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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
Mar / 29- Shimmer's Downturn: IOTA Side Project's Decline Unravels
- Mar 29, 2024 at 08:30 pm
- Shimmer (SMR), launched around 18 months ago, faces challenges with a declining price curve and low network activity. Despite initial expectations, Shimmer has failed to attract significant interest and growth, with daily new account creations hovering around 30 and only 600 active accounts. Its attempt to gain a foothold in DeFi through EVM integration has met with limited success, with TVL falling from a high of $13 million to under $5 million.
- Sui Emerges as DeFi Giant with Unrivaled Performance and Growth
- Mar 29, 2024 at 08:20 pm
- Sui, a Layer 1 blockchain, has witnessed remarkable DeFi growth with a 49% increase in its DEX volume to $2.88B in March. The chain has achieved over $830M in weekly trading and has attracted top projects like Suilend and Bluefin, driven by its advanced technology and features such as horizontal scalability and the Move programming language.
- Crypto Market Soars: NuggetRush Shines as Shiba Inu and Litecoin Gather Momentum
- Mar 29, 2024 at 08:10 pm
- Crypto analyst Crypto Patel predicts a surge in Shiba Inu (SHIB) value by 57% to $0.000043. Litecoin (LTC) has witnessed a significant increase of 90,000 new addresses, boosting its price by 16.3% to $92.44. Meanwhile, NuggetRush (NUGX), an innovative DeFi project, has gained attention with analysts predicting its potential to reach $1.00 in 2024 due to its unique blend of NFTs, gaming, and GameFi.
- Ethereum Cofounder Vitalik Buterin's Meme Coin Diss Sparks Market Scrutiny
- Mar 29, 2024 at 08:06 pm
- Ethereum co-founder Vitalik Buterin recently expressed disappointment with meme coins, citing concerns about their value and inclusivity. Despite the recent rally of meme coins like DOGE and SHIB, Buterin believes they do not align with the intended purpose of issuing coins to fund public endeavors. He suggests alternative approaches such as charity coins and Robin Hood games, which offer potential benefits and satisfaction while addressing some of the concerns associated with meme coins.
- Bitcoin ETFs Draw Renewed Interest from Receptive Investors
- Mar 29, 2024 at 08:06 pm
- Bitcoin exchange-traded funds (ETFs) are once again attracting investor cash after a brief lull last week. Over $100 million flowed into the popular new funds for the third consecutive day on Thursday, according to data from BitMEX Research. BlackRock's iShares Bitcoin Trust (IBIT) remains the most popular product, with inflows of $17.7 billion, despite concerns raised by the recent crypto market downturn.
- WOO X Lists $ULP Token, Granting Fractional Ownership of Lil Pudgys NFTs
- Mar 29, 2024 at 08:05 pm
- WOO X, a leading crypto exchange, announces the listing of $ULP, a fractional token representing the Lil Pudgys NFT collection. Lil Pudgys, a sister project to Pudgy Penguins, offers unique NFTs with distinct traits. ULP provides fractional ownership of Lil Pudgys NFTs, broadening accessibility to this popular collection.
- BlastUP Emerges as Crypto's Rising Star, Set to Skyrocket in Value
- Mar 29, 2024 at 08:05 pm
- Bitcoin's halving has ignited anticipation, prompting speculation of a potential bull run that could propel values upward. Amidst this market optimism, lesser-known altcoins are gaining attention, presenting opportunities for lucrative gains. BlastUP, a launchpad on Blast, has made waves with its impressive $3 million fundraising in just a month, offering holders privileges and growth potential.
- DeeStream Presale: A Revolutionary Opportunity in Entertainment Streaming
- Mar 29, 2024 at 08:04 pm
- USD Coin (USDC), a stablecoin pegged to the US dollar, offers stability amid cryptocurrency volatility. XRP, a decentralized project, faces challenges in speed, scalability, and environmental impact. DeeStream (DST), a pre-sale project, has attracted significant investment due to its focus on decentralized streaming and entertainment, offering benefits to investors, streamers, and platform users.
- Billion-Dollar Memecoin Frenzy Sparked by SEC, TradFi Gatekeeping
- Mar 29, 2024 at 08:00 pm
- The memecoin frenzy continues, with several projects surpassing the billion-dollar valuation mark. Experts attribute this surge to factors such as the SEC's regulations and limited access for retail investors in traditional finance. Solana's Dogwifhat (WIF) has experienced explosive growth, becoming the third-largest memecoin by market cap and surpassing $4 in value. The Solana ecosystem now accounts for $8 billion in the $67 billion memecoin market, highlighting its dominance in this sector.
- Genesis Bankruptcy Saga Raises Uncertainty, Casts Doubt on Industry's Integrity
- Mar 29, 2024 at 07:47 pm
- Amidst the 2024 bull market, Barry Silbert's deal to repay victims in full from the Genesis bankruptcy has been met with resistance from legal tactics he employs. Despite his background in finance and cryptocurrency, his attempts to block payouts have plunged investors like Eric Asquith, who lost over $1 million, into uncertainty. Asquith's investment through Gemini into Genesis' high-risk ventures has left him facing legal battles and scrutiny of Silbert's motivations, raising questions about the integrity of the crypto industry.
