China has successfully extradited a suspect involved in a massive $14 billion cryptocurrency pyramid scheme from Thailand.Ā The suspect, identified as Zhang, is accused of leading the MBI Group, which allegedly lured over 10 million investors with promises of high returns from 2012 until the present. According to Chinaās Ministry of Public Security, Zhangās scheme…
AI News: Meta CEO, Mark Zuckerberg, and Spotify CEO, Daniel Ek, are advocating for Europe to adopt open-source AI to remain competitive in the global tech industry. In a joint statement, the two leaders emphasize that open-source AI, which permits developers to access and modify AI models freely, is essential for fostering innovation and economic…
Onchain Highlights DEFINITION:Ā The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds. Exchange addresses and addresses receiving from coinbase transactions (miner addresses) are discarded. To account for lost coins, addresses that were last active more than 7 years ago are…
The Federal Reserve is on the brink of slashing interest rates, but the big question is how deep will the cut be?Ā Earlier today, Jerome Powell pretty much confirmed that a cut is coming. Now, the marketās all-in on figuring out just how much of a cut weāre talking about.Ā Most people are betting on…
A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future,…
Legendary cryptocurrency analyst il Capo of Crypto offered his followers his new views in light of the latest developments in the market. Bitcoin price jumped today as the possibility of a rate cut increased following dovish speeches by Jerome Powell. Speaking after the rise experienced on the BTC side, the analyst explained that the first…
This year, Turkey has introduced extensive regulations concerning the cryptocurrency sector, now officially codified in the Official Gazette. These rules mandate that cryptocurrency companies aiming to serve Turkish citizens must comply with application processes and meet stringent criteria. Both domestically-based firms and those meeting numerous collateral conditions are now permitted to operate within Turkeyās borders….
The recent 35% surge in Popcatās price following its Binance listing has the crypto world buzzing with speculation about which project might be next. Among the top contenders is MoonBag, a rapidly growing project that has already raised nearly $4 million in its presale. MoonBag has been making headlines with its strategic moves, including a…
August 24, 2024 at 03:45 AM GST updated: August 23, 2024 at 07:18 PM 2 mins read News Stellar and Ripple supports low transaction costs and processing times using algorithms similar to XRP. Dogecoin, a memecoin with a strong community, offers low transaction fees, making it suitable for payments. 5SCAPE introduces a VR technology that…
š Stay Ahead with AltcoinDaily.co! š As the cryptocurrency market continues to evolve, investors are constantly on the lookout for altcoins with the potential for exponential growth. This analysis explores five cryptocurrencies that have caught the attention of investors for their unique features, market performance, and potential for significant returns: Pawfury, Shiba Inu (SHIB), Ripple…
Prometheum has managed to piss off just about everyone in the crypto community. Itās not the fact that they existāitās how theyāre playing the game.Ā While most crypto companies are struggling to keep their heads above water amidst tightening regulations, Prometheum seems to be getting cozy with regulators, ruffling feathers left and right. The companyās…
A crypto analyst is predicting a massive price breakout for the XRP price, the native token of the XRP Ledger (XRPL). Despite XRPās sluggish price performance, the analyst believes that this cryptocurrency could soar as high as 42,263%, potentially hitting an ambitious price target of $280 this bullish cycle.Ā Roadmap To XRPās $280 Price Increase…
SOL has been trading sideways lately after being one of the yearās most volatile cryptos Worth looking at if and how the Solana networkās slowdown contributed to SOLās current situation Solanaās native cryptocurrency SOL has been one of the most active coins in terms of volatility and demand this year. However, volatility has all but…
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…
RFKās views left an impression on the crypto world, and his campaign was well-publicized. The pairing of the two leading candidates might cause some trouble for Kamala Harris. In a court filing, Robert F. Kennedy (RFK) Jr., a politician who has been vocal in his support for Bitcoin and who ran for president before, confirmed…
This weekās Crypto Biz examines recent acquisitions in the crypto industry, Tetherās plans for a dirham stablecoin, and Polychainās investment in the Bitcoin protocol Corn. Source link
Indian cryptocurrency exchange WazirX has announced that customers will be able to withdraw their Indian Rupee balances starting from August 26. The WazirX team noted in its announcement on Aug. 23 that customers would not yet be able to access their cryptocurrency balances for withdrawal. This update follows the exchangeās halting of all withdrawals following…
