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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
- Tether Beefs Up Crypto Stash with Mammoth $627 Million Bitcoin Purchase
- Apr 02, 2024 at 12:49 am
- Tether, the issuer of the world's largest stablecoin USDT, has acquired an additional 8,889 Bitcoin (BTC), bringing its total BTC holdings to an estimated value of over $5.25 billion. This move further strengthens Tether's position as a major Bitcoin whale, with the company expressing confidence in the asset's long-term value and potential as a hedge against market uncertainties.
- Fezoo Shakes Up Crypto Exchange Game, Empowering Ethereum and Binance Coin Traders in 2024
- Apr 02, 2024 at 12:47 am
- As the crypto market presents lucrative trading opportunities, Ethereum and Binance Coin holders seek innovative platforms like Fezoo to navigate the disruptive landscape. Fezoo aims to revolutionize exchange ecosystems with decentralized governance, security, and efficiency, providing enhanced trading experiences for Ethereum and Binance Coin enthusiasts.
- Aavegotchi's GHST Token Soars to Historic High amid Robust Growth and Community Engagement
- Apr 02, 2024 at 12:46 am
- Reaching an all-time high of $3.25, GHST, the native token of the blockchain gaming project Aavegotchi, has witnessed a remarkable surge in value. Key factors driving this growth include strategic developments, community engagement, and the forthcoming launch of Gotchichain. The token's impressive performance, with a market capitalization of $164 million and a 24-hour trading volume of $95 million, indicates continued upward momentum, potentially reaching or surpassing $5 in the near future.
- Tether Boosts Bitcoin Holdings, Signaling Diversification and Infrastructure Plans
- Apr 02, 2024 at 12:46 am
- Tether, the issuer of USDT, has expanded its Bitcoin reserves by acquiring 8,889 BTC, bringing its total holdings to 75,000 BTC worth over $5.3 billion. This strategic move aligns with Tether's commitment to diversify its portfolio, invest in digital assets, and develop AI infrastructure, solidifying its position as both an investor and developer in the blockchain ecosystem.
- DeeStream (DST): A Game-Changer for Content Creators and Crypto Enthusiasts
- Apr 02, 2024 at 12:42 am
- Cardano (ADA) and Dogecoin (DOGE) holders are drawn to a new project, DeeStream (DST), a platform for streamers and fans. DeeStream's decentralized model offers lower fees, platform control, and instant withdrawals, attracting ADA holders despite Cardano's market fluctuations. Dogecoin, as the leading meme coin, maintains popularity, but investors are exploring alternative altcoins like DST for potential growth, as DST's presale stage 2 token is priced at $0.055 and anticipates a 95X increase within a year.
- Cyberattacks on Cryptocurrencies Pose a Looming Threat to Industry Security
- Apr 02, 2024 at 12:42 am
- Cryptocurrency hacks have inflicted billions of dollars in losses on the digital asset industry, leading experts to emphasize the need for enhanced security measures. As of April 1, total crypto hack losses surpassed $7.7 billion, despite a 23% decline in incidents during the first quarter of 2024 compared to last year. Decentralized finance (DeFi) protocols have suffered the most since 2016, with hackers stealing $5.8 billion over the past seven years. Notably, blockchain bridges have been a prime target, accounting for over half of DeFi hacks, with $2.8 billion looted through vulnerabilities in smart contracts.
- Tether Boosts USDT Reserves with 8,889 Bitcoin Purchase
- Apr 02, 2024 at 12:41 am
- Tether, the issuer of the USDT stablecoin, has added 8,889 bitcoins to its holdings, increasing its total BTC stash to 75,354 tokens worth approximately $5.16 billion. This move is part of Tether's strategy to strengthen and diversify the reserves backing its stablecoin, using a portion of its profits to purchase bitcoin. The company has not officially announced this latest purchase.
- Koala Coin (KLC): Rocket Launch to Crypto Stardom
- Apr 02, 2024 at 12:38 am
- The meme cryptocurrency market is in full swing, with Koala Coin (KLC) leading the charge. In Stage 1 of its presale, KLC has seen its token value soar to $0.014, attracting FOMO-driven investors. Dogecoin (DOGE) and Pepe (PEPE) remain strong contenders, with DOGE rising 21.54% in the past week and PEPE experiencing a 542.28% increase in the past month. However, KLC's unique blend of memes and financial freedom, coupled with its strong community and technological innovation, makes it the standout choice in this battle for market share.
- AVAX Navigates Market Crosswinds: Resilience Amidst Volatility
- Apr 02, 2024 at 12:38 am
- Despite market volatility, AVAX remains resilient, supported by strong fundamentals and ecosystem growth. Dogecoin's recent surge highlights its potential and investor confidence, while Algotech's presale success and upcoming giveaway further captivate the crypto community.
- Floki Surges: Meme Coin Revival Soars, Empowering Binance Pay Transactions
- Apr 02, 2024 at 12:38 am
- Amidst the meme coin resurgence, Floki has gained prominence with over 12 million users accessing it for transactions at major merchants via Binance Pay. This integration enhances its utility and competitive advantage against peers like DOGE, WIF, and PEPE. Floki's utility has been further strengthened by a significant token burn of 214 billion FLOKI tokens in March, surpassing the combined burns of other top meme coins. This burn is driven by Floki's staking program and DeFi protocol, contributing to improved tokenomics and long-term value.
