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Source : Bit Coin News
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Crypto Market Continues to Slide — QCP Capital Reports Increasing Market Anxiety

Crypto Market Continues to Slide — QCP Capital Reports Increasing Market AnxietyThe cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
Source : Bit Coin News
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Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]
Source : Bit Coin News
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Bitcoin Technical Analysis: Key Indicators Signal Bearish Outlook

Bitcoin Technical Analysis: Key Indicators Signal Bearish OutlookAs bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last […]
Source : Bit Coin News
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Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk ContractsIn the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]
Source : Bit Coin News
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TRON DAO at Harvard Blockchain Conference and New TRON Builder Tour Stop

PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]
Source : Bit Coin News
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Australian Regulator Says Crypto Is a Debenture That Requires Regulation

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […]
Source : Bit Coin News
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More Than 250 Zambian Students Attend Hackathon; Over 100 Earn Smart Contract Development Certification

More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […]
Source : Bit Coin News
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Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

Bitmain Sets Release for L9 Miner, Promising Unchallenged Efficiency in Scrypt MiningAccording to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […]
Source : Bit Coin News
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Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications

News Bytes - Telegram's Founder Advocates for Crypto-Inspired Hardware to Boost Secure CommunicationsPavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […]
Source : Bit Coin News
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Stepn Partners With Adidas to Issue Genesis Sneakers NFTs

Stepn Partners With Adidas for Issuing Genesis Sneakers NFTsStepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […]
Source : News Btc
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Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving. Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in 2 days. If you missed 1,000x on BRC20 and Ordinals, if you missed 800x on STAMP, check out my watchlist of BTCfi altcoins poised to surge because of the halving.” Here’s a breakdown of the top altcoins Leshka.eth believes could benefit from the upcoming Bitcoin halving: 1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth when it was valued at a $9 million market cap, Hulvin has seen an impressive ascent, crossing a $30 million market cap. “I first mentioned it when it was at $9M market cap. Today it surpassed $30M MC and outperforming all other tokens on the market. Still much space for a price discovery,” Leshka.eth highlighted. The coin currently trades at $0.01298 with a daily volume of $5.8 million. 2. Map Protocol (MAP): Designed to simplify cross-blockchain transactions using light clients and zero-knowledge (ZK) proofs, MAP Protocol operates without relying on trusted third parties. It facilitates secure peer-to-peer connections and emphasizes compatibility across different blockchains. Currently, MAP is trading at $0.0248 with a $107 million market cap and a 24-hour trading volume of $3.2 million. Leshka.eth views it as a crucial infrastructure component for the evolving blockchain ecosystem. 3. Stacks (STX): As a layer built on top of the Bitcoin blockchain, Stacks introduces functionalities such as smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). It is often compared to the Lightning Network due to its extension of Bitcoin’s capabilities. Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason With a substantial market cap of $4.04 billion and a price of $2.29, Stacks represents a significant part of the BTCfi landscape. “Stacks transforms Bitcoin from a digital gold into a more expansive ecosystem capable of supporting a wide array of applications,” Leshka.eth noted. 4. Mintlayer (ML): This layer 2 solution enhances Bitcoin’s functionality by enabling DeFi, smart contracts, atomic swaps, NFTs, and dApps directly on the Bitcoin network. Trading at $0.38 with a market cap of $24 million and a daily volume of $2.5 million, Mintlayer stands out for its integrative approach to extending Bitcoin’s utility without the need for an entirely separate blockchain. 5. SatoshiSync (SSNC): Collaborating with LayerZero and Chainlink, SatoshiSync offers a toolkit for easing transactions on Bitcoin’s L1 and L2 layers. Even before its token launch, the platform had attracted over 50,000 users, underscoring its practical value. SSNC is priced at $0.1275, with a market cap of $124.7 million and modest daily transactions amounting to $0.45 million. 6. Bitcoin Virtual Machine (BVM): BVM is a rapidly growing Layer 2 solution for Bitcoin that allows users to create their own L2 networks, thereby enhancing the value of BVM tokens. The BVM team is also planning to introduce airdrops for BVM stakers, which Leshka.eth believes could “drive up demand for the tokens significantly.” BVM is currently trading at $5.35, with a market cap of $133.6 million and a 24-hour volume of $2.74 million. Related Reading: Arkham Releases Top 5 Crypto Rich List – You Won’t Believe How Much Is Inaccessible 7. Naka Chain (NAKA): Positioned as a cost-effective, high-speed Bitcoin L2 blockchain tailored for DeFi applications that utilize Bitcoin for gas fees, Naka Chain enables developers to port decentralized apps from Ethereum to Bitcoin with minimal changes. It functions similarly to the Ethereum Virtual Machine (EVM), enhancing its appeal. NAKA is trading at $0.026, with a market cap of $56.32 million and a daily volume of $128,000. 8. Elastos (ELA): Elastos aims to construct a blockchain-driven version of the internet, addressing scalability and flexibility issues found in Ethereum and other DApp platforms. With a market cap of $81 million and trading at $3.69, ELA focuses on building a robust infrastructure for a decentralized internet. 9. MVC (SPACE): This public blockchain integrates multiple technologies, including the UTXO model and Proof of Work (PoW), to deliver exceptional performance, minimal fees, and high decentralization. SPACE trades at $17.59 with a market cap of $52.3 million and a 24-hour volume of $1.31 million. 10. Photon: Touted as a superior traditional Layer 2 solution, Photon leverages the security of Bitcoin’s Layer 1 to support scalable decentralized applications, providing efficiency and flexibility comparable to Ethereum’s ecosystem. This project is one to watch, with its upcoming launch expected to attract significant attention. “Keep an eye out for its upcoming launch!,” Leshka.eth stated. 11. Additional Mention – BounceBit: BounceBit is a Bitcoin staking chain that allows users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages active participation and utilization of Bitcoin for staking purposes. The imminent launch of BounceBit is highly anticipated by the community. At press time, Stacks (STX) was trading at $2.29, down 40% from its all-time high reached on April 1. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
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Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why

Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend. Not The Best Time To Buy Altcoins In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far.  Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market.  Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics.  He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that.  How To Make Your Buy List Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.  He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.  Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it.  Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists.  Total market cap continues to drop | Source: Crypto Total Market Cap on Tradingview.com Featured image from Coinposters, chart from Tradingview.com
Source : News Btc
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Whale Alert: MATIC Poised For Epic Surge – Time To Dive In?

In the ever-volatile landscape of the cryptocurrency market, recent days have seen a surge in turbulence, with Bitcoin and leading altcoins struggling to maintain stability. Among them, MATIC, the native token of Polygon, hasn’t been immune to the downward pressure, experiencing a drop of nearly 2% in the past 24 hours alone. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? As of the latest data, MATIC is trading at $0.69, marking a 21% decrease compared to the previous week. Source: CoinMarketCap MATIC: Whales Seize The Opportunity Despite the market downturn, some seasoned investors are viewing this as an opportunity to stockpile MATIC at lower prices. Large holders, colloquially known as whales, have been particularly active during this period of volatility. Notably, there has been significant accumulation of MATIC by whales, with one notable investor scooping up nearly 2 million tokens. This trend of accumulation is further evidenced by an uptick in the number of wallets holding substantial amounts of the altcoin, ranging from 1,000 to 10 million coins. Which #altcoins did whales buy after the market dropped? We noticed a fresh wallet withdrew $17.43M #altcoins from #Binance in the past 3 hours, including: 48,922 $AVAX($1.86M) 621,003 $FET($1.45M) 5.14M $GRT($1.44M) 1.9M $MATIC($1.41M) 532,444 $OP($1.29M) 135,751 $RNDR($1.26M)… pic.twitter.com/peeRi3E3nR — Lookonchain (@lookonchain) April 15, 2024 Additionally, large transactions worth more than $100,000 have increased significantly, indicating a concerted effort by whales to buy the dip. Total crypto market cap is currently at $2.231 trillion. Chart: TradingView Bullish Sentiment Prevails Among Whales Whales remain steadfast in their bullish outlook for MATIC. Data shows that more than half of all whale positions for the crypto on Binance are long. This suggests that large investors are confident in the token’s potential for a short-term rebound. Their optimism is rooted in their belief in the underlying fundamentals of MATIC and its role within the Polygon ecosystem. However, amidst the backdrop of price volatility, there has been a surge in negative commentary surrounding the coin. The Weighted Sentiment indicator reflects an increase in bearish sentiment, potentially influencing retail investors’ participation. Source: Santiment Negative discourse, particularly on social media platforms, can have a significant impact on market sentiment and investor behavior. Retail investors, often swayed by discussions and sentiment online, may be cautious in their approach to MATIC amidst the prevailing negativity. Related Reading: Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat Furthermore, Santiment’s data analysis corroborates the uptick in whale activity and accumulation of MATIC during the market downturn. Santiment’s insights provide additional context to the trends observed in whale behavior, offering valuable information for market participants. While the cryptocurrency market grapples with uncertainty and price fluctuations, MATIC stands out as a focal point of activity. Whales are leveraging the market downturn to accumulate MATIC, expressing confidence in its future prospects. Despite challenges posed by negative commentary, the bullish sentiment among whales underscores the resilience of MATIC within the broader crypto landscape. Featured image from Pexels, chart from TradingView
Source : News Btc
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Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat

In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s — JAVON⚡️MARKS (@JavonTM1) April 5, 2024 Resilience Amidst Challenges XRP has weathered its fair share of storms in recent weeks, experiencing a 24% decline from April 11 to 13, sending it to its lowest value since May 2023. Despite this setback, the digital asset showed resilience, bouncing back with a 5% rise on April 14. However, this recovery was short-lived as bearish sentiments regained control. Chart: TradingView At the time of writing, XRP was trading at $0.50, up a measly 0.7% in the last 24 hours, but sustained an 18.2% loss in the weekly timeframe, data from Coingecko shows. Source: Coingecko A psychological support, the $0.5 level tends to keep people comfortable if the price stays above it; a decline below it can alarm them. A breakdown below this level is significant because it may encourage traders to sell more because they think the price will drop even further. XRP market cap currently atis now trading at $63,454. Chart: TradingView Analyzing The Trends Marks’ analysis hinges on XRP’s historical performance, particularly its ability to break out of downward trendlines. He points to a significant breakout in July 2023 following a pivotal ruling in the SEC vs. Ripple case. Despite subsequent corrections and occasional bearish pressure, XRP has managed to remain above these trendlines, signaling a strong bullish trend that Marks believes will pave the way for a monumental price surge. Short-Term Challenges Despite the long-term optimism, XRP faces immediate challenges in the form of resistance and bearish sentiments. Trading below the 50-day Exponential Moving Average (EMA) and struggling to surpass the $0.50 mark, XRP must navigate through short-term obstacles before realizing its full potential. Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value As XRP enthusiasts eagerly await the fulfillment of Marks’ bold prediction, it’s essential to acknowledge the inherent volatility and uncertainty that characterizes the cryptocurrency market. Factors such as regulatory developments, market dynamics, and broader trends within the cryptocurrency space can all influence XRP’s price trajectory. Featured image from Pexels, chart from TradingView
Source : News Btc
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Bitcoin Displays Bullish Adam And Eve Double Bottom: What It Means

In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and equally swift rebound. This is followed by a more rounded, gradual, and wider “Eve” trough, suggesting a slower and more deliberate price recovery. Bitcoin Targets Its All-Time High In this analysis, the price level to watch is marked by a horizontal yellow line, which Inks suggests is the neckline of the pattern. A breakout and close above this neckline would confirm the pattern, signaling a potential bullish reversal. The importance of this neckline, which lies around the $67,000 price level, cannot be overstated as it represents a key resistance point that the price needs to surpass to confirm the pattern. Related Reading: Why The Bitcoin Halving Matters, But Not The Way You Think: Expert To derive the target of the pattern, Inks uses the depth of the formation, measuring from the neckline to the lowest point of the Adam trough. This height (8.88%) is then projected upward from the breakout point, suggesting that the pattern target would be in the area of $73,000, close to Bitcoin’s all-time high (ATH). Other technical indicators on the chart include volume, the Relative Strength Index (RSI), and the Stochastic RSI. Volume, denoted at the bottom of the chart, has shown a significant peak at the formation of the Adam bottom, followed by less pronounced volume during the formation of the Eve. This volume profile often accompanies the Adam and Eve pattern and can serve as a confirmation signal of the bullish sentiment. Related Reading: The $86,500 Bitcoin Question: Will The Halving Spark A Price Surge This April? The RSI, a momentum oscillator that measures the speed and change of price movements, is at 47, neutral territory, showing that neither bulls nor bears have gained full control yet. The Stochastic RSI, a more sensitive indicator that combines the features of stochastic oscillators and RSI, is indicating a strong upward momentum, with a reading above 95 out of 100, which could suggest potential for a short-term pullback due to overbought conditions. Finally, it’s important to note that the Stochastic RSI is showing a crossover in the overbought territory, which can sometimes precede a price correction. However, given the bullish pattern indicated by the Adam and Eve formation, the sentiment appears to lean towards an optimistic outlook. If BTC price breaks above $67,000 and closes a hour-candle above this threshold, the bulls could target the all-time high at $73,780. At press time, BTC traded at $63,571. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
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Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value

As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). At the time of writing, ADA was trading at $0.45, down 1.8% and 21.9% in daily and weekly timeframes, data from Coingecko shows. With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Related Reading: CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this support level, analysts warn of a potential plunge to $0.25. However, if Cardano manages to hold this level, it could signal the formation of a double bottom, potentially paving the way for a rally towards the $1 mark. 🚨 #ADA has taken a hit and panic is setting in. But is this truly the end? 🧵👇 I’ve gathered crucial insights. Let’s demystify the chaos with facts. A must read, short thread 📊📈 pic.twitter.com/gYWHPHmylk — Trend Rider (@TrendRidersTR) April 15, 2024 Amidst this uncertainty, the fate of Cardano appears intricately linked to the movements of Bitcoin, the dominant force in the cryptocurrency market. Chart: TradingView Bitcoin’s Influence On ADA Trajectory As Bitcoin charts its own course, Cardano investors are keenly aware of the impact that the flagship cryptocurrency’s movements can have on ADA’s price action. Should Bitcoin embark on a bullish trajectory, it could trigger a sharp decline in altcoins like Cardano, followed by a swift rebound. Bitcoin is currently trading at $63.989. Chart: TradingView Conversely, a bearish path for Bitcoin could spell an extended period of bearish sentiment for the broader crypto market, including Cardano. Despite the uncertainty surrounding Cardano’s future, Trend Rider advises investors to remain calm and adhere to their investment strategies. ADA retreating in the last 24 hours. Source: Coingecko In addition to providing guidance for navigating the current market conditions, Trend Rider draws parallels between Cardano’s present situation and its historical performance. Historical Comparisons Offer Hope Amidst Uncertainty Drawing from history, Trend Rider points to Cardano’s resilience in the face of adversity. In October 2020, ADA experienced a significant drop in value, plummeting to a mere $0.10 before staging an impressive comeback, reaching a valuation of slightly over $3. Related Reading: Bitcoin Completes ‘End Run,’ Analyst Says – Here’s What It Means This historical precedent serves as a reminder that Cardano has weathered storms before, and may be poised for a similar resurgence in the face of adversity. As fear levels peak amidst Cardano’s testing of major support thresholds, investors are reminded of the importance of maintaining a steady hand and a long-term perspective. Featured image from Pexels, chart from TradingView
Source : News Btc
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XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance. Another Decline? If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level. The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest the $0.420 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.480, $0.4550, and $0.420. Major Resistance Levels – $0.5140, $0.5440, and $0.600.
Source : News Btc
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Ethereum Price Stuck Near $3K, Indicators Show Risk of Downside Break

Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,280, above which the price might rise toward the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even climb toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. The next key support could be the $2,710 zone. A clear move below the $2,710 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,900 Major Resistance Level – $3,200
Source : News Btc
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Worldcoin Faces $1.2 Million Fine In Argentina For Law Violations; WLD’s Price Reacts

In recent months, Sam Altman’s open-source protocol Worldcoin (WLD) has faced increasing legal challenges as Portugal and Spain cracked down on its biometric data collection practices. Argentina has joined the list, issuing an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts.  Worldcoin Faces Legal Scrutiny In Buenos Aires Buenos Aires authorities have identified discrepancies between Worldcoin’s reported data handling practices and findings from provincial inspections, raising concerns about the storage and deletion of biometric data and potential infringements on user rights. The Ministry of Production, Science, and Technological Innovation of the province of Buenos Aires ordered the indictment of Worldcoin following an investigation by the Provincial Directorate for the Defense of Consumer Rights.  Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 The investigation revealed the inclusion of “abusive clauses” in the company’s accession contracts, which were allegedly in violation of the National Consumer Protection Law. Undersecretary Ariel Aguilar, responsible for Commercial Development and Promotion of Investments in the province, expressed concerns about the lack of transparency surrounding Worldcoin’s data processing procedures.  Aguilar questioned whether biometric data was being stored or immediately deleted, the existence of databases storing personal data of Argentine users, and the complexity of the contracts and operation of the entire system. The province’s inspections uncovered multiple violations in the adhesion contracts, including the “Terms and Conditions of Use,” “Privacy Notice,” and “Data Consent Form.”  Notably, the company failed to display signs indicating the minimum age requirement of 18 for accessing the service, potentially leading to the scanning of the personal data of minors. Contradictions In Worldcoin’s Handling Of Biometric Data Contradictions were also found between the company’s reported use, protection, and storage of biometric data collected from the faces and eyes of Argentine users. It appears that this private information is being stored in Brazil.  Additionally, abusive clauses were identified that allowed the company to interrupt the service without providing any repair or refund.  The contracts also allegedly forced users to waive collective redress claims and subjected them to foreign laws, specifically those of the Cayman Islands, with disputes to be resolved by arbitration in California, United States, violating Argentina’s Civil and Commercial Code. Worldcoin now faces potential fines of up to 1 billion pesos or $1.2 million.  The company had been operating in various cities in Buenos Aires. Worldcoin collected personal biometric data, such as iris and facial scans, in these locations through its Orb technology device. In exchange, users were offered the World App financial application on their phones and received cryptocurrency from Worldcoin’s native token, WLD. Unexpected Upswing Despite facing increasing legal scrutiny in recent months, including the latest development in Argentina, the token associated with the Worldcoin protocol, WLD, has experienced an unexpected surge of 2.6% within the past 24 hours, currently trading at $4.80. However, when examining key metrics, it becomes evident that the overall market correction has impacted WLD. CoinGecko data reveals that WLD’s trading volume in the last 24 hours amounts to $319,113,250, indicating a decrease of 7.10% compared to the previous day.  Additionally, WLD has witnessed a significant decline of over 58% from its all-time high of $11.74, reached on March 10. Related Reading: Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient Moreover, the token’s market capitalization has experienced a notable decrease. Since its peak of $1.4 billion recorded on March 17, the market cap has fallen below the billion-dollar level, currently standing at $920 million as of the time of writing. Featured image from Shutterstock, chart from TradingView.com
Source : News Btc
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Bitcoin Price Consolidates Below Hurdles, Can BTC Bounce Back?

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000 resistance zone. BTC started another decline and traded below the $65,000 support zone. It even declined below $62,000 before the bulls emerged. A low was formed near $61,551 and the price is now attempting a fresh recovery wave. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. Bitcoin price is trading below $65,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,250 level. It is close to the 50% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. The first major resistance could be $64,850. The next resistance now sits at $65,000. If there is a clear move above the $65,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,500. Source: BTCUSD on TradingView.com The next major resistance is near the $67,200 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Another Decline In BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $62,800 level. The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,500 level. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $63,000, followed by $62,000. Major Resistance Levels – $64,850, $65,000, and $67,000.
Source : Bit Coin News
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Crypto Market Continues to Slide — QCP Capital Reports Increasing Market Anxiety

Crypto Market Continues to Slide — QCP Capital Reports Increasing Market AnxietyThe cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
Source : Bit Coin News
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Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]
Source : Bit Coin News
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Bitcoin Technical Analysis: Key Indicators Signal Bearish Outlook

Bitcoin Technical Analysis: Key Indicators Signal Bearish OutlookAs bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last […]
Source : Bit Coin News
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Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk ContractsIn the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]
Source : Bit Coin News
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TRON DAO at Harvard Blockchain Conference and New TRON Builder Tour Stop

PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]
Source : Bit Coin News
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Australian Regulator Says Crypto Is a Debenture That Requires Regulation

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […]
Source : Bit Coin News
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More Than 250 Zambian Students Attend Hackathon; Over 100 Earn Smart Contract Development Certification

More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […]
Source : Bit Coin News
Added today

Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

Bitmain Sets Release for L9 Miner, Promising Unchallenged Efficiency in Scrypt MiningAccording to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […]
Source : Bit Coin News
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Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications

News Bytes - Telegram's Founder Advocates for Crypto-Inspired Hardware to Boost Secure CommunicationsPavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […]
Source : Bit Coin News
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Stepn Partners With Adidas to Issue Genesis Sneakers NFTs

Stepn Partners With Adidas for Issuing Genesis Sneakers NFTsStepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […]
Source : Miner Gate
1523 days ago

Monero Hard Fork and RandomX: Make CPU Mining Great Again

Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm.   Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has essentially moved XMR mining to CPU, […]

The post Monero Hard Fork and RandomX: Make CPU Mining Great Again appeared first on Crypto Mining Blog.

