|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 Repayment Update: Hope Surges as Compensation Signals Approach
- Apr 23, 2024 at 10:45 am
- Mt. Gox users have received positive repayment updates, indicating progress towards compensation for lost funds. Repayment data shows new information on Bitcoin, Bitcoin Cash, and fiat currency compensation. Fiat currency payments have commenced for some creditors, sparking optimism among the affected community. The inclusion of crypto repayments in the updated data table suggests imminent compensation for Mt. Gox users.
- Cronos and Galxe Team Up for Spring Odyssey Campaign to Empower Blockchain Community
- Apr 23, 2024 at 10:44 am
- Cronos and Galxe join forces to launch the Spring Odyssey campaign, a groundbreaking initiative designed to foster community engagement and incentivize participation in the blockchain ecosystem. By leveraging Galxe's innovative platform, Cronos aims to enhance user interaction and drive adoption of its cutting-edge technology, offering a diverse range of rewards and interactive challenges to captivate participants.
- Sunak's Election Bet: Ramped-up Rwanda Flights, Labor's Threat
- Apr 23, 2024 at 10:42 am
- With the approaching election, Prime Minister Rishi Sunak aims to make "We'll stop the boats, Labour will stop the flights" his campaign slogan. During a Downing Street press conference, Sunak announced the expansion of the Rwanda scheme, aiming for multiple monthly flights before the autumn election. This ambitious move demonstrates Sunak's belief that a large-scale implementation of the policy will deter Channel crossings. However, the effectiveness of the Rwanda scheme remains uncertain, with Tory rebels expressing doubts about its deterrent capabilities and the Home Office lacking a clear timeline for its success.
- Iconic ‘Buy Bitcoin’ Sign from 2017 Congressional Hearing Set to Hit Auction Block
- Apr 23, 2024 at 10:42 am
- A rare and iconic "Buy Bitcoin" sign, first seen during a 2017 congressional hearing, is currently up for auction with a bidding war driving the price to over USD $140K. As the auction draws to a close, only two bidders remain: Jeff and bitpaint, with each bid surpassing the 2 BTC mark.
- Pi Network's PI Token Soars Amid IOU Market Speculation
- Apr 23, 2024 at 10:32 am
- Pi Network's native token, PI, has experienced a surge in value, now trading near its IOU price of $47. Despite the ongoing testnet status of Pi Network, the token's IOUs are being traded on exchanges such as HTX and BitMart. The jump in price is attributed to a recovery from a previous 98% drop on CoinMarketCap, excluding exchanges with significantly fluctuating prices. High selling pressure remains, with numerous scam attempts targeting users. Despite marginal recovery, the Pi coin price is expected to remain range-bound in the absence of significant bullish cues.
- ChatGPT Predicts Cautious Rise for Shiba Inu in 2024
- Apr 23, 2024 at 10:28 am
- OpenAI's ChatGPT, the renowned conversational AI-powered chatbot, has provided its insights on Shiba Inu's (SHIB) price trajectory. Utilizing a jailbreak prompt, ChatGPT predicts a modest increase for SHIB, forecasting it to reach $0.0000305 by May 1, 2024. This prediction is based on an analysis of historical data, current market conditions, and ongoing developments within the Shiba Inu ecosystem.
- Neo X Beta TestNet Unveils Interoperability and Governance Advancements
- Apr 23, 2024 at 10:27 am
- Neo has released the Neo X Beta TestNet, introducing multi-node governance and an upgraded bridge connecting Neo N3 and Neo X. Unlike Neo N3's dual token model, Neo X utilizes GAS as both a utility and governance token. The bridge now supports both deposits and withdrawals of GAS and features security enhancements, role management, and preparations for ERC-20 and NEP-17 asset support.
- Bitcoin Soars Post-Halving; Mining Stocks Surge on Price Anticipation
- Apr 23, 2024 at 10:22 am
- Following the Bitcoin halving event, the cryptocurrency has experienced a modest uptrend, recovering to the $66,000 mark within a week. In contrast to expectations of a halving-induced surge, Bitcoin mining stocks have exhibited remarkable growth, with Riot Platforms and Marathon Digital Holdings witnessing significant increases. The influx of investors attracted by undervalued prices and the anticipation of rising Bitcoin prices have fueled this rally in mining stocks.
- Bitcoin's Vital Role in Economic Stability Amidst Chaos
- Apr 23, 2024 at 10:21 am
- The International Monetary Fund's (IMF) recent report highlights Bitcoin's growing significance as a financial tool, particularly in regions experiencing economic turmoil or capital controls. The report analyzes on-chain and off-chain transaction data, revealing that Bitcoin's decentralized nature enables cross-border capital movements, bypassing traditional banking systems. While acknowledging the benefits, the IMF also emphasizes the potential risks associated with cryptocurrency usage and calls for international regulatory oversight to balance innovation with financial stability.
- Spot Bitcoin ETFs Gain Momentum Despite Recent Slowdown in Demand
- Apr 23, 2024 at 10:20 am
- This year, the United States approved spot funds for Bitcoin, attracting significant investor attention and resulting in an influx exceeding $13 billion. Despite outperforming gold ETFs, demand for spot Bitcoin ETFs has slowed down, potentially due to factors such as the recent Bitcoin halving, geopolitical tensions, and risk balancing by investors. Experts predict a temporary decline in demand, with expectations of a recovery after the halving. Additionally, some industry analysts anticipate a supply shock for centralized exchanges in the coming year, with Bitcoin reserves potentially depleting in the next nine months.
