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Showing posts from April, 2023

Pepe Coin Overtakes Shiba Inu in Trading Volume: Rise of a New Challenger

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The cryptocurrency market and meme coin realm have a newcomer called Pepe Coin that is now the talk of the town. Within just a few days since its inception, PEPE has provided its early investors with a 2790% ROI, according to CoinMarketCap. The new meme coin takes inspiration from and Features Pepe the Frog. The meme was created by Matt Furie for the internet culture and meme realm. However, the new meme coin has no relation to Furie and is not his initiative. Also read: Shiba Inu (SHIB) Burn Rate Takes a Nose Dive, Only 22 Million Burned Last Week The price of PEPE has shot up so high that it went from a low of $0.00000002764 on April 17, 2023, to an all-time high of $0.000000823, depicting a meteoric rise before falling to its current price. The cryptocurrency realm has heard the stories of some early Shiba Inu and Dogecoin investors turning millionaires. Pepe Coin has also given some of its early investors a hefty bag. In such anticipation, traders are pouring the...

TAMA’s Price Sees 6+% Price Increase Over The Last 24 Hours

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Heading into the weekend, the total crypto market cap took a bit of a knock, according to the crypto market tracking website CoinMarketCap. At press time, the global market cap stands at $1.21 trillion after a 0.36% decrease since yesterday. Consequently, many cryptocurrencies felt the effect of this, but this is not the case for Tamadoge (TAMA). Today, TAMA is one of the few cryptocurrencies trading at the green. Currently the altcoin is trading hands at $0.02698 after a price increase of more than 6% over the last 24 hours. This allowed the crypto to also strengthen against the crypto giants Bitcoin (BTC) and Etherem (ETH) by about 7.34% and 7.88% respectively over this time period. TAMA’s 24-hour performance, albeit successful, was unable to push its weekly performance into the green. At press time, TAMA is down 5.42% over the last seven days. The crypto was, however, able to print a price increase of 0.96% over the last hour alone. Daily chart for TAMA/USDT (Source:...

Arkham Identifies Another GMX Trader with Multiple 50x Short Orders

While many people have been following the trading activities of Andrew Kang, a well-known crypto futures trader on the decentralized exchange GMX, Arkham, a market intelligence firm, thinks that there are other traders on the platform who are also worth watching. On Friday, the crypto intelligence firm released a screenshot identifying the top 10 traders on GMX by volume in the past month. One of these traders, identified as 0xe20, placed multiple short positions yesterday, April 27, with extraordinary leverages between 40 to 50x. gm We've all been watching Andrew Kang trade on GMX, but what about other traders on the platform? Check below for an Arkham Entity containing the Top 10 GMX Traders by volume in the past month. One of these, 0xe20, placed multiple 40-50x leverage shorts yesterday! pic.twitter.com/wZCjSUq0gB — Arkham (@ArkhamIntel) April 28, 2023 This incredibly bold move with the high-risk leverage contract suggests that some traders are betting on...

DigiToads Ascencion Could Challenge Decentralands Metaverse Gaming Dominance

Join Our Telegram channel to stay up to date on breaking news coverage In the ever-evolving world of virtual reality and blockchain-based gaming, two platforms have emerged as contenders for dominance: DigiToads (TOADS) and Decentraland (MANA). With both DeFi crypto tokens offering unique Features that reshape the industry, the competition between these two titans is nothing short of fierce. These two credible crypto projects are revolutionizing the way we think about gaming, combining NFTs and Web3 technology to create immersive and interactive experiences. DigiToads is shaking the status quo with its community-driven content creation and play-to-earn model. At the same time, Decentraland has long been a pioneer in the virtual reality space with its decentralized virtual world and NFT-based virtual land. In this article, we will explore how DigiToads and Decentraland are vying for the spotlight, challenging each other’s Features , and pushing the boundaries of what virtu...

Blur Ranks First Among Top 10 NFT Marketplaces By Trading Volume

Crypto analyst Ben GCrypto took to Twitter to announce the top 10 NFT market place s based on their trading volume for the last 30 days. From the analyst’s list, Blur, OpenSea, and X2Y2 are ranking in the top three positions at $899M, $303M, and $36M, respectively. Top 10 #NFT Market place s by Trading Volumes in last 30 days https://t.co/YNLvDiPryl$BLUR #X2Y2 $IMX $LOOKS $AXS pic.twitter.com/LjjjpVdIZk — Ben GCrypto (@GCryptoBen) April 26, 2023 As seen in the projection of the list, Blur was ranked first with a trading volume of $899 million. At press time, BLUR, which is the native token of Blur, is priced at $0.6361 experiencing a surge of 71.65% trading volume over a day, hitting a one-month high at $0.8329. Second to Blur is OpenSea with a trading volume of $303 million. However, OpenSea has shown a visible drop of 48.2% which is, 262,498 traders in 30 days. The NFT marketplace X2Y2 is valued at 36 million, holding the fort at rank 3. At the time of writing...

