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Crypto.com CEO Expresses Concern over Surging Valuations in Crypto Sector
17.4.2024
Crypto.com CEO Kris Marszalek has raised concerns about the sustainability of the surging valuations in the cryptocurrency sector.
The post Crypto.com CEO Expresses Concern over Surging Valuations in Crypto Sector appeared first on Cryptonews
In the face of market corrections, Raffle Coin’s presale offers a ray of hope to THORChain & Fantom investors
17.4.2024
The cryptocurrency market has endured a brutal few weeks, leaving investors scrambling for stability and growth opportunities. While THORChain and Fantom have witnessed price tumbles, investors of these projects are now looking for alternative investment options that can potentially deliver better...
Ripple’s legal council counters false information on social media
17.4.2024
The legal council of Ripple, Stuart Alderoty, has countered the false information being circulated on social media. He has cleared the air on the issue of a pretrial with the Securities and Exchange Commission slated for the 16th of April, stating that there is no such agenda in the offing....
Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining
17.4.2024
According 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...
Deestream’s stage 2 presale phenomenon: Surpassing 3,500 holders with Bitcoin and Ethereum communities betting big
17.4.2024
DeeStream is currently in its stage 2 presale, which is phenomenal and eye-catching and has attracted investors worldwide. With benefits to users and investors, the decentralized streaming platform is currently gaining an influx of users and investors who are willing to participate in the stage...
Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving
17.4.2024
Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency.
The post Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving appeared first on Cryptonews
Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications
17.4.2024
Pavel 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...
What makes the integration of Sports and Bitcoin a mutual victory?
17.4.2024
Bitcoin, a cryptocurrency independent of the central bank, is currently one of the major players disrupting global financial transactions. The sports sector has recently seemed more willing to use Bitcoin for transactions and sponsorships. This collaboration is a win-win: sports organizations...
Stepn Partners With Adidas to Issue Genesis Sneakers NFTs
17.4.2024
Stepn, 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’...
South Korean Won Overtakes US Dollar as Top Currency in Global Crypto Trading for Q1 2024
17.4.2024
In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative interest in risky crypto assets in South Korea....
BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings
17.4.2024
BIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting financial assets. The core of this system would...
Norway to Target Cryptocurrency Mining Through Data Center Regulation
17.4.2024
Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is...
Peter Schiff Explains Why Gold’s Price Is Rising — Warns Bitcoin Is a ‘Gigantic Bubble’
17.4.2024
Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency...
Trust Wallet Issues Warning About Zero-Day Exploit Targeting iOS Users
16.4.2024
Trust Wallet, a well-known cryptocurrency wallet provider, revealed on April 15 that it had obtained "credible intel" regarding a zero-day exploit with a high potential for harm that was being promoted on the Dark Web to iOS users.
The post Trust Wallet Issues Warning About Zero-Day Exploit...
Skybridge Founder: It Pays to Be Long Bitcoin — BTC Will Be Inflation Hedge and Store of Value as It Scales
16.4.2024
Skybridge Capital founder Anthony Scaramucci firmly believes that bitcoin will be both an inflation hedge and a store of value as the cryptocurrency scales. He emphasized that bitcoin is “still an early stage technical asset that will trade like other risk assets until it exceeds a billion...
Best Crypto to Buy Now April 16 – Celestia, Pepe, Fantom
16.4.2024
With cryptocurrency markets a sea of red on Tuesday, as the market continues to trade heavy amid a cocktail of concerns about Middle Eastern geopolitical tensions and about the falling likelihood of near-term Fed interest rate cuts, investors are turning to smaller and lesser-known altcoins as they...
Core Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving
16.4.2024
With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024. This expansion aims to augment the company’s...
The Altcoin frenzy: A deep dive into the most hyped Altcoins of 2024
16.4.2024
As the bitcoin market evolves, new altcoins arise, capturing the interest and creativity of investors worldwide. In this extensive news piece, we look at the most hyped altcoins of 2024, from the meme-inspired Dogecoin to the innovative SafeMoon, and explain their origins, features, and factors...
Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs
16.4.2024
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25...
After Bitcoin’s halving, will Altcoins be able to weather the storm?
16.4.2024
A standard Bitcoin halving has the same effect on altcoins as it does on Bitcoin’s supply and demand. Fans and investors in cryptocurrencies are interested in the response of altcoins to Bitcoin. In the face of the Bitcoin halving, alternative cryptocurrencies encounter a multitude...