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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
- Ethereum's Token Supply Crisis: Deflationary Dynamics Ripple Through Network
- May 02, 2024 at 07:50 pm
- Despite its network turning deflationary, Ethereum (ETH) faces a potential shortage of physical coins due to high demand and limited supply. Coin scarcity is driven by increased usage, staking, security deposits, and the daily Ethereum burn program, reducing the available ETH for trading or transactions. As a result, liquid staking platforms like Lido control a significant portion of the ETH supply, further restricting its circulation and contributing to its store-of-value status.
- Antpool Accused of Shadowy Control Over Majority of Bitcoin Hash Rate
- May 02, 2024 at 07:49 pm
- Bitmain's Antpool, a major Bitcoin mining pool, has come under scrutiny for its potential dominance in the industry. Researchers speculate that Antpool may covertly control a majority of Bitcoin's hash rate, despite its claim to generate only a quarter. This raises concerns about centralization in the mining ecosystem, which could impact the security and stability of the Bitcoin network.
- Decimal Currency Transition: A Historic Transformation
- May 02, 2024 at 07:49 pm
- Roger Bendall adds to previous recommendations for Nabiac Bakery and Green House Cafe by enthusiastically endorsing the nearby Nabiac Butchery, hailed as the best south of Scotts Head, while expressing disappointment that it was omitted from previous reviews.
- Bitcoin's Volatility Dives, Indicating Maturity and Sustained Stability
- May 02, 2024 at 07:47 pm
- Fidelity Digital Assets' report highlights a decline in Bitcoin's volatility, signaling its maturing status. The cryptocurrency has reached record-low volatility on a yearly basis, demonstrating its stability compared to other S&P 500 companies and even surpassing Netflix in terms of volatility over the past two years. Fidelity projects a continued decrease in volatility as Bitcoin establishes itself as a more mature asset class.
- WienerAI: The Unique AI-Hotdog Hybrid Cryptocoin Shatters Presale Records
- May 02, 2024 at 07:47 pm
- WienerAI, a groundbreaking AI-hotdog hybrid crypto, has sparked immense excitement with its record-breaking presale, raising over $750,000 within days. Its unique concept combines viral crypto trends with a clear roadmap for long-term growth. The project's smart presale structure, with incentives for early investment, and first-mover advantage in the AI crypto space make it a compelling investment opportunity in the high-risk, high-reward meme coin landscape.
- Babylon Chain: Unleashing Bitcoin's Staking Power and Safeguarding Web3
- May 02, 2024 at 07:45 pm
- In the latest episode of SlateCast, CEO of Babylon Chain, David Tse, joins hosts Nate Whitehill and Liam Wright to delve into the innovative concept of Bitcoin staking. They explore Babylon Chain's mission to enable Bitcoin holders to earn yield while securing Web3. The discussion highlights the often-overlooked properties of Bitcoin, the shared security model underpinning Babylon Chain's protocol, and the potential of a new ecosystem emerging around Bitcoin driven by the learnings from proof-of-stake systems.
- Alleged Bitcoin Mining Monopoly Raises Decentralization Concerns
- May 02, 2024 at 07:45 pm
- New research by pseudonymous Bitcoin developer 0xb10c has uncovered evidence suggesting that Bitmain's AntPool, the alleged largest mining pool, is secretly disguising its massive operations under the names of independent pools. By analyzing block templates and the prioritization of transactions, 0xb10c detected that BTC.com Pool, Binance Pool, Poolin, EMCD, and Rawpool exhibit patterns identical to AntPool, indicating their use of a shared template and custom transaction prioritization. This research raises concerns about the potential centralization of Bitcoin's mining operations, as AntPool's influence could surpass the publicly reported hash rate of one-quarter.
- Friend.tech's Controversial Smart Contract Features: Non-Transferable Token Raises Concerns
- May 02, 2024 at 07:44 pm
- Decentralized social media platform Friend.tech's upcoming v2 launch may feature a non-transferable token airdrop. This token, called POINTS, would allow users to create social clubs on the platform while preventing initial airdrop selling pressure. However, concerns have arisen regarding potential conflicts with the platform's anti-venture capital stance due to a 1.5% fee associated with token sales.
- Friend.tech v2 Launch and Airdrop Sparks Controversy with Non-Transferable Token
- May 02, 2024 at 07:43 pm
- Decentralized social media platform Friend.tech is set to launch its second version and airdrop on May 3rd. However, leaked smart contracts reveal potentially controversial features, including a non-transferable token ($POINT), which has sparked concerns among crypto enthusiasts. This token cannot be sold or exchanged, except to specific whitelisted addresses, and is intended to prevent initial airdrop selling pressure while allowing users to create social clubs on the platform.
- Aave Labs Unveils Ambitious Roadmap for Aave V4, Proposing Major DeFi Protocol Upgrades
- May 02, 2024 at 07:39 pm
- Aave Labs has proposed an overhaul of its DeFi protocol, outlining significant upgrades in its latest "temperature check" document. Key enhancements include updates to the GHO stablecoin, a new visual identity, and a Unified Liquidity Layer for smoother integration. The proposal also introduces dynamic interest rates, liquidity premiums, vaults, and smart accounts for simplified user management. Aave Labs seeks a grant of 15 million GHO and 25,000 stkAAVE to implement the first year of the three-year plan.
