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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 / 03
- Crypto Market Forecast: Bitcoin, Solana, and Pullix Poised for Major Growth
- Apr 03, 2024 at 01:10 pm
- As the digital asset market continues to captivate investors, analysts predict significant growth for key cryptocurrencies in 2024. Bitcoin (BTC) is projected to surge to $150,000, while Solana (SOL) is expected to climb to $1,000. The emergence of Pullix (PLX), a DeFi token, has drawn attention, with predictions of reaching $5 in the coming months. These projections stem from factors such as Bitcoin's bullish trend, Solana's growing ecosystem, and Pullix's innovative hybrid exchange model that addresses liquidity issues.
- Solana's Price Dives Post Peak at $205
- Apr 03, 2024 at 01:08 pm
- Solana (SOL) price is currently experiencing a downward correction from a high of $205 against the US Dollar. The price has breached below the $190 support level and the 55 simple moving average (4-hour chart). A further decline may occur if the price breaks below the $172 support level, potentially reaching as low as $162. Bulls must remain active above this level to initiate another upward trend.
- Bitlayer Labs Secures $5 Million to Supercharge Bitcoin Layer 2 Innovation
- Apr 03, 2024 at 01:08 pm
- Bitlayer Labs, the developer behind the first Bitcoin Layer 2 solution powered by BitVM, has raised $5 million in seed funding. Led by Framework Ventures and ABCDE Capital, the round attracted participation from renowned firms and angel investors, including StarkWare, OKX Ventures, Ryan Selkis, and Dan Held. The funding will drive Bitlayer's mission to establish a scalable and interconnected Bitcoin ecosystem through its Bitlayer protocol, paving the way for innovative DeFi use cases and applications.
- Bitlayer Labs Secures $5M in Seed Funding to Unlock Bitcoin's Computational Potential
- Apr 03, 2024 at 01:07 pm
- Bitlayer Labs has raised $5 million in seed funding led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, and other investors. The funds will be used to develop Bitlayer, a Bitcoin Layer 2 solution based on BitVM, designed to increase scalability and introduce new DeFi use cases to the Bitcoin ecosystem.
- Grayscale: Cautious Optimism in Crypto Market Ahead of Bitcoin Halving
- Apr 03, 2024 at 01:07 pm
- Grayscale's report suggests that the crypto market is not yet at its peak, despite positive indicators such as significant ETF inflows and low Bitcoin exchange reserves. While indicators like unrealised profit and loss ratio and market value to realised value Z-score suggest potential for further gains, stablecoin liquidity and the lack of retail participation indicate a measured approach is still warranted.
- Cryptocurrency Market Dips with Bitcoin Hovering Around $66,000
- Apr 03, 2024 at 01:06 pm
- The cryptocurrency market experienced a downturn on Wednesday, with Bitcoin (BTC) lingering near $66,000 and Ethereum (ETH) facing a potential dip below $3,300. Major altcoins, including XRP, Cardano (ADA), and Dogecoin, exhibited notable declines, while Solana (SOL) managed to rebound.
- Cardano Ecosystem Tokens Set for Explosive Growth: Minswap, Indigo, and Liqwid Take the Stage
- Apr 03, 2024 at 01:05 pm
- Cardano ecosystem tokens, including Minswap, Indigo, and Liqwid, exhibit strong growth potential in 2024. Despite Cardano's underperformance as a token, its DeFi ecosystem has experienced significant expansion, surpassing Bitcoin in TVL. These tokens benefit from increased capital injection and community support, making them promising investments for those seeking impressive returns.
- Crypto Industry Urges RBI to Expand Regulatory Sandbox for Innovation
- Apr 03, 2024 at 01:05 pm
- As part of its regulatory sandbox, lobbying groups are petitioning the Reserve Bank of India (RBI) to allow the testing of crypto-related products. The proposed RBI framework, which currently excludes cryptocurrencies, exchanges, and initial coin offerings, will include blockchain technology testing for a limited number of consumers.
- Bitcoin Halving Nears, Spurring Institutional Investment Surge
- Apr 03, 2024 at 01:04 pm
- Institutional investors are eagerly anticipating the upcoming Bitcoin halving, as they see it as an opportunity to capitalize on future price movements. Microstrategy, BlackRock, and Founder's Fund are among those investing in Bitcoin ahead of the event. Microstrategy's large Bitcoin holdings and BlackRock's recent moves into the crypto space suggest a growing institutional interest in Bitcoin. Founder's Fund's early investment and previous success with Bitcoin further add to the excitement surrounding the halving.
- Hut 8 CEO Predicts Drop in Bitcoin Mining Bankruptcies
- Apr 03, 2024 at 01:04 pm
- Hut 8 CEO predicts a decline in Bitcoin mining bankruptcies due to improved financial strategies. The overleveraging that led to failures in 2022 has been replaced by less debt and more equity-based growth. Genoot anticipates increased mergers and acquisitions among smaller miners, with distress opportunities arising only if BTC retraces significantly.
- Embark on an Airdrop Odyssey: Unraveling the Bonk Phenomenon and Beyond
- Apr 03, 2024 at 01:03 pm
- The Bonk Airdrop, an innovative marketing strategy in the cryptocurrency realm, involves distributing free tokens to active community members and NFT and DeFi users. By targeting specific audiences, this airdrop garnered attention and stimulated engagement within the Solana ecosystem. Its strategic implementation and unique targeting methods have generated excitement and fostered community growth, underscoring the power of airdrops in shaping market dynamics and fostering user engagement.
