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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
- Mt. Gox Users Receive Payments, Offering Hope Amidst Market Concerns
- Apr 23, 2024 at 10:01 am
- Following the confirmation of eligible users three months prior, Mt. Gox has commenced repaying its users, offering hope for those affected by its infamous hack a decade ago. However, concerns arise regarding the potential impact of the released coins on Bitcoin market prices, as the trustee prepares to distribute 200,000 BTC. The timing and strategy of users in holding or selling their BTC and Bitcoin Cash will significantly influence Bitcoin's long-term price trajectory, as the release of these funds could potentially dampen its ongoing recovery.
- Hut 8's Strategic Expansion Positions It for Post-Halving Dominance
- Apr 23, 2024 at 10:01 am
- Benchmark initiates coverage of Hut 8 stock with a $12 price target, citing its diversified revenue streams from self-mining, cloud computing, HPC, and AI services. The analyst expects Hut 8 to close the gap with self-mining leader Marathon Digital over time and believes its enterprise value-to-revenue multiple of 2.6 makes it undervalued compared to peers. Hut 8 holds 9,102 Bitcoin in reserve, providing a liquidity cushion and potential upside if BTC rallies.
- BlockDAG: Cryptocurrency Revolutionizing Digital Finance with Groundbreaking DAG Tech
- Apr 23, 2024 at 10:01 am
- Among the top cryptocurrencies, BlockDAG emerges as a groundbreaking project with its revolutionary Directed Acyclic Graph (DAG) architecture. Its presale has raised a remarkable $19.4 million, with experts predicting a 30,000x ROI and a potential price of $30 by 2030. BlockDAG's exceptional scalability and security position it as a superior alternative to traditional blockchains, leading the charge in the cryptocurrency boom and offering investors a promising investment opportunity.
- Mt. Gox Repayments Spark Hope for Victims, Market Volatility in Sight
- Apr 23, 2024 at 10:00 am
- Mt. Gox users have begun receiving repayments from the infamous hack over a decade ago, marking a significant development in the long-awaited process. However, concerns arise regarding the potential impact on the Bitcoin market due to the expected selling of BTC and Bitcoin Cash by users. The trustee has been updating the redemption tables for transparency, while users face challenges such as failed transfers and extended deadlines. As payments continue, the timing of the repayment and the users' strategy toward holding or selling their BTC and Bitcoin Cash remain critical factors in determining the long-term effects on Bitcoin's price.
- BlockDAG: Emerging Crypto Outshines Ethereum and Binance, Eyes Market Cap of $600 Million
- Apr 23, 2024 at 10:00 am
- Amidst the bearish market sentiment, BlockDAG stands out as a promising investment, backed by its innovative Directed Acyclic Graph technology that offers superior scalability. With its recent technical advancements, strategic presale reaching $19.5 million, and expert predictions of a remarkable rise to $20 by 2027, BlockDAG is poised to make substantial gains, offering investors a unique opportunity for exceptional returns.
- Polkadot Primed for Bullish Run as Technicals and Market Signals Surge
- Apr 23, 2024 at 10:00 am
- Polkadot (DOT) exhibits bullish momentum, with increased open interest and a potential breakout above the $7.5 resistance level. Market indicators, such as a drop in funding rate and a bullish MACD crossover, support a positive outlook. However, bearish sentiment persists, as indicated by a decline in weighted sentiment and social volume.
- Dogecoin's Resilience Amidst Market Volatility Sparks Optimistic Predictions for 2024
- Apr 23, 2024 at 10:00 am
- Dogecoin (DOGE), influenced by positive market sentiment, has increased in value by 2.5%, reaching $0.1607. Analysts predict a strong 2024 for DOGE, suggesting its potential to outperform other tokens and possibly rally towards $1, representing a significant 700% increase.
- Top 5 Meme Coins to Add to Your Portfolio
- Apr 23, 2024 at 10:00 am
- Investing wisely is essential for those looking to overcome economic challenges. Saving in traditional banks has never solved any problems due to inflation and other economic issues. The cryptocurrency market has surged its market capitalization to over $2.6 trillion, with meme coins taking a considerable share of the market. What started as a joke has evolved into a multi-billion dollar industry, with top meme coins witnessing massive adoption. This article reviews the best meme coins poised to see major price increases in the coming months. For investors looking to build wealth through crypto, these are must-have tokens in your portfolio.
- Navigating Market Volatility: Polkadot, Shiba Inu, and the Rise of BlockDAG
- Apr 23, 2024 at 10:00 am
- Amidst market volatility where Polkadot endures significant losses, BlockDAG emerges as a beacon of innovation with its revolutionary hybrid technology. While Shiba Inu experiences modest gains, BlockDAG stands apart, blending DAG and blockchain strengths to enhance transaction speed and efficiency. Positioned as the best crypto to buy in 2024, BlockDAG has surpassed $19.5 million in presale, showcasing its potential for long-term growth.
- BCH and Toncoin Diverge, BlockDAG Soars as Crypto Innovator
- Apr 23, 2024 at 10:00 am
- Bitcoin Cash (BCH) price corrects after a 133% increase, testing support levels near $480. Meanwhile, Toncoin (TON) diversifies its ecosystem with the incorporation of Memelandia, a memecoin hub. BlockDAG Network unveils ambitious plans, including a moon-based keynote, robust presale strategy, and a significant presale price increase from $0.005 to $0.006, anticipating a potential 30,000x ROI by 2027.
