Crypto news

While the crypto market witnessed significant bloodshed in April, layer-2 networks recorded substantial developer activity, signaling a strong belief in these projects despite the latest slumps in the value of their native tokens. A tweet by crypto data analytics platform Santiment revealed that the top ten layer-2 networks were selected by counting each project’s non-redundant GitHub activity and averaging their daily activity over the past 30 days. According to Santiment,...

Discerning crypto investors are constantly seeking promising opportunities with substantial long-term benefits. Among the top contenders, BlockDAG has become a compelling investment, notably outpacing Toncoin’s (TON) stability and Litecoin’s (LTC) volatility. With an impressive presale haul of $22 million, BlockDAG is not just participating in the market; it’s leading it. Poised to reach a target price of $30 by 2030, the project introduces a strategic vesting...

A New York court and the Federal Bureau of Investigation (FBI) have revealed an indictment against Idin Dalpour. The 39-year-old New York resident is accused of organizing a sophisticated Ponzi scheme that allegedly defrauded investors of $43 million. $43 Million Ponzi Scheme According to the indictment, he ran the Ponzi scheme from approximately 2020 through April 2024. He targeted investors in the United States and abroad, soliciting investments through an entity he...

Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase Earnings Surged in Q1 Coinbase’s net income reached $1.18 billion, $4.40 per share, translating to $1 billion in adjusted EBITDA in Q1....

Not many altcoins can make it to the market headlines as BEFE did. The coin has now become a frenzy amongst the investor community due to its innovative and eccentric ecosystem. Let’s explore BEFE more to discover the reasons behind its rising fame. Meme coins have likely taken up most of the cryptos in the market in the wake of their funny origins and impassioned online communities. From the first-ever meme coin, Dogecoin, it became a great opportunity for...

In a rapidly evolving crypto landscape, where tokens like Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) have garnered attention, a new contender emerges promising transformative potential. Furrever Token (FURR) offers investors the opportunity to turn $1,000 into $15,000, positioning itself as a beacon of innovation and profitability. With a clear focus on disrupting the status quo, FURR embodies the spirit of forward-thinking investment in the digital age....

Bitgert coin is the center of attraction in the cryptocurrency ecosystem as demand for it has skyrocketed massively recently. This increased demand has been observed with the spectacular uptrend which this coin has experienced recently. It’s got features that makes blockchain experience seamless in all aspects and this is why many crypto investors find it comfortable to use. This has made Bitgert the marvel of the industry with investors enjoying every bit of its...

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level. Yet, the cryptocurrency is climbing back above the $3,000 level...

Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency. Block to Invest in Bitcoin Monthly Dorsey explained that bitcoin is the best and only candidate for a...

Bitcoin’s price has been going through some major moves throughout the past couple of weeks. The bulls are fighting to reestablish their dominance, staging a convincing recovery above $60K. But will it last? Technical Analysis By TradingRage The Daily Chart The price has been oscillating inside a descending channel on the daily chart for the past couple of months. The channel was briefly broken to the downside a few days ago. However, BTC quickly rebounded and climbed back...