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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 / 17- MATIC's Whale Activity Sparks Bullish Outlook, Amidst Market Volatility
- Apr 17, 2024 at 10:52 pm
- Amidst market volatility, Polygon’s MATIC token has garnered attention from large-scale investors known as "whales," who have significantly increased their holdings. This whale activity suggests a bullish outlook on MATIC, but retail investors should consider both whale accumulation and negative market sentiment before making investment decisions.
- Robert Kiyosaki's Bitcoin Evolution: Skeptic to Crypto Evangelist
- Apr 17, 2024 at 10:51 pm
- Robert Kiyosaki, renowned author of "Rich Dad Poor Dad," has transitioned from initial skepticism to becoming a vocal advocate for Bitcoin (BTC) as an investment strategy. Kiyosaki believes Bitcoin offers protection against inflation and central bank policies that disproportionately affect the working class. Despite holding a modest 66 BTC, Kiyosaki sees considerable financial growth potential in the cryptocurrency, especially with the recent SEC approval of a Bitcoin ETF and Hong Kong's approval of spot Bitcoin and Ethereum ETFs.
- US Senators Unveil Bipartisan Stablecoin Bill, Paving Way for FDIC Coverage
- Apr 17, 2024 at 10:50 pm
- In an effort to establish regulatory clarity for payment stablecoins, US Senators Cynthia Lummis and Kirsten Gillibrand have introduced the Lummis-Gillibrand Payments Stablecoin Act. This bipartisan legislation seeks to safeguard consumers, foster innovation, and maintain US dollar dominance within a dual banking system. Key provisions include mandatory one-to-one reserve requirements, prohibiting algorithmic stablecoins, and requiring compliance with anti-money laundering and sanctions regulations. Furthermore, the bill proposes a "receivership regime" with the FDIC to protect customer funds, potentially opening the door to FDIC insurance for stablecoin issuers meeting the established criteria.
- Bitcoin Dip Triggers Solana Sell-Off; Investors Seek Shelter in DTX Exchange's Presale
- Apr 17, 2024 at 10:46 pm
- Amidst Bitcoin's recent correction, Solana (SOL) has faced heavy sell-offs, dropping over 24% to $135. Factors influencing this decline include BTC volatility, declining investor interest, and a bearish outlook. However, upcoming developments, including the v1.17.31 update, could potentially reverse the trend. Additionally, emerging projects like DTX Exchange, backed by a successful private seed sale, have attracted investors seeking explosive gains. With its 1000X leverage and KYC-free hybrid ecosystem, DTX is poised for significant growth, garnering over $230,000 in presales within three days.
- Bitcoin's Halving: Historical Gains in an Uncertain Economic Climate
- Apr 17, 2024 at 10:43 pm
- In just two days, Bitcoin will undergo its fourth mining-reward halving, where the per-block emission will be slashed from 6.25 BTC to 3.125 BTC. Historically, such halvings have resulted in extensive multi-month BTC rallies, generating anticipation for a similar outcome this time. However, Goldman Sachs advises caution against extrapolating from previous cycles, given the contrasting prevailing macro conditions of high inflation and interest rates today.
- Equity Funding Catapults Circle of Games to Web3 Gaming Supremacy
- Apr 17, 2024 at 10:41 pm
- Circle of Games (COG), a multi-gaming platform, has secured $1 million in funding from Nazara Technologies and The Hashgraph Association. The funds will be used to accelerate COG's market expansion, enhance platform capabilities, and bolster its presence in international markets. COG, with its over 250,000 registered users, plans to expand its gaming portfolio from six to over ten games by Q4 2024. COG has implemented multi-chain technology with Hedera as the primary mainnet, empowering players with ownership and control over in-game assets and tokens.
- Buenos Aires City Accuses Worldcoin of Predatory Practices, Threatens Hefty Fine
- Apr 17, 2024 at 10:40 pm
- AbstractThe Buenos Aires provincial government has accused Worldcoin, a US-based iris-scanning company, of violating consumer rights. The complaint alleges the firm's contracts contain "abusive clauses" and lack proper protection for users' personal data, including minors'. Worldcoin faces potential fines if found guilty by the government, which is also concerned about the company's data storage practices and use of foreign laws to govern its services in Argentina.
- South Korean Exchange Upbit Suspends Crypto Transactions Over $721
- Apr 17, 2024 at 10:40 pm
- South Korean crypto exchange Upbit has halted deposits and withdrawals of digital assets worth over 1 million won ($721) following the suspension of services by Ten&Ten, a local virtual asset service provider that facilitated such transactions on Upbit's platform. This decision comes as Upbit takes measures to address the impact of Ten&Ten's service disruptions.
- Bitfinex Unveils Enhanced Platform in Version 1.94 Update
- Apr 17, 2024 at 10:39 pm
- Version 1.94 of the Bitfinex trading platform introduces enhancements to the Spread Ladder, including the disabling of the "Clear" button when the amount value is set to the default. Additionally, the Bitfinex mobile app Android APK file can now be directly downloaded from the homepage and mobile app info page. Bug fixes address issues with Paper trading balances, social media icon visibility, ticker display, and more.
- Memecoin Market Bucks Trend: Pepe (PEPE) Soars Amid Sell-Off Fears
- Apr 17, 2024 at 10:34 pm
- Trending memecoin Pepe (PEPE) defied the broader crypto market downturn, rallying by 6% on April 17. Investor optimism surged, with 69% of Pepe Coin holders currently profitable. However, concerns linger over a potential sell-off due to profit-taking, as evidenced by the market's volatility and the coin's recent price spike.
