USDD removed 12,000 Bitcoin from its collateral without a Tron DAO governance vote. Justin Sun says the collateral removal aligns with DeFi rules as per collateral rates. The sole vote in the DAO’s history addressed unrelated matters, further sparking debates. The decentralized stablecoin USDD, launched on Tron, has undergone a significant adjustment to its collateral…
Bittensor (TAO) leads the AI token recovery with impressive gains, leading to a breakout rally. Will the rally cross $400 amid a broader market revival? As the broader market recovers, despite the Bitcoin price being stuck at $60,000, the bulls are back in motion. A bullish recovery in the top AI and big data has…
MATIC has surged 12.5% at press time, with analysts predicting a potential 450% rally. Despite growing investor interest, MATIC’s overbought RSI suggested possible short-term risks. Polygon [MATIC] has had a challenging year, underperforming compared to its peers among the top cryptocurrencies by market capitalization. Though many major assets have seen impressive gains, with some surging…
Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of its 57th project on Binance Launchpool: Dogs (DOGS). The new token is a memecoin born from the Telegram community and is built on the TON blockchain. Binance on X: “Introducing @realDogsHouse $DOGS on #Binance Launchpool! Farm #DOGS by staking #BNB…
According to data provided by cryptocurrency analytics firm Lookonchain, a Bitcoin whale recently liquidated a whopping $18.25 million worth of Bitcoin at a loss. The whale initially purchased $54.6 million worth of Bitcoin at $63,878 last month. They liquidated a large chunk of Bitcoin (BTC) during the Aug. 5 market crash. As reported by U.Today,…
The cryptocurrency market seems to be recovering, with Bitcoin aiming to reclaim price levels beyond the $60K mark. At press time, BTC is sitting at $60,862, up 0.29% in the last 24 hours. Dogecoin is also showing signs of recovery. The BTC token had earlier touched the coveted $70K mark, and since then, it has…
For months, analysts have been predicting an upcoming altcoin season, but so far, these forecasts haven’t come true. In a recent Altcoin Daily podcast, crypto trader Tom Crown shared his perspective on recognizing when “altcoin season” begins and highlighted some top altcoin picks for this phase. Want to know when to dive into altcoin season?…
The crypto well is brimming with opportunities in 2024, especially for those willing to look beyond the well-known giants like Bitcoin and Ethereum. Altcoins, or alternative cryptocurrencies, have been on fire as of late, offering unique technologies and growth potential. If you’re thinking about diversifying your portfolio or jumping into the crypto scene for the…
Spaces Protocol founder Mike Carson argues that in light of the recent Squarespace DNS attack, domains should be decentralized and put on the blockchain. Source link
Spot Bitcoin ETFs have seen their sixth consecutive day of net inflows, while spot Ether ETFs continue to net outflows, adding to their six-day negative flow streak. According to data from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $64.91 million in net inflows on Aug. 22, representing a jump of 65% compared to the…
Crypto is among the most favored forms of investment for its quick gains, trading options, and many other relevant features. It is the space where fortunes can be made in seconds and lost as well because of the rising scams. One such scamming trend is Pig butchering crypto scams, which are rising heavily, and hundreds…
Trump’s crypto journey continues with the launch of “The DeFiant Ones.” Promises to disrupt traditional banking. Former US President Donald Trump announced his new cryptocurrency project, “The DeFiant Ones.” The news, revealed through a post on Truth Social, Trump’s own social media platform, has sparked curiosity and speculation across the financial and crypto communities. “For too…
The Indian government is drafting a consultation paper to address key crypto concerns as part of its push towards greater regulatory clarity surrounding the asset class. According to a CNBCTV18 report on Wednesday, the Secretary of the Department of Economic Affairs is heading up a panel that is expected to publish a consultation paper, with…
The ongoing burning registers a massive 1251% surge in the burning rate of SHIB coins, taking the price back strong to the $0.000014 zone. Not every time but generally lower supply keeps pushing the price, but only of the community demand is intact. This time for SHIB, it looks favorable. Shiba Inu Supply Is Reducing…
The Tron DAO Reserve moved out 12,000 BTC worth around $730 million at press time. Tron founder Justin Sun noted the over-collateralization of Decentralized USD (USDD) as the reason for the withdrawal. The Reserve is in place to stabilize the Tron network, the USDD stablecoin, and the broader crypto market. Before BTC was moved out…