- NFT Market Booms in 2024, Shaping the Digital Asset Landscape
- Apr 23, 2024 at 10:16 am
- In 2024, the NFT market has experienced remarkable growth and diversification. Leading projects like Bored Ape Yacht Club, Sad Girls Bar, Crypto Chicks, World of Women, and Boss Beauties showcase the potential of NFTs to redefine digital artistry, foster communities, drive social change, and offer utility beyond mere collectibles. These initiatives harness the power of blockchain technology to forge meaningful connections and create positive societal impact, propelling the NFT market towards a promising future characterized by innovation, inclusion, and real-world applications.
- Ripple Files Motion to Strike SEC Expert Submissions in XRP Saga
- Apr 23, 2024 at 10:16 am
- Amidst the ongoing legal battle with the SEC, Ripple Labs Inc. has filed a motion to strike newly introduced expert materials, arguing that the SEC's timing and strategy constitute unfair practice. Ripple challenges the late submission of an expert declaration and accompanying exhibits, alleging that it was untimely and not disclosed during the designated discovery period.
- Bitcoin Halving Triggers Massive Supply Shock, Sending Prices Soaring
- Apr 23, 2024 at 10:12 am
- Following the successful completion of Bitcoin's fourth halving event on April 19th, analysts and enthusiasts anticipate a substantial supply shock due to reduced mining rewards. This halving, an integral part of Bitcoin's design, promises to reshape supply dynamics, potentially leading to a significant price surge as seen in historical precedents. The halving mechanism reduces the block reward for miners, creating an imbalance between supply and demand as institutional buying continues unabated. U.S. Bitcoin spot ETFs alone are accumulating an average of 3,000 BTC daily, outpacing the current production rate of 450 BTC. Additional ETFs in Hong Kong and Australia are expected to further increase demand, exacerbating the supply shock and potentially driving Bitcoin to new all-time highs.
- Polkadot Soars Amid Industry Rebound, Predicted for a 79% Bullish Surge
- Apr 23, 2024 at 10:06 am
- Amid the ongoing cryptocurrency recovery, Polkadot (DOT) price surged 5% to $7.44. The mid-cap altcoin, valued at $10.6 billion, is poised for a potential 79% rally to $15 in the coming weeks, as per crypto chartist World of Charts. This bullish outlook stems from DOT's consolidation in a bullish pennant on the four-hour time frame, with support at $6.6 and a rebound on the weekly 50 MA. Polkadot's strong fundamentals and real-world use case as a layer-zero metaprotocol for interoperability in web3 protocols contribute to its growing popularity and adoption potential.
- Ripple Counters SEC's $2 Billion Penalty Demand, Files Rebuttal
- Apr 23, 2024 at 10:06 am
- Ripple Labs contested the SEC's request for close to $2 billion in fines stemming from the sale of XRP to institutional investors, arguing the figure should not exceed $10 million. Ripple maintains that its sales did not constitute unregistered securities and that the SEC's request is excessive given the absence of fraud or recklessness allegations. Despite a ruling that some XRP sales violated securities laws, Ripple claims to have adjusted its practices to comply with the court's findings.
- Crypto Detective Busts $26.7M Solana Meme Token Scam: 12 Projects Vanish Post-Presale
- Apr 23, 2024 at 10:03 am
- Crypto detective ZachXBT reveals that 12 Solana meme token projects abandoned their projects by failing to launch the tokens after raising $26.7 million worth of Sol coins through pre-sales. ZachXBT stresses the importance of caution when investing in projects backed by individuals associated with these malicious schemes, highlighting the prevalence of similar scams in other crypto networks beyond Solana.
- Bittensor Poised for Surge Amidst Market Turmoil
- Apr 23, 2024 at 10:03 am
- Bittensor (TAO) witnessed a substantial 11.14% surge against the US Dollar today. Notably, it outperformed Bitcoin (BTC) and Ethereum (ETH), rising 7.79% and 8.88%, respectively. However, TAO remains 21.89% below its predicted value on April 27, 2024. Despite a 981.68% surge over the past year, TAO has retreated 8.52% in the last month. Our prediction suggests an optimistic outlook, expecting a 30.44% price increase for TAO within the next five days, reaching $670.02.
- Blockchain Innovators Surge: Pushd, Furrever, and BlockDAG Lead the Charge in E-Commerce and Crypto Presales
- Apr 23, 2024 at 10:02 am
- In the realm of crypto presales, BlockDAG emerges as a formidable force, securing an impressive $19.3 million in funding and poised for further growth with its innovative blockchain technology. As Pushd redefines e-commerce with enhanced transaction security, and Furrever's token presale gains traction, BlockDAG sets itself apart with a compelling whitepaper and captivating lunar teaser, heralding potential returns of up to 30,000x.
- Toncoin Price Forecast: 29.95% Surge Predicted in 5 Days
- Apr 23, 2024 at 10:01 am
- Toncoin's price prediction for the next five days is a 29.95% increase, to reach $7.76. In the last 30 days, TON has gained 20.75%, while its yearly increase is 155.63%. Technical indicators show a Neutral sentiment, with 16 bullish and 12 bearish predictions. The Fear & Greed index is at 73, indicating Greed in the crypto market. Key support and resistance levels are $6.01, $5.88, $5.74, $6.28, $6.42, and $6.55.
- 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.