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BeInCrypto
BeInCrypto
10 Best Crypto Exchanges and Apps for Beginners in 2024
2 days ago
Cointelegraph
Cointelegraph
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Converting cryptocurrency to fiat has never been easy, so the recent collaboration announced between Web3 infrastructure firm Transak and credit card giant Visa is probably welcome news — particularly for users of crypto wallets like MetaMask, Ledger and Trust Wallet. As Cointelegraph reported in late January, “MetaMask users can now sell crypto directly to a Visa card.” Some 40 kinds of crypto can now be converted into local fiat currency at 130 million of Visa’s merchant locations across 145 countries. The numbers alone are daunting, but this may also be an inflection point. “Visa and Mastercard’s reengagement with the crypto sector marks a pivotal turn in the industry’s trajectory,” Antoni Trenchev, co-founder and managing partner at Nexo, told Cointelegraph recently. “It’s big news for people already using crypto to pay for things — now they have more options and, arguably, better options with how to make these types of payments,” Joanna Wasick, partner at law firm BakerHostetler, told Cointelegraph. That said, it wasn’t that long ago that Visa appeared to be stepping back from crypto. Almost exactly a year ago, Reuters declared that “Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms” — though Visa later took issue with Reuters’ assertion. “This strategic recalibration is not surprising, even with Visa’s distancing itself from crypto a year ago,” said Trenchev last week. “With market uptake, especially with climbing Bitcoin prices, an approved Bitcoin ETF [exchange-traded fund] and an upcoming ‘halving,’ we’re witnessing the nascent stages of a bull market in crypto,” continued Trenchev. Visa and Mastercard don’t want to miss out, arguably. As dramatic and sudden as the announcement may have seemed, it is actually part of a larger process that has been going on for some time. “Visa’s decision to enable real-time card withdrawals is the latest step in the monetization of cryptocurrencies,” William Luther, associate professor in the Department of Economics at Florida Atlantic University, told Cointelegraph. A loss for centralized exchanges? Still, in a dynamic economy — where “creative destruction” is the norm — there are often losers and winners. What does this mean for centralized crypto exchanges like Coinbase and Binance? If Visa can convert a holder’s crypto directly into fiat, why does that individual even need a cryptocurrency exchange? “More users are choosing to directly engage with Web3 through decentralized applications rather than centralized exchanges,” or CEXs, Sami Start, co-founder and CEO of Transak, told Cointelegraph. Asked about the volume of recent crypto withdrawals to Visa cards, Start declined to provide segmented data, but he did say that the firm’s off-ramp transactions — including Mastercard and Visa transactions — “have experienced a growth of approximately 24.27% from December 2023 to January 2024.” Recent: CBDCs: User privacy problem or currency of the future? The threat to centralized crypto exchanges could be exaggerated, however. “The notion that this advancement might disadvantage CEXs and platforms is oversimplified,” said Trenchev. Visa and Mastercard’s involvement in decentralized finance (DeFi) is likely to promote broader cryptocurrency adoption — “which benefits the whole industry.” CEXs still have a play to role. They are “vital in scaling,” continued Trenchev, whose firm was a pioneer in offering a crypto-backed Mastercard in parts of Europe several years back. They provide a degree of reliability, accessibility and security that many DeFi platforms still don’t offer. He added: “The appeal of self-custody in DeFi is clear, but it comes with risks, such as lack of insurance.” Both DeFi and CEXs contribute to the growth of the blockchain ecosystem, Trenchev maintained, and “their successes are mutually beneficial.” Importance of network effects Clearly, there is much more discussion now about crypto as a medium of exchange, which was not the case in the depths of the crypto winter. The biggest hurdle that “would-be” monies face coming out of the starting gate is what economists call “network effects,” explained Luther. They’re not likely to be useful unless your trading partners are willing to use them, and at the outset, few parties are willing to do so, he said, adding: “Intermediaries like Visa have the potential to eliminate the network effect problem. By converting your preferred cryptocurrency on the fly to your trading partner’s preferred money, [they can make a new] medium-of-exchange much more useful.” Visa isn’t the first to take this step. Xapo began offering a Bitcoin (BTC) debit card in 2014. “But Visa supports more cryptocurrencies and boasts a very big network. That’s a big deal,” added Luther. Trenchev seconded this notion that traditional financial firms, including the credit card giants, have been building salients into the crypto world for some time. In 2021, Mastercard purchased CipherTrace — a leading cryptocurrency intelligence company — to enhance its crypto capabilities, while in June 2023, Mastercard announced its Multi-Token Network, an initiative “designed to make transactions within the digital asset and blockchain ecosystems secure, scalable and interoperable,” according to the firm’s executive vice president Raj Dhamodharan. We’re introducing Mastercard Multi-Token Network to make transactions within this ecosystem secure, scalable and interoperable as part of our commitment to support the wider #digital asset industry. https://t.co/Vb1JtnSTjx#blockchain pic.twitter.com/MwkkxbyAuk — Mastercard News (@MastercardNews) June 29, 2023 Visa began supporting the Circle’s USD Coin (USDC) in certain Visa cards in 2020 and followed up in September 2023 by supporting USDC payments settled on the Solana blockchain. Building new connections is what such firms are designed to do. “The core strategy of