Source : Miner Gate
1538 days ago

MinerGate coin list updates

MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will […]

The post MinerGate coin list updates appeared first on Crypto Mining Blog.

Source : Miner Gate
1757 days ago

MinerGate Exclusive: Interview with the chat moderator

Recently, we released our very own loyalty token – the MinerGate Token.  It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.  A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there […]

The post MinerGate Exclusive: Interview with the chat moderator appeared first on Crypto Mining Blog.

Source : Miner Gate
1759 days ago

Welcome MinerGate xFast 1.5

Dear miners, The MinerGate team is working hard to bring you the best mining solutions and user-friendly services. Making MinerGate a multifunctional platform will allow our new users to understand all mining processes faster and benefit from the cutting edge technologies available for our seasoned miners. MinerGate xFast miner is a highly efficient and easily […]

The post Welcome MinerGate xFast 1.5 appeared first on Crypto Mining Blog.

Source : Miner Gate
1769 days ago

MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp

For just a year, the EOS system has proved itself to be worthy of being a next-generation blockchain project with industry-leading scalability and transaction speed. Its philosophy and solutions are giving new opportunities to blockchain developers. Lots of dApps – a crucial part of the system – are now built on EOS. The number has […]

The post MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp appeared first on Crypto Mining Blog.

Source : Miner Gate
1769 days ago

News from our partners LumiWallet. Get EOS account for free!

MinerGate is pleased to announce that our partner – Lumi Wallet, a highly secure multi-currency wallet – is launching an EOS account giveaway. This giveaway campaign has become possible due to the productive collaboration of MinerGate, Lumi Wallet, and Changelly. MinerGate believes in EOS due to its next generation and open source blockchain protocol that […]

The post News from our partners LumiWallet. Get EOS account for free! appeared first on Crypto Mining Blog.

Source : Miner Gate
1778 days ago

MinerGate Has Become a DApp Service Provider

MinerGate has become a dApp Service Provider on the DAPP Network. It’s no secret that there have been some significant obstacles in the way of the efficient performance of dApp development. To develop on EOS, dApp developers must own and use RAM, which has its limitations. There are two of them: the high cost (more […]

The post MinerGate Has Become a DApp Service Provider appeared first on Crypto Mining Blog.

Source : Miner Gate
1798 days ago

MinerGate Token Is Now On EOSDAQ

Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]

The post MinerGate Token Is Now On EOSDAQ appeared first on Crypto Mining Blog.

Source : Miner Gate
1805 days ago

HitBTC – The First Major Exchange To Support The MinerGate (MG) Token

Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]

The post HitBTC – The First Major Exchange To Support The MinerGate (MG) Token appeared first on Crypto Mining Blog.

Source : Miner Gate
1815 days ago

MinerGate Token (MG): The Ultimate Loyalty Tool For Users

MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]

The post MinerGate Token (MG): The Ultimate Loyalty Tool For Users appeared first on Crypto Mining Blog.

Source : News Btc
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Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving. Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in 2 days. If you missed 1,000x on BRC20 and Ordinals, if you missed 800x on STAMP, check out my watchlist of BTCfi altcoins poised to surge because of the halving.” Here’s a breakdown of the top altcoins Leshka.eth believes could benefit from the upcoming Bitcoin halving: 1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth when it was valued at a $9 million market cap, Hulvin has seen an impressive ascent, crossing a $30 million market cap. “I first mentioned it when it was at $9M market cap. Today it surpassed $30M MC and outperforming all other tokens on the market. Still much space for a price discovery,” Leshka.eth highlighted. The coin currently trades at $0.01298 with a daily volume of $5.8 million. 2. Map Protocol (MAP): Designed to simplify cross-blockchain transactions using light clients and zero-knowledge (ZK) proofs, MAP Protocol operates without relying on trusted third parties. It facilitates secure peer-to-peer connections and emphasizes compatibility across different blockchains. Currently, MAP is trading at $0.0248 with a $107 million market cap and a 24-hour trading volume of $3.2 million. Leshka.eth views it as a crucial infrastructure component for the evolving blockchain ecosystem. 3. Stacks (STX): As a layer built on top of the Bitcoin blockchain, Stacks introduces functionalities such as smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). It is often compared to the Lightning Network due to its extension of Bitcoin’s capabilities. Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason With a substantial market cap of $4.04 billion and a price of $2.29, Stacks represents a significant part of the BTCfi landscape. “Stacks transforms Bitcoin from a digital gold into a more expansive ecosystem capable of supporting a wide array of applications,” Leshka.eth noted. 4. Mintlayer (ML): This layer 2 solution enhances Bitcoin’s functionality by enabling DeFi, smart contracts, atomic swaps, NFTs, and dApps directly on the Bitcoin network. Trading at $0.38 with a market cap of $24 million and a daily volume of $2.5 million, Mintlayer stands out for its integrative approach to extending Bitcoin’s utility without the need for an entirely separate blockchain. 5. SatoshiSync (SSNC): Collaborating with LayerZero and Chainlink, SatoshiSync offers a toolkit for easing transactions on Bitcoin’s L1 and L2 layers. Even before its token launch, the platform had attracted over 50,000 users, underscoring its practical value. SSNC is priced at $0.1275, with a market cap of $124.7 million and modest daily transactions amounting to $0.45 million. 6. Bitcoin Virtual Machine (BVM): BVM is a rapidly growing Layer 2 solution for Bitcoin that allows users to create their own L2 networks, thereby enhancing the value of BVM tokens. The BVM team is also planning to introduce airdrops for BVM stakers, which Leshka.eth believes could “drive up demand for the tokens significantly.” BVM is currently trading at $5.35, with a market cap of $133.6 million and a 24-hour volume of $2.74 million. Related Reading: Arkham Releases Top 5 Crypto Rich List – You Won’t Believe How Much Is Inaccessible 7. Naka Chain (NAKA): Positioned as a cost-effective, high-speed Bitcoin L2 blockchain tailored for DeFi applications that utilize Bitcoin for gas fees, Naka Chain enables developers to port decentralized apps from Ethereum to Bitcoin with minimal changes. It functions similarly to the Ethereum Virtual Machine (EVM), enhancing its appeal. NAKA is trading at $0.026, with a market cap of $56.32 million and a daily volume of $128,000. 8. Elastos (ELA): Elastos aims to construct a blockchain-driven version of the internet, addressing scalability and flexibility issues found in Ethereum and other DApp platforms. With a market cap of $81 million and trading at $3.69, ELA focuses on building a robust infrastructure for a decentralized internet. 9. MVC (SPACE): This public blockchain integrates multiple technologies, including the UTXO model and Proof of Work (PoW), to deliver exceptional performance, minimal fees, and high decentralization. SPACE trades at $17.59 with a market cap of $52.3 million and a 24-hour volume of $1.31 million. 10. Photon: Touted as a superior traditional Layer 2 solution, Photon leverages the security of Bitcoin’s Layer 1 to support scalable decentralized applications, providing efficiency and flexibility comparable to Ethereum’s ecosystem. This project is one to watch, with its upcoming launch expected to attract significant attention. “Keep an eye out for its upcoming launch!,” Leshka.eth stated. 11. Additional Mention – BounceBit: BounceBit is a Bitcoin staking chain that allows users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages active participation and utilization of Bitcoin for staking purposes. The imminent launch of BounceBit is highly anticipated by the community. At press time, Stacks (STX) was trading at $2.29, down 40% from its all-time high reached on April 1. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
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Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why

Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend. Not The Best Time To Buy Altcoins In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far.  Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market.  Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics.  He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that.  How To Make Your Buy List Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.  He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.  Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it.  Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists.  Total market cap continues to drop | Source: Crypto Total Market Cap on Tradingview.com Featured image from Coinposters, chart from Tradingview.com
Source : News Btc
Added today

Whale Alert: MATIC Poised For Epic Surge – Time To Dive In?

In the ever-volatile landscape of the cryptocurrency market, recent days have seen a surge in turbulence, with Bitcoin and leading altcoins struggling to maintain stability. Among them, MATIC, the native token of Polygon, hasn’t been immune to the downward pressure, experiencing a drop of nearly 2% in the past 24 hours alone. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? As of the latest data, MATIC is trading at $0.69, marking a 21% decrease compared to the previous week. Source: CoinMarketCap MATIC: Whales Seize The Opportunity Despite the market downturn, some seasoned investors are viewing this as an opportunity to stockpile MATIC at lower prices. Large holders, colloquially known as whales, have been particularly active during this period of volatility. Notably, there has been significant accumulation of MATIC by whales, with one notable investor scooping up nearly 2 million tokens. This trend of accumulation is further evidenced by an uptick in the number of wallets holding substantial amounts of the altcoin, ranging from 1,000 to 10 million coins. Which #altcoins did whales buy after the market dropped? We noticed a fresh wallet withdrew $17.43M #altcoins from #Binance in the past 3 hours, including: 48,922 $AVAX($1.86M) 621,003 $FET($1.45M) 5.14M $GRT($1.44M) 1.9M $MATIC($1.41M) 532,444 $OP($1.29M) 135,751 $RNDR($1.26M)… pic.twitter.com/peeRi3E3nR — Lookonchain (@lookonchain) April 15, 2024 Additionally, large transactions worth more than $100,000 have increased significantly, indicating a concerted effort by whales to buy the dip. Total crypto market cap is currently at $2.231 trillion. Chart: TradingView Bullish Sentiment Prevails Among Whales Whales remain steadfast in their bullish outlook for MATIC. Data shows that more than half of all whale positions for the crypto on Binance are long. This suggests that large investors are confident in the token’s potential for a short-term rebound. Their optimism is rooted in their belief in the underlying fundamentals of MATIC and its role within the Polygon ecosystem. However, amidst the backdrop of price volatility, there has been a surge in negative commentary surrounding the coin. The Weighted Sentiment indicator reflects an increase in bearish sentiment, potentially influencing retail investors’ participation. Source: Santiment Negative discourse, particularly on social media platforms, can have a significant impact on market sentiment and investor behavior. Retail investors, often swayed by discussions and sentiment online, may be cautious in their approach to MATIC amidst the prevailing negativity. Related Reading: Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat Furthermore, Santiment’s data analysis corroborates the uptick in whale activity and accumulation of MATIC during the market downturn. Santiment’s insights provide additional context to the trends observed in whale behavior, offering valuable information for market participants. While the cryptocurrency market grapples with uncertainty and price fluctuations, MATIC stands out as a focal point of activity. Whales are leveraging the market downturn to accumulate MATIC, expressing confidence in its future prospects. Despite challenges posed by negative commentary, the bullish sentiment among whales underscores the resilience of MATIC within the broader crypto landscape. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat

In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s — JAVON⚡️MARKS (@JavonTM1) April 5, 2024 Resilience Amidst Challenges XRP has weathered its fair share of storms in recent weeks, experiencing a 24% decline from April 11 to 13, sending it to its lowest value since May 2023. Despite this setback, the digital asset showed resilience, bouncing back with a 5% rise on April 14. However, this recovery was short-lived as bearish sentiments regained control. Chart: TradingView At the time of writing, XRP was trading at $0.50, up a measly 0.7% in the last 24 hours, but sustained an 18.2% loss in the weekly timeframe, data from Coingecko shows. Source: Coingecko A psychological support, the $0.5 level tends to keep people comfortable if the price stays above it; a decline below it can alarm them. A breakdown below this level is significant because it may encourage traders to sell more because they think the price will drop even further. XRP market cap currently atis now trading at $63,454. Chart: TradingView Analyzing The Trends Marks’ analysis hinges on XRP’s historical performance, particularly its ability to break out of downward trendlines. He points to a significant breakout in July 2023 following a pivotal ruling in the SEC vs. Ripple case. Despite subsequent corrections and occasional bearish pressure, XRP has managed to remain above these trendlines, signaling a strong bullish trend that Marks believes will pave the way for a monumental price surge. Short-Term Challenges Despite the long-term optimism, XRP faces immediate challenges in the form of resistance and bearish sentiments. Trading below the 50-day Exponential Moving Average (EMA) and struggling to surpass the $0.50 mark, XRP must navigate through short-term obstacles before realizing its full potential. Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value As XRP enthusiasts eagerly await the fulfillment of Marks’ bold prediction, it’s essential to acknowledge the inherent volatility and uncertainty that characterizes the cryptocurrency market. Factors such as regulatory developments, market dynamics, and broader trends within the cryptocurrency space can all influence XRP’s price trajectory. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

Bitcoin Displays Bullish Adam And Eve Double Bottom: What It Means

In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and equally swift rebound. This is followed by a more rounded, gradual, and wider “Eve” trough, suggesting a slower and more deliberate price recovery. Bitcoin Targets Its All-Time High In this analysis, the price level to watch is marked by a horizontal yellow line, which Inks suggests is the neckline of the pattern. A breakout and close above this neckline would confirm the pattern, signaling a potential bullish reversal. The importance of this neckline, which lies around the $67,000 price level, cannot be overstated as it represents a key resistance point that the price needs to surpass to confirm the pattern. Related Reading: Why The Bitcoin Halving Matters, But Not The Way You Think: Expert To derive the target of the pattern, Inks uses the depth of the formation, measuring from the neckline to the lowest point of the Adam trough. This height (8.88%) is then projected upward from the breakout point, suggesting that the pattern target would be in the area of $73,000, close to Bitcoin’s all-time high (ATH). Other technical indicators on the chart include volume, the Relative Strength Index (RSI), and the Stochastic RSI. Volume, denoted at the bottom of the chart, has shown a significant peak at the formation of the Adam bottom, followed by less pronounced volume during the formation of the Eve. This volume profile often accompanies the Adam and Eve pattern and can serve as a confirmation signal of the bullish sentiment. Related Reading: The $86,500 Bitcoin Question: Will The Halving Spark A Price Surge This April? The RSI, a momentum oscillator that measures the speed and change of price movements, is at 47, neutral territory, showing that neither bulls nor bears have gained full control yet. The Stochastic RSI, a more sensitive indicator that combines the features of stochastic oscillators and RSI, is indicating a strong upward momentum, with a reading above 95 out of 100, which could suggest potential for a short-term pullback due to overbought conditions. Finally, it’s important to note that the Stochastic RSI is showing a crossover in the overbought territory, which can sometimes precede a price correction. However, given the bullish pattern indicated by the Adam and Eve formation, the sentiment appears to lean towards an optimistic outlook. If BTC price breaks above $67,000 and closes a hour-candle above this threshold, the bulls could target the all-time high at $73,780. At press time, BTC traded at $63,571. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
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Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value

As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). At the time of writing, ADA was trading at $0.45, down 1.8% and 21.9% in daily and weekly timeframes, data from Coingecko shows. With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Related Reading: CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this support level, analysts warn of a potential plunge to $0.25. However, if Cardano manages to hold this level, it could signal the formation of a double bottom, potentially paving the way for a rally towards the $1 mark. 🚨 #ADA has taken a hit and panic is setting in. But is this truly the end? 🧵👇 I’ve gathered crucial insights. Let’s demystify the chaos with facts. A must read, short thread 📊📈 pic.twitter.com/gYWHPHmylk — Trend Rider (@TrendRidersTR) April 15, 2024 Amidst this uncertainty, the fate of Cardano appears intricately linked to the movements of Bitcoin, the dominant force in the cryptocurrency market. Chart: TradingView Bitcoin’s Influence On ADA Trajectory As Bitcoin charts its own course, Cardano investors are keenly aware of the impact that the flagship cryptocurrency’s movements can have on ADA’s price action. Should Bitcoin embark on a bullish trajectory, it could trigger a sharp decline in altcoins like Cardano, followed by a swift rebound. Bitcoin is currently trading at $63.989. Chart: TradingView Conversely, a bearish path for Bitcoin could spell an extended period of bearish sentiment for the broader crypto market, including Cardano. Despite the uncertainty surrounding Cardano’s future, Trend Rider advises investors to remain calm and adhere to their investment strategies. ADA retreating in the last 24 hours. Source: Coingecko In addition to providing guidance for navigating the current market conditions, Trend Rider draws parallels between Cardano’s present situation and its historical performance. Historical Comparisons Offer Hope Amidst Uncertainty Drawing from history, Trend Rider points to Cardano’s resilience in the face of adversity. In October 2020, ADA experienced a significant drop in value, plummeting to a mere $0.10 before staging an impressive comeback, reaching a valuation of slightly over $3. Related Reading: Bitcoin Completes ‘End Run,’ Analyst Says – Here’s What It Means This historical precedent serves as a reminder that Cardano has weathered storms before, and may be poised for a similar resurgence in the face of adversity. As fear levels peak amidst Cardano’s testing of major support thresholds, investors are reminded of the importance of maintaining a steady hand and a long-term perspective. Featured image from Pexels, chart from TradingView
Source : News Btc
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XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance. Another Decline? If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level. The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest the $0.420 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.480, $0.4550, and $0.420. Major Resistance Levels – $0.5140, $0.5440, and $0.600.
Source : News Btc
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Ethereum Price Stuck Near $3K, Indicators Show Risk of Downside Break

Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,280, above which the price might rise toward the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even climb toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. The next key support could be the $2,710 zone. A clear move below the $2,710 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,900 Major Resistance Level – $3,200
Source : News Btc
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Worldcoin Faces $1.2 Million Fine In Argentina For Law Violations; WLD’s Price Reacts

In recent months, Sam Altman’s open-source protocol Worldcoin (WLD) has faced increasing legal challenges as Portugal and Spain cracked down on its biometric data collection practices. Argentina has joined the list, issuing an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts.  Worldcoin Faces Legal Scrutiny In Buenos Aires Buenos Aires authorities have identified discrepancies between Worldcoin’s reported data handling practices and findings from provincial inspections, raising concerns about the storage and deletion of biometric data and potential infringements on user rights. The Ministry of Production, Science, and Technological Innovation of the province of Buenos Aires ordered the indictment of Worldcoin following an investigation by the Provincial Directorate for the Defense of Consumer Rights.  Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 The investigation revealed the inclusion of “abusive clauses” in the company’s accession contracts, which were allegedly in violation of the National Consumer Protection Law. Undersecretary Ariel Aguilar, responsible for Commercial Development and Promotion of Investments in the province, expressed concerns about the lack of transparency surrounding Worldcoin’s data processing procedures.  Aguilar questioned whether biometric data was being stored or immediately deleted, the existence of databases storing personal data of Argentine users, and the complexity of the contracts and operation of the entire system. The province’s inspections uncovered multiple violations in the adhesion contracts, including the “Terms and Conditions of Use,” “Privacy Notice,” and “Data Consent Form.”  Notably, the company failed to display signs indicating the minimum age requirement of 18 for accessing the service, potentially leading to the scanning of the personal data of minors. Contradictions In Worldcoin’s Handling Of Biometric Data Contradictions were also found between the company’s reported use, protection, and storage of biometric data collected from the faces and eyes of Argentine users. It appears that this private information is being stored in Brazil.  Additionally, abusive clauses were identified that allowed the company to interrupt the service without providing any repair or refund.  The contracts also allegedly forced users to waive collective redress claims and subjected them to foreign laws, specifically those of the Cayman Islands, with disputes to be resolved by arbitration in California, United States, violating Argentina’s Civil and Commercial Code. Worldcoin now faces potential fines of up to 1 billion pesos or $1.2 million.  The company had been operating in various cities in Buenos Aires. Worldcoin collected personal biometric data, such as iris and facial scans, in these locations through its Orb technology device. In exchange, users were offered the World App financial application on their phones and received cryptocurrency from Worldcoin’s native token, WLD. Unexpected Upswing Despite facing increasing legal scrutiny in recent months, including the latest development in Argentina, the token associated with the Worldcoin protocol, WLD, has experienced an unexpected surge of 2.6% within the past 24 hours, currently trading at $4.80. However, when examining key metrics, it becomes evident that the overall market correction has impacted WLD. CoinGecko data reveals that WLD’s trading volume in the last 24 hours amounts to $319,113,250, indicating a decrease of 7.10% compared to the previous day.  Additionally, WLD has witnessed a significant decline of over 58% from its all-time high of $11.74, reached on March 10. Related Reading: Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient Moreover, the token’s market capitalization has experienced a notable decrease. Since its peak of $1.4 billion recorded on March 17, the market cap has fallen below the billion-dollar level, currently standing at $920 million as of the time of writing. Featured image from Shutterstock, chart from TradingView.com
Source : News Btc
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Bitcoin Price Consolidates Below Hurdles, Can BTC Bounce Back?

