Author: News Room
Bitcoin, the leading cryptocurrency, is trying to recover the losses it suffered while falling to $ 64,000 levels at the beginning of April. Because while BTC rose to the level of $ 69,000 again last night, it could not maintain this level and fell back to $ 66,000. At this point, while the volatile movements in BTC continue, all eyes on BTC and altcoins today are turned to the economic data coming from the USA. The data announced on the first Friday of each month is closely followed by investors and stakeholders to understand the state of the economy. The…
Seedify, a famous Web3 launchpad and incubator, has started an exclusive partnership. As per its official announcement on X, the company is collaborating with Polygon (a PoS blockchain) to expand the development in the Web3 sector. In its post on the social media platform, the firm noted that the collaboration will offer several beneficial things. The cooking never stops here… and we got a feeling you’ll like this dish 😉@0xPolygon and Seedify are joining efforts to power up web3 development ❤️🔥Here’s what this synergy brings to the table:🔷 Seedify can connect with Polygon Ecosystem for possible launches and… pic.twitter.com/Daue8BBbtU —…
Binance, the world’s largest crypto exchange, recently burned over 4 billion Terra Classic (LUNC) tokens, reigniting hope in the revival plan and a potential push to $1. The burn, which occurred on April 1, represents the exchange’s commitment to bolstering the Terra Classic revival campaign. Data from Terra Finder confirms that the exchange incinerated exactly 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices. This figure represents 50% of the fees accumulated by Binance on Terra Classic trades for the month of March, as promised by the leading exchange. Recall that Binance pledged to burn 50% of its LUNC trading…
Blockchain forensics firm Nansen has uncovered Arkham’s shady $55 million transfers in ARKM, suggesting potential sales on Binance. Arkham Intelligence, a blockchain deanonymization platform backed by Binance and others, has found itself in hot water after its rival Nansen revealed that Arkham sent over $55 million in ARKM tokens to unlabeled addresses, which then allegedly sold the tokens on Binance. In an X thread on Apr. 4, Nansen wrote that Arkham had moved over 25.2 million ARKM tokens over the past few days, with most of the funds gone to “wallets unlabeled on their platform, where a significant portion has…
An analyst forecasts a bullish breakout for MATIC, projecting a potential surge to $1 in the near term. Technical indicators suggest a buy order on the Polygon-USD daily chart, indicating a possible trend reversal. Polygon’s dominant position, rich ecosystem, and anticipated upgrade to POL underpin its resilience against broader market bearishness. A prominent market analyst, Ali Martinez, has set his sights on Polygon (MATIC), predicting a potential bullish surge for the altcoin. Martinez, known for his astute market analyses, suggests that MATIC could soar to as high as $1 in the immediate future. Delving into the technical indicators, Martinez highlights…
Coinbase chief legal officer Paul Grewal responded to a legal development that has revived a consumer lawsuit against the US-based crypto exchange that was dismissed in 2023. On April 5, Grewal said companies such as Coinbase have no private liability for the secondary trading of crypto tokens because “contracts matter.” Grewal cited a decision from the US Court of Appeals for the Second Circuit, stating: “We appreciate the Second Circuit confirming today what is clear under the federal securities law.” In their earlier amended complaint against Coinbase, plaintiffs attempted to remove references to the company’s user agreement, undermining their claims…
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has lost around 23% of its value over the past month, despite surging more than 270% over the past 6-month period amid a wider cryptocurrency market surge. The cryptocurrency’s community, however, has helped it maintain strong social activity. According to a post shared in the microblogging platform X (formerly known as Twitter) by social intelligence firm Lunar Crush, SHIB is “signaling bullish” as it has been seeing increasing social activity paired with accelerating market volume and rising price action. As CryptoGlobe reported, the meme-inspired cryptocurrency could, according to an analyst, surge in the near…
India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative is expected “to enhance access and expand choices available to users.” Non-Bank […] Read the full article here
Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding the destination. Since April 1st, approximately $2.55 billion USDT has flowed into prominent crypto exchanges, including Binance, Bitfinex, Kraken, and Coinbase. Notably, Bitfinex received $1.018 billion USDT, while Kraken and Binance witnessed an inflow of $824.1 million and $614.6 million…
If you’ve been in crypto for even as long as five years, there’s a pretty good chance that you haven’t heard of Roger Ver. If you have heard of him, your perception may be of a controversial figure, either by his moniker “Bitcoin Jesus,” his current love for Bitcoin Cash, or by his widespread portrayal in the media as a “very bad influence that you shouldn’t play with” (note that this is how I myself referenced him in 2019). With all of that in mind — and despite the fact that Ver sent me about $10 in Bitcoin Cash after…