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Bitcoinist
Bitcoinist
Top Crypto Presale Scorpion Casino: How to Make $5 Million in Online Gaming | Bitcoinist.com
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
CoinsRadar_Net_币市雷达
CoinsRadar_Net_币市雷达
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A quick look at the popular currency circles in 3 hours (from CoinsRadar.net): Big news! The former currency circle boss will be sentenced! Is virtual currency just a dream after all? Sam Bankman-Fried (SBF) (Bankman-Fried), the founder of the cryptocurrency exchange FTX, a former currency tycoon and a global billionaire, may face 110 years in prison. Live the rest of your life. According to media reports, on the evening of November 2, local time, the jury found FTX guilty of seven charges including wire transfer fraud, conspiracy to commit fraud, and conspiracy to commit money laundering. SBF was ultimately convicted on all charges. Bankman Fried is a 30-year-old young man with an amiable appearance, often called SBF in the circle. In March 2022, his net worth reached nearly 190 billion yuan, and he was called the "genius richest man" in the industry. However, in November last year, FTX, the once leading cryptocurrency exchange, went bankrupt and declared bankruptcy. The book wealth of this legendary tycoon in the currency circle also dropped to zero. Later, Bankman Fried was extradited to the United States to face criminal charges filed against him by the U.S. judicial department and stand trial. But following his collapse, there were countless virtual currency players who liquidated their positions! Virtual currency has become a street rat! 1. The mainstream virtual currencies currently on the market are all in the hands of Western wild capitalists and are not endorsed or protected by any official bank! It rose and fell sharply within 24 hours. . If you don’t believe me, take a look at the picture below: None of these mainstream virtual currencies are issued by the state. They are all published by individual programmers themselves. Skyrocketing prices! There is no pattern at all! For example, Musk said, "Dogecoin is the people's currency." In an instant, Dogecoin skyrocketed. Obviously, those Western capitalists who have mastered a large number of virtual currencies. You can control the "trading volume" at will! To control the rise or fall of "price"! What they want to make is naturally to cut leeks from retail investors around the world. Fundamentally speaking, virtual currency is a Ponzi scheme, which is essentially just a sharp knife for "cutting leeks". So far, no central bank is willing to endorse virtual currencies! In the final analysis, for any country, its own monetary sovereignty is the top priority! No ordinary person can challenge the monetary sovereignty of his or her country!Not to mention the United States, which is the country least likely to support and endorse virtual currencies! If the United States gives a platform to Bitcoin, it will be equivalent to giving up the transcendent status of the US dollar. In the future, other countries will engage in global trade and business. They all switched to using virtual currency for settlement, bypassing the U.S. dollar. In the final analysis, virtual currency has no national credit endorsement and no legal protection. It can only be an anarchic carnival and wealth illusion. In other words, sooner or later it will be completely shattered and become worthless.

