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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 / 23
- Bitcoin Price Surge Sparks Bullish Outlook, Parabolic Growth Expected
- Apr 23, 2024 at 05:02 am
- Following the halving event on April 20th, Bitcoin (BTC) surged by approximately 4%. According to experts like trader Rekt Capital, Bitcoin is currently in a critical "post-halving reaccumulation" phase, anticipated to continue for a few weeks before initiating a substantial parabolic appreciation period around the $85,000 zone.
- Binance Elevates Shiba Inu to Supported Asset Status, Recognizing Its Value and Maturity
- Apr 23, 2024 at 05:01 am
- Binance, a leading cryptocurrency exchange, has upgraded Shiba Inu (SHIB) from its Innovation Zone to the status of a fully supported asset on its main platform, recognizing its value and stability. This transition follows a meticulous evaluation based on criteria such as ethics, responsiveness, development activity, trading volume, liquidity, and network stability. With this upgrade, SHIB gains increased legitimacy, signaling its potential for continued growth and applicability in the cryptocurrency market.
- Crypto Markets Soar, Nearing All-Time Highs as Correction Fears Subside
- Apr 23, 2024 at 05:01 am
- Crypto markets rebounded on Monday with Bitcoin (BTC) approaching $67,000, reversing declines seen over the weekend. Altcoins also rallied widely, with 163 out of 173 digital assets in the Coindesk Market Index posting daily gains. Ethereum (ETH) remained near $3,200, underperforming with a 1.5% advance. Funding rates for certain altcoins and memecoins turned deeply negative, indicating potential for a significant upward move driven by a short squeeze.
- Shiba Inu Snags $12M Funding, Plans Layer 3 Blockchain, Utility Token
- Apr 23, 2024 at 05:01 am
- The Shiba Inu team has secured $12 million by selling its yet-to-be-released token, TREAT, to non-U.S. venture capital investors, including Polygon Ventures and Mechanism Capital. Lead developer Shytoshi Kusama clarified that despite appearances, none of the investors are based in the U.S., addressing concerns about U.S. involvement. TREAT, a utility and governance token for Shiba Inu's Layer 3 blockchain, will be the final non-stable token within the ecosystem.
- Bitcoin Halving Triggers Trading Fee Surge and Unforeseen Miner Revenue Increase
- Apr 23, 2024 at 05:01 am
- Bitcoin trading fees reached an all-time high during the network's halving event due to increased activity surrounding the launch of Runes, a protocol that facilitates memecoin trading on Bitcoin. While halving typically decreases mining revenue, the surge in trading fees tripled miners' earnings, balancing out the 50% reduction in Bitcoin rewards. The Runes upgrade enhances Bitcoin's utility, attracting developers and potentially leading to sustained transaction activity that could support miner revenue and mitigate the impact of future halving events.
- Mt. Gox Reimbursement Plan Makes Progress: Creditors Receive Detailed Updates
- Apr 23, 2024 at 05:01 am
- On April 23, 2024, Mt. Gox, the defunct bitcoin exchange, made updates to creditor accounts, indicating amounts and dates for fiat currency and cryptocurrency repayments. Creditors reported receiving emails from Bitstamp and Kraken about completed identity verifications for their crypto accounts, which qualify for bitcoin and bitcoin cash repayments. Additionally, some creditors have received fiat currency repayments in their bank accounts with no transaction fees.
- Crypto Market Shakeup: Litecoin and Fetch.AI Plunge While ETFswap Soars in Bearish Climate
- Apr 23, 2024 at 05:00 am
- In April 2024, a market correction caused Bitcoin (BTC) and Ethereum (ETH) to跌 below their support levels. Litecoin (LTC) dipped below $80, while Fetch.AI (FET) faced a potential further price drop. Despite the bearish trend, ETFswap (ETFS) has flourished, boasting successful sales and features like staking and leverage trading. Experts predict a 10,000% surge for ETFS, attracting investors to its presale and the possibility of significant returns.
- BlockDAG Skyrockets in Presale, Surpassing $19 Million: Ushering in a New Crypto Craze
- Apr 23, 2024 at 05:00 am
- The crypto market is experiencing a surge in momentum, with BlockDAG's presale reaching $19 million, Uniswap asserting its dominance in decentralized exchanges, and Ronin hitting unprecedented all-time highs. BlockDAG's success stems from its game-changing roadmap, attracting significant investments and offering the potential for high returns. Uniswap and Polkadot continue to shape the DEX landscape, while Ronin's meteoric rise highlights the growing demand for gaming cryptocurrencies.
- Ledger and MoonPay Amp Up Crypto Convenience with Enhanced Partnership
- Apr 23, 2024 at 04:59 am
- Ledger and MoonPay have expanded their partnership, giving Ledger Live users instant crypto access. Through this partnership, MoonPay's features like Swap and Sell will be available on Ledger Live, enabling users to easily swap and sell cryptos. A limited-edition "Ledger x MoonPay" Nano X will also be released, which includes crypto vouchers and a Ledger Recover subscription.
- Base Network: Memes Fueling Layer-2 Adoption
- Apr 23, 2024 at 04:46 am
- Jesse Pollak, the mastermind behind Base, believes memes are crucial for attracting users to his layer-2 network. Since March, Base's total value locked (TVL) has tripled, with memecoins playing a significant role. Pollak, speaking at a memecoin hackathon, highlighted their potential to drive adoption, citing an influx of users due to memes. The Ethereum Dencun upgrade in mid-March led to reduced fees and increased memecoin transactions, resulting in Base's TVL skyrocketing by 250%. Pollak believes memes will continue to drive Base's growth, fostering community engagement and user acquisition.
