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USDT expands to Celo: A new era for mobile crypto
12.3.2024
Tether Operations Limited, also known as Tether, the central crypto platform, recently announced the integration of its stablecoin USDT on Celo, a unique blockchain based on a mobile approach accessible via the EVM platform. This shift will significantly impact the Tether and Celo ecosystems...
Grayscale Aims to Launch Mini Bitcoin Trust for Lower Fees and Tax Benefits
12.3.2024
Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential...
Bitcoin Price Breaks Through $70k, Whilst New Cryptocurrency Green Bitcoin Raises $3m
12.3.2024
The bitcoin price has broken through $73,000 in spectacular fashion, spurring on crypto traders to find the best way to gain exposure to the bull run, which is where Green Bitcoin ($GBTC) comes in after raising $3.2 million in presale.
The post Bitcoin Price Breaks Through $70k, Whilst...
Solana: A tale of airdrop controversy and investment enthusiasm
12.3.2024
Solana is depicting the perfect recipe for a cinematic script. Two sides are battling for an outcome for the ecosystem. While one side feels oppressed because of the controversial airdrop, the other side finds itself floating in the sky with a rise in investor interest. What happens in the Solana...
South Korea suggests crypto management system to fight tax fraud
12.3.2024
South Korea is preparing and implementing robust measures to combat tax evasion associated with virtual assets. The National Tax Service of South Korea has designated GTIC for the integrated management system (ISP) of virtual assets in an effort to prevent tax evasion. With big measures being...
Crypto Economy’s Rise Fuels Defi Sector to Surpass $100 Billion TVL
12.3.2024
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by...
Cardano: Potential powerhouse or overhyped promise?
12.3.2024
Cardano is among the top 20 cryptos across the globe in terms of both market capital and 24-hour volume. Its native token, ADA, has gained momentum at 0.91% in the last 24 hours and is testing resistance at $0.7455 at the time of writing this article. Cardano, nevertheless, remains at the center...
MATIC Hits Yearly Peak: Eyes on $10 in 2024!
12.3.2024
Polygon’s utility token MATIC is on a remarkable rise, reaching its highest value compared to the previous year’s period, indicating that the crypto market is sufficiently bullish. As a result, it has placed MATIC in the spotlight of investor’s attention while the wider market...
Tether Launches USDT on Celo Targeting Increased Usability
12.3.2024
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility...
Solana (SOL) whales hedge their gains with new $0.0115 cryptocurrency
12.3.2024
The decision by Solana (SOL) whales to hedge their gains with Option2Trade (O2T) reflects a nuanced understanding of the crypto market’s complexities and the potential of AI-driven platforms to redefine trading and investment strategies. As O2T continues to gain traction, its innovative...
Solana (SOL) rival surges 390%, SOL investors profit in new cryptocurrency
12.3.2024
The cryptocurrency market is renowned for its volatility and the opportunity it offers for significant profits, with new projects frequently emerging to challenge the status quo. One of the latest phenomena to capture the market’s attention is Shiba Budz, a project that has seen an impressive...
ADA targets $1, NEAR surpasses $7, and ETH leads the rally
12.3.2024
The crypto market has undergone dramatic movements recently that have shone a light on Cardano (ADA) and NEAR Protocol (NEAR) as they are riding on the bullish trend; Ethereum (ETH), on the other hand, follows the altcoin market and leads the pack in terms of the overall gains. Looking at...
Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners
12.3.2024
President Joe Biden has reignited the debate surrounding the imposition of a 30% tax on electricity used by cryptocurrency miners in a budget proposal for 2025.
The post Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners appeared first on Cryptonews
Litecoin (LTC) price increased more than 18% within 24 Hours
12.3.2024
Litecoin’s LTC value has witnessed an 18.15% increase in the last 24 hours, currently standing at $99.09. In the previous week, Litecoin LTC token value moved from $89.13 to an increase of 18%. Based on technical analysis charts, the volatility and price movements for LTC over the last 24 hours...
Uncertain future for XRP: Whales, AMMs, and competition
12.3.2024
XRP is in the top 10 global cryptos in terms of market cap and 24-hour volume, with an uptick of 13.86% and 306.94% at the time of writing this article. Ripple’s native token is listed at $0.6889 to test the resistance of $0.6600 successfully. Sustaining the current value for a long time will...
Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks
12.3.2024
Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks.
The post Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks appeared first on Cryptonews
Ethereum soars past $4K: Traders & upgrades fuel bullish outlook
12.3.2024
The cryptocurrency market has experienced a significant rise in short-term holders, especially traders. This implies that there could be a bull market in the making. Another factor accounting for this jump is the increased appetite for meme coins, most of which run on Ethereum as their...
Tim Draper Expects Bitcoin to Transform El Salvador Into One of the Richest Countries in the World
12.3.2024
Tim Draper, a venture capitalist famous for his bitcoin price predictions, has praised El Salvador’s vision of embracing this new technology and talked about the benefits of this decision for its people. According to Draper, bitcoin will make El Salvador one of the richest countries in...
Meme token speculation raises on-chain fees to record highs
12.3.2024
Speculation on meme tokens is escalating dramatically on the cryptocurrency market, influencing on-chain activity and transaction fees. This week, we delve into the performance of meme tokens and their impact on the blockchain ecosystem. Furthermore, how the anticipated Dencun upgrade will assist...
Unlocking financial growth: Build wealth with Solana
12.3.2024
The rising popularity of Solana (SOL) tokens is a testament to the strength of a vibrant developer community, resilience, and innovation in the ever-evolving landscape of blockchain and cryptocurrencies. With Solana’s unparalleled, cost-effective, quick transaction speed, ongoing technological...