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000 resistance zone. BTC started another decline and traded below the $65,000 support zone. It even declined below $62,000 before the bulls emerged. A low was formed near $61,551 and the price is now attempting a fresh recovery wave. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. Bitcoin price is trading below $65,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,250 level. It is close to the 50% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. The first major resistance could be $64,850. The next resistance now sits at $65,000. If there is a clear move above the $65,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,500. Source: BTCUSD on TradingView.com The next major resistance is near the $67,200 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Another Decline In BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $62,800 level. The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,500 level. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $63,000, followed by $62,000. Major Resistance Levels – $64,850, $65,000, and $67,000.
Source : Bit Coin News
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Crypto Market Continues to Slide — QCP Capital Reports Increasing Market Anxiety

Crypto Market Continues to Slide — QCP Capital Reports Increasing Market AnxietyThe cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
Source : Bit Coin News
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Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]
Source : Bit Coin News
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Bitcoin Technical Analysis: Key Indicators Signal Bearish Outlook

Bitcoin Technical Analysis: Key Indicators Signal Bearish OutlookAs bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last […]
Source : Bit Coin News
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Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk ContractsIn the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]
Source : Bit Coin News
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TRON DAO at Harvard Blockchain Conference and New TRON Builder Tour Stop

PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]
Source : Bit Coin News
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Australian Regulator Says Crypto Is a Debenture That Requires Regulation

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […]
Source : Bit Coin News
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More Than 250 Zambian Students Attend Hackathon; Over 100 Earn Smart Contract Development Certification

More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […]
Source : Bit Coin News
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Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

Bitmain Sets Release for L9 Miner, Promising Unchallenged Efficiency in Scrypt MiningAccording to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […]
Source : Bit Coin News
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Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications

News Bytes - Telegram's Founder Advocates for Crypto-Inspired Hardware to Boost Secure CommunicationsPavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […]
Source : Bit Coin News
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Stepn Partners With Adidas to Issue Genesis Sneakers NFTs

Stepn Partners With Adidas for Issuing Genesis Sneakers NFTsStepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […]
Source : CryptoNinjas
45 days ago

Top 5 Bitcoin ATM Locations in Athens for Fast and Easy Crypto Access

As a crypto analyst and frequent investor in the Greek digital currency market, I can confidently recommend Bcash for convenient and secure Bitcoin purchasing in Athens. With 10 strategically located crypto ATM hotspots spanning central Athens and the northern suburbs, Bcash enables instant access to leading cryptocurrencies like BTC, ETH, and USDT. Experience the Leading […]

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97 days ago

Bitwise launching spot bitcoin ETF (BITB)

Bitwise Asset Management, the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading today, January 11th. BITB will join Bitwise’s comprehensive suite of 18 crypto investment products, which currently includes five other crypto ETFs. “We expect significant demand for […]

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149 days ago

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment […]

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156 days ago

4 Things We’ve Learned About Owning Bitcoin in 2023

For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure you’re clued up and well-educated on the topic, especially if you’ve ever considered investing yourself. However, with so much misinformation floating […]

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198 days ago

Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and private. RPC nodes help process requests from decentralized applications (dApps). They are vital for improving the usability of web3 and for […]

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233 days ago

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot, futures, and margin trading. Whether a seasoned trader or just starting your cryptocurrency […]

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233 days ago

Hong Kong’s first licensed crypto exchange HashKey is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong. Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform […]

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295 days ago

Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running. ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and […]

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301 days ago

Maximize Your ETH Investment: The ETHphoria Vault by Pods

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices. ETHphoria is a low-risk, principal-protected strategy designed […]

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310 days ago

Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv. FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal. Who is […]

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315 days ago

What is DeFi Returns? A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem. All data displayed is sourced from the protocol’s smart contracts directly. The new DeFi Returns […]

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330 days ago

RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX’s position as a comprehensive provider of diverse staking needs, maneuvering quickly to the evolving crypto market landscape. Navigating the Ethereum ecosystem presents institutions with […]

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343 days ago

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. […]

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355 days ago

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of ‘Olliv,’ a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive, and swap cryptocurrency securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians. By leveraging CoinFlip’s existing network […]

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363 days ago

Crypto derivatives exchange Deribit to launch zero-fee spot trading

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives. Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution […]

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427 days ago

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Japan-based banking giant Nomura, announced today that its digital assets subsidiary, Laser Digital, has made a strategic investment in Infinity, a non-custodial interest rate protocol built on Ethereum. Infinity’s wholesale exchange, the first of several planned infrastructures, provides inter-exchange clearing, fixed and floating rate markets, as well as enterprise-grade risk management utilizing hybrid on-chain/off-chain infrastructures […]

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440 days ago

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. […]

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449 days ago

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% […]

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454 days ago

Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages to institutional traders including: Competitive Pricing & Execution: Liquidity is sourced from top-tier liquidity providers with deep liquidity pools, enabling counterparties […]

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Source : CryptoNinjas
459 days ago

Crypto securitization platform GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue certificates such AMCs (Actively Management Certificates). […]

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Source : CryptoNinjas
468 days ago

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the earliest staking platforms in the space, MyCointainer. Users of both […]

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Source : CryptoNinjas
485 days ago

DeFi protocol Pods raises $5.6M to support its structured crypto products dApp

Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more. The first strategy on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product focused […]

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Source : CryptoNinjas
491 days ago

Crypto derivatives exchange Deribit releases new client verification of assets tool

Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the functionality to verify their assets to be included in Deribit’s overall reserves. How it Works Deribit provides all addresses for all on-chain assets and it delivers […]

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Source : CryptoNinjas
497 days ago

Tenderly introduces TXN simulations on its blockchain gateway for efficient dApp development

Tenderly, creators of a blockchain development platform, today announced that it is the first web3 development platform to offer simulations through RPC on its Tenderly Web3 Gateway, the company’s production node as a service. Note, Tenderly already processes more than 50 million simulations per month through its Transaction Simulator. Now, the company is introducing the […]

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Source : CryptoNinjas
499 days ago

DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration

DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency. Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet […]

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Source : Miner Gate
1523 days ago

Monero Hard Fork and RandomX: Make CPU Mining Great Again

Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm.   Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has essentially moved XMR mining to CPU, […]

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Source : Miner Gate
1538 days ago

MinerGate coin list updates

MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will […]

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Source : Miner Gate
1757 days ago

MinerGate Exclusive: Interview with the chat moderator

Recently, we released our very own loyalty token – the MinerGate Token.  It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.  A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there […]

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Source : Miner Gate
1759 days ago

Welcome MinerGate xFast 1.5

Dear miners, The MinerGate team is working hard to bring you the best mining solutions and user-friendly services. Making MinerGate a multifunctional platform will allow our new users to understand all mining processes faster and benefit from the cutting edge technologies available for our seasoned miners. MinerGate xFast miner is a highly efficient and easily […]

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Source : Miner Gate
1769 days ago

MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp

For just a year, the EOS system has proved itself to be worthy of being a next-generation blockchain project with industry-leading scalability and transaction speed. Its philosophy and solutions are giving new opportunities to blockchain developers. Lots of dApps – a crucial part of the system – are now built on EOS. The number has […]

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Source : Miner Gate
1769 days ago

News from our partners LumiWallet. Get EOS account for free!

MinerGate is pleased to announce that our partner – Lumi Wallet, a highly secure multi-currency wallet – is launching an EOS account giveaway. This giveaway campaign has become possible due to the productive collaboration of MinerGate, Lumi Wallet, and Changelly. MinerGate believes in EOS due to its next generation and open source blockchain protocol that […]

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Source : Miner Gate
1778 days ago

MinerGate Has Become a DApp Service Provider

MinerGate has become a dApp Service Provider on the DAPP Network. It’s no secret that there have been some significant obstacles in the way of the efficient performance of dApp development. To develop on EOS, dApp developers must own and use RAM, which has its limitations. There are two of them: the high cost (more […]

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Source : Miner Gate
1798 days ago

MinerGate Token Is Now On EOSDAQ

Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]

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Source : Miner Gate
1805 days ago

HitBTC – The First Major Exchange To Support The MinerGate (MG) Token

Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]

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Source : Miner Gate
1815 days ago

MinerGate Token (MG): The Ultimate Loyalty Tool For Users

MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]

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Source : News Btc
Added today

Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving. Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in 2 days. If you missed 1,000x on BRC20 and Ordinals, if you missed 800x on STAMP, check out my watchlist of BTCfi altcoins poised to surge because of the halving.” Here’s a breakdown of the top altcoins Leshka.eth believes could benefit from the upcoming Bitcoin halving: 1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth when it was valued at a $9 million market cap, Hulvin has seen an impressive ascent, crossing a $30 million market cap. “I first mentioned it when it was at $9M market cap. Today it surpassed $30M MC and outperforming all other tokens on the market. Still much space for a price discovery,” Leshka.eth highlighted. The coin currently trades at $0.01298 with a daily volume of $5.8 million. 2. Map Protocol (MAP): Designed to simplify cross-blockchain transactions using light clients and zero-knowledge (ZK) proofs, MAP Protocol operates without relying on trusted third parties. It facilitates secure peer-to-peer connections and emphasizes compatibility across different blockchains. Currently, MAP is trading at $0.0248 with a $107 million market cap and a 24-hour trading volume of $3.2 million. Leshka.eth views it as a crucial infrastructure component for the evolving blockchain ecosystem. 3. Stacks (STX): As a layer built on top of the Bitcoin blockchain, Stacks introduces functionalities such as smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). It is often compared to the Lightning Network due to its extension of Bitcoin’s capabilities. Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason With a substantial market cap of $4.04 billion and a price of $2.29, Stacks represents a significant part of the BTCfi landscape. “Stacks transforms Bitcoin from a digital gold into a more expansive ecosystem capable of supporting a wide array of applications,” Leshka.eth noted. 4. Mintlayer (ML): This layer 2 solution enhances Bitcoin’s functionality by enabling DeFi, smart contracts, atomic swaps, NFTs, and dApps directly on the Bitcoin network. Trading at $0.38 with a market cap of $24 million and a daily volume of $2.5 million, Mintlayer stands out for its integrative approach to extending Bitcoin’s utility without the need for an entirely separate blockchain. 5. SatoshiSync (SSNC): Collaborating with LayerZero and Chainlink, SatoshiSync offers a toolkit for easing transactions on Bitcoin’s L1 and L2 layers. Even before its token launch, the platform had attracted over 50,000 users, underscoring its practical value. SSNC is priced at $0.1275, with a market cap of $124.7 million and modest daily transactions amounting to $0.45 million. 6. Bitcoin Virtual Machine (BVM): BVM is a rapidly growing Layer 2 solution for Bitcoin that allows users to create their own L2 networks, thereby enhancing the value of BVM tokens. The BVM team is also planning to introduce airdrops for BVM stakers, which Leshka.eth believes could “drive up demand for the tokens significantly.” BVM is currently trading at $5.35, with a market cap of $133.6 million and a 24-hour volume of $2.74 million. Related Reading: Arkham Releases Top 5 Crypto Rich List – You Won’t Believe How Much Is Inaccessible 7. Naka Chain (NAKA): Positioned as a cost-effective, high-speed Bitcoin L2 blockchain tailored for DeFi applications that utilize Bitcoin for gas fees, Naka Chain enables developers to port decentralized apps from Ethereum to Bitcoin with minimal changes. It functions similarly to the Ethereum Virtual Machine (EVM), enhancing its appeal. NAKA is trading at $0.026, with a market cap of $56.32 million and a daily volume of $128,000. 8. Elastos (ELA): Elastos aims to construct a blockchain-driven version of the internet, addressing scalability and flexibility issues found in Ethereum and other DApp platforms. With a market cap of $81 million and trading at $3.69, ELA focuses on building a robust infrastructure for a decentralized internet. 9. MVC (SPACE): This public blockchain integrates multiple technologies, including the UTXO model and Proof of Work (PoW), to deliver exceptional performance, minimal fees, and high decentralization. SPACE trades at $17.59 with a market cap of $52.3 million and a 24-hour volume of $1.31 million. 10. Photon: Touted as a superior traditional Layer 2 solution, Photon leverages the security of Bitcoin’s Layer 1 to support scalable decentralized applications, providing efficiency and flexibility comparable to Ethereum’s ecosystem. This project is one to watch, with its upcoming launch expected to attract significant attention. “Keep an eye out for its upcoming launch!,” Leshka.eth stated. 11. Additional Mention – BounceBit: BounceBit is a Bitcoin staking chain that allows users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages active participation and utilization of Bitcoin for staking purposes. The imminent launch of BounceBit is highly anticipated by the community. At press time, Stacks (STX) was trading at $2.29, down 40% from its all-time high reached on April 1. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
Added today

Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why

Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend. Not The Best Time To Buy Altcoins In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far.  Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market.  Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics.  He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that.  How To Make Your Buy List Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.  He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.  Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it.  Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists.  Total market cap continues to drop | Source: Crypto Total Market Cap on Tradingview.com Featured image from Coinposters, chart from Tradingview.com
Source : News Btc
Added today

Whale Alert: MATIC Poised For Epic Surge – Time To Dive In?

In the ever-volatile landscape of the cryptocurrency market, recent days have seen a surge in turbulence, with Bitcoin and leading altcoins struggling to maintain stability. Among them, MATIC, the native token of Polygon, hasn’t been immune to the downward pressure, experiencing a drop of nearly 2% in the past 24 hours alone. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? As of the latest data, MATIC is trading at $0.69, marking a 21% decrease compared to the previous week. Source: CoinMarketCap MATIC: Whales Seize The Opportunity Despite the market downturn, some seasoned investors are viewing this as an opportunity to stockpile MATIC at lower prices. Large holders, colloquially known as whales, have been particularly active during this period of volatility. Notably, there has been significant accumulation of MATIC by whales, with one notable investor scooping up nearly 2 million tokens. This trend of accumulation is further evidenced by an uptick in the number of wallets holding substantial amounts of the altcoin, ranging from 1,000 to 10 million coins. Which #altcoins did whales buy after the market dropped? We noticed a fresh wallet withdrew $17.43M #altcoins from #Binance in the past 3 hours, including: 48,922 $AVAX($1.86M) 621,003 $FET($1.45M) 5.14M $GRT($1.44M) 1.9M $MATIC($1.41M) 532,444 $OP($1.29M) 135,751 $RNDR($1.26M)… pic.twitter.com/peeRi3E3nR — Lookonchain (@lookonchain) April 15, 2024 Additionally, large transactions worth more than $100,000 have increased significantly, indicating a concerted effort by whales to buy the dip. Total crypto market cap is currently at $2.231 trillion. Chart: TradingView Bullish Sentiment Prevails Among Whales Whales remain steadfast in their bullish outlook for MATIC. Data shows that more than half of all whale positions for the crypto on Binance are long. This suggests that large investors are confident in the token’s potential for a short-term rebound. Their optimism is rooted in their belief in the underlying fundamentals of MATIC and its role within the Polygon ecosystem. However, amidst the backdrop of price volatility, there has been a surge in negative commentary surrounding the coin. The Weighted Sentiment indicator reflects an increase in bearish sentiment, potentially influencing retail investors’ participation. Source: Santiment Negative discourse, particularly on social media platforms, can have a significant impact on market sentiment and investor behavior. Retail investors, often swayed by discussions and sentiment online, may be cautious in their approach to MATIC amidst the prevailing negativity. Related Reading: Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat Furthermore, Santiment’s data analysis corroborates the uptick in whale activity and accumulation of MATIC during the market downturn. Santiment’s insights provide additional context to the trends observed in whale behavior, offering valuable information for market participants. While the cryptocurrency market grapples with uncertainty and price fluctuations, MATIC stands out as a focal point of activity. Whales are leveraging the market downturn to accumulate MATIC, expressing confidence in its future prospects. Despite challenges posed by negative commentary, the bullish sentiment among whales underscores the resilience of MATIC within the broader crypto landscape. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat

In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s — JAVON⚡️MARKS (@JavonTM1) April 5, 2024 Resilience Amidst Challenges XRP has weathered its fair share of storms in recent weeks, experiencing a 24% decline from April 11 to 13, sending it to its lowest value since May 2023. Despite this setback, the digital asset showed resilience, bouncing back with a 5% rise on April 14. However, this recovery was short-lived as bearish sentiments regained control. Chart: TradingView At the time of writing, XRP was trading at $0.50, up a measly 0.7% in the last 24 hours, but sustained an 18.2% loss in the weekly timeframe, data from Coingecko shows. Source: Coingecko A psychological support, the $0.5 level tends to keep people comfortable if the price stays above it; a decline below it can alarm them. A breakdown below this level is significant because it may encourage traders to sell more because they think the price will drop even further. XRP market cap currently atis now trading at $63,454. Chart: TradingView Analyzing The Trends Marks’ analysis hinges on XRP’s historical performance, particularly its ability to break out of downward trendlines. He points to a significant breakout in July 2023 following a pivotal ruling in the SEC vs. Ripple case. Despite subsequent corrections and occasional bearish pressure, XRP has managed to remain above these trendlines, signaling a strong bullish trend that Marks believes will pave the way for a monumental price surge. Short-Term Challenges Despite the long-term optimism, XRP faces immediate challenges in the form of resistance and bearish sentiments. Trading below the 50-day Exponential Moving Average (EMA) and struggling to surpass the $0.50 mark, XRP must navigate through short-term obstacles before realizing its full potential. Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value As XRP enthusiasts eagerly await the fulfillment of Marks’ bold prediction, it’s essential to acknowledge the inherent volatility and uncertainty that characterizes the cryptocurrency market. Factors such as regulatory developments, market dynamics, and broader trends within the cryptocurrency space can all influence XRP’s price trajectory. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

Bitcoin Displays Bullish Adam And Eve Double Bottom: What It Means

In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and equally swift rebound. This is followed by a more rounded, gradual, and wider “Eve” trough, suggesting a slower and more deliberate price recovery. Bitcoin Targets Its All-Time High In this analysis, the price level to watch is marked by a horizontal yellow line, which Inks suggests is the neckline of the pattern. A breakout and close above this neckline would confirm the pattern, signaling a potential bullish reversal. The importance of this neckline, which lies around the $67,000 price level, cannot be overstated as it represents a key resistance point that the price needs to surpass to confirm the pattern. Related Reading: Why The Bitcoin Halving Matters, But Not The Way You Think: Expert To derive the target of the pattern, Inks uses the depth of the formation, measuring from the neckline to the lowest point of the Adam trough. This height (8.88%) is then projected upward from the breakout point, suggesting that the pattern target would be in the area of $73,000, close to Bitcoin’s all-time high (ATH). Other technical indicators on the chart include volume, the Relative Strength Index (RSI), and the Stochastic RSI. Volume, denoted at the bottom of the chart, has shown a significant peak at the formation of the Adam bottom, followed by less pronounced volume during the formation of the Eve. This volume profile often accompanies the Adam and Eve pattern and can serve as a confirmation signal of the bullish sentiment. Related Reading: The $86,500 Bitcoin Question: Will The Halving Spark A Price Surge This April? The RSI, a momentum oscillator that measures the speed and change of price movements, is at 47, neutral territory, showing that neither bulls nor bears have gained full control yet. The Stochastic RSI, a more sensitive indicator that combines the features of stochastic oscillators and RSI, is indicating a strong upward momentum, with a reading above 95 out of 100, which could suggest potential for a short-term pullback due to overbought conditions. Finally, it’s important to note that the Stochastic RSI is showing a crossover in the overbought territory, which can sometimes precede a price correction. However, given the bullish pattern indicated by the Adam and Eve formation, the sentiment appears to lean towards an optimistic outlook. If BTC price breaks above $67,000 and closes a hour-candle above this threshold, the bulls could target the all-time high at $73,780. At press time, BTC traded at $63,571. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
Added today

Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value

As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). At the time of writing, ADA was trading at $0.45, down 1.8% and 21.9% in daily and weekly timeframes, data from Coingecko shows. With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Related Reading: CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this support level, analysts warn of a potential plunge to $0.25. However, if Cardano manages to hold this level, it could signal the formation of a double bottom, potentially paving the way for a rally towards the $1 mark. 🚨 #ADA has taken a hit and panic is setting in. But is this truly the end? 🧵👇 I’ve gathered crucial insights. Let’s demystify the chaos with facts. A must read, short thread 📊📈 pic.twitter.com/gYWHPHmylk — Trend Rider (@TrendRidersTR) April 15, 2024 Amidst this uncertainty, the fate of Cardano appears intricately linked to the movements of Bitcoin, the dominant force in the cryptocurrency market. Chart: TradingView Bitcoin’s Influence On ADA Trajectory As Bitcoin charts its own course, Cardano investors are keenly aware of the impact that the flagship cryptocurrency’s movements can have on ADA’s price action. Should Bitcoin embark on a bullish trajectory, it could trigger a sharp decline in altcoins like Cardano, followed by a swift rebound. Bitcoin is currently trading at $63.989. Chart: TradingView Conversely, a bearish path for Bitcoin could spell an extended period of bearish sentiment for the broader crypto market, including Cardano. Despite the uncertainty surrounding Cardano’s future, Trend Rider advises investors to remain calm and adhere to their investment strategies. ADA retreating in the last 24 hours. Source: Coingecko In addition to providing guidance for navigating the current market conditions, Trend Rider draws parallels between Cardano’s present situation and its historical performance. Historical Comparisons Offer Hope Amidst Uncertainty Drawing from history, Trend Rider points to Cardano’s resilience in the face of adversity. In October 2020, ADA experienced a significant drop in value, plummeting to a mere $0.10 before staging an impressive comeback, reaching a valuation of slightly over $3. Related Reading: Bitcoin Completes ‘End Run,’ Analyst Says – Here’s What It Means This historical precedent serves as a reminder that Cardano has weathered storms before, and may be poised for a similar resurgence in the face of adversity. As fear levels peak amidst Cardano’s testing of major support thresholds, investors are reminded of the importance of maintaining a steady hand and a long-term perspective. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance. Another Decline? If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level. The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest the $0.420 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.480, $0.4550, and $0.420. Major Resistance Levels – $0.5140, $0.5440, and $0.600.
Source : News Btc
Added today

Ethereum Price Stuck Near $3K, Indicators Show Risk of Downside Break

Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,280, above which the price might rise toward the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even climb toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. The next key support could be the $2,710 zone. A clear move below the $2,710 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,900 Major Resistance Level – $3,200
Source : News Btc
Added today

Worldcoin Faces $1.2 Million Fine In Argentina For Law Violations; WLD’s Price Reacts

In recent months, Sam Altman’s open-source protocol Worldcoin (WLD) has faced increasing legal challenges as Portugal and Spain cracked down on its biometric data collection practices. Argentina has joined the list, issuing an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts.  Worldcoin Faces Legal Scrutiny In Buenos Aires Buenos Aires authorities have identified discrepancies between Worldcoin’s reported data handling practices and findings from provincial inspections, raising concerns about the storage and deletion of biometric data and potential infringements on user rights. The Ministry of Production, Science, and Technological Innovation of the province of Buenos Aires ordered the indictment of Worldcoin following an investigation by the Provincial Directorate for the Defense of Consumer Rights.  Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 The investigation revealed the inclusion of “abusive clauses” in the company’s accession contracts, which were allegedly in violation of the National Consumer Protection Law. Undersecretary Ariel Aguilar, responsible for Commercial Development and Promotion of Investments in the province, expressed concerns about the lack of transparency surrounding Worldcoin’s data processing procedures.  Aguilar questioned whether biometric data was being stored or immediately deleted, the existence of databases storing personal data of Argentine users, and the complexity of the contracts and operation of the entire system. The province’s inspections uncovered multiple violations in the adhesion contracts, including the “Terms and Conditions of Use,” “Privacy Notice,” and “Data Consent Form.”  Notably, the company failed to display signs indicating the minimum age requirement of 18 for accessing the service, potentially leading to the scanning of the personal data of minors. Contradictions In Worldcoin’s Handling Of Biometric Data Contradictions were also found between the company’s reported use, protection, and storage of biometric data collected from the faces and eyes of Argentine users. It appears that this private information is being stored in Brazil.  Additionally, abusive clauses were identified that allowed the company to interrupt the service without providing any repair or refund.  The contracts also allegedly forced users to waive collective redress claims and subjected them to foreign laws, specifically those of the Cayman Islands, with disputes to be resolved by arbitration in California, United States, violating Argentina’s Civil and Commercial Code. Worldcoin now faces potential fines of up to 1 billion pesos or $1.2 million.  The company had been operating in various cities in Buenos Aires. Worldcoin collected personal biometric data, such as iris and facial scans, in these locations through its Orb technology device. In exchange, users were offered the World App financial application on their phones and received cryptocurrency from Worldcoin’s native token, WLD. Unexpected Upswing Despite facing increasing legal scrutiny in recent months, including the latest development in Argentina, the token associated with the Worldcoin protocol, WLD, has experienced an unexpected surge of 2.6% within the past 24 hours, currently trading at $4.80. However, when examining key metrics, it becomes evident that the overall market correction has impacted WLD. CoinGecko data reveals that WLD’s trading volume in the last 24 hours amounts to $319,113,250, indicating a decrease of 7.10% compared to the previous day.  Additionally, WLD has witnessed a significant decline of over 58% from its all-time high of $11.74, reached on March 10. Related Reading: Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient Moreover, the token’s market capitalization has experienced a notable decrease. Since its peak of $1.4 billion recorded on March 17, the market cap has fallen below the billion-dollar level, currently standing at $920 million as of the time of writing. Featured image from Shutterstock, chart from TradingView.com
Source : News Btc
Added today

Bitcoin Price Consolidates Below Hurdles, Can BTC Bounce Back?

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000 resistance zone. BTC started another decline and traded below the $65,000 support zone. It even declined below $62,000 before the bulls emerged. A low was formed near $61,551 and the price is now attempting a fresh recovery wave. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. Bitcoin price is trading below $65,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,250 level. It is close to the 50% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. The first major resistance could be $64,850. The next resistance now sits at $65,000. If there is a clear move above the $65,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,500. Source: BTCUSD on TradingView.com The next major resistance is near the $67,200 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Another Decline In BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $62,800 level. The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,500 level. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $63,000, followed by $62,000. Major Resistance Levels – $64,850, $65,000, and $67,000.
Source : Bit Coin News
Added today

Crypto Market Continues to Slide — QCP Capital Reports Increasing Market Anxiety

Crypto Market Continues to Slide — QCP Capital Reports Increasing Market AnxietyThe cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
Source : Bit Coin News
Added today

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]
Source : Bit Coin News
Added today

Bitcoin Technical Analysis: Key Indicators Signal Bearish Outlook

Bitcoin Technical Analysis: Key Indicators Signal Bearish OutlookAs bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last […]
Source : Bit Coin News
Added today

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk ContractsIn the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]
Source : Bit Coin News
Added today

TRON DAO at Harvard Blockchain Conference and New TRON Builder Tour Stop

PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]
Source : Bit Coin News
Added today

Australian Regulator Says Crypto Is a Debenture That Requires Regulation

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […]
Source : Bit Coin News
Added today

More Than 250 Zambian Students Attend Hackathon; Over 100 Earn Smart Contract Development Certification

More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […]
Source : Bit Coin News
Added today

Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

Bitmain Sets Release for L9 Miner, Promising Unchallenged Efficiency in Scrypt MiningAccording to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […]
Source : Bit Coin News
Added today

Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications

News Bytes - Telegram's Founder Advocates for Crypto-Inspired Hardware to Boost Secure CommunicationsPavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […]
Source : Bit Coin News
Added today

Stepn Partners With Adidas to Issue Genesis Sneakers NFTs

Stepn Partners With Adidas for Issuing Genesis Sneakers NFTsStepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […]
Source : Wallet Invester
2032 days ago

Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08

Hot news: These changes have happened in the last hour.

In the last one hour Bitcoin is leading the record of among the most popular crypto-currency in the trading ecosystem, it has an decrease of -0.33% from its previous value from 6631.875 dollars now at 6609.990 dollars exchange rate. Next to Bitcoin is T..

The post Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08

Hot news: The summaries of the last one hour are the followings:

Bitcoin is leading the rank on the most popular crypto-currency, it has an upsurge of 0.12% in its exchange rate, which means 6668.000 dollars from the 6660.008 dollars earlier. Tether is in the second position as Bitcoin leads the first spot. ..

The post Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

In the last hour, Bitcoin is leading the cryptocurrency rank. A fall in the exchange rate was seen from 6663.014 dollars to 6640.360 dollars a -0.34% change. Next to Bitcoin is Tether in the second position..

The post Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07

Hot news: Here you can read the new CryptoCurrency report of the last 60 Minutes.

Bitcoin is leading the rank in the last hour as the most popular crypto currency in the trade market, with a recorded fall on its value of about -0.12% in the last hour with a current standing rate of 6674.850 dollars from 6682..

The post Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07

Hot news: There were a lot of happenings in the last 60 minutes on the Crypto stock exchanges.

Bitcoin is listed as the most popular cryptocurrency in the market. In the last sixty minutes, it had an downswing of -0.19% on its trading price. This means from 6699.038 dollars now at 6686.310 dollars. Tether is..

The post Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07

Hot news: Now we show you the newest summary of 60 minutes.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an decrease of -0% in its exchange rate from 6704.570 dollars now at 6704.570 dollars. Bitcoin is seconded by Tether, in a 60 minutes time it has a drop..

The post Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

Bitcoin was in the top position in the last hour, the exchange rate decreases from 6710.021 dollars to 6709.350. This is a -0.01% recorded change. Tether is at the second position next to Bitcoin, with a re..

The post Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07

Hot news: These changes have happened in the last hour.

Bitcoin was in the top position in the last hour, the exchange rate increases from 6689.711 dollars to 6709.780. This is a 0.3% recorded change. Bitcoin is followed by Tether, with a -0.07% tumble on its trade value in the last one hour, equivalent to 0..

The post Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2033 days ago

Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

The number one cryptocurrency leader is Bitcoin, this data was fetched in the last hour. It has an decrease on its trade value to -0.2%, now at 6687.450 dollars from 6700.852. Tether is at the second positi..

The post Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2033 days ago

Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07

Hot news: These are the changes of the CryptoCurrency market in the last one hour.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an increase of 0.05% in its exchange rate from 6689.215 dollars now at 6692.560 dollars. Tether is next to the leading crypto Bit..

The post Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07 appeared first on CryptoCurrency Blog.

Source : CryptoNinjas
45 days ago

Top 5 Bitcoin ATM Locations in Athens for Fast and Easy Crypto Access

As a crypto analyst and frequent investor in the Greek digital currency market, I can confidently recommend Bcash for convenient and secure Bitcoin purchasing in Athens. With 10 strategically located crypto ATM hotspots spanning central Athens and the northern suburbs, Bcash enables instant access to leading cryptocurrencies like BTC, ETH, and USDT. Experience the Leading […]

The post Top 5 Bitcoin ATM Locations in Athens for Fast and Easy Crypto Access appeared first on CryptoNinjas.

Source : CryptoNinjas
97 days ago

Bitwise launching spot bitcoin ETF (BITB)

Bitwise Asset Management, the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading today, January 11th. BITB will join Bitwise’s comprehensive suite of 18 crypto investment products, which currently includes five other crypto ETFs. “We expect significant demand for […]

The post Bitwise launching spot bitcoin ETF (BITB) appeared first on CryptoNinjas.

Source : CryptoNinjas
149 days ago

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment […]

The post Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins? appeared first on CryptoNinjas.

Source : CryptoNinjas
156 days ago

4 Things We’ve Learned About Owning Bitcoin in 2023

For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure you’re clued up and well-educated on the topic, especially if you’ve ever considered investing yourself. However, with so much misinformation floating […]

The post 4 Things We’ve Learned About Owning Bitcoin in 2023 appeared first on CryptoNinjas.

Source : CryptoNinjas
198 days ago

Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and private. RPC nodes help process requests from decentralized applications (dApps). They are vital for improving the usability of web3 and for […]

The post Fuse Network welcomes Liquify as new blockchain infrastructure partner appeared first on CryptoNinjas.

Source : CryptoNinjas
233 days ago

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot, futures, and margin trading. Whether a seasoned trader or just starting your cryptocurrency […]

The post BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies appeared first on CryptoNinjas.

Source : CryptoNinjas
233 days ago

Hong Kong’s first licensed crypto exchange HashKey is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong. Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform […]

The post Hong Kong’s first licensed crypto exchange HashKey is now live appeared first on CryptoNinjas.

Source : CryptoNinjas
295 days ago

Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running. ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and […]

The post Adenasoft launches new crypto exchange white label solution: ACE appeared first on CryptoNinjas.

Source : CryptoNinjas
301 days ago

Maximize Your ETH Investment: The ETHphoria Vault by Pods

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices. ETHphoria is a low-risk, principal-protected strategy designed […]

The post Maximize Your ETH Investment: The ETHphoria Vault by Pods appeared first on CryptoNinjas.

Source : CryptoNinjas
310 days ago

Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv. FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal. Who is […]

The post Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet appeared first on CryptoNinjas.

Source : CryptoNinjas
315 days ago

What is DeFi Returns? A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem. All data displayed is sourced from the protocol’s smart contracts directly. The new DeFi Returns […]

The post What is DeFi Returns? A new way of DeFi Investing appeared first on CryptoNinjas.

Source : CryptoNinjas
330 days ago

RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX’s position as a comprehensive provider of diverse staking needs, maneuvering quickly to the evolving crypto market landscape. Navigating the Ethereum ecosystem presents institutions with […]

The post RockX broadens suite with launch of new ether (ETH) native staking solution appeared first on CryptoNinjas.

Source : CryptoNinjas
343 days ago

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. […]

The post The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets appeared first on CryptoNinjas.

Source : CryptoNinjas
355 days ago

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of ‘Olliv,’ a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive, and swap cryptocurrency securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians. By leveraging CoinFlip’s existing network […]

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Source : CryptoNinjas
363 days ago

Crypto derivatives exchange Deribit to launch zero-fee spot trading

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives. Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution […]

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Source : CryptoNinjas
427 days ago

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Japan-based banking giant Nomura, announced today that its digital assets subsidiary, Laser Digital, has made a strategic investment in Infinity, a non-custodial interest rate protocol built on Ethereum. Infinity’s wholesale exchange, the first of several planned infrastructures, provides inter-exchange clearing, fixed and floating rate markets, as well as enterprise-grade risk management utilizing hybrid on-chain/off-chain infrastructures […]

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Source : CryptoNinjas
440 days ago

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. […]

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Source : CryptoNinjas
449 days ago

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% […]

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Source : CryptoNinjas
454 days ago

Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages to institutional traders including: Competitive Pricing & Execution: Liquidity is sourced from top-tier liquidity providers with deep liquidity pools, enabling counterparties […]

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Source : CryptoNinjas
459 days ago

Crypto securitization platform GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue certificates such AMCs (Actively Management Certificates). […]

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Source : CryptoNinjas
468 days ago

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the earliest staking platforms in the space, MyCointainer. Users of both […]

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Source : CryptoNinjas
485 days ago

DeFi protocol Pods raises $5.6M to support its structured crypto products dApp

Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more. The first strategy on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product focused […]

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Source : CryptoNinjas
491 days ago

Crypto derivatives exchange Deribit releases new client verification of assets tool

Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the functionality to verify their assets to be included in Deribit’s overall reserves. How it Works Deribit provides all addresses for all on-chain assets and it delivers […]

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Source : CryptoNinjas
497 days ago

Tenderly introduces TXN simulations on its blockchain gateway for efficient dApp development

Tenderly, creators of a blockchain development platform, today announced that it is the first web3 development platform to offer simulations through RPC on its Tenderly Web3 Gateway, the company’s production node as a service. Note, Tenderly already processes more than 50 million simulations per month through its Transaction Simulator. Now, the company is introducing the […]

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Source : CryptoNinjas
499 days ago

DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration

DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency. Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet […]

The post DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration appeared first on CryptoNinjas.

Source : Miner Gate
1523 days ago

Monero Hard Fork and RandomX: Make CPU Mining Great Again

Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm.   Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has essentially moved XMR mining to CPU, […]

The post Monero Hard Fork and RandomX: Make CPU Mining Great Again appeared first on Crypto Mining Blog.

Source : Miner Gate
1538 days ago

MinerGate coin list updates

MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will […]

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Source : Miner Gate
1757 days ago

MinerGate Exclusive: Interview with the chat moderator

Recently, we released our very own loyalty token – the MinerGate Token.  It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.  A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there […]

The post MinerGate Exclusive: Interview with the chat moderator appeared first on Crypto Mining Blog.

Source : Miner Gate
1759 days ago

Welcome MinerGate xFast 1.5

Dear miners, The MinerGate team is working hard to bring you the best mining solutions and user-friendly services. Making MinerGate a multifunctional platform will allow our new users to understand all mining processes faster and benefit from the cutting edge technologies available for our seasoned miners. MinerGate xFast miner is a highly efficient and easily […]

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Source : Miner Gate
1769 days ago

MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp

For just a year, the EOS system has proved itself to be worthy of being a next-generation blockchain project with industry-leading scalability and transaction speed. Its philosophy and solutions are giving new opportunities to blockchain developers. Lots of dApps – a crucial part of the system – are now built on EOS. The number has […]

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Source : Miner Gate
1769 days ago

News from our partners LumiWallet. Get EOS account for free!

MinerGate is pleased to announce that our partner – Lumi Wallet, a highly secure multi-currency wallet – is launching an EOS account giveaway. This giveaway campaign has become possible due to the productive collaboration of MinerGate, Lumi Wallet, and Changelly. MinerGate believes in EOS due to its next generation and open source blockchain protocol that […]

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Source : Miner Gate
1778 days ago

MinerGate Has Become a DApp Service Provider

MinerGate has become a dApp Service Provider on the DAPP Network. It’s no secret that there have been some significant obstacles in the way of the efficient performance of dApp development. To develop on EOS, dApp developers must own and use RAM, which has its limitations. There are two of them: the high cost (more […]

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Source : Miner Gate
1798 days ago

MinerGate Token Is Now On EOSDAQ

Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]

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Source : Miner Gate
1805 days ago

HitBTC – The First Major Exchange To Support The MinerGate (MG) Token

Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]

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Source : Miner Gate
1815 days ago

MinerGate Token (MG): The Ultimate Loyalty Tool For Users

MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]

The post MinerGate Token (MG): The Ultimate Loyalty Tool For Users appeared first on Crypto Mining Blog.

