Cryptocurrencies Today: News, Analysis, and Predictions ☀️

Bitcoin Falls Below $60,000 Amid Israel-Iran Tensions: Is BTC’s Future at Risk?

Apr 19, 2024 | 07:30 am

Bitcoin price has seen the two ends of its volatility cliff, plunging on Israel Iran war before rebounding. Bitcoin halving events remain a crucial sentiment booster for investors. The price of Bitcoin (BTC) recently dipped below $60,000, hitting a low of around $59,600 on Binance. The drop in Bitcoin’s price which follows geopolitical tensions in [...]

Cryptocurrency Analyst Predicts Potential Peak for Bitcoin in This Bull Market

Apr 19, 2024 | 07:27 am

The post Cryptocurrency Analyst Predicts Potential Peak for Bitcoin in This Bull Market appeared first on Coinpedia Fintech News Prominent crypto analyst Rekt Capital has delved into historical patterns to determine when Bitcoin might reach its peak in the current bull market. Drawing on historical patterns and the current state of the market, Rekt Capital offers intriguing projections that could shape investors’ strategies in the coming months. Forecast for Bitcoin’s Bull Market Peak According …

Bitcoin halving interest higher than ever with under 12 hours left to go

Apr 19, 2024 | 07:26 am

With less than 12 hours remaining until the next Bitcoin halving, online interest in the event has hit its highest rate, according to detailed tracking information provided by blockchain analytics platform Santiment. Santiment is tracking social volume and dominance around the event, with volume spiking to its second-highest level ever and dominance reaching a new […] The post Bitcoin halving interest higher than ever with under 12 hours left to go appeared first on CryptoSlate.

Telegram’s Toncoin Outshines Legacy Networks and Meme Coins

Apr 19, 2024 | 07:23 am

The post Telegram’s Toncoin Outshines Legacy Networks and Meme Coins appeared first on Coinpedia Fintech News The supremacy battle in the layer one (L1) networks has experienced major shifts from the legacy chains following the palpable growth of the Telegram-backed Toncoin (TON) blockchain. After dethroning Cardano (ADA) from the top ten most valuable digital assets, the Toncoin network has now outshined the largest meme coin backed by tech billionaire Elon Musk, …

Stablecoins In The Spotlight As Senators Unveil Landmark Regulatory Framework

Apr 19, 2024 | 07:22 am

On the cryptocurrency regulatory front, a pioneering bipartisan effort is underway. Senators Cynthia Lummis and Kirsten Gillibrand have joined forces, determined to establish a comprehensive framework governing stablecoins – digital assets designed to maintain parity with fiat currencies like the U.S. dollar. Their bold legislative endeavour, the Lummis-Gillibrand Payment Stablecoin Act, aims to protect consumers, […]

Coinbase expands global offerings with WIF perpetual futures trading

Apr 19, 2024 | 07:20 am

Coinbase, a leading cryptocurrency exchange platform, has announced the expansion of its services by introducing perpetual futures trading for the Wrapped Index Fund (WIF) to its international customer base. This significant development underscores Coinbase’s commitment to providing innovative trading options and expanding accessibility to digital asset investments beyond the United States. The introduction of perpetual …

Ethena (ENA) & THORChain (RUNE) Price Record Massive Gains; Here’s Where They May Reach This Week

Apr 19, 2024 | 07:17 am

The post Ethena (ENA) & THORChain (RUNE) Price Record Massive Gains; Here’s Where They May Reach This Week appeared first on Coinpedia Fintech News Ethena (ENA) Price Analysis Ethena, an Ethereum-based synthetic dollar protocol, has triggered a bullish breakout beyond the resistance. One of the main reasons behind the surge is anticipated to be followed by a collaboration with Bitget Wallet. This enables users to engage with Ethena via Bitget’s wallet browser extension and mobile application. The users will …

Shibarium Unveils Major UI Update for ‘Unprecedented Choice, Innovation, and Efficiency’

Apr 19, 2024 | 07:17 am

TL;DR Shibarium announces a significant update to its user interface to enhance the experience and accessibility. The update includes an expansion of compatibility with various digital wallets, offering users more freedom and flexibility. The update also brings technological innovations using NextJS and React, resulting in exceptional performance, a more intuitive interface, and smoother navigation. Shibarium ... Read more

Tether Launches USDT and XAUT on Telegram’s TON Blockchain

Apr 19, 2024 | 07:17 am

TL;DR Tether Integration: Tether has launched its USDT and XAUT stablecoins on Telegram’s TON blockchain, aiming to enhance liquidity and create a financial experience akin to traditional systems. Blockchain Expansion: With the addition of TON, Tether’s stablecoins are now available on 15 blockchains, bolstering TON’s position as the ninth-largest blockchain by market value. Payment Evolution: ... Read more

Tether is on an unstoppable path beyond stablecoins

Apr 19, 2024 | 07:00 am

Tether, the largest corporation in the digital asset market, has significantly contributed to the promotion of secure financial systems with its stablecoin. With the introduction of a novel framework for financially sustainable systems, they have commenced their triumphant voyage. Tether is presently involved in an innovative endeavor to offer a variety of infrastructure solutions. Different …

Dogecoin’s price forecast – How will Bitcoin’s halving impact this altcoin?

Apr 19, 2024 | 07:00 am

Dogecoin enjoys a high correlation with Bitcoin. With the halving almost here, what does this mean?

Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record

Apr 19, 2024 | 06:44 am

Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s). Bitcoin Hashrate Achieves New High as Halving Approaches Just hours ahead […]

The Sandbox introduces Game Maker 0.10

Apr 19, 2024 | 06:40 am

The Sandbox has introduced Game Maker 0.10. It builds on the success of Game Maker 0.9, which was launched in December last year. The latest version comes with new tools and a lot of improvements, plus it comes at a time when The Sandbox has kicked off Builders Bootcamps to educate the members of its …

VeChain’s Price Outlook: Analyst Projects $0.60 Target Amid Bullish Momentum

Apr 19, 2024 | 06:37 am

At $0.041, VeChain has lost close to 20% in the past week, but one popular analyst says that if it replicates its trading pattern from four years ago, VET could spike 1,360% However, the coin would first retrace even further to hit $0.32, which is the upper boundary of its current trading consolidation pattern, before [...]

$1.33 Billion Bitcoin Options Expire Today, Can BTC Fall?

Apr 19, 2024 | 06:32 am

TL;DR 21,800 Bitcoin options contracts, valued at $1.33 billion, are set to expire today. There is a predominance of long position options, with higher open interest at $80,000 strike prices. Additionally, 297,000 Ethereum options contracts are also expiring today. Implied volatility of long-term options is significantly decreasing. With the imminent expiration of options of considerable ... Read more

Shiba Inu Devs Roll Out Major Shibarium Update: Details

Apr 19, 2024 | 06:30 am

Shibarium, the layer-2 blockchain solution crafted by the creators of the Shiba Inu (SHIB) token, have unveiled a comprehensive update to its platform, promising enhanced performance and broader accessibility. This announcement was disseminated through the official Shibarium Network account on X, which emphasized significant user interface improvements and expanded wallet compatibility. Shiba Inu News: Shibarium […]

Immutable X, Beam, Mega Dice Pump as Gaming Tokens Turn Bullish

Apr 19, 2024 | 06:27 am

The post Immutable X, Beam, Mega Dice Pump as Gaming Tokens Turn Bullish appeared first on Coinpedia Fintech News The Web3 gaming industry started 2024 strong, experiencing some of the bullish energy of the broader market. However, this wasn’t to last as investor interest turned to other industries. Meme coins earned the lion’s share of the bull run, followed by AI and Real-World Assets. This has led to some speculation about the future of …

Tether coming to Telegram through TON blockchain amid $11 billion wider minting spree

Apr 19, 2024 | 06:23 am

Stablecoin issuer Tether confirmed to CryptoSlate its expansion of US dollar-backed USDT and gold-backed XAUT stablecoins onto The Open Network (TON) blockchain, according to an April 19 statement. The move aims to enhance the utilization of stablecoins for cross-border and peer-to-peer transactions among the 900 million users of the TON-related Telegram messaging application. According to […] The post Tether coming to Telegram through TON blockchain amid $11 billion wider minting spree appeared first on CryptoSlate.

Unveiling Solana’s Transaction Landscape: The Rise of Bots and Spam

Apr 19, 2024 | 06:20 am

TL;DR Spam Transactions: A study by Dan Smith highlights a significant spam issue on the Solana blockchain, with bots accounting for 95% of failed transactions, despite real users making up 97% of addresses. Meme Coin Impact: Arthur Hayes points out that the proliferation of meme coins has led to a surge in transaction failures on Solana, with ... Read more

Is the Ripple vs SEC Lawsuit Holding XRP Price Back?

Apr 19, 2024 | 06:18 am

The post Is the Ripple vs SEC Lawsuit Holding XRP Price Back? appeared first on Coinpedia Fintech News As Ripple’s legal battle with the SEC continues, Bill Morgan’s commentary has shed light on the lasting impact of the SEC lawsuit and XRP’s current market performance. Investors have been left wondering: will XRP ever recover? Is a price surge on the horizon, or will regulations continue to hold it back? Dive deeper to uncover …

The Ultimate List of 2024’s Best Crypto Presales to Buy Now: Feat. Butcoin, Memeinator, Bitcoin Minetrix, Harambe AI, and eTukTuk

Apr 19, 2024 | 06:18 am

In the fast-paced world of cryptocurrency, presales represent a golden opportunity for enthusiasts to engage with innovative projects before they hit the broader market. Among the plethora of options, five presales stand outx. In this article, we explore the distinct features and market prospects of Butcoin, Memeinator, Bitcoin Minetrix, Harambe AI, and eTukTuk, providing a [...]

Polygon introduces the integration of Cosmos to AggLayer via Union

Apr 19, 2024 | 06:15 am

Polygon has said that Union is bringing Cosmos to AggLayer to facilitate cross-chain transactions and inter-network communication better. It will fundamentally leverage zero-knowledge proofs to allow sovereign chains to share liquidity and state safely. Union will ensure a seamless transfer of assets and message passing between IBC and all chains of AggLayer. Interestingly, Union is …

Data Ownership Protocol (DOP) Partners With Bitcoin.com to Pioneer Data Sovereignty in Crypto

Apr 19, 2024 | 06:15 am

Integration Promises Enhanced Privacy for Bitcoin.com Wallet Users Bitcoin.com, a leading platform for cryptocurrency users, announces its strategic partnership with the Data Ownership Protocol (DOP) to empower users with unprecedented control over their data within the Bitcoin.com ecosystem and beyond. This collaboration marks a significant milestone in the quest for data sovereignty in the crypto […]

BlockDAG achieves $18.5M presale, elevating it above UNI price stability and INJ market trends following moon keynote teaser

Apr 19, 2024 | 06:00 am

BlockDAG has rapidly ascended in the cryptocurrency landscape, distinguishing itself with a remarkable $18.5 million raised in its presale, far surpassing market movements surrounding Uniswap (UNI) and Injective (INJ). As UNI exhibits price stability amid regulatory scrutiny and INJ sees an uptick in user engagement, BlockDAG has captivated the market with its innovative integration of …

Bitcoin ETFs experience fifth consecutive trading day of outflows

Apr 19, 2024 | 06:00 am

Quick Take Farside data shows that on April 18, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a small outflow of $4.3 million, marking the fifth consecutive trading day of outflows. However, this was the smallest outflow among the previous five trading days, suggesting a potential shift in sentiment. Farside data reports that Grayscale GBTC saw outflows […] The post Bitcoin ETFs experience fifth consecutive trading day of outflows appeared first on CryptoSlate.

Is Ethereum’s bottom in? Key indicator makes this prediction for ETH’s price

Apr 19, 2024 | 06:00 am

While the decline in transaction fees suggests that a price bottom may be here, historical precedents may say otherwise.

Aethir introduces Aethir Edge, a next-level DePIN hardware

Apr 19, 2024 | 05:59 am

Aethir has detailed insights about Aethir Edge, the centerpiece of its solution for making it big in one of the fastest-growing segments—DePIN, an acronym for decentralized physical infrastructure. The idea is to support the AI and gaming sectors with GPU cloud computing. Plans are in line for Aethir to roll out rewards and native tokens—ATH—in …

Render (RNDR) Millionaire Enters $888k Giveaway Simply To Buy Another Lamborghini With Free Crypto

Apr 19, 2024 | 05:55 am

The post Render (RNDR) Millionaire Enters $888k Giveaway Simply To Buy Another Lamborghini With Free Crypto appeared first on Coinpedia Fintech News In an intriguing turn of events, a millionaire investor from the Render (RNDR) community has entered the Option2Trade (O2T) $888k giveaway, with the explicit aim of using the potential winnings to acquire another Lamborghini. This move highlights the lavish lifestyles and unique investment strategies adopted by some of the cryptocurrency elite. This article will delve …

Celestia (TIA) and ETFSwap (ETFS) are the best plays for the bull market as BNB struggles

Apr 19, 2024 | 05:54 am

As the bull market rages on, BNB has failed to live up to expectations despite its massive backing by the Binance crypto exchange. As such, investors are now looking to Celestia (TIA) and ETFSwap (ETFS) for life-changing gains. Let’s see why. BNB – A struggling giant BNB is the 4th-largest cryptocurrency in the world, with …

$1.75B in Bitcoin Sent to ‘Accumulation Addresses’ in Just 24 Hours. What does this Mean?

Apr 19, 2024 | 05:54 am

TL;DR Investors moved more than $1.7 billion to “accumulation” wallets during the recent Bitcoin price drop below $63,000. This record-breaking movement resulted in the transfer of a total of 27,700 BTC in a single day to these wallets. Analysts suggest that this behavior may be related to anticipation of the upcoming BTC halving scheduled for ... Read more

Binance Boosts User Protection: Converts SAFU Funds to USDC Stablecoin

Apr 19, 2024 | 05:49 am

Binance, the top crypto exchange, converts SAFU funds to USDC stablecoin for better security and transparency, ensuring user protection during extreme situations like hacks. This move reflects Binance’s adaptability to regulatory changes, following a previous conversion from BUSD to USDT and TUSD Binance, the world’s largest cryptocurrency exchange, has announced the conversion of its Secure [...]

