Crypto news

Sandeep Nailwal, the founder of Polygon, has shown his support towards NFTFN. This move sent shockwaves through the crypto space and shot this project to new heights.  As Presale Round 1 comes to an end in a matter of few weeks, NFTFN rose like a phoenix from the ashes of traditional NFT trading.It is now setting the stage to change how we view digital ownership. With Nailwal’s support, this project stands as a symbol of hope in uncertain times. It ushers in a...

Solana price started a downside correction from the $205 zone against the US Dollar. The price is now trading below $190 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $190 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $172 and $162 support levels to start another increase. Solana price is correcting gains from $205 against the US Dollar, like Bitcoin....

Bitcoin price started a downside correction from the $71,500 zone against the US Dollar. The price is now trading below $68,000 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $68,200 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $63,350 support zone. Bitcoin price is correcting lower below $68,000 against the US Dollar. BTC...

Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. His statement comes amid concerns that Layer 3 networks are taking away from Ethereum’s value and security. L3 Doesn’t Magically Increase Throughput According to Buterin’s X post, there are alternative, potentially “lighter”...

TL;DR The long-standing lawsuit between Ripple and the SEC is set to enter a critical phase with the start of the grand trial at the end of April. The company has gained momentum due to partial victories secured in 2023. The lawsuit between Ripple and the US Securities and Exchange Commission (SEC), which has been ongoing for over three years, will witness several key developments this month. Perhaps the most important one is the start of the grand trial, scheduled for April...

The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the government to sell its coins. Shortly afterwards, the government’s wallet transferred 1999 BTC to Coinbase Prime, worth...

On April 1, Juicebox’s content manager appeared to have announced that the Ethereum-based crowdfunding platform had secured a fake $69 million funding round supported by the crypto venture capital company Paradigm. However, it was later revealed to be an April Fools’ Day prank, causing JBX speculators to incur losses exceeding 20%. JuiceBox’s April Fools’ Day Joke The news broke through a post on X by pseudonymous account Briliegh.eth, which has since been made private. The...

The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31. Miners In Massive Profit The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31. Miner revenues are almost...

TL;DR Bitcoin has seen a significant price dip, dropping to almost $65,100. Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the asset’s market performance. Abandoning Exchanges The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGecko’s data), some essential factors hint the trend may not...

Brevard, NC, April 2nd, 2024, Chainwire In a significant move within the decentralized finance (DeFi) real estate landscape, YakDAO is set to revolutionize the ecosystem with the launch of its native token, $YAKS, on the Arbitrum network, available for trading on Uniswap starting April 2, 2024. This launch is not just a testament to YakDAO’s innovative approach in DeFi but also highlights its pre-sale success and strategic partnerships aimed at fostering strength,...