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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
May / 04
- Maximize Your Crypto Gains: A Comprehensive Guide to Phoenixcoin Airdrops and Staking Rewards
- May 04, 2024 at 03:02 am
- Airdrops have become a popular cryptocurrency marketing strategy, offering free tokens to participants to increase adoption and buzz. To claim airdrops, users need a compatible wallet and must meet eligibility criteria set by the project, which may involve signing up, completing tasks, or holding tokens. However, it is crucial to verify the legitimacy of airdrops and be cautious of scams, as not all airdrops are genuine. By following the steps in this guide and taking necessary precautions, users can potentially benefit from airdrops while being aware of the associated risks and challenges.
- Address Poisoning: Crypto Scammers Siphon Millions with Stealthy Attack
- May 04, 2024 at 03:02 am
- In a significant cryptocurrency theft, hackers orchestrated an "address poisoning" attack, misleading a victim into transferring $68 million worth of Bitcoin to a contaminated recipient's wallet. Blockchain data reveals that the victim's Ethereum wallet was targeted, resulting in the loss of 1155 Wrapped Bitcoin tokens. This attack highlights the vulnerability of wallets to address poisoning, where hackers exploit similarities in wallet addresses to trick victims into sending funds to unauthorized destinations.
- Coin Metrics Innovates Cryptocurrency Market Analysis with Free Float Supply Methodology
- May 04, 2024 at 03:02 am
- Coin Metrics introduces a free float supply methodology for digital assets. The methodology excludes coins and tokens that lack liquidity due to factors such as being burned, held by foundations, or inactive for extended periods. This standardization of supply data aims to enhance the accuracy of industry metrics like market capitalization and liquidity, providing investors with a more precise basis for decision-making.
- Promising Cryptocurrencies Under $1: A Comprehensive Guide for Investors
- May 04, 2024 at 03:02 am
- As the 2024 crypto rally gains momentum, investors are exploring undervalued cryptocurrencies under $1 with high growth potential. Five promising altcoins stand out: ADA, DOGE, SHIB, XRP, and CYBRO. Each offers distinct characteristics and investment opportunities. CYBRO, a platform for earnings through blockchain, is poised for potential value growth with its presale underway, while ADA, DOGE, SHIB, and XRP navigate market corrections and present opportunities for investors seeking short-term gains.
- XRP Dormant Token Surge Fuels Speculation, Potential Dip Buying Interest
- May 04, 2024 at 03:02 am
- The recent rise in inactive XRP token movement has sparked attention, according to a Santiment analysis. The XRP Ledger has witnessed a surge in dormant tokens "moving to open," resembling the increase in old coin movement recorded on April 13th before a market crash. Experts suggest this movement may indicate investors' buy-the-dip interest, with prices rising since the May peak.
- Ref Finance Raises $4.8M to Fuel DeFi on Near Blockchain
- May 04, 2024 at 03:01 am
- Ref Finance, an automated market maker for Near, has concluded a $4.8 million funding round headed by Jump Crypto, Alameda Research, and Dragonfly Capital. AMMs, essential to decentralized finance, facilitate liquidity provision and token incentives for users. Ref Finance's focus on stablecoins and Near's growing interoperability position it as a liquidity gateway, enabling the trading of various assets with low transaction costs and fast finality. The funds will support Ref Finance's team expansion and enhancements to its products and services within the Near ecosystem.
- Bitcoin Maximalist Michael Saylor Predicts Rocky Road Ahead for Ethereum and Altcoins with Institutional Investors
- May 04, 2024 at 03:01 am
- Bitcoin maxi Michael Saylor foresees limited institutional adoption for altcoins like Ethereum and Ripple in the next decade. According to Saylor, regulators classify these altcoins as unregistered crypto asset securities, hindering their approval as spot ETFs. He anticipates Ethereum's denial this summer, signaling its placement in the same category as Solana, Ripple, and Cardano.
- Ethereum: The Revolutionary Cryptocurrency Transforming the Digital Landscape
- May 04, 2024 at 03:00 am
- Ethereum, the second-largest cryptocurrency by market capitalization, offers a decentralized platform for building applications and smart contracts. Despite its origins with Russian-Canadian founder Vitalik Buterin, Ethereum has gained popularity in Russia, with major banks like VTB and Sberbank expressing interest.
- Industry Giant Defends Tether Stability, Urges Caution Amid Controversy
- May 04, 2024 at 03:00 am
- Despite accusations of manipulation and skepticism, Ethereum co-founder Joseph Lubin believes that Tether, a controversial stablecoin, is backed by US dollars. Lubin, known for his expertise in the crypto space, asserts that Tether's reserves are sufficient based on his discussions with industry insiders. However, he acknowledges concerns about Tether's transparency and expects other stablecoins to emerge as potential replacements.
- Bitcoin's Lettuce Hands Stand Tall Amidst Market Plunge
- May 04, 2024 at 03:00 am
- On-chain data reveals a shift in market sentiment, with Bitcoin's short-term holders (STHs) refraining from significant loss-selling during the recent market crash. Despite the asset's substantial price decline, STHs have maintained their coins, indicating a potential maturation of the market and a shift away from the weak hands that typically drive sell-offs during price downturns.
