Author: News Room
The prices of some coins keep rising; however, there are some exceptions, according to CoinMarketCap. DOGE/USD The rate of DOGE has increased by 4.79% since yesterday. Over the last week, the price has risen by 15.20%. On the daily chart, the price of DOGE is rising after a false breakout of the support level at $0.1260. If the growth continues and the bar closes near the resistance, one can expect a blast to the $0.20 zone soon. DOGE is trading at $0.1719 at press time. SHIB/USD SHIB has gained less than DOGE, going up by 0.75%. The rate of SHIB…
The highly anticipated civil lawsuit between the U.S. Securities and Exchange Commission (SEC) and Terra (LUNA) altcoin developer Terraform Labs began today in a court in Manhattan. The courtroom was noticeably less crowded than in previous hearings, and all participants wore suits, indicating the seriousness of the case. The day began with jury selection, a process in which each side takes turns vetting potential jurors. The initial pool was comprised predominantly of women, a surprising development attributed to the court clerk’s first day on the job. The final jury consists of three men and six women, mostly minorities. It was…
In a recent X post, blockchain sleuth ZachXBT exposed tactics used by scammers targeting Solana investors. One such scammer who goes by the username of “Sartoshi0x’s” account secretly pocketed a 62% of the SOL raised from a presale, totaling 7,000 SOL, and failed to fully distribute the promised tokens to investors. A user who goes by the name of ‘Jared_eth’ on X turned out to be a fake impersonating a well-known crypto figure, Jared MEV. This incident echoes a similar scam in June 2023, where another fake Jared account swindled investors out of $440,000. Another scammer who goes by the…
The team behind the meme-inspired cryptocurrency Floki (FLOKI) has released an extensive roadmap for 2024, outlining a series of developments designed to increase the token’s utility and expand its ecosystem. Floki ($FLOKI) started as a meme-inspired cryptocurrency based on Elon Musk’s Shiba Inu dog, quickly evolving into a comprehensive ecosystem backed by an engaged community. It merges meme culture with practical utility, setting itself apart in the crypto sphere. At the heart of Floki’s ecosystem is Valhalla, its NFT gaming metaverse offering battles, asset trading, and collection opportunities, with the chance for users to earn rewards. FlokiFi extends the project’s…
The London Stock Exchange (LSE) has confirmed its plans to open its doors to trading cryptocurrency Exchange-Traded Notes (ETNs), specifically Bitcoin and Ethereum. This strategic move marks a pivotal moment in financial innovation, blending the traditional robustness of the stock market with the cryptocurrency market. Crypto ETNs Arrive at the London Stock Exchange The launch is conditional upon the approval of base prospectuses by the Financial Conduct Authority (FCA). This is a necessary step in listing these financial instruments on the Main Market and the FCA’s Official List. The decision to set the trading commencement for late May 28, 2024,…
On Monday, bitcoin’s value soared back to the $70,000 mark after a decline to just under $60,000 the previous week. Over the last 24 hours, its value against the U.S. dollar has increased by 7%, reaching a peak of $70,645 for each unit. Bitcoin’s Swift Comeback For the first time since March 14, 2024, bitcoin […] Read the full article here
Widely followed economist Alex Krüger is bullish on one overlooked layer-one crypto project amid what he believes is the earlier stages of a digital assets bull run. Krüger tells his 168,000 followers on the social media platform X that many more people are about to hear about Core (CORE), a blockchain that aims to leverage the advantages of Bitcoin’s (BTC) proof-of-work system (POW) plus the attributes of proof-of-stake (POS). Says Krüger, “There are two kinds of people in crypto. Those who have heard about CORE. And those who will.” At time of writing, CORE is trading for $0.73, up 13%…
An on-chain analyst at Glassnode says that Bitcoin (BTC) investors are likely to sell some of their coins before the crypto king’s halving in April. In a new video update, Glassnode’s pseudonymous lead analyst Checkmate says that Bitcoin has yet to experience any significant corrections during the latest bull run, indicating that BTC holders may be quicker to take profits. “We have barely had a 20% correction, certainly on a closing basis, since the FTX lows. So it’s really showing that the market structure in this cycle is substantially [seeing] a lot more buy-side [pressure], we’re just not seeing the…
Meme coin mania is reigniting after a brief lull, with dogwifhat (WIF) pumping over 24% in the past 24 hours. While WIF’s resurgence has traders excited, all eyes are turning to the newly launched DogWifCat (DWIFC) token to see if it can produce even loftier gains by tapping into the renewed speculative frenzy. Dogwifhat Price Spikes 24% as Token Flips FLOKI WIF looks to be back after a period of relative quietness. The Solana-based meme coin has seen its price spike over 24%, currently trading around $2.80. This represents WIF’s highest valuation since last Tuesday. Moreover, the rally has allowed…
As part of Bitcoin Investor Day, billionaire Anthony Scaramucci, founder of SkyBridge Capital, shared his views on the future of demand for Bitcoin and predicted a significant increase in the next decade. Speaking to Yahoo Finance, Scaramucci cited several factors that contributed to this prediction. The event, which includes individual investors and important corporate participants, aims to make Bitcoin accessible to a wider audience. Scaramucci stated that the change in Bitcoin demand dynamics, especially with the approval of Bitcoin ETFs by the SEC and the halving event planned to be held at the end of April, has turned from an…