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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
- BlackRock's Bitcoin ETF Dominance Soars, Tops $17.6B in Assets
- Mar 29, 2024 at 05:55 am
- BlackRock's Bitcoin ETF (IBIT) has experienced a meteoric rise since its launch, with assets under management (AUM) surging to an all-time high of over 250,000 BTC, valued at approximately $17.6 billion. This remarkable growth has propelled BlackRock to the position of the second largest Bitcoin issuer by AUM, trailing only Grayscale.
- 2024 Bitcoin Halving: Watershed Moment for Digital Currency
- Mar 29, 2024 at 05:49 am
- The 2024 Bitcoin Halving, scheduled for April 2024, is anticipated to have a profound impact on the cryptocurrency. Technological advancements, including the adoption of taproot wallets and development of Layer 2 solutions, are expanding Bitcoin's utility. Regulatory developments, such as the approval of spot Bitcoin ETFs, are increasing institutional adoption. The halving is expected to reduce the supply of new bitcoins, potentially leading to price increases. However, it's important to note that the crypto market is volatile and past performance is not indicative of future results.
- Litecoin's Meteoric Rise: Unveiling the Forces Behind Its Stellar Surge
- Mar 29, 2024 at 05:36 am
- Ascendance of Litecoin: Charting the Path to $400Litecoin's remarkable surge of 17% in the past week has propelled it into uncharted territory, breaking key resistance levels and solidifying its position as a formidable player in the digital asset space. Analysts, including World of Charts, predict a meteoric rise to $400 in the coming months. On-chain metrics reveal bullish trends, but caution is warranted due to potential overvaluation indicated by the NVT ratio. Technical analysis on TradingView suggests favorable market conditions, but potential headwinds may stall its upward trajectory. Despite market volatility, Litecoin's stable hashrate attests to its resilience and robust infrastructure, offering investors a safe harbor amidst uncertainty.
- KuCoin Crypto Market Swings, Value Rise Possible
- Mar 29, 2024 at 05:36 am
- Despite recent fluctuations, KuCoin's active address analysis indicates a surge in users and transactions, potentially increasing demand and token value. Currently, the price faces resistance at $12.16, influenced by the 20- and 50-day EMAs. A bearish MACD cross and RSI rejection suggest potential price decline below $10.0. However, a spike in trading volume exceeding $9 million indicates renewed interest.
- Glif Unveils Rewards Program Ahead of Market Launch
- Mar 29, 2024 at 05:23 am
- Glif, a Filecoin liquid staking service, has launched a rewards program to prepare for its market launch. This program distributes 75 million reputation points to both current and future storage providers (SPs) and liquidity providers (LPs). These points can be redeemed for Glif's native token at a 1:1 ratio, with the first batch being released this summer.
- Berachain: From Stoner NFTs to an Anticipated L1 Launch
- Mar 29, 2024 at 05:19 am
- From a humorous NFT collection, Berachain has emerged as a highly anticipated L1 blockchain project, leveraging the power of memes and community. Through their “EVM-equivalent-plus” architecture and novel Proof of Liquidity consensus model, they aim to foster a sustainable ecosystem by incentivizing liquidity provision and aligning incentives among validators, protocols, and users. Berachain’s unique origin and unconventional approach have made it a standout in the crypto space, attracting significant investment and garnering industry attention as it prepares for its eagerly awaited mainnet launch.
- Forbes' Exposé Raises Concerns About Efficacy of Ripple Blockchain and XRP Token
- Mar 29, 2024 at 05:15 am
- Forbes published a report questioning Ripple's effectiveness and labeling its token as a speculative asset. The report claims that Ripple's blockchain is "useless," casting doubt on its utility and market value. Ripple and its supporters, including Cardano founder Charles Hoskinson, have defended the company, with Hoskinson joking that Forbes' report is a "joke of an article."
- Cryptocurrency Theft Plummets in Q1 2024 as Immunefi Report Highlights Positive Trend
- Mar 29, 2024 at 05:14 am
- Crypto losses have significantly decreased in Q1 2024, according to Immunefi research. Compared to Q1 2023, total losses fell by 23.12% to $437.5 million, with Ethereum emerging as the most targeted chain. However, hacks remain a persistent issue, accounting for 95% of crypto losses in Q1 2024, despite a 23.1% decrease in hacking incidents and losses from $418.59 million in Q1 2023 to $321.65 million this year.
- Elon Musk's Vision for X: From Tweets to an 'Everything App' Empire
- Mar 29, 2024 at 05:09 am
- After acquiring Twitter in 2022, Elon Musk rebranded it as X, an aspiring "everything app." X's focus on micro-blogging, retweeting, and hashtags has positioned it as a potential super app, similar to WeChat. To enhance its appeal, X has introduced new features such as Grok's advanced chatbot, a smart TV app, and ad targeting options for content creators. Despite challenges, Musk remains optimistic about X's potential for rapid innovation and transformation.
