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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
- Global Crypto Market Surges: Bitcoin Dominates, AIOZ Network Soars
- Apr 22, 2024 at 04:35 pm
- The global crypto market witnessed a moderate uptrend on Monday, with the total market cap increasing by 1.62% to $2.44 trillion. Bitcoin (BTC) emerged as the most trending cryptocurrency, rising 1.71% to $66,283.15, while AIOZ Network (AIOZ) stood as the top gainer with a surge of 13.23%. Nervous Network (CKB) faced a decline of 4.56%, becoming the biggest loser in the market. Notably, DeFi experienced a 4.30% increase, reaching $5.12 billion, as reported by Coinmarketcap.com.
- Bitcoin Halving: Historic Event Unleashes Scarcity, Price Potential, and Market Volatility
- Apr 22, 2024 at 04:35 pm
- The Bitcoin halving, a pre-programmed event that occurs approximately every four years, took place on April 19, 2024. This event reduced the block reward for bitcoin miners by half, from 6.25 BTC to 3.125 BTC per mined block, impacting miners' profitability and potentially leading to changes in the mining industry. While the immediate price response was muted, the halving has long-term implications for bitcoin's supply-and-demand dynamics. The reduction in the supply of new bitcoins entering circulation is expected to create upward pressure on bitcoin's price over time, but the relationship between halvings and price appreciation is not straightforward and can be influenced by various market factors.
- Magic Eden Unveils Game-Changing NFT and Blockchain Initiatives: Runes and Base to Launch
- Apr 22, 2024 at 04:34 pm
- Magic Eden, an established NFT and blockchain platform, is expanding its offerings with the upcoming launches of Runes and Base on April 23rd and 25th, respectively. Runes, a gaming initiative, will integrate NFTs into gameplay, providing players with enhanced experiences and ownership potential. Base, tailored towards digital art, aims to empower artists and creators by connecting them with a global audience and bypassing traditional art market barriers. These platform developments underscore Magic Eden's commitment to innovation and leadership in the NFT and blockchain space, signaling a potential surge in user engagement and creator empowerment.
- Solana Ecosystem Hit by Surge of Abandoned Meme Coin Projects, Investigator Warns
- Apr 22, 2024 at 04:34 pm
- Cryptocurrency on-chain investigator ZachXBT has raised concerns about a troubling trend within Solana's ecosystem: the abandonment of presale meme coin projects. According to his findings, approximately 12 meme coins launched through Solana presales have vanished within a month, collectively siphoning off 180,650 SOL ($26.7 million). This serves as a cautionary tale for investors to exercise prudence and avoid engaging with projects associated with such founders.
- Ethereum Transaction Volume Soars, Signaling Long-Term Holder Confidence
- Apr 22, 2024 at 04:33 pm
- In the dynamic cryptocurrency market, various factors influence market behavior and investor sentiment. Ethereum's recent transaction surge suggests potential growth but faces bearish conditions. Bitcoin's "halving" event has sparked speculation about price implications, while the Furrever Token (FURR) emerges with promising investment prospects, capturing the attention of investors with its innovative blend of digital collectibles and financial potential.
- Dogecoin Primed for Potential Bull Run on Back of Bitcoin Halving and DOGE Day
- Apr 22, 2024 at 04:33 pm
- The TD Sequential indicator hints at a potential bullish reversal for Dogecoin (DOGE), following the Bitcoin halving and DOGE Day events. This buy signal suggests an upswing of one to four days for DOGE, with a possible price target above $0.20. However, the Dogecoin community warns against the proliferation of DOGE airdrop scams, like dogechain.com, which aim to steal personal and financial information through phishing schemes.
- Bitcoin Soars Past $65K Milestone After Successful Halving
- Apr 22, 2024 at 04:33 pm
- Driven by a successful halving event, Bitcoin commenced the week with notable gains, surpassing $65,000 on Monday. The halving, which reduces the issuance rate of new Bitcoins by 50%, sparked optimism among traders. Despite expectations of significant price surges, Bitcoin's rally has been modest, with prices hovering between $65,000 and $67,000 as of early Monday.
- Mount Gox to Disburse Crypto Assets to Creditors by October 2024
- Apr 22, 2024 at 04:32 pm
- Mount Gox, once a prominent Bitcoin exchange, prepares to distribute substantial crypto assets (142,000 BTC, 143,000 BCH) and yen (69 billion) to creditors by October 2024. Despite the positive news, skepticism lingers due to Mount Gox's history of delays and the potential impact on Bitcoin's market dynamics, as the influx of crypto assets could introduce selling pressure and influence price fluctuations.
- Bitcoin Miners Strike Gold: Transaction Fees Fuel Record $107M Windfall
- Apr 22, 2024 at 04:30 pm
- Bitcoin miners experienced a record-breaking payday, earning $107 million on April 20th. This surge in profitability, primarily driven by transaction fees, showcases the evolving revenue dynamics of Bitcoin mining operations. The increasing importance of transaction fees as a revenue stream highlights the resilience and adaptability of Bitcoin's economic model, especially amidst planned block reward reductions.
- Bitcoin Halving Unlocks Latent Potential: Unveiling the Post-Event Landscape
- Apr 22, 2024 at 04:30 pm
- The recent Bitcoin halving event occurred on April 19, 2024, marking a reduction in miner rewards from 6.25 BTC to 3.125 BTC per mined block. Unlike previous halving events, this one did not result in significant price fluctuations, with Bitcoin's value remaining stable at around $64,000. Analysts are examining historical data from the 2020 halving to gain insights into potential market trends in the coming months.