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency…
[PRESS RELEASE – Dubai, UAE, August 23rd, 2024] Polynomial, a pioneering force in decentralized finance (DeFi), has announced the launch of Trade 2.0, its next-generation decentralized leverage trading platform. Designed to set new standards in the DeFi landscape, Trade 2.0 brings cutting-edge features and unmatched capital efficiency to traders worldwide. Revolutionizing Trading with Trade 2.0 Trade…
Coinbase, the largest cryptocurrency exchange in the United States, announced that Coinbase Prime has signed a custody agreement with Ethena Labs. Coinbase announced in its official blog post that its brokerage platform Coinbase Prime has signed a custody agreement with Ethena Labs, the issuer of stablecoin USDe. Under this agreement, Coinbase will manage the custody…
Binance, the world’s largest cryptocurrency exchange by trading volume, recently made a significant market announcement. Known for its impactful listings and delistings, Binance has also been supportive of various network and cryptocurrency updates, drawing substantial attention from investors. The latest update revealed the inclusion of VIDT for futures trading, a move that has already started…
Sui Network recorded 2.14 billion transactions in 2024, surpassing major networks like Tron, Polygon, and Ethereum. Sui Network is six times faster than Solana, processing 297,000 transactions per second. Sui Network emerge as a dominant power in the blockchain space by 2024, outpacing other major networks in terms of transaction volume. According to Artemis data,…
August 23, 2024 at 12:00 PM GST updated: August 23, 2024 at 11:44 AM 4 mins read Press Release After the highly anticipated MEXC listing of Poodlana, the popular Solana-based meme coin, the crypto community has been buzzing with excitement. Poodlana’s presale was nothing short of spectacular, raising an impressive $7.9 million. Read CRYPTONEWSLAND on…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Near Protocol is gaining popularity and some analysts think that it might replicate Solana’s meteoric run. Meanwhile, crypto casino Rollblock is ready for a new all-time high as presale hits $2.2 million raised in record time. Near Protocol Accumulation Continues, Analysts Predict New Run When zooming out on the…
The post Bitcoin Price Prediction: Here is the Roadmap for the BTC Price by the End of Q3 2024! appeared first on Coinpedia Fintech News The Bitcoin price is playing a very resilient trade at the moment as the bulls appear to have slowed down, probably to reduce the bearish attention. The star token has…
AVAX shows bullish signals as it breaks out of a downtrend, nearing overbought territory. ADA forms a falling wedge, indicating a potential breakout and upward price movement. Analyst predicts AVAX could see a 200% rally after a successful wedge breakout. Avalanche (AVAX) and Cardano (ADA) are showing promising signs of potential breakouts in their respective…
Friday, August 23, marks another significant day for crypto options expiry, particularly Bitcoin and Ethereum contracts. Per Greeks live, around 18,400 Bitcoin options contracts, with a combined notional value of approximately $1.12 billion, are set to expire. Despite a relatively quiet spot market this week, investors are observing these events closely, hoping for potential market…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
SHIB saw a 10% recovery but was still stuck in a tight price range. Whales were highly responsible for the recent recovery. Shiba Inu [SHIB] has seen remarkable whale interest during this week’s recovery rally. The rally, which started on the 19th of August, reaching a 10% gain during the early New York trading session…
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BTC fees recently jumped 120 times higher than normal. This happened because of a Bitcoin staking rush on the Babylon platform. Many users were surprised by this sudden rise in Bitcoin fees. It shows how quickly crypto markets can change. It also highlights how new staking options can affect the market. Bitcoin Fees Skyrocket Amid…
The Bitcoin price is playing a very resilient trade at the moment as the bulls appear to have slowed down, probably to reduce the bearish attention. The star token has been consolidating underneath a crucial resistance for over a couple of weeks, offering a golden opportunity for the bulls to retake this to flip the…
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. Source link
AVAX, the native token of layer-1 blockchain Avalanche, has seen a rise of 12% in the past 24 hours, making it a top performer among the top 100 cryptocurrencies by market capitalization. After nearly six months of decline, Avalanche’s (AVAX) price appears to be in the early stages of a potential trend reversal. On Aug….