- VeChain's MaaS Platform Revolutionizes Asset Tokenization, Fueled by Surging Financial Growth
- Mar 29, 2024 at 05:08 am
- VeChain has unveiled its groundbreaking Marketplace-as-a-Service (MaaS) platform for simplified asset tokenization. It aims to democratize blockchain access by eliminating complex coding requirements. The launch of MaaS coincides with VeChain's impressive financial growth, including a significant increase in Treasury holdings. This platform is already live with its first enterprise client, Gresini Racing.
- Pepe Airdrop Launches, Revolutionizing Internet Humor and Digital Collectibles
- Mar 29, 2024 at 05:08 am
- The Pepe Airdrop, slated for 2024, offers an exclusive opportunity to acquire $PEPE tokens, the digital currency powering Pepe, a project that merges memes and blockchain technology. To secure your place in this unique crypto event, this article provides a comprehensive step-by-step guide, from eligibility verification to token distribution. By participating in the Pepe Airdrop, enthusiasts can tap into a growing community, enjoy token utility within the ecosystem, and potentially reap early adoption benefits.
- Mantle Ascends to Cryptocurrency Stardom with Meteoric Rise
- Mar 29, 2024 at 05:08 am
- Mantle (MNT), an innovative Layer 2 Blockchain solution, has emerged as a market leader, reaching the top 33 cryptocurrencies with a remarkable all-time high of $1.49, driven by its modular design, Optimistic rollups, and thriving ecosystem with MNT staking, Mantle Rewards Station, and m Shards tokens.
- Ether Surges Despite Regulatory Clouds
- Mar 29, 2024 at 05:04 am
- Ether (ETH) has experienced a notable 58.8% surge since February, despite facing resistance at the $3,600 level. The upcoming spot Ether exchange-traded fund (ETF) decision in the U.S. in May presents both positive and negative implications for ETH's price. While the indictment against KuCoin has raised regulatory concerns, it may also improve the prospects for an Ether ETF approval. The growth of Ether futures open interest indicates strong demand, but attributing it solely to institutional investors is an oversimplification. Ether derivatives reflect moderate optimism, with funding rates showing increased demand for leveraged long positions. However, the options market suggests a balanced pricing between call and put options, indicating a neutral market stance.
- ARK Investment Management Significantly Expands Stake in Beam Therapeutics
- Mar 29, 2024 at 05:04 am
- ARK Investment Management LLC increased its stake in Beam Therapeutics Inc. (NASDAQ:BEAM - Free Report) shares by 6.9% during the fourth quarter, according to its recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,393,889 shares of the company's stock after buying an additional 609,998 shares during the quarter. Beam Therapeutics comprises approximately 1.5% of ARK Investment Management LLC's portfolio, making it the stock its 21st biggest position.
- Crypto Stocks Soaring in Market Rally, Offering Lucrative Investment Opportunities
- Mar 29, 2024 at 05:02 am
- Crypto stocks, companies tied to cryptocurrencies and blockchain, have gained traction as Bitcoin's bull market attracts institutional investment. MicroStrategy, with its significant Bitcoin holdings, and Coinbase, the largest US crypto exchange, stand out as crypto stocks to watch. Marathon Digital, a Bitcoin miner, is poised to benefit from the upcoming Bitcoin halving event, making it a key player in the crypto stock market.
- Coinbase Shifts to Base Layer-2 Blockchain, Revolutionizing Digital Asset Management
- Mar 29, 2024 at 05:02 am
- Coinbase, a prominent cryptocurrency exchange, has announced a strategic shift in its management of USDC stablecoin accounts. The exchange will utilize its Ethereum layer-2 blockchain, Base, to enhance the security and efficiency of customer funds management. This move aims to reduce fees and expedite settlement times, strengthening Coinbase's position as a leader in the crypto industry and signaling a broader shift towards an on-chain financial ecosystem.
- Shiba Inu Ecosystem poised for growth with ambitious plans and community support
- Mar 29, 2024 at 05:00 am
- Shiba Inu lead developer Shytoshi Kusama hinted at significant advancements within the SHIB ecosystem in response to Ethereum co-founder Vitalik Buterin's praise for the meme coin. Kusama's cryptic message suggests that SHIB has yet to fully demonstrate its potential, indicating further growth expectations for the token and its ecosystem.
- Shiba Inu Token Burn Rate Skyrockets Over 17,000%, Driving Token Value Surge
- Mar 29, 2024 at 05:00 am
- Shiba Inu's burn rate skyrocketed by 17,197% after the community initiated manual burns, pushing the token's price up by 8% to reach the $0.000032 range. The official burn tracker recorded the incineration of 56,325,488 SHIB tokens over the past 24 hours, providing hope for further price increases.