Source : News Btc
Added today

Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving. Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in 2 days. If you missed 1,000x on BRC20 and Ordinals, if you missed 800x on STAMP, check out my watchlist of BTCfi altcoins poised to surge because of the halving.” Here’s a breakdown of the top altcoins Leshka.eth believes could benefit from the upcoming Bitcoin halving: 1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth when it was valued at a $9 million market cap, Hulvin has seen an impressive ascent, crossing a $30 million market cap. “I first mentioned it when it was at $9M market cap. Today it surpassed $30M MC and outperforming all other tokens on the market. Still much space for a price discovery,” Leshka.eth highlighted. The coin currently trades at $0.01298 with a daily volume of $5.8 million. 2. Map Protocol (MAP): Designed to simplify cross-blockchain transactions using light clients and zero-knowledge (ZK) proofs, MAP Protocol operates without relying on trusted third parties. It facilitates secure peer-to-peer connections and emphasizes compatibility across different blockchains. Currently, MAP is trading at $0.0248 with a $107 million market cap and a 24-hour trading volume of $3.2 million. Leshka.eth views it as a crucial infrastructure component for the evolving blockchain ecosystem. 3. Stacks (STX): As a layer built on top of the Bitcoin blockchain, Stacks introduces functionalities such as smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). It is often compared to the Lightning Network due to its extension of Bitcoin’s capabilities. Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason With a substantial market cap of $4.04 billion and a price of $2.29, Stacks represents a significant part of the BTCfi landscape. “Stacks transforms Bitcoin from a digital gold into a more expansive ecosystem capable of supporting a wide array of applications,” Leshka.eth noted. 4. Mintlayer (ML): This layer 2 solution enhances Bitcoin’s functionality by enabling DeFi, smart contracts, atomic swaps, NFTs, and dApps directly on the Bitcoin network. Trading at $0.38 with a market cap of $24 million and a daily volume of $2.5 million, Mintlayer stands out for its integrative approach to extending Bitcoin’s utility without the need for an entirely separate blockchain. 5. SatoshiSync (SSNC): Collaborating with LayerZero and Chainlink, SatoshiSync offers a toolkit for easing transactions on Bitcoin’s L1 and L2 layers. Even before its token launch, the platform had attracted over 50,000 users, underscoring its practical value. SSNC is priced at $0.1275, with a market cap of $124.7 million and modest daily transactions amounting to $0.45 million. 6. Bitcoin Virtual Machine (BVM): BVM is a rapidly growing Layer 2 solution for Bitcoin that allows users to create their own L2 networks, thereby enhancing the value of BVM tokens. The BVM team is also planning to introduce airdrops for BVM stakers, which Leshka.eth believes could “drive up demand for the tokens significantly.” BVM is currently trading at $5.35, with a market cap of $133.6 million and a 24-hour volume of $2.74 million. Related Reading: Arkham Releases Top 5 Crypto Rich List – You Won’t Believe How Much Is Inaccessible 7. Naka Chain (NAKA): Positioned as a cost-effective, high-speed Bitcoin L2 blockchain tailored for DeFi applications that utilize Bitcoin for gas fees, Naka Chain enables developers to port decentralized apps from Ethereum to Bitcoin with minimal changes. It functions similarly to the Ethereum Virtual Machine (EVM), enhancing its appeal. NAKA is trading at $0.026, with a market cap of $56.32 million and a daily volume of $128,000. 8. Elastos (ELA): Elastos aims to construct a blockchain-driven version of the internet, addressing scalability and flexibility issues found in Ethereum and other DApp platforms. With a market cap of $81 million and trading at $3.69, ELA focuses on building a robust infrastructure for a decentralized internet. 9. MVC (SPACE): This public blockchain integrates multiple technologies, including the UTXO model and Proof of Work (PoW), to deliver exceptional performance, minimal fees, and high decentralization. SPACE trades at $17.59 with a market cap of $52.3 million and a 24-hour volume of $1.31 million. 10. Photon: Touted as a superior traditional Layer 2 solution, Photon leverages the security of Bitcoin’s Layer 1 to support scalable decentralized applications, providing efficiency and flexibility comparable to Ethereum’s ecosystem. This project is one to watch, with its upcoming launch expected to attract significant attention. “Keep an eye out for its upcoming launch!,” Leshka.eth stated. 11. Additional Mention – BounceBit: BounceBit is a Bitcoin staking chain that allows users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages active participation and utilization of Bitcoin for staking purposes. The imminent launch of BounceBit is highly anticipated by the community. At press time, Stacks (STX) was trading at $2.29, down 40% from its all-time high reached on April 1. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
Added today

Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why

Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend. Not The Best Time To Buy Altcoins In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far.  Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market.  Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics.  He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that.  How To Make Your Buy List Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.  He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.  Related Reading: Crypto Expert Predicts Bitcoin Will Reach $650,000 Due To This Reason On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it.  Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists.  Total market cap continues to drop | Source: Crypto Total Market Cap on Tradingview.com Featured image from Coinposters, chart from Tradingview.com
Source : News Btc
Added today

Whale Alert: MATIC Poised For Epic Surge – Time To Dive In?

In the ever-volatile landscape of the cryptocurrency market, recent days have seen a surge in turbulence, with Bitcoin and leading altcoins struggling to maintain stability. Among them, MATIC, the native token of Polygon, hasn’t been immune to the downward pressure, experiencing a drop of nearly 2% in the past 24 hours alone. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? As of the latest data, MATIC is trading at $0.69, marking a 21% decrease compared to the previous week. Source: CoinMarketCap MATIC: Whales Seize The Opportunity Despite the market downturn, some seasoned investors are viewing this as an opportunity to stockpile MATIC at lower prices. Large holders, colloquially known as whales, have been particularly active during this period of volatility. Notably, there has been significant accumulation of MATIC by whales, with one notable investor scooping up nearly 2 million tokens. This trend of accumulation is further evidenced by an uptick in the number of wallets holding substantial amounts of the altcoin, ranging from 1,000 to 10 million coins. Which #altcoins did whales buy after the market dropped? We noticed a fresh wallet withdrew $17.43M #altcoins from #Binance in the past 3 hours, including: 48,922 $AVAX($1.86M) 621,003 $FET($1.45M) 5.14M $GRT($1.44M) 1.9M $MATIC($1.41M) 532,444 $OP($1.29M) 135,751 $RNDR($1.26M)… pic.twitter.com/peeRi3E3nR — Lookonchain (@lookonchain) April 15, 2024 Additionally, large transactions worth more than $100,000 have increased significantly, indicating a concerted effort by whales to buy the dip. Total crypto market cap is currently at $2.231 trillion. Chart: TradingView Bullish Sentiment Prevails Among Whales Whales remain steadfast in their bullish outlook for MATIC. Data shows that more than half of all whale positions for the crypto on Binance are long. This suggests that large investors are confident in the token’s potential for a short-term rebound. Their optimism is rooted in their belief in the underlying fundamentals of MATIC and its role within the Polygon ecosystem. However, amidst the backdrop of price volatility, there has been a surge in negative commentary surrounding the coin. The Weighted Sentiment indicator reflects an increase in bearish sentiment, potentially influencing retail investors’ participation. Source: Santiment Negative discourse, particularly on social media platforms, can have a significant impact on market sentiment and investor behavior. Retail investors, often swayed by discussions and sentiment online, may be cautious in their approach to MATIC amidst the prevailing negativity. Related Reading: Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat Furthermore, Santiment’s data analysis corroborates the uptick in whale activity and accumulation of MATIC during the market downturn. Santiment’s insights provide additional context to the trends observed in whale behavior, offering valuable information for market participants. While the cryptocurrency market grapples with uncertainty and price fluctuations, MATIC stands out as a focal point of activity. Whales are leveraging the market downturn to accumulate MATIC, expressing confidence in its future prospects. Despite challenges posed by negative commentary, the bullish sentiment among whales underscores the resilience of MATIC within the broader crypto landscape. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

Analyst Keeps Faith In XRP, Targets $288 Despite Price Retreat

In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s — JAVON⚡️MARKS (@JavonTM1) April 5, 2024 Resilience Amidst Challenges XRP has weathered its fair share of storms in recent weeks, experiencing a 24% decline from April 11 to 13, sending it to its lowest value since May 2023. Despite this setback, the digital asset showed resilience, bouncing back with a 5% rise on April 14. However, this recovery was short-lived as bearish sentiments regained control. Chart: TradingView At the time of writing, XRP was trading at $0.50, up a measly 0.7% in the last 24 hours, but sustained an 18.2% loss in the weekly timeframe, data from Coingecko shows. Source: Coingecko A psychological support, the $0.5 level tends to keep people comfortable if the price stays above it; a decline below it can alarm them. A breakdown below this level is significant because it may encourage traders to sell more because they think the price will drop even further. XRP market cap currently atis now trading at $63,454. Chart: TradingView Analyzing The Trends Marks’ analysis hinges on XRP’s historical performance, particularly its ability to break out of downward trendlines. He points to a significant breakout in July 2023 following a pivotal ruling in the SEC vs. Ripple case. Despite subsequent corrections and occasional bearish pressure, XRP has managed to remain above these trendlines, signaling a strong bullish trend that Marks believes will pave the way for a monumental price surge. Short-Term Challenges Despite the long-term optimism, XRP faces immediate challenges in the form of resistance and bearish sentiments. Trading below the 50-day Exponential Moving Average (EMA) and struggling to surpass the $0.50 mark, XRP must navigate through short-term obstacles before realizing its full potential. Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value As XRP enthusiasts eagerly await the fulfillment of Marks’ bold prediction, it’s essential to acknowledge the inherent volatility and uncertainty that characterizes the cryptocurrency market. Factors such as regulatory developments, market dynamics, and broader trends within the cryptocurrency space can all influence XRP’s price trajectory. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

Bitcoin Displays Bullish Adam And Eve Double Bottom: What It Means

In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and equally swift rebound. This is followed by a more rounded, gradual, and wider “Eve” trough, suggesting a slower and more deliberate price recovery. Bitcoin Targets Its All-Time High In this analysis, the price level to watch is marked by a horizontal yellow line, which Inks suggests is the neckline of the pattern. A breakout and close above this neckline would confirm the pattern, signaling a potential bullish reversal. The importance of this neckline, which lies around the $67,000 price level, cannot be overstated as it represents a key resistance point that the price needs to surpass to confirm the pattern. Related Reading: Why The Bitcoin Halving Matters, But Not The Way You Think: Expert To derive the target of the pattern, Inks uses the depth of the formation, measuring from the neckline to the lowest point of the Adam trough. This height (8.88%) is then projected upward from the breakout point, suggesting that the pattern target would be in the area of $73,000, close to Bitcoin’s all-time high (ATH). Other technical indicators on the chart include volume, the Relative Strength Index (RSI), and the Stochastic RSI. Volume, denoted at the bottom of the chart, has shown a significant peak at the formation of the Adam bottom, followed by less pronounced volume during the formation of the Eve. This volume profile often accompanies the Adam and Eve pattern and can serve as a confirmation signal of the bullish sentiment. Related Reading: The $86,500 Bitcoin Question: Will The Halving Spark A Price Surge This April? The RSI, a momentum oscillator that measures the speed and change of price movements, is at 47, neutral territory, showing that neither bulls nor bears have gained full control yet. The Stochastic RSI, a more sensitive indicator that combines the features of stochastic oscillators and RSI, is indicating a strong upward momentum, with a reading above 95 out of 100, which could suggest potential for a short-term pullback due to overbought conditions. Finally, it’s important to note that the Stochastic RSI is showing a crossover in the overbought territory, which can sometimes precede a price correction. However, given the bullish pattern indicated by the Adam and Eve formation, the sentiment appears to lean towards an optimistic outlook. If BTC price breaks above $67,000 and closes a hour-candle above this threshold, the bulls could target the all-time high at $73,780. At press time, BTC traded at $63,571. Featured image created with DALL·E, chart from TradingView.com
Source : News Btc
Added today

Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value

As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). At the time of writing, ADA was trading at $0.45, down 1.8% and 21.9% in daily and weekly timeframes, data from Coingecko shows. With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Related Reading: CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this support level, analysts warn of a potential plunge to $0.25. However, if Cardano manages to hold this level, it could signal the formation of a double bottom, potentially paving the way for a rally towards the $1 mark. 🚨 #ADA has taken a hit and panic is setting in. But is this truly the end? 🧵👇 I’ve gathered crucial insights. Let’s demystify the chaos with facts. A must read, short thread 📊📈 pic.twitter.com/gYWHPHmylk — Trend Rider (@TrendRidersTR) April 15, 2024 Amidst this uncertainty, the fate of Cardano appears intricately linked to the movements of Bitcoin, the dominant force in the cryptocurrency market. Chart: TradingView Bitcoin’s Influence On ADA Trajectory As Bitcoin charts its own course, Cardano investors are keenly aware of the impact that the flagship cryptocurrency’s movements can have on ADA’s price action. Should Bitcoin embark on a bullish trajectory, it could trigger a sharp decline in altcoins like Cardano, followed by a swift rebound. Bitcoin is currently trading at $63.989. Chart: TradingView Conversely, a bearish path for Bitcoin could spell an extended period of bearish sentiment for the broader crypto market, including Cardano. Despite the uncertainty surrounding Cardano’s future, Trend Rider advises investors to remain calm and adhere to their investment strategies. ADA retreating in the last 24 hours. Source: Coingecko In addition to providing guidance for navigating the current market conditions, Trend Rider draws parallels between Cardano’s present situation and its historical performance. Historical Comparisons Offer Hope Amidst Uncertainty Drawing from history, Trend Rider points to Cardano’s resilience in the face of adversity. In October 2020, ADA experienced a significant drop in value, plummeting to a mere $0.10 before staging an impressive comeback, reaching a valuation of slightly over $3. Related Reading: Bitcoin Completes ‘End Run,’ Analyst Says – Here’s What It Means This historical precedent serves as a reminder that Cardano has weathered storms before, and may be poised for a similar resurgence in the face of adversity. As fear levels peak amidst Cardano’s testing of major support thresholds, investors are reminded of the importance of maintaining a steady hand and a long-term perspective. Featured image from Pexels, chart from TradingView
Source : News Btc
Added today

XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The price is now trading below $0.550 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.5140 level and the 50% Fib retracement level of the downward move from the $0.6420 swing high to the $0.3875 low. The next key resistance is near $0.540. There is also a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair. A close above the $0.540 resistance zone could spark a strong increase. The next key resistance is near $0.600. Source: XRPUSD on TradingView.com If the bulls remain in action above the $0.600 resistance level, there could be a rally toward the $0.6240 resistance. Any more gains might send the price toward the $0.700 resistance. Another Decline? If XRP fails to clear the $0.5440 resistance zone, it could start another decline. Initial support on the downside is near the $0.480 level. The next major support is at $0.4550. If there is a downside break and a close below the $0.4550 level, the price might accelerate lower. In the stated case, the price could retest the $0.420 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.480, $0.4550, and $0.420. Major Resistance Levels – $0.5140, $0.5440, and $0.600.
Source : News Btc
Added today

Ethereum Price Stuck Near $3K, Indicators Show Risk of Downside Break

Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,280, above which the price might rise toward the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even climb toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. The next key support could be the $2,710 zone. A clear move below the $2,710 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,900 Major Resistance Level – $3,200
Source : News Btc
Added today

Worldcoin Faces $1.2 Million Fine In Argentina For Law Violations; WLD’s Price Reacts

In recent months, Sam Altman’s open-source protocol Worldcoin (WLD) has faced increasing legal challenges as Portugal and Spain cracked down on its biometric data collection practices. Argentina has joined the list, issuing an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts.  Worldcoin Faces Legal Scrutiny In Buenos Aires Buenos Aires authorities have identified discrepancies between Worldcoin’s reported data handling practices and findings from provincial inspections, raising concerns about the storage and deletion of biometric data and potential infringements on user rights. The Ministry of Production, Science, and Technological Innovation of the province of Buenos Aires ordered the indictment of Worldcoin following an investigation by the Provincial Directorate for the Defense of Consumer Rights.  Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 The investigation revealed the inclusion of “abusive clauses” in the company’s accession contracts, which were allegedly in violation of the National Consumer Protection Law. Undersecretary Ariel Aguilar, responsible for Commercial Development and Promotion of Investments in the province, expressed concerns about the lack of transparency surrounding Worldcoin’s data processing procedures.  Aguilar questioned whether biometric data was being stored or immediately deleted, the existence of databases storing personal data of Argentine users, and the complexity of the contracts and operation of the entire system. The province’s inspections uncovered multiple violations in the adhesion contracts, including the “Terms and Conditions of Use,” “Privacy Notice,” and “Data Consent Form.”  Notably, the company failed to display signs indicating the minimum age requirement of 18 for accessing the service, potentially leading to the scanning of the personal data of minors. Contradictions In Worldcoin’s Handling Of Biometric Data Contradictions were also found between the company’s reported use, protection, and storage of biometric data collected from the faces and eyes of Argentine users. It appears that this private information is being stored in Brazil.  Additionally, abusive clauses were identified that allowed the company to interrupt the service without providing any repair or refund.  The contracts also allegedly forced users to waive collective redress claims and subjected them to foreign laws, specifically those of the Cayman Islands, with disputes to be resolved by arbitration in California, United States, violating Argentina’s Civil and Commercial Code. Worldcoin now faces potential fines of up to 1 billion pesos or $1.2 million.  The company had been operating in various cities in Buenos Aires. Worldcoin collected personal biometric data, such as iris and facial scans, in these locations through its Orb technology device. In exchange, users were offered the World App financial application on their phones and received cryptocurrency from Worldcoin’s native token, WLD. Unexpected Upswing Despite facing increasing legal scrutiny in recent months, including the latest development in Argentina, the token associated with the Worldcoin protocol, WLD, has experienced an unexpected surge of 2.6% within the past 24 hours, currently trading at $4.80. However, when examining key metrics, it becomes evident that the overall market correction has impacted WLD. CoinGecko data reveals that WLD’s trading volume in the last 24 hours amounts to $319,113,250, indicating a decrease of 7.10% compared to the previous day.  Additionally, WLD has witnessed a significant decline of over 58% from its all-time high of $11.74, reached on March 10. Related Reading: Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient Moreover, the token’s market capitalization has experienced a notable decrease. Since its peak of $1.4 billion recorded on March 17, the market cap has fallen below the billion-dollar level, currently standing at $920 million as of the time of writing. Featured image from Shutterstock, chart from TradingView.com
Source : News Btc
Added today

Bitcoin Price Consolidates Below Hurdles, Can BTC Bounce Back?

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000 resistance zone. BTC started another decline and traded below the $65,000 support zone. It even declined below $62,000 before the bulls emerged. A low was formed near $61,551 and the price is now attempting a fresh recovery wave. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. Bitcoin price is trading below $65,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,250 level. It is close to the 50% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. The first major resistance could be $64,850. The next resistance now sits at $65,000. If there is a clear move above the $65,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,500. Source: BTCUSD on TradingView.com The next major resistance is near the $67,200 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Another Decline In BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $62,800 level. The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,500 level. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $63,000, followed by $62,000. Major Resistance Levels – $64,850, $65,000, and $67,000.
Source : Bit Coin News
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Crypto Market Continues to Slide — QCP Capital Reports Increasing Market Anxiety

Crypto Market Continues to Slide — QCP Capital Reports Increasing Market AnxietyThe cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
Source : Bit Coin News
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Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]
Source : Bit Coin News
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Bitcoin Technical Analysis: Key Indicators Signal Bearish Outlook

Bitcoin Technical Analysis: Key Indicators Signal Bearish OutlookAs bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last […]
Source : Bit Coin News
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Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk ContractsIn the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]
Source : Bit Coin News
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TRON DAO at Harvard Blockchain Conference and New TRON Builder Tour Stop

PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]
Source : Bit Coin News
Added today

Australian Regulator Says Crypto Is a Debenture That Requires Regulation

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […]
Source : Bit Coin News
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More Than 250 Zambian Students Attend Hackathon; Over 100 Earn Smart Contract Development Certification

More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […]
Source : Bit Coin News
Added today

Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

Bitmain Sets Release for L9 Miner, Promising Unchallenged Efficiency in Scrypt MiningAccording to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […]
Source : Bit Coin News
Added today

Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications

News Bytes - Telegram's Founder Advocates for Crypto-Inspired Hardware to Boost Secure CommunicationsPavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […]
Source : Bit Coin News
Added today

Stepn Partners With Adidas to Issue Genesis Sneakers NFTs

Stepn Partners With Adidas for Issuing Genesis Sneakers NFTsStepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […]
Source : Finance Magnates
7 days ago

SEC Takes Aim at DeFi Exchange Uniswap in Potential Enforcement Action

Uniswap Labs is facing a potential enforcement action from the Securities and Exchange Commission (SEC). The regulator is considering taking legal action against the company behind the popular decentralized finance (DeFi) exchange Uniswap.

In a blog post published today (Wednesday), the company disclosed that it had been served a Wells notice by the SEC. A Wells notice is a letter issued by the regulator after concluding an investigation, indicating that it plans to pursue enforcement action against the recipient.

Uniswap Faces Scrutiny

Uniswap contends that its services are legal. The exchange has assured users that its services will remain available and continue to "ship new products." It argues that its platform fosters transparent and accessible financial markets, empowering users through self-custody and bypassing traditional intermediaries.

"If the SEC protects opaque systems and attacks new, transparent technology that can open up opportunity and reduce costs for Americans, the U.S. will fall behind on innovation that can power consumer choice and freedom," Uniswap wrote.

Uniswap believes the law is on its side. The exchange highlighted recent court decisions like SEC v. Ripple and their own legal victory in Risley v. Uniswap Labs, which suggest that the trading of digital assets on a secondary market doesn't qualify as securities trading.

Uniswap Fights Back

Additionally, Uniswap highlighted the decentralized nature of its platform, distancing itself from the legal definitions of securities exchanges or brokers.

Founded by Hayden Adams, Uniswap was launched in 2018 as an automated crypto exchange based on the Ethereum blockchain. According to CoinMarketCap, the DeFi platform is powered by a digital token dubbed UNI. This Ethereum-based digital asset has a market cap of more than $6 billion.

In March 2023, the SEC issued a similar Wells notice against Coinbase. In response, the crypto exchange criticized the regulator for lack of transparency, highlighting the ambiguity surrounding the alleged violations and the refusal to specify which assets on the platform could be deemed securities. Three months later, the regulator sued Coinbase for allegedly operating an illegal trading platform.

Similarly, the SEC filed multiple charges against Binance and its CEO, Changpeng Zhao, citing alleged illegal activities, including unregistered sales and commingling of funds. The regulator's accusations revolved around Binance's operation of unregistered trading platforms, Binance.com and Binance.US, and the sale of unregistered tokens BNB and BUSD.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
6 days ago

90% of Crypto Trades Handled by Just 10 Exchanges, ESMA Warns

In a comprehensive analysis of the cryptocurrency market, the European Securities and Markets Authority (ESMA) has revealed the highly concentrated nature of crypto trading and the potential risks it poses to the broader financial ecosystem.

