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Stablecoin Market Expands by $4.46 Billion in 12 Days
12.4.2024
In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid...
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
12.4.2024
As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves...
EMURGO joins hands with Huawei Cloud for Cardano Network expansion
12.4.2024
EMURGO, a business that leads the way in Web3 adoption on the Cardano blockchain, has forged a strategic alliance with Huawei Cloud. By doing this, it hopes to strengthen the Cardano network by installing a Cardano Validator Node on the robust infrastructure of Huawei Cloud. Consequently, further...
Cardano to host two updates in 2024: Chang Hard Fork and Ouroboros Leios
12.4.2024
Charles Hoskinson, the co-founder of Cardano, has said that the blockchain is bringing two major updates this year, which will be in 2024. These are Chang Hard Fork and Ouroboros Leios upgrades. Both serve different purposes but aim to achieve improvement in comparison to what blockchain has at...
US inflation rises, BTC fluctuates, and Asia gears up for Bitcoin ETF
12.4.2024
Three updates have taken the market by storm. First, the US inflation figure is above the expected amount. Second, BTC has started experiencing fluctuations in its value ahead of Halving. Third, Hong Kong is very likely to approve the Spot Bitcoin ETF and become the first Asian country to do...
All AI tokens available for purchase on Crypto.com exchange
12.4.2024
AI or Artificial Intelligence has taken the world by storm. Even the crypto market is not barred from AI’s influence. Crypto.com, one of the biggest crypto exchanges in the market, now also offers several AI tokens for users to buy. According to the Crypto.com review, enthusiasts can choose from...
Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday
12.4.2024
A recent report indicates that spot bitcoin exchange-traded funds (ETFs) are poised to receive approval from Hong Kong regulators as early as this Monday, as stated by “people familiar with the matter.” Harvest, Hashkey and Bosera ETFs Likely to Debut in Hong Kong Next Week Following...
Circle deploys USDC smart contract for BlackRock’s BUIDL Fund
12.4.2024
Circle, a leading fintech company and issuer of the USDC stablecoin has announced the deployment of a specialized smart contract tailored to investors in BlackRock’s BUIDL Fund. This innovative, intelligent contract solution aims to streamline and automate the transfer process for investors...
AltLayer introduces the second stage of ALT staking
12.4.2024
AltLayer introduces the second stage of ALT staking, which will allow the dual staking function for users to stake ALT, along with ETH and LSTs. Dual stakers will come in for rewards from the forthcoming Xterio ecosystem rewards. MACH functions as an AVS, wherein users can allocate ETH and LSTs....
Can more Solana news drive price higher, or will BSC DeFi narrative takeover?
12.4.2024
Solana news on developments and announcements helped the SOL price recover from its death knell in the past. Meanwhile, the momentum rallied by DeFi on Binance Smart Chain projects is so intense that it’s taking over the crypto market. New projects like Octoblock, with hot presales...
Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition
12.4.2024
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023.
The post Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition appeared first on Cryptonews
New cryptocurrency Shiba Inu (SHIB) investors are rapidly adding to their portfolio
12.4.2024
In the dynamic landscape of cryptocurrency investing, one token that has garnered significant attention in recent times is Shiba Inu (SHIB). As new investors enter the market seeking opportunities for exponential growth, many are turning to SHIB as a potential addition to their portfolios. With...
Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain
12.4.2024
The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules...
Shiba Inu join hands with CDSA to resolve AI concerns within Shibarium
12.4.2024
Shiba Inu becomes the first Layer 2 (L2) blockchain network to team up with the CDSA (Content Distribution and Security Association) to improve blockchain technology in terms of content distribution and security. On 11 April 2024, SHIB, the collective of digital solutions and assets based...
Bitz casino announced USDT coin as a new payment method
12.4.2024
Bitz casino, the colossus of the online gambling arena, has just done something so revolutionary that it’s right up there with the wheel’s invention: they’re now accepting USDT (Tether) coin. Yes, in a move that’s sure to have historians reeling for millennia, Bitz enhances...
Coinbase Derivatives releases Bitcoin Cash and Litecoin futures contracts
12.4.2024
Coinbases has added another feather to its cap, becoming the first cryptocurrency exchange approved by the Commodity Futures Trading Commission to provide Bitcoin Cash and Litecoin-powered contracts. The fact that they surpassed investors’ expectations since their inception at the beginning...
Bitcoin Technical Analysis: BTC Traders on Edge as Mixed Signals Keep Market Guessing
12.4.2024
As of April 12, 2024, bitcoin’s price exhibits resilience, trading at $70,748, with oscillators showing mixed signals while moving averages firmly suggest a bullish trend heading into the weekend. Bitcoin The relative strength index (RSI) on the daily scale sits at a neutral 56, indicating...
Bitgert coin’s meteoric rise: Unveiling a 100x gem phenomenon
12.4.2024
Bitgert is attracting quite a lot of attention in the cryptocurrency industry because it focuses on offering practical solutions for cryptocurrency transactions. It has grown so fast that some people think it may surpass its initial status as just another meme coin to become one of the biggest...
Dogecoin moves closer to dethrone XRP
12.4.2024
Dogecoin is in the 8th spot and XRP is in the 6th, with USDC in between on the list of top cryptocurrencies. However, the trend is expected to flip their positions soon. DOGE is climbing the value at a time when XRP has either halted or is bagging a dip. Also working well for DOGE …
FinCEN appreciates Coinbase’s stance against financial crimes
12.4.2024
The Financial Crimes Enforcement Network (FinCEN) gives a thumbs up to Coinbase for its aggressive stance against illegal financial activities and for assisting law enforcement agencies. The message was delivered through a post on X by the Chief Legal Officer of Coinbase, Paul Grewal....