the payment rails like Visa and Mastercard is to be the network of networks, penetrating any and all venues where exchange takes place,” Lex Sokolin, managing partner at venture capital firm Generative Ventures, told Cointelegraph. “Integrating into the networks of Web3 is the most natural thing for these companies,” said Sokolin, “even less ‘risky’ than it is for asset managers to sell crypto as an investment product.” The question is no longer whether crypto will be a part of mainstream payments and financial services, but rather, how big a part crypto will play, Wasick observed, adding: “So while crypto might still be a relatively small part of payments and financial services — as compared to cash, say — crypto’s dent is getting deeper.” Betraying core principles? Much work still awaits. Some worry about security or loss of privacy. Others fear a growing trend toward financial centralization, which crypto was designed to counter. There are also compliance and tax questions. “I think the primary reason why crypto holders — at least American holders — balk at using crypto for payments is the same as it has been for years: United States tax law,” said Wasick. People don’t want to have to think about tax ramifications every time they purchase a cup of coffee. “But doing it directly with a payment platform like Visa is arguably easier than prior payment methods.” Some crypto purists may view the entry of credit card giants into the space as a further betrayal of the original promise of Bitcoin and other cryptocurrencies for decentralized money beyond the control of any single party, company or government. Luther gave voice to something along these lines. While welcoming the support of Visa and Mastercard, “I also think it is important to recognize the shortcomings.” Yes, they will make it easier to use cryptocurrencies to buy things, “but they do so at the expense of some of crypto’s promise.” More specifically: “They tend to reduce — and, in some cases, completely eliminate — the financial privacy and censorship-resistant features of cryptocurrencies.” Those features are important, Luther added, and he hopes that future developments “will make it easier to use cryptocurrencies in routine transactions while preserving a high degree of anonymity.” Instilling confidence? Finally, what does all this mean in terms of adoption? Crypto adoption is still relatively low — at least as a percentage of the world’s population. And those who own it are often “just holding cryptocurrencies in hopes of price appreciation,” Luther added. But there is another way of looking at things. In this view, crypto is already a part of mainstream payments and financial services. “Some institutional investors hold cryptocurrencies. We have access to crypto futures and ETFs,” said Luther, and a soaring number of payment apps are making sending and receiving cryptocurrencies easier than ever. Related: Is a US stablecoin bill just around the corner? Visa’s new collaboration is also significant because of the impact that it could potentially have on people who, until now, have been hesitant to embrace cryptocurrencies — i.e., not just current wallet holders. The giant credit card companies could give crypto fence-sitters the confidence to act. If so, a sort of virtuous cycle could emerge because as “people become more comfortable with payment solutions, those solutions become more ubiquitous,” said Wasick. “There’s still a long way to go,” Luther summarized. “But cryptocurrencies have come a long way already.”

3 days ago
Bitcoin Gurukul
Bitcoin Gurukul
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StarkNet, one of the most hyped projects of 2024, recently got listed on multiple Tier 1 #Crypto exchanges.   ➬ But the #STRK token dumped 77% after listing, if you will consider the peak price from Binance.   What is StarkNet? ➬ #StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity, and security.    What is the reason behind this dump? ➬ The price was reportedly influenced by #Ethereum infrastructure firm Nethermind and airdrop farmers dumping millions worth of the token.   Network Activity   ➬ It also saw a 90% decline in its user count within a week. ➬ The user count falls from 226,000 to 25,000 by February 20, 2024.   ➬ Average Fees: 0.55   ➬ TPS (Transactions Per Second): 14.66, Peak TPS: 43   Token Stats    ➬ When it got listed on #Binance    , at its peak price, its FDV was $77 billion , currently its FDV is $18.5 billion.   ➬ Market Cap: $1,346,790,833   ➬ 7.28% of its total supply is in the market.

3 days ago
RDV1970
RDV1970
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Nigeria’s Crypto Crackdown....😱😱 To combat financial crimes associated with the digital asset industry, Nigeria has escalated its regulatory scrutiny of major cryptocurrency exchanges, including Binance and Coinbase.  According to a local media report, the African country has asked its telecommunications companies to restrict access to the websites of these crypto firms after the Central Bank of Nigeria (CBN) issued guidelines to regulate the activities of digital asset operators. The Central Bank of Nigeria had a change of stance in December 2023, instructing banks to disregard the previous ban on crypto transactions imposed in February 2021.  The latest restriction on crypto websites aims to slow down currency speculation activities within the country. Binance clarified that its platform is not intended for currency pricing after users complained about the inability to purchase dollars. While no specific timeline is provided for the restriction, the NCC’s directive is expected to take effect immediately. Similar measures were implemented when Nigeria blocked access to Twitter in 2021... As regulatory pressure on crypto exchanges in Nigeria intensifies, the crypto community awaits further developments and potential responses from Binance, Coinbase, and other affected platforms. The government’s efforts to crack down on crypto transactions and currency speculation continue to shape Nigeria’s digital asset industry landscape.