- Sachem Capital's Earnings Dive, Stock Price Plunges Amid Market Worries
- Apr 02, 2024 at 12:37 am
- MicroStockHub: Sachem Capital (SACH) experienced a 17% stock decline due to a drop in 2023 earnings caused by increased expenses and loss provisions. The company anticipates a challenging 2024 with factors such as high interest rates, geopolitical concerns, and increased competition. Despite a revenue increase, net income and EPS significantly declined, missing analyst estimates. Interest costs and loan-related provisions surged, contributing to higher operating expenses.
- NFT Market Shows Strength Amidst Downturn with Select Collections Gaining Ground
- Apr 02, 2024 at 12:36 am
- Despite the recent bear market, several NFT collections have shown resilience, posting significant gains. Redacted Remilio Babies, Milady Makers, Kanpai Pandas, Nouns, and Lil Pudgy have all witnessed floor price increases ranging from 26% to 94.34% in the past 90 days. These collections stand out against the market downturn, demonstrating the resilience of the NFT sector.
- Mises Browser and Joltify Forge Partnership to Enhance Web3 Accessibility
- Apr 02, 2024 at 12:36 am
- Mises Browser has partnered with Joltify Finance, granting their 2 million users secure access to Joltify's Web3 services, while Joltify gains exposure to Mises' extensive user base. This partnership aligns with the community's positive sentiment, as it fosters innovation and enhances the user experience in the Web3 space.
- Solice Price Slumps: Technical Analysis Hints at Bearish Trend
- Apr 02, 2024 at 12:36 am
- Solice (SLC) faces potential decline as its RSI is at 51.03 with a descending RSI line crossing the 14-SMA. The bearish momentum is evident with a negative reaction to a trendline, suggesting a potential drop below key exponential moving averages due to strong resistance. However, if buyers regain control and break through resistance, SLC could ascend to higher levels, with technical levels indicating support at $0.003700 and resistance at $0.0062000.
- Koala Coin Emerges as Fusion of Meme Charm and Financial Promise
- Apr 02, 2024 at 12:33 am
- Amid the crypto boom of 2024, meme enthusiasts and savvy investors from Tether (USDT) and Binance Coin (BNB) are flocking to Koala Coin (KLC), a presale sensation now in Stage 1. This shift underscores the unique appeal of KLC, which seamlessly blends meme culture and financial freedom. Backed by robust technology and a strong community ethos, KLC offers governance rights, staking rewards, and an exclusive meme treasury, making it an attractive option for forward-thinking investors seeking a blend of fun and profitable opportunities.
- Bitcoin Halving Looms: Implications for Miners and BTC-Focused Companies
- Apr 02, 2024 at 12:33 am
- The Bitcoin halving, scheduled for mid-April 2024, is predicted to significantly impact the crypto market, particularly in terms of Bitcoin price dynamics and crypto mining. This article explores three stocks, MicroStrategy, Argo Blockchain, and Iris Energy, that are vulnerable to the halving due to factors such as overexposure to Bitcoin, decreased mining efficiency, and excessive shareholder dilution. Understanding the implications of the halving on these companies is crucial for investors seeking to navigate the volatile market conditions that may ensue after the event.
- Tether Emerges as Cryptocurrency Market Juggernaut with Mammoth Bitcoin Purchase
- Apr 02, 2024 at 12:31 am
- Tether, a prominent stablecoin issuer, has emerged as the seventh-largest holder of Bitcoin (BTC) following a strategic acquisition of 8,888 BTC valued at $618 million on March 31, 2024. This addition brings Tether's total Bitcoin holdings to 75,354 BTC, an increase of 128% in value, resulting in an unrealized profit of $2.94 billion. Tether's acquisition aligns with its commitment to diversify its stablecoin backing assets and reflects the growing institutional interest in Bitcoin as a store of value and investment asset.
- BEFE Coin Poised to Overtake Meme Coin Goliaths PEPE, WIF, and SLERF
- Apr 02, 2024 at 12:30 am
- Meme coins like Dogecoin and Shiba Inu have provided substantial returns in the past, but their potential for continued growth is uncertain. BEFE coin stands out as a promising alternative, mirroring the rise of successful meme coins like PEPE. Partnered with the Bitgert ecosystem, BEFE offers passive income opportunities and has gained significant adoption, making it a potential top performer in the meme coin space.
- Kelexo: A Crypto Lending Revolution Sparks Investor Enthusiasm
- Apr 02, 2024 at 12:30 am
- Amid market corrections in Bitcoin (BTC) and Ethereum (ETH), Kelexo (KLXO) emerges as a promising contender for investors seeking alternative financial solutions. This blockchain-powered platform offers instant crypto borrowing and lending, bypassing traditional lending complexities and attracting attention from analysts who predict high returns in the future.
- Tron Challenges SEC Authority in Unprecedented Cryptocurrency Case
- Apr 02, 2024 at 12:30 am
- Tron disputes the SEC's jurisdiction in a lawsuit centered on the classification of TRX and BTT as securities. Tron argues that the SEC lacks jurisdiction over its foreign operations, that TRX and BTT were not sold as investment contracts, and that the SEC's action violates fair notice principles. The case highlights the need for clear cryptocurrency regulation to protect investors, encourage innovation, and ensure the industry's sustainability.