Celestia surges, Burro token and XRP ETF token launch presale

Apr 19, 2024 | 05:48 am

The post Celestia surges, Burro token and XRP ETF token launch presale appeared first on Coinpedia Fintech News Celestia raised on the 18th out-performing market while XRP ETF TOKEN hits pre-sale along with NFT token name BURRO TOKEN. Celestia surpass Celestia (TIA) token has been one of the best-performing tokens in the current market rally. As a result, Celestia rose to $11.16 on April 16th before dropping again to lower than $11.00 on …

Pikamoon Unveils New Open World Trailer and CEX Listings

Apr 19, 2024 | 05:45 am

Thanks to the industry-shaking launch of its native PIKA ($PIKA) token, Play-to-Earn (P2E) Web3 game […]

TRON investors considering TON and Bitbot amid SEC lawsuit against Justin Sun

Apr 19, 2024 | 05:45 am

SEC lawsuit against Justin Sun casts doubt on TRON’s future. TON Network’s integration of USDT boosts Toncoin price by 12%. Bitbot’s AI-powered trading platform and $BITBOT token offer innovative solutions. As the cryptocurrency market navigates through turbulent waters, TRON investors are exploring alternative options amidst a legal battle involving Justin Sun, the founder of TRON […] The post TRON investors considering TON and Bitbot amid SEC lawsuit against Justin Sun appeared first on CoinJournal.

Buy The Bitcoin Dip Or Dump Run Before Bitcoin Halving? CoinChapter’s Two-Cents

Apr 19, 2024 | 05:42 am

Bitcoin halving is here, and how. The drama in BTC price action in the run-up to the event has traders bewildered about the way forward. The post Buy The Bitcoin Dip Or Dump Run Before Bitcoin Halving? CoinChapter’s Two-Cents appeared first on CoinChapter.

Web3 made easy: Build faster with Tencent Cloud & MultiversX

Apr 19, 2024 | 05:40 am

Tencent Cloud has recently announced the introduction of a brand new blockchain infrastructure solution, which has been made in collaboration with MultiversX, and the results have been quite impressive in building a foundation for the growth of gaming through blockchain technology. This partnership incorporates multiple programs, such as giving out grants to startups and holding …

Will Bitcoin Halving Cause a BTC Price Pump? Expert Peter Brandt Weighs In

Apr 19, 2024 | 05:38 am

The post Will Bitcoin Halving Cause a BTC Price Pump? Expert Peter Brandt Weighs In appeared first on Coinpedia Fintech News Despite rising tensions in the Middle East, the cryptocurrency market remains robust, with Bitcoin emerging as a dependable hedge. On April 19th, as Israel’s actions against Iran made waves, Bitcoin briefly dipped to $57,600 before swiftly rebounding to $65,000. This rapid turnaround has not only bolstered Bitcoin but has also sparked hope for a surge …

Bitbucks: about the VIP club and growth prospects

Apr 19, 2024 | 05:35 am

The company consists of a closed club BitBucks and the company’s main product, which is an international P2P cryptocurrency exchange with its own BTK token. BitBucks is the only P2P platform that allows you to earn commissions from every transaction made by your friends, which makes it interesting for users of P2P platforms. Several large [...]

Watch These Cryptos to Become Filthy Rich in 2024

Apr 19, 2024 | 05:33 am

The post Watch These Cryptos to Become Filthy Rich in 2024 appeared first on Coinpedia Fintech News The financial horizon is alight with a trend that could redefine fortunes. Recent trends suggest a monumental shift as 2024’s bull run makes its presence known. Many are turning their gaze to the cryptosphere, eager to identify opportunities that promise significant returns. With market dynamics in a constant state of flux, this article aims to …

Which Soaring Altcoins Are Worth Adding to Your Crypto Portfolio? Explore Skyrocketing BlastUP Presale

Apr 19, 2024 | 05:30 am

The crypto market is buzzing with excitement as a new bull run ushers in tantalizing […]

Altcoin Season Is About To Start – Full Guide For 40-100X Portfolio

Apr 19, 2024 | 05:28 am

The post Altcoin Season Is About To Start – Full Guide For 40-100X Portfolio appeared first on Coinpedia Fintech News The market is heating up, and the potential for substantial returns is drawing attention. As the bull run of 2024 continues, a period ripe for alternative coins is on the horizon, suggesting significant growth opportunities for investors. This guide aims to navigate through the surge, offering insights on maximizing portfolio growth with a strategic approach …

3 Key Facts About Bitcoin Halving You Need to Know

Apr 19, 2024 | 05:28 am

As the 2024 Bitcoin halving approaches, with fewer than 100 blocks remaining, interest in the event has surged to unprecedented levels. Recent Google Trends data reveals that searches for "Bitcoin halving" have reached a score of 45 and are expected to climb to 100 by month's end, marking the highest level of public curiosity about the event to date. The post 3 Key Facts About Bitcoin Halving You Need to Know appeared first on CoinChapter.

Games will have their own blockchain period, says Avalanche Korea GM

Apr 19, 2024 | 05:27 am

Avalanche, the dAPPs platform, and its Korea General Manager, Justin Kim, discussed the future of blockchain technology and the importance of developing a gaming-specific infrastructure at the ‘After GDC 2024’ event held on the 18th at the Pangyo Startup Campus conference hall. Kim mentioned that developers were working on a variety of games using Avalanche. …

Why These 2 A.I Cryptocurrencies Option2Trade (O2T) and Singularity Will Dominate 5% Of The Global Crypto Market Cap

Apr 19, 2024 | 05:24 am

SingularityNET (AGIX) and Option2Trade (O2T) are poised to carve out a significant share of the global cryptocurrency market cap, anticipated to reach up to 5%. Both platforms leverage groundbreaking AI technology to offer unique solutions that set them apart in the rapidly evolving crypto landscape. This article delves into the factors that position SingularityNET (AGIX) […]

Cardano (ADA) Soars: Predicting Peaks Post Bitcoin Halving

Apr 19, 2024 | 05:23 am

As the Bitcoin halving nears, Cardano (ADA) is poised for significant growth. Analysts predict a possible 25% increase in ADA’s value by the end of April. Cardano (ADA), a top contender in the cryptocurrency market, has captured the attention of global investors. With the impending Bitcoin halving event, the excitement within the Cardano community is [...]

Top 3 Crypto Performers Amid Market Crash

Apr 19, 2024 | 05:22 am

The cryptocurrency market has recently experienced a dramatic highs and lows. However, amid the tumultuous environment, 3 crypto have emerged as noteworthy performers over the past month: Toncoin, Bitcoin Cash, and Dogecoin. These digital assets have shown resilience and notable performance, despite the broader market downturn. The post Top 3 Crypto Performers Amid Market Crash appeared first on CoinChapter.

Bitcoin Technical Analysis: BTC Faces Volatile Day of Trading and Complex Dynamics

Apr 19, 2024 | 05:20 am

As bitcoin navigates a tumultuous trading range between $60,022 and $65,430, market analysts scrutinize oscillators and moving averages for future price direction clues. The cryptocurrency’s price hovers at around $65,110 on April 19, 2024, reflecting a volatile day for traders after the escalating conflict in the Middle East and ahead of the halving. Bitcoin Bitcoin’s […]

FTX empties FTT treasury wallet, transferring assets worth over $250 million

Apr 19, 2024 | 05:18 am

The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18. Arkham Intelligence’s dashboard showed that the transferred assets from the FTT Treasury wallet include 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million. […] The post FTX empties FTT treasury wallet, transferring assets worth over $250 million appeared first on CryptoSlate.

Pax Dollar Panic: The Three-Hour Surge That Shook the Crypto World

Apr 19, 2024 | 05:14 am

In a startling twist for crypto enthusiasts, the Pax Dollar (USDP) stablecoin momentarily broke away from its $1 peg, escalating to $1.29 on April 16. This sudden increase, then quickly returned to $1 in just three hours, shows how sensitive and active crypto pricing can be. The post Pax Dollar Panic: The Three-Hour Surge That Shook the Crypto World appeared first on CoinChapter.

DeFi TVL Surges: Ethereum Liquid Restaking Boosts Growth to $98 Billion

Apr 19, 2024 | 05:13 am

TL;DR DeFi’s Major Comeback: The total value locked (TVL) in DeFi platforms has surged from $36 billion in Q4 2023 to nearly $98 billion in Q1 2024, marking an 81% growth. This growth is largely attributed to staking, liquid staking, restaking, and liquid restaking. Standout Performers: Lido, holding a 62% market share in the liquid staking ecosystem, and ... Read more

Bitcoin slacks ahead of halving, but analysts want you to pay attention to this historical data

Apr 19, 2024 | 05:11 am

While sentiments are mixed now, market players point to bullish data unfolding on the technical chart.

Inside BNB Chain’s latest 30-day low – How and why did it happen?

Apr 19, 2024 | 05:00 am

The decline in user activity on BNB Chain has resulted in a drop in network fees and revenue.

BTC to $600,000 Price — Willy Woo Forecasts Bitcoin to Outshine Gold Market Cap Post-ETF Era

Apr 19, 2024 | 05:00 am

Renowned Bitcoin analyst Willy Woo believes that Bitcoin's market capitalization will surpass gold as excitement around spot Bitcoin Exchange Traded Funds (ETFs) subsides and capital inflows soar.

Decoded: Why Everyone’s Suddenly Googling ‘Bitcoin Halving’

Apr 19, 2024 | 05:00 am

The digital gold rush is back on. With the next Bitcoin halving event just around the corner, excitement in the cryptocurrency world has reached a fever pitch. Google Trends data reveals a record-breaking surge in global searches for “Bitcoin halving,” with scores hitting an unprecedented 45 and analysts predicting a potential climb to a perfect […]

The CEO of Ripple Reveals a Global Expansion Plan and Predicts the Crypto Market Will Double in Just One Year

Apr 19, 2024 | 04:57 am

TL;DR Ripple announces plans for global expansion and the launch of a US dollar-backed stablecoin by 2027. Brad Garlinghouse aims to expand the company’s presence outside the United States. The CEO predicts a doubling of the crypto market size by the end of 2024. In a recent announcement, Ripple has revealed its ambitious plans for ... Read more

Blockchain Expo North America 2024 set to showcase latest developments in crypto innovation

Apr 19, 2024 | 04:54 am

Blockchain developers, influencers, leaders, investors, entrepreneurs, and business owners from around the world are gearing up for this year’s Blockchain Expo North America 2024, one of North America’s premier blockchain and cryptocurrency events, which will take place on 5th and 6th June 2024 at the Santa Clara Convention Center, in California. The event will generate opportunities […] The post Blockchain Expo North America 2024 set to showcase latest developments in crypto innovation appeared first on CoinJournal.

UAE Pro League partners with Chiliz for Web3 fan engagement

Apr 19, 2024 | 04:49 am

The ADNOC Pro League, also known as The UAE Pro League, is a football league in the United Arab Emirates. It features competition among fourteen clubs. Established in 1973, this league operates through a system of promotion and relegation. Al Orouba (Sharjah) clinched the title, while Al Ain boasts a record of securing 14 league …

Bitcoin in the Thick of a ‘Danger Zone,’ According to Crypto Analyst – Here’s His Outlook

Apr 19, 2024 | 04:45 am

A cryptocurrency analyst and trader is issuing a warning on Bitcoin (BTC) amid a significant market correction. The analyst pseudonymously known as Rekt Capital tells his 73,400 YouTube subscribers that Bitcoin is currently experiencing a correction which typically occurs ahead of the halving. “So we’ve been talking about this danger zone for a while and […] The post Bitcoin in the Thick of a ‘Danger Zone,’ According to Crypto Analyst – Here’s His Outlook appeared first on The Daily Hodl.

BEFE Coin: The Cryptocurrency Poised for a Price Revolution

Apr 19, 2024 | 04:30 am

Since the introduction of cryptocurrency, its adoption has been on the rise as many potential traders are preferring it as a means of payment, with the likes of Bitcoin, Ethereum and BNB, showcasing the potential and how secured the crypto space has evolved into. As the cryptocurrency market keeps making progress, we now see the [...]

Bitget Wallet Rolls Out BWB Points Airdrop, Strengthening Collaboration with Ethena

Apr 19, 2024 | 04:30 am

Victoria, Seychelles, April 19th, 2024, Chainwire Bitget Wallet, one of the largest Web3 wallets in Asia and recognized globally, has partnered with Ethena, an Ethereum-based synthetic dollar protocol. Following this collaboration, users, who deposited at least 100 USDT over the past three months on Ethena will receive BWB points airdrop. In the future, the BWB […] The post Bitget Wallet Rolls Out BWB Points Airdrop, Strengthening Collaboration with Ethena appeared first on CoinJournal.

