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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
Mar / 27- Binance Drops Tron USDC, Faces Regulatory Hurdles in Philippines
- Mar 27, 2024 at 11:12 am
- Binance discontinues Tron USDC support, urging users to withdraw or convert assets. Circle's departure from the Tron blockchain prompts Binance's decision, while the Philippines SEC plans to block Binance access due to its unregistered status in the country.
- US Inflation Hangs High, Cooling Rate-Cut Bets
- Mar 27, 2024 at 11:07 am
- Tuesday's consumer price index (CPI) data slightly exceeded expectations, with a 0.4% increase in core inflation. However, investors remain optimistic about an interest rate cut in June, as the data has not significantly altered market forecasts. US equities rose despite the hotter-than-predicted inflation figures, indicating that investors are unbothered by the report.
- Bitcoin's Surge Soars: Can This Rally Hold Steady?
- Mar 27, 2024 at 11:03 am
- Bitcoin rallied again on Wednesday, driven by continued enthusiasm within the investment community. The cryptocurrency rose as much as 6.8%, despite a 6% drop on Tuesday. Ether also surged by 9.8%, reaching its highest level since January 2022. This rally has been attributed to increased investment in US spot exchange-traded crypto products and anticipation of lower global interest rates.
- Hackers Target Bitcoin Ordinals Founder, Stealing Over $300K
- Mar 27, 2024 at 11:01 am
- Bitcoin Ordinals, a new form of digital collectible inscribed on the Bitcoin blockchain, have become a tempting target for hackers. In a recent incident, the founder of the Ordinal Rugs project lost over $300,000 worth of Ordinals and Bitcoin due to a phishing attack. The hack highlights the growing threat of cyberattacks targeting cryptocurrency wallets, particularly those holding rare and valuable digital assets.
- US Treasury Ramps Up Crypto Sanctions on Russia-Linked Firms to Curb Evasion
- Mar 27, 2024 at 11:00 am
- The US Treasury's OFAC has sanctioned 13 entities and two individuals linked to Russia for allegedly facilitating transactions and providing crypto services to "evade sanctions." These companies, including Netex24 and Bitpapa, have facilitated significant transactions to sanctioned entities over the past two years, according to on-chain data from Chainalysis, with a significant portion of their transaction history involving exchanges without KYC controls and darknet markets.
- OPZ Token: The AI-Powered Crypto Revolution, All in One
- Mar 27, 2024 at 10:53 am
- OPZ Token ($OPZ) is an all-in-one solution that seamlessly integrates a wallet, decentralized exchange, advanced AI trading, and NFC technology. This innovative platform empowers traders with 1,000,000,000 ERC-20 tokens, leveraging sophisticated AI technology to analyze market trends, forecast prices, and automatically execute trades across 10,000+ cryptocurrencies. OPZ-AI revolutionizes cryptocurrency analysis by providing real-time insights and trend analyses, while the OPZ Wallet and OPZ-DEX offer secure self-custody and decentralized trading on Bitcoin's Layer 2.
- South Korea's Crypto Crisis: TaxControversy Fuels Market Uncertainty and Investor Exodus
- Mar 27, 2024 at 10:44 am
- South Korea's vibrant crypto market faces uncertainty amidst proposed tax measures. Investors rally against these plans, citing concerns about market stability, transparency, and the potential hindrance to industry growth. A petition to delay the tax implementation seeks greater transparency and input from stakeholders. The outcome will shape the future of South Korea's crypto market, balancing regulatory oversight with fostering innovation.
- Crypto Bulls Betting on a Fall? Shorting Frenzy Raises Fears of Market Downturn
- Mar 27, 2024 at 10:38 am
- Short sellers, betting against the crypto stock rally fueled by Bitcoin's surge, have increased their total interest to nearly $11 billion. MicroStrategy and Coinbase account for over 80% of this interest, despite facing potential short squeezes due to limited available shares and strong rallies.
- Cathie Wood Buys $7.8 Million of Moderna Vaccine Stock, Betting on Diversified Pipeline and Regulatory Wins
- Mar 27, 2024 at 10:30 am
- On Tuesday, Cathie Wood's Ark Invest significantly increased its stake in Moderna Inc. (MRNA), a prominent COVID-19 vaccine manufacturer, amid a series of upcoming catalysts for the biotech firm. Ark Invest purchased 72,800 shares of Moderna through its flagship Ark Innovation ETF (ARKK), valued at approximately $7.82 million. This move indicates Ark Invest's continued confidence in Moderna's potential beyond its mRNA COVID-19 vaccine, including a next-gen COVID-19 vaccine and other promising candidates.
- HSBC's Historic Tokenized Gold Launch Propels Hong Kong into the Digital Asset Era
- Mar 27, 2024 at 10:28 am
- HSBC launches the first retail digital gold token in Hong Kong, powered by its digital asset platform, HSBC Orion. The move aligns with the Securities and Futures Commission's guidelines for tokenization, offering potential benefits of reduced costs, enhanced efficiency, and broader access to financial assets. HSBC plans to expand its retail product offerings based on HSBC Orion, which has previously facilitated the tokenization of physical gold and green bonds.
