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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 / 30
- Verifiable Internet for AI Tackles AI Flaws with Polkastar.AI's Decentralized Knowledge Access
- Apr 30, 2024 at 10:05 am
- The Verifiable Internet for AI addresses AI's shortcomings by decentralizing knowledge used by AI systems. Polkabot.AI, a Polkadot-based Decentralized AI education hub, uses a decentralized Retrieval Augmented Generation (dRAG) approach to ensure information provenance and data ownership. Instead of relying solely on AI-generated responses, Polkabot's AI constructs responses using trusted inputs from the OriginTrail Decentralized Knowledge Graph (DKG), enabling users to verify each source and issuer. This approach enhances trust and reliability in AI-driven education.
- ADB Vice President Visits Nepal, Renews Development Partnership Commitment
- Apr 30, 2024 at 10:05 am
- ADB Vice President Yingming Yang met with Nepal Prime Minister Dahal and Finance Minister Pun to reaffirm ADB's commitment to supporting Nepal's development priorities, including promoting private sector growth, addressing climate change, and managing disaster risks. Mr. Yang also highlighted the upcoming country partnership strategy for 2025-2029, which will be prepared jointly with the World Bank, and emphasized the importance of disaster risk management investments given Nepal's vulnerability to natural hazards.
- Govt Bitcoin Confiscation: Investors Face Looming Crisis in Economic Downturn
- Apr 30, 2024 at 10:04 am
- Willy Woo, an on-chain analyst, raises concerns about the safety of retail Bitcoin investors if the US slides into a recession. He compares the current market to the Great Depression when the US government seized gold from the public. Woo questions if a similar scenario could unfold with Bitcoin, potentially leading to severe consequences for retail investors. However, the success of such a move would largely depend on Bitcoin storage, with 87% held in self-custody wallets providing some protection.
- Floki Inu Price Outlook: Neutral Forecast Amidst Bearish Trend, Optimistic Long-Term Prospects
- Apr 30, 2024 at 10:02 am
- Floki Inu (FLOKI) has experienced a significant downturn, plummeting by 3.24% against the US Dollar and 3.21% against Bitcoin within the past 24 hours. The coin underperformed the cryptocurrency market, which declined by -0.75% during the same period. Despite this, FLOKI is projected to rise by 30.20% in the next five days, reaching a price of $0.000217. However, the current market sentiment for FLOKI is Neutral, with 14 indicators signaling a bullish prediction and 13 indicating a bearish one. Key support and resistance levels to monitor include $0.000166 and $0.000179, respectively.
- Hong Kong Sets Asian Precedence with Spot Bitcoin, Ethereum ETF Launch
- Apr 30, 2024 at 10:02 am
- Breaking: Hong Kong debuts six spot Bitcoin and Ethereum ETFs, garnering over $10 million in trade volume on their first day. This move establishes Hong Kong as the first Asian market to offer spot virtual asset ETFs, sparking excitement among investors and projecting potential market growth.
- Optimism Token (OP): A Detailed Look for Savvy Investors
- Apr 30, 2024 at 10:00 am
- Optimism (OP) is a cryptocurrency that can be traded on centralized exchanges. Gate.io is the most popular option, with a trading volume of $7,686,674.98 in the last 24 hours. The daily trading volume for OP is $300,598,769.16, down 17.50% from yesterday. The all-time high for OP is BTC0.0001389, while the all-time low is BTC0.00002060. OP has a market cap of BTC41,618.1446 and a fully diluted valuation of BTC170,989.1072.
- Bitcoin Mining Faces Challenges Amidst Halving-Induced Hash Price Collapse
- Apr 30, 2024 at 10:00 am
- The recent Bitcoin halving has led to a sharp decline in the hash price, a measure of miner profitability. This has caused concern within the mining community, as the metric is currently valued at less than $50 per PH/s per day. Despite the decline, some analysts believe that bullish signals may be on the horizon, pointing to the Adjusted Spent Output Profit Ratio (aSOPR) and historical data that suggests Bitcoin could see a significant rally as part of this halving cycle.
- BlockDAG's X30 Mining Rig: A Game-Changer in the Competitive Cryptocurrency Landscape
- Apr 30, 2024 at 10:00 am
- The cryptocurrency mining industry is highly competitive, demanding optimized equipment for profitability. BlockDAG's X30 mining rig, with its exceptional hash rate and efficiency, emerges as a game-changer. Its scalability and adaptability, enabled by cutting-edge ASIC technology, position it as a transformative tool for miners seeking substantial returns.
- US Recession Fears Raise Specter of Bitcoin Confiscation, Analyst Warns
- Apr 30, 2024 at 10:00 am
- Willy Woo, an on-chain analyst, expressed concern about the fate of retail Bitcoin investors in the event of a recession, particularly in the United States. Woo draws parallels with the Great Depression of 1930, when the government confiscated gold from the public, and questions if a similar scenario could occur with Bitcoin, potentially leading to severe consequences for retail investors. The analyst's concerns stem from the fact that while whales (large Bitcoin holders) possess control over their private keys, most retailers store their coins on centralized exchanges, leaving them vulnerable to potential government seizure.
