Browsing:Crypto News

The cryptocurrency industry is facing a battle for survival against regulatory measures imposed by the SEC and banking regulators.
10 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
10 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)
10 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
10 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
10 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

10 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
10 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
10 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
10 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

XRP has recently released 1 billion XRP tokens from its escrow accounts.
10 months ago 2 mins read

1 Billion XRP Tokens Unlocked from Escrow Accounts: Should You Be Concerned?

Ripple, the company behind the popular XRP cryptocurrency, has recently released 1 billion XRP tokens from its escrow accounts. This release, valued at approximately $453.7 million USD, is part of a routine process that occurs every month. While such a massive release may raise questions among investors, it is essential to understand why Ripple follows this practice and its implications for the XRP market. Why Does Ripple Release XRP from Escrow Accounts? Ripple employs escrow accounts to bring transparency and predictability to the XRP market. By locking up a substantial portion of its XRP holdings in escrow, the company ensures

Binance crypto exchange has completed its 11th burn round
11 months ago 2 mins read

Binance Burns 2.65 Billion LUNC Tokens in 11th Round, Price Sees 3% Increase

Binance, the world’s leading cryptocurrency exchange, has completed its 11th burn round, destroying a total of 2.65 billion Terra Classic (LUNC) tokens. This latest burn brings the cumulative number of LUNC tokens burned by Binance to over 35.5 billion, with the community’s burn reaching an impressive 68 billion. The burn event has received positive feedback from traders, as the price of LUNC experienced a 3% increase. The burn took place on July 1, when Binance executed a transaction transferring 2.65 billion LUNC tokens to the burn address, effectively reducing the circulating supply. The transaction also incurred a transaction fee of

Vitalik Buterin Reveals Caution in Staking Ethereum (ETH) Holdings Due to Security Concerns
11 months ago 1 min read

Vitalik Buterin Cautious About Staking Large Portion of Ethereum Holdings Due to Infrastructure Concerns

In a recent interview with the Bankless Podcast, Ethereum founder Vitalik Buterin revealed his hesitancy to stake a significant portion of his Ethereum (ETH) holdings. He cited concerns about the current infrastructure surrounding staking services and emphasized the importance of security in making such decisions. His comments have sparked discussions within the crypto community, with Cardano creator Charles Hoskinson expressing surprise at Buterin’s stance. Additionally, Buterin shared his thoughts on the US regulatory approach to cryptocurrencies and expressed empathy for projects facing regulatory challenges. Buterin explained that he prefers to stake only a small portion of his ETH holdings due

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