The Next Dogecoin? Top Trader Points To This Memecoin

Apr 19, 2024 | 04:30 am

Crypto trading sensation Ansem, known on X (formerly Twitter) as @blknoiz06, has directed the market’s gaze towards the Bitcoin Runes ecosystem, labeling it as the nascent grounds for the next 100x crypto opportunity, as NewsBTC reported yesterday. Ansem, whose prowess is well-documented through his previous astronomical gains of 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x on Bonk (BONK), stirred the crypto community with his recent Dogecoin comparison. On the cusp of Bitcoin’s highly anticipated halving today, Ansem doubled down on his initial assessment, particularly highlighting two tokens within the Bitcoin Runes ecosystem: Bitcoin Wizards (WZRD) and PUPS. He equates WZRD with Dogecoin, suggesting it has the potential to mirror Dogecoin’s viral success. In contrast, he compares PUPS to the lesser-known but highly profitable dogwifhat (WIF). Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? In a tweet that caught the eye of both investors and enthusiasts, Ansem elaborated on his reasoning behind the picks, stating: Great thread, been saying, I believe Runes are next asymmetric 100x opp in crypto. The meme that got DOGE founder interested in Bitcoin & the phrase magic internet money is still used today – representative of bitcoin culture. DOGE equivalent = WZRD, WIF equivalent = PUPS. Ansem references a thread on X by Immutable Edge (@ImmutableSOL), who delved into the historical and cultural significance of the “Magic Internet Money” meme, originally sparked by mavensbot’s viral Reddit ad. The “Magic Internet Money” meme dates back to February 18, 2013, when mavensbot, a digital artist, submitted a hand-drawn depiction of a blue wizard to promote Bitcoin on Reddit. This ad, created during Bitcoin’s early adoption phase, was crucial in cultivating a cultural ethos around Bitcoin. It resonated deeply within the community, encapsulating the whimsical yet revolutionary nature of Bitcoin’s rise. The ad’s simplicity and authenticity resonated with the Reddit community, propelling Bitcoin from a niche internet experiment to a major financial phenomenon. Within weeks of the ad’s debut, Bitcoin’s value surged from $27 to a record high of $1,132 by November 2013. Related Reading: Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over Bitcoin Wizards, one of the highlighted tokens, aims to rekindle this original spirit. The token leverages the iconic imagery and cultural narrative of the “Magic Internet Money” meme to foster a new wave of interest and adoption. The creators of WZRD are not only paying homage to Bitcoin’s roots but are also embedding this storied meme within the mechanics of a modern cryptocurrency, aiming to capture both nostalgia and innovation. The Bitcoin Wizards project is part of the broader Bitcoin Runes ecosystem, which reached a lot of hype prior to its launch. According to Ansem, WZRD’s history and deep roots in memes give it the perfect ingredients to become the next Dogecoin, just on Bitcoin Runes. Moreover, the analyst assessment comes at a critical time for the crypto market, which is often influenced by the narratives that capture the community’s imagination. As the Bitcoin halving event unfolds, many eyes will be on the Bitcoin Runes ecosystem to see if it can indeed replicate the meteoric rises seen in BRC-20 tokens and Ordinals. At press time, WZRD traded at $12.15, up 70% in the last 24 hours. Featured image created with DALL·E, chart from TradingView.com

The Next Dogecoin? Top Trader Points To This Memecoin

Apr 19, 2024 | 04:30 am

Crypto trading sensation Ansem, known on X (formerly Twitter) as @blknoiz06, has directed the market’s gaze towards the Bitcoin Runes ecosystem, labeling it as the nascent grounds for the next 100x crypto opportunity, as NewsBTC reported yesterday. Ansem, whose prowess is well-documented through his previous astronomical gains of 170x on Solana (SOL), 520x on dogwifhat [...] The post The Next Dogecoin? Top Trader Points To This Memecoin appeared first on Crypto Breaking News.

JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs

Apr 19, 2024 | 04:28 am

Jamie Dimon, JPMorgan CEO, called Bitcoin a “Ponzi scheme.” Dimon’s criticism comes despite JPMorgan’s involvement in Bitcoin ETFs. Bitcoin’s recent price volatility highlights ongoing debates in the cryptocurrency market. JPMorgan Chase CEO Jamie Dimon has once again voiced his scepticism towards Bitcoin (BTC), dubbing it a ‘Ponzi scheme’ during an interview on Bloomberg TV. During […] The post JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs appeared first on CoinJournal.

Stablecoin distribution reveals liquidity patterns in DeFi

Apr 19, 2024 | 04:20 am

Stablecoins are the foundation of the DeFi ecosystem. Given the relatively high barriers to entry for fiat currencies and the operational complexities associated with bridging Bitcoin into DeFi protocols, they are the crucial conduits through which liquidity flows and fuels the sector. Tracking the distribution of stablecoins and their market caps across different blockchain platforms […] The post Stablecoin distribution reveals liquidity patterns in DeFi appeared first on CryptoSlate.

Study: Q1 Spot-Traded Volumes of Top 10 Exchanges Nearly Double to $4.29 Trillion

Apr 19, 2024 | 04:18 am

In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC exchange-traded fund (ETF) was the […]

Merlin Chain Unleashes $MERL – Ushering in a New Era of Bitcoin Layer 2 Innovation

Apr 19, 2024 | 04:15 am

The Bitcoin Layer 2 landscape is about to experience a seismic shift with the launch of $MERL, the native token of Merlin Chain. As the largest Layer 2 protocol by total value locked (TVL), Merlin Chain has emerged as a trailblazer in the realm of decentralized applications (DApps), revolutionizing sectors like DeFi, gaming, and social […]

Banking Giants Expect BTC Price to Remain High After Halving

Apr 19, 2024 | 04:09 am

TL;DR The much-anticipated Bitcoin halving event is expected to occur around April 19-20, which will cut the rewards provided to Bitcoin miners in half, slowing the creation of new coins. Analysts from banking giants JPMorgan and Deutsche Bank suggest that the impact of the halving event on Bitcoin’s price may not be as significant as some expect, ... Read more

Earn USDC Staking Rewards With Octoblock Which May Outperform Bitcoin Price

Apr 19, 2024 | 04:05 am

DeFi (Decentralized Finance) is a universe of investment possibilities, but it is difficult to manage […]

Investors Remain Positive On 10x Targets For NuggetRush Token While Litecoin And Dogecoin Prices Drop

Apr 19, 2024 | 04:00 am

NuggetRush (NUGX) has completed its presale and is preparing for an airdrop on April 23, 2024, to attract more investors. It integrates play-to-earn (P2E) and meme trends, offering unique tokenomics and real-world utilities. Litecoin (LTC) hit a 45-day low of $70.72 due to geopolitical tensions, causing a crypto sell-off. Strategic investors are buying billions worth [...]

Bitcoin halving price prediction – Identifying BTC’s potential price levels

Apr 19, 2024 | 04:00 am

A shake-up may be imminent depending on how Bitcoin treats its holders. Here's what's coming after the halving...

Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions

Apr 19, 2024 | 04:00 am

PRESS RELEASE. April 19th, 2024 — Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), […]

Bitcoin Rally Looms: Anthony Scaramucci Sets Long-Term Target At $200,000

Apr 19, 2024 | 04:00 am

Cryptocurrency leader Bitcoin is in the limelight as Anthony Scaramucci, the founder of SkyBridge Capital, makes a daring forecast, envisioning BTC to reach an astounding $200,000 in the long run, as the digital asset continues to draw in investors from all around the world. Scaramucci Optimistic About Bitcoin Long-Term Growth SkyBridge Capital founder Anthony Scaramucci […]

ADA Price Drama: Will Cardano Sink to $0.25 or Surge Towards $1? Analysts Debate Next Move

Apr 19, 2024 | 03:58 am

As market sentiment remains volatile, Cardano's (ADA) price is fighting to stay above the $0.45 threshold.

Dogwifhat’s 5% Spike: Is Coinbase Listing Fueling the Rally?

Apr 19, 2024 | 03:58 am

The recent 5% spike in Dogwifhat (WIF) is potentially linked to the “Coinbase Effect” associated with new listings on the exchange. Dogwifhat could approach previous highs if trends following its upcoming Coinbase listing hold true. The Dogwifhat token, abbreviated as WIF, has recently experienced a notable 5% increase in price, making it a standout performer [...]

Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions

Apr 19, 2024 | 03:51 am

April 19th, 2024 — Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), gaming and [...]

SUI is now available for on-chain staking on Crypto.com

Apr 19, 2024 | 03:40 am

SUI recently announced the release of its on-chain staking feature on Crypto.com. The announcement was made via an official post on Crypto.com’s website. With staking, Crypto.com secures the token’s blockchain technology while putting idle assets to work. The platform provides users with a chance to earn up to 4% in token rewards. Besides this, the …

Mr. Gamble Positions Itself at the Forefront of the Bitcoin Market With Crypto Casino Review Tools

Apr 19, 2024 | 03:30 am

As the Bitcoin market shows promising signs of entering a new bullish phase, Mr. Gamble, […]

Ethereum Price Near Do-or-Die Levels, Can ETH Bears Take Over?

Apr 19, 2024 | 03:16 am

Ethereum (ETH) is struggling to stay above $3,000. The bears could gain strength if they manage a weekly close below $2,900. The post Ethereum Price Near Do-or-Die Levels, Can ETH Bears Take Over? appeared first on CoinChapter.

Bitcoin Minetrix Offers Last Chance to Break into Bitcoin Before Halving Event

Apr 19, 2024 | 03:14 am

Is Bitcoin Prime to reach a staggering $150,000 in the wake of the approaching Bitcoin Halving event? This sentiment is shared among analysts; however, it is often accompanied by a crippling fear: “Is it too late to buy into Bitcoin?” This question plagues novices and seasoned adherents wary of missing the golden opportunity. A new […]

Polkadot’s Jam Upgrade: A Sneak Peek into a Potential Network Revamp

Apr 19, 2024 | 03:11 am

The upcoming Polkadot JAM upgrade is expected to transform the network by reducing transaction costs, minimizing latency, and improving the efficiency of the network. A $10 million prize pool has also been unveiled by the Web3 Foundation to foster diversity in the JAM protocol development. The Gray Paper outline of the much anticipated Join-Accumulate Machine [...]

Feature.io is working on Smart Content powered by Avalanche

Apr 19, 2024 | 03:10 am

Feature.io has announced working on Smart Content. The entertainment studio is leveraging the essentials of Avalanche to elevate the experience of viewers. The idea behind building Smart Content on the Avalanche network is to empower studios and brands to integrate more elements of Web3 while also sharing the benefits with the viewers. For instance, watching …

Live from TOKEN2049: Telos announces Ethereum Layer 2 partnership with Ponos Technology

Apr 19, 2024 | 03:03 am

Telos has revealed the details of a new partnership with Ponos Technology to develop a hardware-accelerated Ethereum L2 zkEVM network Plans for the new network were officially unveiled live today at TOKEN2049 in Dubai, where Telos is a title sponsor TOKEN2049 is one of the world’s top crypto events, bringing together 10,000 attendees from more […] The post Live from TOKEN2049: Telos announces Ethereum Layer 2 partnership with Ponos Technology appeared first on CoinJournal.

Solana’s devnet outage – Why SOL’s 11% rally could come to a halt

Apr 19, 2024 | 03:00 am

Solana's development network recorded an unexpected outage. Here's what it means for SOL...

Octoblock Pushes Boundaries By Airdropping USDC Rewards To Holders, Can XRP Keep Up?

Apr 19, 2024 | 03:00 am

The ground-breaking Octoblock’s USDC airdrop rewards are a bold step driving the new DeFi challenge redefining the cryptocurrency arena. Octoblock leverages the stability and utility of USDC to provide comprehensive value to OCTO holders. As Octoblock’s strategy hits the ground running, questions abound about whether XRP can manage the OCTO pace. XRP Lawsuit Ripple (XRP) [...]

Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude

Apr 19, 2024 | 02:57 am

Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran. During the past week, the crypto industry slumped amid escalating tensions in the Middle East and plunged again in the early hours as news broke of Israel’s retaliation on Iran. However, following the muted response from Iran […] The post Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude appeared first on CryptoSlate.

Ripple’s Grand Plan Unveiled: XRPL NFTs to Steal the Show with Millions of Users Set to Join Initiative

Apr 19, 2024 | 02:42 am

SBI Group will introduce NFTs on the XRP Ledger for Expo 2025 Osaka, enhancing visitor experiences with digital collectibles. With an estimated 28 million attendees, the integration of blockchain technology marks a significant shift in event engagement. SBI Group, a prominent financial services conglomerate headquartered in Japan, has unveiled plans to introduce non-fungible tokens (NFTs) [...]

Aptos labs inks deals with several companies to nurture Aptos Ascend

Apr 19, 2024 | 02:40 am

Aptos Labs, a prime blockchain framework builder, has inked calculated deals with multiple businesses to breathe life into Aptos Ascend. In the case of Aptos Ascend, it is a digital asset-controlling platform dedicated to financial institutions. It will utilize Microsoft Azure, a cloud computing base, and an Azure OpenAI Service, a language module. It can …

Will Bitgert Coin’s Price Soar After Bitcoin Halving? Here’s What Experts Say

Apr 19, 2024 | 02:33 am

As Bitcoin’s halving approaches, eyes are on its effect on the smaller cryptos, including Bitgert Coin. It’s an event that calls more activity and market strategy from most investors, so if holding or considering the case of Bitgert investments, this is a critical time. Bitcoin Halving: The Truth Decoded Bitcoin halving is a programmed event [...]

Cardano Enters New Era Of Decentralized Governance: Foundation CEO

Apr 19, 2024 | 02:30 am

In a post on X, Frederik Gregaard, CEO of the Cardano Foundation, articulated the imminent advancements towards a decentralized governance structure, marked by the introduction of an interim constitution. This initiative precedes the anticipated Chang hard fork, which will herald the Voltaire era of community-driven governance on the blockchain. The Interim Constitution For Cardano Gregaard’s […]

Will Crypto Break the $5 Trillion Barrier? Ripple CEO Fumbles His Prediction

Apr 19, 2024 | 02:30 am

Ripple CEO Brad Garlinghouse revises his prediction, now foreseeing the crypto market potentially reaching a $5 trillion cap by end of 2024. Garlinghouse criticizes the U.S. government’s strict regulatory stance, advocating for more innovation-friendly policies. In a recent update from CNF, Ripple Labs CEO Brad Garlinghouse remains steadfast in his commitment to challenging the SEC’s [...]

H2O DAO Upgraded, Bringing More Aggregated Information to Users

Apr 19, 2024 | 02:30 am

After a series of partnerships and AMAs following high-profile listing, H2O DAO is thriving in the market. Yet, with the aim to empower users and offer them the most updated benefit from the industry, H2O Dao is exploring new mechanisms to boost the ecosystem. The newly upgraded system is a vivid example. H2O is the [...]