- Core Chain Unveils Revolutionary Non-Custodial BTC Staking, Transforming Bitcoin into Yield-Generating Asset
- Apr 17, 2024 at 10:32 pm
- Core Chain, a layer-one blockchain built on Bitcoin, announces the launch of non-custodial BTC staking, a historic move that transforms Bitcoin into a yield-bearing asset. Core Chain's unique consensus mechanism, Satoshi Plus, combines DPoW and DPoS, enabling Bitcoin holders to earn yield without wrapping tokens or relinquishing asset control.
- Impending Bitcoin Halving May Stir Ripple Effects on XRP
- Apr 17, 2024 at 10:31 pm
- With the upcoming Bitcoin halving, analysts are speculating the potential impact on XRP. While XRP has not experienced significant growth this bull season, some experts predict a surge to the $1 mark. This projection is based on the historical trend where momentum from Bitcoin halving often spreads to other cryptocurrencies, such as XRP. XRP's positive indicators, including rising 50-day SMA and a healthy RSI, suggest a breakout opportunity. However, it remains uncertain if XRP will reach $1 soon, and factors like the outcome of Ripple's SEC lawsuit and its DeFi ventures could also influence its price.
- Blur Crypto Market Analysis Shows Plunging Trading Volume and Bearish Sentiment
- Apr 17, 2024 at 10:31 pm
- Despite a slight market cap increase, Blur crypto has experienced a significant decline in trading volume (52%), currently ranked 113th. The crypto's low circulating supply (13%) and high volatility indicate a bearish trend, supported by technical analysis showing price reversals, EMA crossovers, and low social dominance. This suggests the possibility of further price declines, with support levels at $0.2960 and $0.380, and resistance levels at $0.8100 and $1.00.
- InQubeta Emerges as a Challenger to Solana as Avalanche Faces Smart Contract Slowdown
- Apr 17, 2024 at 10:30 pm
- Amid market downturns, the Avalanche (AVAX) network faces concerns over a decline in smart contract deployments, raising questions about potential challenges. In contrast, InQubeta (QUBE), an AI-powered crypto, emerges as a formidable competitor to Solana (SOL), showcasing exceptional growth potential in 2024 and challenging the supremacy of AVAX.
- Shiba Inu Coin Tumbles, Market Value Crashes Amid Market Correction
- Apr 17, 2024 at 10:27 pm
- Shiba Inu Coin, a prominent meme coin, has experienced a notable decline in market value over the past 24 hours, dropping 4.73% to $0.00002165. The meme-inspired cryptocurrency has continued its downward trend, breaking through key support levels and indicating a potential for further decreases.
- Adidas and Stepn Team Up for Revolutionary Generative NFTs in Move-to-Earn Collaboration
- Apr 17, 2024 at 10:26 pm
- Adidas collaborates with Stepn to launch a generative NFT collection, the Stepn x Adidas Genesis Sneakers series, featuring 1,000 Adidas-inspired NFTs on Stepn's marketplace Mooar. The partnership aims to engage with the move-to-earn demographic and promote Adidas' brand in the digital realm. The collection's release involves a raffle with two stages: one for Stepn users and one as a public sale. Adidas' previous NFT ventures include a collaboration with Fewocious for NFT-linked sneakers and the ALTS Dynamic NFT collection as part of its "Into The Metaverse" initiative.
- DOT's Future in Flux: Breakout Looms as Bulls, Bears Vie for Control
- Apr 17, 2024 at 10:25 pm
- Polkadot's price has exhibited a significant decline, finding support at $6. Despite low volatility, it remains within a pivotal range, suggesting an imminent breakout. The daily chart shows a bearish trend with support at $6 and resistance at the 200-day moving average of $6.93. The 4-hour chart indicates a potential corrective retracement, with targets between $7.4 and $7.8.
- BytePlus and Mysten Labs Team Up to Revolutionize Web3 Gaming and SocialFi
- Apr 17, 2024 at 10:25 pm
- BytePlus and Mysten Labs join forces to revolutionize Web3 gaming and SocialFi through strategic partnership. By integrating BytePlus's AI algorithms and data warehousing technologies with Sui's blockchain ecosystem, the alliance aims to enhance data analysis, improve user experience, and drive innovation in the Web3 industry. This partnership marks ByteDance's continued expansion into blockchain technology, showcasing the growing convergence of AI, data management, and blockchain in shaping the future of digital interactions and financial transactions.
- Parcl Withdrawals Surge After Airdrop, Solana Airdropped Tokens Continue to Falter
- Apr 17, 2024 at 10:23 pm
- Solana-based real estate betting platform Parcl has experienced significant withdrawals following its airdrop, with a 40% plunge in TVL and a drop in token price. This trend mirrors weak performance by other airdropped tokens on the Solana blockchain, including Wormhole's W and Tensor's TNSR.
- Bitcoin Price Pressured by Miner Sales, Market Trends Sideways
- Apr 17, 2024 at 10:20 pm
- Despite a promising dip below $61,000, Bitcoin's downward trend persists due to potential selling pressure from miners. The market remains uncertain, potentially moving sideways as traders navigate misleading signals. Key resistance levels need to be surpassed to indicate an end to the correction phase, while Ethereum and Helium face volatility around $3,000 and $4.25, respectively. Aerodrome and Pups Ordinals exhibit bearish momentum but maintain channel structures, suggesting potential for recovery.