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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 / 05
- Ethena's Bitcoin-Backed USDe Sparks Market Crash Fears
- Apr 05, 2024 at 06:01 pm
- Ethena Labs' announcement of backing its USDe synthetic dollar with Bitcoin has raised concerns among crypto experts, including CryptoQuant CEO Ki Young Ju. Ju believes this move poses risks similar to the Terra LUNA-UST crisis, where maintaining a stablecoin peg using Bitcoin reserves led to a market crash. He highlights the difficulty in maintaining a delta-neutral strategy for Bitcoin during bear markets, expressing concerns about the potential sale of Bitcoin to stabilize USDe's peg in such conditions.
- Ripple Launches Stablecoin into Crowded US Dollar Market
- Apr 05, 2024 at 06:01 pm
- Ripple has announced its entry into the stablecoin market with a US dollar-backed token, targeting industry giants USDT and USDC. Aimed at enhancing the current market, estimated to reach $2 trillion by 2028, the stablecoin will initially be issued on the XRP Ledger and Ethereum blockchain.
- Borroe Finance: The AI-Powered Upstart Reshaping the Blockchain Investment Landscape
- Apr 05, 2024 at 06:00 pm
- In the realm of cryptocurrency, Bitcoin's recent dip in ETF demand has stirred up the markets. Amidst these fluctuations, Borroe Finance emerges as a promising challenger on the Polygon blockchain, disrupting DeFi with its AI-driven platform. Borroe Finance leverages CrossFi and oracles to offer secure investments, opening new horizons for savvy investors seeking diversification. The platform's strategic investments in altcoins and NFT gaming further underscore its potential to revolutionize the blockchain landscape and drive innovation in the financial world.
- Bybit Solidifies Transparency Leadership with Unprecedented Proof-of-Reserves Audit
- Apr 05, 2024 at 06:00 pm
- Bybit, a leading crypto exchange, solidifies its position as an industry leader in transparency and security with a groundbreaking proof-of-reserves audit, verifying 40 crypto tokens, including WLD, AGI, APEX, and BEAM, among others. The audit confirms that all verified tokens are fully backed up to 150%, showcasing Bybit's commitment to robustness and user trust.
- Cryptocurrency Regulation: Balancing Innovation, Investor Protection, and Market Stability
- Apr 05, 2024 at 06:00 pm
- Cryptocurrency regulation, encompassing frameworks and policies governing the use, trading, and issuance of digital assets, varies significantly across countries. While some embrace cryptocurrencies as legitimate financial instruments, others enforce strict restrictions or outright bans. Regulation is shaped by concerns over consumer protection, financial stability, money laundering, and tax evasion, and commonly includes measures like business licensing, KYC/AML procedures, and tax regulations. Fragmented and evolving regulatory approaches pose challenges for global adoption and compliance, but efforts are underway to strike a balance between innovation and investor protection, with international cooperation crucial for sustainability and inclusivity in the cryptocurrency ecosystem.
- Bitcoin (BTC) consolidates and gathers strength for next upside move - Crypto Daily
- Apr 05, 2024 at 06:00 pm
- Bitcoin has exhibited a bull pennant pattern since the strong upward movement in February. The sideways movement could continue for around two weeks, with a potential target of $105,000 if the pattern breaks out to the upside. A downside breakout could lead to a retracement to $51,000, providing a buying opportunity for those seeking entry or increasing positions. The focus should be on holding Bitcoin for long-term appreciation, regardless of short-term market fluctuations.
- Crypto Currents: Shiba Inu Scares, Dogecoin Soars, Rebel Satoshi Rises
- Apr 05, 2024 at 06:00 pm
- The cryptocurrency market is in constant flux, with established names and promising newcomers vying for dominance. This week, the Shiba Inu community faces threats from bad actors, while Dogecoin surges in value. Rebel Satoshi's ecosystem expands with the release of the $RECQ token, attracting significant attention in its presale stages. Despite the excitement, vigilance against scams remains paramount.
- 'Crooks:' A Gripping Crime Saga Blending Fact and Fiction
- Apr 05, 2024 at 05:59 pm
- "Crooks," a captivating series on Netflix, follows a thrilling hunt for stolen artifacts and exposes the intricate web of gang violence and heartbreak across Europe. Based on a true story, the show's premise revolves around the theft of an invaluable 18th-century gold coin, drawing inspiration from a real-life heist that occurred in Berlin. While the plot and characters are fictionalized, the series authentically portrays organized crime syndicates operating in Berlin, Vienna, and Marseille, grounding its narrative in meticulous research and captivating viewers with its fast-paced tempo, relatable characters, and gripping storyline.
- Pullix: The Hybrid Trading Platform Revolutionizing Crypto Exchange
- Apr 05, 2024 at 05:59 pm
- Pullix (PLX) emerges as a hybrid exchange combining CEX and DEX features, addressing liquidity issues and eliminating entry barriers. Its innovative ecosystem includes a revenue share model, Trade-to-Earn mechanics, and multiple asset trading options. Notably, PLX holders can earn high APYs by staking their tokens, reducing the circulating supply and promoting long-term stability. With its unique offerings and projected 100x price increase by the end of Q4 2024, PLX is attracting significant attention as a promising investment opportunity.
- Ankr's Neura Blockchain: AI and Web3 Breakthrough or False Start Amid Price Dive?
- Apr 05, 2024 at 05:58 pm
- Ankr's Neura Blockchain, an innovative platform for AI and Web3, has generated excitement but its native token, ANKR, has faced a downturn due to market conditions and limited adoption. Despite the positive impact of the Neura launch, concerns remain about ANKR's price trajectory.