- Unveiling the Cryptic Landscape: Breaking Down Retik, Shiba Inu, and Pepe Coin for April 2024 Market Analysis
- Apr 22, 2024 at 04:29 pm
- In the evolving cryptocurrency landscape, three notable players emerge: Retik Finance (RETIK), Shiba Inu (SHIB), and Pepe Coin (PEPE). RETIK stands apart with its innovative financial solutions and Certik certification, offering a potential safe haven for investors. SHIB, known for its community support, faces volatility, while PEPE navigates uncertainty with limited information and market fluctuations. As we enter April 2024, RETIK presents a compelling watchlist addition with its roadmap and security measures, while caution is advised for SHIB and PEPE due to their speculative nature and associated risks.
- CoinEx Partners With Token 2049 Dubai to Drive Web3's Future
- Apr 22, 2024 at 04:24 pm
- CoinEx, a renowned global cryptocurrency exchange, is honored to sponsor Token 2049 Dubai as a Gold Partner. The influential blockchain and crypto event brings together industry thought leaders and fosters collaboration. CoinEx, a trusted exchange with over 5 million users globally, is excited to contribute to the event's vibrant atmosphere of innovation and drive mainstream crypto adoption.
- Raboo Emerges as the Next Moonshot Contender Amidst Meme Coin Mania
- Apr 22, 2024 at 04:23 pm
- Amidst recent market fluctuations, meme coin presales have emerged as promising investment opportunities. Raboo, a novel AI meme token, stands out with a presale price of $0.0036, projected to soar by over 233% during the presale and 100x post-ICO. Its cutting-edge ecosystem, fueled by SocialFi mechanics and AI technology, has attracted significant investor interest, making Raboo a compelling option for those seeking exponential returns in the realm of meme coin investments.
- Memecoin Mania: Allure and Perils of the Crypto Craze
- Apr 22, 2024 at 04:22 pm
- Memecoins, driven by internet trends and jokes, have gained immense popularity in the cryptocurrency market. While they offer potential for substantial gains, they come with significant risks. Due to their nature, memecoins are prone to extreme volatility and "rug pulls," where creators vanish with investors' funds after a price surge. Recognizable memes and community engagement are key elements of memecoins, but indicators of potential scams include unrealistic promises, excessive hype, weak meme culture, and community focused solely on hype generation rather than genuine support. These factors undermine trust and may suggest an increased risk of rug pulls.
- Bitcoin Halving Fuels Optimism Despite Market Fluctuations
- Apr 22, 2024 at 04:20 pm
- Summary:The recent Bitcoin Halving, which occurs every four years, has reduced mining rewards by half to 3.125 BTC. While some analysts expect the Halving to soften the decline in Bitcoin's value rather than trigger a surge, the event is anticipated to enhance its status as a store of value due to its reduced annual inflation. Despite mixed reactions, experts remain optimistic about Bitcoin's long-term prospects, with some predicting a rally towards $100,000 or even $150,000 in the coming years.
- Bitcoin Halving Spurs Surge in Layer 2 Token Adoption
- Apr 22, 2024 at 04:20 pm
- Amid Bitcoin's recent halving, a new trend has emerged: a surge in tokens associated with Bitcoin Layer 2 solutions. Led by STX, these tokens have outperformed BTC, highlighting investors' growing interest in addressing the Bitcoin blockchain's scalability limitations. This rally coincides with a significant increase in transaction fees on Bitcoin, further emphasizing the need for Layer 2 solutions to provide faster transactions at lower costs. As scalability concerns persist, Layer 2 projects may play a crucial role in ensuring Bitcoin's long-term viability.
- Surge in Tether Activity on Tron Raises Concerns Amid Market Turmoil
- Apr 22, 2024 at 04:20 pm
- Amidst Ethereum's market challenges, DeeStream's token presale gains traction among cryptocurrency holders, including those holding Tether USDt and Tezos. While Tezos faces mixed price predictions and a bearish sentiment, Tether USDt's surge in transactions on Tron raises concerns about potential illicit activities. However, Ethereum developers proceed with plans for the next upgrade, "Pectra," and DeeStream's presale continues to attract investors with its innovative model that rewards token holders and streamers while prioritizing freedom of expression.
- Bitcoin Breaks $65,000 Barrier, Triggers $112 Million Crypto Liquidations
- Apr 22, 2024 at 04:19 pm
- Bitcoin regained its upward momentum, surpassing $65,000 after the 2024 supply halving, marking a 1.7% surge within 24 hours. BTC's resurgence prompted liquidations of over $112 million, primarily in the short positions. The V-shaped recovery pattern on the daily chart indicates potential price discovery beyond the $80,000 mark. Technical indicators, including moving averages and RSI, favor the upside, while support at $64,000 provides a buffer against potential dips.
- NEAR Protocol's NEAR Token Flirts With Bullish Breakout, Teasing Price Upswing
- Apr 22, 2024 at 04:18 pm
- NEAR price showcases a bullish reversal teasing a channel breakout in the 4H chart. The upcycle, fueled by the broader market recovery, has led to a 40% surge in 9 days. The price currently trades at $6.881, approaching the $7 mark. A bullish breakout rally, supported by a 20% increase in trading volume, could target $9, with a more optimistic Fib level suggesting a potential rise to $12.
- FTX Aftermath: Lawsuits Against Bankman-Fried Dropped, Focus Shifts to Celebrity Promoters
- Apr 22, 2024 at 04:18 pm
- In a major development, FTX investors and customers have agreed to drop lawsuits against co-founder Sam Bankman-Fried (SBF) in exchange for his cooperation in other legal proceedings against third parties, including celebrities and firms allegedly linked to the now-defunct crypto exchange. SBF has consented to provide vital information and documents relating to FTX's associations, enabling investors to pursue lawsuits against third parties and recover losses.