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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
Apr / 22
- Hong Kong's Securities Industry Champions Self-Regulation to Promote Growth and Competitiveness
- Apr 22, 2024 at 11:34 pm
- The Hong Kong Securities & Futures Professionals Association (HKSFPA) has urged crypto firms in the city to establish a self-regulatory organization to monitor compliance and maintain industry development. The move aims to balance supervision and growth in Hong Kong's virtual asset industry, which has seen tolerant regulation compared to other jurisdictions.
- JUST Crypto's Market Stamina: Resilience Amidst Volatility
- Apr 22, 2024 at 11:34 pm
- JUST crypto witnessed a 19.12% decline this week, with technical indicators suggesting a bearish trend. Despite a 25.55% decrease in trading volume, JST has faced strong selling pressure, resulting in a 20% price drop from the $0.0506 resistance level. At press time, JST trades above the $0.0307 demand zone, with support levels at $0.0279 and $0.0249, and resistance levels at $0.0441 and $0.0506. JST's positive returns have declined to 33.62%, and the price must close above $0.0441 for the bullish trend to continue.
- Solana Memecoin Frenzy Fizzles, Leaving Investors with Lessons and Losses
- Apr 22, 2024 at 11:32 pm
- The hype surrounding Solana memecoins has significantly subsided in recent weeks, following an explosion in popularity that saw tens of millions of dollars invested in speculative tokens. This craze involved a surge in presales, with 12 crypto projects raising a combined $26.7 million before being abandoned within a month. Notable examples include "I Like This Coin," which raised $7.7 million before its value plummeted and its creators disappeared.
- Shiba Inu Unveils $12M Investment for Game-Changing FHE Blockchain and $TREAT Token
- Apr 22, 2024 at 11:32 pm
- Shiba Inu has recently acquired $12 million in funding to contribute to the expansion of its utility and governance token, $TREAT. $TREAT will operate within Shiba Inu's new blockchain, which utilizes Fully Homomorphic Encryption (FHE) technology, enabling computations on encrypted data without compromising its privacy. This advancement aligns with Shiba Inu's mission to enhance the security and privacy aspects of cryptocurrency transactions.
- Collateral and Flash Loans: Key Elements in Crypto Lending
- Apr 22, 2024 at 11:32 pm
- Despite the prevalence of crypto loans, retail investors typically require collateral to obtain one. The only exception is flash loans, which involve short-term borrowing and returning funds within the same blockchain transaction, requiring specialized knowledge. However, businesses may access crypto loans without crypto collateral by providing off-chain assets as collateral on platforms like Goldfinch. Most crypto loans require over-collateralization, allowing lenders to bypass credit checks by using excess collateral as security. Undercollateralized loans exist but come with higher risk and interest rates, warranting caution.
- Uniswap Poised for 30.44% Surge within 5 Days Amidst Favorable Market Sentiment
- Apr 22, 2024 at 11:32 pm
- Uniswap's price prediction projects a 30.44% surge to $10.55 within 5 days. Currently trading at $8.09, UNI has gained 3.20% in the last 24 hours. Over the past 30 days, it has declined by 31.82% and is 46.18% higher than its price a year ago. The market sentiment is neutral, and the Fear & Greed index indicates greed. Technical indicators show a mix of bullish and bearish signals, resulting in a neutral overall sentiment.
- Bitcoin Halving Overshadowed by Global Turmoil
- Apr 22, 2024 at 11:31 pm
- Bitcoin's halving has had minimal impact on its price, as broader economic and geopolitical factors dominate market sentiment. Despite initial expectations of a price surge, Bitcoin's trading remains stable at $66,300 due to easing tensions between Iran and Israel, increasing correlation with broader market trends, and ongoing regulatory developments.
- Polygon (MATIC) Set for Bullish Run: Price Surge Predicted in Next Five Days
- Apr 22, 2024 at 11:31 pm
- Polygon (MATIC) is expected to surge by 20.54%, reaching $0.901315 within the next five days, as per our price prediction. MATIC is currently trading at $0.740783, indicating bullish market sentiment (Greed). Indicators point toward a bearish outlook, with 16 indicators signaling a negative prediction compared to 13 bullish signals. However, technical analysis suggests buying opportunities at current levels.
- DODOchain Debuts: Revolutionizing Omni-Chain Trading and Liquidity Sharing
- Apr 22, 2024 at 11:31 pm
- DODO has launched DODOchain, a Layer3 Omni-Trading platform powered by Arbitrum Orbit, EigenLayer, and AltLayer. DODOchain consolidates liquidity from various chains into a unified platform, enabling cross-chain trading, liquidity sharing, and issuance and management of assets across different blockchains. The aim is to enhance trading opportunities and address challenges faced by Layer2 solutions, including fragmented liquidity, high costs, and security risks.
- Shiba Inu Secures $12 Million for Trailblazing Privacy Blockchain
- Apr 22, 2024 at 11:31 pm
- Shiba Inu raised $12 million through the sale of TREAT tokens, which will fund the development of a privacy-centric Layer 3 blockchain using Zama's fully homomorphic encryption (FHE) technology. Investors included Polygon Ventures, Mechanism Capital, Big Brain Holdings, and Shima Capital.
