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Showing posts with the label cryptocurrency news

Best Crypto to Buy Now February 4 – Render, Huobi Token, Mina 

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‘ Best crypto to buy now ’ is one of the most searched cryptocurrency-related terms in Google, and each day InsideBitcoins lists some options. The altcoin market has witnessed impressive growth, marked by notable surges. This Analysis captures some of these assets that have recently caught the attention of investors, each exhibiting unique Features and growth potential. Best Crypto to Buy Now Render leads the way with an impressive 17.32% increase in the past week. Additionally, Myro has gained substantial attention in the crypto space, surging over 796% in three months. Similarly, Huobi Token (HT) is on an upward trajectory, trading above its 200-day Simple Moving Average. 1. Render (RNDR)   Render, a decentralized GPU rendering network built on the Ethereum blockchain, has witnessed a notable surge in its token price. The token currently trades at $4.96, with a 2.07% increase. This growth can be attributed to Meta’s robust revenue report, revealing a 25% ...

Top Trending Crypto Coins on DEXTools – SmarDex Token, Pangolin, Neural Radiance

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The  trending cryptos on DEXTools  reflect the latest advancements and prospects. While top gainers are recording high percentages, losers have yet to experience significant losses compared to previous market downturns. New tokens and established cryptocurrencies are featured on DEXTools, marking profits and demonstrating potential. The crypto market offers a wealth of opportunities for investors, and exploring the top trending crypto assets on DEXTools today provides insight into these opportunities. Top Trending Crypto Coins on DEXTools A recent survey by Bitget has revealed investors’ positive expectations for the upcoming  Bitcoin (BTC) halving  event set for April 2024. According to the survey, most respondents believe Bitcoin will exceed its all-time high (ATH) of $69,000 in the next bull run. In addition, the study presents various forecasts for Bitcoin’s price during the halving and offers insights into investment intentions across different re...

DeSpread Allies with Astar

DeSpread allies with Astar to facilitate Global Adoptions of Web3 strategic partnership to propel the Web3 Wave Across the world. DeSpread and Astar Team Up to Promote Astar Network in Korea Astar and DeSpread have joined forces to promote the Astar Network in Korea and help connect diverse local cryptocurrency markets in their bid for global mass adoption. As part of this collaboration, Earl Cho, DeSpread’s Head of Japanese Business, will participate in the Astar Agent Program. This move is expected to improve communication and collaboration between Astar and DeSpread. Leveraging its extensive experience and robust connections in the Korean market, DeSpread is committed to actively onboarding partners to Astar network, thereby facilitating the expansion of Korean web3 companies into Japan. “2024 will be the year when blockchain and Web3 enter the mainstream industries and achieve widespread adoption worldwide. Based on the prominent market share of the Web 3 adoption in the...

Pyth Network Price Prediction: Top Trending PYTH Plunges 5% As Investors Rush To Buy This AI Presale With Less Than Two Days Left

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The Pyth Network price dropped 5% over the past 24 hours to trade at $0.397 as of 8:50 am EST. The Pyth Network Price At Risk Of Further Downside 4-hour chart for PYTH/USDT (Source: TradingView ) The Pyth Network price may drop below the immediate support level at $0.3820 in the next 24 hours as a bearish rising wedge pattern has emerged on the altcoin’s 4-hour chart. Should this pattern be validated, PYTH may be at risk of falling below $0.3820 and dropping to the subsequent support level at $0.3140 in the following few hours. Continued selling pressure could then lead to the Pyth Network price plummeting to as low as $0.2580 in the short term. This bearish thesis could be invalidated if PYTH is able to close a 4-hour candle above the upper boundary of the rising wedge chart pattern, which is positioned slightly above the major resistance level at $0.4385. A sustained close above this level could then give the Pyth Network price the foundation needed to overcome the $0.5...

Could Bitcoin Minetrix’s Stake-to-Mine Mechanism Yield a 10x Growth? Crypto Boy Presale Review

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Crypto Boy reviews Bitcoin Minetrix‘s presale, highlighting its emergence as a leading option for individuals aiming to establish passive income through long-term crypto investment. Securing over $8.8 million in funding, investors are actively participating in the presale, aiming to secure tokens at a discounted rate of $0.0129 and anticipating benefits from a lower cost than the projected listing price on exchanges. Investors see Bitcoin Minetrix as a leading Bitcoin alternative Bitcoin Minetrix represents a significant advancement in Bitcoin mining, extending its accessibility to a broader audience through cloud-based technology. It alleviates the challenges associated with traditional Bitcoin mining, characterized by expensive hardware and electricity costs. In essence, Bitcoin Minetrix offers users the opportunity to stake their BTCMTX tokens, earning mining credits that can be utilized to lease remote BTC mining machines. This entire process is seamlessly managed through...

