Crypto news

The cryptocurrency market has calmed down considerably in the past 24 hours, halting the bearish assault and finding some consolidation in the process. Bitcoin’s price is trading at around $61K on Sunday morning, while Ethereum is now firmly below the pivotal $3K level. Are the Bitcoin Bulls Regrouping? As CryptoPotato reported yesterday, Bitcoin’s price experienced a sudden correction, dropping below $61K and losing around 3.5% in a single day. This seemingly had to do with...

BlockDAG’s dazzling display at London’s Piccadilly Circus heralds its listing on CoinMarketCap, signaling a boost in global interest towards the technology, propelling its anticipated value to $30 by 2030.  Currently in its 11th presale batch, priced at $0.007 per coin, BlockDAG has successfully raised a significant $24.7 million. This impressive market presence contrasts starkly with the fluctuating prices of Toncoin and the declining interest in U.S. Bitcoin...

While Solana grapples with network congestion and Cardano displays only slight growth, BlockDAG has been turning heads with its dramatic display at London’s Piccadilly Circus. Celebrating its CoinMarketCap listing, BlockDAG has already amassed over $24.6 million in its ongoing presale, with its user-friendly tech platform drawing significant interest. Analysts predict an astonishing potential for a 30,000x return on investment, setting BlockDAG apart as the crypto...

BlockDAG’s 27th Development (Dev) Release introduces innovative synchronization mechanisms that enhance network speed and efficiency. With options like full, light, fast, and warp sync modes, it accelerates node integration by focusing on recent data and checkpoints. This warp sync feature makes BlockDAG more accessible, allowing new participants to join quickly while fostering an inclusive ecosystem. Riding high on a 600% price surge from its first to its 11th...

Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed on May 9, the company’s performance still trailed the projected estimate of $193.9...

TL;DR Bitcoin kicked off 2024 on a high note, achieving a record high over $73,500, though it later dipped to around $63,000. A new bull run may hinge on factors like technological advances, adoption rates, and global events. Key influences on BTC’s future price include potential changes in the US Federal Reserve’s interest rate policies and the outcome of Ripple’s lawsuit against the SEC, both of which could significantly impact investor sentiment and market dynamics. The...

Founder and former CEO of Digitex Futures Exchange, Adam Todd, has pleaded guilty to willingly leading the firm to fail to establish an Anti-Money Laundering (AML) program. Notably, the former CEO’s plea was issued in a federal court in the Southern District of Florida on May 7. Former Digitex CEO Pleads Guilty The U.S. Attorney’s Office stated that Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act. Indicted earlier this year, Todd was accused...

On May 11, the American businessman and television personality said if Joe Biden loses the presidential election, “there is a good chance you will be able to thank Gary Gensler and the SEC (Securities and Exchange Commission).” “Crypto is a mainstay with younger and independent voters,” he said before adding that SEC Chair Gensler “has not protected a single investor against fraud.” The outspoken entrepreneur didn’t stop there, adding that all the SEC has done is make it...

Polkadot’s recent price action has been characterized by steady but uncertain movements within a defined range, highlighting a balance between buyers and sellers. However, a decisive breakout from this range is imperative to determine its future trajectory. Technical Analysis By Shayan The Daily Chart On the daily chart, Polkadot has been trapped within a defined range, with the $6 support and the $7.5 resistance serving as significant boundaries. This sideways movement...

Bitcoin’s price rally has come to a halt over the last couple of months as the market consolidates. Yet, things are about to change soon, either for the better or for the worse. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the Bitcoin price has been consolidating inside a large descending channel. The midline of the channel has recently rejected the price to the downside, and the market is testing the $60K level once again. If this...