Sony Group announces its own blockchain “Soneium” in partnership with Startale. The public Ethereum layer 2 blockchain is built on Optimism’s OP Stack. With support from Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph, the versatile chain aims to attract app developers from sectors including entertainment, gaming, and finance. Sony Aims to Revolutionize Ethereum…
Options on Bitcoin (BTC) and Ethereum (ETH) totaling $1.5 billion are approaching expiry, all while the market remains relatively calm. However, this stability may be short-lived. The annual central bank meeting in Jackson Hole, which begins today, is widely seen as the month’s most notable macro event. Investors are particularly focused on any news regarding…
Crypto Live News Author: Nidhi Kolhapur Nidhi Kolhapur Author Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Aug 23, 2024 12:51 Federal prosecutors have charged Michelle Bond, the domestic partner of former FTX executive Ryan…
The U.S. Securities and Exchange Commission (SEC) has added another victory to its list. This time, a federal appeals court backed a California judge’s decision to dismiss a lawsuit from Hodl Law, a firm focused on crypto. Hodl Law wanted the SEC to clarify whether Ether (ETH) and the Ethereum network were considered securities. The…
Tectum, developed by Crispmind, is the world’s fastest layer-1 blockchain, achieving 3.5 million transactions per second through a proof of utility consensus mechanism. It guarantees seamless, private transactions using layered processing and zero-knowledge proofs. Alex Guseff, the owner of Crispmind, is the Lead Architect of Tectum and SoftNote. He recently joined the Bitcoin.com News Podcast…
Bitcoin’s price has been on a rollercoaster throughout the past few days but it appears that, at least for now, the bulls have the upper hand. They were successful in reclaiming the important technical and psychological level of $60K and are currently attempting to push BTC above $61,000. Source: TradingView However, we are headed for…
Google tightens ad guidelines to combat digital scams and protect users in Switzerland. According to an update, only compliant, licensed crypto firms can advertise under new Google rules. Google’s advertising policies have sparked significant controversy in recent years, particularly regarding promoting cryptocurrency projects and related products. These guidelines have led to legal challenges in multiple…
Japanese technology giant Sony is now launching its own blockchain. Sony Block Solutions Labs, a joint project of Sony Group and Singapore-based Startale Labs, announced on Friday that it will launch a new layer-2 network called “Soneium” on top of the Ethereum blockchain, Coindek reported. Sony will be using Optimism’s OP Stack technology for their…
The cryptocurrency market is gearing up for a new upward trend, as Bitcoin approaches the $61,000 mark. Altcoins like Render and Chainlink are showing remarkable growth potential, contributing to the overall market recovery. Additionally, altcoins within the gaming sector find themselves in robust buying zones, attracting investor interest. Will Bitcoin Break $70,000? Bitcoin is making…
Base Network leads Layer 2 with nearly 40% more daily active addresses than Arbitrum and Optimism combined. Base’s total value locked surged over 200% to reach $3 billion in just a few days According to IntoTheBlock data, Base’s transaction volume increased by 300% during Q2 2024, and it now outpaces its competitors, Arbitrum and Optimism,…
August 23, 2024 at 11:00 AM GST updated: August 23, 2024 at 10:48 AM 4 mins read Press Release After a significant drop, the MATIC support level is stabilizing between $0.40 and $0.43. At the same time, Bitcoin is holding steady, with its value floating between $57,000 and $60,000. These popular crypto coins are showing…
Key Points 18,000 Bitcoin options and 140,000 Ethereum options are about to expire today. BTC is trading above $61,000 and ETH is priced above $2,600. An official announcement from Greeks.live reveals the August 23 options data. 18,000 Bitcoin options are set to expire today, with a Put Call Ratio of 0.83, a Maxpain Point of…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 With the rise of digital assets and blockchain technology, many new projects are emerging, promising substantial returns and innovative solutions. However, not all of these projects are legitimate. One such project that has raised red flags is the DigiHorse Empires presale. This article aims to warn our readers about…
The U.S. Securities and Exchange Commission (SEC) has added another victory to its list. This time, a federal appeals court backed a California judge’s decision to dismiss a lawsuit from Hodl Law, a firm focused on crypto. Hodl Law wanted the SEC to clarify whether Ether (ETH) and the Ethereum network were considered securities. The…
XRP witnesses significant trading volume on cash markets, with over 85 billion tokens traded by market participants every month. Recall that American derivatives firm Bitnomial recently unveiled its plans to launch XRP/USD Futures contracts. This move has been described as a crucial step toward the potential future launch of a spot XRP ETF by an…
Are you ready to harness the potential of the crypto market as it prepares for […] Source link
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Inspired by the BRICS de-dollarization agenda, Zimbabwe launched a new gold-backed currency, the ZIG, early this year to take on the US dollar. The gold-backed currency was launched in April 2024 to reduce the circulation of the US dollar in the country. Surprisingly, ZIG is gaining steam across Zimbabwe and 40% of payments are being…