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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 / 30
- Poloniex's Tron-Based WBTC Product Raises Red Flags Amidst Discount and Lack of Transparency
- Apr 30, 2024 at 02:50 am
- Poloniex, owned by Justin Sun, offers a wrapped bitcoin (WBTC) product on Tron currently trading at a substantial discount of over 20%. Amidst concerns about reserve transparency, Poloniex has not provided proof of reserves as promised and remains unclear about the location of bitcoin backing the WBTC product. Interconnections between Poloniex and Sun-advised HTX, which holds a significant portion of bitcoin within the WBTC on Tron product, raise questions about the nature of these relationships and potential exposure to risk.
- Bitcoin's Reign May Be Ending: Expert Predicts Downward Spiral and Market Adjustment
- Apr 30, 2024 at 02:48 am
- Cryptocurrency expert Peter Brandt posits that Bitcoin's current market cycle may have peaked, based on the concept of "exponential decay." This theory suggests that Bitcoin's percentage upsurges have diminished over successive bull markets, with the current cycle expected to yield approximately 20% of the previous cycle's price increase. While acknowledging Bitcoin's historical post-halving price surges, Brandt believes a potential dip to mid-$30,000 could be bullish in the long term, as it could pave the way for parabolic upward moves and a rally above $100,000.
- Render (RNDR): Poised for Unprecedented Price Surge
- Apr 30, 2024 at 02:48 am
- Technical indicators suggest a potential price surge for Render (RNDR). Analysts have identified a breakout from the bullish Dragon Pattern and the formation of Three Rising Valleys, indicating a market reversal. A bullish divergence on the four-hour chart suggests diminishing selling pressure, adding to the positive outlook. Crypto analyst DoJi predicts a price surge to $13 or even beyond $20, while Insider Crypto foresees a range of $14-$16 based on an Inverse Head and Shoulders Pattern. Despite expected resistance, long-term indicators hint at stabilization around $8.92.
- Tether Invests $200 Million in Brain-Computer Interface Leader Blackrock Neurotech
- Apr 30, 2024 at 02:41 am
- Tether, the issuer of the USDT stablecoin, has acquired a majority stake in Blackrock Neurotech, a brain-computer-interface (BCI) company. Tether's $200 million investment will support the commercialization and research of Blackrock Neurotech's technology, which has enabled physically impaired individuals to perform tasks like driving and typing using brain signals.
- Crypto Whales Eye Billion-Dollar Prize: Analysis Reveals Hot ICO Prospects
- Apr 30, 2024 at 02:39 am
- Within the dynamic 2024 cryptocurrency market, "Crypto Whales" significantly influence movements through their strategic trades. Identifying promising ICOs for 100x gains is their focus, and large-scale whale transactions signal investor interest. Three prominent ICOs attracting attention include Billion Dollar Jackpot (BDJ), Slothana ($SLOTH), and 5thScape ($5SCAPE), each targeting distinct niches and offering potential for high returns.
- Hipposol Emerges as a Force in the Memecoin Market
- Apr 30, 2024 at 02:33 am
- Hipposol, a new memecoin on the Solana blockchain, is making waves in the crypto community. With a strong focus on community involvement, humor, and blockchain innovation, Hipposol aims to redefine the memecoin niche. The project is gaining traction, attracting thousands of community members and strategic partnerships. The $HIPPOS Token Presale, now open, offers investors the opportunity to secure their stake in this promising project, which is poised to rival the success of established meme coins like BONK.
- Shiba Inu Unveils Multi-Chain Expansion of ShibaSwap, Paving the Way for Shibarium Integration
- Apr 30, 2024 at 02:30 am
- Shiba Inu has announced the expansion of its decentralized exchange, ShibaSwap, to include support for Shibarium, its related Ethereum Layer 2 blockchain. This move enables ShibaSwap to operate across both Ethereum and Shibarium platforms, enhancing its flexibility and efficiency. The integration into Shibarium offers new features such as additional token integrations, enhanced liquidity pools, advanced DeFi functionalities, and launchpad initiatives to boost user engagement and platform utility.
- Coin Days Destroyed Uncovers Hidden Selling Pressure Driving Bitcoin's Price Plunges
- Apr 30, 2024 at 02:30 am
- A quantitative analyst has highlighted a Bitcoin metric that may have predicted recent price drops by detecting selling pressure in advance. The Coin Days Destroyed (CDD) indicator monitors dormant Bitcoin coins being moved, often associated with long-term holders or whales. Significant spikes in CDD often coincide with sell-offs by these large entities, potentially indicating bearish market conditions. Recent spikes in the CDD, including a major one before Bitcoin's recovery to $67,000, seem to have preceded subsequent price declines. Monitoring the CDD indicator could provide insight into potential selling pressure and market sentiment in the future.
- Silent Bitcoin Giants Hint at Selling Pressure via Coin Days Destroyed
- Apr 30, 2024 at 02:30 am
- A recent analysis suggests that the Bitcoin Coin Days Destroyed (CDD) indicator may help identify selling pressure in the market. CDD, which tracks the total number of days that dormant Bitcoin has been transferred, experienced a significant spike a few days ago. Historically, such spikes have often preceded price drops, as long-term holders (whales) tend to sell their accumulated coins. The recent spike could indicate that whales sold their Bitcoin at the recent recovery to $67,000, leading to the subsequent price decline. Monitoring CDD may provide insights into potential future selling pressure and market downturns.
