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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 / 04
- Frax Finance Expands to Cosmos Ecosystem via Partnership with Noble
- Apr 04, 2024 at 03:48 pm
- Frax Finance, the creator of the seventh-largest stablecoin FRAX, has partnered with Noble, an asset issuance chain within the Cosmos ecosystem, to expand its presence beyond Ethereum's network. This collaboration will integrate FRAX and sFRAX natively into Cosmos, offering decentralized alternatives to USDC and allowing users to benefit from its decentralized stablecoin suite, trading, savings, payments, and collateralization capabilities.
- Bitcoin Mining Production Slumps Ahead of Halving as CleanSpark Shines
- Apr 04, 2024 at 03:48 pm
- Amidst the impending Bitcoin halving, industry giants in Bitcoin mining face a decline in production. RIOT Platforms and Marathon Digital experience a production slump, while CleanSpark emerges as an exception by sustaining growth. The downturn stems from reduced transaction fees, intensified hashrate competition, and operational disruptions, prompting increased miner selling activity to counter financial pressures. Despite the challenges, the industry remains competitive, with Bitcoin's hashrate reaching record highs, albeit in a less financially stressful environment for miners compared to previous halving cycles.
- AI Tokens Surge Amid Market Turmoil, Providing an Oasis of Optimism
- Apr 04, 2024 at 03:47 pm
- Amidst the market downturn caused by a sudden increase in Bitcoin supply, altcoins have faltered. However, AI tokens have emerged resiliently, driven by hype and underlying use cases. Large-cap tokens like Worldcoin and Fetch.AI are gaining attention, with Fetch.AI showing promising signs of a bullish reversal and Worldcoin presenting a potential buying opportunity despite recent price drops.
- Crypto Market Cools as Consolidation Phase Persists
- Apr 04, 2024 at 03:46 pm
- The crypto market has opened with a positive trend, as indicated by the rising global market cap. While Bitcoin remains in a consolidation phase, Ethereum faces resistance within a bearish cloud formation. Flare exhibits volatility with high gains, while Bitcoin SV and Monero emerge as notable gainers, showing bullish momentum and a potential trend reversal.
- Wormhole's W Token Unleashes Astronomical Yields, Traders Rake in Profits
- Apr 04, 2024 at 03:43 pm
- Wormhole's new governance token, W, has sparked a lucrative staking opportunity on Solana, offering traders an impressive 999% weekly return. By pairing W and JitoSOL JJTO in a Kamino liquidity pool, users can earn substantial daily rewards in W and JTO, valued at approximately $7,000, as well as a share of trading fees generated within the pool. This high-yield staking option is available until the $7.5 million pool capacity is reached, with the liquidity pool currently holding nearly $5 million in locked assets.
- Historic Bitcoin Transfer Signals US Government's Embrace of Crypto
- Apr 04, 2024 at 03:42 pm
- In a historic transaction, the US government transferred approximately $2 billion in Bitcoin to Coinbase, marking the third instance of such a move. This transfer demonstrates the growing acceptance and integration of cryptocurrencies into traditional financial systems, with the government actively managing and leveraging digital assets.
- Crypto Market Plunges as Bitcoin's Halving Nears
- Apr 04, 2024 at 03:41 pm
- Due to increased volatility in the crypto market, altcoins have been dropping, with Bitcoin losing 1.62% to $64,354 and Ether declining by 2.15% to $3,190. The crypto market cap has decreased by 0.93% to $2.47 trillion. Experts predict continued volatility in the coming weeks due to Bitcoin's halving later this month.
- Bitcoin ETFs Boom: Triple-Digit Trading Volume Signals Market Embraced
- Apr 04, 2024 at 03:40 pm
- In March, trading volumes for spot Bitcoin exchange-traded funds (ETFs) skyrocketed by a factor of three, reaching $111 billion. Grayscale and BlackRock ETFs spearheaded this surge, capturing a substantial portion of the market. Notably, BlackRock's IBIT ETF has emerged as a dominant force, surpassing Grayscale's GBTC in market share. This bullish trend aligns with the impending Bitcoin Halving, where the supply rate will be halved, potentially driving up the cryptocurrency's value.
- Dogwifhat Dips, but Analysts Anticipate a Rise to $5.70
- Apr 04, 2024 at 03:39 pm
- The Dogwifhat price has plummeted over 9% in the past 24 hours, dropping to $3.75 as of 2:35 a.m. EST, as investors cash in on recent gains. Despite bearish sentiment, analysts predict a potential surge to $5.70. However, a descending price channel formation suggests a possible decline to $2.1382 if support at $2.7493 fails. The RSI indicator shows a gradual resurgence of buying pressure, while the MACD histogram indicates a weakening of bearish momentum.
- BONK, Retik Finance, Shiba Inu Emerge as Top Contenders for Crypto Growth in 2024 and Beyond
- Apr 04, 2024 at 03:38 pm
- Bonk (BONK), Retik Finance (RETIK), and Shiba Inu (SHIB) emerge as promising candidates for substantial growth in the crypto market. Leveraging decentralized finance (DeFi) concepts, meme-inspired branding, and vibrant communities, these cryptocurrencies aim to revolutionize traditional financial systems and empower users through decentralized solutions. Their focus on innovation, community engagement, and diverse offerings positions them as potential high-growth investments for 2024 and beyond, offering opportunities to capitalize on the evolving crypto market landscape.
