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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
- Bitcoin Unleashes Runes: Unlocking Fungible Tokens on the Blockchain
- Apr 22, 2024 at 10:02 pm
- The Runes Protocol, a new innovation on the Bitcoin blockchain, is set to go live following the recent halving event and is expected to boost traffic and liquidity. It will introduce fungible tokens to the Bitcoin blockchain, addressing inefficiencies of the previous Ordinals protocol. Meanwhile, ETFSwap (ETFS) aims to merge crypto and ETFs by tokenizing ETFs on the blockchain and enabling their swap to crypto and fiat.
- Runes Protocol: Revolutionizing Token Creation on Bitcoin Blockchain
- Apr 22, 2024 at 10:02 pm
- Runes Protocol on Bitcoin: Enhancing Efficiency and Token CreationThe Runes Protocol, a revolutionary innovation on Bitcoin, enables the creation of fungible tokens directly on the blockchain. Utilizing Bitcoin's UTXO mechanism, it minimizes network congestion and bloat. Runes simplifies token creation, encouraging developer participation and expanding Bitcoin's potential applications. This protocol empowers the emergence of memecoins, stablecoins, and governance tokens, broadening its appeal and opening new possibilities in decentralized finance.
- Nvidia Stock Surges Past Bitcoin, Reflecting AI's Growing Influence on Digital Assets
- Apr 22, 2024 at 10:02 pm
- Nvidia's stock has outperformed Bitcoin as an investment, with a remarkable 180% increase since 2021. Despite the hype surrounding cryptocurrencies, Bitcoin only saw an 8.3% increase during the same period. Nvidia's AI and GPU technologies support AI-powered trading platforms and efficient cryptocurrency mining, establishing a synergy between AI and digital assets. While Bitcoin remains the leading cryptocurrency, Nvidia's performance suggests that traditional investments may deliver substantial returns in the long term.
- Axie Infinity: A Comprehensive Breakdown of the Crypto Gaming Phenomenon
- Apr 22, 2024 at 10:02 pm
- The Axie Infinity (AXS) cryptocurrency exhibits minimal trading volume activity. AXS, the governance token for the Axie Infinity game ecosystem, has 53.11% of its maximum supply in circulation. A decrease in the token's market cap and trading volume is observed. High volatility and seller dominance characterize the AXS market, while sentiment remains neutral. Technical analysis suggests a bearish trend with lower lows, below-EMA prices, and bearish MACD and RSI indicators.
- Crypto Market Swings: Celestia Soars, Nervos Network Tumbles
- Apr 22, 2024 at 10:02 pm
- Over the past week, crypto markets have witnessed both gains and losses. Celestia emerged as the top performer, surging 9.48%, while Nervos Network suffered the most significant decline, dropping 31.81%. Notable events include the launch of an NFT collection between Stepn and Adidas, the introduction of restaking opportunities for Ethereum holders, and Binance's acquisition of a full crypto license in Dubai. However, the crypto space also faced challenges such as a hack on Grand Base, regulatory pressures, and criticism of meme coins.
- Predictive Models and Human Expertise: Refining XRP's Price Forecast
- Apr 22, 2024 at 10:01 pm
- Predictive models have limitations in the rapidly evolving blockchain industry, particularly due to the lack of reliable data. InvestingHaven believes in combining human expertise and established trading patterns for informed predictions. By analyzing human psychology and market trends, we forecast a bullish reversal for XRP, with a potential target of $3 and a longer-term projection of $10 based on historical patterns and market opportunities.
- Promising Altcoins Emerge Post-Bitcoin Halving: Chainlink, Near Protocol, Avalanche, and Furrever Token Set for 2024 Success
- Apr 22, 2024 at 10:00 pm
- Investors are looking to promising altcoins with significant growth potential in 2024, including Chainlink (LINK), Near Protocol (NEAR), Avalanche (AVAX), and Furrever Token (FURR). Furrever Token, in particular, has captured attention with its innovative approach, strong presale performance, and potential for substantial returns. Avalanche (AVAX) has demonstrated resilience post-Bitcoin halving, while Chainlink (LINK) faces challenges and Near Protocol (NEAR) exhibits potential for reaching $10 by 2024.
- Shiba Inu's Epic Surge: On Track to Rejoin Top 10 Cryptocurrencies
- Apr 22, 2024 at 10:00 pm
- Shiba Inu (SHIB) surged over 15% last week, solidifying its position as the 11th largest cryptocurrency by market cap. Market indicators such as a bullish MACD crossover, increasing relative strength index, and decreasing network-to-value ratio suggest a continued price rise. SHIB's supply on exchanges declined while its off-exchange supply increased, indicating growing confidence among whales.
- 胜利证券宣布推出改变游戏规则的香港比特币以太坊ETF，改变加密货币投资
- Apr 22, 2024 at 09:59 pm
- Victory Securities, a renowned Hong Kong financial firm, introduces the Hong Kong Bitcoin Ethereum spot ETF, integrating cryptocurrencies into mainstream banking. This strategic move emphasizes Victory Securities' commitment to transparency and accessibility in the digital assets industry. The comprehensive fee structure guide provides investors with a clear understanding of ETF participation costs, ranging from 0.5% to 1% for market transactions and 0.1% to 0.15% for cash redemption.
- Bitcoin Shatters $66K Barrier, Reigniting Crypto Frenzy
- Apr 22, 2024 at 09:56 pm
- Bitcoin has reached a new all-time high, breaking through the $66,000 resistance level, cementing its position as the undisputed leader in the cryptocurrency market and marking a significant milestone in the cryptocurrency's journey towards mainstream adoption.