SEC Amends Lawsuit Against Tron Founder, Asserting US Jurisdiction

Apr 19, 2024 | 02:22 am

The United States Securities and Exchange Commission (SEC) has filed an amended lawsuit against Tron founder Justin Sun, claiming he spent a significant amount of time in the U.S., thus granting the SEC jurisdiction over him and his businesses. The SEC alleges that Sun’s extensive travel within the U.S., totaling at least 380 days between […]

Simpleminers model innovation: use “one-click investment” to take you into a new era of making money

Apr 19, 2024 | 02:20 am

With the approval of ETF in the United States and the strong purchases by investment […]

Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia

Apr 19, 2024 | 02:15 am

A widely followed crypto analyst and trader is expressing bullish sentiment on a Solana (SOL) competitor while offering his forecast on three altcoins. Starting with Sei (SEI), the analyst pseudonymously known as Altcoin Sherpa tells his 215,200 followers on the social media platform X that the native token of the layer-1 blockchain “could be a […] The post Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia appeared first on The Daily Hodl.

The potential of Bitgert Coin: A post-Bitcoin halving analysis

Apr 19, 2024 | 02:15 am

Bitcoin has been experiencing a downward trend in pricing since the last month. The profit made in the last few months has already halved and now people are talking about the alternative to Bitcoin token. Bitgert (BRISE) coin is on the brink of being coined as the most profitable currency in the market and the …

Analyst Forecast: Litecoin Poised For $250-$300, But Can It Hold?

Apr 19, 2024 | 02:10 am

Litecoin (LTC) is proving its toughness in the wild world of crypto. Even with recent ups and downs in the market, Litecoin is holding steady, making investors hopeful about its future. While its price dipped a bit, experts and some charts are pointing towards a big comeback for LTC. Related Reading: Toncoin Unleashes DeFi Monster Growth: TVL Soars 300% In A Month Stability In The Midst Of Market Swings Litecoin’s recent performance stands in stark contrast to the broader market trend. While its price did experience a correction, dropping from a peak of $112 to its current value around $81.12, the decline has been relatively muted compared to other cryptocurrencies. Analyst Insights And Bullish Predictions Financial experts are taking note of Litecoin’s recent performance. Matthew Dixon, CEO of Evai.io, has highlighted LTC’s resilience compared to Bitcoin during this period of market volatility. He attributes this stability to the possibility that Litecoin may have already completed a corrective phase, a period of price adjustment often followed by an upward trajectory. This suggests that Litecoin could be poised for significant growth in the near future. $Ltc#Ltc Gave Golden Chance For Those Who Missed Earlier Bouncing From Trendline Still Expecting Move Towards 250-300$ In Coming Months https://t.co/Uyv82IeTpp pic.twitter.com/bYo4cQ9ylx — World Of Charts (@WorldOfCharts1) April 15, 2024 Adding to the optimistic outlook is respected crypto analyst World Of Charts. Their analysis suggests advantageous entry points for investors considering Litecoin. Additionally, they have identified a robust support level, which acts as a price floor and prevents excessive downward movement. Based on these factors, World Of Charts forecasts a target range of $250 to $300 for LTC in the coming months, expressing strong confidence in its potential for substantial growth. LTC market cap nearing the $6 billion level. Chart: TradingView.com Litecoin Starts Q2 With A Dip, But Investors Eye Rebound Litecoin (LTC) has gotten off to a rocky start in Q2, with its price falling 12% from $112 to $96. This decline can be attributed to two main factors. First, a broader market correction is impacting cryptocurrencies across the board. Second, some investors who bought in during Litecoin’s Q1 surge from $72 to $112 may be taking profits, further pressuring the price. Related Reading: All Quiet On The Bitcoin ETF Front – Should You Be Paranoid? Despite the recent slump, there are reasons for Litecoin investors to remain optimistic. Many investors still believe in the long-term potential of LTC, and some experts predict a price rise to $150 by June. The upcoming Bitcoin halving event, which some believe will drive up Bitcoin’s price, could also have a positive spillover effect on Litecoin. LTC price action in the last 24 hours. Source: Coingecko Featured image from Pixabay, chart from TradingView

Analyst Forecast: Litecoin Poised For $250-$300, But Can It Hold?

Apr 19, 2024 | 02:10 am

Litecoin (LTC) is proving its toughness in the wild world of crypto. Even with recent ups and downs in the market, Litecoin is holding steady, making investors hopeful about its future. While its price dipped a bit, experts and some charts are pointing towards a big comeback for LTC. Stability In The Midst Of Market [...] The post Analyst Forecast: Litecoin Poised For $250-$300, But Can It Hold? appeared first on Crypto Breaking News.

Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions

Apr 19, 2024 | 02:08 am

Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), gaming and social platforms. Since its […] The post Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions appeared first on CoinJournal.

Top 4 Massively Undervalued Coins That Can 100X Your Crypto Portfolio

Apr 19, 2024 | 02:00 am

The crypto analyst behind the Altcoin Buz YouTube channel recently revealed three altcoins that he believes are “massively undervalued.” These altcoins included Secret Network (SCRT), Sui (SUI), and Toncoin (TON). He suggested investing in these altcoins could potentially give crypto investors significant returns. While the crypto community acknowledged these altcoins’ potential, they pointed out that […] The post Top 4 Massively Undervalued Coins That Can 100X Your Crypto Portfolio appeared first on CoinChapter.

Bittensor and Toncoin Show Quick Bounce While Milei Moneda Presale Presents the Bigger Chance for Gains

Apr 19, 2024 | 02:00 am

As Binance welcomes Bittensor (TAO) alongside its renowned listings, excitement surges among investors. Toncoin’s (TO) ascent to become the 8th largest crypto fuels price increase. Milei Moneda’s ($MEDA) deflationary journey further intensifies the crypto landscape, promising investors unique advantages and profits. Bittensor’s TAO Listing on Binance Sparks Excitement The recent announcement of Bittensor’s (TAO) listing [...]

Shiba Inu Whales Show Mixed Sentiment, Toncoin Surpasses Dogecoin, Investors Embrace Rebel Satoshi Arcade

Apr 19, 2024 | 02:00 am

Shiba Inu Whales has accumulated $2.85 trillion in SHIB tokens but has also dumped $3 trillion in tokens. Toncoin has flipped Dogecoin in terms of market cap. Rebel Satoshi Arcade’s newly launched coin has received massive adoption. The crypto market saw a massive liquidation over the weekend, thanks to the battle between Israel and Iran. [...]

stc Bahrain and Avalanche unite to advance Web3 in MENA region

Apr 19, 2024 | 02:00 am

stc Bahrain enters into an exclusive agreement with Ava Labs to facilitate the implementation of an Avalanche Subnet, which is a component of the company’s Web3 launchpad initiative. stc Bahrain is dedicated to expediting the adoption and progression of blockchain technology across the Middle Eastern region. This collaboration was unveiled at the Token 2049 event …

This ‘risky’ stablecoin edges Tether, Circle, but… – Arthur Hayes

Apr 19, 2024 | 02:00 am

Ethena's USDe has recorded explosive growth over the past month. Can it compete with Tether and Circle given its inherent risks?

Banking giants take part in UK Finance’s Regulated Liability Network experimentation

Apr 19, 2024 | 02:00 am

UK Finance's RLN experimentation will focus on three primary aspects: reducing fraud in online marketplaces, improving customer transparency, and establishing a digital bond settlement. [...] Read More... The post Banking giants take part in UK Finance’s Regulated Liability Network experimentation appeared first on CoinGeek.

Dogecoin20 launch day is here – The next big doge-inspired meme about to explode

Apr 19, 2024 | 01:36 am

Dogecoin20, a new ERC-20 meme coin, attracted massive attention when it appeared on the market recently. The remarkable success of the presale speaks volumes, with Dogecoin20 raising an impressive $10 million within one month. Originally scheduled to debut on crypto exchanges on April 20th, affectionately known as Doge Day in the crypto sphere, the Initial …

Explore B2Core’s v1.22 Centroid Integration and Brand New IB Module

Apr 19, 2024 | 01:35 am

B2Broker is thrilled to announce a game-changing update to the B2Core iOS app (v1.22)! B2Core […]

Nigerian Instagram Celebrity Could Face Jail Time for ‘Spraying’ National Currency

Apr 19, 2024 | 01:33 am

Nigerian Instagram celebrity, Pascal Okechukwu, has pleaded not guilty to three counts of abusing naira banknotes. The charges against Okechukwu relate to three incidents in which he allegedly tampered with or “sprayed” NGN500 banknotes. Another Nigerian celebrity, Oluwadarasimi Omoseyin, received a six-month prison sentence for the same offence. Nigerian Authorities Clamp Down on Naira ‘Spraying’ […]

DF85 completes and DF86 launches

Apr 19, 2024 | 01:28 am

DF86 is live today. As the ASI merger votes remain unconfirmed, Ocean Protocol has paused passive DF and volume DF rewards, but Predictoor claims are still active. The Ocean Protocol is collaborating with FETCH and SingularityNET to make things easier. Their merger will result in a superintelligence alliance with the unique token $ASI. It will …

Bitcoin Set To Soar To $200,000 Post-Halving: Skybridge Founder

Apr 19, 2024 | 01:10 am

In a recent interview on the future of Bitcoin, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has made a compelling prediction that the Bitcoin price could potentially reach $200,000 following its forthcoming halving event. This forecast comes at a time of considerable volatility within the crypto markets, exacerbated by recent geopolitical tensions and broader economic uncertainty. Bitcoin Poised To Hit $200,000 During the interview, Scaramucci provided insights into the forces he believes will drive Bitcoin’s price in the coming months. “Well, I mean, look, you could get shocks like wars and you could get, you know, God forbid a terrorist calamity or something like that that could take Bitcoin down 10 or 15%,” he explained. Despite potential short-term setbacks, Scaramucci emphasized the underlying demand dynamics bolstering Bitcoin’s price, particularly highlighting the influence of new financial products like ETFs and the growing interest from institutional investors. Related Reading: Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different? He elaborated on his bullish outlook, linking it to the anticipated Bitcoin halving, an event that historically impacts the supply side of Bitcoin economics by reducing the reward for mining new blocks, thereby constraining supply. “But long term with the halving coming this week, I think this thing trades to $170,000, possibly to $200,000,” Scaramucci asserted. The discussion also veered into the broader implications of Bitcoin’s integration into traditional financial products, such as ETFs. Scaramucci argued that these instruments play a critical role in broadening Bitcoin’s investor base. He dismissed concerns over the potential for ETFs to lead to centralization of Bitcoin ownership. “In terms of adoption vis-a-vis the ETF, you look out your four-year time horizon. […] It will still be less than 10 % of the overall ownership of Bitcoin. So this whole notion that the ETFs are gonna overly centralize Bitcoin, I don’t buy it. I think what the ETFs are, though, is they’re a great conduit for people that are used to buying them.” BTC Is Still In The Web 1.0 Era Scaramucci compared Bitcoin’s trajectory to the early internet era, particularly drawing parallels with significant tech stocks like Amazon during the dot-com bubble. “In 1999, Amazon was an emerging stock on an emerging technology, and it was quite volatile. And you lost 20 to 50 % eight times on Amazon. You lost 80%. Yeah, that one time in March of 2020, it went down 80%. But if you held Amazon over that period of time, $10,000 is worth a little over $14 million today.” Related Reading: No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm He also addressed concerns about Bitcoin’s practical uses, contrasting its current utility with more traditional assets like gold, which also do not offer direct cash flow. Scaramucci highlighted innovative financial practices within the crypto ecosystem that provide returns similar to traditional cash flow, such as yield-generating accounts and borrowing agreements available through platforms like Galaxy Digital. Regarding potential market downturns akin to the dot-com bust, Scaramucci acknowledged the risks but remained optimistic about Bitcoin’s resilience and long-term value proposition. “I think if we go through a dot-com bust in the broader market in the next year or two, I think you’ll have a price shock in Bitcoin consistent with a dot-com bust. However, if you’re willing to hold that asset, which we are over a rolling four-year period of time, no one has ever lost money in Bitcoin,” he noted, underscoring the importance of a long-term investment horizon. At press time, the BTC price rallied back above $64,000. Featured image from Bloomberg, chart from TradingView.com

Bitcoin Set To Soar To $200,000 Post-Halving: Skybridge Founder

Apr 19, 2024 | 01:10 am

In a recent interview on the future of Bitcoin, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has made a compelling prediction that the Bitcoin price could potentially reach $200,000 following its forthcoming halving event. This forecast comes at a time of considerable volatility within the crypto markets, exacerbated by recent geopolitical tensions [...] The post Bitcoin Set To Soar To $200,000 Post-Halving: Skybridge Founder appeared first on Crypto Breaking News.

JPMorgan Throws Cold Water On Bitcoin Halving Rally: Price Drop Incoming?

Apr 19, 2024 | 01:00 am

As the fourth Bitcoin halving looms on the horizon, the cryptocurrency world finds itself divided between optimism and caution regarding its potential impact on the market. With less than a day remaining until the scheduled event, industry experts are weighing in on what the future may hold for the world’s most popular digital currency. Related […]

Gate.io Introduces Quant Fund – A New Era of Wealth Management for Digital Assets

Apr 19, 2024 | 00:35 am

Gate.io is excited to announce the official launch of its Wealth Management flagship product – the Quant Fund, a groundbreaking wealth management solution designed for high-net-worth investors keen on exploring the digital assets space. We warmly invite you to be a part of this pioneering journey in wealth accrual by

Exec – Bitcoin’s post halving prediction could see BTC’s price hit $200K

Apr 19, 2024 | 00:30 am

Will the leading cryptocurrency adhere to historical patterns and soar to $200k post-halving?