- Floki Inu Surges: Meme Coin Triumph Hits $2.3 Billion Market Cap
- Mar 29, 2024 at 07:38 pm
- The cryptocurrency market has recently witnessed a surge in the value of meme coins, with Floki Inu (FLOCIA) emerging as a standout performer. Amidst a flurry of new meme coin introductions, Floki Inu has attracted attention with its dog-themed token and Web3 initiatives, leading to a substantial increase in market capitalization and a price surge of over 30% in the past month.
- Ukraine Evacuees Express Gratitude with Security Deposit Contribution for MoS Muraleedharan
- Mar 29, 2024 at 07:36 pm
- Ukrainian students rescued by the Indian government during the Russia-Ukraine conflict expressed their gratitude by contributing to the election security deposit of V. Muraleedharan, Minister of State for External Affairs, for his Lok Sabha candidacy in Attingal constituency. The students, accompanied by their parents, attributed their safe evacuation to Muraleedharan's efforts and Prime Minister Modi's intervention.
- Solana Wallet Draining Attacks: BONKbot and Solareum Under Investigation
- Mar 29, 2024 at 07:29 pm
- A series of wallet drainer attacks on Solana may be linked to Telegram trading bots, particularly BONKbot. BONKbot denies involvement, suggesting that drained users had previously exported their private keys and used them elsewhere. While BONKbot claims 113 victims had used its bot, all had exported their keys. Competing bot Solareum acknowledges the possibility of their involvement but asserts they are also victims. Analysis indicates the largest single victim lost over $93,000 worth of SOL.
- Chiefs' Gatorade Bath Enigma: Purple Reigns, Orange Bets Soar for Super Bowl LVIII
- Mar 29, 2024 at 07:08 pm
- Kansas City Chiefs head coach Andy Reid's Gatorade bath color has become a Super Bowl betting favorite, with orange currently holding +325 odds at BetMGM. The color choice has fluctuated in recent weeks, moving from +550 to +325 as wagers have favored orange. Other novelty bets for Super Bowl LVIII include the coin toss (with tails receiving 55% of bets), the length of the national anthem, and which song Usher will perform first at the halftime show ("My Way" is the favorite at +100 odds).
- Arcas Champions Unleashes Beta with Inaugural Play-to-Airdrop Treasure Hunt
- Mar 29, 2024 at 07:08 pm
- Arcas Champions, a Play-To-Airdrop treasure hunt, officially launches on the Gaimin launcher. Developed by Block Ape Scissors, this Unreal Engine 5 game incorporates the native ARCAS token, empowering players to stake into player-owned Champions and earn revenue based on their performance.
- TokenPost Unveils IXO™ 2024: A Web3 Global Roadshow to Ignite Ecosystem Expansion
- Mar 29, 2024 at 07:04 pm
- TokenPost, a leading blockchain media outlet in South Korea, is organizing the global Web3 roadshow "IXO™ 2024" to promote the Web3 ecosystem. Held in Gangnam, South Korea, from March 2-3, the event will feature keynote speakers, project booths, airdrop events, and a VIP after-party. Co-hosted by TokenPost and NFTGo, the largest NFT information platform, the roadshow aims to foster connections and drive innovation in the Web3 space.
- Ethereum's Buterin Unveils Ambitious Vision for Memecoins: From Speculation to Societal Impact
- Mar 29, 2024 at 06:30 pm
- In his "What Else Could Memecoins Be?" blog, Vitalik Buterin criticizes the current state of memecoins, citing their lack of innovation and often controversial nature. He proposes innovative pathways for their evolution, such as "charity coins" allocating a portion of token supply to charitable causes, and "Robin Hood games" integrating gaming into the memecoin ecosystem to support public goods and provide financial gains for participants.
- US, UK Probe $20B Crypto Transactions Linked to Russian Exchange Garantex
- Mar 29, 2024 at 06:30 pm
- The US and UK governments are reviewing over $20 billion in cryptocurrency transactions associated with Garantex, a Russia-based exchange, to combat sanctions evasion and disrupt financial support for Russia's actions in Ukraine. The review focuses on transactions conducted using Tether, a dollar-pegged cryptocurrency, and aims to expose illicit activities and hold accountable those involved in enabling financial crimes.
- Nilam Resources Clarifies Acquisition, CEO Steps Down Amid Investigations
- Mar 29, 2024 at 06:17 pm
- Nilam Resources releases a second press release amidst stock price volatility. The company claims to have acquired 24,800 bitcoins through a merger with Xyberdata and asserts the existence of audited financial statements verifying this. However, concerns remain as the company fails to address the allegations made by its former CEO, who labeled Nilam Resources a "classic pump and dump." Despite the statement, OTC Markets continues to display a "caveat emptor" designation for Nilam Resources, indicating ongoing public interest concerns.
- Embark on an Extraordinary Journey in Immortal Taoists: Ultimate Guide to Codes and Gameplay
- Mar 29, 2024 at 06:16 pm
- In Immortal Taoists, an idle adventure game, embark on a quest to conquer beasts and demons as you pursue immortality. Choose your character among various backgrounds and embark on a life journey filled with cultivation and Qi accumulation. Redeem codes unlock valuable resources like Wood, Iron, Spirit Stones, and more, providing a boost to your in-game progress.