Browsing:Crypto News

Analyst Anticipates Bullish Confirmation for ADA in the Near Future
9 months ago 2 mins read

Bullish Confirmation for Cardano (ADA) Amid Market Recovery, Crypto Analyst Predicts

In a recent series of tweets, crypto analyst Dan Gambardello shares his optimistic outlook for Cardano (ADA), predicting a potential bullish confirmation in the near future. Gambardello’s technical analysis suggests that ADA’s price could break above a key resistance channel, signaling a positive trend for the altcoin. Gambardello acknowledges the impact of recent SEC lawsuits against major exchanges but emphasizes that ADA has more ground to recover compared to other cryptocurrencies like Bitcoin and Ethereum. He points out that ADA’s recent trading activity shows promising signs, with the altcoin trading above the 20-day moving average (MA) line, a positive indicator.

MATIC Whale Activity Soars by 2,930% as Price Targets Significant Milestone
9 months ago 2 mins read

MATIC Whale Transactions Skyrocket 2,930% as Price Approaches Critical Threshold

Polygon (MATIC), a prominent cryptocurrency, has experienced a substantial increase of 2,930% in its large transaction volume within the past 24 hours, as reported by IntoTheBlock. This surge in large transactions, amounting to $163 million, indicates active participation from institutional investors and whales. As MATIC continues its upward trajectory, approaching a crucial price level, it is worth noting that the Polygon proof-of-stake (PoS) network is set to undergo a significant upgrade called the Inborg Upgrade, aimed at enhancing network stability and finality. According to IntoTheBlock data, Polygon (MATIC) has witnessed an impressive 2,930% surge in its large transaction volume over

BlackRock CEO Larry Fink recently made significant remarks about Bitcoin during his appearance on Fox Business. In a live broadcast, Fink described Bitcoin as "digital gold" and emphasized its potential as an international asset.
9 months ago 1 min read

BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold, Calls for Regulators to Consider Bitcoin ETF

BlackRock CEO Larry Fink recently made significant remarks about Bitcoin during his appearance on Fox Business. In a live broadcast, Fink described Bitcoin as “digital gold” and emphasized its potential as an international asset. He also expressed his desire to hear from regulators regarding the approval of a Bitcoin exchange-traded fund (ETF). This represents a notable shift in Fink’s perspective, considering his previous comments on Bitcoin as a “money laundering index” back in 2017. Fink highlighted Bitcoin’s role as a digital form of gold, explaining its ability to serve as a hedge against inflation and currency devaluation. He pointed out

The cryptocurrency industry is facing a battle for survival against regulatory measures imposed by the SEC and banking regulators.
9 months ago 1 min read

Crypto Industry Fights for Financial Freedom Against SEC Regulation

The cryptocurrency industry is facing a battle for survival against regulatory measures imposed by the SEC and banking regulators. In this modern-day struggle for financial freedom, Coinbase and other crypto firms are invoking the principles laid down by the Constitution’s major questions doctrine to defend against overreach and preserve the vision of decentralization and liberty. The major questions doctrine is a legal principle that holds agencies like the SEC accountable when they overstep their authority and manipulate vague statutes to achieve their ends. The doctrine has been invoked by the Supreme Court in cases involving the FDA’s regulation of cigarettes

crypto analyst Austin Hilton shed light on the Shiba Inu token (SHIB) and its companion tokens
9 months ago 2 mins read

Shibarum Launch: Crypto Analyst Reveals Reasons for Accumulating $BONE Tokens

In a recent YouTube video, crypto analyst Austin Hilton delves into the intricacies of the Shiba Inu ecosystem, shedding light on the Shiba Inu token (SHIB) and its companion tokens, BONE, and LEASH. As anticipation grows for the upcoming Shibarium launch, Hilton shares insights on the project’s potential and explains why he is accumulating BONE tokens. Hilton emphasizes that his analysis is not financial advice and encourages viewers to conduct their own research. Hilton begins by introducing the Shiba Inu project, inspired by the popular Shiba Inu dog meme, and positioned as a competitor to Dogecoin. Built on the Ethereum

Verge (XVG)
9 months ago 1 min read

Verge (XVG) Price Soars by Almost 300%: What’s Behind the Meteoric Rise?