- Bitgert Coin: A Burgeoning Cryptocurrency with Impressive Performance and Lucrative Returns
- Apr 05, 2024 at 05:56 pm
- Amidst the current bull market, analysts have identified Bitgert coin as a promising investment. Despite the recent market downturn, Bitgert has maintained its value, showcasing its resilience and earning the attention of crypto experts. Its impressive uptrend and diverse use cases have fueled its popularity, making it one of the best-performing cryptocurrencies in the market. Analysts predict a bright future for Bitgert, with its potential for soaring high and providing lucrative returns for long-term investors.
- South Korea Fortifies Crypto Regulation with Sweeping Exchange Guidelines
- Apr 05, 2024 at 05:55 pm
- South Korea will soon enforce stricter cryptocurrency regulations, particularly targeting centralized exchanges. The new guidelines will impose stringent listing criteria, barring assets with hacking histories and requiring foreign projects to provide Korean-specific documentation. Exchanges may face delisting obligations for non-compliant projects and foreign tokens listed on regulated exchanges for over two years may be exempt from certain provisions. The implementation timeline, expected in the coming months, will mandate exchanges to prepare for the enhanced regulations.
- Xterio Unleashes Revolutionary Blockchain Platform for Web3 Gaming
- Apr 05, 2024 at 05:54 pm
- Web3 gaming publisher Xterio and decentralized protocol AltLayer unveil a game-focused restaked rollup built on Ethereum. The Xterio chain leverages AltLayer's MACH, offering rapid finality and economic security. Xterio, with its vast gaming catalog and user base, aims to integrate the chain across multiple titles. The chain will serve as the backbone of Xterio's ecosystem, providing a secure and user-friendly environment for players to collect, own, and trade digital assets, while developers can effortlessly integrate it into their creations.
- Crypto Market Poised for Bitcoin Halving Surge: Unveiling the Top 3 Assets to Watch
- Apr 05, 2024 at 05:52 pm
- In anticipation of the Bitcoin Halving on April 20th, the crypto community is exploring alternative investments to capitalize on market volatility. This article highlights three promising cryptocurrencies to watch in April: Ethena (ENA), Sui Network (SUI), and the highly anticipated meme coin, Dogecoin20 (DOGE20). ENA, a DeFi project, boasts high investor optimism, while SUI Network aims to address Ethereum's scalability limitations. Dogecoin20, with its strategic launch date coinciding with the Bitcoin Halving and Dogecoin Day, has garnered significant attention and could potentially outperform other meme coins due to its low market cap.
- Memecoins Surge in Value, BEFE Emerges as Promising Investment
- Apr 05, 2024 at 05:51 pm
- With a market cap exceeding $60 billion and daily volume surpassing $13 billion, memecoins hold significant financial power. Despite predictions of explosive returns, experts like Vitalik Buterin urge a shift towards more meaningful use of these digital assets. Among recent memecoins, BEFE stands out with its fair launch, zero transaction taxes, and strong community.
- Coinbase Jumps into the Ordinals and Worldcoin Game with Perpetual Futures Contracts
- Apr 05, 2024 at 05:50 pm
- Coinbase International Exchange plans to list perpetual future contracts for Ordinals (ORDI) and Worldcoin (WLD) on April 11, offering institutional investors exposure to these digital assets. ORDI, a Bitcoin-based cryptocurrency that allows for text and images as NFTs, has experienced significant price increases, while WLD, the token of the Worldcoin project aiming to create a privacy-preserving human identification network, has gained popularity among crypto investors.
- Bitcoin Primed for Continuous Upswing as Halving and Macroeconomic Factors Converge
- Apr 05, 2024 at 05:49 pm
- Bitcoin exhibits bullish momentum on higher time frames, suggesting an impending uptrend continuation. The approaching halving event intensifies the supply-demand imbalance, further fueling the upward trend. Macroeconomic factors, including US Fed Chair Jerome Powell's anticipation of rate cuts, contribute to Bitcoin's attractiveness as a hedge against inflation. With over 90,000 Bitcoins withdrawn from exchanges and the imminent halving reducing miner rewards, the coin's supply is dwindling, driving its price higher. Technical analysis indicates the formation of a bullish pennant triangle that could propel Bitcoin above $82,000 soon, with a resistance level of $70,000 requiring consistent breaks to maintain the uptrend.
- Shiba Inu's Recent Price Drop: Reasons Behind the Volatility
- Apr 05, 2024 at 05:48 pm
- Shiba Inu (SHIB) has experienced a recent price correction, mirroring the downturn in the broader crypto market influenced by outflows from Bitcoin ETFs. Declining trading volume, profit-taking after recent gains, regulatory uncertainty, and the inherent volatility of meme coins have also contributed to SHIB's downward movement.
- Unconventional Meme Coin Gains Traction as Potential Investment Avenue
- Apr 05, 2024 at 05:46 pm
- As meme coins experience a resurgence in popularity, traders may have missed the opportunity to acquire Pepe (PEPE) at a low cost. However, Brett (BRETT), a meme coin inspired by Matt Furie's 'Boy's Club' comic, presents an alternative with significant growth potential. According to crypto trading expert Ali Matinez, BRETT exhibits a favorable risk-to-reward ratio and could potentially soar by 80% in the near term, reaching a new all-time high of $0.130.
- Crypto Uncertainty: Ethereum, XRP Lag as Meme Coins Shine
- Apr 05, 2024 at 05:46 pm
- Amidst market volatility, Ethereum (ETH) and XRP (XRP) face challenges. Ethereum's long-term price prediction remains positive, but short-term investors seek greener pastures in meme coin investments. XRP continues to struggle after the SEC investigation, while Coinbase predicts limited growth. Raboo (RABT), a community-driven meme coin, offers an alternative investment opportunity with its ICO, attracting investors seeking high returns amid the stagnant performance of ETH and XRP.