- Bitlayer Labs Raises $5 Million to Enhance Bitcoin's Scalability and Expressiveness
- Apr 03, 2024 at 01:03 pm
- Bitlayer Labs, the developer behind Bitlayer, a Bitcoin Layer 2 protocol, has secured $5 million in seed funding at an $80 million valuation. Led by Framework Ventures and ABCDE Capital, the round includes participation from StarkWare, OKX Ventures, and other notable investors. The funding will drive Bitlayer's mission to enhance Bitcoin's scalability and enable a more interconnected ecosystem, cementing Bitcoin's position as the dominant blockchain in terms of size, scalability, and security.
- MENA Startups Secure Record Funding of $254M in March 2024
- Apr 03, 2024 at 01:02 pm
- In March 2024, MENA startups secured $254 million through 54 deals, a significant increase of 186% month on month. Saudi Arabia, the UAE, and Egypt were the top recipients of funding, with SaaS providers emerging as the primary recipients. Seed rounds drew $49 million, Series A startups received $38.5 million, and 16 startups were awarded grants totaling $1.75 million.
- KangaMoon and Ethereum Set for Stellar Surge Amid Bull Run
- Apr 03, 2024 at 01:02 pm
- As the crypto industry advances into Q2 2024, a potential bull market looms, promising substantial gains for key crypto tokens. Among them, KangaMoon (KANG) and Ethereum (ETH) are predicted to witness a remarkable 100x surge due to favorable market dynamics. KangaMoon, a meme project with a strong community and presale growth of over 291%, is expected to make significant strides towards listing on major exchanges, while Ethereum, the dominant blockchain with over $64B TVL, is projected to break through the $5,000 mark in the coming bull run.
- Surge in Shiba Inu Burn Rate Fuels Investor Optimism Despite Market Decline
- Apr 03, 2024 at 01:02 pm
- Amid recent crypto price corrections, Shiba Inu (SHIB) saw an impressive 4000% surge in burn rate, sparking investor optimism. Despite the token's decline to $0.000026, the burn rate increase suggests a potential future price upsurge due to a dwindling supply, cushioning SHIB's value and supporting its tokenomics.
- ARK Invest's ARKB Fund Suffers Largest-Ever Outflows, Surpassing Grayscale's GBTC
- Apr 03, 2024 at 01:01 pm
- ARK Invest's ARKB fund experienced significant net outflows of $87.5 million on Tuesday, surpassing Grayscale's GBTC, marking the highest outflows for ARKB since its inception. Despite these outflows, ARKB has cumulatively attracted a substantial net inflow of $2.2 billion. Spot bitcoin ETFs from various providers, including BlackRock, Fidelity, VanEck, and Bitwise, witnessed net inflows ranging from $44.8 million to five million dollars, resulting in a combined net inflow of approximately $39.47 million for the 11 U.S. spot bitcoin ETFs.
- Prominent Crypto Trader Predicts Ethereum Crash, Altcoin Surge, and Dogecoin's Potential to Topple Ethereum
- Apr 03, 2024 at 01:00 pm
- A prominent cryptocurrency trader predicts that Ethereum (ETH) will soon reach a new all-time high (ATH) within 30 days. The trader, known as Criptopaul, bases his prediction on historical trends during halving months, when Bitcoin (BTC) miners' rewards are reduced by half. During these months, altcoins, such as ETH, have tended to outperform BTC. The upcoming halving event is expected to occur around April 19.
- Cat-Themed Tokens Surge Past Doggy Dominance in Crypto Trading
- Apr 03, 2024 at 01:00 pm
- Over the past 24 hours, cat-themed tokens have exploded in popularity, dominating the trending token space with over $340 million in trading volume. This feline-centric interest marks a shift from the previously dominant dog-themed tokens, with HOBBES, MEW, SNAPCAT, NUB, and KEYCAT emerging as the top cat-themed tokens by trading volume. While NUB and KEYCAT have experienced price declines, their trading volumes have surged, indicating a growing interest in the space.
- Bitlayer Labs Raises $5 Million in Seed Funding for Bitcoin Layer 2 Solution
- Apr 03, 2024 at 01:00 pm
- Bitlayer Labs, the pioneer of Bitcoin Layer 2 solutions through BitVM, has garnered $5M in seed funding led by Framework Ventures and ABCDE Capital. Investors such as StarkWare, OKX Ventures, UTXO Management, and prominent angel investors have also participated. This funding will fuel Bitlayer's mission to establish Bitcoin as the computation layer and expand its team globally. The company is preparing to launch Ready Player One, an incentive program offering over $50M in rewards to protocols and teams contributing to the Bitlayer ecosystem.
- Blockchain Emerges as Key to Ensuring Ethical, Responsible AI Development
- Apr 03, 2024 at 01:00 pm
- In a CoinGeek Backstage interview, Katrien Grobler, founder of AI-powered content creation platform AI Kat, emphasizes the importance of blockchain in ensuring AI's integrity. Grobler believes blockchain's ability to maintain data ownership and immutability will prevent AI from straying from ethical guidelines. She predicts blockchain's impact on search engines, where personalization and security will be critical, and highlights AI Kat's role as part of the AI Forge incubator program.