- Bitcoin Miners Navigate the Diminishing Block Rewards Era: Transitioning to Transaction Fees
- Apr 04, 2024 at 03:37 pm
- In the future of Bitcoin mining, the transition from block rewards to transaction fees will challenge miners' revenue streams. However, alternative income sources such as participation in demand response programs and access to cheap or free electricity may sustain mining operations. Additionally, the self-interest of Bitcoin holders, potential involvement of major investment funds, and adoption by countries as a reserve currency suggest that the long-term stability and security of the Bitcoin network will continue.
- Unveiling the Next Crypto Colossal: A Roadmap to Dominance and Investment Strategies for 2024
- Apr 04, 2024 at 03:34 pm
- In 2024, the cryptocurrency market anticipates a surge in the value of Pikamoon, a groundbreaking gaming token. Its innovative design, notable partnerships, and a thriving community have propelled it to the forefront of the crypto gaming industry. Additionally, Solana, Stellar, Chainlink, and Avalanche emerge as potential contenders for significant growth, fueled by technological advancements and strategic alliances.
- Pullix: A DeFi Trailblazer Primed to Dominate, Set to Soar Past $1 by Q1 2024
- Apr 04, 2024 at 03:34 pm
- With the potential onset of the Altcoin season, Dogecoin (DOGE) and Chainlink (LINK) have witnessed significant growth. Pullix (PLX), a DeFi project that seamlessly blends CeFi and DeFi elements, has also made impressive strides. Listed on multiple platforms, Pullix emerged as a hybrid system innovation in the DeFi market, offering a profit-sharing model, staking options, and intuitive trading features that eliminate KYC requirements.
- Cryptocurrency Trader Strikes Memecoin Gold with MOEW, Turning $13k into $2M
- Apr 04, 2024 at 03:34 pm
- A cryptocurrency trader made an astounding 15,700% gain in a single day, transforming an initial investment of $13,000 into over $2 million. The trader capitalized on the surge in value of the newly released memecoin Donotfomoew (MOEW) on the Base blockchain platform, acquiring and selling the token within the same hour.
- Crypto Trader Turns $13,000 into $2 Million with Memecoin Investment Sensation
- Apr 04, 2024 at 03:34 pm
- In a remarkable feat, a cryptocurrency trader harnessed the power of a newly launched memecoin, Donotfomoew (MOEW), to transform a $13,000 investment into an astounding $2 million within a single day, a staggering 15,700% gain. By capitalizing on the token's surge in value, the trader skillfully navigated decentralized exchanges, acquiring and offloading MOEW while holding a significant portion, resulting in a sizeable profit.
- Bitcoin's Dip Still Buoyant with Bullish Long-Term Signs
- Apr 04, 2024 at 03:32 pm
- The cryptocurrency market experienced a correction, with Bitcoin (BTC) falling 6% weekly due to profit-taking. However, bullish indicators, such as the upcoming halving event and Fear and Greed Index in "Greed" territory, suggest a potential rally. Shiba Inu (SHIB) saw ecosystem growth with Shibarium reaching 4 million blocks and high trading volumes on exchanges. Ripple anticipates a key trial with the SEC, which could impact its price and the broader crypto market.
- Mask Network: Comprehensive Analysis Unveils Strong Future Prospects
- Apr 04, 2024 at 03:31 pm
- Mask Network, a decentralized gateway to Web3, has experienced a 11.1% dip in the past week and a 20.6% decline over the past year. The market's wisdom suggests a partially bullish outlook, while technical recommendations favor selling. Crowd sentiment is neutral, with steady social media buzz and sentiment. Influencers predict a price range of $4.62-$4.89 for the next 24 hours and $4.15-$5.44 for the upcoming week.
- Expert Guidance: Navigating the Tax Labyrinth of ENJ-USDT Swaps
- Apr 04, 2024 at 03:31 pm
- The cryptocurrency market offers a wide range of digital assets, including ENJ (Enjin Coin) and USDT (Tether), each with unique functionalities. ENJ, centered on the gaming industry, enables in-game item tokenization, while USDT acts as a stablecoin pegged to the US dollar, providing stability for crypto traders. However, cryptocurrency transactions, especially swaps between ENJ and USDT, have complex tax implications, requiring careful attention to cost basis, capital gains/losses, and record-keeping.
- Meme Coins: The Unstoppable Force Conquering the Cryptoverse
- Apr 04, 2024 at 03:30 pm
- The meme coin market continues to thrive, with Dogecoin, Dogwifhat, and Galaxy Fox leading the charge. Dogecoin has witnessed a 195.8% price increase year-to-date, while Dogwifhat has experienced a meteoric 456% growth in the past few months. Galaxy Fox, a unique meme coin with a focus on blockchain gaming, has garnered significant interest with its sold-out presale and innovative Play-to-Earn platform. Its strong fundamentals, utility-driven approach, and commitment to security position it as a promising investment opportunity in the low-cap meme coin market.