Dubai Defies Nature’s Fury: Global AI and Blockchain Shows Shine Through Adverse Weather

Apr 19, 2024 | 00:15 am

PRESS RELEASE. Dubai, April 19, 2024: Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. The heavy rainfall that hit Dubai on Tuesday this week, most […]

Toncoin Unleashes DeFi Monster Growth: TVL Soars 300% In A Month

Apr 19, 2024 | 00:10 am

Toncoin, of the TON network, has captured the attention of the cryptocurrency community as its Total Value Locked (TVL) surpasses a staggering $148 million, marking a historic milestone. This meteoric rise, reported by DefiLlama, showcases an almost threefold increase in just one month and a jaw-dropping tenfold surge over the course of a year. As of the latest update, TON’s TVL stands firm at slightly over $146 million, underscoring its growing prominence in the decentralized finance (DeFi) landscape. Related Reading: All Quiet On The Bitcoin ETF Front – Should You Be Paranoid? Unprecedented Growth And Leading Projects Within the TON ecosystem, standout performers in TVL include the Tonstakers liquid staking protocol and the STON.fi decentralized exchange. Together, these projects boast a combined total value of locked assets exceeding $283 million. Toncoin Surges As Market Dynamics Shift Amidst the flurry of activity, Toncoin emerges as the darling of the crypto market, experiencing a remarkable surge in value. Over the past month, Toncoin has skyrocketed by over 60%, propelling it to new all-time highs multiple times throughout April. Currently trading at around $6.25, Toncoin’s ascent shows no signs of slowing down. TON price action in the last month. Source: Coingecko Speculation And Partnership Buzz Fueling Toncoin’s ascent are rumors swirling within the crypto community regarding a potential partnership between the TON Society developer community and HumanCode, an AI development firm. While details remain scarce, speculation abounds, with many anticipating a major announcement that could further propel Toncoin’s price up. Gm 💎 Who’s ready for the big announcement?! pic.twitter.com/1i3dBKVYkG — TON 💎 (@ton_blockchain) April 18, 2024 Toncoin Overtakes Cardano in Market Capitalization Meanwhile, Toncoin has surpassed Cardano (ADA) in market capitalization, firmly establishing itself as a force to be reckoned with in the crypto market. With a market capitalization of over $22 billion, Toncoin now holds the coveted 8th position, relegating Cardano to the 11th spot. TON market cap currently at $24 billion. Chart: TradingView.com Market Analysis And Price Consolidation Despite its meteoric rise, Toncoin is currently navigating a period of consolidation, with traders and analysts closely monitoring key price levels and volume dynamics. As the cryptocurrency hovers between $6.50 and $6.75, both bulls and bears are poised for potential shifts in market sentiment. Crypto trader Paxton emphasizes the importance of volume in determining Toncoin’s trajectory, urging caution amidst the market’s ebbs and flows. Related Reading: Historical Data Sparks Excitement: VeChain Price Poised For A Bullish Breakout? As the TON network continues to defy expectations and Toncoin reaches unprecedented heights, all eyes remain fixed on this thriving ecosystem. With its innovative projects, strategic partnerships, and surging value, TON is poised to reshape the future of decentralized finance and redefine the possibilities of the crypto market. Featured image from Amazon, chart from TradingView

Toncoin Unleashes DeFi Monster Growth: TVL Soars 300% In A Month

Apr 19, 2024 | 00:10 am

Toncoin, of the TON network, has captured the attention of the cryptocurrency community as its Total Value Locked (TVL) surpasses a staggering $148 million, marking a historic milestone. This meteoric rise, reported by DefiLlama, showcases an almost threefold increase in just one month and a jaw-dropping tenfold surge over the course of a year. As [...] The post Toncoin Unleashes DeFi Monster Growth: TVL Soars 300% In A Month appeared first on Crypto Breaking News.

Bitcoin Primed To Skyrocket by up to 219%, Predicts Hedge Fund Veteran Anthony Scaramucci – Here’s the Timeline

Apr 19, 2024 | 00:04 am

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the […] The post Bitcoin Primed To Skyrocket by up to 219%, Predicts Hedge Fund Veteran Anthony Scaramucci – Here’s the Timeline appeared first on The Daily Hodl.

New US stablecoin bill doesn’t mention Tether, but it didn’t have to

Apr 19, 2024 | 00:00 am

The Gillibrand-Lummis bill intends to distinguish Tether and Circle as lawmakers look to allow state non-depository trust companies to issue stablecoins with market caps below $10 billion. [...] Read More... The post New US stablecoin bill doesn’t mention Tether, but it didn’t have to appeared first on CoinGeek.

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

Apr 18, 2024 | 23:22 pm

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

Ripple’s 3-Year Growth Strategy Unveiled By CEO Garlinghouse

Apr 18, 2024 | 23:00 pm

In an interview with FOX Business, Ripple CEO Brad Garlinghouse detailed the company’s ambitious plans for growth over the next three years, highlighted by the launch of a US dollar-backed stablecoin and a strategic expansion in international markets amidst ongoing regulatory challenges in the United States. Ripple CEO Unveils 3-Year Growth Plan When inquired about […]

Ethereum – A buy opportunity ahead of Bitcoin’s halving could emerge IF…

Apr 18, 2024 | 23:00 pm

The Open Interest behind Ethereum has slid dramatically over the last ten days - A sign of weak bullish conviction.

2024 Coinstore Premiere Brand Conference Has Completed Successfully

Apr 18, 2024 | 22:56 pm

One of the world’s leading cryptocurrency exchange, Coinstore,held “2024 Coinstore Premiere Brand Conference ” in Dubai on April 17. Established in 2020, within the span of three years,Coinstore has served over 700 project teams and covered over 7 millions users. After continuously evolving and expanding,Coinstore has established a strong presence

How to Add SatoshiVM to MetaMask

Apr 18, 2024 | 22:26 pm

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

Kraken Acquires TradeStation Crypto

Apr 18, 2024 | 22:23 pm

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

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Apr 18, 2024 | 22:22 pm

Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled for this use case, digital assets were already being used to settle international payments. […]

How is Tether used as a stablecoin in Defi applications?

Apr 18, 2024 | 22:13 pm

DeFi, which stands for Decentralized Finance, has the potential to change the way financial services are being offered by eliminating the roles of intermediaries such as banks and brokers. Blockchain technology is a decentralized, transparent platform where individuals can enter the system directly. Moreover, they do not need an intermediary during financial interactions with their …

HSBC CEO backs tokenization, shuns ‘crypto’

Apr 18, 2024 | 22:00 pm

CEO Noel Quinn says he’s “very comfortable with tokenization” and pledged to keep expanding HSBC’s offerings, which include tokenized gold for retail customers. [...] Read More... The post HSBC CEO backs tokenization, shuns ‘crypto’ appeared first on CoinGeek.

Post Bitcoin’s halving, XRP price’s could go THIS way in the next 7 days

Apr 18, 2024 | 22:00 pm

The last few weeks haven't been great for XRP or its holders. Why though?

BNB Price May Have Another Chance For A Bullish Streak: Here’s How

Apr 18, 2024 | 21:58 pm

BNB price is attempting a fresh increase from the $515 zone. The price could gain bullish momentum if it clears the $572 resistance zone. BNB price started a fresh increase after it found support near the $515 zone. The price is now trading below $555 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $572 resistance zone. BNB Price Faces Hurdles After a downside correction below $550, BNB price found support near the $515 zone. A low was formed at $513.6 and the price started a recovery wave, like Ethereum and Bitcoin. There was a move above the $525 and $530 resistance levels. The bulls pushed the price above the $540 pivot level and the 23.6% Fib retracement level of the downward move from the $630 swing high to the $513 low. There was also a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB/USD pair. The price is still trading below $550 and the 100 simple moving average (4 hours). Immediate resistance is near the $555 level. The next resistance sits near the $572 level or the 50% Fib retracement level of the downward move from the $630 swing high to the $513 low. Source: BNBUSD on TradingView.com A clear move above the $572 zone could send the price further higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $630 resistance. Any more gains might call for a test of the $650 level in the coming days. Another Decline? If BNB fails to clear the $572 resistance, it could start another decline. Initial support on the downside is near the $532 level. The next major support is near the $520 level. The main support sits at $515. If there is a downside break below the $515 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $465 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $532, $520, and $515. Major Resistance Levels – $555, $572, and $600.

BNB Price May Have Another Chance For A Bullish Streak: Here’s How

Apr 18, 2024 | 21:58 pm

BNB price is attempting a fresh increase from the $515 zone. The price could gain bullish momentum if it clears the $572 resistance zone. BNB price started a fresh increase after it found support near the $515 zone. The price is now trading below $555 and the 100 simple moving average (4 hours). There was [...] The post BNB Price May Have Another Chance For A Bullish Streak: Here’s How appeared first on Crypto Breaking News.

New to Crypto? 3 Low-Risk, High-Return Coins to Invest in for the Next Bull Cycle

Apr 18, 2024 | 21:50 pm

With the cryptocurrency market experiencing unprecedented growth and volatility, it can be daunting for newcomers to identify promising investment opportunities. However, with careful research and strategic planning, investors can capitalize on the potential of emerging coins poised for significant growth in the next bull cycle. Let us explore three low-risk,

Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure?

Apr 18, 2024 | 21:18 pm

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,850 support zone. Ethereum Price Consolidates Ethereum price attempted another recovery wave and remained stable above the $3,000 level. However, the bears defended the $3,100 resistance zone, like Bitcoin. There was another decline below $3,000. The price even spiked below the $2,900 support. A low was formed at $2,867 and the price is now recovering losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. Ethereum is still trading below $3,100 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,020 level. The first major resistance is near the $3,070 level and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. The next key resistance sits at $3,120, above which the price might rise toward the $3,200 level. Source: ETHUSD on TradingView.com The main downtrend resistance sits at $3,280. A close above the $3,280 resistance could send the price toward the $3,350 pivot level. If there is a move above the $3,350 resistance, Ethereum could even climb toward the $3,550 resistance. More Losses In ETH? If Ethereum fails to clear the $3,100 resistance, it could start another decline. Initial support on the downside is near the $2,920 level. The first major support is near the $2,850 zone. A clear move below the $2,850 support might send the price toward $2,620. Any more losses might send the price toward the $2,550 level in the near term. 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 – $2,850 Major Resistance Level – $3,100

Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure?

Apr 18, 2024 | 21:18 pm

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line [...] The post Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure? appeared first on Crypto Breaking News.

How to Add Degen Chain to MetaMask

Apr 18, 2024 | 21:16 pm

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

Why Chainlink [LINK] and MATIC are more similar than you think

Apr 18, 2024 | 21:00 pm

Chainlink and Polygon were hot prospects for buyers earlier in the year, but are things the same now?

What Is Retik Finance (RETIK) Finance, and Should You Add It to Your Portfolio in 2024?

Apr 18, 2024 | 20:50 pm

In the fast-paced world of cryptocurrency, new projects are constantly emerging, each vying for attention and investment. One such project that has been making waves recently is Retik Finance (RETIK). In this article, we’ll delve into what Retik Finance is all about and whether it’s worth considering adding to your

Dubai Defies Nature’s Fury: Global AI and Blockchain Shows Shine Through Adverse Weather

Apr 18, 2024 | 20:41 pm

Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. The heavy rainfall that hit Dubai on Tuesday this week, most of

Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency

Apr 18, 2024 | 20:28 pm

The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied to citizens doing so without the bank’s approval. Reserve Bank […]

Bitcoin Price Still At Risk of Major Downside Break Below $60K

Apr 18, 2024 | 20:12 pm

Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone. The price is trading below $62,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if it settles below the $60,000 support zone. Bitcoin Price Struggle Continues Bitcoin price started another increase above the $61,500 resistance zone. BTC cleared the $62,500 and $63,000 resistance levels. It even spiked above $64,000 but failed to surpass the key level at $65,000. A high was formed at $64,142 before there was a sharp decline. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair. It dived below the $60,800 level and retested $59,650. A low was formed near $59,666 and the price is now attempting a fresh recovery wave. The price climbed above the 23.6% Fib retracement level of the recent decline from the $64,142 swing high to the $59,666 low. Bitcoin price is trading below $62,800 and the 100 hourly Simple moving average. Immediate resistance is near the $62,000 level. It is close to the 50% Fib retracement level of the recent decline from the $64,142 swing high to the $59,666 low. The first major resistance could be $63,000. The next resistance now sits at $64,200. If there is a clear move above the $64,200 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $65,000. Source: BTCUSD on TradingView.com The next major resistance is near the $66,500 zone. Any more gains might send Bitcoin toward the $67,500 resistance zone in the near term. More Losses In BTC? If Bitcoin fails to rise above the $62,000 resistance zone, it could start another decline. Immediate support on the downside is near the $60,800 level. The first major support is $60,000. If there is a close below $60,000, the price could start to drop toward the $59,550 level. Any more losses might send the price toward the $58,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $60,800, followed by $60,000. Major Resistance Levels – $62,000, $63,000, and $64,200.

Bitcoin Price Still At Risk of Major Downside Break Below $60K

Apr 18, 2024 | 20:12 pm

Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone. The price is trading below $62,800 and the 100 hourly Simple moving average. There was a break [...] The post Bitcoin Price Still At Risk of Major Downside Break Below $60K appeared first on Crypto Breaking News.

Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?

Apr 18, 2024 | 20:00 pm

On-chain data shows Bitcoin miners have always sold as Halvings have occurred. With the next one just around the corner, how are miners behaving this time? Next Bitcoin Halving Is Less Than Two Days Away Now In a CryptoQuant Quicktake post, an analyst discussed Bitcoin miners’ behavior in the build-up to the next Halving. The “Halving” is a periodic event on the Bitcoin network where the cryptocurrency’s block rewards (the compensation miners receive for solving blocks) are permanently slashed in half. Related Reading: Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average This event occurs approximately every four years, and according to NiceHash’s countdown, the next one will occur in just over 32 hours. The countdown to the next halving event | Source: NiceHash Bitcoin miners earn revenue from two sources: transaction fees and block rewards. Historically, the former has been quite low on the BTC network, so the miners primarily depend on the latter to pay off their running costs. Since the block rewards are cut in half during Halvings, these events naturally deal a significant blow to the miner’s revenues. As such, it’s not surprising that the miners have generally shown a reaction to the event in the past cycles. “One of the common dynamics that occur in every cycle of cutting the issuance of new BTC is the significant selling pressure exerted by miners,” says the quant. One way to gauge the degree of selling pressure coming from these chain validators is via the Miner to Exchange Flow metric. This indicator tracks the total amount of Bitcoin moving from miner-associated addresses to wallets connected to centralized exchanges. As miners usually deposit Bitcoin to these platforms for selling, this flow can provide hints about their selling behavior. Now, here is a chart that shows the trend in the 30-day moving average (MA) BTC Miner to Exchange Flow over the last few years: Looks like the 30-day MA value of the metric has observed a steep plunge in recent days | Source: CryptoQuant As displayed in the above graph, the 30-day MA Bitcoin Miner to Exchange Flow had surged to high levels in the 2020 Halving event, implying that this group had potentially been participating in a selloff. This selling push may have come from the miners planning to exit, given the sharp revenue reduction that was set to occur. The graph, though, clearly shows that no such selling pressure has emerged this time around despite the event being just around the corner. Related Reading: 69% Of PEPE Holders Left In Profits After 26% Plunge So, what’s going on here? The analyst suggests that the Bitcoin miners may have already completed the latest round of selling in advance (as the exchange inflows from the cohort did spike in February). If this is true, the quant thinks this could benefit the market in the short term. BTC Price Bitcoin has continued to move sideways inside a range recently, as its price is still trading around $63,500. The price of the coin appears to have rebounded a bit from its latest drop | Source: BTCUSD on TradingView Featured image from NisonCo PR and SEO on Unplash.com, CryptoQuant.com, chart from TradingView.com

Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?

