Browsing:Crypto News

Binance Set to Retire Deposit Addresses
10 months ago 1 min read

Binance Announces Retirement of XRP, DOGE, and ADA Deposit Addresses

Binance, the largest cryptocurrency trading platform, has revealed its plans to retire the deposit addresses and memos of several cryptocurrencies. The affected tokens include popular coins such as Bitcoin (BTC), XRP, Dogecoin (DOGE), Avalanche (AVAX), Internet Computer (ICP), Solana (SOL), and Monero (XMR). The retirement of these deposit addresses is scheduled to take place in the third quarter, spanning from July to September. Binance aims to migrate the addresses in batches to ensure a seamless user experience and enhance platform security. The exchange plans to notify impacted users via email, providing guidance on the steps required to migrate their addresses.

Memecoin Trader's $12,000 Investment Soars to $1.05 Million with $PEPE2
10 months ago 1 min read

Memecoin Madness: Trader Turns $12,000 into $1.05 Million with $PEPE2 in Just 10 Days

A memecoin trader has achieved a remarkable feat by transforming an initial investment of $12,000 into a staggering $1.05 million in just ten days. The trader utilized the meme-inspired cryptocurrency Pepe 2.0 ($PEPE2), which experienced significant value appreciation in recent days. This impressive success story has captured the attention of the crypto community and highlights the potential gains, as well as risks, associated with trading memecoins. The trader’s journey began with an investment of $9,000, securing a massive 7.9 trillion units of Pepe 2.0 tokens. As the token’s value continued to rise, the trader made strategic moves, selling 5.2 trillion

Solana (SOL) has surprised the crypto world with a 35% surge in the past three weeks
10 months ago 1 min read

Solana Surges 35% Over Three Weeks: Analysts Puzzled by Remarkable Recovery

Solana (SOL) has surprised the crypto world with a remarkable 35% surge in the past three weeks, leaving analysts and investors puzzled about the reasons behind its impressive performance. According to a recent report by Santiment, a leading crypto market intelligence firm, Solana’s price has experienced a substantial increase over the last few weeks. The token, currently trading at $20, has managed to recover from its recent low of $13.9 on June 10. While the report highlighted factors such as increased social volume on Reddit and potential speculation in Solana’s Non-Fungible Token (NFT) community, analysts at Santiment found these factors

Shiba Inu's governance token BONE has experienced a steady rise in value
10 months ago 1 min read

BONE Token Surges as Shiba Inu Unveils Shibarium Launch Date and Defines Governance Role

Shiba Inu’s governance token BONE, which also serves as the Layer 2 Shibarium gas token, has experienced a steady rise in value since June 10. The token’s price has doubled, achieving 100% gains and reaching highs of $1.16. In the last 24 hours, BONE gained further momentum following key announcements made by Shiba Inu lead Shytoshi Kusama. BONE’s Impressive Performance Amid Market Sell-off: Despite the recent market sell-off and the crypto market being in the red, BONE has continued to outperform other dog-themed tokens. At the time of writing, BONE was up 8.99% in the last 24 hours, trading at

The Enigmatic Figure Behind the 511 Billion SHIB Dump
10 months ago 1 min read

Unraveling the Mystery Behind the 511 Billion SHIB Sold in the Past Week

Crypto broker Voyager has made significant transactions involving Shiba Inu (SHIB) tokens, transferring billions of SHIB over the past week. These transactions have caught the attention of the crypto community, sparking speculation about the motives behind these moves. Meanwhile, the lead developer of Shiba Inu, Shytoshi Nakamoto, has released a blog post hinting at the upcoming launch of Shibarium, the much-anticipated Layer 2 solution. Additionally, SHIB’s involvement in upcoming conferences adds to the excitement surrounding the future of the project. According to Etherscan data, Voyager recently made three transactions within 15 minutes, moving a total of 90 billion SHIB. Over

Cardano (ADA) has faced challenges in the wake of the SEC's scrutiny
10 months ago 2 mins read

Cardano Gears Up for a Summer Breakout: Will ADA Hit $1 Soon?