The legal pressure of the leading crypto exchange, Kraken, appears to be mounting as a US judge has denied its appeal to dismiss the SEC lawsuit. According to the latest court filing, US District Judge William H. Orrick has dismissed the exchangeās motion, ordering the exchange to answer the ācomplaintā within 20 days of the…
FOMO HOUR 185 – KAMALA ‘SUPPORTS’ CRYPTO? BTC ETFs: +$40m, ETH ETFs: -$18m. BTC breaks channel, ripe for āshort squeezeā. BTC OI rises $1.3bn post Fed minutes. Kamala āsupports crypto policiesā says advisor. Vitalik ābull postsā ETH. Story Protocol raises $80m for L1. WazirX halts open orders after problems with Rupee. Coinbase & Ripple lead…
Prometheum has managed to piss off just about everyone in the crypto community. It’s not the fact that they existāit’s how they’re playing the game.Ā While most crypto companies are struggling to keep their heads above water amidst tightening regulations, Prometheum seems to be getting cozy with regulators, ruffling feathers left and right. The companyās…
The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment…
As the cryptocurrency market continues to evolve, investors are constantly on the lookout for altcoins that offer the potential for high returns. In this analysis, we’ll explore five cryptocurrencies that have caught the attention of both seasoned and novice investors: Pawfury (PAW), Solana (SOL), Kaspa (KAS) Dogecoin (DOGE), Shiba Inu (SHIB), and Polkadot (DOT). Each…
As September approaches, investors brace for market movements, guided by recent statements from Fed Chairman Powell confirming an interest rate cut. Although the Federal Reserve has not provided a detailed plan on the pace of future rate reductions, the decision will rely heavily on upcoming economic data. Historically, September has seen an uptick in market…
Singapore, Singapore, August 24th, 2024, Chainwire LBank, a leading cryptocurrency exchange, made a significant impression at Coinfest Asia 2024 by distributing hundreds of exclusive merchandise items to enthusiastic participants. The assortment of LBank-branded t-shirts, caps, power banks, and portable fans quickly became some of the most popular giveaways at the event, sparking excitement among attendees…
August 24, 2024 at 04:00 AM GST updated: August 24, 2024 at 01:28 AM 2 mins read News With 94% of its tokens locked, Saga (SAGA) may experience increased selling pressure as these tokens are gradually released into circulation. Over 60% of Xaiās (XAI) tokens are locked, held mainly by the team and investors, suggesting…
The crypto world is abuzz with excitement as Binance continues its meme coin listing spree. Brett, Popcat, and Dogs have experienced explosive price surges. Now, all eyes are on MoonBag, the latest project to capture the communityās attention. Recently, MoonBag announced a major CEX listing, but the exchange name was conspicuously absent. It fueled intense…
As the cryptocurrency market continues to evolve, investors are constantly on the lookout for altcoins with the potential for exponential growth. This analysis explores five cryptocurrencies that have caught the attention of investors for their unique features, market performance, and potential for significant returns: Pawfury, Shiba Inu (SHIB), Ripple (XRP), Tron (TRX), Aptos (APT), and…
The crypto community has been abuzz with news of a significant move by an Ethereum (ETH) whale. This whale, known for making strategic and profitable investments, has gone all in on a new and promising cryptocurrency: Mpeppe (MPEPE), currently priced at just 0.001777. Why Is This ETH Whale Betting Big on Mpeppe? This move has…
Harris aide believes the VPās crypto-policies will support emerging technologies Execs like Coinbaseās Chief Policy Officer reacted positively to this outreach effort The Democrats, led by President Biden and now, Vice President Kamala Harris, have for long been on the back foot as far as crypto-policies are concerned. In fact, thanks to Former President Donald…
Contents FLOKI, WIF meme coins hit by market apathy Tron (TRX) meme coin mania steals SHIB, WIF, DOGE’s thunder Mid-cap meme cryptocurrencies Floki (FLOKI) and Dogwifhat (WIF) are on the list of the worst performing cryptos in the top 100 today. Besides general uncertainty, the largest meme coins are losing liquidity thanks to the growing…
Berlin, Germany, August 23rd, 2024, Chainwire Pepe Unchained (PEPU), a new meme coin project, has raised over $10 million during its presale event. The project, which is developing a Layer-2 solution on the Ethereum blockchain, has reported significant funding and community interest by promising faster transactions, reduced fees, and staking rewards. Pepe Unchained Passes $10M…
The US Federal Reserve is expected to begin lowering its benchmark interest rate in September. Source link
Polygon is on track for a major rally, with potential gains of 145% by year-end. Despite short-term challenges, key support levels and bullish indicators suggest that this could be a strong investment opportunity. Support and resistance levels Polygon (MATIC) is currently trading above an important range, defined by two support levels: $0.33 and $0.50. The…
