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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
- Crypto Market Plummets Amid Regulatory Clouds
- Apr 22, 2024 at 08:00 pm
- Bitcoin (BTC) is a decentralized digital currency created by Satoshi Nakamoto in 2008. Unlike traditional currencies, BTC is not controlled by any central authority or bank. Instead, it operates on a peer-to-peer network, with transactions verified and secured by network nodes. The total supply of BTC is limited to 21 million coins, and new coins are mined through a process called Proof of Work. BTC has gained popularity as a digital store of value and a medium of exchange due to its decentralized nature, scarcity, and ability to facilitate secure and anonymous transactions.
- Chainalysis and Polkadot Ink $10M Partnership for Enhanced Compliance and Innovation
- Apr 22, 2024 at 08:00 pm
- Chainalysis has proposed a $10 million partnership with Polkadot to strengthen compliance through monitoring, tracing, and on-chain intelligence solutions. The partnership aims to enhance Polkadot's market growth and reputation protection by providing visibility into potentially risky on-chain actions and tailoring solutions to institutional stakeholders' needs. While the proposal has limited community support, its potential benefits include increased market capitalization, market share, and adoption.
- XRP Surge Predicted Post-Bitcoin Halving, with Potential Ascendance to $1.06
- Apr 22, 2024 at 07:59 pm
- Grok AI estimates that XRP typically increases by over 21% within 120 days following each Bitcoin halving. This suggests that XRP could reach $1.06 by August, contingent upon factors such as the ongoing SEC lawsuit, stablecoin launch, and regulatory developments.
- SolCex: Gateway to Solana's Trading Revolution Unleashed
- Apr 22, 2024 at 07:57 pm
- SolCex, a centralized cryptocurrency exchange launched on the Solana blockchain, aims to become the leading trading platform for Solana enthusiasts. With its feature-rich platform, advanced security measures, and commitment to innovation, SolCex seeks to provide a seamless trading experience and unparalleled liquidity for traders and investors. SolCex fills a void in the Solana ecosystem, providing users with a Binance-like exchange tailored to Solana tokens and cryptocurrencies.
- Proactive News Welcomes Seasoned Media Professional Leo Grieco
- Apr 22, 2024 at 07:57 pm
- Leo Grieco joins Proactive with a degree in Media Production and expertise in video editing and producing. As a member of the UK editorial team, he reports on business and finance, with a focus on hospitality, leisure, support services, tech, and video games. Proactive's team spans key financial hubs globally, providing independent news and insights across various sectors, including biotech, mining, battery metals, oil and gas, crypto, and EV technologies.
- Woo X Revolutionizes Crypto, Unveils RWA Earn Vaults for Mass Treasury Bill Access
- Apr 22, 2024 at 07:56 pm
- Woo X has launched RWA Earn Vaults, a yield-producing product that offers exposure to tokenized US Treasury bills to retail investors. This collaboration with OpenTrade marks the first time a crypto exchange provides access to such assets, aiming to bridge the gap between traditional finance and cryptocurrency.
- Polkadot (DOT) Rallies from April Losses, Signaling Recovery
- Apr 22, 2024 at 07:56 pm
- Despite initial challenges in April, Polkadot (DOT) has shown resilience, trading at $7.46. The recent surge is part of an 8% weekly gain, and a 3.65% market cap increase to $10,701,457,190. While the 4-hour chart indicates a consolidation phase, technical analysis suggests a potential for continued upward momentum.
- Polkadot's Resurgence: Technical Uptrend and Renewed Market Sentiment
- Apr 22, 2024 at 07:56 pm
- Buoyed by increased buying pressure, Polkadot's price has initiated an upward trend, reclaiming the 200-day moving average at $7. As the price approaches $8.8, a key Fibonacci level, traders should monitor the decisive range near $7.4-$7.8 for potential price fluctuations. sentiment analysis indicates a neutral stance in the perpetual futures market, suggesting potential for renewed activity and heightened volatility in the mid-term.
- Chimpanzee's NFT Gambit: A Wildlife Conservation Catalyst
- Apr 22, 2024 at 07:51 pm
- Chimpanzee (CHMPZ) prepares for the launch of 'Chimpzee NFT Passports,' a unique strategy for revitalizing wildlife conservation through crypto incentivization. The project allocates 10% of its token supply to support global initiatives, fostering demand and utility through its shop-to-earn, trade-to-earn, and play-to-earn platforms. Deflationary tokenomics and bold global environmental goals have garnered attention, leading to growing anticipation for the NFT launch and a potential pump in $CHMPZ tokens.
- XRP Bucks Outflow Trend, Defies Market Headwinds
- Apr 22, 2024 at 07:51 pm
- Amidst a market downturn, digital asset investment products witnessed outflows totaling $206 million, with Bitcoin and Ethereum experiencing significant outflows. However, XRP defied the trend, attracting $1.3 million in inflows, possibly due to factors such as Ripple's technology adoption and increased investor interest. XRP's price and trading volume have also shown resilience, with a 0.82% increase in the past 24 hours and a 3.01% gain over the past week, indicating a potential shift in sentiment towards the asset.
