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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 / 22
- Solana's Community-Driven Meme Coin Smog Rewards Millions for Quest Completions
- Apr 22, 2024 at 11:54 pm
- Solana's community-focused meme coin, Smog, has rewarded over 11 million quests completed during its first two airdrop seasons. Season 1 distributed tokens to holders who completed daily quests and community tasks, while Season 2 assesses on-chain activity and rewards community involvement. The project's partnership with MEXC exchange and listing on the platform further enhances its reach. Despite initial payout delays due to Solana congestion, the team successfully completed the airdrop and announced six more weekly distributions. Smog differentiates itself from other meme coins by encouraging community engagement and offering additional rewards for staking.
- MakerDAO's MKR Token Struggles Amidst Multisign and Whale Activity
- Apr 22, 2024 at 11:50 pm
- MakerDAO's $MKR token has declined by 4% in the past 24 hours and 6% weekly due to significant selling pressure. Multisign 0xbba (likely MakerDAO) has deposited 421.985 MKR to Wintermute Trading OTC at $3,046, adding to its 9,043 MKR deposits since March 17, 2024. Notably, price drops tend to follow these deposits. Additionally, a whale profiting $3.51 million through $MKR transactions has sold 1,500 MKR and recharged 4.48 million USDT into Binance.
- Bitcoin's Halving: A Watershed Moment with Far-Reaching Cryptocurrency Implications
- Apr 22, 2024 at 11:49 pm
- The upcoming halving of Bitcoin rewards, occurring approximately every four years, reduces the reward given to miners, halving it from 6.25 BTC to 3.125 BTC. This is intended to gradually reduce the rate of introduction of new Bitcoins to counteract inflation. While halvings have historically led to price increases for Bitcoin, there is also the possibility of a price drop that could impact miners and slow down the network. However, the halving is expected to have a wider impact on the cryptocurrency industry, with effects on altcoins and the interconnectedness of the market.
- Meme Coins Make a Comeback: BONK Soars 40% Amid Bitcoin Halving
- Apr 22, 2024 at 11:48 pm
- Amidst recent market shifts, meme coins have witnessed a resurgence, with BONK emerging as the breakout star, experiencing a 40% price surge within 24 hours. Technical indicators suggest continued growth potential for BONK and established name FLOKI, supported by positive sentiment shifts, increased trading volume, and bullish chart patterns.
- Sui Overflow Global Hackathon Surpasses $1M Funding, Inviting Developers Worldwide
- Apr 22, 2024 at 11:48 pm
- Sui Foundation has doubled funding for Sui Overflow, a global virtual hackathon focused on developing products on Sui, to $1 million. The funding increase will provide accelerated grant funding, audits, and credits to support successful project launches. The hackathon will award prizes in various categories, including Consumer & Mobile, Infrastructure & Tooling, Gaming, and DeFi, and participants can compete in multiple tracks to stack awards.
- Ripple Braces for $2B SEC Battle: XRP's Fate at Stake
- Apr 22, 2024 at 11:48 pm
- In a pivotal move, Ripple gears up to resist the SEC's $2 billion fine demand, shaping the future of XRP and the crypto market. Following a price surge to $0.54, Ripple's impending response holds significant implications for XRP holders and the broader crypto community. The SEC's accusation of an unregistered securities offering looms large, prompting Ripple to strategize its defense and potentially face hefty penalties. Investors eagerly anticipate Ripple's arguments against potential penalties, fueling a surge in XRP options Open Interest and bullish sentiment. Amidst this anticipation, Ripple's response could determine the cryptocurrency's trajectory and the legal landscape for the industry.
- Crypto Market Soars Despite Dip, Analysts Predict Bullish Future for Altcoins
- Apr 22, 2024 at 11:48 pm
- Despite a recent market dip, investors remain optimistic, with analysts predicting a significant surge for Ripple (XRP) and a strong rally for the meme coin Pepe (PEPE). InQubeta (QUBE), a newly launched AI token, has attracted attention with its impressive presale and ambitious plans to transform the AI fundraising landscape. Analysts anticipate a 75x increase for QUBE by year's end, establishing it as a promising altcoin investment opportunity.
- Echelon Prime Crypto Surges Amidst Bullish Momentum and Growing Social Sentiment
- Apr 22, 2024 at 11:47 pm
- Echelon Prime crypto's price has rebounded after a 50-day EMA retracement, currently trading close to $19.38 with a 1.27% increase. The crypto's market capitalization exceeds $693.4 million, ranking 110th. The bulls may attempt to reclaim previous highs this week, but positive momentum requires volume support, which has decreased by 22.06% today.
- Ethereum Rebounds to $3,200 as Whales and Justin Sun Accumulate
- Apr 22, 2024 at 11:44 pm
- Amidst recent market volatility, Ethereum (ETH) has recovered, surpassing $3,000 and currently trading at $3,200. On-chain data indicates significant accumulation by whales, including Justin Sun's rumored purchase of 127,388 ETH, contributing to the token's uptick. These developments, along with another whale's long position, reflect growing confidence in ETH's potential for future growth.
- Litecoin Reaches Historic Milestone: 12.5 Years of Continuous Uptime
- Apr 22, 2024 at 11:43 pm
- Litecoin (LTC), a pioneering cryptocurrency, has achieved 12.5 years of uninterrupted uptime, showcasing its reliability and resilience. Since its inception in 2011, Litecoin's network has operated without significant downtime, a feat attributed to its robust technology and dedicated development community.