Cardano (ADA) has faced challenges in the wake of the SEC’s scrutiny, but the token is showing resilience and signs of a potential summer breakout. With ADA’s recent recovery and bullish sentiment among investors, the token’s price chart reveals intriguing patterns, including the Power of Three, which could indicate a trend reversal. If all factors align, Cardano has the potential to surpass the $1 milestone, representing a substantial surge from current levels. Meanwhile, Cardano’s DeFi ecosystem continues to thrive, with impressive growth and TVL (Total Value Locked) in ADA. Despite the setback caused by the SEC’s classification, Cardano has steadily

Shytoshi Kusama
10 months ago 2 mins read

Shiba Inu Core Developer Teases Shibarium Launch Timeline and Reveals Super Bullish Strategy for SHIB

Shytoshi Kusama, the lead developer of Shiba Inu, has offered insights into the upcoming launch of Shibarium, a highly anticipated layer-2 protocol within the Shiba Inu ecosystem. The revelation has sparked excitement and speculation within the community, as enthusiasts eagerly await the launch. In a recent Twitter post by Lucie, the content marketer for Shiba Inu, a conversation in a Telegram group chat was shared, featuring Kusama discussing potential changes to the launch date or plan of Shibarium. Kusama responded confidently, stating that everything is already set and that the date and plan cannot be changed, emphasizing the importance of

Bitcoin bulls experienced a setback as the crypto failed to sustain its push above yearly highs
10 months ago 1 min read

Bitcoin Price Shows Bullish Signs as $30K Buyers Step In

Bitcoin bulls experienced a setback as the cryptocurrency failed to sustain its push above yearly highs, resulting in a drop below the $30,000 mark. Despite the disappointment, traders have not lost hope and remain cautiously optimistic about the overall bullish narrative. The rejection at $31,500 led to a short-term risk-off sentiment among traders. The relative strength index (RSI) values on 4-hour timeframes reset, indicating a potential decrease in volatility over the weekend and a continuation of range-bound price action. However, some traders have noticed solid buyer interest near the overnight lows of around $29,700. This suggests that there are investors

Bitcoin (BTC) experienced a decline below the $30k
10 months ago 2 mins read

Bitcoin Dips Below $30K Amidst Strengthening Fed Rate Hike Speculations Triggered by Blowout ADP Report

Bitcoin (BTC) experienced a decline below the $30,000 mark following the release of a strong U.S. ADP private employment report. The report revealed a surprising addition of 497,000 private-sector jobs in June, surpassing the consensus forecast by a significant margin. As a result, market sentiments shifted towards expectations of a potential rate hike by the Federal Reserve, leading to an increase in Treasury yields. This article explores the impact of the ADP report on Bitcoin’s price and the growing speculations of a Fed rate hike. The ADP report exceeded expectations by showcasing robust growth in the private sector job market.

Anthony Pompliano shared his optimistic outlook on the approval of Bitcoin spot ETFs by the U.S. SEC.
10 months ago 1 min read

SEC’s Approval of Bitcoin Spot ETFs is Inevitable, Says Anthony Pompliano

Venture capitalist, investor, and Bitcoin advocate Anthony Pompliano recently shared his optimistic outlook on the approval of Bitcoin spot exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a conversation with CNBC’s Squawk Box, Pompliano discussed the SEC’s recent remarks labeling certain ETF filings as “inadequate” and shed light on the regulator’s expectations for clarity regarding custodians and surveillance-sharing agreements. While unable to predict the exact timing, Pompliano believes that the spot Bitcoin ETF will eventually gain approval, particularly for players like BlackRock, a significant presence in the financial markets. Pompliano emphasized that the SEC’s concerns about

A Coinbase executive has found and returned lost crypto valued at $322,873
10 months ago 2 mins read

Coinbase Discovers Lost Crypto Valued at $322K and Returns it to Unaware User

In a remarkable act of goodwill, a Coinbase executive has found and returned lost crypto valued at $322,873 to an unsuspecting user who was unaware of its existence. Conor Grogan, Coinbase’s head of product, made the surprising discovery and successfully located the owner of the assets. Grogan shared the news in a tweet, explaining that he had found the substantial sum for a stranger who had previously lost their life savings in a hack. He attached a screenshot displaying the address details and the impressive balance of Ethereum Classic (ETC). The Coinbase exec shed light on how this lost crypto

Analyst Anticipates Bullish Confirmation for ADA in the Near Future
10 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.

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