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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 / 19
- Ethereum's Resilience Shines Amidst Market Swings
- Apr 19, 2024 at 07:25 pm
- Despite a significant dip, Ethereum price has rebounded, demonstrating its resilience in the turbulent cryptocurrency market. The quick recovery has boosted investor confidence, and the current price stands at US$3,109.60, supported by a bullish MACD and a high RSI, indicating buying pressure. Degen Chain leads in TPS, while Liquid ReStake contributes to the growth of DeFi TVL. Price predictions vary, but most forecast significant growth in the coming years, highlighting Ethereum's potential for expansion.
- Crypto Market Poised for Surge as Global ETF Approvals Draw Near
- Apr 19, 2024 at 07:24 pm
- Crypto venture capitalist Andrew Kang predicts a surge in buying opportunities for Bitcoin, Solana, Dogwifhat, and Toncoin due to the anticipated global approval of cryptocurrency ETFs and the resolution of network congestion issues on Solana. He views potential price drops as "huge gifts" for investors and anticipates a second wave of ETF inflows, potentially including mainland China. Kang's optimism stems from factors such as Hong Kong's first spot BTC and Ethereum ETF, which could boost institutional investment and stabilize the market.
- Bitcoin ETF Outflows: A Temporary Blip or a Broader Shift?
- Apr 19, 2024 at 07:23 pm
- Despite recent outflows from spot Bitcoin Exchange-Traded Funds (ETFs), analyst Eric Balchunas highlights that these outflows account for only 1% of total inflows since their inception. He emphasizes their insignificance in the overall context, describing the current trend as "minuscule."
- Play-to-Earn Revolution: Billion Dollar Jackpot Leads the Charge
- Apr 19, 2024 at 07:23 pm
- Explore the world of play-to-earn coins under $1 and discover three promising projects: Billion Dollar Jackpot (BDJ), Gala Games, and The Sandbox. Each project offers unique features, from BDJ's fusion of Formula One and blockchain to Gala Games' community-driven development and The Sandbox's virtual metaverse. With their focus on user empowerment, decentralization, and creativity, these projects are shaping the future of gaming and blockchain technology.
- Bitcoin Halving Decoded: Anticipation, Reactions, and Market Implications
- Apr 19, 2024 at 07:23 pm
- During Bitcoin's quadrennial halving, the market experiences a rollercoaster of emotions. The anticipation and speculation leading up to the halving often result in heightened market activity. However, the immediate post-halving reaction can temper expectations, leading to confusion and disappointment. Long-term, the halving's effects tend to manifest a year later, with Bitcoin reaching all-time highs due to reduced supply and steady or increasing demand.
- BitMEX Unleashes Unprecedented 250x Leverage on Bitcoin Perpetual Swap
- Apr 19, 2024 at 07:23 pm
- BitMEX, the crypto derivatives and perpetual swaps pioneer, has introduced a substantial leverage boost, offering a remarkable 250x leverage on their Bitcoin perpetual swap, XBTUSD. This move follows the surge in demand from traders seeking to benefit from the upcoming Bitcoin Halving event. BitMEX emphasizes this as a significant opportunity for latecomers to the crypto space to enhance their financial status, while assuring traders of the safety of their assets with robust liquidity and a secure Insurance Fund.
- SEC Expands Lawsuit Against Tron's Justin Sun, Citing US Presence and Fraud Allegations
- Apr 19, 2024 at 07:22 pm
- The Securities and Exchange Commission (SEC) has amended its lawsuit against Tron founder Justin Sun, including other entities and alleging his prolonged stay in the U.S. validates its jurisdiction. The updated complaint highlights Sun's travels within the U.S. between 2017-2019, with over 380 days spent in the country, targeting U.S. investors through unregistered security sales of Tron (TRX) and BitTorrent tokens (BTT).
- P&G Reports Modest Q3 Growth Despite Economic Woes, Exceeds EPS Expectations
- Apr 19, 2024 at 07:21 pm
- Despite market headwinds, Procter & Gamble (PG) reported a modest growth in its fiscal year 2024 third-quarter results. Net sales slightly increased by 1%, while organic sales grew by 3%. Notably, the diluted net earnings per share (EPS) surged by 11% to $1.52, surpassing expectations by $0.11. P&G maintained strong cash flow management and continued its tradition of shareholder returns through dividends and share repurchases. The company projects all-in sales growth in the range of 2% to 4% and diluted net earnings per share growth of 1% to 2% for fiscal 2024.
- Internet Computer (ICP) Soars Amidst Market Turbulence, Defying Volatility
- Apr 19, 2024 at 07:21 pm
- Internet Computer (ICP) price surged 11% in the past 24 hours, indicating a notable recovery from recent market dips. Amidst broader crypto market volatility, ICP price encountered stiff resistance at an intra-day high of $13.39. However, support levels held firm at $11.78, bolstering investor confidence in the cryptocurrency's potential.
- Bitcoin Halving: Quadrennial Market Catalyst Sparks Anticipation
- Apr 19, 2024 at 07:20 pm
- Every four years, the Bitcoin community anticipates the Bitcoin halving, a pivotal event marked by a reduction in the number of new bitcoins generated. The halving has historically coincided with bullish market trends, often leading to significant price increases.
