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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
- 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.
- Bitcoin Surges as AI Adoption in Mining Boosts Volume and Sentiment
- Apr 22, 2024 at 11:20 pm
- The Bitcoin price has surged by 1.7% in the last 24 hours, coinciding with CoinShares' announcement that crypto miners may explore AI to enhance earnings. The halving, which occurs every four years, has led to increased costs for miners. However, mining companies like BitDigital, Hive, and Hut 8 are already profiting from AI.
- Bitcoin Market Shows Resilience Amidst Halving and Geopolitics
- Apr 22, 2024 at 11:20 pm
- Bitcoin prices remained stable at $66,300 as of Monday afternoon GMT, despite the recent halving event. The geopolitical tensions between Iran and Israel have had a more significant impact on the market than the halving, according to Mick Roche of Zodia Markets. Experts note that bitcoin's correlation with the broader stock market is increasing, with factors such as regulatory developments and retail trading activity influencing its price action.
- ZKasino's Suspect ETH Transfer Raises Red Flags, Sparks Legal Threats
- Apr 22, 2024 at 11:18 pm
- ZKasino has transferred $33 million worth of ETH belonging to its users to Lido, changing its initial refund plan, sparking outrage within the community. ZKasino users have expressed their dissatisfaction on X, with some calling the project a scam and others calling for legal action against the team. As major platforms distance themselves from the project, members of the crypto community have doxxed the founder of ZKasino.
- Crypto Investors Exit Digital Assets Amid Rate Hike Anxiety and Global Instability
- Apr 22, 2024 at 11:15 pm
- Amidst interest rate concerns and geopolitical uncertainty, crypto investors withdrew $206 million from digital asset products last week, marking the second consecutive week of outflows. Bitcoin (BTC) bore the brunt of these withdrawals, particularly in U.S. ETFs and other financial vehicles underpinned by BTC, amounting to over $192 million.
- Bitcoin Soars to $66,270, Triggering Speculation of Further Gains
- Apr 22, 2024 at 11:15 pm
- Bitcoin's recent surge, reaching $66,270, has sparked interest in price predictions. As it surpasses $64,853, analysts speculate on its potential for further gains, considering key resistance levels. Meanwhile, global currency markets remain stable, while Bitcoin miners profit from increased transaction fees introduced by the Runes protocol, despite concerns about high fees and network congestion. Additionally, the launch of Bitcoin futures trading on Brazil's B3 exchange has seen high demand, opening up the market to more investors and bolstering Bitcoin's adoption.
- Shiba Inu Raises $12 Million to Create Privacy-Focused Blockchain
- Apr 22, 2024 at 11:14 pm
- At Token2049 in Dubai, Shytoshi Kusama, lead developer of meme coin Shiba Inu (SHIB), announced a $12 million funding round to develop a new privacy-focused Layer 3 blockchain via its Panama-based company Shiba Inu Mint S.A. The funding will be used to develop Shiba Inu's blockchain technology and implement its Shibarium Layer 2 scaling solution.
- Hot Toys Unveils Stunning Darth Revan and Lord Starkiller Figures from Star Wars Legends
- Apr 22, 2024 at 11:14 pm
- Hot Toys unveils its latest 1:12 scale Star Wars figures, venturing into the "Legends" realm of the franchise with beloved non-canonical characters Darth Revan from Knights of the Old Republic and Lord Starkiller from The Force Unleashed. Revan boasts two lightsabers, an articulated hood, and a frayed cloak, while Lord Starkiller showcases his darker side as a mechanized cyborg monster. Both figures are slated for release in mid-2025, offering collectors an exclusive opportunity to acquire these iconic characters from Star Wars' expansive universe.
- Shiba Inu Secures Multimillion-Dollar Funding for Game-Changing Layer 3 Blockchain with FHE Technology
- Apr 22, 2024 at 11:14 pm
- Shiba Inu has secured a multimillion-dollar funding round, with participation from non-U.S. venture capital firms. The funding will be used to build a new Layer 3 blockchain network with Fully Homomorphic Encryption (FHE) technology, aiming to revolutionize the industry with enhanced privacy and trust.
- Polkadot Primed for Stellar Rally, Experts Predict Exponential Gains
- Apr 22, 2024 at 11:13 pm
- Polkadot's native token, DOT, has recently experienced a 5% surge in price, leading analysts to speculate a potential rally that could elevate its value to $15 or even $20 by the end of next year. Prominent traders, including Michael van de Poppe and Flash, view DOT as a favorable investment opportunity due to its strong fundamentals and buy-the-dip sentiment during the recent market correction.
- Ethena's Resilience Shines Amidst Market Turbulence
- Apr 22, 2024 at 11:11 pm
- Ethena's price has rebounded significantly, surging over 25% in two sessions after a sharp fall. The impressive upswing is driven by positive investor sentiment, strategic partnerships, and favorable market conditions. Technical indicators, such as the EMA crossovers and RSI above the mean line, suggest potential for further growth. Despite a recent price drop, large wallet holders have increased their accumulation.