- Pepe Coin Surges Amidst Whale Action, Rivaling Dogwifhat Dominance
- Apr 23, 2024 at 04:41 am
- Frog-themed meme coin Pepe (PEPE) has experienced a 17% surge in value over the past 24 hours, reaching a valuation of $2.86 billion, closely rivaling its competitor, Dogwifhat (WIF). This rise is attributed to increased whale transactions and favorable technical indicators, leading to a breakout from a multi-month re-accumulation phase. Pepe's trading volume of $1 billion significantly exceeds that of WIF and Shiba Inu, and the number of Pepe holders has grown by 643 in the past day.
- Bitcoin Mining Revenue Soars Post-Halving Amidst Transaction Fee Boom
- Apr 23, 2024 at 04:40 am
- The recent Bitcoin halving event has triggered a surge in miner revenue to $107 million per day. Despite reduced block rewards, transaction fees have soared to unprecedented levels, contributing $80 million to the revenue stream. This development highlights the profitability of Bitcoin mining and the growing importance of transaction fees as miners adjust to the halving.
- Thailand Tightens Grip on Crypto to Curb Laundering
- Apr 23, 2024 at 04:36 am
- To combat cryptocurrency-related money laundering, Thailand's SEC intends to block access to unauthorized crypto platforms. The move follows a meeting with a government committee and aims to restrict the operations of platforms identified as non-compliant. The SEC has created a verification website to aid investors in determining the legitimacy of platforms, while specific disqualification criteria remain undisclosed. This crackdown aligns with efforts to curb illicit activities, similar to actions taken in India and the Philippines.
- Bitcoin Halving: Impact on Investors, Miners, and Crypto Industry
- Apr 23, 2024 at 04:31 am
- The Bitcoin halving, an event that occurs every few years, transpired on April 19, 2024, reducing the block reward from 6.25 to 3.125 Bitcoin, causing the price to hold steady at $63,907. While the halving generally has minimal impact on online Bitcoin transactions, including crypto gambling, it can significantly affect miners' profits and companies with significant Bitcoin holdings. Additionally, it may not immediately influence Bitcoin's price as it has in the past due to increased demand and high interest rates.
- Finland's Tax Authority Uncovers $31.9M in Unreported Crypto Profits, Demanding $10.6M in Taxes
- Apr 23, 2024 at 04:30 am
- Finland's Tax Authority has identified €30 million in undeclared cryptocurrency profits, resulting in a €10 million tax demand. The authority notes the effectiveness of its monitoring system and emphasizes the obligation to report cryptocurrency earnings, with penalties for non-compliance. Despite increased information sharing with cryptocurrency exchanges, many individuals still fail to declare crypto income, leading to the tax administration's emphasis on accurate reporting for 2023.
- FTX Bankruptcy Auction Draws Crypto Giants for $6.3 Billion Locked Solana Tokens
- Apr 23, 2024 at 04:30 am
- FTX's bankruptcy estate is preparing to auction off a second batch of Solana (SOL) tokens, estimated to be worth billions of dollars. Large crypto investment firms, including Pantera Capital, are expressing interest in the auction. The estate previously sold $1.9 billion worth of SOL at $60, with the tokens now trading at over $150. Despite concerns from opposing creditors, FTX plans to auction the tokens, leaving the price to be determined by competing investors.
- Cryptocurrency Soars Amidst Geopolitical Turmoil, Boosted by Bitcoin Halving Event
- Apr 23, 2024 at 04:30 am
- Despite being perceived as risky assets, cryptocurrencies tend to thrive during geopolitical conflicts. As tensions rise between Israel and Hamas, political divisions in the US escalate, and recession fears persist, a scenario similar to that of 2012, 2016, and 2020 emerges. These conditions have historically led to significant crypto rallies, particularly following Bitcoin halving events. The Fourth Bitcoin Halving, which occurred last week, is expected to ignite a new bull market, potentially leading to substantial gains for select cryptocurrencies.
- RFK Jr.'s Game-Changing Blockchain Pledge: Unlocking Government Spending Transparency
- Apr 23, 2024 at 04:30 am
- Robert F. Kennedy Jr., an independent presidential candidate, has proposed using blockchain technology to increase transparency in government spending. Kennedy Jr. believes that placing the U.S. budget on the blockchain would allow every American to monitor budget items in real time, preventing wasteful spending. Despite his pro-crypto stance, Kennedy Jr. remains a fringe candidate with low poll numbers and a controversial reputation.
- Cardano's Price Falls, Raising Concerns Among Investors
- Apr 23, 2024 at 04:30 am
- Cardano's (ADA) recent price action has broken below the lower boundary of its long-term upward trend channel, indicating a potential reversal or period of consolidation. Key support and resistance levels are at 0.46 and 0.66, respectively. A negative volume balance suggests weakening momentum and potentially decreased buying interest or increased selling pressure in the short term.
- Numismatic Gem: Pristine Type 1 1913 Buffalo Nickel Proof Surfaces at GreatCollections Auction
- Apr 23, 2024 at 04:22 am
- A rare and highly graded 1913 Type 1 Buffalo Nickel, offered by GreatCollections, is up for auction. The coin, graded PCGS Proof-68, features James Earle Fraser's iconic designs and stands apart from Type 2 nickels due to the bison's position on raised earth, a design element later altered for practical reasons. Estimated at $100,000, similar Proof specimens have recently sold for $80,000-$90,000, with the current bid at $10,000.