- Dogecoin Primed for Surge, Analysts Predict Ascent to $1 Mark
- Apr 22, 2024 at 11:30 pm
- Despite a recent dip, Dogecoin is reportedly poised for a significant upswing aiming at the $1 mark, following a consolidation phase after breaking out from a descending triangle formation. Analyst Ali Martinez suggests that Dogecoin is mimicking its characteristic pattern, which has historically led to notable price surges for the popular memecoin. The prediction aligns with the bullish sentiment surrounding DOGE, sparking anticipation for its potential ascent and solidifying its position as a major player in the cryptocurrency market.
- Nexera Foundation's NAI Token Launch and rALBT Burn Event Mark a Pivotal Moment in Open-Source Finance Innovation
- Apr 22, 2024 at 11:30 pm
- Nexera Foundation has launched Nuklai's NAI token, an innovative blockchain infrastructure for AI and LLM data ecosystem. To mark the launch, they are conducting an rALBT burn event, distributing 200 million NAI tokens ($9.5 million) to NXRA stakers on Fundrs for exclusive opportunities in upcoming launches and the burn event.
- Top-Five QB Picks: Weighing the Odds of Franchise Success
- Apr 22, 2024 at 11:30 pm
- In the upcoming NFL draft, many experts predict that quarterbacks will dominate the first round, with the Chicago Bears anticipated to select Caleb Williams as the top overall pick. Historical data reveals that landing a franchise quarterback via a top-five pick is challenging, with only a 35.7% success rate from 2011 to 2020. Finding an elite quarterback with top-five draft capital becomes even more elusive, with a mere 21% hit rate over the same period.
- Open AI Language Models Challenge Boundaries of Accessibility and Transparency
- Apr 22, 2024 at 11:30 pm
- Mistral and Meta have recently announced and open-sourced their new models, Mixtral 8x22B and LLama 3, rivaling the likes of GPT-4, Gemini Pro, and Claude 3. These releases have rekindled debates on the risks and definitions of open source AI. While these models provide greater control over data and adaptability to specific needs, concerns arise regarding their accessibility for potentially malicious purposes and the need for transparency and responsibility in their development and deployment. As research continues to push the boundaries of LLM capabilities, the discussion on the merits and risks of open source AI will continue.
- Bitcoin's Halving Moment Resets Mining Landscape
- Apr 22, 2024 at 11:29 pm
- The highly anticipated Bitcoin halving event occurred on Friday, cutting the block reward for miners in half from 6.25 BTC to 3.125 BTC per block. The event, designed to slow the creation of new bitcoins, marks a significant milestone in the digital currency's journey, affecting miners' profits and potentially influencing the long-term price trajectory of the cryptocurrency.
- Alaya AI Leads AI and Blockchain Convergence at BNB Chain Dubai Event
- Apr 22, 2024 at 11:28 pm
- Alaya AI, renowned for its leadership in artificial intelligence technology, is thrilled to announce its participation in the upcoming BNB Chain event in Dubai. This prestigious gathering will convene blockchain and AI luminaries to explore transformative trends in digital revolution and their impact across diverse industries. Alaya AI, at the forefront of AI integration with practical applications, will unveil its latest advancements at this event and engage in discussions with industry experts to propel the field's progress.
- Bitcoin Layer 2 Tokens Surge as Layer 2 Solutions Emerge as Scalability Savior
- Apr 22, 2024 at 11:26 pm
- Following the highly anticipated halving of Bitcoin's mining reward, Bitcoin layer 2 solution tokens have outperformed BTC, surging by 5% to 20%. Stacks (STX), a prominent layer 2 solution, has gained nearly 20%, while BTC has experienced a modest 4.5% increase. Notably, these layer 2 solutions are addressing Bitcoin's scalability and transaction speed limitations by enabling off-chain processing.
- Crypto Lending Essentials: Collateral, Risks, and Unsecured Options
- Apr 22, 2024 at 11:25 pm
- For regular users, obtaining crypto loans without collateral is not feasible, except for specialized flash loans on DeFi platforms. These loans require technical knowledge and are only suitable for experienced users. Standard crypto loans necessitate collateral, often with over-collateralization to eliminate credit checks, increasing the risk to lenders and warranting higher interest rates. Unsecured crypto lending among large firms contributed to the 2022 market crash, highlighting the risks involved. While some firms still offer such loans, they are limited to other companies and institutional investors.
- Bitcoin Eyes $66K as Key Support with Mammoth Accumulation
- Apr 22, 2024 at 11:25 pm
- Bitcoin has the potential to establish $66,000 as a crucial support level, backed by significant accumulation by over 1.54 million addresses. This accumulation suggests strong investor confidence and bullish market sentiment. If successful, Bitcoin's next resistance level is projected to be between $69,900 and $71,200.
- Surge in DeFi Fuels Sub-$1 Crypto Craze, Attracting Whale Interest
- Apr 22, 2024 at 11:21 pm
- The sub-$1 cryptocurrency market presents compelling investment opportunities, driven by the surge in DeFi adoption. Billion Dollar Jackpot (BDJ), Wiener AI (WAI), and Poodl Inu (POODL) emerge as intriguing contenders vying for crypto whales' attention. BDJ offers a unique Play-to-Earn platform centered around accurate Formula One predictions, while WAI combines AI capabilities with meme coin appeal. POODL aims to dethrone Dogecoin as the dominant meme coin through its community focus and staking rewards. Each project showcases a distinct risk-reward profile, with BDJ poised for significant growth potential due to its innovative concept and targeted audience.