- Celo Blockchain Scales Up with Optimism's OP Stack Layer-2 Solution
- Apr 22, 2024 at 09:55 pm
- After an eight-month evaluation, Celo Blockchain core developer cLabs has chosen Optimism's OP Stack to develop a Layer-2 Blockchain. OP Stack's scalability, compatibility, and use of optimistic rollups were key factors in Celo's decision. This move will integrate Celo into Optimism's Superchain ecosystem, joining other notable projects like Base and Worldcoin.
- Altcoin Market Buzzes with Activity: A Comprehensive Roundup
- Apr 22, 2024 at 09:41 pm
- This week has brought a wave of news in the cryptocurrency realm, with 42 altcoin projects buzzing with activity. Significant developments emerged, including the activation of the Nakamoto window for Stacks (STX) for integrating Bitcoin with smart contracts, the release of a new WEVER token by Everscale (EVER), and the conclusion of voting for INJ 3.0 for Injective (INJ). The week also saw CEOs hosting AMAs, such as Rick Schmitz of LTO Network discussing Real World Assets, and Jamie Thomson of Vulcan Forged sharing updates on the project.
- Crypto Payment Platforms Slowly Emerge, Lagging Behind Apple Pay's Intuitive User Experience
- Apr 22, 2024 at 09:39 pm
- In an interview with Cointelegraph, Helio CEO Stijn Paumen discusses the challenges faced by cryptocurrency payment platforms in matching the user experience of traditional payment methods like Apple Pay. Paumen highlights the performance limitations of Bitcoin and Ethereum and emphasizes the emergence of second-generation blockchains like Solana as a potential solution. Helio's platform supports multiple cryptocurrencies, including Bitcoin, Solana, and USDC, and has facilitated $30 million in monthly payments, primarily within the Web3 space.
- Thai SEC Cracks Down on Unauthorized Crypto Platforms to Curb Cybercrime
- Apr 22, 2024 at 09:38 pm
- The Thai Securities and Exchange Commission (SEC) announced plans to ban "unauthorized" crypto platforms, following similar actions taken by the Philippines and India. The move aims to strengthen law enforcement's ability to combat online crime and protect investors. The SEC has urged users to promptly withdraw their funds from these platforms, but has not yet disclosed which specific entities are deemed unauthorized.
- Stablecoin DAI Weathers Crypto Market Turmoil
- Apr 22, 2024 at 09:31 pm
- Dai, an Ethereum-based stablecoin pegged to the US dollar, maintains a stable value with high liquidity and low volatility. Founded by MakerDAO in 2014, Dai offers a reliable medium of exchange and store of value. Despite its stable performance for the past year, its price remains neutral, with potential fluctuations tied to significant events affecting the US Dollar.
- BEFE: A Sustainable Star in the Wild West of Meme Coins
- Apr 22, 2024 at 09:25 pm
- Meme coins, often driven by hype rather than utility, present risks for long-term investors. However, BEFE stands out in the meme coin realm, employing innovative strategies to add value to its holders, including collaborations with Bitgert for gas-free DeFi activities and accessible staking mechanisms. These initiatives have contributed to BEFE's remarkable growth and sustainability, differentiating it within the meme coin ecosystem.
- Independent Presidential Candidate Pushes for Blockchain-Powered Government Transparency
- Apr 22, 2024 at 09:20 pm
- Independent presidential candidate Robert F. Kennedy Jr. advocates for a Web3 overhaul of the federal budget by implementing blockchain technology. He believes this could enhance government transparency by making the budget accessible to all Americans in real-time. Kennedy claims it would increase accountability and prevent extravagant government spending. However, he also acknowledges potential privacy concerns and warns against the misuse of transparency facilitated by blockchain.
- Sui Overflow Global Hackathon Funding Soars to $1 Million
- Apr 22, 2024 at 09:14 pm
- Sui Overflow, the first-ever global virtual hackathon to leverage Sui's industry-leading performance and infinite horizontal scaling, has doubled its funding to $1 million, attracting enthusiastic supporters including Alibaba Cloud, AngelHack, and dWallet. Teams will compete in categories like Consumer & Mobile, Infrastructure & Tooling, Gaming, and DeFi, leveraging Sui primitives like zkLogin and Advanced Move Features. With significant rewards and accelerated grant funding, Sui Overflow aims to foster innovation and empower developers to build exciting products on the Sui network.
- DTX Exchange: A Rising Star Soars in the DeFi Arena
- Apr 22, 2024 at 09:12 pm
- In the ever-evolving DeFi market, DTX Exchange introduces a decentralized solution aiming to challenge the dominance of established contenders like BNB and TRON. Boasting a successful pre-sale that surpassed $250k in a short timeframe, DTX offers a next-generation crypto exchange that merges the benefits of centralized and decentralized platforms.
- Sui Blockchain Hackathon Draws Doubled Prize Pool of $1 Million
- Apr 22, 2024 at 09:12 pm
- Sui Overflow, the global virtual hackathon for the Sui blockchain, has seen its funding pool double to $1 million with support from Alibaba Cloud, AngelHack, and dWallet. Builders will compete in categories such as Consumer & Mobile and DeFi, utilizing Sui's features like zkLogin and Randomness. Top projects from previous Sui hackathons have grown into established businesses on the network, demonstrating the fertile ground for innovation that Sui Overflow will provide.