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Market Update: Ethereum and Solana Excel; Rabel Satoshi Sees Surging Interest
16.12.2023
TLDR Ethereum surges 12% as investors flock to the market due to whale activity. Solana gains 19% in a week, but experts believe a downward correction is due soon. Investors focus on Rebel Satoshi to get the promised presale returns. The crypto market is holding a green candle after starting...
Best Crypto to Buy Now December 14 – BONK, Injective, Helium
14.12.2023
BONK, Injective, and Helium notch impressive gains, but does this make them the best crypto to buy now? Image by cryptonews.com. After consolidating for the past few days, BONK is making a renewed push following its Coinbase debut, sparking speculation on whether the meme coin could be one of...
Bitcoin gains as Fed hints at potential rate reduction
14.12.2023
Bitcoin has crossed the 42k-dollar market after the US Federal Reserve decided to maintain the interest rate at 5.5%. The call was interesting, given that the job market and growth rate have slowed down. The Fed noted that inflation has eased despite exceeding its 2% target. Experts suspect these...
Yearn.finance Ask Traders to Return Gains Following $1.4 Million Multisig Error- What’s Going On?
14.12.2023
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor...
Crypto Regulation News Weekly Digest: Anti-Money Laundering Support Gains Momentum in US Congress and India Takes Cautious Regulatory Approach
13.12.2023
US lawmakers push for stricter crypto regulation while India reiterated its plan for a slow, evolutionary approach to digital asset legislation. Image by Kerem Goktug Kaya, DALL-E 3. The past week saw major developments on the crypto regulation front. In the United States, The CFTC Chairman...
Senator Warren’s Bipartisan Push to Combat Crypto Money Laundering Gains Momentum
12.12.2023
Source: Screenshot of video Sen. Elizabeth Warren’s YouTube page Senator Elizabeth Warren (D-Mass.) has announced an increase in support for the bipartisan Digital Asset Anti-Money Laundering Act, which aims to tackle concerns around the use of crypto in illegal activities such as money laundering...
Best Crypto to Buy Now December 11 – Bonk, BitTorrent, Injective
12.12.2023
Bonk, BitTorrent, and Injective surge as the best cryptos to buy now while fresh presales Bitcoin ETF Token and Meme Kombat offer alternatives. Image by cryptonews.com. The cryptocurrency market saw widespread declines with the start of the week. Amid the overall downturn, some cryptocurrencies...
Is It Too Late to Buy Terra? LUNA Price Sees 32% Increase in 30 Days as This Latest Meme Coin Shoots Toward $3 Million
11.12.2023
LUNA price is still in an uptrend as a new meme coin gains interest. Image by naito29, Adobe Stock. As the new week started, the cryptocurrency market entered a phase of volatility and bearish trends. Most major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), are experiencing...
INJ prices up, Helix gains market share: All before Volan upgrade
11.12.2023
Prices of INJ, a native token to the Injective Protocol, were $21.79 at the time of articulating this piece. While it is a drop from the recent high of $23.21, it still marks an interesting event, considering Injective has been experiencing an upward trend for a long time now. Most of it...
AI & EV in Blockchain – eTukTuk Opens an Investment Opportunity to Not Miss Out For 2024
11.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. EV tokens, despite their immense potential, are relatively obscure. Over the last few years, Web3’s focus has derailed toward entertainment and quick gains. But things are changing for...
Bitcoin Price Briefly Drops Below $41,000 Amid Broader Market Correction
11.12.2023
Source: DALL·E Bitcoin price has just dropped below $41,000 briefly, undoing almost a week’s gains before a bounce back. Other major cryptocurrencies including Ethereum, Ripple (XRP), Solana (SOL), and Cardano (ADA) were also down over 5%. According to TradingView, the price of Bitcoin made a sharp...
Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge
10.12.2023
Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days....
Bitcoin Outshines Gold: Digital Asset Surges 166% in 2023, Dwarfing Gold’s Modest 9% Gain
9.12.2023
Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the leading...
Meme Coins Surge in Value, Gaining $6.7 Billion in a Month With BONK, PEPE, and SHIB Leading the Rally
9.12.2023
Meme coins have been on a tear over the past month, increasing by $6.7 billion and 39.18% since Nov. 8. While bonk (BONK) led the pack this past week, rising 153% against the U.S. dollar, several other meme coins like dogecoin, shiba inu, and pepe recorded double-digit gains. Explosive Growth...
Altcoin Surge Outshines Bitcoin’s Modest Gain Amid Anticipation of Potential Altcoin Season
9.12.2023
Bitcoin saw a modest increase of 1.8% in the past 24 hours as of Dec. 9, 2023. Meanwhile, more than 17 crypto assets experienced much larger gains, ranging from 7% to over 35% in the same timeframe. Despite this rise in various altcoins against the U.S. dollar, current trends have yet to signal...
Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains
9.12.2023
Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for cryptocurrencies even if their market value changes during...
Is It Too Late to Buy Optimism? OP Price Gains 25% as a Futuristic Meme Coin Attracts $2.7 Million
8.12.2023
Optimism’s OP price surged 26.80% as Kraken enabled Tether deposits on the network. Image by akif, Adobe Stock. The recent price surge of the native Optimism token OP may be driven by Kraken’s launch of Tether (USDT) deposits and withdrawals on the Optimism network. ???? $USDT...
“Magic: The Gathering” Cards Used in Possible Cashout by Uranium Finance Hacker
8.12.2023
Source: Pixabay A hacker who targeted the Uranium Finance DeFi platform in 2021 may have attempted to launder their stolen crypto gains by using “Magic: The Gathering” trading cards. Pseudonymous blockchain sleuth ZachXBT posted an X thread on Thursday which detailed a series of moves...
Crypto Whales Are Slowly Accumulating a Hidden AI Crypto Gem – Here’s What You Need to Know
8.12.2023
Crypto whales target the AI crypto Launchpad XYZ before it gains mainstream popularity. Image by Kerem Goktug Kaya, DALL-E 3. Cryptocurrency has minted a new class of ultra-wealthy investors who exert major influence over the volatile digital asset markets. Commonly known as “crypto whales,” these...
This Week’s Biggest Gainers and Losers: BONK, ORDI, BTT Lead Triple-Digit Growth in Booming Crypto Market
8.12.2023
In the last week, bitcoin’s value surged by over 14% while ethereum also experienced a notable 13% increase against the U.S. dollar. Alongside these top contenders, a considerable number of other cryptocurrencies have also enjoyed substantial gains throughout the seven-day span. Top Coins...