3 days ago
Bitcoinworld
Bitcoinworld
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To become a successful investor, you must evaluate the performance of cryptocurrencies before investing in them. This article will look into three leading crypto assets – Cardano (ADA), The Graph (GRT), and Algotech (ALGT). While ADA and GRT are long-standing cryptos, ALGT is a newly launched project. However, the growth rate of Algotech (ALGT) has stolen all the limelight. Its ongoing presale has attracted a large number of small and big investors.   Cardano (ADA) Reaches New NFT Milestone Cardano (ADA) has grown significantly in the non-fungible tokens (NFTs) space. As per the data from CryptoSlam, the NFT sales on the Cardano (ADA) network have increased by 100% in the past week. The data showed that Cardano’s (ADA) NFT sales volume was more than $1.6 million. The total value locked (TVL) of Cardano (ADA) has also surpassed $400 million. Therefore, Cardano’s (ADA) rank, by TVL, has jumped from 34th to 13th. Thus, the price of Cardano (ADA) has moved northward. On the monthly price chart, Cardano (ADA) is up by 18%. Consequently, the current trading price of Cardano (ADA) is $0.58.   The Graph (GRT) Surges After Quarterly Report The last week brought a staggering 46% increase in the price of The Graph (GRT). Consequently, the trading price of The Graph (GRT) currently stands at $0.27. The Graph (GRT) has witnessed this rise after its recently published Q4 2023 report. The Graph’s latest report shows several new updates in the GRT ecosystem. As per data, The Graph (GRT) has recorded a 65% QoQ rise in transaction volume. Besides, The Graph (GRT) has also made efforts to simplify billing and payments to enable a Free Query Plan for free monthly queries. Moreover, to streamline the creation of technical plans and grant proposals, The Graph (GRT) has launched the Technical Advisory Board.   Algotech (ALGT) Presale Strikes Big The practice of algorithmic trading is dominating global trade. A report’s findings have suggested that the market size of automated algo trading can grow at a CAGR of 10.6% by 2032. Thus, a new blockchain project, Algotech (ALGT), has launched a novel trading platform. This algo-based trading platform will come with smart technologies like machine learning and artificial intelligence. Thus, Algotech (ALGT) aims to analyze a multitude of data to identify the perfect investment options for traders. It will list multiple trading pairs as well, by partnering with leading cryptocurrency exchanges. Algotech (ALGT) also provides arbitrage services. This enables its users to benefit from the price differences between diverse crypto exchanges. Moreover, users can copy the successful trade strategies of professional and expert traders. Thus, Algotech (ALGT) also promotes social trading. Due to these growth opportunities, investors are rallying behind the presale of Algotech. ALGT will be the native token of the platform. Notably, the presale Algotech (ALGT) token owners can win multiple giveaways. The platform will give gifts like Apple Watches, iPads, VIP tickets to a blockchain event in Dubai, and many more. The token owners will also get governance rights on the platform. The ALGT presale has already recorded a sale of over 15 million tokens within days of its launch. Moreover, it has secured more than $612,000. At press time, you can lock an ALGT token for just $0.04. Meanwhile, experts have predicted that Algotech’s (ALGT) value can go up by 275% to reach $0.15 before the end of the presale phase. Learn more: Visit Algotech Presale Join The Algotech Community The post Cardano (ADA), The Graph (GRT) Network Upgrade; Algotech (ALGT) Presale Is The Best Crypto In 2024 appeared first on BitcoinWorld.

