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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 / 17
- Ripple's CTO Debunks 'Billionaire' Myth: Setting the Record Straight
- Apr 17, 2024 at 11:00 pm
- In the crypto market, Ripple's CTO David Schwartz addresses speculation about his wealth. Responding to a fan's comment, Schwartz clarifies that he is not a billionaire and dispels misconceptions about his supposed affluence despite his involvement in the cryptocurrency industry.
- Worldcoin Launches World Chain, a Blockchain Designed for Humans
- Apr 17, 2024 at 11:00 pm
- OpenAI founder Sam Altman's Worldcoin, a crypto startup known for its unique eye-scanning "World ID" protocol, is launching its own blockchain, World Chain, to enhance its network and provide priority to "verified humans" over bots. This move will grant greater control and flexibility to the developers and potentially reduce costs for users. By building on Ethereum's OP Stack framework, World Chain aims to address the issue of bot activity, which currently constitutes a significant portion of on-chain transactions.
- Worldcoin Launches Human-Centric Layer-2 Blockchain
- Apr 17, 2024 at 11:00 pm
- Worldcoin, an initiative from OpenAI founder Sam Altman, is introducing World Chain, a layer-2 blockchain based on Ethereum. This blockchain aims to prioritize authenticated humans over AI and trading algorithms. Users who verify their identities through Worldcoin's "orb" device will enjoy benefits like reduced fees, faster transactions, and priority blockspace. World Chain will operate within the OP Stack framework, allowing for cheaper fees and faster speeds compared to direct Ethereum transactions. This move towards an independent blockchain provides greater control and optionality for the project while potentially lowering costs for users.
- Worldcoin Revolutionizes DeFi with World Chain: Proof of Personhood Empowers Mass Adoption
- Apr 17, 2024 at 11:00 pm
- World Chain, a new blockchain initiative by Worldcoin, prioritizes transactions initiated by verified humans. Verified users receive gas allowances, reducing entry barriers. The integration of WLD tokens enables easy fee payments. World Chain provides developers with a vast user base and a focus on real-world applications, offering an opportunity for innovation in decentralized finance and identity solutions.
- Crypto Markets Brace for Key Bitcoin Thresholds as Analyst Ali Martinez Delves In
- Apr 17, 2024 at 11:00 pm
- Cryptocurrency analyst Ali Martinez predicts potential changes in Bitcoin's trading environment based on the Universal Rate of Price Decline (URPD). Martinez identifies $62,000 as a crucial support level, with a drop below it potentially leading to a retest of $51,500. Conversely, surpassing $66,250 could reignite the bull run. Bitcoin's current value of $63,366 shows a modest increase over the past 24 hours, but a significant decline over the last week. The high trading volume indicates active participation and liquidity in the market.
- Furrever Token: The Cat-Powered Challenger Ready to Shake Up the Meme Coin Market
- Apr 17, 2024 at 11:00 pm
- In a highly competitive crypto arena, Furrever Token (FURR) is emerging as a potent challenger to Dogecoin (DOGE) and Shiba Inu (SHIB), who are facing price downtrends. FURR, with its charming approach to the meme coin phenomenon, sets its sights on seizing the spotlight. Designed to infuse cuteness into the crypto space, FURR offers a heartwarming community centered around adorable cat imagery. The tokenomics are structured with transparency, and the team aims to raise $1.9M after having already raised over $800,000. Furrever Token's organic growth and community-centric ethos make it a compelling alternative, challenging the status quo amidst the decline of its counterparts.
- Kraken Launches Open-Source Crypto Wallet, Shaking Up Market Competition
- Apr 17, 2024 at 11:00 pm
- Kraken, a major crypto exchange, has launched its own cryptocurrency wallet, the "Kraken Wallet." This open-sourced wallet, a first for a major exchange, joins the competitive landscape of wallets like Coinbase, MetaMask, and others. Initially supporting eight blockchains, the self-custodial Kraken Wallet prioritizes user privacy by collecting minimal data and proxying user activity through Kraken's infrastructure.
- Nilam Resources' Pump-and-Dump Scheme Morphs into Suspect Security Offering
- Apr 17, 2024 at 10:59 pm
- After announcing its intent to acquire 24,800 bitcoins, penny stock Nilam Resources experienced a meteoric rise followed by a precipitous crash when the company was labeled a "pump and dump" scheme. Despite rebranding, launching a private token sale, and purging its website of its previous identity, Nilam Resources' actions raise concerns of unregistered security offerings and potential regulatory scrutiny.
- Altcoin Experts Predict Bullish Surges: FET, SOL, and LINK in Focus
- Apr 17, 2024 at 10:58 pm
- Three cryptocurrency analysts predict bullish trends for altcoins FET, SOL, and LINK. Lockridge Okoth forecasts a surge towards $3.48 for FET; Ibrahim Ajibade anticipates a recovery for SOL after breaking through $171 resistance; Aaryamann Shrivastava sees a 25% rise for LINK after crossing $14.6 support.
- BlockDAG Soars as a New Frontier in Cryptocurrency Innovation
- Apr 17, 2024 at 10:56 pm
- BlockDAG is emerging as a significant player in the cryptocurrency landscape, raising substantial funds in its early stages and boasting a robust circulation of over 7.6 billion BDAG coins. Its innovative mining technology, integrating blockchain with a Directed Acyclic Graph (DAG), offers scalability and reduced resource consumption, encouraging broader participation and enhanced network security. BlockDAG's strategic expansion plans, including major exchange listings, have generated excitement among investors, who anticipate a 30,000x return, rivaling the successes of Polkadot and TRON.
