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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...
Solana Co-Founder Anatoly Yakovenko Thinks Crypto Has a Shot at Disrupting the App Store Duopoly
12.3.2024
Anatoly Yakovenko, co-founder of Solana Labs, believes that crypto can have a shot at disrupting Google’s and Apple’s app store duopoly. He criticized the state of the software distribution on mobile devices, lamenting that the two stores collected over 30% of all earnings just...
Bitcoin’s Record High Above $72K Signals Strong Crypto Market Rebound
12.3.2024
Bitcoin hit an all-time high on Monday, contributing to the rapid rebound of the cryptocurrency market. The largest crypto by market cap surged to as much as $72,710.
The post Bitcoin’s Record High Above $72K Signals Strong Crypto Market Rebound appeared first on Cryptonews
JPMorgan CEO Jamie Dimon Says He ‘Won’t Personally Ever’ Buy Bitcoin
12.3.2024
The chief executive of JPMorgan Chase, Jamie Dimon, has doubled down on his anti-crypto stance, declaring that he will never personally buy bitcoin. His investment bank, however, is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal...
Donald Trump Calls BTC ‘an Additional Form of Currency’ — Says ‘I Sometimes Will Let People Pay Through Bitcoin’
12.3.2024
Former U.S. President Donald Trump says bitcoin is an “additional form of currency,” emphasizing that the crypto has taken on a life of its own. He also lets people pay for his merchandise with cryptocurrencies. “There has been a lot of use of that, and I’m not sure that...
UK Watchdog Says It Will Not Object to Crypto ETN Listing Requests
12.3.2024
The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch crypto-backed exchange-traded notes. The exchange-traded notes will only be made available to professional investors such as regulated investment firms. ETNs...
Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn
11.3.2024
A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the Arbitrum treasury, criticized the move, stating...
Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race
11.3.2024
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency...
From RBN to FLOKI: This Week’s Crypto Winners and Losers
11.3.2024
While bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day. Crypto Economy Swells to $2.72 Trillion...