Cardano founder Charles Hoskinson has endorsed an alliance between Robert F. Kennedy Jr. and Donald Trump in the upcoming U.S. Presidential election. Hoskinson shared his thoughts on RFK Jr.ās recent speech, praising it for addressing what he described as ādeep, uncomfortable truthsā about the state of American democracy and the influence of corporate interests. Cardano…
The broader cryptocurrency market has shown a solid recovery this week, reflected by a 4% increase in capitalization. This rebound has led crypto whales to accumulate various altcoins, signaling their intent to capitalize on potential gains as market conditions improve. MATIC has captured significant whale attention this week as token holders gear up for the…
The specific medium of virtual reality (VR) has promise in helping patients suffering from mental illness, research shows, and companies are already pushing into the frontier. According to a recent report published by Nature Review, immersive environments offered by VR, coupled with artificial intelligence, can help deal with feelings of anxiety, psychotic symptoms, post-traumatic stress,…
It’s been a month since spot Ethereum ETFs launched in the U.S., and let’s just say things haven’t gone exactly as planned. Investors, it seems, arenāt as pumped as everyone hoped they would be.Ā The nine ETFs that hold Ethereum directly have been experiencing outflows for six straight days. Since their launch, these funds have…
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks…
Federal Reserve chairman Jerome Powell promised to start cutting interest rates during his speech at the annual 2024 Jackson Hole Economic Symposium on Friday. This will mark the central bankās first rate cut since 2020, and is already proving bullish for Bitcoinās price. The Fed Pivot Is Confirmed āThe time has come for policy to…
As the cryptocurrency market shows signs of an impending bull run, savvy investors are positioning themselves for potential high returns. This analysis explores six cryptocurrencies that stand out for their unique features, recent developments, and growth potential: Pawfury (PAW), Cardano (ADA), Ethereum (ETH), Avalanche (AVAX), Shiba Inu (SHIB), and Kaspa (KAS). From emerging stars to…
Bitcoin maintains its position above $63,600, and if this trend continues, it might signal the end of the stagnant movements in altcoins. This shift could pave the way for investors aiming for gains exceeding 50%. The key question is: what levels can four popular cryptocurrencies reach in the coming month and what can investors expect?…
Raoul Pal criticizes Cardano and XRP for losing their innovative edge, advising investors to avoid them. XRP and ADA have struggled in the market, with both facing significant resistance and declining in value. Raoul Pal, a prominent economist, recently voiced concerns over the future of two major altcoins, Cardano (ADA) and Rippleās XRP. In a…
August 24, 2024 at 02:00 AM GST updated: August 23, 2024 at 11:51 AM 3 mins read Press Release As cryptocurrency evolves, investors aim to optimize their portfolios by following proven trading strategies. Notable options include ETFSwap (ETFS), Cardano (ADA), and Maker (MKR). Each token provides unique features and investment opportunities, addressing the varying needs…
š Stay Ahead with AltcoinDaily.co! š In the dynamic world of cryptocurrency, the movements of Bitcoin whales ā individuals or entities holding large amounts of Bitcoin ā often signal important market trends. Recently, thereās been notable interest from these whales in several altcoins: Solana (SOL), Dogecoin (DOGE), Aptos (APT), Kaspa (KAS), TRON (TRX) and Pawfury….
The Federal Reserve is on the brink of slashing interest rates, but the big question is how deep will the cut be?Ā Earlier today, Jerome Powell pretty much confirmed that a cut is coming. Now, the marketās all-in on figuring out just how much of a cut weāre talking about.Ā Most people are betting on…
The memecoin frenzy has reached the Tron Network after the launch of Pump.funās rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platformās remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result,…
XMRās trading volume surged by 30% on daily charts as prices rose by 11.7%. Monero seems to come back from legal woes as analysts eye a 176% rally. Over the last few months, Monero [XMR] has experienced considerable challenges. Throughout the year, XMR has struggled to report sustained gains over regulatory issues. Following this, XMR…
Grayscale, a leading cryptocurrency asset manager, announced on August 22, 2024 that it launched a new investment product called the Grayscale Avalanche Trust. Ā This trust invests in the AVAX token, which is the native token of the Avalanche blockchain, known for its high-speed and scalable transactions. Ā The introduction of this trust is part …
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…
Jerome Powell said that interest rate reductions are in the works. The marketās expectation is that the Fed will decrease interest rates by 100 bps this year. The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of…