- Eigenlayer, Ethereum Staking Protocol, Announces New Token Launch: EIGEN
- Apr 30, 2024 at 09:59 am
- Eigenlayer, an Ethereum-based staking protocol, is introducing the EIGEN token as detailed in its April 29 white paper. EIGEN will empower apps involving inter-subjective collaborations, such as prediction markets and game virtual machines. However, the airdrop will exclude the US and Canada.
- Ethereum Market Suffers Whale Dumping, Price Correction Looms
- Apr 30, 2024 at 09:55 am
- Ethereum's stability is under scrutiny following massive whale selloffs, raising concerns about further price corrections. Over 56,000 ETH have been dumped, prompting speculation amid market volatility. The Ethereum price has dropped 4%, fueled by whale profit-taking and regulatory uncertainty, while derivatives data suggests mixed market sentiment and heightened volatility.
- Shiba Inu Corrects Amid Market Malaise, Approaches Crucial Support
- Apr 30, 2024 at 09:54 am
- Shiba Inu (SHIB), a prominent meme cryptocurrency, has embarked on a correction phase, dipping below the critical 26-day EMA and approaching significant support levels near $0.00002. This downturn aligns with a broader market hesitation, as SHIB's limited trading activity and stagnant market value indicate low demand. As the industry recovers from missed expectations following Bitcoin's halving, altcoins like SHIB remain under pressure.
- Dogwifhat Rallies Post Bybit Listing, Signaling Meme Coin Investor Shift
- Apr 30, 2024 at 09:53 am
- Dogwifhat (WIF), a Solana-based meme coin, has experienced a notable recovery following its recent listing on Bybit, leading to a price increase and catching the attention of investors. This development occurs amidst a broader rally in meme coins, suggesting a shift in investor sentiment and highlighting the growing popularity of smaller cryptos.
- MetaComp and Harvest Global Investments Forge Partnership to Introduce Groundbreaking Bitcoin Spot ETFs
- Apr 30, 2024 at 09:53 am
- In a groundbreaking partnership, Singapore-based fintech MetaComp and Harvest Global Investments launch innovative bitcoin spot ETFs, integrating digital assets into MetaComp's platform to expand global investment options. This collaboration aligns with Singapore's progressive regulatory stance towards digital assets, fostering innovation while prioritizing investor protection.
- Australian Crypto Market to Skyrocket with Impending Approval of Spot Bitcoin ETFs
- Apr 30, 2024 at 09:49 am
- Australia's financial hub, the Australian Securities Exchange (ASX), is on the cusp of approving the country's first spot Bitcoin exchange-traded funds (ETFs). This move has the potential to unlock a surge of $3-$4 billion in net inflows within the next three years, bolstering Australia's burgeoning crypto market and providing investors with regulated access to Bitcoin exposure.
- Helium Network: A Blockchain-Based Revolution for Wireless Connectivity, Empowering IoT Globally
- Apr 30, 2024 at 09:49 am
- The Helium Network, a decentralized wireless infrastructure powered by , enables global wireless connectivity and geolocation for devices without costly cellular plans or energy-intensive satellite hardware. Ichimoku analysis (4-hour chart) indicates HNTUSD's positive performance after a sell-off, with a daily close above $8.50 suggesting further bullishness and a 65% gain over the previous four days.
- 5 Cryptos Poised For 100x Gains by 2024
- Apr 30, 2024 at 09:48 am
- Five cryptocurrencies stand out as prime investment opportunities, poised for potential 100x growth by 2024: KangaMoon (KANG), Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). KangaMoon, in particular, has emerged as a promising option with its Play-to-Earn ecosystem, community-oriented approach, and SocialFi elements. Its unique RaidSharkBot collaboration further strengthens its community engagement, providing users with exciting raid competitions and a chance to win monthly prizes.
- Poland Still Not Ready for Eurozone, Finance Minister Declares
- Apr 30, 2024 at 09:37 am
- Twenty years after joining the European Union (EU), Poland remains hesitant to adopt the euro currency. Finance Minister Andrzej Domański believes that Poland's own currency, the zloty, has shielded the country from economic downturns and shocks. Despite the EU membership requirement to replace the zloty with the euro, Poland's government maintains that this step is currently not justified.
- Uniswap's Mobile App Integrates Blast for Enhanced User Experience and Scaling
- Apr 30, 2024 at 09:30 am
- Uniswap's mobile app, now available to the public, seamlessly integrates Blast, a layer-two scaling solution for Ethereum. This integration enhances the user experience by allowing direct swaps within the app, increasing convenience and efficiency. Blast addresses Ethereum's scalability challenges, enabling faster and cost-effective transactions, particularly during periods of network congestion.