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Van Eck Analysts Foresee $1 Trillion Market Cap for Ethereum’s Layer Twos by 2030
Binance: Detained Executive Lacks Decision-Making Authority, Must Be Released
[Apr 3, 2024 11:18 PM] Tigran Gambaryan, the Binance employee detained by Nigerian authorities, is a stringent law enforcement professional with no decision-making authority, according to the crypto exchange. Through his Financial Crime Compliance (FCC) team, Gambaryan…
Coingecko Report: Meme Coins Eclipse AI and RWA Tokens With Stellar Q1 Performance
[Apr 3, 2024 10:41 PM] In the first quarter of 2024, meme coins significantly outshone all other cryptocurrency narratives by delivering an astonishing average return of 1312% across its leading tokens, as observed in a report by Coingecko. Among these, the newly…
Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’
Bitcoin Cash Undergoes Halving Event, Sets Stage for May Upgrade
[Apr 3, 2024 5:00 PM] The Bitcoin Cash network has witnessed its halving event at block height 840,000, leading to a reduction in the miner reward to 3.125 coins per block from the previous 6.25 coins. Miner Rewards Halved on Bitcoin Cash Network The latest block data…
Wormhole $617M Airdrop Ignites Valuation Surge To $3B, But W Price Stumbles 23%
[Apr 3, 2024 4:00 PM] Wormhole, a cross-chain communication protocol enabling the transfer of assets between blockchains, recently launched an airdrop campaign for its newly issued governance token, W. Early users were rewarded with 617 million W tokens, and the…
ETF Analyst Comments on ARKB Outflows: A Reality Check for Crypto’s Hodler Class
[Apr 3, 2024 3:31 PM] In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5 million. Despite ARKB’s significant outflow surpassing…
Analysts Say XRP Price Is Ready To Breakout, Here Are The Targets
[Apr 3, 2024 3:00 PM] Crypto analyst Egrag Crypto has stated that a breakout could be on the horizon for the XRP price. He also outlined price targets that the crypto token could hit if this price breakout were to happen successfully. XRP Price Could Rise To As High As…
W Token’s Rollercoaster Day: From $1.25 Low to $1.66 All-Time High
[Apr 3, 2024 1:36 PM] Following Ethena’s ENA airdrop, the community has shifted its focus on Wormhole’s airdrop W, which has been listed on various centralized exchange platforms and coin market cap aggregators. The new token known as W has seen an extremely volatile…
Double or Nothing: Proshares Unveils BITU and SBIT ETFs for Bullish and Bearish Bitcoin Bets
[Apr 3, 2024 12:34 PM] On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily…
Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible
[Apr 3, 2024 12:00 PM] A crypto analyst has identified a key technical indicator in the Shiba Inu price chart that suggests that the cryptocurrency is set to witness a major price rally to new highs. Asymmetrical Triangle Signaling SHIB Price Surge Appears A crypto…
Ethena’s ENA Token Soars 80% Since Launch, Now a Top 100 Crypto Asset Amid Defi Buzz
[Apr 3, 2024 9:32 AM] Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization…
Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000
[Apr 3, 2024 9:00 AM] The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an…
UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
[Apr 3, 2024 8:42 AM] The DSS will last five years and could lead to a new regulatory regime for securities settlement.
Markets Tumble as Fed Rate Cut Expectations Diminish
[Apr 3, 2024 8:35 AM] Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a…
Bitcoin Technical Analysis: Price Consolidates Following Bearish Downturn
Shiba Inu Fires Up With 4,000% Burn – Price Rebound Coming?
[Apr 3, 2024 4:11 AM] Shiba Inu (SHIB), the popular dog-themed meme coin, is experiencing conflicting signals amidst the recent crypto market slump. While the burn rate, a metric indicating the rate at which tokens are permanently removed from circulation, skyrocketed…
Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap Increase
[Apr 3, 2024 3:07 AM] The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated…
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
[Apr 3, 2024 1:22 AM] Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the…
Grayscale’s Bitcoin ETF Outflows Surpassed for the First Time
Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
[Apr 2, 2024 11:34 PM] On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6…
Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin
[Apr 2, 2024 9:40 PM] Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital…
Bitcoin Insider Tip: Expert Signals Key Catalyst That Could Revive BTC’s Rally
[Apr 2, 2024 8:00 PM] Renowned venture capitalist and Bitcoin advocate Anthony Pompliano has recently sparked discussions with his post on X addressing the predictions of Bank of America. According to Pompliano’s post, the US government may face a $1.6 trillion…
Grayscale Drops Bombshell Report: Crypto Bull Run Progresses To ‘Middle’ Phase, Future Outlook Detailed
[Apr 2, 2024 7:00 PM] The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and part of 2023. Notably, Bitcoin and other major…
Singapore Imposes New Rules for Digital Payment Token Services
[Apr 2, 2024 5:21 PM] Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated…
Bitcoin Price Plummets As US Government Transfers $2B In Seized Silk Road BTC, Coincidence?
[Apr 2, 2024 5:00 PM] The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace. This development comes at a critical time for the Bitcoin price…
Crypto.com Expands Into South Korean Crypto Market
[Apr 2, 2024 3:29 PM] Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global…
MakerDAO Initiates Massive $600 Million DAI Investment In USDe And sUSDe
[Apr 2, 2024 3:00 PM] Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk…
Polygon CEO: L3s Might Represent a Threat to Ethereum’s Security
[Apr 2, 2024 1:23 PM] Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and…