2 days ago
CryptoNewsLand
CryptoNewsLand
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Innovation and disruption remain ever-present in the cryptocurrency market, and the recent surge of Retik Finance has seized the attention of investors globally. With its value skyrocketing by an impressive 400%, Retik Finance (RETIK) is rapidly establishing itself as a significant competitor to Solana (SOL), one of the market’s leading blockchain platforms.  This article explores the catalysts fueling Retik Finance’s meteoric ascent, its potential to rival Solana’s dominance, and the broader implications for the cryptocurrency market as a whole. The Emergence of Retik Finance (RETIK): A Threat to Solana’s Position In recent months, Retik Finance (RETIK) has surged forward, presenting a formidable challenge to Solana’s entrenched market dominance. As it wraps up its presale in stage 10, with tokens priced attractively at $0.12, Retik Finance is poised to disrupt the status quo, as it witnesses an impressive 400% uptick. This surge empowers Retik Finance, leaving investors anxious as Retik Finance takes up a challenge to potentially surpass SOL’s established market position. The project’s multifaceted ecosystem, comprising secure non-custodial frameworks, staking, lending, borrowing, and enticing yield farming opportunities, underscores its potential as a significant competitor to Solana.  With such a robust offering, Retik Finance (RETIK) is positioning itself as a potent “Solana killer,” aiming to redefine the landscape of decentralised finance and capture the attention of investors seeking innovative and lucrative opportunities within the cryptocurrency space. Analysing Retik Finance’s Value Proposition Retik Finance’s surge in value is not merely a result of speculation but is grounded in its robust value proposition. By prioritising security and user privacy through state-of-the-art measures such as non-custodial wallets and optional two-factor authentication, Retik Finance addresses critical concerns within the crypto community. Moreover, its user-friendly interfaces and intuitive design make DeFi activities accessible to a broader audience, levelling the playing field for both experienced users and newcomers alike. The Role of Centralised Exchanges in Retik Finance’s Ascendancy A significant catalyst driving Retik Finance’s ascent is its impending listing on two major centralised exchanges in the third quarter of 2024. This strategic move is expected to amplify Retik Finance’s visibility and accessibility, attracting a broader base of users and investors. With greater liquidity and exposure, Retik Finance is poised to cement its position as a prominent player in the crypto market, posing a direct challenge to Solana’s dominance. Challenges and Opportunities: Navigating the Crypto Market Dynamics While Retik Finance’s surge has instilled a sense of anxiety among investors as they see it as a potential Solana killer, it also presents lucrative opportunities for those willing to embrace the platform’s potential. As the crypto market continues to evolve rapidly, opportunities for innovation and disruption abound. Investors must carefully navigate these dynamics, balancing the potential for high returns with the inherent risks associated with emerging projects like Retik Finance. Analysts’ Projections: The Path Forward for Retik Finance (RETIK) Market analysts are overwhelmingly optimistic about the future of Retik Finance, foreseeing a potential surge of up to 5000% in the months ahead. This projection is underpinned by Retik Finance’s expansive ecosystem and its proactive growth strategy, which positions it as a formidable challenger to Solana’s current market dominance while simultaneously solidifying its presence within the decentralised finance (DeFi) sphere. Yet, the realisation of these ambitious goals hinges on the continuous pursuit of innovation, forging strategic alliances with key industry players, and fostering active community involvement. By navigating these avenues effectively, Retik Finance can sustain its upward trajectory and establish itself as a prominent player in the cryptocurrency landscape, offering investors compelling opportunities for growth and diversification within the burgeoning DeFi sector. Conclusion: Embracing the Potential of Retik Finance (RETIK) The surge of Retik Finance (RETIK) and its potential to challenge Solana’s dominance signals a new chapter in the evolution of the crypto market. With its innovative features, commitment to security, and aggressive expansion strategy, Retik Finance represents a significant opportunity for investors seeking exposure to the burgeoning DeFi sector. While challenges and uncertainties remain, the future looks promising for Retik Finance (RETIK) as it seeks to redefine the boundaries of decentralised finance and reshape the crypto landscape. As investors navigate these exciting developments, one thing is certain: the crypto market waits for no one, and those who dare to seize the opportunities presented by projects like Retik Finance stand to reap the rewards of their foresight and conviction. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance The post Investors anxious as ‘Solana Killer’ token sees 400% uptick, challenging SOL’s market position appeared first on Crypto News Land.

3 days ago
Coinfomania
Coinfomania
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BitMex’s founder, Arthur Hayes, may have shilled eight tokens for the upcoming bull run. In a blog post on Thursday, he stated that his attention has been drawn to these shitcoins, and he could write more about them in the coming months. Hayes pushed certain narratives in his blog post and stated the tokens that would benefit from them. He, however, indicated that he doesn’t care if investors dive into the shit coins or not, just that he “presents such a provocative story and supporting arguments that you discuss it in a positive or negative manner with others.” New Narratives for the Bull Run According to Hayes, retail derivative trading volume would shift from centralized exchanges (CEXs) to decentralized exchanges (DEXs). He stated that projects like dYdX, GMX, and possibly another challenger would help drive this narrative. Furthermore, the BitMEX founder noted that the launch of ETH staking would spark a surge in interest rate swap trading volume across decentralized finance (DeFi), and he sees Pendle heading that narrative. Notably, Hayes stated that Tether and any other stablecoin that uses TradeFi Bank for fiat custody would face pressure during this bull cycle. He alleged that a project like Ethena, which does not rely on TradeFi, will become the top USD-pegged stablecoin. Other tokens that Hayes mentioned as his focus for the bull run include Krav, Flare, and Elixir. Focus on Altcoins “Right now, the energy and attention is on the astonishing amount of Bitcoin the US-listed spot ETFs are accumulating. This, along with a global fiat debasement orgy, will drive Bitcoin to unfathomable heights in fiat currency terms. And the upcoming US-listed Ether ETF will drive Ether prices higher as well. I’ve got my Bitcoin and Ether. I might buy a bit more, but by and large, my focus is shifting to shitcoins,” Hayes said. The BitMex founder acknowledged the potential of Ethereum and Bitcoin in the coming bull run but stated that he is looking for tokens that would outperform them. He noted that he could achieve that through knowledge and telling more stories like this. The post Arthur Hayes Picks These Eight Altcoins for the Crypto Bull Run appeared first on Coinfomania.