Raiffeisen Bank to Offer Clients BTC, XRP and Shiba Inu Investments

The bank aims to facilitate this through a partnership with Bitpanda, an EU trading platform that supports a host of digital assets, including Bitcoin , Shiba Inu , and XRP . RLB NÖ-Wien, a regional bank located in Austria and a member of the Raiffeisen Banking Group, is planning to make history as the first traditional bank within the EU to provide its customers the opportunity to invest in digital currencies such as Bitcoin (BTC), Ripple (XRP), Shiba Inu (SHIB), among others. The regional bank plans to offer its clients the opportunity to invest in Bitcoin , Shiba Inu , and XRP by integrating Bitpanda Technology Solutions, which provides institutions with an Investment-as-a-Service (IaaS) solution. Bitpanda announced the planned partnership in a recent blog release . In an official statement , RLB NÖ-Wien emphasized the significance of the partnership and revealed that it had signed a letter of intent. The bank stated that it is presently scrutinizing the feasibility and part...

Romania to launch national NFT marketplace: Nifty Newsletter, April 19–25

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Sotheby’s auction house is set to sell NFTs that are part of collapsed crypto hedge fund Three Arrows Capital’s digital collection. In this week’s newsletter, read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs of the collapsed crypto hedge fund Three Arrows Capital. In other news, find out how games and tokenization are driving the maturation of the NFT space and how a second batch of Trump NFTs sold out a day after launch. And don’t forget this week’s Nifty News featuring Yuga Labs’ victory in court. Romania plugs into Web3 with national NFT marketplace Romania’s National Institute for Research and Development in Informatics, known as ICI Bucharest, has announced that it will launch an institutional NFT platform to drive Web3 adoption in the country. According to Paul Niculescu-Mizil Gheorghe, ICI Bucharest’s blockchain laboratory coordinator, NFTs have become valuable assets for institutions due to thei...

Binance Adds Bitcoin, Shiba Inu, Dogecoin To Liquid Swap

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Binance Launches Bitcoin, Shiba Inu, Dogecoin Liquidity Pools Crypto exchange Binance ’s Liquid Swap service on April 24 announced that it has added seven new liquidity pools . The popular liquidity pools are BTC/TUSD, SHIB/DOGE, and TUSD/USDT. Others include BEL/USDT, ID/BTC, ID/USDT, and SYN/USDT. advertisement While the liquidity pools allow users to trade instantly and pool tokens to earn rewards, adding liquidity into a liquid pool and becoming a liquidity provider is not risk-free. The market price of tokens can greatly fluctuate during volatile market conditions, causing the staking income to remain lower or incur losses. Binance has recently inclined towards TrueUSD (TUSD) stablecoin after Paxos stopped issuing Binance USD (BUSD) stablecoin as a result of the U.S. regulatory crackdown against crypto. In fact, the crypto exchange removed zero-fee trading for all crypto pairs except TUSD. This caused a massive decline in BTC trading volumes across se...

Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws. The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities. The video came from a “Blockchain and Money” class in the Fall Semester of 2018 taught by Gensler, a former professor at the Massachusetts Institute of Technology (MIT) before he became chair of the Securities and Exchange Commission (SEC). On the topic of initial coin offerings (ICOs), Gensler said that "three-quarters of the market are not ICOs or not what would be called securities" and named the U.S., Canadian and Taiwanese markets as the "three jurisdictions that follow something similar to the Howey Test." "Three-quarters of the market is non-securities, it's just a commodity, cash,crypto,” Gensler then said. The below cli...

Third round of ETH withdrawals sees roughly equal amounts of deposits: Data

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Another chunk of ETH has been withdrawn due to Kraken, but deposits going onto the network have almost matched them. Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was responsible for a large portion of these withdrawals. A “round” refers to the number of days taken to process partial withdrawals and rewards. Nansen says it currently takes just under four and a half days. The last large batch of withdrawals on April 24 was a total of 61,608 ETH in principal and reward withdrawals. However, at the same time, there were 63,009 ETH deposits, reported Nansen. This has resulted in zero change in the balance of staked ETH over the past 24 hours. Ether deposits (shown in blue) since April 18. Source: Nansen In Februar...