The report, released on Wednesday, comes as the European Union prepares to implement the world's first extensive regulatory framework for cryptoassets, dubbed MiCA.

EU Watchdog Raises Concern over Crypto Market Concentration

ESMA's findings reveal that a mere ten exchanges oversee approximately 90% of all cryptocurrency trades, with Binance leading the pack with an astonishing 50% share in the market. The recent Finance Magnates Intelligence study confirms the market watchdog data, indicating an increase in trading volumes of the top 10 crypto exchanges.

While this level of concentration is potentially beneficial from an efficiency standpoint, it raises significant concerns about the implications of a failure or malfunction at a major exchange.

“The top 10 exchanges execute around 90% of total trading volume and, with a volume of over USD 3.7 trillion or a market share of 49%, Binance is the largest exchange,” ESMA commented in its report. “The runner-up, Upbit, recorded only about a seventh of this volume."

This concentration has increased over the years. In 2019, it was 54%, and currently, according to ESMA, it has risen to 73%.

Euro Is Not Important in Crypto Transactions

The report revealed that the euro has minimal involvement in cryptocurrency trading, with most transactions occurring outside the EU at exchanges domiciled in tax havens.

“The distribution of involved fiat money reflects a high reliance on the US dollar and the South Korean won as the market’s on- and off-ramp,” ESMA explained. “The euro only plays a minor role and the announcement of the MiCA regulation has not caused an increase in euro transactions so far.”

Furthermore, ESMA debunks the notion that cryptocurrencies serve as a safe haven during times of market stress, noting a co-movement with equities and lack of stability in relation with gold.

As the EU rolls out its comprehensive regulatory framework for cryptoassets called MiCA, ESMA's findings underscore the importance of oversight and risk management in this rapidly evolving sector. The watchdog plans to discuss its report in greater detail during a webinar on April 25.

Regarding MiCA, ESMA published its final report a few weeks ago and seeks to strike a balance between a high level of investor protection and innovation within the crypto industry.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Finance Magnates
1 days ago

Bitcoin Nears Depletion: Only Nine Months' Supply Ahead of Halving

Cryptocurrency exchanges have only nine months' supply of Bitcoin at current prices, with three days left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million Bitcoins remaining and a daily inflow of $500 million to spot Bitcoin ETFs, approximately 7,142 Bitcoins will exit exchange reserves daily.

Bitcoin Supply Hits Unprecedented Scarcity

The much-anticipated halving event, which reduces the supply of Bitcoins by 50%, is expected to make the digital asset more scarce. Bybit highlighted the rapid reduction of Bitcoin reserves across centralized exchanges post-halving. This trend indicates that it will take about nine months to exhaust all remaining reserves.

Ben Joe, the Co-Founder and CEO of Bybit, mentioned: "Each Bitcoin halving sharpens the narrative of Bitcoin as not just a currency, but a scarce digital asset, akin to digital gold. This upcoming halving in 2024 will thrust Bitcoin into an era of unprecedented scarcity, making it twice as rare as gold."

The report differentiated between Bitcoin and gold, emphasizing Bitcoin's increasing rarity post-halving. The Stock-to-Flow (S2F) ratio, a measure of scarcity, is projected to double from 56 to 112 after the upcoming halving, surpassing gold's S2F ratio of 60.

Institutional Adoption of Bitcoin

This comparison solidifies Bitcoin's status as a scarce digital asset, positioning it as a viable alternative to traditional safe havens like gold. Additionally, Bybit highlighted the adoption of Bitcoin by institutional investors following the recent approval of spot Bitcoin ETFs in the US.

This trend indicates that institutions have recognized the importance of the digital asset as a safe investment option. This has led to heightened investment activity ahead of the halving. The correlation between Bitcoin and other cryptocurrencies remains strong, further boosting Bitcoin's reputation.

Bitcoin's deflationary model is based on the halving event, which occurs roughly every four years, Finance Magnates recently reported. This mechanism halves the block reward, limiting the supply of the leading digital asset. As the upcoming halving approaches, reducing the block reward from 6.25 Bitcoins to 3.125 Bitcoins, historical trends suggest a potential surge in the price of Bitcoin.

Additionally, analysts anticipate a modest decrease in Bitcoin mining hashrate after the halving, attributed to current high profitability and efficient mining equipment adoption. Despite short-term dips, the resilience of the mining industry is expected to drive a swift rebound.

Meanwhile, the renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, recently expressed optimism about Bitcoin reaching $100,000 by September due to concerns over global economic instability and debt issues. While market analysts project a potential surge in Bitcoin, concerns linger about selling pressure and potential price slumps during the halving period.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
6 days ago

OKX Unveils European Expansion Plan with Okcoin Rebrand

In a strategic move to bolster its European presence, Okcoin Europe Ltd. has rebranded to OKX and appointed Erald Ghoos as the new European General Manager. As part of this rebranding, OKX aims to unify its brand worldwide.

OKX Expands European Presence

OKX is one of the biggest crypto exchanges globally trusted with over 50 million users worldwide, The company has been operating in Europe since 2021, holding a crypto service provider registration with De Nederlandsche Bank and a virtual financial asset service provider license in Malta.

As part of its expansion plans, OKX is beta-testing its platform in the Netherlands, with an official launch on the horizon. The company is seeking user feedback during this phase to optimize performance and tailor its offerings to the local market.

“Europe is home to many diverse and growing communities of crypto users, some of whom have yet to be introduced to OKX and what we stand for,” Hong Fang, the President of OKX, commented. “Our mission over the coming months and years is to build locally, including in important markets such as the Netherlands."

According to the Finance Magnates Intelligence report, OKX is the fourth largest exchange in terms of spot volumes, which grew by nearly 130% in March compared to February, reaching a value was $171 billion. It closely trails ByBit, which holds the third position by only a few percentage points.

Crypto Exchange Appoints Erald Ghoos as Europe GM

Erald Ghoos, the newly appointed Europe General Manager, brings extensive experience to his role, having previously served as the General Manager of Okcoin Europe. Under his leadership, OKX aims to establish local teams that drive the company's global strategy, ensuring a personalized experience for its diverse user base.

“Through the rebrand, we aim to offer an even better customer experience for our users in Europe,” Ghoss commented on the official OKX blog post. “In the coming months and years, we look forward to better serving the European crypto community and enhancing our offerings to meet local needs.”

There's been a lot of activity at OKX recently, at least regarding geographical moves. At the end of March, the exchange closed its branch in India, citing "local regulations," but expanded its operations in other jurisdictions. That same month, it joined the increasingly long list of companies that have obtained the Monetary Authority of Singapore (MAS) Major Payment Institution (MPI) license. OKX SG, the exchange's local subsidiary, acquired the MPI from MAS.

The authorization will allow it to provide payment services and digital payment token services. A month and a half ago, the platform introduced OKX.TR, its version targeted at traders from Turkey, offering them trading in cryptocurrency pairs against the Turkish lira.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Finance Magnates
Added today

Kraken Steps Up the Game with the Introduction of Crypto Wallet

The recent introduction of Kraken Wallet has marked an advancement in cryptocurrency adoption. This self-custodial wallet is engineered to streamline on-chain transactions. Kraken Wallet emphasizes simplicity, security, and functionality, with the overarching goal of broadening accessibility to decentralized finance.

Access to Decentralized Finance: Wallet's User-Centric Design

Regardless of whether individuals are Kraken clients or not, the multichain Kraken Wallet serves as a conduit to the decentralized financial ecosystem. Emphasizing privacy and security, it enables users to maintain custody of their digital assets and data, underpinned by Kraken’s security protocols.

With an intuitive user experience, Kraken Wallet eliminates the need for complex network switching or the management of multiple seed phrases. Key features include comprehensive portfolio tracking, support for multiple blockchains, WalletConnect integration for access to decentralized applications, and round-the-clock customer support.

The Wallet collects only essential data necessary for its operation. User activity is routed through Kraken’s infrastructure to safeguard IP addresses and shield personal information from external exposure. The wallet does not retain any user sign-in details, email addresses, or KYC information.

The security of Kraken Wallet is fortified through various layers of protection, including biometric authentication and encrypted user passwords. To ensure security measures, the wallet underwent a security audit conducted by Trail of Bits, known for its expertise in cybersecurity.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
1 days ago

Hong Kong “Conditionally” Approves Bitcoin and Ether ETFs

Hong Kong’s Securities and Futures Commission has become the latest regulator to approve the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, the approvals of at least three offshore Chinese asset managers remain conditional.

‘Conditional’ Approval Crypto ETFs

Although the regulator confirmed the conditional approval, it did not reveal any details of the ETFs. The regulatory conditions include fee payments, document filings, and approval of the Hong Kong Stock Exchange's listing, according to Reuters.

Crypto ETFs are listed on stock exchanges and can be traded from regular brokerage accounts without the need to create a crypto exchange account or use custodial services. These investment products lower the entry barrier and complexity of investment into cryptocurrencies.

Additionally, the Hong Kong unit of China Asset Management, which has been developing spot Bitcoin and Ether products, received approval to provide virtual asset management services.

“The introduction of the virtual asset spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong's status as an international financial centre and a hub for virtual assets,” Bosera Asset Management stated.

The Rising Demand for Crypto

The conditional approval in Hong Kong followed approximately three months after the US Securities and Exchange Commission approved 11 Bitcoin ETFs in one go. These approvals ensued from prolonged efforts by several companies over the years. However, the US did not approve any Ether ETFs despite the application of multiple firms.

While the green light for Bitcoin ETFs in the US triggered a price surge of cryptocurrencies, the latest Hong Kong approval failed to do so. Bitcoin is trading below $63,000 apiece, as of press time, compared to its peak of about $74,000.

Other than the US and Hong Kong, spot Bitcoin ETFs are listed on the exchanges in eight additional jurisdictions, including Canada, Germany, Jersey, Switzerland, Australia and three more locations. However, those markets are small, and the demand for these crypto instruments remains low.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
2 days ago

Bitcoin Halving Countdown: What Is Ahead?

Less than ten days remain until the most important event in the cryptocurrency sector: Bitcoin's halving. This event is expected to have a major impact on the sector due to recent developments surrounding the leading digital asset. Some of these developments include the emergence of spot Bitcoin exchange-traded funds (ETFs) and the evolving regulations for digital assets.

How Bitcoin Halving Works

Bitcoin's deflationary model depends on the upcoming halving event, which occurs approximately every four years. This process reduces the block reward by half, limiting the supply of new tokens. With each halving, the number of Bitcoins in circulation becomes scarce.

The impending halving will reduce the block reward from 6.25 Bitcoins to 3.125 Bitcoins. Historically, halving events have led to a surge in the price of Bitcoin. Additionally, the anticipation preceding the event often triggers heightened trading activity and price volatility. According to Binance's countdown, there are four days left before the halving event, although it is difficult to predict the exact date.

Bitcoin's Hashrate Resilience

According to a report by Coindesk, analysts predict a modest decrease of between 5% and 10% in Bitcoin mining hashrate after the halving event. This is attributed to the current high profitability in mining and the rapid adoption of efficient mining equipment.

Despite short-term dips, the hashrate is expected to swiftly rebound, reflecting the resilience of the industry. Miners using high-cost equipment are under pressure to upgrade to more efficient models to maintain profitability. The introduction of newer and more energy-efficient machines will necessitate a shift in strategy. Thus, it is important for miners to adapt to the evolving market dynamics.

Some miners are reportedly considering diversifying into other sectors, reflecting the competitive nature of the mining industry. Additionally, there's a trend towards geographical decentralization, with miners exploring new, cost-efficient locations for mining operations. The impact of the Bitcoin halving is beyond price movements, transaction volumes, market sentiment, and investment trends.

Mining Sector: Preparing for the 2024 Halving

Halving brings opportunities and challenges to crypto exchanges. The reduced supply of new Bitcoins could result in increased demand for crypto assets and lead to bullish sentiment and price volatility. However, crypto exchanges must ensure sufficient liquidity to accommodate heightened trading activity, optimize trading algorithms, and keep users informed about market disruptions.

As the 2024 halving approaches, investors should monitor important metrics such as on-chain activity, exchange withdrawals and deposits, and ETF inflows. These indicators provide insights into market sentiment and the trajectory of Bitcoin's price movements.

Market Predictions

Recently, the renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, made an optimistic prediction about the future price of Bitcoin. According to Kiyosaki, Bitcoin could reach $100,000 by September. Kiyosaki's forecast came amidst global economic instability and concerns over mounting debt issues, particularly in the United States, China, Japan, and Germany.

Kiyosaki's bullish outlook on Bitcoin is expressed in his analysis of the current global economic landscape. He highlighted various factors contributing to financial instability, including the United States' massive debt burden, China's troubled property market, and economic challenges faced by Japan as well as Germany.

Moreover, Kiyosaki highlighted concerns, such as consumer reliance on credit cards, the precarious state of banks, and the looming global conflicts. In his view, these economic challenges underscore the need for alternative investment strategies.

Minimal Impact on Bitcoin Price

Despite the anticipation, the impact of Bitcoin halving on prices may be minimal due to already low issuance rates. While the event may stimulate increased demand and media attention, its effect on supply dynamics is diminishing, suggesting a modest relationship between halving events and market trends.

Meanwhile, a report by Cointelegraph highlighted that market analysts are increasingly optimistic about Bitcoin's long-term trajectory. Bitcoin's current price, currently above $66,000, has attracted bullish predictions. Analysts are projecting a potential surge of over 160% to reach a peak surpassing $150,000.

Despite this optimism, there are concerns about built-up selling pressure attributed to Bitcoin's recent all-time high before the halving. Arthur Hayes, the Co-Founder of BitMEX, has warned of a potential price slump during the halving period due to the Federal Reserve's quantitative tightening measures.

However, amidst these uncertainties, the role of Bitcoin ETFs in driving the cryptocurrency's price rally cannot be understated. These ETFs have amassed a significant portion of Bitcoin's circulating supply, with recent data indicating substantial net inflows.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
2 days ago

UK Finance Taps R3 and Quant for Financial Technology Experimentation

R3, an enterprise distributed ledger technology and services firm, along with Quant, have been designated to develop the technology prototype for the experimental phase of the UK’s Regulated Liability Network (UK RLN). This initiative, spearheaded by UK Finance and supported by EY, aims to establish a common platform for innovation across various forms of currency, including traditional bank deposits and tokenized assets.

Participants Join UK RLN for Financial Transformation

The UK RLN is a collaborative effort involving multiple stakeholders within the financial services industry, seeking to explore avenues for users to conduct payments, transactions, and settle liabilities in the digital market landscape. Noteworthy participants in the UK RLN include institutions, such as Barclays, Citi, HSBC, and others, supported by advisory and technology partners like EY, Linklaters, R3, Quant, DXC Technology, and Coadjute.

R3 brings its expertise in delivering sophisticated projects for regulated markets, offering critical shared ledger capabilities through its Corda platform and Digital Currency solution. Quant's role involves facilitating programmability and interoperability across different monetary forms, leveraging its Overledger platform to provide orchestration and API integration.

Global Banks to Test Diverse Payment Use Case

The project will leverage the insights and experience of major global banks and institutions to test various retail and wholesale payment use cases, encompassing areas, such as delivery vs payment, e-commerce, bond issuance, and card gateway integration. Additionally, the project will incorporate Coadjute’s Home Purchasing Business Application, a property market infrastructure and settlement model built on R3’s Corda platform.

“We live in a digital age, in which people and companies expect digital finance to operate globally at speed, with better security and at scale, but our legacy payments and financial infrastructure has not kept up. As the UK seeks a leadership position in financial markets, projects like the RLN highlight the central role that shared ledgers will play in this transition and offer a model we can extend to other markets,” said Gilbert Verdian, the CEO and Founder at Quant.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
2 days ago

Norway to Regulate Energy-Intensive Crypto Mining Activities

Norway plans to regulate cryptocurrency mining activities in the country by restricting data centers. Two government officials intend to propose a new law that will bring the data center industry under regulatory oversight for the first time in Norway.

According to the media outlet VG, Norway's Digitalization Minister, Karianne Tung, and the Energy Minister, Terje Aasland, mentioned that this initiative is driven by the government's desire to control and limit projects deemed undesirable, such as cryptocurrency mining, which is associated with significant greenhouse gas emissions.

Regulating "Unwanted" Crypto Activities

Norway will become the first country in Europe to implement comprehensive regulations for data centers, focusing on controlling energy-intensive activities like cryptocurrency mining. The expected regulation requires crypto mining operators to register with local authorities and disclose the services offered.

Tung mentioned: “The government requires a registration obligation for who is behind the data center, who is the manager of the center, and an obligation to state which services are offered at the center. The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want.”

By mandating data center operators to disclose their activities, the Norwegian government aims to empower the relevant authorities to approve or reject projects based on their social and environmental impact.

Greenhouse Gas Emission Concerns

Aasland emphasized the importance of promoting socially beneficial data centers. In Norway, crypto mining is viewed as incompatible with the country's environmental goals. Aasland highlighted concerns about the industry's significant greenhouse gas emissions.

He said: “This is incredibly important. It is very important to get a good overview of which services are offered in these data centers. It is the socially useful data center that we want. They are important for infrastructure.”

Meanwhile, there are approximately four days until the much anticipated Bitcoin halving event occurs. Due to current high profits in the mining sector, analysts expect a slight drop of 5% to 10% in Bitcoin mining hashrate post-halving, according to a report by Finance Magnates. Some miners are reportedly planning to acquire more efficient equipment or diversify into other sectors after the halving.

Meanwhile, Norway licensed BitPanda (a Vienna-based crypto exchange) last year, marking a significant milestone in the exchange’s European expansion efforts. BitPanda has already obtained licenses in Austria, Germany, Czechia, France, and Sweden. Besides that, the company obtained approval in Spain and entered the UK market by acquiring Trustology.

This article was written by Jared Kirui at www.financemagnates.com.
Source : Finance Magnates
5 days ago

$41 Million Crypto Investment Scheme Collapses in Australia

In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

Bust of a Crypto Investment Scheme

The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

Additionally, the court has restricted Mendham from traveling outside Australia.

NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company's website, with a minimum fixed return promised at 6 percent.

The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

Regulator Gets Wary

ASIC's action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

“Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Bitget’s Crypto Trading Volume Surges over 100% in Q1 2024

Bitget, one of the biggest cryptocurrency exchanges by volume, has released its Q1 2024 Transparency Report, revealing visible growth across various metrics. The report highlighted a 100% increase in both spot and futures trading volumes compared to previous quarters, along with a significant rise in the value of its platform native token, BGB.

Bitget Reports Growth in Q1 2024 Transparency Report

According to the report, Bitget's futures trading volume reached approximately $1.4 trillion, an escalation of 146% from the previous quarter. The exchange witnessed the highest increase in derivatives market share, with a growth of 2.4% in March alone. The spot trading volume also saw a substantial uplift of 113%, surpassing $60 billion in Q1 2024.

According to an independent report by Finance Magnates Intelligence, these figures coincide with the overall boost in volumes across the cryptocurrency industry. In March, spot volumes for the largest cryptocurrency exchanges grew 119% compared to the previous year and over 100% compared to February.

Bitget's user base has expanded significantly, now serving over 25 million users across 100+ countries and regions.

"This year, Bitget is doubling down on its commitment to enhance our spot market offerings,” Gracy Chen, the Managing Director of Bitget, commented. “We aim not only to bolster our market position but also to contribute tremendously to the broader crypto ecosystem, supporting startups with high potential to grow."

Bitget Bets on Its Crypto Token

The platform's native token, BGB, had a really good run last quarter, breaking its all-time high and surpassing the $1 mark in February. Since the beginning of 2023, BGB has delivered gains of 434%, outperforming Bitcoin and establishing itself as a top performer among centralized exchange tokens.

Currently, it is one of the 70 largest cryptocurrencies, with a market capitalization of over $1.8 billion and a daily trading volume of $81 million. Binance exchange's BNB token has a market capitalization of $89 billion.

Bitget's listing strategy led to the introduction of 186 new tokens in the first quarter, expanding its offerings to over 750 tokens and 820 spot trading pairs. Several tokens, such as XAI, GPT, and PIXEL, experienced extraordinary growth, surging over 3000%.

According to the latest exchange report, more people are trading cryptocurrencies in Europe. In Germany alone, the number of traders has escalated 69% over the year.

In the meantime, Bitget Wallet hired a new Chief Operating Officer, Alvin Kan, to accelerate its global expansion.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Buying Coins is so 2023: Brokerage Accounts as a Gateway to Bitcoin Investment

With Bitcoin being the best-performing asset of the year more often than not during the last 15 years, many investors want to gain exposure but doing so can be tricky.