- Unizen Unveils Groundbreaking Updates for Revolutionary DeFi Experience
- May 02, 2024 at 07:37 pm
- Unizen has launched two groundbreaking updates that transform DeFi: Enhanced Ethereum Gas Optimization and ULDMv3. Enhanced Ethereum Gas Optimization significantly reduces transaction costs by up to 70%, while ULDMv3 revolutionizes liquidity distribution with faster quote speeds, reduced gas costs, cross-chain trade splitting, enhanced token routing, and machine learning integration. These advancements optimize trading efficiency, making DeFi more accessible and cost-effective for users.
- IQVIA Reports Strong Q1 Performance, Exceeds Analyst Expectations
- May 02, 2024 at 07:36 pm
- IQVIA Holdings Inc. reported strong financial results for Q1 2024, with revenue growth of 2.9% to $3,737 million (excluding pass-throughs, R&D Solutions segment grew 6.9%). The company beat analysts' EPS estimates with an adjusted EPS of $2.54 and exceeded revenue expectations with $3.74 billion. IQVIA remains financially sound with $1.4 billion in cash and equivalents, and maintains a strong backlog and book-to-bill ratio, indicating solid future revenue potential.
- Bitcoin Dives as Play-to-Earn Shines in Crypto Market Volatility
- May 02, 2024 at 07:36 pm
- Amidst the turbulence of the cryptocurrency market, Bitcoin faces challenges maintaining support levels, while the Play-to-Earn (P2E) sector flourishes, led by the remarkable growth of Galaxy Fox (GFOX). The strengthening dollar, delayed interest rate cuts, and regulatory hurdles have contributed to Bitcoin's recent struggles, leading to widespread uncertainty. In contrast, the P2E sector attracts new gamers eager to earn cryptocurrency through blockchain-based gaming, offering a glimmer of hope and innovation in the volatile crypto landscape.
- DTX Exchange Rises as Altcoin Market Stumbles
- May 02, 2024 at 07:34 pm
- In the face of market volatility, investors are seeking alternative growth opportunities, with DTX Exchange emerging as a promising altcoin that has attracted interest from Binance Coin and Render investors. DTX Exchange's unique features, such as 1000x leverage, distributed liquidity pools, and non-custodial wallets, have made it a compelling option for traders seeking high returns and enhanced control over their funds.
- Fidelity Leaps Ahead in Bitcoin ETF Outflows, Grayscale Trails Amid Market Drop
- May 02, 2024 at 07:30 pm
- On May 1st, Fidelity outpaced Grayscale in Bitcoin (BTC) exchange-traded fund (ETF) outflows, with a record $191.1 million. Grayscale's GBTC, previously dominant in outflows, recorded $167.4 million, while BlackRock's IBIT experienced its first outflow of $36.9 million, marking a challenging day for Bitcoin ETFs. Despite the Federal Reserve's unchanged interest rates, BTC remained under pressure, dropping below $60K and potentially facing further declines to $54K, according to experts.
- Dogecoin at a Critical Crossroads Amid Market Turbulence
- May 02, 2024 at 07:30 pm
- Dogecoin faces a critical juncture amidst a 47% price correction, prompting debates about its future trajectory. Historical patterns suggest potential for a significant bull run, as seen with previous descending triangle formations. However, analysts also caution about a potential further decline indicated by a Head & Shoulders pattern, highlighting the need to monitor key support levels.
- Crypto Market Rocked by Contrasting Fortunes of Bitcoin and Shiba Inu
- May 02, 2024 at 07:30 pm
- The cryptocurrency market remains volatile in 2024, with established coins like Bitcoin facing challenges while meme coins like Shiba Inu experience unexpected growth. Bitcoin's price struggles amid market corrections and inflation fears, while Shiba Inu sees a surge in activity and transaction fees on its layer-2 blockchain solution, Shibarium.
- Bitcoin Correction: Analysts Weigh in on Market Dynamics and Future Outlook
- May 02, 2024 at 07:30 pm
- Amidst the recent dip in Bitcoin's value, crypto analyst Marco Johanning maintains an optimistic outlook, emphasizing that the current price action is a correction within an ongoing bull market. He cites several indicators of a continued bullish trend, including the breakout above the 200-day moving average and the establishment of higher highs and higher lows over the past 18 months. Johanning provides detailed technical analysis scenarios, suggesting potential reversal points at key levels and predicting a continuation of the bull market, supporting his view with the resilience displayed by altcoins during Bitcoin's volatility.
- Digital and Tech Debt: The Silent Burden Draining Businesses and Workers
- May 02, 2024 at 07:30 pm
- Amidst rapid digitalization, organizations face the challenges of digital and technical debt, which hinder adaptability and productivity. These debts stem from hasty adoption of technologies without proper assessment, leading to accumulation of poorly designed code and outdated systems. This article explores the impact of these debts on modern workers, discusses the leadership challenges they pose, and highlights the potential of artificial intelligence (AI) in resolving these issues. AI-powered analytics can pinpoint areas for improvement and enhance decision-making, while also assisting in automating tasks and streamlining processes. By embracing AI and prioritizing human-centric sustainability through upskilling and reskilling initiatives, organizations can alleviate digital debt burdens and foster a culture of continuous learning and growth.
- HBAR Soars as Hedera Consensus Service Gains Traction in Enterprise Market
- May 02, 2024 at 07:29 pm
- The cryptocurrency market experienced a surge in the value of HBAR, the native token of the Hedera Consensus Service. This surge was driven by positive news about the platform's development and partnerships. Bitcoin, the leading cryptocurrency, also saw a slight increase in value.