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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
- PDVSA Boosts Tether Usage to Defy US Sanctions, Fueling Stablecoin Market
- Apr 23, 2024 at 09:00 pm
- In an effort to bypass US sanctions and increase oil exports, Venezuela's state oil company, PDVSA, is accelerating the adoption of the Tether (USDT) stablecoin. The US Treasury Department's recent move to end general licenses for PDVSA has made it more challenging for companies to engage in transactions with Venezuela, prompting the state oil company to explore alternative payment methods. PDVSA has been gradually shifting oil sales to Tether since 2023, and this latest move signals a further embrace of cryptocurrency as a means of circumventing sanctions.
- Venezuelan Oil Company PDVSA Turns to Crypto in Light of US Sanctions
- Apr 23, 2024 at 09:00 pm
- To circumvent renewed sanctions on Venezuela's oil industry, the state-owned oil company PDVSA is turning to cryptocurrency, particularly Tether (USDT), for crude oil and fuel exports. By using USDT, PDVSA aims to mitigate the risk of frozen revenue in foreign bank accounts due to sanctions. However, the transition to cryptocurrency for oil transactions poses compliance concerns and potential profit reductions due to intermediation.
- Au Bon Coin: A Gastronomic Gem Celebrating the Art of Parisian Bistronomy
- Apr 23, 2024 at 09:00 pm
- Forbes's monthly culinary address selection is here. This second edition features a century-old bistro and a charming but inconsistent bistro-chic spot. The address of the month: Au bon coin, an institution that has just celebrated its 120th anniversary. Julien Guillet, the owner, and his chef Emmanuel Chanois offer refined and beautifully executed French bistro cuisine without the frills of pretentious "bistronomy." Highlights include eggs cocotte with chorizo cream, snail profiteroles with garlic cream, and a meltingly tender shoulder of lamb confit.
- Ethereum Navigates Market Turbulence with Mixed Signals and Fundamental Dynamics
- Apr 23, 2024 at 09:00 pm
- Ethereum (ETH), a bellwether for the cryptocurrency industry, has been navigating choppy waters, with its price hovering around $3,174. Despite breaches of the $3,000 mark, the altcoin king faces downward pressure due to a significant decline in Open Interest behind ETH futures contracts. Amidst the uncertainty, historical precedents suggest Ethereum's resilience, while social sentiment remains mixed. Fundamental metrics indicate slower network growth but ongoing accumulation. Key resistance levels remain in focus, with the potential for a bullish breakout or continued correction influenced by broader market dynamics.
- Ethereum's Tumultuous Trajectory: Market Dynamics and Investor Sentiment
- Apr 23, 2024 at 09:00 pm
- As the leading cryptocurrency, Ethereum's price trajectory closely mirrors the volatility of the broader crypto market. Currently hovering around $3,174, Ethereum faces downward pressure due to repeated breaches of the $3,000 level and declining Open Interest in futures contracts. Despite these headwinds, historical precedents and fundamental metrics suggest potential resilience and opportunities for recovery.
- Bitcoin Mining's Continued Viability in the Wake of Halvings
- Apr 23, 2024 at 09:00 pm
- Despite halving, where miners' Bitcoin rewards are cut in half every four years, the community manages to remain profitable. How do they achieve this despite diminishing earnings and substantial costs? Learn more about these strategies, including the importance of rising Bitcoin prices, the pursuit of cheap electricity, exploiting network fees, and adapting to market fluctuations.
- Akash and Gnosis Soar Amid Market Upheaval
- Apr 23, 2024 at 09:00 pm
- April 23rd witnessed significant changes in the cryptocurrency market, with Akash Network and Gnosis leading the growth. Akash Network reached a high of US$6.26, while Gnosis saw a 6.36% increase, showcasing optimism in the market. Other altcoins like Pepe, Bittensor, Immutable, Stacks, Kaspa, Pendle, NEAR Protocol, and Arweave also performed well, attracting significant inflows and indicating positive momentum in the industry.
- BlockDAG Storms the Crypto Presale Market, Poised for Stellar Returns
- Apr 23, 2024 at 09:00 pm
- BlockDAG, with its innovative moon keynote teaser and 30,000x return potential, has captivated the crypto market, outshining events like Shiba Inu's burn rate surge and Litecoin's price fluctuations. The presale has raised $19.8 million, demonstrating investor confidence in its Directed Acyclic Graph (DAG) technology, which enhances scalability and expands DeFi applications. BlockDAG's ambitious marketing strategy, roadmap insights, and forecasted 4900% return from the presale price position it as a promising investment opportunity.
- BEFE Coin's Meteoric Rise Disrupts Crypto Market as Meme Token Soars
- Apr 23, 2024 at 09:00 pm
- The BEFE coin, a parody token initially, has gained significant popularity and become one of the most traded tokens. With its focus on community building, increasing cash flow, and promoting blockchain adoption, BEFE has attracted interest from crypto projects. Its technical association with the Bitgert chain provides an edge, contributing to its rapid growth and positive trading performance characterized by increasing volume, low volatility, and positive market sentiment.
- CCI Launches Comprehensive Market Study of India's AI Landscape
- Apr 23, 2024 at 09:00 pm
- The Competition Commission of India (CCI) seeks an agency to conduct a market study on artificial intelligence (AI) and its evolving landscape. This study will assess critical AI systems, emerging and potential competition issues, and regulatory frameworks governing AI in India and other jurisdictions, with implications for competition, efficiency, and innovation in key user industries. The deadline for proposal submission is June 3rd, aiming to enhance understanding of AI's transformative capabilities and mitigate potential competition concerns.
