprehensive regulatory framework for cryptoassets called MiCA, ESMA's findings underscore the importance of oversight and risk management in this rapidly evolving sector. The watchdog plans to discuss its report in greater detail during a webinar on April 25.Regarding MiCA, ESMA published its final report a few weeks ago and seeks to strike a balance between a high level of investor protection and innovation within the crypto industry. This article was written by Damian Chmiel at www.financemagnates.com.

OKX Unveils European Expansion Plan with Okcoin Rebrand

Apr 10, 2024 | 23:37 pm

In a strategic move to bolster its European presence, Okcoin Europe Ltd. has rebranded to OKX and appointed Erald Ghoos as the new European General Manager. As part of this rebranding, OKX aims to unify its brand worldwide.OKX Expands European PresenceOKX is one of the biggest crypto exchanges globally trusted with over 50 million users worldwide, The company has been operating in Europe since 2021, holding a crypto service provider registration with De Nederlandsche Bank and a virtual financial asset service provider license in Malta.As part of its expansion plans, OKX is beta-testing its platform in the Netherlands, with an official launch on the horizon. The company is seeking user feedback during this phase to optimize performance and tailor its offerings to the local market.“Europe is home to many diverse and growing communities of crypto users, some of whom have yet to be introduced to OKX and what we stand for,” Hong Fang, the President of OKX, commented. “Our mission over the coming months and years is to build locally, including in important markets such as the Netherlands."According to the Finance Magnates Intelligence report, OKX is the fourth largest exchange in terms of spot volumes, which grew by nearly 130% in March compared to February, reaching a value was $171 billion. It closely trails ByBit, which holds the third position by only a few percentage points.Crypto Exchange Appoints Erald Ghoos as Europe GMErald Ghoos, the newly appointed Europe General Manager, brings extensive experience to his role, having previously served as the General Manager of Okcoin Europe. Under his leadership, OKX aims to establish local teams that drive the company's global strategy, ensuring a personalized experience for its diverse user base.“Through the rebrand, we aim to offer an even better customer experience for our users in Europe,” Ghoss commented on the official OKX blog post. “In the coming months and years, we look forward to better serving the European crypto community and enhancing our offerings to meet local needs.”There's been a lot of activity at OKX recently, at least regarding geographical moves. At the end of March, the exchange closed its branch in India, citing "local regulations," but expanded its operations in other jurisdictions. That same month, it joined the increasingly long list of companies that have obtained the Monetary Authority of Singapore (MAS) Major Payment Institution (MPI) license. OKX SG, the exchange's local subsidiary, acquired the MPI from MAS. The authorization will allow it to provide payment services and digital payment token services. A month and a half ago, the platform introduced OKX.TR, its version targeted at traders from Turkey, offering them trading in cryptocurrency pairs against the Turkish lira. This article was written by Damian Chmiel at www.financemagnates.com.

SEC Takes Aim at DeFi Exchange Uniswap in Potential Enforcement Action

Apr 10, 2024 | 13:41 pm

Uniswap Labs is facing a potential enforcement action from the Securities and Exchange Commission (SEC). The regulator is considering taking legal action against the company behind the popular decentralized finance (DeFi) exchange Uniswap.In a blog post published today (Wednesday), the company disclosed that it had been served a Wells notice by the SEC. A Wells notice is a letter issued by the regulator after concluding an investigation, indicating that it plans to pursue enforcement action against the recipient. Uniswap Faces ScrutinyUniswap contends that its services are legal. The exchange has assured users that its services will remain available and continue to "ship new products." It argues that its platform fosters transparent and accessible financial markets, empowering users through self-custody and bypassing traditional intermediaries. "If the SEC protects opaque systems and attacks new, transparent technology that can open up opportunity and reduce costs for Americans, the U.S. will fall behind on innovation that can power consumer choice and freedom," Uniswap wrote.Today Uniswap Labs received a Wells notice from the SECAnd we're ready to fightThis is the latest political effort to target even the best actors in crypto like Uniswap and CoinbaseAll Uniswap products and the Uniswap Protocol are unaffected https://t.co/i2p5LubELk— Uniswap Labs 🦄 (@Uniswap) April 10, 2024Uniswap believes the law is on its side. The exchange highlighted recent court decisions like SEC v. Ripple and their own legal victory in Risley v. Uniswap Labs, which suggest that the trading of digital assets on a secondary market doesn't qualify as securities trading. Uniswap Fights BackAdditionally, Uniswap highlighted the decentralized nature of its platform, distancing itself from the legal definitions of securities exchanges or brokers.Founded by Hayden Adams, Uniswap was launched in 2018 as an automated crypto exchange based on the Ethereum blockchain. According to CoinMarketCap, the DeFi platform is powered by a digital token dubbed UNI. This Ethereum-based digital asset has a market cap of more than $6 billion.In March 2023, the SEC issued a similar Wells notice against Coinbase. In response, the crypto exchange criticized the regulator for lack of transparency, highlighting the ambiguity surrounding the alleged violations and the refusal to specify which assets on the platform could be deemed securities. Three months later, the regulator sued Coinbase for allegedly operating an illegal trading platform.1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action.— Brian Armstrong (@brian_armstrong) March 22, 2023Similarly, the SEC filed multiple charges against Binance and its CEO, Changpeng Zhao, citing alleged illegal activities, including unregistered sales and commingling of funds. The regulator's accusations revolved around Binance's operation of unregistered trading platforms, Binance.com and Binance.US, and the sale of unregistered tokens BNB and BUSD. This article was written by Jared Kirui at www.financemagnates.com.