For retail and institutional investors alike, questions of regulatory and tax compliance can be puzzling. Then, there’s the challenge of learning to navigate a new ecosystem. Using exchanges, sending transactions, and taking custody of coins can take significant time to learn.

Fortunately, there are ways to gain exposure to Bitcoin without purchasing and holding the asset itself. This can be done in a standard brokerage or retirement account.

This article will explore the avenues available for tapping into the Bitcoin market in this way, including exchange-traded Funds (ETFs), public companies with Bitcoin holdings, and mining companies.

Bitcoin ETFs: A Gateway to Cryptocurrency Markets

ETFs in general have become a popular vehicle for investors looking to diversify their portfolios without directly purchasing the underlying assets. Spot Bitcoin ETFs offer a straightforward way to invest in Bitcoin through a regulated framework, and have been very successful since their initial launch in the US on January 10, 2024. The first gold ETF took 2 years to reach $10 billion in AUM. Blackrock’s IBIT accomplished the same in just 2 months.

Investors track the price of Bitcoin and trade on traditional stock exchanges, providing liquidity and accessibility to investors who may not otherwise be able to access cryptocurrency markets or don’t want to hold Bitcoin itself. Some of the most dominant spot ETFs in the US include BlackRock’s IBIT, Fidelity’s FBTC, and ARK’s 21 Bitcoin Shares.

Here are some important things to think about when it comes to selecting a spot Bitcoin ETF:

  • Custodian: How does the issuer store their coins? All the ETFs use Coinbase as their custodians, with a few exceptions:
  1. Fidelity secures their own Bitcoin internally,
  2. VanEck uses BitGo rather than Coinbase,
  3. Hashdex selected BitGo as its custodian.
  • Fees: What expense ratio does the fund charge? BitWise has garnered attention for having the lowest fee at just twenty basis points. On the other end of the spectrum, Grayscale charges 1.5%.
  • Transparency: How much do you value transparency when it comes to your funds’ holdings? So far, BitWise is the only fund that has published the public key to its wallet, allowing anyone to view the blockchain transactions that prove the fund holds what it claims to.

Fidelity stands out, as being a veteran in the digital asset space that allows them to self-custody their Bitcoin holdings. BitWise shines for its low fees and transparency. Some investors see these funds as preferable. Others may opt for the reputation of firms like BlackRock or ARK.

Public Companies with Bitcoin Holdings: Investing in Corporate Believers

A number of forward-thinking public companies have added Bitcoin to their balance sheets, recognizing its potential as a store of value. By investing in these companies, investors indirectly gain exposure to Bitcoin's price movements. This approach allows investors to benefit from the company's broader business performance while aligning with their innovative stance on Bitcoin.

MicroStrategy (MSTR) was the first and still is the most well-known company to adopt a Bitcoin treasury strategy. The company currently holds over 1% of the entire supply of BTC. Shares of MSTR have also seen impressive appreciation in recent years, even outperforming Bitcoin at times.

Here is a partial list of other companies that have decided to put Bitcoin on their balance sheets:

  • Coinbase
  • Galaxy Digital Holdings
  • Marathon Digital Holdings
  • Block
  • Tesla

In addition to companies that hold Bitcoin, mining stocks can also provide BTC exposure.

Mining Companies: The Backbone of Bitcoin's Infrastructure

Bitcoin mining companies are at the heart of creating new Bitcoin and securing the network. Investing in these companies represents an investment in the infrastructure of the Bitcoin network. As the demand for Bitcoin grows, these companies may see increased profitability, making them an attractive option for investors looking to get involved in the cryptocurrency space.

The recent rise in Bitcoin’s price has been accompanied by an increase in the network’s hash rate, as miners can create profitable operations with greater ease.

Many mining companies hold some of the Bitcoin they mine on their balance sheets, making them a way to gain exposure to both Bitcoin and its infrastructure. A few popular Bitcoin mining stocks in 2024 include:

  • Hut8
  • Riot Blockchain
  • Hive Blockchain
  • Bitfarms Limited
  • Cipher Mining
  • CleanSpark

Strategic Considerations for Bitcoin Exposure

Each of these securities has benefits and drawbacks. For example, mining stocks can be very volatile, even more so than Bitcoin. Yet they can outperform Bitcoin by a significant margin at times. Such securities require the highest risk tolerance and greatest conviction in the promise of Bitcoin. They can be thought of as a speculative play on Bitcoin, which may be too speculative for some.

Public companies that hold Bitcoin provide a blend of exposure to the company’s operations and their Bitcoin holdings. In general, the larger the Bitcoin holdings, the more the share price tends to be correlated to the Bitcoin price. These can be a great choice for more traditional investors who feel safer holding equities with earnings, cashflows, dividends, etc. The downside is they may underperform the other securities available.

Bitcoin ETFs represent the purest Bitcoin exposure that a brokerage account can have. There’s not much to be said here, as these shares represent ownership of a portion of the fund’s BTC holdings. There has even been talk of ETFs eventually allowing shares to be redeemed for spot Bitcoin, although this is unlikely in the USA, as the SEC has required ETFs to be settled in cash only. The drawback is that each ETF issuer charges fees, which can eat into profits over time.

When considering exposure to Bitcoin through your brokerage account, it's important to evaluate your investment goals and risk tolerance. Bitcoin and related investments can be volatile, and a strategic approach should involve due diligence and a clear understanding of the underlying market dynamics.

This article was written by Brian Nibley at www.financemagnates.com.
Source : Finance Magnates
2 days ago

Winklevoss Twins Now Own an English Football Club

The blend of cryptocurrency and sports sponsorship has become crazier as Real Bedford, a non-league English football club, received $4.5 million investment in Bitcoin from Cameron and Tyler Winklevoss, the twins who founded the crypto exchange Gemini.

An Investment towards Ownership

Following the investment, the Winklevoss twins will share the ownership of the club with the crypto-focused podcaster Peter McCormack, who bought the club in his hometown of Bedford in 2021.

McCormack aims to take the club to the Premier League level and make it play with the country's big names, like Manchester United and Chelsea FC. Currently, Real Bedford is playing in the ninth division of the English leagues. Its social following is limited, with only 18.5k followers on Twitter and about 3,650 followers on Instagram.

Being a proponent of Bitcoin, McCormack enabled payment for game day tickets, merchandise, sponsorships, and beverages with Bitcoin.

“This has been a great few years for the club as we hit all of our growth goals and supported the community in a sustainable way,” said McCormack. “The demands of a fast-growing club are significant, and the backing from Tyler and Cameron will allow us to continue investing in Bedford and the local community.”

Sponsor to Owner

Before investing in becoming the co-owners, the Winklevoss twins sponsored the local football club at Bedford, a town with a population of 200,000.

However, compared to a few other big crypto brands, Gemini's sports presence is limited. Apart from the English football club, the crypto exchange sponsored the Oxford-Cambridge Boat Race and Ava Keenan, a 12-year-old skier.

“We share in Peter’s deep conviction in Bitcoin and its ability to supercharge RBFC’s quest to make it into the Premier League,” said Tyler Winklevoss. “Since our first conversation more than two years ago, Peter has proven he knows how to build a successful club, and we’re excited to work alongside him as co-owners.”

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
2 days ago

LBBW Announces Partnership with Bitpanda for Crypto Custody Services

Landesbank Baden-Württemberg (LBBW), Germany's state-backed lender, has unveiled plans to venture into cryptocurrency custody services. In a strategic move, LBBW has announced a partnership with the Austrian exchange platform Bitpanda to facilitate this initiative.

Expansion into Cryptocurrency Custody

This collaboration aims to provide LBBW with the necessary infrastructure for "Investment-as-a-Service," enabling the storage and procurement of various cryptocurrencies, including bitcoin and ether.

"By offering crypto-asset custody, we are positioning ourselves with a clear added value for our corporate clients – while ensuring the highest security standards," Stefanie Münz, the Member of the LBBW Board of Directors responsible for Finance, Strategy and Operations, said in a press statement. "Bitpanda provides the necessary technical and regulatory infrastructure to offer our customers innovative and, above all, secure solutions in the area of digital assets."

Services to Launch for Corporate Clients in 2024

Initially, the crypto custody services will be targeted towards corporate clients, with a market launch scheduled for the latter half of 2024. This reflects the increasing interest and demand for cryptocurrency-related services within the financial sector.

"The demand from our corporate customers for digital assets is increasing. We are convinced that crypto assets will establish themselves as a building block for further business models. With the cooperation, we are creating the technical and regulatory basis at an early stage to best support the individual crypto strategies of our corporate customers," said Jürgen Harengel, the COO of Corporate Bank at LBBW.

Earlier, Bayern Munich, the German football club, announced a multi-year partnership with Bitpanda, as reported by Finance Magnates. Bitpanda has become the club's platinum partner and official crypto trading sponsor. The partnership was revealed at Bayern's home stadium, the Allianz Arena, during a match against TSG Hoffenheim on January 12 this year.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
1 days ago

Senators Grill CFTC Boss on Sketchy Links to FTX’s Fallen Star Sam Bankman-Fried

Senators Elizabeth Warren and Chuck Grassley demand a full accounting of the interactions between the Commodity Futures Trading Commission's (CFTC) Chairman, Rostin Behnam, and Sam Bankman-Fried (SBF), the convicted founder of the now-defunct cryptocurrency exchange FTX.

Commentators wonder if this will allow the public to discover what might have happened between the regulator and SBF just before the exchange's collapse.

Senators Demand Answers from CFTC's Chair on Ties to Disgraced FTX's Founder

In a letter sent to Behnam on Monday, the senators expressed concern about the nature of the relationship between CFTC's Chair and Bankman-Fried in the months leading up to FTX's implosion in November 2022. The lawmakers are seeking records of all meetings, phone calls, and correspondence between the two parties by 29 April.

"Safeguarding the savings and retirements of Americans requires Congress and market regulators like the CFTC to determine how this multi-billion-dollar crime was allowed to happen," Warren and Grassley wrote in the letter.

Behnam previously testified before the Senate Agriculture Committee that he and his team met with Bankman-Fried and other FTX executives roughly 10 times in the 14 months before the exchange's bankruptcy. He also disclosed exchanging "a number of messages" with the CEO.

The senators' request comes on the heels of Bankman-Fried's sentencing last month to 25 years in prison for orchestrating massive fraud that led to the loss of billions in customer funds. Last week, he appealed his conviction.

Despite the severity of the punishment, Warren and Grassley emphasized that victims "will never be made whole financially.”

“Mr. Bankman-Fried was sentenced last month to 25 years in prison for stealing $8 billion dollars from users of the cryptocurrency exchange FTX. This punishment, while appropriate, provided cold comfort for his victims,” the senators added.

Warren Is Active in the Crypto Field

The letter marks the latest in a series of inquiries spearheaded by Senator Warren in the wake of FTX's collapse. In November 2022, she and Senator Sheldon Whitehouse urged the Department of Justice to hold Bankman-Fried and complicit executives personally accountable for wrongdoing.

Warren also sent letters to Silvergate Bank and to Bankman-Fried himself, seeking answers about their roles in the misappropriation of customer funds.

Senator Warren's position on cryptocurrencies has been well-known and consistent for years. In 2021, she described digital assets as "highly opaque and volatile," and in 2023, she made headlines with her proposal for the Digital Asset Anti-Money Laundering Act.

Finance Magnates contacted the CFTC press office for comment on the matter, but the Commission did not respond at the time of publication.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Finance Magnates
6 days ago

VARA’s CEO Proposes Cost-Sharing Model to Support Small Crypto Businesses

Matthew White, the CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), has voiced intentions to alleviate regulatory pressures on smaller cryptocurrency entities. Speaking at a regulatory panel during the Paris Blockchain Week, White acknowledged the imperfections in current crypto regulations and emphasized the need for improvements, particularly to support smaller players in the industry.

Proposed Measures for Crypto Industry Collaboration on Compliance

White highlighted the significant financial strain associated with regulatory compliance, particularly for smaller businesses lacking adequate resources. He expressed VARA's focus on exploring solutions to mitigate these challenges, aiming to create a regulatory environment that accommodates all participants.

Among the proposed measures is a concept where larger players in the crypto space could provide support to smaller entities by shouldering a portion of their compliance costs. This model would allow smaller businesses to enter the regulated ecosystem without facing prohibitive compliance expenses.

"The cost of compliance is borne by the larger systemic players, and this allows the smaller players to come into the ecosystem, be regulated, but also not have to suffer the same sort of level of costs of compliance that we’ve got," explained White.

Prioritizing Industry Dialogue for Adaptive Crypto Regulations

Furthermore, White emphasized VARA's focus on innovation while simultaneously establishing effective regulations. He underscored the importance of dialogue with industry stakeholders to ensure that regulatory frameworks remain adaptable to the rapidly growing crypto landscape.

White assumed the role of CEO at VARA last year, succeeding the former CEO, Henson Orser. His appointment coincided with VARA's preparations to enhance its market operations in response to tightened regulations in the United Arab Emirates (UAE).

In November 2023, the UAE regulators issued joint guidance outlining fines and sanctions for unlicensed virtual asset service providers, signaling a stricter regulatory environment for the crypto industry in the region.

This article was written by Tareq Sikder at www.financemagnates.com.
Source : Finance Magnates
2 days ago

Minister Reveals When the UK Will Introduce New Cryptocurrency Regulation

The United Kingdom is gearing up to introduce new legislation for cryptocurrencies and stablecoins by June or July 2024, according to the Economic Secretary, Bim Afolami. Speaking at the Innovate Finance Global Summit on Monday, Afolami stated that the government is working swiftly to deliver the legislation that will put the final proposals for the crypto regulatory regime in place.

UK Set to Introduce New Crypto and Stablecoin Regulations by Mid-2024

"We are now working at pace to deliver the legislation to put our final proposals for our regime in place," Afolami said during the Innovate Finance Global Summit.

The announcement comes after the UK passed the Financial Services and Markets Act in June 2023, which enabled cryptocurrencies to be treated as regulated financial activities.

“Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time,” the Economic Secretary added.

The government has expressed its intention to make the UK a preferred destination for the crypto industry and plans to bring relevant activities under the purview of the Financial Conduct Authority (FCA). In the meantime, new regulations concerning the promotion of digital assets have come into effect in the country.

“While it remains to be seen exactly what new regulation may look like and how it will be enforced, it’s inevitable that the future of crypto lies within far more regulated and supervised parameters,” Duncan Ash, the Head of Strategy at blockchain protection firm Coincover commented in an op-ed article for Finance Magnates.

Regulatory Winds of Change

Under the new regulations, a wide range of crypto asset activities will fall within the regulatory perimeter for the first time, including operating an exchange, custodial services, and other related activities. The FCA will soon consult on an authorization regime for crypto companies, and the government also plans to formulate equivalence measures for overseas firms.

The UK government has taken a phased approach to introducing crypto regulations, with legislation for fiat-backed stablecoins being the first priority. Other areas, such as algorithmic stablecoins, will follow as the government brings activities like lending and trading into the fold of conventional financial regulation.

Despite the government's efforts to create a crypto-friendly environment, the UK industry has faced some challenges. Crypto firms have complained about delays and poor feedback from the FCA, and recently introduced rules restricting crypto promotions have led some well-known firms to cut UK services altogether. According to data from February 2024, the market watchdog issued over 450 alerts on illegal crypto ads in just three months.

In Europe, Poland is additionally preparing to regulate cryptocurrencies later this year. Under new laws, the local financial supervisory authority, KNF, will be allowed to block the cryptocurrencies of companies and users for 96 hours in cases of mere suspicion of unregulated trading.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Finance Magnates
1 days ago

Another Extension: CySEC Suspends FTX EU’s License until September

The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange.

The Suspension of FTX’s EU License

Announced today (Tuesday), the latest license suspension will last until 30 September 2024. The license of the EU unit of FTX was originally suspended in November 2022. Since then, the regulator has extended the suspension multiple times.

The European entity of FTX initially gained approval from the Cyprus regulator last March and obtained full authorization as a CIF in September. Though the Cypriot license did not allow the exchange to offer crypto directly, it could provide derivative products. Additionally, the license was essential as the exchange can passport it to provide services within the entire European Economic Area.

Although FTX EU is already undergoing bankruptcy proceedings, the Cypriot regulatory notice highlighted that, as long as the license is suspended, the exchange cannot “provide/carry out investment services/activities, enter into any business transaction with any person, and accept any new client; nor advertise itself as a provider of investment services.”

Fall of a Crypto Empire

FTX and over a hundred of its affiliates filed for bankruptcy in November 2022 in the United States, days after the shady business practices of its former CEO, Sam Bankman-Fried, surfaced. Bankman-Fried, once recognized as a crypto billionaire, was convicted of multiple criminal charges and has been sentenced to jail for 25 years. Last week, the lawyers of Bankman-Fried appealed against the sentencing and conviction.

Multiple other top bosses of FTX and its affiliate, Alameda Research, pleaded guilty to civil and criminal charges and are now awaiting sentencing. All of them testified against Bankman-Fried in the trial.

Meanwhile, two US senators, Elizabeth Warren and Chuck Grassley, recently demanded a full accounting of the interactions between the Chairman of the CFTC, Rostin Behnam, and Bankman-Fried, concerning the nature of their relationship before the collapse of the crypto exchange.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
5 days ago

Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline.

SBF Appealed

Earlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison in Northern California. This facility is near his parents’ house, and the judge cited concerns for his security at a maximum-security prison due to his autism. Interestingly, during his trial and while awaiting sentencing, Bankman-Fried had requested to be kept in the notorious Manhattan Detention Center. Previously, he was an inmate at the Metropolitan Detention Center in Brooklyn.

The appeal came two weeks after a US court sentenced him to 25 years in prison, along with three years of supervised release. He is also required to forfeit $11 billion.

Billionaire to Convict

Bankman-Fried was once regarded as the messiah of the cryptocurrency world, known for his altruistic vision, signature T-shirt, and shorts outfit. He became one of the youngest self-made billionaires through his FTX empire, which collapsed overnight following the discovery of his dubious business practices.

After a high-profile trial, Bankman-Fried was convicted last November on multiple charges, including wire fraud and conspiracy to commit wire fraud and money laundering. Although the total maximum prison time for all the convictions could amount to 115 years, the prosecutors were seeking 40 to 50 years. Bankman-Fried’s legal team requested six-and-a-half years, but the court ultimately sentenced him to 25 years.

During the trial, several close associates of Bankman-Fried testified against him. They all pleaded guilty to their roles in the shady operations at FTX and are now awaiting sentencing.

This article was written by Arnab Shome at www.financemagnates.com.
Source : Finance Magnates
Added today

FMA Cracks Down on These Two Companies amid Fraud Concerns in New Zealand

The Financial Markets Authority (FMA) of New Zealand has been actively combating fraudulent activity and scams in the country's financial markets. In a series of recent actions, the regulator has taken steps to protect consumers and maintain market integrity by cancelling one crowdfunding services license and issuing a warning against a cryptocurrency company.

FMA Cracks Down on Fraudulent Activity and Scams

According to the update on Wednesday, the FMA cancelled the crowdfunding services license of Equitise Pty Ltd, an equity crowdfunding service provider licensed since 2014. The cancellation followed Equitise's significant breach of certain market services licensee obligations and its failure to meet statutory requirements.

The company failed to provide its financial reporting and agreed upon procedures reporting, and was deregistered from the Financial Service Providers Register (FSPR) for failing to file its annual confirmation within the required timeframe.

"Cancelling a provider's licence is one of the strongest regulatory actions we can take and is not a decision the FMA takes lightly,” Peter Taylor, the FMA Director of Specialist Supervision and Response, stated, emphasizing the severity of the action. “Financial service providers must make sure they are able to meet the legislative requirements and act lawfully. The rules are there to protect consumers and to ensure market integrity."

In another warning, the FMA cautioned investors about AxonExchange, a suspected cryptocurrency exchange scam. The platform claims to be based in New Zealand but is not an incorporated company in the country and is not authorized or registered on the FSPR to provide financial services.

The FMA is concerned that AxonExchange is operating a scam, prompted by an investor's complaint of difficulty withdrawing funds from the platform.

Rising Number of Impostors in New Zealand

The regulatory authority in New Zealand has raised concerns about an increase in impostor-related scams, particularly highlighting the rise in fake product disclosure statement frauds. In 2023, there were 82 warnings issued regarding suspected investment scams and impostor websites, as well as 22 warnings concerning unregistered businesses. This marks a significant uptick in efforts to alert the public about these deceptive practices.

