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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 / 26- Bitcoin ETF Rally Hits a Roadblock Amid Market Volatility
- Mar 26, 2024 at 04:09 am
- Despite Bitcoin's price volatility and analysts at J.P. Morgan predicting a drop to $42,000, institutional buying remains strong as evidenced by BlackRock's consistent inflows into Spot Bitcoin ETFs. However, Bitcoin ETFs saw a net outflow of over $888 million this week, with Grayscale's GBTC recording significant single-day outflows, raising concerns about the market's optimistic price projections.
- Nigeria's Crypto Quandary: Binance Faces Crosshairs Amidst Economic Turmoil
- Mar 26, 2024 at 04:05 am
- In a move that highlights the growing tension between governments and the crypto industry, Nigerian authorities have detained two Binance executives and charged the exchange with tax evasion. This incident underscores the challenges faced by Binance, which has been under scrutiny from regulators worldwide and has recently agreed to pay a record fine to the U.S. Department of Justice. Nigeria's actions raise concerns about the potential for political interference and the targeting of individuals within the crypto space.
- Solana NFTs Surge: Can It Dethrone Ethereum in the NFT Realm?
- Mar 26, 2024 at 04:03 am
- Solana-based NFT collections, Froganas and Howdy Hats, surged in sales and transactions on Monday, leading the market with a combined $1.16 million in sales. Froganas saw a 111.88% increase in sales, while Howdy Hats experienced a 19.12% increase. However, Solana's blockchain NFT sales trailed Ethereum and Bitcoin, with Yuga Labs' BAYC remaining the second-highest all-time seller on Ethereum.
- Lucid's Cash Infusion: Lifeline or Band-Aid?
- Mar 26, 2024 at 04:02 am
- Lucid Group's stock surged over 5% on Monday after the electric vehicle maker announced a $1 billion cash injection from its largest shareholder, Saudi Arabia's Public Investment Fund (PIF). The investment, made through a private stock sale, will be used for general corporate purposes, including capital expenditures and working capital. Despite Monday's gains, Lucid shares have lost nearly 30% of their value year-to-date and over 64% in the past 12 months.
- Shiba Inu Whales: Selling Off or Stocking Up?
- Mar 26, 2024 at 04:02 am
- Shiba Inu whales have recently moved billions of SHIB tokens in large transactions, raising concerns about potential sell-offs. However, despite the possibility of profit-taking, analysts believe SHIB still has bullish momentum due to its strong fundamentals and anticipation of an upcoming bull run.
- Is the SEC's $2 Billion Penalty for Ripple Too Much?
- Mar 26, 2024 at 04:01 am
- The SEC's demand for a $2 billion penalty against Ripple has sparked controversy. Chief Legal Officer Stuart Alderoty deems it excessive, questioning the SEC's motives. He accuses the agency of aiming to punish and intimidate Ripple rather than uphold the law. Alderoty remains confident in the court's fairness during the remedies phase. Ripple intends to respond to the SEC's request in April.
- XRP's Ascent: Technical Analysis Reveals Bullish Trend Despite Short-Term Losses
- Mar 26, 2024 at 04:01 am
- XRP's Ascent: A Technical Analysis Today, XRP has ascended by a modest 3.58% against the mighty US Dollar. However, its performance against the behemoths Bitcoin (BTC) and Ethereum (ETH) has been ...
- Bitcoin Soars Past $70K, Boosting Related Stocks
- Mar 26, 2024 at 04:01 am
- Bitcoin (BTC-USD) surged past $70,000 on Monday, sparking a rally in bitcoin-related stocks such as Coinbase (COIN) and MicroStrategy (MSTR). Yahoo Finance experts Akiko Fujita and Josh Lipton discuss the market movement, noting that the rally follows a period of consolidation and that some analysts anticipate a further rise in Bitcoin's value due to an upcoming halving event.
- NEAR Protocol Update Shakes Up Market, BlockDAG Emerges as Contender
- Mar 26, 2024 at 04:00 am
- The recent update to NEAR Protocol shakes the market as it emerges as a strong contender with its incorporation of The Graph's subgraph support. This blockdag protocol enhancement has propelled NEAR's value from $3.40 to $6.52 in just a month, with analysts predicting a rise to $8.26 by Q2 2024. This development signifies NEAR Protocol's position as a game-changer in the decentralized network space, offering a more efficient and affordable platform for developers. However, it is important to remember that this analysis is not investment advice.
- SEC Accused of Bad Faith in Debt Box Case, Faces Scrutiny for Crypto Enforcement
- Mar 26, 2024 at 04:00 am
- A US district court has sanctioned the SEC for "bad faith" in its lawsuit against Debt Box, accusing it of lying to obtain a temporary restraining order. Meanwhile, advocacy groups have filed briefs supporting Coinbase's appeal, urging the SEC to establish clear crypto industry rules. Despite the court's ruling, the SEC has requested additional funding to address the growth of crypto markets and has issued subpoenas related to its efforts to classify Ether as a security.
- Is Bitcoin Primed for a 'Max Pain' Drop?
- Mar 26, 2024 at 04:00 am
- Bitcoin may be primed for a significant drop as CryptoQuant's Ki Young Ju warns of a potential "max pain" plunge. With dwindling inflows into Bitcoin ETFs signaling a shift towards selling, historical analysis suggests a 30% drawdown to $51,000 from the current price of $67,184. This level could mark the point of maximum pain for market participants experiencing losses.
- Navigating the Crypto Frontier: Uncovering the Top Investments for Maximum Returns
- Mar 26, 2024 at 04:00 am
- In a competitive cryptocurrency market, investors seek high returns. This article compares BlockDAG, Monero, and BSV mining profitability. BlockDAG's DAG technology and proof-of-work mechanism offer high scalability, security, and decentralization. With presale success and ambitious growth projections, BlockDAG attracts investors seeking exponential returns. Monero remains resilient despite market volatility and regulatory challenges, while BSV shows bullish potential but faces price volatility. BlockDAG's innovative mining opportunities, strategic vision, and plans for a $10 valuation make it a promising investment option for miners.