Coinbase Adopts Apple Pay for Crypto Purchases amid Market Slowdown

Apr 10, 2024 | 06:58 am

To facilitate cryptocurrency purchases for United Kingdom-based users, the crypto exchange Coinbase has announced the integration of Apple Pay functionality. This development allows users to buy Bitcoin and other digital assets directly through their iPhones using the Apple Pay feature.Implementing Apple Pay Feature for Safer TransactionsAccording to Coinbase, enabling Apple Pay provides users with a "more secure and private" method of purchasing cryptocurrencies. The exchange emphasized that when transactions are made using Apple Pay, card numbers are not stored on the device or Apple servers. Instead, a unique device account number is assigned, encrypted, and stored in a chip designed for securing payment information.This integration arrives at a time when the cryptocurrency market is experiencing a slowdown in trading volume and retail interest. Coinbase recently reported decreasing crypto volumes as the market seeks new narratives to drive prices higher. While the upcoming Bitcoin halving event could potentially spark price increases, the exchange acknowledged the challenge of navigating a historically weak period for risky assets like crypto.Daniel Seifert, the UK Country Director at Coinbase, stated that the new integration helps make accessibility to digital assets easier in the country. He said: “We know users already love using Apple Pay in their daily lives, so it only made sense to bring this convenient way to pay to Coinbase as well.”🚨 JUST IN: #Coinbase integrates Apple Pay for UK users, allowing secure and private crypto purchases directly on iPhones.— Satoshi Club (@esatoshiclub) April 10, 2024Crypto Social Media Engagement Wanes despite Market BuzzBeyond trading volume, social media engagement data indicates subdued retail interest in cryptocurrencies. LunarCrush, a social analytics platform, observed fewer posts related to Bitcoin, Ethereum, and other cryptocurrencies on social media platforms. Joe Vezzani, the CEO at LunarCrush, noted that social interactions within the crypto space are currently lower compared to previous bull markets, even after accounting for spam and bot activity. This article was written by Tareq Sikder at www.financemagnates.com.

Hong Kong Regulators Move Forward with Greenlighting Spot Bitcoin ETFs

Apr 10, 2024 | 04:09 am

Hong Kong regulators are set to greenlight the inaugural batch of applications for spot Bitcoin exchange-traded funds (ETFs) in the upcoming week, potentially paving the way for these financial products to hit the market as early as April. Sources familiar with the matter disclosed this information to Reuters, highlighting a significant development in the financial landscape.Asian Markets Eye Bitcoin ETF ApprovalsIf approved, these ETFs would mark a milestone for the Asian market, with Hong Kong and Australia emerging as frontrunners in offering such investment instruments. While Singapore and the United Arab Emirates have yet to signal immediate intentions in this regard, Hong Kong's regulatory authorities appear to be accelerating the approval process, according to statements cited in the Reuters report.Among the entities seeking approval, Harvest Global Investments, an asset management firm from China, and asset manager VSFG, in partnership with Value Partners, have submitted applications to the Securities and Futures Commission (SFC) for a spot ETF, as reported by CoinDesk. The report also mentioned that four entities, including the Hong Kong units of China Asset Management, Harvest Fund Management, and Bosera Asset Management, have applied to launch spot Bitcoin ETFs.🚨 BREAKING 🚨 HONG KONG SET TO APPROVE ITS FIRST SPOT BITCOIN ETFs IN APRIL.GIGA BULLISH 🔥 pic.twitter.com/M0eWJzcGgv— Ash Crypto (@Ashcryptoreal) April 10, 2024No Guarantee for Immediate Market AvailabilityThe regulatory approval does not necessarily guarantee immediate market availability, as additional steps may be required before these ETFs are ready for trading. Investors and stakeholders alike will be closely monitoring developments in this space, anticipating the impact of spot Bitcoin ETFs on the broader financial landscape.The latest Investment Trends' "2023 Hong Kong Online Investing Report" has revealed a decrease in active online investors from 900,000 to 840,000, as reported by Finance Magnates. Despite this decline, there's growing optimism among investors for local shares, a shift to defensive assets, and increased interest in international markets. Though Hong Kong's online investor numbers have dropped, remaining investors exhibit resilience. The report suggests a forecasted increase of 0.4% in the HSI over the next year, signalling renewed market confidence. This article was written by Tareq Sikder at www.financemagnates.com.