- Shiba Inu Token Predicted to Soar by 40,238%
- Apr 30, 2024 at 02:30 am
- Popular SHIB trader and online cryptocurrency influencer Lucie has predicted a potential rise of 40,238% for SHIB, a staggering surge that could push its valuation to $0.01. Lucie's bullish outlook, shared on social media, highlights her belief in SHIB's long-term growth potential. The token's recent performance and its current trajectory have brought Lucie's forecast into the spotlight, sparking discussions about SHIB's potential to reach the elusive $0.01 milestone.
- BlockDAG Soars as the Leading Cryptocurrency Innovator and Growth Champion
- Apr 30, 2024 at 02:28 am
- Despite positive developments in the crypto market, such as SHIB's strategic growth and AVAX's recovery attempts, BlockDAG emerges as a standout investment opportunity. Its innovative X10 mining rig and captivating lunar keynote have driven its presale to exceed $21 million, positioning BlockDAG at the forefront of crypto innovation and setting it apart as a compelling choice for investors seeking high growth potential.
- Terra Classic (LUNC) Set for Major Surge, Google's Gemini Predicts 45% Gain by May 2024
- Apr 30, 2024 at 02:24 am
- Terra Classic (LUNC) shows signs of a potential upward trend, with a modest gain of 0.36% in the past 24 hours. Google's advanced AI-powered language model, Gemini, predicts a significant 45.54% increase in LUNC's price by May 31, 2024, to $0.000155, based on complex algorithms that analyze market data.
- Kek Bot Revolutionizes Meme Coin Industry: PepeCoin's Crypto Trading Innovation
- Apr 30, 2024 at 02:21 am
- PepeCoin has revolutionized cryptocurrency trading with the launch of Kek Bot, an innovative trading bot designed to enhance user experience on DEXs. Featuring advanced capabilities such as limit orders, AI-powered trading prompts, mirror trading, and MEV prevention, Kek Bot empowers traders with precision and protection. Moreover, PepeCoin's thriving ecosystem and token burn strategy aim to fuel the coin's growth, while the rise of meme coins like BONK, WIF, and Shiba Inu highlights their impact on crypto communities and popular culture.
- Australia Gears Up to Join Global Crypto ETF Revolution
- Apr 30, 2024 at 02:15 am
- Australia may soon join the US and Hong Kong in listing spot crypto exchange-traded funds (ETFs). The Australian Securities Exchange (ASX) is reportedly set to approve a handful of Bitcoin ETFs before the end of 2024. This development follows surging global interest in crypto-based ETFs, buoyed by substantial inflows into similar funds in the United States.
- Ripple CEO Expects Smooth Sailing for XRP ETF Approval, Boosting Cryptocurrency's Demand
- Apr 30, 2024 at 02:15 am
- In the dynamic crypto market, the introduction of Bitcoin ETFs in early 2024 ignited a bullish trend. Investors eagerly speculate on the potential impact of an XRP ETF, while Algotech (ALGT) presale draws attention with its advanced features and remarkable investor enthusiasm as it approaches its final stage.
- From Crypto Skeptic to Digital Asset Enthusiast: The Bitcoin Therapist's Odyssey
- Apr 30, 2024 at 02:14 am
- The Bitcoin Therapist, a pseudonymous Bitcoin newsletter writer, shared his journey from crypto skeptic to enthusiast. His initial investment in Dogecoin sparked his interest, leading him to research and shift all his investments to Bitcoin. Emphasizing the significance of knowledge and strategic investment, the Therapist suggests that the world is approaching a time when governments will acquire Bitcoin with newly printed currency.
- Bayonne Tragedy: Juvenile Violence and Systemic Concerns Plague France
- Apr 30, 2024 at 02:13 am
- On Saturday, July 2, a 15-year-old boy named Matisse was stabbed to death in the town of Lunel, France. The suspect, also 15, was arrested shortly after and has been described as a "known offender" by the local prosecutor. The motive for the attack is still unknown, with police stating that they have not yet established any connection between the stabbing and the suspect's previous criminal record. The incident has prompted renewed calls for action to combat youth violence, which has been a growing problem in France in recent years.
- Bitcoin Shines Amid Japan's Yen Crisis, Offering Hope in Financial Uncertainty
- Apr 30, 2024 at 02:10 am
- Amidst the Japanese Yen's record low against the USD, Bitcoin is gaining recognition as a potential solution to Japan's economic challenges. The Yen's decline has sparked discussions on social media, with many advocating for Bitcoin as a stable alternative to fiat currency. Bitcoin advocate Michael Saylor has echoed these sentiments, emphasizing the asset's finite supply and decentralized nature.
- Millennials: The Sacrificed Generation Facing the Elusive American Dream
- Apr 30, 2024 at 02:09 am
- With rising inflation and stagnant wages, millennials are increasingly facing financial insecurity, making homeownership and family planning seem unattainable. The Federal Reserve's quantitative easing policies have inflated asset prices, benefiting older generations at the expense of younger ones. As a result, millennials are turning to Bitcoin as a potential "asymmetric bet" to catch up, hoping that its appreciation can outpace inflation and housing prices, potentially enabling them to secure a home and improve their financial well-being.
- EigenLayer Unveils Tokenomics, Stakedrop, Revolutionizing Ethereum Ecosystem
- Apr 30, 2024 at 02:09 am
- EigenLayer, a restaking protocol with $15.7 billion in deposits, has announced plans for an EIGEN token release, with 45% allocated to the community through stakedrops, ecosystem development, and future initiatives. The initial token distribution of 5% will occur on March 15, redeemable from May 10, with a total supply of 1.67 billion tokens. Investors and early contributors will receive 29.5% and 25.5%, respectively, with a three-year lock-up period. The EIGEN token will also support EigenLayer's Actively Validated Service (AVS) for data availability, enabling a wide range of applications to be built on the protocol.