3 days ago
ZyCrypto
ZyCrypto
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Charles Hoskinson, the founder of Cardano, has issued a stark warning about the dangers of centralization in the cryptocurrency industry. Speaking during a live broadcast titled “Legacy is Eating Crypto” on Monday, Hoskinson cautioned that the growing influence of a small number of powerful actors could undermine the core principles of cryptocurrency, such as decentralization, privacy, and equality. Notably, the pundit highlighted the rapid growth of stablecoins, such as Tether (USDT) and USD Coin (USDC), which now account for approximately 70% of all on-chain transaction volume. According to Hoskinson, these stablecoins, backed by traditional assets, are subject to the regulations of their jurisdictions and central issuers, creating potential vulnerabilities and centralization risks. “USDT and USDC…are asset backed which means that there’s a central issuer. There is a company who is regulated in a jurisdiction subject to that jurisdiction’s rules and regulations, and whatever that jurisdiction wants to put upon that company, permissive or otherwise, they are subject to it cannot get out of it,” said Hoskinson. In contrast, Hoskinson advocated for algorithmic stablecoins, which are not backed by traditional assets and operate decentralised. Notably, algorithmic stablecoins, such as DAI, maintain their value through algorithms and smart contracts without relying on a central issuer or traditional assets. However, the crypto market has been cautious since the TerraUSD (UST) de-pegging incident in May 2022, which raised concerns about their safety and caused a ripple effect on the broader crypto market. Despite the risks, algorithmic stablecoins offer advantages such as decentralization, autonomy, and potentially higher yields. Developers have thus been improving their design and functionality, positioning them as a potentially significant force in the cryptocurrency market. Hoskinson also criticized the increasing power of a small number of Legacy actors, including centralized exchanges, regulated institutions, and ETF holders like BlackRock, who control a significant portion of the value flow in the cryptocurrency market. He argued that these entities have the power to decide the future of cryptocurrency projects, as they can influence listings, liquidity, and regulatory compliance. “As more of these Legacy actors come in, they’ll acquire more and more of the supply. They already have a fifth of what Satoshi has,” Hoskinson added. “10 Legacy regulated institutions control the vast majority of your value flow and also get to decide the future of all of these projects.” That said, Hoskinson emphasized the importance of preserving the core values of cryptocurrency, including freedom of association, commerce, and expression, and the need to resist the encroachment of legacy actors in the industry. He further urged the community to remain vigilant and to consider the long-term consequences of centralization and the potential erosion of the core values of the cryptocurrency movement. Notably, Hoskinson has consistently advocated for decentralization, even as Cardano continues to receive improvements aimed at promoting security, scalability, and sustainability while empowering users and developers with greater control and autonomy.

3 days ago
Kri
Kri
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A cryptocurrency trader turned $50.98 into approximately $10,900 in two hours, speculating in a recently created token. The trading occurred on February 21 against Solana (SOL) using its DeFi ecosystem. Lookonchain spotted what it deemed to be “unbelievable” results, posting the accomplishment on X (formerly Twitter). Notably, this anonymous crypto trader realized over 21,000% gains with one purchase and six sellings of a token called NVDA. In this context, Finbold gathered data from DexScreener showing the trader’s ‘Buy’ and ‘Sell’ operations for NVDA/SOL on Raydium. First, a purchase worth $50.98 with 0.5 SOL at 0.00002816 SOL per NVDA. Followed by sell-offs worth $931, $1,633, $2,143, $1,734, $2,291, and $2,210. NVDA token and Raydium analysis Raydium (RAY) is Solana’s second-largest decentralized exchange by total value locked (TVL), with nearly $150 million locked by liquidity providers. Interestingly, this exchange moved $160.92 million in its 24-hour volume – surpassing the TVL, according to data from DefiLlama. In particular, NVDA is just one low-liquidity token that exists on this platform. Moreover, it was issued on the same day of the trade and has no special fundamentals to back further increases. Curiously, its name resembles NVIDIA Corp (NASDAQ: NVDA) stock, which has achieved large successes in the stock market. Therefore, it is possible that the token’s issuer could have benefited from investors’ confusion of its legitimacy. It is worth noting that anyone can issue a token with any ticker in these decentralized exchanges. Thus, investors must always cautiously research the asset’s origin before deploying meaningful capital. Additionally, recently issued tokens usually have low liquidity available. This makes it difficult for traders to realize meaningful gains when these gains rarely occur. Speculating on the cryptocurrency market, specifically on DeFi, is risky, uncertain, and not recommended for beginners. #Write2Earn

3 days ago
Crypto Web3 Today
Crypto Web3 Today