- Unlock Crypto Wealth: Ultimate Guide to Redeeming Bitcoin Codes in Idle Miner
- Mar 27, 2024 at 10:15 am
- Crypto Idle Miner Bitcoin offers a collection of redeemable gift codes that provide in-game bonuses such as HORA tokens, boosts, and cosmetics. These codes can be used to enhance gameplay and progress within the mobile game. The codes can be redeemed by accessing the Profile > Promo codes section within the game and entering the code. Regular updates to the code list are anticipated, and expired codes are clearly indicated. Players are encouraged to check social media channels and the dedicated Discord group for the latest codes.
- LIDO DAO Token (LDO) Anticipated to Soar 30.21% in Next 5 Days
- Mar 27, 2024 at 10:03 am
- Lido DAO Token (LDO) is predicted to surge by 30.21% within the next 5 days, reaching a projected price of $4.09. Despite a recent 3.34% decline against the US Dollar, LDO's technical analysis indicates a bullish sentiment, supported by 81% of indicators forecasting a positive trend. The market currently exhibits Extreme Greed, suggesting an optimistic outlook for cryptocurrencies.
- BlockDAG Revolutionizes Crypto Mining with 5000x ROI Potential
- Mar 27, 2024 at 10:01 am
- In the ever-evolving landscape of cryptocurrency, BlockDAG emerges as a beacon of innovation. By harnessing the power of DAG technology and diversifying revenue streams, BlockDAG redefines crypto mining, offering unparalleled scalability, security, and profitability potential. Its cutting-edge approach sets the stage for a staggering 5000x return on investment, solidifying its position as a trailblazer in the cryptocurrency market.
- Illuvium Labs Secures $12M Funding for Game-Changing Blockchain Universe
- Mar 27, 2024 at 10:01 am
- Illuvium Labs, the studio behind the anticipated blockchain gaming universe Illuvium, has raised $12 million in Series A funding. The capital will support the launch of the studio's interconnected game titles, which include Illuvium Arena, Illuvium Overworld, and Illuvium Zero. The games are built around interoperable assets within the Ethereum ecosystem, including on scaling network Immutable X.
- Short Squeeze Intensifies as Bitcoin Nears $80K
- Mar 27, 2024 at 10:00 am
- Bitcoin (BTC) is nearing $70,000 and speculation suggests short-sellers are under pressure, potentially pushing Bitcoin towards $80,000. The main factor for the short squeeze is the significant margin between institutional long positions and hedge fund short positions. Bitcoin's price dips are shortening, and a surge to $75,000 could liquidate $3.85 billion in short positions. Analysts suggest the potential for violent price action and speculate Bitcoin could reach $100,000 this year.
- Analyst Predicts Bitcoin on Track for $100,000 Surge Buoyed by Market Signals and Mysterious Address Activity
- Mar 27, 2024 at 10:00 am
- Crypto analyst Jelle predicts a significant price surge for Bitcoin, potentially reaching $100,000. Recent market movements, including a new higher low and a push toward previous highs, support this prediction. A mysterious on-chain transaction involving $6 billion worth of Bitcoin from a dormant address has also sparked intrigue, adding to the anticipation of a potential bull run.
- Lido DAO Token Plummets 3.34% Against US Dollar
- Mar 27, 2024 at 10:00 am
- Lido DAO Token price is currently down -3.34% against the US Dollar and has decreased by -3.63% and -3.45% against BTC and ETH respectively. The coin is currently trading at $3.20, 21.71% below the prediction of $4.09 made on March 31, 2024. Despite its recent decline, LDO has shown a positive trend in the last year, rising by 53.82%.
- Bitcoin Open Interest Soars as Price Targets $70,000, Despite Liquidation Spree
- Mar 27, 2024 at 10:00 am
- Open Interest in Bitcoin (BTC) surged as its price reached $70,000, indicating increased market leverage. Despite recent liquidations exceeding $190 million, traders maintained bullish sentiment, with the percentage of long positions rising to 51%. However, factors such as an elevated MVRV ratio and a growing Long/Short difference suggest potential hindrances to BTC's continued growth.
- Near Foundation Unveils 'Chain Signatures' for Simplified Multi-Blockchain Transaction Signing
- Mar 27, 2024 at 10:00 am
- Near Foundation's Chain Signatures protocol allows users to sign transactions on other blockchains (e.g., Ethereum, Bitcoin, Dogecoin) using their Near account. Powered by MPC and secured by Near validators, Chain Signatures enables Near accounts to control addresses on multiple blockchains, facilitating use cases in decentralized finance. Additionally, it includes a multichain gas relayer, eliminating the need for native gas tokens on other chains and allowing transactions using Near or NEP-141 tokens.