Verge (XVG), the privacy-focused cryptocurrency, has experienced a remarkable surge of nearly 300% in value over the past week. With a trading volume of $489 million within 24 hours and a market capitalization of $96 million, this long-standing altcoin has caught the attention of the global crypto community. Originally introduced in 2014, Verge gained significant popularity during the bullish market of 2017, largely driven by the widespread interest in Bitcoin. The cryptocurrency stands out by offering a fast, efficient, and privacy-oriented blockchain for conducting transactions. Market observers have begun referring to this recent phenomenon as the “dino coin renaissance,” suggesting

Over $90 Million Worth of ETH Withdrawn from Binance, On-Chain Analysis Shows
9 months ago 1 min read

Ethereum Whale Moves $90 Million from Binance in a Month, Reveals On-Chain Data

An Ethereum (ETH) whale has recently caught the attention of crypto enthusiasts as it withdrew a staggering amount of ETH from the popular exchange Binance. Over the course of a month, the whale moved more than $91 million worth of the leading altcoin, according to blockchain tracking firm Lookonchain. Lookonchain’s data reveals that the Ethereum whale withdrew a total of 50,100 ETH, equivalent to $91.2 million, from Binance starting from June 8th. Interestingly, the whale has also engaged in staking, with a stake of 34,560 ETH, valued at approximately $65 million. In addition to the ETH withdrawals, Lookonchain also observed

TRON Network Hits 170 Million Active Addresses
9 months ago 1 min read

TRON Network Hits 170 Million Active Addresses, Demonstrating Growing Adoption

Tron (TRX), the popular blockchain platform, has achieved a significant milestone by surpassing 170 million active addresses on its network. This achievement reflects the growing adoption and global reach of the TRX blockchain. The news was shared by the official TRX Twitter account, highlighting the positive outlook for the future of the platform. In addition to the increasing number of active addresses, Tron has also emerged as the leader in terms of daily active users. According to data from Token Terminal, TRX recorded more than 2 million daily active addresses, securing its position at the top of the list. BNB

9 months ago 1 min read

Dogecoin Creator Billy Markus Mocks Airdrop Farmers in Hilarious Twitter Banter

Cryptocurrency enthusiasts always keep an eye out for airdrop opportunities, where projects distribute free tokens to wallet holders as part of promotions or initial coin offerings. However, Billy Markus, the co-founder of Dogecoin, recently made a lighthearted remark that caught the attention of the crypto community. In a playful tweet, Markus jokingly announced that “everyone in the world will be airdropped 9 billion dollars on Wednesday,” poking fun at the growing frenzy around airdrop farming. Airdrop farming has become a popular term in the crypto industry, with investors seeking ways to acquire tokens without taking on significant risks. The strategy

Bitcoin's Monthly MACD Shifts to Green
9 months ago 2 mins read

Bullish Sign: Bitcoin’s Monthly MACD Indicates Start of Bull Market

In 2023, Bitcoin (BTC) made a stunning comeback, recovering impressively from the turbulence it faced in the previous year. A combination of factors, including improving macroeconomic conditions, rising concerns about inflation, and a shift towards more moderate interest rate hikes, boosted Bitcoin’s price and reaffirmed its resilience and appeal as a digital asset. On July 3, an essential technical indicator, the Moving Average Convergence Divergence (MACD), turned green on Bitcoin‘s monthly chart, indicating the potential beginning of a bull market for the world’s leading cryptocurrency. Understanding the MACD and Its Significance for Investors The MACD is composed of two lines:

Poly Network hacked again
9 months ago 1 min read

Poly Network Hack: A Breakdown of the Attack and the Response from the Crypto Community

Poly Network, a cross-chain bridge platform, was recently hacked, resulting in the manipulation of a smart contract function. The attack allowed hackers to issue billions of tokens across multiple blockchains, including Ethereum, BNB Chain, Polygon, and more. Attack Details The exploit was carried out by manipulating a smart contract vulnerability that allowed the hacker to craft a malicious parameter, bypassing the verification process. This enabled the hacker to issue tokens from Poly Network’s Ethereum pool to their own addresses on various chains, accumulating a substantial token stash. Affected Assets A total of 57 crypto assets on 10 blockchains were impacted

Pepe Coin has witnessed a surge of 15% within the last 24 hours
9 months ago 1 min read

Pepe Coin Price Rally: Records 15% Gain in 24 Hours

Pepe Coin, a popular meme cryptocurrency, has witnessed a remarkable surge of 15% within the last 24 hours, surpassing the gains of other well-known meme coins like Dogecoin and Shiba Inu. This surge in Pepe Coin’s value comes amidst a broader market shift influenced by major financial institutions filing for spot Bitcoin exchange-traded funds (ETFs), which has generated excitement among investors and positively impacted the overall crypto market. CoinGlass data reveals that a significant $1.78 million worth of Pepe Coin shorts was liquidated in the past 24 hours, out of a total of $2.54 million in liquidations. This indicates a