Author: News Room
Dogecoin (DOGE), a meme-inspired cryptocurrency, has been experiencing bullish momentum in recent trading sessions following a brief period of consolidation earlier this week. As of the latest data, DOGE is trading at $0.1945, marking an impressive 5.72% increase over the past 24 hours. Over 30 days, the cryptocurrency has surged by 27.84%, showcasing a significant uptrend in its price. The recent surge in DOGE’s price can be attributed to several bullish metrics that have emerged in its favor. According to data from CoinGlass, the trading volume of Dogecoin has increased by 6.13%, reaching a substantial $3.41 billion. This surge in…
Coinbase launched Wrapped Staked ETH (cbETH), which aims to improve the management of Ethereum (ETH) assets and grant users unprecedented control over their holdings. cbETH’s use case means investors can buy, sell, or hold the token. Per Coinbase Help, users can wrap their staked ETH into cbETH without fees, offering a cost-efficient solution for asset management. However, standard fees apply to transactions or sales involving cbETH. According to its whitepaper, the conversion rate between ETH and cbETH determines the number of cbETH units obtained during the wrapping process. This rate isn’t fixed; it is driven by rewards earned on the…
Cryptocurrency exchange Coinbase will list the Tensor (TNSR) altcoin, according to its official announcement. Tensor is part of the recent upward trend of Solana-based altcoins. The altcoin in question was launched today as the native token of the Tensor NFT platform on SOL. The world’s largest cryptocurrency exchanges, such as OKX and Binance, also listed the token as soon as it was launched. According to its official statement, Tensor describes itself as follows: “Tensor is an innovative NFT marketplace that appeals specifically to professional investors. It offers advanced functionality including real-time data, candlestick charts, and automated market making (AMM) pools…
Robert Kiyosaki, the American author known for his popular personal finance books, has taken to the X social media to warn millions of his followers about the “everything bubble” in U.S. stocks, bonds and real estate. The financial commentator predicts that this bubble is “set to crash.” Kiyosaki has recommended his followers to hedge against this possible crash by buying precious metals (gold and silver) as well as Bitcoin, the largest cryptocurrency by market cap. Is there stock market bubble? Even though many investors are concerned about a potential stock market bubble being in the making, historical data shows that…
NEW YORK – Crypto trader Avi Eisenberg’s criminal fraud and manipulation trial will open Tuesday after a federal judge seated a 15-person jury that includes a seller of rare books, an elementary school music director and at least two finance professionals. Expected to run for two weeks, the trial will determine whether Eisenberg broke the law when in October 2022 he deployed a self-described “highly profitable trading strategy” that crippled Mango Markets, the once popular venue for betting on cryptocurrencies on the Solana blockchain. The trial represents an evolution in the government’s attempts to police alleged crimes in decentralized finance…
A recent study by cybersecurity firm Blockaid uncovered that a staggering 50% of presale tokens launched on the Solana blockchain between November 2023 and February 2024 were malicious. This alarming statistic has raised serious concerns about the security of the Solana ecosystem. Solana’s Presale Involves 50% Fake Tokens Blockaid’s co-founder, Ido Ben-Natan, said that the surge in fraudulent activity on Solana can be attributed to two primary factors. “Firstly, the exponential increase in pre-sale token uptake in February and March, fueled by the popularity of legitimate meme coins, has provided fertile ground for scammers,” Ben-Natan explained. He further noted that…
The total market capitalization of memecoins in the cryptocurrency space has now topped the $56 billion mark after the value of these tokens nearly tripled since the beginning of this year, amid a memecoin mania that has seen traders make and lose fortunes in days. According to IntoTheBlock’s Q1 2024 On-Chain report, demand for memecoins hit its highest since 2021 in the first quarter of this year despite the lack of stimulus checks from the government – as was the case during the last memecoin bullrun, with the checks coming over the COVID-19 pandemic – the firm noted that “appetite…
A staggering 91% of meme coins on Coinbase’s Base platform have been found to have security vulnerabilities, putting users at risk of significant losses. This comes after the Dencun upgrade, which has seen a surge in user numbers, transactions, and total value locked on Base. It resembles the activity fueled by degenerate gambling on Solana’s L1 blockchain. Coinbase’s Base Meme Coins Suspected of Scam A new study analyzed 1,000 new Base tokens, primarily meme coins, launched between March 19 and March 25. The analysis revealed that 908 projects failed to meet one or more fundamental security measures. These include locked…
Ripple CEO Brad Garlinghouse says he is “very optimistic” about the crypto market, predicting it could double its market cap this year. The executive explained that the macro trends, such as the spot bitcoin exchange-traded funds (ETFs), are driving “real institutional money” into the crypto space for the first time. Ripple’s CEO: Macro Factors Fuel […] Read the full article here
A widely followed crypto strategist believes that top meme token Dogecoin (DOGE) looks bullish even after last week’s marketwide correction. Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that DOGE has managed to stay above a key support level on the weekly chart even after dropping to a seven-day low of $0.169. With the weekly support intact, the trader now sees DOGE igniting a nearly 60% rally from current levels. “DOGE: held above [the] weekly level for now, resume the pump to $0.32. I think being long DOGE is a completely reasonable idea and…