- Trio of Titans: XRP, ONDO, and ETFS Spearhead Crypto ETF Revolution
- May 04, 2024 at 03:00 am
- ETFS, XRP, and ONDO lead the dynamic crypto ETF movement, redefining investment strategies within the decentralized finance landscape. XRP's resilience, growth potential, and upward trend suggest significant value, while ONDO Finance revolutionizes instant settlements through its decentralized ETF platform. ETFSwap (ETFS), with its innovative integration of traditional securities into the DeFi ecosystem, drives investor demand, showcasing a presale with a promising ascent from $0.00854 to $0.01831, backed by a comprehensive audit and a robust 40% public sale allocation.
- Tether Challenges Android Stronghold with Ambitious Pear Phone
- May 04, 2024 at 03:00 am
- Tether CEO Paolo Ardoino has hinted at the possibility of a new Tether-backed smartphone, the "Pear Phone," which would challenge Google's Android dominance by excluding Google software and featuring peer-to-peer alternatives, amid growing uncertainty for the tech giant.
- Build on Bitcoin Mainnet Launch Unleashes New Horizons for Bitcoin-Based DeFi
- May 04, 2024 at 02:51 am
- The Build on Bitcoin (BOB) network has officially launched its mainnet, marking a significant milestone for Bitcoin-focused decentralized finance (DeFi) projects. This launch unveils over 40 decentralized applications and an initial analytical lock up of $300 million, providing users with new opportunities to interact with blockchain technology and digital assets. BOB's mainnet launch marks the venture into Bitcoin-based DeFi markets by providing a robust platform for decentralized applications, a hybrid layer-2 network that encompasses worldwide acceptance, liquidity, proof-of-work security, smart contract functionality, and more.
- Cybercriminals Steal Millions in Cryptocurrency Through Address Poisoning
- May 04, 2024 at 02:48 am
- Crypto hackers have exploited address poisoning to deceive a user into transferring $68 million in Bitcoin to their wallet. The attack involved sending a low-value transaction to the victim's wallet, strategically aligning the attacker's address with the victim's in their transaction history. This caused the victim to mistakenly copy the attacker's address when attempting to receive a subsequent transaction, resulting in the loss of their funds.
- Dogecoin Freezes in Crypto Winter, Raising Risk Appetite Concerns
- May 04, 2024 at 02:48 am
- Amidst a market downturn, Dogecoin (DOGE) has plummeted over 70%, casting uncertainty over its future. Despite the negative sentiment surrounding DOGE, on-chain data reveals a rise in sizable wallet purchases, suggesting a potential accumulation by affluent investors. This contrarian move, supported by analysis of Coinglass data, indicates a belief in DOGE's undervaluation and potential for recovery. Whether DOGE will weather the current storm or succumb to a crypto winter remains to be seen.
- Dogecoin's Plunge Opens Doors for New Meme Coin Hopefuls
- May 04, 2024 at 02:48 am
- Amidst Dogecoin's 33% plunge, a new era emerges in the crypto market, driven by meme coins with high return potential. Dogeverse, WienerAI, and Sponge V2 are emerging as promising alternatives to Dogecoin, each offering unique utilities and high APY yields. These altcoins are gaining traction as Dogecoin faces downward pressure, and investors are seizing the opportunity to acquire them at discounted presale rates.
- Penguiana, Solana's Latest Meme Coin, Launches Successful Presale, Raises $300 SOL Within Hours
- May 04, 2024 at 02:47 am
- Penguiana, a meme coin on the Solana blockchain and upcoming play-to-earn game, has begun its presale, raising 300 SOL in two hours. The 31-day presale allows early adopters to purchase $PENGU tokens by sending SOL to a designated wallet address. Penguiana aims to attract meme coin enthusiasts and leverage Solana's speed and low fees, ensuring a smooth and rewarding experience.
- Cryptocurrency Adoption Soars as Wallet Growth Explodes
- May 04, 2024 at 02:46 am
- The cryptocurrency market is experiencing a surge in active wallets, indicating a rise in adoption and investor confidence. Toncoin (TON) leads the growth with a remarkable 110% increase in non-empty wallets, while Dogecoin (DOGE) follows with a 27% jump. Stablecoins such as USDT and USDC have also witnessed substantial growth, solidifying their roles in the crypto ecosystem. Ethereum and Bitcoin, the industry stalwarts, have also seen positive wallet increases.
- Decentralization Surges Amidst Crypto Bear Market: Jupiter, dYdX, and DTX Emerge as Formidable Contenders
- May 04, 2024 at 02:42 am
- In the midst of a bear market, decentralized exchanges (DEXs) such as Jupiter, dYdX, and DTX are witnessing a surge in popularity. These platforms offer enhanced security, decreased reliance on central authorities, and facilitate direct peer-to-peer transactions. Jupiter, with its unique liquidity aggregator and governance token, has shown steady growth and potential for expansion. dYdX, despite facing token unlocks, remains a major player in the market, with technical analysis indicating possible fluctuations and recovery. DTX, with its presale generating significant interest, is poised for substantial growth, offering high-frequency trading with up to 1000x leverage and a user-friendly platform.
- Bitcoin Soars as US Unemployment Rises to 3.9%
- May 04, 2024 at 02:41 am
- Amidst rising US unemployment, Bitcoin (BTC) has surged past $61,000. The US Bureau of Labor Statistics reported a lower-than-expected job growth in April, resulting in an unemployment rate increase from 3.8% to 3.9%. Despite this, the data indicates a rise in hourly wages for nonfarm workers. This coincides with BTC's current price surge, trading at $61,428, a 3.6% increase in the past 24 hours.