Author: News Room
UniSat warns users of a malicious Bitcoin wallet hosted on Apple’s app store as BTC exchanged hands 5% below the asset’s all-time high. On April 1, Bitcoin (BTC) wallet provider UniSat alerted the cryptocurrency community to a fake iOS app version of its decentralized digital asset storage solution. The imitation, dubbed “unisatWallet,” is provided by Zunyi Yibai Network Technology. It’s unclear how long the app has existed on Apple’s application marketplace, and crypto.news could not verify the persons behind Zunyi Yibai. As of this writing, the app also had no reviews, and users had not reported any losses. ⚠️Please be…
In a recent interview with Cointelegraph, James Check, the lead on-chain analyst at Glassnode, shared his predictions and insights into the Bitcoin market. He suggested that we’re on the cusp of entering the second, more explosive phase of the current bull cycle, referred to as “the euphoric bull.” James Check explains that we are transitioning into the euphoria phase of the Bitcoin market, characterized by a significant price rise until the supply re-enters the market to meet demand. This phase is marked by long-term holders ramping up spending, a classic signal observed in every previous cycle. Check also mentioned that…
KuCoin has announced a $10 million token airdrop. This decision comes following charges by the US Department of Justice (DOJ) against the crypto exchange for alleged anti-money laundering (AML) violations. The indictment has caused a stir in the crypto community, leading to over $1 billion in withdrawals from the platform. KuCoin is now striving to mend its reputation and restore confidence among its clientele through token airdrops. KuCoin Details $10 Million Token Airdrop The recent challenges began last week when the DOJ accused KuCoin and its founders, Chun Gan and Ke Tang, of operating a multibillion-dollar criminal conspiracy. The charges…
Composable data, a flexible and modular approach in the field of data analytics, benefits decentralized application (dapp) developers constrained by the limitations of current data protocols. Swaroop Hegde, co-founder of Powerloom, explains that composable data maintains a decentralized database of data points verified through a consensus mechanism. Clean Insights Versus Actionable Intelligence Hegde, a thought […] Read the full article here
One layer-one blockchain project developing in the Bitcoin (BTC) ecosystem is skyrocketing in value as the broader crypto market consolidates. Core (CORE), which aims to leverage Bitcoin’s proof-of-work system (POW) along with the attributes of proof-of-stake (POS) using its own consensus mechanism called satoshi plus, has soared more than 477% in the past week. Core moved from $0.59 on March 23rd to $3.41 at time of writing. Widely followed economist Alex Krüger recently called attention to the project and accurately predicted it would go on a massive rally. Said Krüger last month, “There are two kinds of people in crypto.…
TL;DR The newly launched Degen Chain and its token DEGEN witnessed substantial growth, with the network registering significant transactional volume and user adoption. DEGEN-related meme coins have also saw the light of day, experiencing substantial price increases. The ever-evolving cryptocurrency sector recently witnessed the emergence of a new layer-3 blockchain network called Degen Chain. The latter is built on top of the L2 solution Base and has DEGEN as its native token. The newly-introduced network has recorded transactional volume of nearly $100 million, onboarded over 130,000 addresses, and has more than 4 million completed transactions. DEGEN’s price has skyrocketed by more…
Bitcoin has started out the new week on a rather bearish note after a flash crash sent the price below $69,000 once more. There has since been some recovery in the price of the largest cryptocurrency in the space. However, the damage has already been done as tens of thousands of crypto traders were flushed out of their leveraged positions as a result. 81,000 Crypto Traders Lose $220 Million The Bitcoin flash crash hit support just above $68,800 but crypto traders are already feeling the brunt of the large move. In the last day, more than 81,000 traders have lost…
This article examines seven newcomers in the crypto trading landscape with the potential for explosive rallies this bull season. During the just-concluded opening quarter of 2024, numerous crypto tokens debuted. Many of them have already demonstrated the potential to spark significant rallies in a full-fledged bull market. The Crypto Basic explores select new market entrants that have made notable strides in this initial phase of this bull run. Jupiter (JUP) Jupiter (JUP) is a decentralized exchange built on the Solana blockchain. On January 31, it launched and distributed $700 million worth of its platform token, JUP, marking what many consider…
Binance, one of the world’s leading cryptocurrency exchanges, published an announcement regarding the conversion of its delisted tokens to USDT and the withdrawal of these tokens. The announcement outlines specific actions users must take and the associated timelines. Token Conversions to USDT Binance will initiate the conversion of the following tokens into USDT based on users’ holdings in their Binance wallets at 03:00 snapshot time on April 21, 2024. The conversion process will be completed and the equivalent amount of USDT will be deposited into users’ Binance wallets by 02:59 on October 20, 2024. List of Affected Tokens: Moeda Loyalty…
Sometime in the next few weeks, the Republicans and Democrats will announce their respective presidential candidates’ running mates as the U.S. gears up for the November election. On crypto-based prediction platform Polymarket, there’s currently $13.7 million pledged toward figuring out who the Republican vice presidential candidate might be, but the market is far from forming a consensus. South Carolina Senator Tim Scott is leading the pack with 23%. But contracts for “other man” and “other woman” have a collective 25%. Other high-profile Republicans aren’t even cracking the double digits. Marco Rubio is at 4%, while Vivek Ramaswamy – who holds…