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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 / 02
- Meme Coins: Beware the Hype and Speculation Trap
- Apr 02, 2024 at 01:00 pm
- This year, cryptocurrencies reached new heights ($2.67 trillion), and meme coins continue to thrive with an average price change of over 600%. Despite the $68.3 billion invested in this sector, some meme coins, such as Dogecoin (DOGE-USD), Bonk (BONK-USD), and Pepe (PEPE-USD), show potential risks for investors. Dogecoin's speculative nature and unlimited supply cast doubt on its long-term viability, while Bonk's rapid growth and decline indicate a trend likely to repeat. Pepe, despite its high market capitalization, faces challenges due to its reliance on trends and vulnerability to negative news.
- Tether Ramps Up Bitcoin Holdings as Crypto Adoption Soars
- Apr 02, 2024 at 01:00 pm
- Tether, the issuer of the leading stablecoin USDT, has increased its Bitcoin reserves by nearly 8,889 BTC in the first quarter of 2023, according to data from Arkham Intelligence. This accumulation indicates a strategy of allocating revenue towards Bitcoin, with the company now holding a total of 75,354 BTC, valued at approximately $5.2 billion. Tether's transparency about this strategy suggests that it may be a significant player in the current Bitcoin market cycle.
- Crypto Market Crash: Bitcoin and Altcoins Plunge
- Apr 02, 2024 at 01:00 pm
- Today's crypto market has experienced a substantial downturn, with Bitcoin (BTC) and various altcoins witnessing significant losses. Despite attempts to breach key resistance levels, Bitcoin faced rejection, triggering a downward spiral in its price. This decline has impacted the broader crypto market, with altcoins also feeling the heat. However, certain assets have emerged as top gainers, showcasing resilience and garnering investor interest. Amidst this price bloodbath, let's explore the price movements of major cryptocurrencies and standout gainers in today's volatile market.
- Solana Rejects Market Woes, Holds Firm Amidst Whale Activity
- Apr 02, 2024 at 01:00 pm
- Despite a significant exchange inflow, SOL resisted a price decline. Technical analysis suggests a bearish bias, with key indicators such as the EMAs, RSI, and OBV signaling potential downward pressure. Notably, four large SOL transactions totaling $160 million were sent to Coinbase, indicating a possible sell-off. While SOL's price remains relatively stable, the absence of buying pressure and the bearish sentiment among participants point to a potential decline in the coming days.
- Crypto Millionaires: Titans Reigning in the Digital Realm
- Apr 02, 2024 at 01:00 pm
- Crypto's elite includes individuals as diverse as anonymous hackers, corporate executives, and enigmatic internet personalities. Despite their wealth, some notable figures, such as FTX founder Sam Bankman-Fried and Ethereum co-founder Joseph Lubin, have fallen from billionaire status due to legal troubles and overinflated estimates. Leading the list is Satoshi Nakamoto, Bitcoin's anonymous founder, with an estimated $76.67 billion, followed by Binance's Changpeng Zhao ($47.7 billion) and Coinbase's Brian Armstrong ($11.5 billion).
- Week 5 NRL Predictions: Cowboys Dominate, Storm-Broncos Clash, and the Dolphins' Dark Horse Potential
- Apr 02, 2024 at 01:00 pm
- The upcoming 2024 NRL season promises intense competition with player movement during the offseason. Each weekend's matchups will challenge predictions, and we'll highlight three standout games as "Sure Thing," "Toss of the Coin," and "Roughie" to aid in making informed decisions.
- Navigating the Crypto Maze: A Beginner's Guide to Investing Through Reputable Crypto Brokers
- Apr 02, 2024 at 12:58 pm
- Purchasing cryptocurrency through a broker simplifies the process for new and experienced investors. To begin, choose a reputable crypto broker and create and verify your account. Deposit funds using a preferred payment method, then buy your chosen cryptocurrency using the broker's interface. Store your investment securely in the provided wallet or transfer it to your private wallet. Monitor your portfolio and manage trades as needed, while staying informed about market trends for effective management. Always prioritize security and due diligence when selecting a broker and managing your digital assets.
- Coinbase Review: A Comprehensive Guide to the Cryptocurrency Exchange
- Apr 02, 2024 at 12:57 pm
- This comprehensive analysis of Coinbase, a pioneer in the cryptocurrency industry, provides an in-depth overview of the platform. From its origins to its current offerings, the review highlights Coinbase's features, fees, and user experience. The platform's trading, staking, and custody services are examined, along with its recently introduced NFT marketplace. Furthermore, the review discusses Coinbase's security measures, customer support, and examines its advantages and disadvantages. Whether you're a novice or an experienced crypto investor, this review provides valuable insights into one of the most trusted and widely used cryptocurrency exchanges in the world.
- April 2024: Cryptosphere Prepares for Watershed Month
- Apr 02, 2024 at 12:51 pm
- April 2024 marks a significant month in the cryptocurrency landscape, with several pivotal events on the horizon. The highly anticipated Bitcoin halving, expected to occur in April, has analysts speculating about its impact on altcoin prices. Additionally, the release of the US March CPI figures, Changpeng Zhao's sentencing hearing, the ongoing legal proceedings involving Do Kwon and Terraform Labs, and Coinbase's lawsuit with the SEC are all set to make headlines.