- Bitcoin Miners Rake in Profits as Transaction Fees Soar Post-Halving
- Apr 22, 2024 at 07:50 pm
- Amidst the recent Bitcoin halving, miners have experienced a surge in revenue due to an increase in network fees. Driven by speculative activity surrounding the minting of meme tokens, such as those enabled by the Runes protocol, the current miner revenue has tripled compared to pre-halving levels. Despite the speculative nature of these token launches, Bernstein anticipates 15% of miner revenue to stem from network transaction fees on an ongoing basis, highlighting the developer interest in Bitcoin and the potential for sustained revenue streams for miners.
- BlockDAG Soars Amidst Market Turbulence, Challenging Solana and Shiba Inu
- Apr 22, 2024 at 07:50 pm
- Amidst Solana's transactional challenges and Shiba Inu's aggressive token burning strategy, BlockDAG captures attention with a $19.3 million presale, targeting a substantial $600 million goal. BlockDAG's advanced hybrid technology, combining blockchain security with DAG efficiency, positions it as a promising investment choice in the evolving cryptocurrency market.
- Shiba Inu Secures $12 Million to Unveil Revolutionary Blockchain and Amplify Ecosystem
- Apr 22, 2024 at 07:49 pm
- Shiba Inu, a popular Ethereum-based ecosystem, has secured $12 million in funding from strategic partners like Comma 3 Ventures and Animoca Brands. This investment is earmarked for the development of its new blockchain featuring Fully Homomorphic Encryption (FHE) technology, enhancing privacy and trust within its vast community. The funding will also support the expansion of Shibarium, the meme center, and bolster security and regulatory compliance.
- Dogecoin Poised for Massive 500% Surge, Analysts Predict
- Apr 22, 2024 at 07:47 pm
- Analysts predict a potential surge in Dogecoin's value, forecasting increases of up to 500% and milestones like $1. While the asset has remained stable amidst recent meme coin rallies, analysts anticipate a rally supported by post-Bitcoin halving market trends that have historically catalyzed cryptocurrency price increases.
- Shiba Inu Secures $12M Investment for Blockchain Development and Ecosystem Expansion
- Apr 22, 2024 at 07:46 pm
- Shiba Inu, a leading crypto ecosystem built on Ethereum, has secured $12 million from prominent non-U.S. venture capital firms, including Comma 3 Ventures, Big Brain Holdings, and Polygon Ventures. This investment will fund the development of Shiba Inu's new blockchain featuring Fully Homomorphic Encryption (FHE), enhancing privacy and trust for its vast community. The funding also aims to advance Shibarium and expand Shiba Inu's technology usability and regulatory compliance.
- Solana's Meme Coin Contender, Mega Dice ($DICE), Embraces Explosive Growth Potential
- Apr 22, 2024 at 07:46 pm
- As the crypto community anticipates a bull run, meme coins like Mega Dice ($DICE) are attracting attention. Launched on Solana, Mega Dice has raised $350,000 within 24 hours, positioning it as a potential viral hit. The project combines a staking system for passive income, a Telegram-based crypto casino, and a wide selection of games.
- Heroes of Mavia Poised to Follow Axie Infinity's Success, Backed by VC Giants
- Apr 22, 2024 at 07:45 pm
- According to popular trader Criptopaul, Heroes of Mavia (MAVIA) has the potential to become the Axie Infinity (AXS) of this market cycle. Backed by notable venture capital firms, MAVIA is expected to yield potential returns of 15-20x, similar to AXS's remarkable 174,900% surge in 2021. As per technical analysis, MAVIA is anticipated to face initial resistance at $5, while Criptopaul predicts a sudden surge in ETH/BTC, indicating a favorable period for altcoin investments.
- Bybit Unveils Mission to Empower Crypto Traders
- Apr 22, 2024 at 07:45 pm
- Leading crypto exchange Bybit has launched a captivating interview series showcasing renowned traders' experiences and insights. This initiative aims to foster a community of crypto traders, providing guidance and resources throughout their development. The first episode featured Anson Tan, sharing his trading journey, vision, and aspirations alongside Bybit. Tan emphasized the user-friendly platform, robust performance, and exceptional customer service offered by Bybit, making it his preferred choice for trading.
- Visa+ Unveiled: Cross-Platform Paynames Revolutionize Peer-to-Peer Payments
- Apr 22, 2024 at 07:45 pm
- Visa+ launched in April 2022 to bridge the gap between peer-to-peer payment apps, enabling real-time payouts to participating digital wallets like Venmo and PayPal. The service allows users to set up a unique Visa+ payname connected to a Visa token, ensuring privacy and security. Visa+ addresses the fragmentation in payment systems, offering interoperability for B2C payment flows and enabling businesses to disburse funds in real time. With plans to expand in 2024 through partnerships with Astra, Brightwell, Cross River Bank, and Fiserv, Visa+ aims to drive adoption of electronic wage access solutions and enhance the overall consumer experience in the digital payment landscape.
- Groundbreaking Proposal: US Senate Targets Bitcoin Wealth with 1% Tax
- Apr 22, 2024 at 07:40 pm
- The US Senate's proposed 1% wealth tax on Bitcoin holdings exceeding $500,000 signifies a significant shift in the regulatory landscape for cryptocurrencies. This move marks a departure from previous approaches and indicates the government's increasing scrutiny of digital assets and its intent to integrate them into the national tax framework.