- BlockDAG: Cryptocurrency Rising Star Boasts Technological Breakthroughs and Market Dominance Potential
- Apr 23, 2024 at 10:00 am
- Amidst market gains for Ethereum Classic and whale transactions driving Fantom toward $1.61, BlockDAG stands out as a promising investment. Its innovative mining technology, coupled with presale success of $19.5 million and an anticipated price increase to $0.006, position it as a leader in crypto mining. BlockDAG's commitment to democratizing mining through ASIC rigs and user-friendly mobile mining options further enhance its appeal for investors seeking substantial long-term returns.
- Publicly Traded Bitcoin Miners Surge Post-Halving, Riding Market Rebound
- Apr 23, 2024 at 09:57 am
- On Monday, U.S. crypto-related stocks surged alongside a broader market upturn, with some experiencing double-digit percentage gains just days following the Bitcoin halving. The top five publicly traded Bitcoin miners by market cap, including Marathon Digital, CleanSpark, Riot Platforms, Cipher Mining, and Hut 8, all reported gains on April 22 and continued to rise in after-hours trading. Overall, U.S. crypto miners witnessed price increases, continuing their rallies from Friday, April 19.
- Solana Scam Surge: 12 Meme Token Projects Vanish with $26.7 Million
- Apr 23, 2024 at 09:57 am
- In the past 30 days, 12 Solana meme token projects have been identified that raised $26.7 million in Sol coins but never launched their tokens. Crypto detective ZachXBT uncovered this scam, sharing a list of the founders involved and advising against investing in future projects backed by them. These are just the identified scams, and there are likely more undisclosed projects preying on investors' greed.
- Dogecoin's Bullish Run: Soar to New Heights or Time for Caution?
- Apr 23, 2024 at 09:50 am
- Should You Buy Dogecoin Now? Currently trading around $0.1609, Dogecoin exhibits positive bullish indicators, with a rising wedge pattern and a bullish signal emerging from the 50-day moving average crossing above the 200-day moving average. However, resistance lies at $0.2864, and definitive support is at $0.1274. Analysts remain optimistic about Dogecoin's future, citing the "7-year cycle theory" and its potential to reach heights of $2, $9, or even $40 in this market cycle.
- Shiba Inu Poised for Post-Halving Surge, Market Analysis and Predictions Point to a Promising Future
- Apr 23, 2024 at 09:48 am
- Shiba Inu's (SHIB) trajectory following Bitcoin's halving in 2024 has become a topic of intense speculation in the crypto market. Optimistic predictions suggest a potential surge to reclaim its previous high of $0.00008845, while expert analysis projects a target of $0.0001553 driven by a pattern similar to its 2021 rally. Market sentiment remains bullish, but investors are advised to exercise caution and conduct thorough research before making investment decisions. The post-halving journey of Shiba Inu will be influenced by various factors, including broader market dynamics, regulatory developments, and investor sentiment.
- Bitcoin Dominance Declines Post-Halving, Signaling Market Rotation
- Apr 23, 2024 at 09:43 am
- Cryptocurrency analyst Michael van de Poppe predicts a market upswing following the conclusion of the Bitcoin halving. Van de Poppe observes a decline in Bitcoin dominance, signaling a market rotation. Despite speculation and high levels of greed, the market appears poised for a shift, with Bitcoin's performance and the halving's impact on miners being closely monitored.
- Stacks Blockchain Unveils 'Nakamoto' Upgrade: Revolutionizing Scalability and Security
- Apr 23, 2024 at 09:35 am
- The Stacks blockchain is receiving the 'Nakamoto' upgrade, which decouples block production from Bitcoin's to improve scalability. The upgrade employs a new proof-of-transfer consensus algorithm and new block signers to manage transaction tenures. Around $1.3 billion in STX is staked on-chain, and the upgrade has led to an automatic unlock of staked tokens for restaking in Nakamoto-compliant pools, coinciding with a 16% increase in STX value.
- Cryptocurrency Funds See Second Week of Outflows Amid Market Turmoil
- Apr 23, 2024 at 09:30 am
- In the past week, cryptocurrency investment funds experienced outflows totaling $206 million, continuing a two-week trend. Altcoins like LINK, DOT, XRP, and ADA saw inflows, while Ethereum and Bitcoin-focused products witnessed significant outflows of $32.2 million and $192.33 million, respectively. The decline in investor interest may be attributed to concerns about sustained high interest rates, but indicators suggest a potential surge in Bitcoin value due to diminishing supply on exchanges and the upcoming halving event.
- Bitcoin Soars Amid Market Surge Driven by Innovation, Optimism
- Apr 23, 2024 at 09:20 am
- Boosted by positive developments and investor optimism, Bitcoin and Ethereum have seen steady growth in value. Polkadot's recent runtime upgrade and Bitcoin ETF inflows have further contributed to the market surge. The Fear and Greed Index indicates a positive sentiment, with several cryptocurrencies experiencing price increases alongside Bitcoin and Ethereum. Notably, Core token has surged by 13.06%, while Nervous Network (CKB) has dropped over 7.70%.
- Milestone in Cryptocurrency History: Bitcoin Halving Reduces Coin Issuance by Half
- Apr 23, 2024 at 09:20 am
- On the evening of May 19th, 10:30 pm Brasília time, the fourth bitcoin halving occurred, a highly anticipated event that cuts the issuance of new bitcoins. The halving, a crucial aspect of the decentralized bitcoin network, reduces miner rewards, causing bitcoin to become scarcer. Each halving approximately occurs every four years, reducing the block reward by half until a maximum of 21 million bitcoins are in circulation.