Bitcoin Price Prediction for Today, April 23: BTC/USD Could Drop Below $27,500 Support

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Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction reveals that BTC is yet to gain strength above the moving averages as the king coin could risk fresh support. Bitcoin Prediction Statistics Data: Bitcoin price now – $27,684 Bitcoin market cap – $534.2 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $34,000, $32,000, $30,000 Support Levels: $22,000, $20,000, $18,000 Looking at the daily chart, BTC/USD may continue to move below the 9-day and 21-day moving averages before heading toward the lower boundary of the channel. The Bitcoin price could begin another decline if bulls failed to push it above the upper boundary of the channel. At the opening of today’s trading; the king coin touches the resistance level of $27,889, but any further...

Bitcoiner from Satoshi Era Earns $175M Profit after Hodling for 9 Yrs

Whale Alert, an AI service tracking the massive movement of coins across blockchains, has captured an intriguing development. On Saturday, Whale Alert reported that a Bitcoin (BTC) wallet from the Satoshi era has suddenly become active. After ten years of dormancy, the crypto whale reawakened with a big move. The whale, which possesses a massive 1,128 BTC or $31.6 million, has recently transferred 279 BTC worth  $7.8 million to three new addresses. A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now. The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.https://t.co/2MxnVzcEMl pic.twitter.com/2GM7Oq4e2P — Lookonchain (@lookonchain) April 21, 2023 This unexpected development caused a stir in the crypto community, as the whale had been inactive since October 2012 and May 2013, when the prices of Bitcoin were a mere $12 and $195, respectively. On Wedne...

Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States

Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating new reserves in non-U.S. sanctioned assets. Russia Built Bank Reserves out of Non-Sanctioned Assets Russia has managed to create a so-called safety cushion for its economy, based on assets that are not susceptible to being blocked by U.S. sanctions, according to Elvira Nabiullina, governor of the Bank of Russia. According to reports from the Russian news agency TASS, Nabiullina stated that since the country was affected by a wide package of sanctions due to its involvement in the Russia-Ukraine conflict, the bank has focused on piling up this kind of resource. Nabiullina stated the country could “relax” due to the existence of this reserve, and explained the country would keep ...

Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

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Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be “rugged.” Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: “Lights out” at $28,000? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp. Amid an ongoing correction, the pair nonetheless failed to reclaim even $29,000 as support as U.S. unemployment data hinted that tighter financial conditions were working to cool inflation. Spot gold became the main risk asset beneficiary, climbing back above $2,000 on the day. XAU/USD 1-hour candle chart. Source: TradingView U.S. equities opened higher but subsequently reversed their uptick, with the S&P 500 and Nasdaq Composite Index down 0.6%. With BTC/USD circling $28,800 at the time of writing,...

Peaq partners with Fetch.ai

Peaq partners with Fetch.ai to bring AI agents to Polkadot and Kusama. Fetch’s intelligent agents run autonomously and act in the economic interest of their owners.  The integration is already live on peaq’s TestNet a first for the Polkadot ecosystem and is coming to krest and mainnet once they go live, thereby bringing them to the Kusama ecosystem, too. Fetch’s agents will power a vast array of use cases, such as connecting smart vehicles with the optimal charging station and pave the way to wider AI use within the Economy of Things on peaq. Why’s it good for peaq? AI is one of the pillars of the Economy of Things, and Fetch’s framework enables users to put AI to work for their benefit, leveraging connected devices on peaq. How does this benefit the community ? The integration enables entrepreneurs and developers building on peaq to use Microagents for optimizing and automating various business processes in the Economy of Things. All in all, this will lead to machines providing servic...

Ripple Price Prediction: XRP Escapes From Consolidation As Bulls Target 10% Gains

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Join Our Telegram channel to stay up to date on breaking news coverage Ripple price broke out of a symmetrical triangle on Tuesday, rising almost 5.5% to brush shoulders with $0.54. However, supplier congestion in this zone resulted in profit booking causing the remittance token’s price to turn down. At the time of writing, the Ripple was hovering around $0.5259, up 1.7% on the day and a 24-hour trading volume of $1.29 billion, according to data from CoinMarketCap. Ripple price has been displaying significant volatility since the beginning of April, rising from the rigorous push and pull between the bulls and the bears. Due to this, the price has been coiling up within a symmetrical triangle unable to make any directional bias. However, yesterday’s breakout point brought a potential breakout toward $0.58 into the picture. It should also be remembered that the XRP price always responds to any developments around the SEC v. Ripple case . In the latest development, ...