Crypto news

Litecoin started a fresh decline from the $105 resistance zone against the US Dollar. LTC price is now trading below $90 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $87.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $70.00 support zone. Litecoin price is struggling below $90.00 against the US Dollar, like...

Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US dollar. On April 16, on-chain analytics firm CryptoQuant took a deep dive into the Ethena ecosystem revealing risks with the latest stablecoin, which has seen its market capitalization grow to more than $2 billion in a shorter time after launch than any other major counterpart. USDe’s market cap...

The X account of famous actor Tom Holland, which has over 7 million followers, was recently hacked. The attackers used his platform to promote a fake cryptocurrency and NFT scheme. Fake ‘Spiderverse’ Partnership with Binance The compromised account was used to announce a partnership with the global crypto exchange Binance, supposedly launching “Spiderverse” tokens. A link to a fake website was attached, enticing users to gain early access to the fake SPIDER cryptocurrency and...

Based on Artificial intelligence, the web 3 DID platform GenomeFi announced the strategy partnership with Genomics on 15 April. Both Corporations will collaborate on Genome ecosystem expansion. The companies will expand their platform services, plan and launch genome-based products, and develop marketing strategies to attract domestic and global users. GenomeFI is a blockchain foundation that uses artificial intelligence analysis technology to build genetic big...

The ongoing memecoin frenzy took a dip as the crypto market was bleeding over the weekend. Bitcoin (BTC) along with the broader crypto market fell nearly 10% on Saturday. Despite the current market conditions, markets for top memecoins remain more liquid than earlier this year. New age memecoins have been all the rage this cycle and BEFE, despite being just a few months old, has made a significant mark in this volatile yet competitive space. With a community of...

TL;DR Despite a recent dip, VeChain (VET) has seen a nearly 60% increase in its value year-over-year, with speculation about reaching new highs soon. Analyst predictions are varied, with some expecting short-term rises to $0.06, while others envision a whopping 2,500% rally to $1. VET Price Gearing up for a Peak? Despite plunging significantly in the past week, VeChain’s native cryptocurrency – VET – remains among the best performers on a yearly scale, with its price rising...

[PRESS RELEASE – London, UK, April 17th, 2024] In a pioneering move within the industry, MetaWin in collaboration with law firm BCLP, has successfully tokenized a Tesla Cybertruck, transforming it into a digital asset wrapped in a legally binding contract and minted as a Non-Fungible Token (NFT). This NFT, which represents full ownership rights to The Cybertruck, has been launched on the Ethereum Base Layer 2 blockchain operated by cryptocurrency giant Coinbase. This contest...

[PRESS RELEASE – Bucharest, Romania, April 17th, 2024] As part of its innovative approach to combining education and technology, Banksters, an EduTech simulator with advanced NFT capabilities, is in the midst of an airdrop campaign that has captured the attention of the gaming and crypto communities. The unique contest, which began on April 3 and is set to conclude on April 17, grants players an opportunity to win exclusive NFTs based on their activity levels within the...

[PRESS RELEASE – Singapore, Singapore, April 17th, 2024] Ontology Network, a leading public blockchain, has announced a $10 million fund, designated in ONT & ONG tokens, to accelerate the adoption, education, and development of decentralized identity (DID) solutions. This initiative is tailored to catalyze innovation across four critical areas: DID Education, ONT ID Technical Tutorials, ONT ID Adoption, and Building with ONT ID, ensuring a robust ecosystem for users,...

While crypto has long been highly affected by the broader financial market, the price of Ethereum (ETH) appears especially impacted by its movements. According to recently published data from IntoTheBlock, the correlation between ETH and several traditional market indexes is now far higher than those between its larger rival, Bitcoin (BTC), and the same markets. Bitcoin, Ethereum, and Stocks The firm’s figures show a correlation coefficient of 0.7 between ETH and the DAX – a...