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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
May / 02
- Massive Outflows from Bitcoin ETFs Signal Market Jitters
- May 02, 2024 at 10:01 am
- Bitcoin ETFs witnessed a wave of net outflows on Wednesday, with Grayscale Bitcoin Trust (GBTC), First Trust Bitcoin Trust (FBTC), and ARK 21Shares Bitcoin ETF (ARKB) experiencing significant redemptions. Notably, FBTC marked its fifth consecutive day of net outflows, highlighting increased investor uncertainty.
- BlockDAG Soars in Presale, Outshining Scorpion Casino's Exchange Debut
- May 02, 2024 at 10:01 am
- BlockDAG's recent presale triumph, eclipsing the launch of Scorpion Casino on PancakeSwap, has ignited the crypto community's interest. BlockDAG's impressive $22 million raise and ambitious projections, including a 30,000x return by 2027, surpass the initial excitement surrounding Scorpion Casino's debut, which has been met with concerns about its long-term stability.
- Stacks (STX) Navigates Bearish Market: Presale Investing Emerges as an Alternative
- May 02, 2024 at 10:01 am
- Stacks (STX) price faces bearish pressure, dropping below $2.0 but recovering slightly. The broader crypto market is experiencing a correction, impacting Bitcoin and altcoins like STX. Despite the downturn, presale investing offers potential upside opportunities. Mega Dice Casino's DICE presale provides cashback benefits and passive income, attracting investors looking for near-term gains. The crypto space remains volatile, but strategic investments can be profitable with proper research and risk management.
- $BRETT: The Memecoin Poised to Hit $500 Million Market Cap
- May 02, 2024 at 10:01 am
- The memecoin $BRETT continues to surge, becoming the number one trending token on DEX Tools app and maintaining its position as the top memecoin by market value on Base. The team behind $BRETT projects a market cap of $500 million, citing positive market indicators and the anticipation of Bitcoin reaching $100,000.
- BlockDAG Surges to ICO Dominance in 2024, Outperforming Rivals
- May 02, 2024 at 10:00 am
- In the burgeoning cryptocurrency landscape, BlockDAG emerges as a frontrunner among top ICOs for 2024, surpassing competitors with its $22 million presale revenue. Leveraging the scalability and cost-effectiveness of Directed Acyclic Graph (DAG) technology, BlockDAG offers a strategic vesting period for long-term investor engagement and market stability. With innovative products like the BDAG Debit Card and efficient miners, BlockDAG sets a high bar for technological advancements and investment opportunities in the blockchain sector.
- Expert Predicts Bitcoin 'Banana Zone' Rally, Bullish Outlook Ahead
- May 02, 2024 at 10:00 am
- Renowned cryptocurrency expert Raoul Pal analyzes Bitcoin's price action, identifying a potential "bull flag" after its recent correction. Pal predicts a "Banana zone" rally, where intense market excitement could fuel significant price increases, indicating a bullish outlook for Bitcoin with the possibility of reaching new all-time highs in 2025.
- BlockDAG Soars to Dominate 2024 Crypto Market with $10 Valuation Projection
- May 02, 2024 at 10:00 am
- Amidst cryptocurrency's surge, BlockDAG unveils a strategic vesting period for presale coins, fostering long-term investment and stability. This innovative approach aims to propel BlockDAG past competitors (Solana and Dogwifhat) and towards a $10 valuation by 2025, building upon its $21.7 million presale success.
- BlockDAG Presale Soars to $0.05 Target, Dominating Crypto Scene
- May 02, 2024 at 10:00 am
- BlockDAG's presale continues to gain momentum, reaching its 10th round with a coin price of $0.006 and targeting a significant 30,000X return on investment. Amidst promising cryptocurrency market trends, BlockDAG's technological advancements and strategic initiatives are attracting investor confidence and pushing the project towards a $10 valuation by 2025.
- BlockDAG Soars Amidst XRP's Headwinds and Ethereum's Fee Fluctuations, Backed by Liquidity Injection and Vesting Plan
- May 02, 2024 at 10:00 am
- BlockDAG emerges as a promising investment opportunity amidst market volatility, offering a $100 million liquidity boost, a strategic 4-month vesting plan, and lower transaction fees compared to XRP and Ethereum. While XRP faces regulatory-influenced price fluctuations and Ethereum enjoys reduced transaction fees, BlockDAG positions itself as a stable and efficient alternative with the potential for significant growth.
- Bitcoin Pioneer Roger Ver Arrested, Sending Shockwaves Through Crypto Industry
- May 02, 2024 at 10:00 am
- On April 30, the US Department of Justice indicted Roger Ver, known as "Bitcoin Jesus," for tax evasion and fraud. The arrest sparked mixed reactions within the crypto community, with some celebrating while others condemned the perceived government overreach and unclear regulatory landscape for cryptocurrencies. Experts and community members expressed concerns about the incident, considering it part of an ongoing "crypto witch-hunt" by the US administration and a lack of clear guidance on the legal status of crypto assets, specifically during the time of Ver's alleged offenses.