- Altcoin Surge Fuels Demand for Affordable Crypto Investments
- Apr 02, 2024 at 12:51 pm
- With crypto investors actively seeking strategic entry points and affordable tokens, this article presents a curated selection of cryptocurrencies under $1 for evaluation. The analysis offers insights into growth potential, highlighting tokens like Ondo, JasmyCoin, 5thScape, TRON, and Kaspa. Of note, 5thScape has achieved significant funding in its Presale Stage 3, while Roman Storm, the developer behind Tornado Cash, seeks dismissal of crypto-laundering allegations. The article provides technical analysis, market sentiment, and investment considerations for each token, enabling investors to make informed decisions in the ever-changing crypto landscape.
- Dogecoin Slumps as Bulls Grapple to Maintain Support Above $0.1750
- Apr 02, 2024 at 12:48 pm
- Dogecoin price is correcting gains against the US Dollar. The price is trading above the $0.1750 support zone and the 100 simple moving average (4 hours). However, there is a downside risk below the $0.1750 support as long as the price stays below the $0.200 resistance.
- Bitcoin Dips into Bear Market, Sparks Fears of $50,000 Crash
- Apr 02, 2024 at 12:47 pm
- Bitcoin's recent surge has encountered resistance at $70,000, leading to a decline of over 5.61%. It has breached the critical support level of $67,500, raising concerns of a further drop. Despite a neutral sentiment and a "Fear & Greed" Index indicating extreme greed, Bitcoin's price remains in a downward trend, attempting to find support at $66,000.
- Chainlink Leads Surge in Real-World Asset Crypto Adoption
- Apr 02, 2024 at 12:47 pm
- Santiment has compiled a list of top Real-World Asset (RWA) coins, with Chainlink leading the pack in development activity. Chainlink has shown resilience in recent market downturns and surged 160% in the past year, buoyed by its continuous development. Synthetix, Oraichain, Maker, and Dusk Foundation round out the top 5 RWAs, while Centrifuge, Plymesh Network, Bonson Protocol, Reserve Protocol, and Propy Inc. complete the top 10.
- Binance Announces Mandatory Token Swap, Cuts USDC Support on TRON
- Apr 02, 2024 at 12:47 pm
- Binance, a leading cryptocurrency exchange, has announced the mandatory conversion of 15 tokens including MDA, HNT, and MITH into USDT. Withdrawals of these tokens will be disabled after April 21, and Binance will provide updates and email notifications upon completion. Additionally, Binance has ceased supporting USDC deposits and withdrawals via the Tron network, following Circle's decision to discontinue support for Tron.
- Base Network Experiences Surge in Activity as Memecoins and Layer 2 Adoption Grow
- Apr 02, 2024 at 12:46 pm
- Amidst Bitcoin's record-breaking trajectory, Base, an Ethereum-based layer 2 blockchain, has gained significant traction in March. With a surge in total volume locked and daily transactions, Base has surpassed 2 million transactions per week, marking unprecedented user activity. This growth is driven by popular decentralized exchanges and yield farming protocols, as well as the arrival of memecoins such as Degen and Brett.
- Soroban Unleashes Smart Contract Revolution on Stellar Blockchain
- Apr 02, 2024 at 12:43 pm
- In February 2024, Stellar blockchain witnessed its most significant upgrade in its 10-year history with the introduction of the Soroban smart contracts platform. Soroban's integration aims to enhance Stellar's capabilities, enabling developers to create sophisticated financial services and smart contract-based applications. The phased release of Soroban aimed to preserve the network's performance and stability, with Phase 2 marking the full launch on March 19, 2024, boosting transaction speeds and allowing developers to leverage its full potential.
- Arbitrum Token Unlock Looms, Stirring Market Speculations and Technical Scrutiny
- Apr 02, 2024 at 12:40 pm
- With the impending Arbitrum (ARB) token unlock on April 16, the market is eagerly anticipating its impact. A significant volume of tokens (92.65 million) will be released, following prior unlocks and transfers that have influenced ARB's value. Currently in a bearish trend, ARB may present a buying opportunity as investors accumulate amid price declines. Recent whale movements, including transfers to exchanges, have contributed to market volatility.
- Binance's Token Burn Propels Terra Luna Classic Ecosystem to New Heights
- Apr 02, 2024 at 12:36 pm
- In a major industry development, Binance, the leading cryptocurrency exchange, has incinerated 4.17 billion Terra Luna Classic (LUNC) tokens. This strategic move solidifies Binance's unwavering support for the Terra Luna Classic ecosystem and augurs well for the cryptocurrency industry's continued progress.
- Telegram Revolutionizes Digital Advertising and Cryptocurrency Market with Toncoin Integration
- Apr 02, 2024 at 12:36 pm
- Telegram's integration of Toncoin (TON) payments revolutionizes digital advertising, empowering channel owners with revenue-generating opportunities and streamlining ad purchasing for advertisers. The integration has impacted the cryptocurrency market, leading to both positive and negative price movements for Toncoin, highlighting the complexities of market dynamics. Telegram's financial strategies, including a $330 million bond sale, influence Toncoin's market performance, fostering a symbiotic relationship between the two entities.
- Binance Announces Delisting and Conversion of Select Tokens to USDT
- Apr 02, 2024 at 12:36 pm
- Binance will convert delisted tokens to USDT based on user holdings in their Binance wallets, with the snapshot occurring at 7am April 21, 2024 (UTC). Converted USDT will be credited to user wallets by 6:59am October 21, 2024 (UTC). Eligible tokens include: Moeda Loyalty Points (MDA), Helium (HNT), Mithril (MITH), DFI.Money (YFII), Mirror Protocol (MIR), Venus Reward Token (VRT), TokenClub (TCT), Augur (REP), EasyFi (EZ), Swerve (SWRV), Boba Network (BOBA), Serum (SRM), Raiden Network Token (RDN), Cobak Token (CBK), and OnX Finance (ONX).