- Bitcoin Halving Spurs Crypto Market Surge: Chainlink, Polygon, and Fetch.ai Soar
- Apr 22, 2024 at 11:43 pm
- Following Bitcoin's highly anticipated halving event, speculation has arisen regarding which cryptos to invest in. While the halving itself may not directly impact prices, previous events have led to exponential gains. Several top cryptos, such as Chainlink, Polygon, and Fetch.ai, are expected to soar in the coming months, offering potential returns ranging from 250% to over 700%.
- Magic Eden Launches Bitcoin Ordinals Platform, Empowering Users with Advanced Rune Creation and Trading
- Apr 22, 2024 at 11:41 pm
- Magic Eden has launched a beta version of its Runes platform, enabling users to swap for BTC and purchase Runes and Ordinals using their Magic Eden wallet. The platform features a Swaps View for setting specific BTC amounts for Rune purchases. Magic Eden, an early supporter of Ordinals, aims to offer a secure platform for token creation and transactions by utilizing UTXO for on-chain data storage. The launch of Runes is seen as an evolutionary step for Bitcoin, with Magic Eden positioning itself as a one-stop-shop for Bitcoin-related services.
- Toncoin Surges, Overshadowing Cardano in Top 15 Amidst Airdrop Frenzy
- Apr 22, 2024 at 11:41 pm
- Amidst "Airdrop April," Toncoin (TON) has surged into the top 15 cryptocurrencies by market cap, capturing the spotlight with a massive airdrop to meme coin traders. TON's ecosystem has experienced exponential growth, surpassing $148 million within 30 days. While the Toncoin price has dipped slightly post-airdrop, it remains a significant performer, outperforming similar altcoins and capturing the attention of investors.
- Bitcoin's Halving Overshadowed by Market Sentiment and Geopolitics
- Apr 22, 2024 at 11:41 pm
- Bitcoin's halving event, a significant change in its technology, has had minimal impact on its value. Market analysts attribute Bitcoin's fluctuations to broader financial market sentiment and geopolitical events. While the halving has historically led to price appreciation, this time around, investors are more influenced by news of regulatory approvals for spot Bitcoin exchange-traded funds (ETFs). Furthermore, concerns about the speculative and risky nature of cryptocurrencies and their limited real-world use linger.
- Nigeria's Crypto Clash: Binance Faces $10B Fine in Escalating Tensions
- Apr 22, 2024 at 11:40 pm
- Binance, a leading cryptocurrency exchange, faces significant pressure from the Nigerian government. Amidst a crackdown on unregistered crypto companies, the government has accused Binance executives of money laundering and seeks a $10 billion fine. The exchange's detained officials have escaped custody, prompting negotiations and international efforts to extradite them. Despite these challenges, Binance remains a major player in the crypto market, with its native chain BSC and coin BNB experiencing growth.
- Solana Memecoin $Gummy Soars, Yielding Unprecedented Returns
- Apr 22, 2024 at 11:39 pm
- In the realm of cryptocurrencies, $Gummy, a memecoin on the Solana blockchain, has soared by an impressive 55%, reaching a peak of $0.1985 before settling at $0.1799. A remarkable story has emerged, where a single trader transformed a $9,770 investment into a staggering $10 million within a single day, a remarkable 1,025-fold return. Strategic maneuvers, including purchasing 97.36 million $GUMMY tokens just before its deployment, and holding onto the investment, have led to this extraordinary success.
- Web 3.0 Revolutionizes Internet with Decentralization and AI
- Apr 22, 2024 at 11:39 pm
- The global Web 3.0 market, estimated at $3.19 billion in 2023, is projected to reach $4.43 billion in 2024, and $16.3 billion by 2028, growing at a CAGR of 38.5% from 2024 to 2028. This growth is driven by concerns about data ownership and privacy, the adoption of blockchain and cryptocurrency, the Internet of Things (IoT), and smart devices. Prominent players like Shardeum are pioneering advancements in the Web 3 space, focusing on decentralization, openness, and immersion through blockchain technologies and semantic web advancements.
- Bitcoin Eyeing New Highs as Bullish Accumulation and Technicals Converge
- Apr 22, 2024 at 11:38 pm
- Bitcoin's price shows mixed signals as it hovers around $66,000. Investors' accumulation, evidenced by declining supply on exchanges, supports a potential price rise. The formation of a Golden Cross on the 4-hour chart further suggests an uptrend. However, the Price Daily Active Addresses (DAA) Divergence indicator signals a potential sell-off, which could push prices down to $61,000 if investors prioritize securing gains.
- Bitcoin Transaction Fees: Indicator of Failure or Success?
- Apr 22, 2024 at 11:37 pm
- Following the Bitcoin halving, gold advocate Peter Schiff criticized the rising transaction fees and slow transaction times, dubbing it a "failure" for BTC. However, BitMEX Research disputed Schiff's claims, arguing that the high fees indicate Bitcoin's popularity and success, while acknowledging their potential to deter usage and adoption. Amidst the debate, Schiff emphasized gold's utility as a currency, stating that it could be tokenized on a blockchain for faster and cheaper transactions.
- BlockDAG Emerges as Game-Changer in Crypto Evolution Amidst Market Boom
- Apr 22, 2024 at 11:36 pm
- Amidst the Avalanche bull run, BlockDAG (BDAG) has emerged as a formidable force in the cryptocurrency market, garnering over $19.3 million in presale investments and solidifying its position as a leader in the industry. Its innovative dual-blockchain and DAG technology, detailed in the recently released V2 DAGpaper, enables scalable and secure transactions, setting new benchmarks for the sector.