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Massive Ethereum Whale Makes Surprising Move After ETH Hit $3,000. Ethereum, the second-largest cryptocurrency by market capitalization, reached $3,000 again in early trading today, marking 81% yearly growth, according to CoinGecko data. In Tuesday's trading session, Ethereum briefly approached the $3,000 barrier, a peak last reached in April 2022, but was unable to climb much further. Bulls persisted in their efforts to keep ETH above $3,000, but their activities have yet to have the intended result, with ETH presently trading below this level. This scenario has played out over the last three days, including today. At the time of writing, ETH had risen 1.93% in the last 24 hours to $2,977. In an unexpected move, a massive whale decided to dump a large amount of ETH as the price made attempts at $3,000. According to on-chain analytics provider Lookonchain, a whale has dumped 16,597 ETH worth $48.7 million at $2,934 on decentralized exchanges (DEX) in the past 24 hours. The whale's move raised some eyebrows in the crypto community, as it could indicate bearish sentiment or a profit-taking strategy. It turned out to be a profit-taking strategy. Lookonchain reported that the whale made an approximate $5.5 million profit with this move, which saw millions worth of ETH deposited on exchanges. According to Lookonchain, the whale bought 16,599 ETH worth $43.16 million from the OKX crypto exchange via five wallets on Jan. 12, when the price was $2,600 and later sold when the ETH price reached roughly $3,000. Expectations are rising ahead of the highly anticipated Dencun hard fork, which is slated for March 13. In preparation for this event, Ethereum developers have released Geth v.1.13.13, a minor update that fixes various issues linked to the forthcoming Cancun mainnet fork. Alsages (v1.13.13) significantly increase block production performance for Cancun blocks with blobs, as well as overall memory stability across all Geth nodes.

3 days ago
CryptoGlobe
CryptoGlobe
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Have you ever found yourself at the edge of the digital currency ocean, wondering how to dive into the swirling currents of Bitcoin? It’s a common place to be as cryptocurrency becomes a staple of modern financial discussions. Just like any other form of trading, there’s a need to grasp the essentials before you make the plunge. Whether it’s setting up a digital wallet to store your coins or finding the right platform for exchange, each step lays the foundation for a seamless experience. For many, dipping a toe in begins with a simple google of Bitcoin buy to survey the expanse of buying options and educational resources available. Discovering the basics of Bitcoin and its marketplace Bitcoin, often hailed as digital gold, carries an allure that draws in a multitude of curious individuals. It’s a decentralized currency, operating without the need for a central bank, over a network that’s both robust and inscrutable. This independence from traditional financial systems is what makes Bitcoin quite the catch for those looking to navigate the high seas of digital money. But before embarking on this voyage, it’s crucial to understand the markets. Fluctuations in Bitcoin’s value can be as unpredictable as the ocean tides, and learning to chart these movements is key to success. First steps to purchasing Bitcoin: setting up a wallet and choosing an exchange Every treasure needs a chest, and in the world of cryptocurrency, your treasure chest is a digital wallet. There’s a variety of wallets available, from software wallets that make daily transactions easy to hardware wallets that act like a personal vault. Once you’ve secured a place for your Bitcoin, the next point on the map is finding a suitable exchange. A good exchange is like a trusted port; it’s a gateway to the market and offers a place to trade confidently. Make sure it ticks all the boxes for security, user-friendliness, and support. After pairing your wallet with a reputable exchange, you’ll be ready to embark on your buying journey. Knowing the right time to buy: analyzing market trends without getting swamped Timing is everything in the open waters of Bitcoin trading. Catch the wave too late, and you might miss out on a profitable swell. Make your move too early, and you could find yourself paddling through a downturn. To navigate these waters effectively, many turn to market trends and analysis. Watching the flow of the market unfolds like an ongoing conversation, with prices responding to global events, technological advancements and shifts in investor sentiment. The ebb and flow of buy and sell orders can signal the best times to enter or exit the market if read correctly. Exploring the depths of cryptocurrency exchanges Choosing an exchange is akin to selecting the right vessel to traverse treacherous waters. A strong and reliable ship will keep you safe during storms and when seas are calm. An exchange’s security should be ironclad, able to protect your digital assets from the pirates of the cyber world. Liquidity is another significant factor; it ensures that your transactions are completed without delay, like a good wind that keeps your sails billowed. Additionally, user experience is the compass that guides you; an exchange should be navigable, letting you steer your trades with clarity and confidence. The art of secure digital asset trading In the world of cryptocurrencies, the golden rule is to secure your fortunes. Good password management and activating two-factor authentication (2FA) act as the armored hulls and canons against invaders. But dangers also lurk in deceptive emails and websites, just as storms conceal treacherous rocks. Phishing attempts and scams require a vigilant eye to avoid the fates of those who have watched their digital gold slip into the abyss. For security beyond the basics, consider cold storage or hardware wallets as the trusted islands where you can anchor your wealth away from potential threats. Setting sail on the crypto market Your journey in the crypto market will involve more than just favorable winds; it needs savvy navigation, too. Setting clear trading goals can be your North Star, guiding each decision with purpose and direction. A wise sailor knows the importance of diversification, as relying on a single trade wind can be risky. By diversifying your holdings, you can better weather the storms of market volatility. And it’s not just about selecting different cryptocurrencies. Effective use of charts and technical analysis serves as the map that reveals underwater currents, helping you to make informed choices en route. From understanding the tides of Bitcoin buying to charting a course in the volatile waters of the crypto markets, your journey will be one of constant learning and adaptation. Just like the ocean’s vastness, the opportunities and challenges in cryptocurrency are boundless. Keep your hand steady on the helm, your eyes on the horizon, and your sails ready to capture the winds of digital change.