Apr 18, 2024 | 20:00 pm

On-chain data shows Bitcoin miners have always sold as Halvings have occurred. With the next one just around the corner, how are miners behaving this time? Next Bitcoin Halving Is Less Than Two Days Away Now In a CryptoQuant Quicktake post, an analyst discussed Bitcoin miners’ behavior in the build-up to the next Halving. The [...] The post Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different? appeared first on Crypto Breaking News.

Mango Markets Exploiter Avraham Eisenberg Convicted In $110M Crypto Fraud

Apr 18, 2024 | 20:00 pm

Crypto trader Avraham “Avi” Eisenberg was found guilty by a Manhattan jury in October 2022 of orchestrating a $110 million fraud scheme targeting the decentralized finance (DeFi) protocol, Mango Markets. According to prosecutors, Eisenberg, operating under a false identity, allegedly engaged in market manipulation to drive up the price of Mango’s token, MNGO, and related […]

Digital asset exchanges in India seek to improve user experience, become more regulatory compliant

Apr 18, 2024 | 20:00 pm

Digital asset exchanges in India strive to improve users' trading experience while complying with regulations, as the nation's economic projections for emerging technologies lure investors. [...] Read More... The post Digital asset exchanges in India seek to improve user experience, become more regulatory compliant appeared first on CoinGeek.

Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving

Apr 18, 2024 | 19:00 pm

Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path. Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded funds (ETFs), one analyst expects the coin to continue defying expectations by clocking in a bull run that defies historical trends. The analyst cites two recent instances where Bitcoin defied expectations to justify this bullish outlook. First, following the rapid expansion in the 2020 to 2021 bull run that saw Bitcoin soar from less than $10,000 to fresh all-time highs of around $70,000, prices sharply contracted in 2022. Related Reading: Bitcoin To $455,000: Expert Echoes Previous Halving Pattern Then, the United States Federal Reserve shifted its monetary policy to curb raging inflation by rapidly increasing interest rates. Following this and other market-related events, Bitcoin prices dipped below the all-time high of the previous cycle of $20,000. By November 2022, prices fell to as low as $15,000, accelerated by the collapse of FTX. This retest of previous highs and fall below $20,000 had never happened before. Another anomaly occurred last month. For the first time, Bitcoin prices expanded and broke the previous all-time highs of around $70,000 before the Halving event. As Bitcoin’s past price action shows, prices only rally to fresh all-time highs after Halving. However, this changed when BTC soared to $73,800, possibly paving the way for bulls to join in and push the coin back to unchartered territory post-Halving. Is BTC Ready For A Multi-Year Rally? With this in mind, the analyst believes Bitcoin will continue uniquely shaping its path, deviating from history. For instance, the analyst thinks BTC will outperform altcoins in the coming months. The analyst adds that increased regulatory scrutiny following high-profile collapses like FTX and Luna could dampen altcoin enthusiasm. Related Reading: Here’s What Would Happen If The Bitcoin Price Fell Below $58,000 The coin will ride on the fact that it is the only one with an ETF from the United States SEC receiving investments. As a result of this capital injection, Bitcoin will likely register a multi-year “up only” phase, just like gold did once its ETF was approved. Prices remain depressed ahead of this. Though prices are increasing at spot rates, the coin is within a bear formation. Currently, BTC has local resistance at around $65,000. Feature image from DALLE, chart from TradingView

Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving

Apr 18, 2024 | 19:00 pm

Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path. Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded [...] The post Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving appeared first on Crypto Breaking News.

Bitcoin Continues To Struggle: Analytics Firm Reveals What Whales Are Doing

Apr 18, 2024 | 19:00 pm

Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000. Here’s what the whales are doing while the market panics. How The Bitcoin Whales Are Behaving At The Moment In a new post on X, the market intelligence platform IntoTheBlock revealed how the Bitcoin whales have been behaving recently, given the […]

SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action

Apr 18, 2024 | 18:39 pm

The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action. The regulator alleged that Sun “traveled extensively” to the US while he and several companies carried out […] The post SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action appeared first on CryptoSlate.

Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average

Apr 18, 2024 | 18:00 pm

On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlink’s 30-day MVRV ratio. The “Market Value to Realized Value (MVRV) [...] The post Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average appeared first on Crypto Breaking News.

IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability

Apr 18, 2024 | 17:54 pm

Bitcoin (BTC) is increasingly serving as a critical channel for cross-border financial flows amid global financial instability, according to a new report by the International Monetary Fund (IMF). The report — called “A Primer on Bitcoin Cross-Border Flows” — sheds light on how the decentralized nature of Bitcoin is being leveraged to bypass traditional banking […] The post IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability appeared first on CryptoSlate.

Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others

Apr 18, 2024 | 17:00 pm

A widely followed crypto strategist is warning about the altcoin market as projects like Chainlink (LINK) correct. Pseudonymous analyst Altcoin Sherpa tells his 214,900 followers on the social media platform X that most altcoins may enter a months-long consolidation phase. “It’s quite possible that altcoins are done for the next one to four months. There […] The post Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others appeared first on The Daily Hodl.

Ethereum Blockchain’s Q1 2024 Success: Unveiling The Factors Behind The $370M Profit Surge

Apr 18, 2024 | 17:00 pm

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable. [...] The post Ethereum Blockchain’s Q1 2024 Success: Unveiling The Factors Behind The $370M Profit Surge appeared first on Crypto Breaking News.

Meta announces Llama 3, launches dedicated AI web portal

Apr 18, 2024 | 16:33 pm

Meta announced the launch of Llama 3, the latest version of its large language model (LLM), on April 18, describing it as a “major leap over Llama 2.” The company said it has initially released the first two models of the current version, featuring 8B and 70B parameters, with upcoming models slated to feature 400B […] The post Meta announces Llama 3, launches dedicated AI web portal appeared first on CryptoSlate.

Bitcoin Could Drop To $52,000 If Price Breaks Below This Mark – CryptoQuant

Apr 18, 2024 | 16:00 pm

Amidst the ongoing fluctuations in the cryptocurrency market, the price of Bitcoin has surged by 1.7% in the past 24 hours, hovering above the $62,000 mark. However, recent warnings from CryptoQuant, a leading crypto analytics platform, suggest that Bitcoin could face a significant downturn to $52,000 if specific key levels are violated. This cautionary note [...] The post Bitcoin Could Drop To $52,000 If Price Breaks Below This Mark – CryptoQuant appeared first on Crypto Breaking News.

Bitcoin Could Drop To $52,000 If Price Breaks Below This Mark – CryptoQuant

Apr 18, 2024 | 16:00 pm

Amidst the ongoing fluctuations in the cryptocurrency market, the price of Bitcoin has surged by 1.7% in the past 24 hours, hovering above the $62,000 mark. However, recent warnings from CryptoQuant, a leading crypto analytics platform, suggest that Bitcoin could face a significant downturn to $52,000 if specific key levels are violated. This cautionary note [...] The post Bitcoin Could Drop To $52,000 If Price Breaks Below This Mark – CryptoQuant appeared first on Crypto Breaking News.

Polygon Sees Whales Stacking Up as MATIC Price Eyes $1

Apr 18, 2024 | 15:44 pm

Amid this fervour, Polygon (MATIC) shines brightly and is recognized as a top-tier digital asset poised to scale new heights in value and adoption.

“Governance Is Not Optional” Asserts Charles Hoskinson as Cardano Nears Voltaire Phase

Apr 18, 2024 | 15:24 pm

Charles Hoskinson, CEO of Input Output Global and co-founder of Cardano (ADA), has emphasized the importance of governance in the blockchain industry, stressing that it cannot be overlooked.

ceτi AI Expands Its High-Performance Computing Capabilities in North America with Big Energy Investments Inc. Acquisition

Apr 18, 2024 | 15:07 pm

ceτi AI is elated to announce its acquisition of Big Energy Investments Inc., a Canadian company specializing in strategic investments in high-performance computing infrastructure. According to the ceτi AI team, the acquisition is a step forward in realizing ceτi AI’s vision of advancing the development and accessibility of AI technologies. ceτi AI’s mission is to […]

Beyond Stablecoins: USDT-Issuer Tether Announces New Distinct Business Divisions

Apr 18, 2024 | 15:01 pm

Stablecoin issuer Tether (USDT) says it’s branching out and advancing beyond just offering dollar-pegged crypto assets. In a new announcement, Tether says that it is adding four new divisions to its business model – data, finance, power, and education – as a means of creating an inclusive, future-proof financial and tech ecosystem. “Tether’s expansion beyond […] The post Beyond Stablecoins: USDT-Issuer Tether Announces New Distinct Business Divisions appeared first on The Daily Hodl.

Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’

Apr 18, 2024 | 15:00 pm

Crypto analyst Trend Rider has drawn Cardano (ADA) holders’ attention to the crypto token’s potential to experience a significant price rally soon enough. Based on Trend Rider’s analysis, Cardano could rise to as high as $3 when this happens. Cardano To Rise To $3 If History Repeats Itself Trend Rider mentioned in an X (formerly [...] The post Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’ appeared first on Crypto Breaking News.

Polkadot Co-founder Gavin Wood Teases Revolutionary JAM Upgrade

Apr 18, 2024 | 14:55 pm

Earlier on Thursday, Polkadot co-founder Gavin Wood teased the release of the Join-Accumulate Machine (JAM) update on X. The goal of this proposal is to completely change Polkadot’s trajectory going forward. At the Token2049 crypto conference in Dubai, Wood introduced the JAM Gray Paper and gave insights about the revolutionary

Binance Seeks To Re-Enter The Indian Market — But It’ll Have To First Pay A $2M Fine

Apr 18, 2024 | 14:48 pm

Binance, the world’s largest crypto exchange by trading volume, is looking to return to India after a four-month ban by paying a penalty of $2 million for non-compliance.

Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving

Apr 18, 2024 | 14:36 pm

SkyBridge Capital founder Anthony Scaramucci said that Bitcoin is “still very young” in terms of adoption and predicted significant long-term growth despite its current volatility and recent price fluctuations influenced by global events. In an interview focused on the flagship crypto’s trajectory, Scaramucci highlighted that Bitcoin is still early in its adoption curve, likening its […] The post Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving appeared first on CryptoSlate.

Cardano Foundation Unveils Interim Constitution for Decentralized Governance

Apr 18, 2024 | 14:32 pm

In a recent announcement, Frederik Gregaard, CEO of the Cardano Foundation, revealed Cardano’s interim constitution. As far as the Cardano community is concerned, this is a huge step towards decentralization of governance. Transparency, accountability, and responsible management are some of the fundamental values that will be included in the interim

Aptos Labs Teams Up With Microsoft, SK Telecom For New Institutional Platform, APT Soars 3%

Apr 18, 2024 | 14:00 pm

In a notable collaboration, Aptos Labs, the developer of the Aptos (APT) Layer-1 (L1) blockchain, announced a partnership with tech giants Microsoft, Brevan Howard, and South Korean telecommunications company SK Telecom for a new decentralized finance (DeFi) platform. Aptos Labs Unveils Aptos Ascend The announcement, made on Thursday, revealed that Aptos Labs is launching Aptos [...] The post Aptos Labs Teams Up With Microsoft, SK Telecom For New Institutional Platform, APT Soars 3% appeared first on Crypto Breaking News.

Bitcoin’s Parabolic Trajectory Anticipated to Reach $200K Post-Halving

Apr 18, 2024 | 13:13 pm

NAIROBI (Coinchapter.com) – Bitcoin’s parabolic trajectory started today, trading at $63,700.67 after briefly dipping below $60,000 the day before. This volatility aligns with the anticipation of a key blockchain event – the Bitcoin halving on April 20, 2024, at 03:33 UTC. Halvings historically impact price movements by reducing the rate at which new bitcoins enter […] The post Bitcoin’s Parabolic Trajectory Anticipated to Reach $200K Post-Halving appeared first on CoinChapter.

JPMorgan CEO Jamie Dimon Continues Criticism of Bitcoin

Apr 18, 2024 | 13:12 pm

Jamie Dimon, CEO of JPMorgan, remains a formidable adversary to Bitcoin. According to Dimon, it is not a real currency but rather a swindle. Dimon admitted his skepticism about the veracity and practicality of digital currencies like Bitcoin during a recent interview with Bloomberg TV. He reiterated his belief that

$0.0001 SHIB Price Tsunami Looks Near as Shiba Inu’s Shibarium Sees Massive Transaction Spike

Apr 18, 2024 | 13:08 pm

Shibarium, the layer-2 solution for the Shiba Inu ecosystem, has witnessed an extraordinary surge in user engagement and transaction volume.

Toncoin Surpasses Avalanche, Whales’ Greed Could Boost this AI Altcoin To The Moon

Apr 18, 2024 | 13:00 pm

Toncoin (TON) has been one of the best altcoins to invest in this past week, as its price has surged by 33%. Its market capitalization has increased to over $22 billion during this period, surpassing Avalanche (AVAX) and Cardano (ADA). It’s now the ninth most popular cryptocurrency in the world, while Avalanche slides into the […] The post Toncoin Surpasses Avalanche, Whales’ Greed Could Boost this AI Altcoin To The Moon appeared first on CoinChapter.