Additionally, the FMA has reported an emerging trend where scammers impersonate another regulatory body, specifically the UK’s Financial Conduct Authority. These scammers send emails to New Zealand residents claiming they can assist in recovering funds lost in previous scams.

According to a report published by the FMA at the end of last year, while the total number of crime warnings decreased to 89 in 2023 from 111 the previous year, there was a noteworthy increase in the number of impostors and imposter websites. The report noted 29 such cases in 2023, a significant rise from previous years when similar cases were isolated and not statistically relevant.

This article was written by Damian Chmiel at www.financemagnates.com.
Source : Wallet Invester
2032 days ago

Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08

Hot news: These changes have happened in the last hour.

In the last one hour Bitcoin is leading the record of among the most popular crypto-currency in the trading ecosystem, it has an decrease of -0.33% from its previous value from 6631.875 dollars now at 6609.990 dollars exchange rate. Next to Bitcoin is T..

The post Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08

Hot news: The summaries of the last one hour are the followings:

Bitcoin is leading the rank on the most popular crypto-currency, it has an upsurge of 0.12% in its exchange rate, which means 6668.000 dollars from the 6660.008 dollars earlier. Tether is in the second position as Bitcoin leads the first spot. ..

The post Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

In the last hour, Bitcoin is leading the cryptocurrency rank. A fall in the exchange rate was seen from 6663.014 dollars to 6640.360 dollars a -0.34% change. Next to Bitcoin is Tether in the second position..

The post Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07

Hot news: Here you can read the new CryptoCurrency report of the last 60 Minutes.

Bitcoin is leading the rank in the last hour as the most popular crypto currency in the trade market, with a recorded fall on its value of about -0.12% in the last hour with a current standing rate of 6674.850 dollars from 6682..

The post Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07

Hot news: There were a lot of happenings in the last 60 minutes on the Crypto stock exchanges.

Bitcoin is listed as the most popular cryptocurrency in the market. In the last sixty minutes, it had an downswing of -0.19% on its trading price. This means from 6699.038 dollars now at 6686.310 dollars. Tether is..

The post Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07

Hot news: Now we show you the newest summary of 60 minutes.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an decrease of -0% in its exchange rate from 6704.570 dollars now at 6704.570 dollars. Bitcoin is seconded by Tether, in a 60 minutes time it has a drop..

The post Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

Bitcoin was in the top position in the last hour, the exchange rate decreases from 6710.021 dollars to 6709.350. This is a -0.01% recorded change. Tether is at the second position next to Bitcoin, with a re..

The post Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2032 days ago

Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07

Hot news: These changes have happened in the last hour.

Bitcoin was in the top position in the last hour, the exchange rate increases from 6689.711 dollars to 6709.780. This is a 0.3% recorded change. Bitcoin is followed by Tether, with a -0.07% tumble on its trade value in the last one hour, equivalent to 0..

The post Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2033 days ago

Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

The number one cryptocurrency leader is Bitcoin, this data was fetched in the last hour. It has an decrease on its trade value to -0.2%, now at 6687.450 dollars from 6700.852. Tether is at the second positi..

The post Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
2033 days ago

Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07

Hot news: These are the changes of the CryptoCurrency market in the last one hour.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an increase of 0.05% in its exchange rate from 6689.215 dollars now at 6692.560 dollars. Tether is next to the leading crypto Bit..

The post Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07 appeared first on CryptoCurrency Blog.

Source : CryptoNinjas
45 days ago

Top 5 Bitcoin ATM Locations in Athens for Fast and Easy Crypto Access

As a crypto analyst and frequent investor in the Greek digital currency market, I can confidently recommend Bcash for convenient and secure Bitcoin purchasing in Athens. With 10 strategically located crypto ATM hotspots spanning central Athens and the northern suburbs, Bcash enables instant access to leading cryptocurrencies like BTC, ETH, and USDT. Experience the Leading […]

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Source : CryptoNinjas
97 days ago

Bitwise launching spot bitcoin ETF (BITB)

Bitwise Asset Management, the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading today, January 11th. BITB will join Bitwise’s comprehensive suite of 18 crypto investment products, which currently includes five other crypto ETFs. “We expect significant demand for […]

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Source : CryptoNinjas
149 days ago

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment […]

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Source : CryptoNinjas
156 days ago

4 Things We’ve Learned About Owning Bitcoin in 2023

For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure you’re clued up and well-educated on the topic, especially if you’ve ever considered investing yourself. However, with so much misinformation floating […]

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Source : CryptoNinjas
198 days ago

Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and private. RPC nodes help process requests from decentralized applications (dApps). They are vital for improving the usability of web3 and for […]

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Source : CryptoNinjas
233 days ago

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot, futures, and margin trading. Whether a seasoned trader or just starting your cryptocurrency […]

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Source : CryptoNinjas
233 days ago

Hong Kong’s first licensed crypto exchange HashKey is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong. Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform […]

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Source : CryptoNinjas
295 days ago

Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running. ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and […]

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Source : CryptoNinjas
301 days ago

Maximize Your ETH Investment: The ETHphoria Vault by Pods

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices. ETHphoria is a low-risk, principal-protected strategy designed […]

The post Maximize Your ETH Investment: The ETHphoria Vault by Pods appeared first on CryptoNinjas.

Source : CryptoNinjas
310 days ago

Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv. FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal. Who is […]

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Source : CryptoNinjas
315 days ago

What is DeFi Returns? A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem. All data displayed is sourced from the protocol’s smart contracts directly. The new DeFi Returns […]

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Source : CryptoNinjas
330 days ago

RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX’s position as a comprehensive provider of diverse staking needs, maneuvering quickly to the evolving crypto market landscape. Navigating the Ethereum ecosystem presents institutions with […]

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Source : CryptoNinjas
343 days ago

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. […]

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Source : CryptoNinjas
355 days ago

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of ‘Olliv,’ a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive, and swap cryptocurrency securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians. By leveraging CoinFlip’s existing network […]

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Source : CryptoNinjas
363 days ago

Crypto derivatives exchange Deribit to launch zero-fee spot trading

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives. Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution […]

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Source : CryptoNinjas
427 days ago

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Japan-based banking giant Nomura, announced today that its digital assets subsidiary, Laser Digital, has made a strategic investment in Infinity, a non-custodial interest rate protocol built on Ethereum. Infinity’s wholesale exchange, the first of several planned infrastructures, provides inter-exchange clearing, fixed and floating rate markets, as well as enterprise-grade risk management utilizing hybrid on-chain/off-chain infrastructures […]

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Source : CryptoNinjas
440 days ago

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. […]

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Source : CryptoNinjas
449 days ago

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% […]

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Source : CryptoNinjas
454 days ago

Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages to institutional traders including: Competitive Pricing & Execution: Liquidity is sourced from top-tier liquidity providers with deep liquidity pools, enabling counterparties […]

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Source : CryptoNinjas
459 days ago

Crypto securitization platform GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue certificates such AMCs (Actively Management Certificates). […]

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Source : CryptoNinjas
468 days ago

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the earliest staking platforms in the space, MyCointainer. Users of both […]

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Source : CryptoNinjas
485 days ago

DeFi protocol Pods raises $5.6M to support its structured crypto products dApp

Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more. The first strategy on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product focused […]

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Source : CryptoNinjas
491 days ago

Crypto derivatives exchange Deribit releases new client verification of assets tool

Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the functionality to verify their assets to be included in Deribit’s overall reserves. How it Works Deribit provides all addresses for all on-chain assets and it delivers […]

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Source : CryptoNinjas
497 days ago

Tenderly introduces TXN simulations on its blockchain gateway for efficient dApp development

Tenderly, creators of a blockchain development platform, today announced that it is the first web3 development platform to offer simulations through RPC on its Tenderly Web3 Gateway, the company’s production node as a service. Note, Tenderly already processes more than 50 million simulations per month through its Transaction Simulator. Now, the company is introducing the […]

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Source : CryptoNinjas
499 days ago

DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration

DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency. Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet […]

The post DFINITY brings new smart contract functionality to Bitcoin with Internet Computer integration appeared first on CryptoNinjas.

Source : Bitcoin Magazine
Added today

What the heck is CatVM?

A breakdown of Taproot Wizard's recent CatVM proposal, what it actually is, and what it could be useful for.
Source : Bitcoin Magazine
Added today

Breaking Down The 2024 Bitcoin Halving: Implications and Predictions for Bitcoin Miners

What lies after Bitcoin’s 4th halving? Read on to understand its economic and operational impacts for the Bitcoin mining sector.
Source : Bitcoin Magazine
Added today

Hong Kong Bitcoin ETFs to Trade by April 30th: Reports

Hong Kong's hotly anticipated spot bitcoin ETFs are expected to launch by end of April, potentially yielding up to $25 billion in capital inflows according to industry analysts.
Source : Bitcoin Magazine
Added today

Rights, Reason, Revolution: In DC at the Bitcoin Policy Summit

A retrospective look at the recent Bitcoin Policy Summit in Washington, D.C.
Source : Bitcoin Magazine
Added today

Dylan LeClair: Bitcoin Bull Market Dip or Cycle Regime Shift?

Bitcoin fell below $60,000 amid fears of global conflict. Analyst Dylan LeClair unpacks whether this represents a true shift in momentum, or simply a bull market correction as bitcoin moves higher.
Source : Bitcoin Magazine
1 days ago

Azteco Is Helping Millions Buy Bitcoin Without Sharing Their Identity

Alexander “Akin” Fernandez’s Azteco provides Bitcoin users around the world a way to get their hands on “synthetic money” without revealing their identity, creating a world in which bitcoin is so ubiquitous and easy to use that it’s boring.
Source : Bitcoin Magazine
1 days ago

The Weekly Reorg: Bitcoin Fashion Week

In case you missed it, Bitcoin Season 2 released part of its Spring/Summer collection last week.
Source : Bitcoin Magazine
1 days ago

Bitcoin DevCon To Take Place Alongside Bitcoin Asia

Bitcoin Asia will see developers from across the globe flock to Bitcoin DevCon, May 7-8.
Source : Bitcoin Magazine
1 days ago

How Bitcoin could impact financial inclusivity among minority groups

A reminder that Bitcoin was designed to give people access to financial services, and not simply enrich early adopters.
Source : Bitcoin Magazine
2 days ago

Bitcoin's Turning Point: Counting Down to the Most Important Halving in History

With the Bitcoin halving slated to occur in ~4 days, the biggest names in Bitcoin from around the world are counting down the most important halving yet.
Source : Bitcoin Magazine
2 days ago

Beyond Tribalism: The Synergistic Future of Bitcoin and Ethereum

An argument for why Bitcoin and Ethereum can actually complement each other in the long term, rather than exist as competitors.
Source : Bitcoin Magazine
2 days ago

Hong Kong Approves the First Batch of Spot Bitcoin ETFs, Issuer Says

Hong Kong has reportedly approved its first batch of spot bitcoin ETFs, with multiple issuers announcing they received permission to launch the Bitcoin funds.
Source : Bitcoin Magazine
4 days ago

How did Satoshi Think of Bitcoin?

Unchained CSO Dhruv Bansal explores the principles and history that led to Bitcoin's creation and asks the question: "what hath Satoshi wrought"?
Source : Bitcoin Magazine
5 days ago

Who Will Be The Next Spot Bitcoin ETF Issuer To Support BTC Developers After Bitwise And VanEck?

Currently, less than 20% of the financial institutions that issued spot Bitcoin ETFs give back to Bitcoin Core developers.
Source : Bitcoin Magazine
5 days ago

6 Common Pitfalls of Self-Directed and Checkbook Bitcoin IRAs

Holding bitcoin in an IRA can be a great way to reduce your tax burden, but it's important to understand common mistakes and how to avoid them when holding bitcoin for retirement.
Source : Bitcoin Magazine
5 days ago

The Technical Architecture of the Quantum Cats

Rijndael, Chief Technology Officer at Taproot Wizards, describes the technical architecture that was designed to facilitate the evolving artwork of the Quantum Cats.
Source : Bitcoin Magazine
5 days ago

IMF Demands Changes to El Salvador's Bitcoin law: Report

The IMF is reportedly demanding changes to El Salvador's pioneering Bitcoin law amid $1.4 billion credit negotiations, underscoring tensions over Bitcoin's disruptive potential.
Source : Bitcoin Magazine
6 days ago

TD Bank Releases Commercial Explaining The Bitcoin Halving And Promotes ETFs

The commercial delves into the supply and demand dynamics of Bitcoin leading into its fourth halving.
Source : Bitcoin Magazine
6 days ago

A Deep Dive Into Bitcoin Miners' Strategies During The Halving

A look into some of the strategies being employed by miners going into the upcoming Halving.
Source : Bitcoin Magazine
6 days ago

Quality Money: Bitcoin to Become Scarcer than Gold Post-Halving

For the first time, the new supply of bitcoin entering the market is set to surpass gold after the 2024 Bitcoin halving. The sixth installment of “10 Steps to Self-Sovereignty” powered by Ledger.
Source : Bitcoin Magazine
6 days ago

Chinese Financial Institutions Turn to Hong Kong’s New Bitcoin ETF

With Hong Kong asset managers somewhat reluctant to submit applications for the new ETF, a series of multibillion-dollar firms from Mainland China have entered the market.
Source : Bitcoin Magazine
6 days ago

Bitcoin Startups Raised Nearly $1 Billion between 2021 And 2023: Report

Bitcoin startups raised $301 million through all of last year alone.
Source : Bitcoin Magazine
6 days ago

Wall Street Is Buying US Spot Bitcoin ETFs: 13F SEC Fillings

Major Wall Street institutions like Park Avenue Securities and Inscription Capital bought into spot bitcoin ETFs in Q1 according to just-released SEC 13F filings.
Source : Bitcoin Magazine
7 days ago

Crypto Wallet Maker Keystone Debuts Bitcoin-Only Firmware for Flagship Device

Keystone’s upgraded bitcoin-only firmware makes managing bitcoin on the Keystone 3 Pro more secure and convenient.
Source : Bitcoin Magazine
7 days ago

Holding Onto Your Bitcoin: Don’t Get Killed On Taxes

One of the simplest ways to lose your bitcoin: taxes. Jessy Gilger, CFP, shares insights on tax strategy optimization for your bitcoin stack.
Source : Bitcoin Magazine
7 days ago

Bitcoin Payment Processor BTCPay Server To Debut Origin Story Documentary In Poland

The film will premiere at the Bitcoin Film Festival on April 19.
Source : Bitcoin Magazine
7 days ago

How Does a Bitcoin Loan Work?

Discover the mechanics, benefits, and risks of Bitcoin-backed loans. Understand how to use your Bitcoin holdings and lend them out for US dollars to your advantage.
Source : Bitcoin Magazine
7 days ago

Dogma Kills Brain Cells

All cultures require some overarching belief to hold it together as a cohesive identity. But when that belief is followed too blindly it leads to stagnation and dissent. From "The Inscription Issue".
Source : Bitcoin Magazine
7 days ago

$200 Billion: US Bitcoin Spot ETFs Top $200 Billion in Trading Volume

U.S. spot bitcoin ETFs have topped $200 billion in cumulative trading volume just three months after launching, led by major providers like BlackRock.
Source : Bitcoin Magazine
7 days ago

Hong Kong to Approve Asia's First Bitcoin Spot ETFs in April

Hong Kong will reportedly approve Asia's first spot bitcoin ETFs this month, cementing its Bitcoin-friendly stance and status as a rising finance hub.
Source : Bitcoin Magazine
8 days ago

The BitVM Liquidity Crunch Issue

An analysis of the recent criticism of BitVM based two way pegs published by Taproot Wizards.
Source : Bitcoin Magazine
8 days ago

The U.S. Needs To Lead in Bitcoin, Says Congressman Patrick McHenry

The United States Representative says that cash is king in illicit finance and that Bitcoin is a bastion of freedom.
Source : Bitcoin Magazine
8 days ago

WATCH: The Bitcoin Policy Summit is Happening Now in Washington, DC

Leading United States congressmen, industry leaders and academics are meeting in the U.S. capital to discuss the political and economic importance of Bitcoin in the United States.
Source : Bitcoin Magazine
8 days ago

The Next MicroStrategy? Japanese Public Company Is Buying Bitcoin

Japanese public company Metaplanet is purchasing $6.5 million in Bitcoin for its corporate treasury, mimicking MicroStrategy's BTC accumulation strategy.
Source : Bitcoin Magazine
9 days ago

Policymakers, Industry Leaders To Gather in Washington, DC for Annual Bitcoin Policy Summit

Top policymakers convene in the nation's capital for a pivotal event tomorrow to discuss the regulatory landscape shaping Bitcoin.
Source : Bitcoin Magazine
9 days ago

All 21 Million Bitcoin Already Exist Waiting To Be Unlocked By Auction

A look at Dhruv Bansal's conceptual view of the issuance process of fresh bitcoin from a new angle. They aren't being created, they're simply being unlocked.
Source : Bitcoin Magazine
9 days ago

Skybridge's Anthony Scaramucci Predicts $170,000 Bitcoin Price

Skybridge Capital founder Anthony Scaramucci predicted a $170,000 Bitcoin price this cycle, citing growing institutional adoption and upcoming supply constraints.
Source : Bitcoin Magazine
9 days ago

Fully Noded: The Basics and Benefits of Running a Bitcoin Node

While you can interact with the Bitcoin network solely using a wallet, running your own node delivers privacy benefits and grants the ability to verify your transactions and Bitcoin’s 21 million supply cap. The fifth installment of “10 Steps to Self-Sovereignty” powered by Ledger.
Source : Bitcoin Magazine
9 days ago

Despite Criticism, Lightning Network Continues Seeing Major Rollouts

The Lightning Network is facing a growing number of developers that consider it a “dead end” as capacity drops. Nevertheless, major new partnerships keep breathing in new life.
Source : Bitcoin Magazine
9 days ago

China's Largest Funds Apply for Spot Bitcoin ETF in Hong Kong

Major Chinese asset managers like Harvest Fund and Southern Fund are leveraging Hong Kong subsidiaries to apply for Bitcoin ETFs.
Source : Bitcoin Magazine
12 days ago

When is the next Bitcoin Halving?

As we approach the conclusion of the third epoch, the countdown to the next Bitcoin halving is firmly underway. The halving (also known as the “Halvening”) is one of the most important and innovative features of Bitcoin. Every 10 minutes, the Bitcoin network issues new bitcoin and approximately ...
Source : Bitcoin Magazine
12 days ago

National Emergency: Executive Order 6102 and the Heist of the Century

A comprehensive history of the events leading up to the historic Executive Order 6102 under FDR that led to widespread gold confiscation in the United States.
Source : Bitcoin Magazine
12 days ago

Publicly-Traded Bitcoin Miner Runs on 100% Renewable Energy, Audit Confirms

A report from CarbonChain shows that Gryphon Digital Assets is mining bitcoin with hydroelectric power, producing zero carbon emissions.
Source : Bitcoin Magazine
12 days ago

First Spot Bitcoin ETF to launch in Australia, Says Monochrome

Monochrome plans to launch Australia's first spot bitcoin ETF holding physical BTC, pending approval from Cboe Australia expected by mid-2024.
Source : Bitcoin Magazine
12 days ago

Bhutan to Boost Bitcoin Mining Capacity by 500% Ahead of Halving

Bhutan plans to expand its Bitcoin mining capacity 500% ahead of the impending halving event, ramping up renewable-powered operations to 600 megawatts.
Source : Bitcoin Magazine
13 days ago

$900 Billion DWS Launches Physical Bitcoin ETC In Germany

Germany joins the US and Great Britain in launching a new physically backed Bitcoin product this year.
Source : Bitcoin Magazine
13 days ago

Report: Morgan Stanley 'Racing' to Offer Bitcoin ETFs to All Clients

Morgan Stanley is racing to become the first major U.S. bank to fully approve Bitcoin ETF trading, a pivotal move for Bitcoin adoption.
Source : Bitcoin Magazine
13 days ago

Decentralization and Localized Manufacturing: Bitcoin, AI and 3D printing

A look at the similarities between AI, 3D printing, and Bitcoin in terms of their disruptive potential as decentralized technologies.
Source : Bitcoin Magazine
13 days ago

Debt From Above: The Carbon Credit Coup

Latin America is quietly being forced into a carbon market scheme through regional contractual obligations – enforced by the satellites of a US intelligence-linked firm – which seeks to create an inter-continental "smart grid," erode national and local sovereignty, and link carbon-based life to the debt-based monetary system via a Bitcoin sidechain.
Source : Bitcoin Magazine
13 days ago

Franklin Templeton: Ordinals Driving 'Renaissance' in Bitcoin Innovation

Financial services giant Franklin Templeton sees Bitcoin undergoing a renaissance of innovation driven by ordinals, layer 2s, and new protocol standards.

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