- Cryptocurrency Adoption Skyrockets in the Middle East: Bitget Research Report Unveils Trends
- Apr 23, 2024 at 09:00 pm
- Bitget Research's report delves into the growing adoption of cryptocurrencies in the Middle East, driven by factors such as the approval of BTC spot ETFs and the increasing market value of crypto assets. Centralized exchanges dominate the region's trading landscape, with users preferring international platforms for their wider asset selection and liquidity. Decentralized exchanges are gaining popularity, with users opting for platforms supporting Solana, BSC, and Ethereum blockchains. The Middle East's crypto acceptance is expected to reach 700,000 users by the end of 2024, supported by government initiatives and educational efforts.
- Monumental Surge Drives Pepecoin and Option2Trade to Unprecedented Heights
- Apr 23, 2024 at 09:00 pm
- In an unprecedented surge within the cryptocurrency realm, meme coin Pepecoin (PEPE) and DeFi platform Option2Trade (O2T) have soared by an astonishing 500,000%. This phenomenal growth showcases the dynamism of the crypto market, highlighting these tokens as exceptional success stories.
- Octoblock Shines as a Beacon of Stability amid Crypto Market Turbulence
- Apr 23, 2024 at 09:00 pm
- Amidst market volatility, Octoblock (OCTO) emerges as a safe haven with stable returns through its ICO staking. Despite the decline in Ethereum (ETH) and BNB prices, Octoblock's innovative staking mechanism provides consistent rewards to investors in the form of weekly airdrops. Through its Nautilus Trove, OCTO holders receive a substantial percentage of the ecosystem's revenue and a portion is allocated to non-profit organizations dedicated to marine conservation.
- DAO Maker's Broken Promise to Reimburse Hack Victims Raises Liability, Ethics Questions
- Apr 23, 2024 at 09:00 pm
- Despite victims claiming the project never reimbursed losses from a 2021 hack, the DAO Maker crypto fundraising platform seeks millions in funding for Web3 projects in 2024. Victims allege negligence by the platform, which allegedly promised but failed to compensate losses due to a private key compromise. They claim DAO Maker canceled the reimbursement plan through a manipulated proposal and deleted evidence of its failure. The platform, separate from the MakerDAO stablecoin protocol, offers various token offerings systems. However, alleged mismanagement and cover-up of the USDR redemption process have led to investor grievances and claims that the project left victims with worthless tokens.
- Defi's Supernovas: Pepecoin and Option2Trade Blaze Through the Landscape
- Apr 23, 2024 at 09:00 pm
- As the DeFi sector gains momentum, investors eye Pepecoin (PEPE) and Option2Trade (O2T) for explosive growth potential. Pepecoin, a meme coin, relies on viral branding and community support. Option2Trade, dubbed the 'Millionaire Matchmaker,' showcases a robust platform integrating DeFi protocols with a user-friendly interface. Both tokens offer unique advantages: Pepecoin's rapid gains through viral popularity, while Option2Trade's long-term value through sustainable DeFi practices. Market analysts predict significant growth for both tokens, as they complement each other to dominate the DeFi landscape.
- Cosmos Blockchain Bug Patched, Preventing Potential $150 Million Hack
- Apr 23, 2024 at 09:00 pm
- Asymmetric Research, a contributor to the Wormhole protocol, discovered a "reentrancy vulnerability" in the Cosmos blockchain ecosystem that could have potentially compromised over $150 million. Despite the severity of the bug, it was privately disclosed and patched before any exploitation occurred, according to Asymmetric and Amulet, the Cosmos bug bounty program operator.
- Crypto Market Rocked by Economic Uncertainty, Bitcoin Plunges 20%
- Apr 23, 2024 at 09:00 pm
- Cryptocurrency continues to evolve, with new developments emerging daily. From the latest news and market updates to price charts and analysis, this article provides a comprehensive overview of the crypto landscape. Stay informed about Bitcoin, Ethereum, and other altcoins, as well as the latest trends in DeFi, NFTs, and Web3.
- Chennai Super Kings and Lucknow Super Giants Lock Horns in High-Stakes IPL Showdown
- Apr 23, 2024 at 08:59 pm
- In the 39th match of the 2024 Indian Premier League, Lucknow Super Giants captain K.L. Rahul opted to field first against Chennai Super Kings at the M.A. Chidambaram Stadium. Both captains acknowledged the presence of dew and anticipated its impact on the match. CSK made one change, bringing in Daryl Mitchell for Rachin Ravindra, while LSG maintained their previous lineup.
- Raffle Coin Presale Ignites Optimism for Raffle Market and Blockchain Future
- Apr 23, 2024 at 08:58 pm
- Raffle Coin's successful presale indicates a resurgence in optimism for the raffle market, while Celestia's Blobstream deployment on Arbitrum and Sui's partnership with DRIFE showcase advancements in blockchain infrastructure within DeFi. Despite market risks, Raffle Coin's innovative platform and commitment to transparency attracts investors, offering early-stage investment opportunities with high growth potential.
- Actor Lim Ye-jin's Coin Nightmare: Lesson in Financial Caution
- Apr 23, 2024 at 08:56 pm
- South Korean actor Lim Ye-jin disclosed his unfortunate experience with cryptocurrency investments on the SBS entertainment show 'Dolling For Man.' Lim shared that an acquaintance had persuaded him to invest in coins, promising a substantial return if he deposited 20 million won. However, after making the purchase, he witnessed a swift decline in the value of his investment, losing a significant portion of his funds.