- Ontology Launches $10M DID Fund to Drive Decentralized Identity Future
- Apr 17, 2024 at 10:55 pm
- Ontology's pioneering journey in Decentralized Identity (DID) includes six years of innovation, with milestones such as surpassing 1.6 million users for ONT ID, their premier protocol. Their $10 million fund, designated in ONT & ONG tokens, aims to accelerate DID adoption, education, and development. Areas of focus include DID Education, ONT ID Technical Tutorials, ONT ID Adoption, and Building with ONT ID.
- Bitget Unveils Initial Listing of MERL, Unleashing Bitcoin Ecosystem Potential
- Apr 17, 2024 at 10:53 pm
- Bitget, a leading crypto exchange, announces the listing of MERL, the native token of Merlin Chain, on its Launchpool. Merlin Chain is a Layer2 solution that harnesses Polygon's ZK technology and enables seamless interoperability between Bitcoin's native assets and decentralized applications built on its network. The integration of Merlin Chain into the Bitget platform provides users with easy access to trade MERL tokens and participate in the growth of this innovative project.
- MATIC's Whale Activity Sparks Bullish Outlook, Amidst Market Volatility
- Apr 17, 2024 at 10:52 pm
- Amidst market volatility, Polygon’s MATIC token has garnered attention from large-scale investors known as "whales," who have significantly increased their holdings. This whale activity suggests a bullish outlook on MATIC, but retail investors should consider both whale accumulation and negative market sentiment before making investment decisions.
- Robert Kiyosaki's Bitcoin Evolution: Skeptic to Crypto Evangelist
- Apr 17, 2024 at 10:51 pm
- Robert Kiyosaki, renowned author of "Rich Dad Poor Dad," has transitioned from initial skepticism to becoming a vocal advocate for Bitcoin (BTC) as an investment strategy. Kiyosaki believes Bitcoin offers protection against inflation and central bank policies that disproportionately affect the working class. Despite holding a modest 66 BTC, Kiyosaki sees considerable financial growth potential in the cryptocurrency, especially with the recent SEC approval of a Bitcoin ETF and Hong Kong's approval of spot Bitcoin and Ethereum ETFs.
- US Senators Unveil Bipartisan Stablecoin Bill, Paving Way for FDIC Coverage
- Apr 17, 2024 at 10:50 pm
- In an effort to establish regulatory clarity for payment stablecoins, US Senators Cynthia Lummis and Kirsten Gillibrand have introduced the Lummis-Gillibrand Payments Stablecoin Act. This bipartisan legislation seeks to safeguard consumers, foster innovation, and maintain US dollar dominance within a dual banking system. Key provisions include mandatory one-to-one reserve requirements, prohibiting algorithmic stablecoins, and requiring compliance with anti-money laundering and sanctions regulations. Furthermore, the bill proposes a "receivership regime" with the FDIC to protect customer funds, potentially opening the door to FDIC insurance for stablecoin issuers meeting the established criteria.
- Bitcoin Dip Triggers Solana Sell-Off; Investors Seek Shelter in DTX Exchange's Presale
- Apr 17, 2024 at 10:46 pm
- Amidst Bitcoin's recent correction, Solana (SOL) has faced heavy sell-offs, dropping over 24% to $135. Factors influencing this decline include BTC volatility, declining investor interest, and a bearish outlook. However, upcoming developments, including the v1.17.31 update, could potentially reverse the trend. Additionally, emerging projects like DTX Exchange, backed by a successful private seed sale, have attracted investors seeking explosive gains. With its 1000X leverage and KYC-free hybrid ecosystem, DTX is poised for significant growth, garnering over $230,000 in presales within three days.
- Bitcoin's Halving: Historical Gains in an Uncertain Economic Climate
- Apr 17, 2024 at 10:43 pm
- In just two days, Bitcoin will undergo its fourth mining-reward halving, where the per-block emission will be slashed from 6.25 BTC to 3.125 BTC. Historically, such halvings have resulted in extensive multi-month BTC rallies, generating anticipation for a similar outcome this time. However, Goldman Sachs advises caution against extrapolating from previous cycles, given the contrasting prevailing macro conditions of high inflation and interest rates today.
- Equity Funding Catapults Circle of Games to Web3 Gaming Supremacy
- Apr 17, 2024 at 10:41 pm
- Circle of Games (COG), a multi-gaming platform, has secured $1 million in funding from Nazara Technologies and The Hashgraph Association. The funds will be used to accelerate COG's market expansion, enhance platform capabilities, and bolster its presence in international markets. COG, with its over 250,000 registered users, plans to expand its gaming portfolio from six to over ten games by Q4 2024. COG has implemented multi-chain technology with Hedera as the primary mainnet, empowering players with ownership and control over in-game assets and tokens.
- Buenos Aires City Accuses Worldcoin of Predatory Practices, Threatens Hefty Fine
- Apr 17, 2024 at 10:40 pm
- AbstractThe Buenos Aires provincial government has accused Worldcoin, a US-based iris-scanning company, of violating consumer rights. The complaint alleges the firm's contracts contain "abusive clauses" and lack proper protection for users' personal data, including minors'. Worldcoin faces potential fines if found guilty by the government, which is also concerned about the company's data storage practices and use of foreign laws to govern its services in Argentina.
- South Korean Exchange Upbit Suspends Crypto Transactions Over $721
- Apr 17, 2024 at 10:40 pm
- South Korean crypto exchange Upbit has halted deposits and withdrawals of digital assets worth over 1 million won ($721) following the suspension of services by Ten&Ten, a local virtual asset service provider that facilitated such transactions on Upbit's platform. This decision comes as Upbit takes measures to address the impact of Ten&Ten's service disruptions.