- Coal Mining Giant ARLP Mines Bitcoin, Sparking Debate on Profitability and Sustainability
- May 02, 2024 at 10:00 am
- Alliance Resource Partners (ARLP), a coal mining company, ventured into Bitcoin mining in 2020, generating $30 million in revenue. While the pilot project demonstrated the company's ability to adapt and utilize excess power,concerns linger. Long-term profitability is questioned due to the post-halving reduction in mining rewards and operational costs. Environmental impact remains a pressing issue, with concerns raised about the sustainability of coal-powered Bitcoin mining. ARLP's success in navigating these challenges will shape the viability of Bitcoin mining as a revenue stream for traditional companies.
- Bedrock Secures Strategic Funding to Fuel Liquid Restaking Innovation and Bitcoin Staking
- May 02, 2024 at 09:59 am
- Bedrock, a liquid restaking protocol, secured funding from investors like OKX Ventures and LongHash Ventures to enhance its solutions and expand its reach. Bedrock has established itself as a reliable liquid restaking platform with services aligning with institutional standards. With a combined TVL of over $200 million in uniETH and uniIOTX, Bedrock continues to innovate by offering cross-chain restaking on platforms like Arbitrum and Linea. Notably, Bedrock's upcoming introduction of liquid staked Bitcoin (uniBTC) on Babylon is poised to disrupt the staking landscape.
- MicroStrategy Unveils Groundbreaking Decentralized Identity Platform, MicroStrategy Orange, on Bitcoin Blockchain
- May 02, 2024 at 09:48 am
- MicroStrategy unveils MicroStrategy Orange, a groundbreaking decentralized identity platform leveraging the Bitcoin blockchain. Built for enterprises, this platform grants control over their Bitcoin infrastructure, ensuring unwavering security for decentralized identity applications. MicroStrategy Orange empowers organizations to generate Bitcoin addresses, integrate blockchain apps, and embed verification tools seamlessly into their systems.
- MicroStrategy Unveils 'MicroStrategy Orange': Powering Decentralized Identity on Bitcoin
- May 02, 2024 at 09:48 am
- MicroStrategy introduces MicroStrategy Orange, a groundbreaking decentralized identity (ID) platform built on the secure Bitcoin network. This innovative platform empowers enterprises with unprecedented control over the Bitcoin blockchain, enabling them to develop highly secure decentralized identity applications. With APIs, Orange Apps, and an SDK, organizations can seamlessly integrate MicroStrategy Orange into their systems to tackle digital identity challenges and provide verifiable credentials anchored securely on the Bitcoin blockchain.
- Bitcoin Wobbles, Entering New Decline Phase Amid Profit-Taking and Economic Headwinds
- May 02, 2024 at 09:30 am
- Bitcoin's price plummeted nearly 16% in April due to profit-taking after reaching record highs, but remains up 35% year-to-date. Analysts attribute the decline to ETF investors cashing out after substantial gains and the prospect of continued interest rate hikes by the Federal Reserve, negatively impacting interest rate-sensitive assets like cryptocurrencies.
- Bitcoin's Stubborn Resistance: $65K Barrier Foils Bulls, Altcoins Show Resilience in Volatile Market
- May 02, 2024 at 09:20 am
- Bitcoin battles below $65,000, facing resistance and triggering market uncertainty. Despite bullish attempts, the flagship cryptocurrency struggles to maintain momentum above $62,000, prompting a wider analysis of market sentiment and altcoin performance.
- Bitcoin Plunge to Continue as Bearish Sentiment Weighs on Market
- May 02, 2024 at 09:20 am
- Over the past day, Bitcoin's value has decreased by 3.84%, reaching $58,291.31 as of May 1. According to Cointelegraph, this depreciation may be attributed to a combination of diminished enthusiasm among investors and an increase in bearish sentiment.
- Bitcoin's Hoarders Withdraw as Halving Nears
- May 02, 2024 at 09:20 am
- Long-term Bitcoin holders continue to reduce their holdings, according to Bitfinex Alpha report. The report observes a notable increase in Bitcoin leaving centralized exchanges and a decrease in the idle supply of Bitcoin which is not has not moved in over a year. This trend reflects actions seen before a significant rise in the Bitcoin market, suggesting a similar growth phase. Meanwhile, Bitcoin exchange reserves have reached their lowest levels in several years.
- Luno Strengthens Crypto Portfolio with Cosmos and Polkadot
- May 02, 2024 at 09:15 am
- Luno has introduced Cosmos (ATOM) and Polkadot (DOT) to its cryptocurrency portfolio, expanding its offerings to 13 coins. These additions cater to the growing demand for diversification and innovation in the Malaysian crypto market, as Luno strives to provide a secure and regulated platform for crypto exploration.