Whale Who Bought Ethereum at 2022 Bottom Sends 5,000 ETH to Kraken: Lookonchain

Apr 18, 2024 | 13:00 pm

A crypto whale that bought $151.42 million in Ethereum (ETH) near its market cycle bottom in September 2022 appears to be taking some profits, according to the digital asset tracker Lookonchain. Lookonchain notes that the whale withdrew 96,638 ETH from Coinbase at an average price of $1,567 between September 3rd and Sept 7th, 2022. In […] The post Whale Who Bought Ethereum at 2022 Bottom Sends 5,000 ETH to Kraken: Lookonchain appeared first on The Daily Hodl.

Binance Boosts Stability By Converting SAFU Reserves To USDC

Apr 18, 2024 | 13:00 pm

In a recent move in the cryptos space, Binance has made a strategic decision to improve the financial sustainability of its business. Per insights from Colin Wu of Wu Blockchain, the top crypto exchange Binance stated that it will change its Secure Asset Fund for Users (SAFU) to USDC. Traditionally, the SAFU has added another […]

‘The Q1 Hype Cycle Is Over’: Crypto Analyst Updates Outlook on Bitcoin (BTC) After Deep Pullback

Apr 18, 2024 | 12:55 pm

One widely followed crypto trader is breaking down Bitcoin (BTC) after a 9% crash over the last week. Pseudonymous crypto analyst Rekt Capital tells his 452,800 followers on the social media platform X that BTC’s current re-accumulation phase may fool some traders into thinking it’s a Bitcoin breakdown. “One of the key things to note about Bitcoin’s […] The post ‘The Q1 Hype Cycle Is Over’: Crypto Analyst Updates Outlook on Bitcoin (BTC) After Deep Pullback appeared first on The Daily Hodl.

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

Apr 18, 2024 | 12:52 pm

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

Ripple Shows Muted Performance: What’s Next For XRP?

Apr 18, 2024 | 12:40 pm

Ripple (XRP) holders have demonstrated remarkable resilience in the face of recent price declines. As the asset exhibits muted performance, through a period of market turbulence, investors have exhibited a steadfast commitment to their holdings, potentially setting the stage for a bullish resurgence. While a bearish pattern initially led to

Can BlackRock’s Saudi Arabia Expansion Drive Bitcoin ETF Adoption in the Middle East?

Apr 18, 2024 | 12:39 pm

BlackRock, the world's largest asset manager, is making strategic moves in the Kingdom of Saudi Arabia to expand its foothold in the Middle East.

Pick Your Poisson

Apr 18, 2024 | 12:30 pm

This article is featured in Bitcoin Magazine’s “The Halving Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Calculated probabilities were calculated by Greg @ learnmeabitcoin.com Block 840,000 is not just another block in the blockchain; it triggers the Bitcoin halving where the block reward is reduced from 6.25 BTC to 3.125 BTC, cutting [...] The post Pick Your Poisson appeared first on Crypto Breaking News.

Goldman Sachs On Bitcoin Halving: ‘It doesn’t Matter If It’s A Buy The Rumor, Sell The News Event’

Apr 18, 2024 | 12:30 pm

Analysts at Goldman Sachs, a leading global banking and investment management firm, have offered valuable insights into the anticipated effects of the forthcoming Bitcoin halving, on the price of the cryptocurrency. They emphasize that while the Bitcoin halving is a noteworthy event, other major factors will likely exert greater influence on Bitcoin’s future value. Bitcoin [...] The post Goldman Sachs On Bitcoin Halving: ‘It doesn’t Matter If It’s A Buy The Rumor, Sell The News Event’ appeared first on Crypto Breaking News.

Omni Network (OMNI) Token Debuts Amid Market-Wide Pullback

Apr 18, 2024 | 12:28 pm

NAIROBI (Coinchapter.com) – Omni Network has recently launched its native OMNI token, but its debut has been marked by significant price volatility. The OMNI price has crashed over 50% from initial trading levels. The primary driver behind this decline appears to be the influx of tokens from Omni Network’s airdrop, which saw early participants receive […] The post Omni Network (OMNI) Token Debuts Amid Market-Wide Pullback appeared first on CoinChapter.

Litecoin (LTC) Charting a Path Towards $250-$300 Amidst Market Resilience

Apr 18, 2024 | 12:00 pm

Litecoin (LTC) encountered a value reduction, declining from its recent peak of $112 to $71. Despite this dip, LTC remains poised for potential substantial long-term growth. This optimism stems from the anticipated Bitcoin Halving event, expected to trigger a notable upward movement in the cryptocurrency market. Litecoin’s (OBV) Signals Upward Movement Litecoin’s (OBV) On-Balance-Volume indicator […]

Hester Peirce Calls Two of SEC’s Enforcement Actions ‘Arbitrary,’ Says Agency’s Ambiguity May Be Deliberate

Apr 18, 2024 | 11:45 am

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is voicing her disappointment with what she says is the agency’s lack of predictability. In a speech, Peirce says the enforcement actions brought by the SEC against blockchain-based file-sharing payment network Library (LBRY) and crypto asset trading platform ShapeShift arose because of regulatory ambiguity. “Some of […] The post Hester Peirce Calls Two of SEC’s Enforcement Actions ‘Arbitrary,’ Says Agency’s Ambiguity May Be Deliberate appeared first on The Daily Hodl.

Ripple’s Top Lawyer Sets The Record Straight On Next Steps In SEC Case — Is $1 XRP In Sight?

Apr 18, 2024 | 11:42 am

Stuart Alderoty, the chief legal officer at fintech firm Ripple, has cleared the air on the forthcoming court proceedings.

Self-Proclaimed Bitcoin Creator Craig Wright Drops Lawsuit Against BTC Developers

Apr 18, 2024 | 11:41 am

A computer scientist who claims to be the pseudonymous creator of Bitcoin (BTC) is dropping his lawsuit against Bitcoin developers. According to a new post by the Bitcoin Legal Defense Fund, Craig Wright, who for years proclaimed to be Satoshi Nakamoto, is dropping his case against the 12 Bitcoin developers and others he sued in […] The post Self-Proclaimed Bitcoin Creator Craig Wright Drops Lawsuit Against BTC Developers appeared first on The Daily Hodl.

SeedHunter Launches Marketing Module to Foster Collaborations Between Influencers and Crypto Projects

Apr 18, 2024 | 11:32 am

SeedHunter, a centralized platform that allows crypto projects to connect to reliable and trusted influencers, announced the launch of its much-anticipated Marketing Module. This development follows its plans to redefine influencer marketing in the web3 community by offering a comprehensive, efficient, and secure solution for crypto projects and influencers. SeedHunter’s Marketing Module Goes Live The […]

Why Ernst Young’s Shift To Ethereum Matters For Your Business

Apr 18, 2024 | 11:30 am

Ernst Young, one of the “Big Four” accounting firms, has chosen Ethereum to introduce EY OpsChain Contract Manager, a contract management solution based on blockchain technology. The solution is set to transition from Polygon to Ethereum and move to Layer 3 in its forthcoming upgrade. These significant steps would encourage big players to jump on […]

BRC-20 Tokens ORDI and SATS Rebound After 40% Plunge but Traders Turn to Bitcoin Runes

Apr 18, 2024 | 11:00 am

TL;DR BRC-20 Tokens Experience Sharp Drop Ahead of Halving. Investor interest shifts towards Bitcoin Runes, with possible major correction. Mixed outlook for Runes after BTC halving. The cryptocurrency market is experiencing significant moves as investors adjust their strategies amid anticipation of the Bitcoin halving and the emergence of new opportunities. In recent weeks, BRC-20 tokens, ... Read more

XRP Bulls Roar: Analyst Foresees Explosive Surge With ‘God Candle’ On The Horizon

Apr 18, 2024 | 11:00 am

XRP investors are eyeing a potential price surge, and one analyst forecasts an optimistic outlook for the cryptocurrency. Dark Defender, a prominent figure in the XRP community, has drawn parallels between the current market movement and the 2017 historic rally. According to Dark Defender, this resemblance suggests a significant upward trajectory for XRP, potentially culminating [...] The post XRP Bulls Roar: Analyst Foresees Explosive Surge With ‘God Candle’ On The Horizon appeared first on Crypto Breaking News.

Cardano Shows Strong Buy Sign as Anticipation for Aave Contender Stiffens

Apr 18, 2024 | 11:00 am

As Cardano’s mean coin age trends higher, this might depict a strong buy sign for the eleventh-largest cryptocurrency based on market value as some experts believe that ADA has all it takes to hit $1.70. Meanwhile, Borroe Finance ($ROE) is materializing as a strong Aave contender that intends to take Web3 to the next level […] The post Cardano Shows Strong Buy Sign as Anticipation for Aave Contender Stiffens appeared first on CoinChapter.

Top 3 Cryptocurrencies in 2024: Option2Trade (O2T), Solana (SOL) and Binance (BNB)

Apr 18, 2024 | 11:00 am

As we look ahead into 2024, the cryptocurrency landscape is set to be dominated by three major players: Option2Trade (O2T), Solana (SOL), and Binance (BNB). These cryptocurrencies are not only shaping the future of digital finance but also presenting new opportunities for investors and developers alike. Option2Trade (O2T): The Rising Star Option2Trade (O2T) has quickly […] The post Top 3 Cryptocurrencies in 2024: Option2Trade (O2T), Solana (SOL) and Binance (BNB) appeared first on CoinChapter.

Multi-Level Thresholds: Why Multisig Always Has A Higher Security Ceiling

Apr 18, 2024 | 10:52 am

Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. There are many different ways to custody bitcoin, and there [...] The post Multi-Level Thresholds: Why Multisig Always Has A Higher Security Ceiling appeared first on Crypto Breaking News.

Polkadot Faces Uphill Battle: Can DOT Hit $8?

Apr 18, 2024 | 10:50 am

Polkadot (DOT) has found itself grappling with a significant challenge – attracting and retaining investor interest. As the digital asset seeks to recover from recent price declines, the lack of attractive risk-adjusted returns and dwindling participation in the futures market have emerged as formidable obstacles. One of the key indicators

Pi Network Users Reaches 10 Million But Loses 156M PI Coins

Apr 18, 2024 | 10:44 am

Pi Network open mainnet launch remains a vague for now, but the project has reached 10 million KYC'd users. The post Pi Network Users Reaches 10 Million But Loses 156M PI Coins appeared first on CoinChapter.

StakingFarm Aiming to Lead as Global Adoption of Crypto Staking Surge

Apr 18, 2024 | 10:39 am

As the global adoption of cryptocurrencies continues to expand at an unprecedented pace, StakingFarm is strategically enhancing its staking platform to cater to a growing international audience. This move is aimed at solidifying StakingFarm’s position as a leader in the crypto staking arena, where demand for reliable and lucrative staking options is increasing rapidly. “Worldwide crypto adoption […] The post StakingFarm Aiming to Lead as Global Adoption of Crypto Staking Surge appeared first on CoinChapter.

Bitcoin Halving Soaring Score: Search Fever Reaches Historic Levels of 45

Apr 18, 2024 | 10:30 am

The upcoming Bitcoin halving has ignited a frenzy of excitement, sending search queries for the term soaring to unprecedented heights on Google. Interest in the ‘Bitcoin halving’ has reached a record high, surpassing previous levels by a significant margin. Google Trends data indicates that the search interest for this term has already hit a score […]

Bitcoin’s 16% Plunge Raises Questions On Bull Market’s Fate

Apr 18, 2024 | 10:00 am

Bitcoin, the dominant digital currency, plunged 16% from its peak of $73,600 on March 14th, sending shockwaves through the crypto world. Many traders wonder if this massive drop signals the end of the bull market, with talk of a potential bear market spreading rapidly online, according to the data from on-chain analyst firm, Santiment. However, […]

Nigerian police locate Binance exec in Kenya, but extradition might take years

Apr 18, 2024 | 10:00 am

Nigerian authorities have confirmed that Nadeem Anjarwalla, who escaped detention, is in Nairobi, but the East African nation says extradition will drag on. [...] Read More... The post Nigerian police locate Binance exec in Kenya, but extradition might take years appeared first on CoinGeek.

Why is Ethereum (ETH) Price Down Today?

Apr 18, 2024 | 09:56 am

Ethereum plummeted with the wider market following the FOMC meeting announcement. ETH price is moving inside a bearish pattern. The post Why is Ethereum (ETH) Price Down Today? appeared first on CoinChapter.

Injective Announces New Collaboration to Boost Mobile-Based DeFi for Millions in Emerging Markets

Apr 18, 2024 | 09:50 am

TL;DR Injective and Jambo Partner to Bring DeFi to Millions in Emerging Markets. Collaboration to offer financial solutions based on blockchain through the JamboPhone. Ninji Wallet will be available on Jambo phones, making it easier to access its DeFi ecosystem. Injective and Web3 mobile technology firm Jambo have announced a collaboration that seeks to promote ... Read more

The Halving Issue: Letter From The Editors

Apr 18, 2024 | 09:46 am

First, 50. Then, 25. Eventually, 12.5. After that, 6.25. And now, 3.125. Four halvings later, we enter the fifth of 33 epochs of Bitcoin. The first 32 epochs, in Bitcoin-terms, last 210,000 blocks, with the 33rd lasting until the heat death of the universe. At 10 minutes per block, on average, that means just about [...] The post The Halving Issue: Letter From The Editors appeared first on Crypto Breaking News.

Ethereum Plunges as Crypto Markets Grapple with Growing Concerns: QCP Insights

Apr 18, 2024 | 09:40 am

The cryptocurrency market has experienced a turbulent week, with Ethereum facing significant losses. The second-largest cryptocurrency by market capitalization, Ethereum’s value plummeted more than 14% over seven days, highlighting the volatility in this ever-changing landscape. QCP Capital, a crypto hedge fund, observed a decline in the downside skew of ether risk reversals on Tuesday. Risk […]

Alpha Transform Holdings Releases March Report on ASC AI Index

Apr 18, 2024 | 09:00 am

Alpha Transform Holdings (ATH), a digital asset investment and advisory organization, released the March report on ASC AI Index (AAI). AAI tracks the price performance of the top tokens in the AI sector, using a rules-based criteria designed to reflect the landscape of AI tokens. The index includes the top 30 tokens that meet the minimum criteria […] The post Alpha Transform Holdings Releases March Report on ASC AI Index appeared first on CoinChapter.