3 days ago
Coinpedia
Coinpedia
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The post INJ and XLM Show Decent Price Trend While Borroe Finance Could Explode to Greater Highs appeared first on Coinpedia Fintech News Try newer tokens if you are looking for cryptocurrencies with high-ROI potential in 2024. Established altcoins like Injective (INJ) and Stellar (XLM) currently range in a bullish trajectory. However, a hot new token called Borroe Finance ($ROE) promised to deliver a massive ROI to investors this year. Keep reading to see expert forecasts and opinions on these tokens.    >>BUY $ROE TOKENS NOW<< Injective Records Multiple Ecosystem Wins in Q1 2024 On February 18, Injective revealed that it had implemented multiple network improvements in the year’s first quarter. According to Injective’s team, the blockchain has completed the Volan upgrade, approved an Omnichain domain and improved gas compression. In addition, recent crypto news revealed that Injective Launchpad Beta is live, meaning INJ holders can now participate in alpha quests and earn INJ rewards. As a result of these positive ecosystem developments, Injective stayed bullish in the third week of February. On February 11, INJ traded for $36.54. A week later, INJ gained 5.16% and traded for $38.43. According to experts, Injective’s network improvements will attract investors in the coming weeks, and INJ will likely record a significant price surge. Therefore, analysts believe that INJ will trade for $45.50 by April.    Stellar Invites Blockchain Fun Seekers to Denver On March 1, the ETH Denver Blockchain Conference will be held in Colorado, and Stellar will be represented at this event. However, there’ll be an afterparty for this event, and Stellar recently announced that it will be the host. On March 2, Stellar will team up with EasyA (a hiring firm for blockchain developers) to host the event’s closing party. According to the announcement, there will be drinks, opportunities for networking and an awards ceremony. Thanks to ecosystem excitement, XLM surged in mid-February. On February 11, XLM traded at $0.1121. A few days later, XLM gained 2.99% and traded for $0.1155. According to analysts, XLM will likely go on a bull run and trade for $0.1350 thanks to Stellar’s publicity stunt. This ETH Denver event will attract eyes from all over the crypto industry, and savvy investors will eventually consider top altcoins like XLM for their investment portfolio.      $ROE: Powering A New Decentralized Web3 Fundraising Marketplace Even though the barrier to entry in the web3 industry is shallow, new DeFi projects still struggle to survive their first few years. According to experts, lack of access to liquidity is one of the reasons why web3 projects don’t survive. Luckily, developers created Borroe Finance to solve this problem. Borroe Finance is an AI-powered fundraising marketplace that allows web3 businesses to access flash loans by selling future earnings at a discount. $ROE’s fourth presale stage is ongoing, and the token is selling for $0.019. After all the presale stages conclude, $ROE will be listed on major crypto exchanges and sold for $0.040. According to crypto analysts, this bullish $ROE price movement will result in a massive 110.5% ROI for early investors. Furthermore, experts have predicted that $ROE will enjoy quick market adoption and likely surge to $0.190 before the end of the year.     Learn more about Borroe Finance here: Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

3 days ago
Van00sa
Van00sa
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Introduction: In the world of cryptocurrency, few things are as enticing as the prospect of acquiring free tokens through airdrops. These distributions, often used as a marketing tool, present an opportunity for users to grow their crypto holdings without financial investment. In this article, we'll dive into the concept of farming airdrops, providing beginners with a comprehensive guide on how to navigate this exciting aspect of the crypto world. Understanding Farming Airdrops: Farming airdrops involve the strategic acquisition of free tokens distributed by crypto projects. These distributions serve various purposes, including marketing initiatives to promote new projects or reward loyal users within the crypto community. Step-by-Step Guide for Beginners: 1. Set Up Your Wallet: - Begin by selecting a reliable cryptocurrency wallet that supports the tokens you intend to farm. Whether using a browser extension wallet like MetaMask or a hardware wallet, ensure it's securely set up and exclusively dedicated to airdrops. 2. Follow Social Media Channels: - Stay up to date with upcoming airdrops by following the official social media accounts of crypto projects. Platforms like Twitter and Telegram often serve as primary channels for airdrop announcements. Join community groups and subscribe to newsletters to stay informed. 3. Participate in Airdrop Campaigns: - Engage in airdrop campaigns by completing tasks set by the crypto project. Tasks may include following social media accounts, sharing posts, joining Telegram groups, or referring friends. Active participation increases your chances of receiving airdropped tokens. 