Jack Dorsey’s company, Block, launches Bitkey Bitcoin hardware wallet

Block, led by Jack Dorsey, introduces Bitkey, a $150 Bitcoin hardware wallet. The wallet is currently available for pre-order in over 95 countries including US, UK, Nigeria, and India. Customers won’t receive their hardware devices until 2024. In a groundbreaking move, Block, spearheaded by former Twitter CEO Jack Dorsey , has unveiled Bitkey, a secure and user-friendly Bitcoin hardware wallet . Priced at $150, Bitkey is available for pre-order in over 95 countries, marking a significant stride in global accessibility. This strategic move aligns with Dorsey’s steadfast commitment to advocating for Bitcoin and its transformative potential in digital transactions. We’re excited to announce people in 95+ countries can now pre-order Bitkey! Bitkey is the self-custody bitcoin wallet with an app to send on the go, hardware to protect your savings, and recovery tools in case you lose your phone, or hardware, or both. https://t.co/OR60vH6InG pic...

New Binance CEO Takes On Jamie Dimon After JPMorgan Chief Says Government Should Shutter Crypto Industry

New Binance CEO Richard Teng challenged Jamie Dimon to consider ”facts” after the JPMorgan CEO said he would close down crypto if he was in government. “Perspective is crucial when addressing illicit financial activities,” Teng said in a tweet on X, referring to Analysis by Dr Andrzei Gwizdalki. “Let’s look at the facts. Traditional fiat, like the USD, is implicated in an estimated $3.2 trillion in illegal activities annually – over 100 times the $20bn linked to cryptocurrencies.” You have seen bankers advocating shutting down crypto industry because of illicit activities. But let’s look at facts. Loved this Analysis from Dr Andrzei Gwizdalki who complied data from UN, WEF and Crypto Analysis . As Dr Gwizdalki states “Perspectives is crucial when addressing… — Richard Teng (@_RichardTeng) December 7, 2023 Jamie Dimon Says Crypto Only Good For ”Criminal Activities” Teng came to crypto’s de...

Inflows into crypto investment products hit 9-week high of $346M

Crypto investment products hit 9-week high of inflows. Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products. Ethereum saw $34 million of inflows amid a turnaround in sentiment. Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares. The report highlights last week’s inflows into crypto exchange-traded products as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted.  According to the Analysis , crypto products are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US. Bitcoin ETPs record $312 million in inflows As total crypto ETPs inflows hit $346 million, the...

Sam Bankman-Fried Goes From Trading Crypto To Trading Fish In Prison

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FTX founder Sam Bankman-Fried has adapted to the economic realities of life in prison fairly quickly and is now trading fish instead of crypto. That’s according to a Wall Street Journal story that quotes prison consultant Bill Baroni as saying Bankman-Fried paid four ”macks,” as mackerel are known in prison parlance, for a recent haircut at the Brooklyn Metropolitan Detention Center. “The mack currency system is far more stable than crypto,” Baroni said, though the story added that inflationary pressures have pushed up the price of a pouch of mackerel filets by 30% to $1.30 via the Brooklyn jail’s commissary since 2020. Macks took over from cigarettes as the preferred medium of exchange when cigarettes were banned in federal prisons in 2004, the WSJ said. FTX founder Sam Bankman-Fried, who was convicted of fraud and is cooling his heels at a Brooklyn detention center, has traded in crypto for a new currency: mackerel https://t.co/MYedH4A7dV pic.t...

Binance Counter-Terrorism Official Becomes Latest Top Executive To Leave Troubled Crypto Exchange

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A senior Binance counter-terrorism official has become the latest top official to leave the world’s biggest cryptocurrency exchange, her LinkedIn profile revealed. Jennifer Hicks left her role at Binance this month after working at the company for nearly two years. She previously worked as an investigative specialist at Chainalysis and the U.S. Navy.     Binance Facing Almost Perfect Storm Hicks is the latest in a growing list of people that have left the exchange as an exodus of staff globally from the firm has picked up pace in recent months. Binance.US has also cut its workforce by a third this year. It’s facing regulatory scrutiny across the world, most notably in the US. The SEC filed a lawsuit against it in June, alleging that it violated securities laws, while in March the US Commodity Futures Trading Commission charged Binance and CEO Changpeng Zhao with ”willful evasion of federal law.” Court filings unsealed since have accused Binance...