Analyst Cautions Against ADA Potential Drop to $0.38, Here’s Why

Apr 18, 2024 | 08:43 am

Recently, ADA broke through the bottom of its upward trend channel. This means its upward movement is not as strong in the medium or long term. Right now, ADA is facing resistance at around $0.46. If ADA cannot break through $0.46, it could go down again. But if ADA goes above $0.46, that would be […]

Bitcoin’s Pivotal $61K Level: Break Could Lead To $56.2K, Rebound Eyes $66.5K

Apr 18, 2024 | 08:36 am

In the fast moving sands of the cryptocurrency market, Bitcoin is currently at an important level which it can break and confirm a direction in the next weeks. In the words of the famous cryptocurrency analyst Ali Martinez, $61,000 is a do-or-die level for Bitcoin’s short-term future now. Martinez, who has a large following base […]

Huma and Arf merge, set to revolutionize global finance with blockchain

Apr 18, 2024 | 08:30 am

The merger of Huma Finance and Arf, two cutting-edge blockchain financial services platforms, was officially announced recently. This breakthrough indicates a major step in pursuing their joint mission of reshaping global economic exchange. These collaborations will significantly improve the landscape of blockchain-based financial services and likely reach a liquidity volume of more than $3 billion …

Unleash the Fire and Fortune with House of the Dragon ($HOTD) – It’s Your Time to Shine!

Apr 18, 2024 | 08:20 am

Step into the realm of legends with House of the Dragon ($HOTD) – where every moment is a chance to seize glory and riches beyond imagination! Explore Our Realm and Empowering Innovations: • Legendary NFT Collection: Immerse yourself in our exclusive collection of 74 NFTs, each a masterpiece in its own right. From majestic dragons […] The post Unleash the Fire and Fortune with House of the Dragon ($HOTD) – It’s Your Time to Shine! appeared first on CoinChapter.

Injective and Jambo partner to bring mobile-based DeFi to millions in emerging markets

Apr 18, 2024 | 08:13 am

Injective and Web3 mobile firm Jambo will partner to promote DeFi in Africa, Latin America and Southeast Asia. The collaboration seeks to make it easy for millions to access dApps via the Jambophone. Injective and Web3 mobile infrastructure platform Jambo have announced a partnership that will see the two companies collaborate to bring blockchain-powered financial […] The post Injective and Jambo partner to bring mobile-based DeFi to millions in emerging markets appeared first on CoinJournal.

Will Solana recover its recent crash & rebound to $150 range?

Apr 18, 2024 | 08:10 am

Various events in the cryptocurrency market have mainly driven Solana’s price movement in the last few days. First, it moved from $128 to $142 due to the expectation of halving Bitcoin, a phenomenon that plays a crucial role in shaping the entire crypto market. This momentum got a boost. However, the approval of Bitcoin and …

Shiba Inu burns 774M SHIB, Solana bearish despite congestion fix, NuggetRush introduces NFTs

Apr 18, 2024 | 08:00 am

Solana’s price has plunged 21.8% in the last seven days despite fixing its recent network congestion issues. The Shiba Inu community has burnt over 774 million tokens in the past week. NuggetRush’s crypto mining game integrates NFTs with blockchain gaming. Despite a 21.8% price drop over the last week, investors remain hopeful that the new […] The post Shiba Inu burns 774M SHIB, Solana bearish despite congestion fix, NuggetRush introduces NFTs appeared first on CoinJournal.

OpenAI makes ChatGPT ‘more conversational’ in latest update

Apr 18, 2024 | 08:00 am

OpenAI disclosed that the new GPT-4 Turbo will shine a more conversational, direct, and "less verbose" response than its earlier versions, which will only be accessible to premium users. [...] Read More... The post OpenAI makes ChatGPT ‘more conversational’ in latest update appeared first on CoinGeek.

Crypto Market Cap Soars 65% In 2024 Q1, Hits $2.9 Trillion

Apr 18, 2024 | 07:30 am

The first quarter of 2024 turned out to be a rollercoaster ride for the crypto world. The CoinGecko report revealed mind-boggling growth and major shifts across various sectors. Building on a strong Q4 2023, the total crypto market cap skyrocketed by an astonishing 64.5% in Q1 2024. It reached a staggering $2.9 trillion by March […]

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

Apr 18, 2024 | 07:26 am

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

Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui

Apr 18, 2024 | 07:04 am

Grand Cayman, Cayman Islands, April 18th, 2024, Chainwire The annual event is a culmination of Sui’s exceptional debut Over 1,000 projects, partners, investors, and enthusiasts from 65 countries around the world gathered last week in Paris to celebrate Sui at the vaunted Layer 1’s inaugural global Sui Basecamp conference. At its first-ever annual event held […] The post Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui appeared first on CoinJournal.

Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui

Apr 18, 2024 | 06:50 am

Grand Cayman, Cayman Islands, April 18th, 2024, Chainwire The annual event is a culmination of Sui’s exceptional debut Over 1,000 projects, partners, investors, and enthusiasts from 65 countries around the world gathered last week in Paris to celebrate Sui at the vaunted Layer 1’s inaugural global Sui Basecamp conference. At its first-ever annual event held […] The post Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui appeared first on CoinChapter.

Manchester City Fan Token Tanks After Club’s Loss to Real Madrid

Apr 18, 2024 | 06:27 am

The Manchester City Fan Token (CITY) price dropped 17.21% in the past 24 hours to reach $3.33 on April 18. This decline in value comes in the wake of Manchester City's elimination from the Champions League by Real Madrid, derailing their hopes of a historic double treble. The swift fallout from this defeat has captivated the crypto community, which is now closely monitoring the performance of the Manchester City Fan Token. The post Manchester City Fan Token Tanks After Club’s Loss to Real Madrid appeared first on CoinChapter.

Powered by Qualcomm, Aethir Unveils Game-Changing Aethir Edge Device to Unlock the Decentralized Edge Computing Future

Apr 18, 2024 | 06:03 am

Singapore, Singapore, April 18th, 2024, Chainwire At the Dubai Press Conference, Aethir Edge debuted as the pioneering edge computing device and the first authorized mining machine of Aethir, one of the industry-leading decentralized cloud computing infrastructure providers, alongside Qualcomm. It enables users to mine 23% of Aethir’s native token $ATH supply. Integrated with a distributed […] The post Powered by Qualcomm, Aethir Unveils Game-Changing Aethir Edge Device to Unlock the Decentralized Edge Computing Future appeared first on CoinChapter.

Norway seeks to close door on digital asset miners

Apr 18, 2024 | 06:00 am

Norway's new mandate gives more power to authorities to shut down data centers deemed undesirable, requiring these centers to disclose their services and the individuals behind their operations. [...] Read More... The post Norway seeks to close door on digital asset miners appeared first on CoinGeek.

Unveiling the Taτsu Subnet: A Revolution in Decentralized Networking

Apr 18, 2024 | 05:30 am

In the fast-paced world of Web3, Taτsu is ready to redefine the boundaries of decentralized applications and artificial intelligence. By tapping into the transformative power of the Bittensor network, Taτsu is at the forefront of a new wave of innovation, collaboration, and decentralization. Introducing the Taτsu Ecosystem Taτsu’s Ecosystem represents a bold step into the […] The post Unveiling the Taτsu Subnet: A Revolution in Decentralized Networking appeared first on CoinChapter.

Linea Going from Strength to Strength with Lynex on the Front Lines

Apr 18, 2024 | 05:00 am

The Linea blockchain has gone from strength to strength over the last quarter, seeing TVL and volume soar. Lynex and its ingenious community engagement strategy stand as a key contributor to this organic growth. This impressive achievement highlights the strength and potential of the Linea ecosystem, a product of the renowned blockchain software houseConsenSys, which […] The post Linea Going from Strength to Strength with Lynex on the Front Lines appeared first on CoinChapter.

Dogecoin Price Could Crash 60% — Here’s Why You Shouldn’t Trust Social Media Hype

Apr 18, 2024 | 04:17 am

Dogecoin price has been consolidating following April 12's crypto market flash crash. DOGE fans continue to be bullish on the token. The post Dogecoin Price Could Crash 60% — Here’s Why You Shouldn’t Trust Social Media Hype appeared first on CoinChapter.

No Bitcoin ETFs for Chinese Investors

Apr 18, 2024 | 04:07 am

On April 17, Hong Kong celebrated the debut of its first Spot Bitcoin and Ethereum ETFs, marking a significant milestone. Yet, there's a notable restriction: Due to stringent regulations, Mainland Chinese investors are excluded from participating. This limitation dampens the initial excitement, as it keeps these potentially lucrative investments just beyond reach. The post No Bitcoin ETFs for Chinese Investors appeared first on CoinChapter.

Hollywood Union deal requires consent and approval for AI voice use

Apr 18, 2024 | 04:00 am

As AI gains momentum in the entertainment industry, artists have struck a deal with record labels to protect their rights, in addition to calling for better benefits and higher wages. [...] Read More... The post Hollywood Union deal requires consent and approval for AI voice use appeared first on CoinGeek.

Healix Protocol’s Spectacular Launch and HLX Token Presale: Shaking Up the Crypto Sphere!

Apr 18, 2024 | 03:10 am

In the fast-paced world of cryptocurrency, few events capture the imagination quite like a spectacular launch. Enter Healix Protocol and its much-anticipated HLX token presale—a significant event that is sending shockwaves through the crypto sphere. As investors clamor to get in on the action, Healix Protocol emerges as a disruptive force set to reshape the […] The post Healix Protocol’s Spectacular Launch and HLX Token Presale: Shaking Up the Crypto Sphere! appeared first on CoinChapter.

Binance Receives Full Operational Approval for Crypto Services in Dubai

Apr 18, 2024 | 02:52 am

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

BIS envisions global ‘Finternet’ running on unified ledger technology

Apr 18, 2024 | 02:00 am

In its paper, the Bank for International Settlements said a financial system running on a unified ledger could help foster greater participation, more personalized services, and improved speed and reliability for end users. [...] Read More... The post BIS envisions global ‘Finternet’ running on unified ledger technology appeared first on CoinGeek.

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

Apr 18, 2024 | 01:36 am

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

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

Apr 18, 2024 | 01:16 am

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

Gate2Chain closes new financing led by Ayre Ventures; announces several enterprise clients using its B2B product suites

Apr 18, 2024 | 01:00 am

Gate2Chain has closed a new financing round led by Ayre Ventures and is building a global partner distribution network in collaboration with consulting companies and systems integrators like IBM. [...] Read More... The post Gate2Chain closes new financing led by Ayre Ventures; announces several enterprise clients using its B2B product suites appeared first on CoinGeek.

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

Apr 17, 2024 | 20:27 pm

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

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

Apr 17, 2024 | 15:00 pm

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

Bitcoin Halving Countdown: Why It May Not Guarantee Price Surge

Apr 17, 2024 | 10:35 am

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

Kraken Steps Up the Game with the Introduction of Crypto Wallet

Apr 17, 2024 | 08:25 am

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

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

Apr 17, 2024 | 00:12 am

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

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

Apr 16, 2024 | 07:22 am

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

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

Apr 16, 2024 | 01:48 am

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

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

Apr 16, 2024 | 00:28 am

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

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.

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.

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.

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.

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.

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.

Coinbold Announces Strategic Investment in Mars4 – MARS BATTLE

Apr 13, 2024 | 02:33 am

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

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

Apr 8, 2024 | 01:12 am

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

What is Saga (SAGA)?

Apr 4, 2024 | 00:46 am

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

What is Ethena Labs (ENA)?

Apr 2, 2024 | 00:49 am

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

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

Apr 1, 2024 | 09:24 am

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

What is Mystiko.Network?

Mar 31, 2024 | 01:29 am

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

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

Mar 30, 2024 | 03:20 am

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

How to Add Core to MetaMask

Mar 25, 2024 | 20:33 pm

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

How to Add NEO to MetaMask

Mar 25, 2024 | 08:02 am

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

How to Add Shardeum to MetaMask

Mar 25, 2024 | 01:51 am

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

Protected: Folks Finance

Mar 22, 2024 | 04:53 am

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

Mar 10, 2024 | 23:58 pm

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

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

Mar 8, 2024 | 04:25 am

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

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

Mar 8, 2024 | 04:14 am

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

DePIN: Is it the Next Big Wave in Blockchain?

Feb 29, 2024 | 21:51 pm

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

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

Feb 27, 2024 | 22:22 pm

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

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

Feb 26, 2024 | 22:19 pm

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

Octavia Web3 Assistant Leverages AI for Improved Crypto Insights and Management

Feb 17, 2024 | 22:16 pm

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

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

Feb 17, 2024 | 22:00 pm

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

What is ERC-404?

Feb 7, 2024 | 23:24 pm

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

How to Add Nibiru to MetaMask

Feb 1, 2024 | 20:19 pm

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

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

Jan 24, 2024 | 06:32 am

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

Coinbold Announces A Strategic Investment in Octavia

Jan 20, 2024 | 01:45 am

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

Blockchain Life 2024 in Dubai – Waiting for ToTheMoon

Jan 18, 2024 | 18:19 pm

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

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

Jan 18, 2024 | 17:56 pm

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

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

Jan 16, 2024 | 07:41 am

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

Dubai to host global AI leaders as the UAE ramps up its National Vision for Artificial Intelligence

Jan 15, 2024 | 19:38 pm

January 16 : Go on a 2-day networking spree and explore opportunities in AI, ML and RPA technologies at Global AI Show that will host world leaders of the global AI space. Jan 9, 2024: Grand Hyatt Dubai is all set to host the highly anticipated Global AI Show on 16-17 April, 2024. Event managed […]

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