- Tether Expands into TON Ecosystem, Bringing Seamless Payments and Decentralization
- Apr 19, 2024 at 07:19 pm
- Tether, the operator of the USDT stablecoin, has integrated its stablecoins, USDT and XAUT, onto The Open Network (TON). This move strengthens Tether's ties with Telegram's Web3 ecosystem, aiming to foster seamless value transfer and expand liquidity. The integration leverages TON's compatibility with Telegram, targeting Telegram's vast user base of over 900 million for enhanced peer-to-peer payments and borderless financial experiences.
- Bitcoin Rebounds, Halving and Liquidations Drive Recovery
- Apr 19, 2024 at 07:19 pm
- Amidst recent market volatility, Bitcoin has experienced a slight rebound. This surge is attributed to various factors, primarily the impending Bitcoin halving event, which reduces the block reward and increases scarcity. Additionally, media coverage and historical price surges surrounding previous halving events have fostered positive market sentiment and attracted speculative investment. Short liquidations in the Bitcoin futures market have further contributed to the price increase, as traders closing short positions must buy Bitcoin to cover their losses. The combination of these factors has fueled optimism and driven up Bitcoin's price.
- Tether Expands Web3 Dominance with Strategic Alliance with Telegram's TON
- Apr 19, 2024 at 07:18 pm
- Stablecoin issuer Tether is extending its reach into the Telegram ecosystem by integrating its USDT and XAUT stablecoins with The Open Network (TON). This strategic move aligns with Tether's vision of promoting open and decentralized finance, while also boosting the TON network's utility. The integration opens up seamless value transfer, increased liquidity, and a simplified financial experience for Telegram's vast user base, estimated at over 900 million globally.
- Polygon's MATIC Emerges as the Crypto to Watch Amidst Market Turbulence
- Apr 19, 2024 at 07:16 pm
- Amidst Bitcoin's halving spotlight, Polygon's MATIC emerges as a prominent digital asset, despite its current value dip. MATIC powers Polygon, a platform that enhances Ethereum's capabilities with faster transactions and lower fees. While MATIC's price has declined by 29.02% year-to-date, whales have been accumulating the token, indicating their bullish stance on the Layer-2 solution. A recent whale transfer of nearly 1.9 million MATIC from Binance to a decentralized wallet adds to the positive sentiment.
- Binance Exec Gambaryan's Jail Time Extended as Bail Postponed Again
- Apr 19, 2024 at 07:16 pm
- Binance executive Tigran Gambaryan remains detained at the Kuje correctional center in Nigeria, as his bail hearing has been postponed to April 22. The Economic and Financial Crimes Commission (EFCC) requested more time to respond to new points in Gambaryan's affidavit, leading to the postponement. Gambaryan's lawyer expressed frustration over the delay, as his client has been held for over 14 days. Binance and its executives face charges of money laundering, tax evasion, and foreign exchange violations, while Gambaryan has also filed a lawsuit alleging human rights violations.
- American Express Kicks Off 2024 Strong, Beating Analyst Forecasts
- Apr 19, 2024 at 07:15 pm
- American Express (AXP) has reported robust Q1 2024 results, surpassing expectations. Revenue surged by 11% to $15.8 billion, driven by higher net interest income and increased Card Member spending. EPS jumped by 39% to $3.33, exceeding analysts' estimates. The company's strategic investments in marketing, branding, and technology have led to increased engagement and spending among premium customers. Despite an increase in credit loss provisions, American Express reaffirmed its full-year guidance, projecting revenue growth of 9-11% and EPS in the range of $12.65-$13.15, driven by its focus on attracting high-quality customers and expanding engagement with younger demographics.
- NEAR Protocol Consolidates Near Support, Poised for Potential Breakout
- Apr 19, 2024 at 07:14 pm
- In this analysis, we examine the recent price action and trends of NEAR Protocol (NEAR) cryptocurrency, shedding light on its consolidation at support, intraday gains, short-term weakness, and EMA analysis. This comprehensive overview provides valuable insights for investors and traders, highlighting potential entry and exit points, and implications for future outlook and trend continuation.
- Bitcoin's Wild Swings Raise Doubts About Safety Net Status
- Apr 19, 2024 at 07:13 pm
- Economist Peter Schiff has dismissed Bitcoin's status as a safe haven asset in light of its recent volatility amidst geopolitical tensions. While Bitcoin plummeted 6% and stocks fell 1.5%, gold rose 1.5%, highlighting the contrast in their market performance. Schiff's comments underscore Bitcoin's instability compared to gold's stability during uncertainty.
- Bitcoin Fees Soar as Miners Bet on Halving and New Revenue Streams
- Apr 19, 2024 at 07:10 pm
- Bitcoin fees have surpassed Ethereum's for three consecutive days as miners and traders prepare for the upcoming halving event and the introduction of Runes. On April 17, Bitcoin miners collected $7.47 million in fees, exceeding Ethereum's $7.31 million. The increase in Bitcoin transaction fees comes at a crucial time for miners, as the halving will reduce their rewards by half. However, Ethereum maintains a significant lead in average fees over 7 days, with $8.55 million compared to Bitcoin's $7.57 million.