SEC Postpones Decisions On Hashdex Spot Bitcoin ETF And Grayscale Ether Futures ETF Applications

The US Securities and Exchange Commission (SEC) has postponed its decision on Hashdex’s spot Bitcoin exchange-traded fund (ETF) and Grayscale’s Ethereum futures ETF filings. The securities regulator had an initial deadline of November 17 to make a decision on the two applications. It has now added a 45-day window, with the next decision deadline for both set for January 1, 2024. SEC Delays Hashdex’s “Unique” Spot Bitcoin ETF The Hashdex spot BTC ETF application was delayed despite the asset manager taking a unique approach. Breaking: NYSE files a modification to another ETF, to be now called the Hashdex Bitcoin ETF Their application is unique in that it will not use Coinbase, they will use prices and acquire spot BTC via CME. It will hold a mixture of spot & futures positions Hard to reject imo pic.twitter.com/K1ABKKZX5o — Alistair Milne (@alistairmilne) August 25, 2023 Unlike other recent filings, Hashdex will acquire spot BTC from phy...

SEC Says Binance Arguments To Dismiss Lawsuit Are ”Absurd,” Have No Basis In Law

The Securities and Exchange Commission (SEC) said arguments made by Binance to dismiss its lawsuit are ”absurd” and have no basis in law. The SEC is pushing back against an attempt by Binance to dismiss the lawsuit, saying the exchange has a “tortured interpretation of the law” in a recent filing. It added that a ruling to dismiss the lawsuit would “dismantle decades of foundational precedent upon which the nation’s securities laws operate.” The SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao in June. The charges include operating an unregistered exchange and offering unregistered securities: BNB and BUSD. Binance later filed a motion to dismiss the lawsuit, accusing the SEC of regulatory overreach. The exchange blamed the SEC for a lack of clear crypto regulations, misinterpreting securities laws, and applying them to crypto. 🤷‍♂️ Binance v. SEC: Paradigm Files Amicus Brief, Accuses SEC Of Regulato...

Bitcoin Price Prediction: As Michael Saylor Says BTC Will 10X, This Bitcoin Alternative Might Be Poised To 20X

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The Bitcoin price is trading with a bullish bias, despite the 3% value drop over the last day to the current price of $34,384 as of Friday at 1:16 AM EST. Trading volume has also reduced as the weekend approaches, down 20% over the last day. But the lapse has nothing to dissuade BTC diehards like Michael Saylor from seeing a rosy future for the king of cryptocurrencies. He said yesterday that he still anticipates 10X growth potential for BTC while other experts are also looking at BTCMTX, a promising alternative set to premiere on exchanges soon. The founder and executive chairman of MicroStrategy says the imminent exit of “crypto cowboys” such as Sam Bankman-Fried (SBF) from the crypto scene is among the expected drivers that could catapult BTC to 10X its current price. The Bitcoin halving in April and the likely approval of spot Bitcoin ETFs are among other key factors behind his optimism. MicroStrategy added up to 155 BTC worth around $5.3 million to its portfolio l...

Uzbekistan Issues New License, Signalling Increased Crypto Adoption in the Region

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Join Our Telegram channel to stay up to date on breaking news coverage The former Minister of Foreign Affairs of Uzbekistan tweeted that the National Agency for Perspective Projects (NAPP) of the Republic of Uzbekistan has issued a new regulatory license to ramp up crypto-related activities in the country. The National Agency for Promising Projects of the Republic of Uzbekistan has issued licenses for the activities of the crypto store LLC "Paynet Crypto" – a subsidiary of LLC "Uzpaynet" and LLC "C-Base" (owner – Alikulov Alisher Zholbolduevich) pic.twitter.com/Iqw2rEB3oT — Vladimir Norov (@VladimirNorov) August 10, 2023 The recipient of the latest license is LLP Payment Crypto, a subsidiary of UZPAYNET LLC, and the company responsible for the Paynet Payment system. With this announcement, Uzbekistan has given voice to its desire to increase the crypto adoption rate in the region and create a crypto-friendly environment that aligns with the co...