Ethereum Advisor Hits US Government with Colossal $9.6 Billion Lawsuit

Apr 10, 2024 | 01:59 am

Steven Nerayoff, a prominent early advisor to the Ethereum network, has filed a $9.6 billion lawsuit against the United States government. The lawsuit, filed under the Federal Tort Claims Act (FTCA), alleges that federal agents knowingly pursued false charges against Nerayoff and engaged in harassment and intimidation tactics, including evidence fabrication.Former Ethereum Advisor Sues US Government for $9.6 BillionNerayoff was arrested by the FBI in September 2019 alongside his associate Michael Hlady on charges of extortion. The authorities claimed they threatened to destroy a cryptocurrency startup if it did not pay millions in ether (ETH), the native cryptocurrency of the Ethereum network. However, after a four-year legal battle, the US government dismissed the case in May 2023.In the newest court filing dated last week, Nerayoff's legal team has argued that the damages to his reputation and businesses warrant the substantial lawsuit for $9.6 billion. “Today I have filed my Federal Tort Claims Act (FTCA) lawsuit suing the U.S. government for personal damages related to false prosecution,” Nerayoff wrote on X. “It is time we took a stand against this unrestrained corruption, for all the people wrongly accused & to ensure justice against those who have been a part of this.”BREAKING: Today I have filed my Federal Tort Claims Act (FTCA) lawsuit suing the U.S. government for personal damages related to false prosecution. It is time we took a stand against this unrestrained corruption, for all the people wrongly accused & to ensure justice against… https://t.co/PQZjz6Ewcp— Steven Nerayoff (@StevenNerayoff) April 9, 2024Nerayoff, a serial entrepreneur and blockchain pioneer, is known for his early involvement in Ethereum since 2015. He has been at the center of various controversies and legal battles, including making serious allegations against the Ethereum Co-Founder, Vitalik Buterin, and others regarding fraudulent ICOs, personal misconduct, and collusion with corrupt officials."Mr. Nerayoff's well-being, personal life and career were irreparably harmed… He incurred significant legal fees to defend himself while simultaneously losing income as a result of becoming a feared pariah in the crypto community,” the filing stated. The lawsuit has garnered attention due to the significant damages sought and the involvement of prominent lawyer Alan Dershowitz as a consultant on the case. The outcome of this legal battle could have implications for the cryptocurrency industry and the US government's handling of such cases.Nerayoff's Allegations against ButerinIn the past, Nerayoff accused both Vitalik and his father, Dmitry Buterin, of coordinating efforts to damage his reputation. He cited a video in which Vitalik allegedly claimed that Nerayoff was involved in significant fraudulent activities.Furthermore, Nerayoff alleged that the Ethereum Foundation, under Vitalik Buterin's guidance, abandoned senior researcher and developer Virgil Griffith after his arrest for helping North Korea evade sanctions. Nerayoff also claimed that Vitalik Buterin copied his idea of issuing utility tokens and threatened to sue over his supposed invention.In recorded conversations from 2015, Nerayoff criticized Ethereum's financial management, particularly the decision not to hedge Ethereum's Bitcoin holdings during price fluctuations. He also highlighted issues with Ethereum's early days, including lack of operational infrastructure, legal and regulatory risks, poor internal structure, and co-founder conduct. This article was written by Damian Chmiel at www.financemagnates.com.

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