Tag Archives: Crypto Bits

TL;DR Warning About Fraudulent NFT Scheme: The Cardano Community, a Twitter account, warned users about a scam involving Berry Pool delegators receiving a dubious NFT, falsely promising extra ADA rewards through a fraudulent event. Significant Losses Incurred: Victims who connected their wallets and signed transactions following this scam have suffered losses exceeding 200,000 ADA. The associated website has been identified as a scam. Advice for Caution and ADA Price Surge:...

TL;DR Uphold is hosting an XRP giveaway to conclude 2023, offering 100,000 XRP to one winner and 1,000 XRP each to 25 participants. Eligibility requires a minimum of $20 in trades on the platform, with no limit on entry count. The giveaway is exclusive to US residents, continuing a series of similar events held by Uphold in previous months. This initiative follows Ripple’s partnership with Uphold in October to improve cross-border payments, leading to a surge in XRP trading...

TL;DR Recent XRP Price Dip and Optimistic Outlook: XRP has dropped from about $0.70 to $0.60, but analysts predict it could reach new highs before the end of 2023, potentially surpassing $1.20 soon. Analyst Predictions for XRP’s Future: EGRAG CRYPTO outlines two scenarios: the “Blue Route” with XRP rising to over $1.20 and an all-time high of $5.50 by late 2024, and the “Green Route” with a short-term drop to $0.50, followed by a surge to $22.50 by mid-2024. Exchange Support...

TL;DR Solana’s Price Increase: SOL’s price surged to nearly $75 recently, a peak last seen in May 2022, and currently stands at about $71. NFT Sales Volume Growth: Solana briefly outperformed Ethereum in NFT sales volume growth, with a significant 53% weekly increase. Bonk Inu’s Exceptional Performance: The Solana-based memecoin, Bonk Inu, saw a 400% rise in its price, outstripping other popular memecoins. SOL Performing Better Than ETH in This Aspect The sixth largest...

Cardano’s ADA has seen a remarkable surge in the last few months, more specifically, over 120% in appreciation since October 20. As the coin rises to new all-time highs by what’s left of December, Cardano’s DeFi ecosystem is flourishing as well. Cardano’s total value locked (TVL) surpassed $370 million this Friday, reflecting a 520% growth since the beginning of the year. This growth is mainly driven by a notable increase in decentralized exchange (DEX) activities, more...

TL;DR Ripple scored three significant partial legal wins against the SEC in 2023, including a favorable ruling on XRP sales and the clearing of top executives from charges, with a major trial set for April 2024. Ripple gained recognition with prestigious awards, including a spot in People’s Magazine’s “100 Companies Who Care” and Fortune Magazine’s top workplaces in technology, along with winning the UK’s PAY360 Award. The price of Ripple’s XRP token increased by 77% in 2023,...

TL;DR Awaiting US SEC Decision on Spot Bitcoin ETFs: The SEC is expected to decide on several spot Bitcoin ETF applications from major firms like BlackRock and Fidelity, with deadlines in early 2024. BlackRock’s Leading Role: BlackRock, the world’s largest asset manager, is a key contender in the spot BTC ETF race, bolstered by its successful track record with the SEC and partnership with Coinbase. Possible Boost to Bitcoin’s Price: Approval of a spot Bitcoin ETF, especially...

TL;DR XRP’s Modest Gains: XRP has underperformed in the recent crypto market rally, rising only 5% compared to larger gains by Bitcoin, Ether, and Solana. Bullish Predictions: One analyst anticipates a potential “Golden Cross” for XRP, suggesting a future price surge, possibly up to $1.50 if it surpasses the $0.75 resistance level. Signs of a Slowdown: Despite optimistic forecasts, XRP is experiencing a downturn in transaction activity and some analysts warn of possible...

TL;DR Massive ETH Whale Movement: A dormant ETH whale moved $90 million worth of ETH to Kraken, signaling potential selling pressure on the market. Market Impact: The transfer could affect ETH’s market by at least 2%, with implications for Kraken’s trading depth and broader market dynamics. Crypto Market Trends: The event aligns with increased whale activity and a bullish trend in altcoins, indicating a possible shift in market behavior. Massive Crypto Whale Wakes Up,...

TL;DR BitTorrent (BTT) exploded by a whopping 100% in the past few hours. This follows a broader market increase where numerous cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA), experienced significant gains, with Bitcoin reaching $44,000 for the first time in 19 months and others hitting yearly peaks. Catching Crypto’s Green Wave Numerous crypto assets are well in the green today (December 6), with Bitcoin (BTC), Ether...