4. Monitor Your Wallet: - Regularly check your wallet address on a blockchain explorer to verify the crediting of airdropped tokens. This step ensures you don't miss out on distributions and allows you to track your airdrop earnings effectively. 5. Participate in Token Swaps: - Some airdropped tokens may not have immediate utility or value. Utilize decentralized exchanges (DEX) to swap these tokens for more established cryptocurrencies, maximizing their potential. 6. Explore Yield Farming Opportunities: - Consider participating in yield farming to optimize your gains. Yield farming entails providing liquidity to decentralized finance (DeFi) platforms in exchange for rewards. Conduct thorough research and select projects aligned with your investment goals and risk tolerance. 7. Stay Informed About Token Airdrop Policies: - Each project may have distinct policies regarding airdrops, including eligibility criteria and distribution timelines. Stay informed about these policies to ensure compliance and maximize your chances of receiving airdropped tokens. 8. Secure Your Assets: - As you accumulate airdropped tokens and engage in DeFi activities, prioritize asset security. Use a physical hardware wallet such as Trezor or Ledger for long-term storage, implement two-factor authentication (not SMS authentication due to risk of sim swapping), and remain vigilant against phishing attempts. Conclusion: Farming crypto airdrops is a rewarding strategy to expand your crypto portfolio without financial investment. Remember to prioritize security, conduct thorough research, and remain vigilant to maximize rewards and minimize risks. Sign Up Now to farm airdrops! #airdrop #crypto #portalcoin #Portal #TrendingTopic - Vanessa Sierra

3 days ago
Crypto Breaking
Crypto Breaking
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Ripple has always been subjected to claims of manipulating the price of XRP and its natural growth by selling coins. As the cryptocurrency’s largest holder, Ripple has faced constant criticism about the amount of XRP it holds, with detractors arguing it gives them too much control and influence over the price.  Particularly, there’s been some drama swirling around the altcoin lately and claims that Ripple has been manipulating the market and systematically dumping its large holdings. This has come in light of a large transfer of 60 million XRP tokens from Ripple to an unknown wallet address.  Ripple Accused Of Dumping XRP And Manipulating Market Whale transaction tracker Whale Alerts recently posted on social media a transfer of 60 million XRP worth $34 million from a Ripple-controlled wallet address into a private address. A further look shows that the private recipient wallet currently holds over 138 million XRP worth $75.5 million, with this same address receiving 80 million XRP from Ripple on February 11. 60,000,000 #XRP (34,088,291 USD) transferred from #Ripple to unknown wallethttps://t.co/zfHG8o0Bbo — Whale Alert (@whale_alert) February 20, 2024 At the time of writing, Ripple controls about 6% of the current circulating supply. Therefore, it is only natural that large transactions like this from Ripple would generate waves in the market and lead to speculations. Consequently, the large transfers have reignited claims of Ripple selling its holdings amidst ongoing consolidation in the price of XRP. In addition, debates regarding XRP’s programmatic sales have resurfaced, as history shows this isn’t new to Ripple. According to details shared by a social media user, Jim_Knox, Ripple allegedly delivered XRP to three market makers in 2017 for the purpose of market sales, which resulted in a price suppression of the cryptocurrency during that particular period. Furthermore, recent accusations have taken root of Ripple using what it called the 4t and 6t bots to execute programmatic sales to exchanges.   Ripple CTO Addresses Concerns Ripple CTO David Schwartz took to a social media thread to address the rumors of price manipulation. An XRP community member had shared a meme suggesting that Ripple’s 4t and 6t bots have always prevented the price of XRP from increasing, keeping it at the $0.50 level.  However, Schwartz pointed out that Ripple has discontinued the programmatic sales of XRP, with the company only selling its holdings through ODL transactions. The ODL transaction method is Ripple’s unique payment solution that offers instantaneous cross-border transactions. On the other hand, concerns regarding the recent large transactions from Ripple to unknown wallets are yet to be addressed, and it all remains speculative at this point. XRP is trading at $0.5463 at the time of writing, down by 0.50% in the past 24 hours but still maintaining a meager 2% gain in a 30-day timeframe. Recent transaction alerts from Whale Alerts have shown large amounts of XRP leaving private wallets to crypto exchanges, hinting at potential selloffs.   Token price stalls at $0.54 | Source: XRPUSD on Tradingview.com Featured image from U.Today, chart from Tradingview.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Is Ripple Dumping Millions Of XRP? CTO Addresses Reasons Behind $34 Million Transaction appeared first on Crypto Breaking News.

3 days ago

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