3 days ago
Cryptopolitan
Cryptopolitan
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The cryptocurrency market is buzzing with excitement as experts predict a potential surge reminiscent of Shiba Inu for the new crypto sensation, Retik Finance. Priced at just $0.12 and already experiencing a fourfold increase, Retik Finance has captured the attention of investors and analysts alike.  The Rise of Retik Finance (RETIK) Retik Finance has emerged as a dark horse in the cryptocurrency market, defying expectations and garnering widespread attention with its meteoric rise. Priced at a mere $0.12, Retik Finance has already experienced a remarkable fourfold increase, signaling its potential to deliver significant returns to early investors. The surge of Retik Finance can be attributed to a combination of factors, including its innovative solutions in the decentralized finance (DeFi) space, strategic initiatives to foster community engagement, and favorable market dynamics conducive to its growth trajectory. As Retik Finance continues to gain momentum and recognition, experts predict a Shiba Inu-like surge, propelling it to new heights in the cryptocurrency landscape. Retik Finance is presently in its 10th presale phase, showcasing the project’s ongoing development and engagement with investors. Furthermore, the platform has undergone a comprehensive audit conducted by Certik, a renowned blockchain security firm, which has validated the reliability and integrity of the platform. Additionally, Retik Finance’s strategic endeavors, such as its recent $333,000 giveaway event, have been instrumental in driving active community engagement and encouraging investor participation. Similarities to Shiba Inu: A Tale of Two Tokens The parallels between Retik Finance and Shiba Inu are striking, drawing comparisons between the two tokens and their respective trajectories in the cryptocurrency market. Like Shiba Inu, Retik Finance has captured the imagination of investors with its low price point and potential for exponential growth. Both tokens have leveraged strategic initiatives, such as community engagement and marketing campaigns, to drive interest and adoption. Furthermore, the surge of Retik Finance mirrors the rapid ascent of Shiba Inu, signaling its potential to replicate Shiba Inu’s success and deliver life-changing gains to investors. While differences exist between the two tokens, including their underlying technologies and ecosystems, the similarities between Retik Finance and Shiba Inu underscore the transformative power of low-priced tokens in the cryptocurrency market. Factors Driving the Surge of Retik Finance (RETIK) Several key factors contribute to the surge of Retik Finance and its potential for continued growth and adoption in the cryptocurrency landscape. Firstly, Retik Finance’s innovative solutions in the DeFi space, including futuristic DeFi debit cards, smart crypto payment gateways, and AI-powered peer-to-peer lending, have positioned it as a frontrunner in the industry. Additionally, Retik Finance has undergone a thorough audit conducted by Certik, a reputable blockchain security firm, affirming the platform’s reliability and integrity. Moreover, Retik Finance’s strategic initiatives, such as its recent giveaway event valued at $333,000, have played a pivotal role in fostering community engagement and motivating investor participation. With these factors in mind, experts remain bullish on Retik Finance’s potential for further growth and adoption, projecting a Shiba Inu-like surge in the near future. Challenges and Opportunities Ahead Despite the promising outlook for Retik Finance, challenges and opportunities lie ahead as it navigates the complexities of the cryptocurrency market. Regulatory uncertainty, market volatility, and competition from established players pose potential hurdles to Retik Finance’s growth trajectory. However, the project’s innovative solutions, strategic initiatives, and growing community support position it favorably to overcome these challenges and capitalize on emerging opportunities in the DeFi space. By staying agile, responsive, and focused on delivering value to its users, Retik Finance can solidify its position as a leading player in the cryptocurrency landscape and continue to deliver life-changing gains to investors. The potential Shiba Inu-like surge of Retik Finance represents a phenomenon unfolding in the cryptocurrency market, capturing the attention of investors and analysts alike. Priced at just $0.12 and already experiencing a fourfold increase, Retik Finance has emerged as a dark horse with the potential to deliver significant returns to early investors. With its innovative solutions, strategic initiatives, and growing community support, Retik Finance is poised to replicate the success of Shiba Inu and carve out a niche for itself in the DeFi space. As experts predict a surge in Retik Finance’s value, investors are advised to conduct thorough due diligence and assess the risks and opportunities associated with this promising token.  About Retik Finance Retik Finance (RETIK) is a cutting-edge decentralized finance (DeFi) project revolutionizing global transactions with its innovative suite of financial solutions. Introducing futuristic DeFi Debit Cards, a Smart Crypto Payment Gateway, AI-powered Peer-to-Peer (P2P) lending, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet. 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

3 days ago
奔跑财经-FinaceRun
奔跑财经-FinaceRun
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South Africa intends to legalize cryptocurrency payments in the coming years and make them an intrinsic part of the local economy. South Africa has announced plans to integrate digital payments and cryptocurrencies into its financial structure to boost economic development for marginalized groups. The announcement was made in the country's 2024 budget, emphasizing the government's efforts to build a digital economy through active collaboration between the public and private sectors to strengthen financial innovation. The budget aims to provide more digital payment services to people in towns and rural areas who mainly use cash. These initiatives will provide local merchants with the infrastructure required for digital transactions, such as internet connectivity and point-of-sale systems. These efforts, starting with a pilot in Gauteng, aim to expand the acceptance and use of digital payments by consumers and businesses. regulatory standards South Africa intends to legalize crypto payments and make them an intrinsic part of the local economy in the coming years, starting with a regulatory framework for the industry. The country made cryptocurrencies an official financial product in 2022, similar to company shares or debt. The Intergovernmental FinTech Working Group (IFWG) will begin publishing comprehensive guidance in 2024, focusing on “stablecoins” and their practical applications. This work will complete a thorough review of the domestic stablecoin environment and develop regulatory recommendations that are consistent with global standards. In 2023, the Financial Sector Conduct Authority (FSCA) and the Financial Intelligence Center (FIC) began registering cryptoasset service providers following FATF-recommended changes to the FIC Act.

3 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
AZCoinNews
AZCoinNews
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Pantera Capital, one of the leading venture capital firms in the blockchain and cryptocurrency space, has published its latest monthly newsletter, in which it claims that the crypto market is entering a new bull market cycle that will last for another 18 to 24 months. According to Pantera, the current market conditions are favorable for crypto price growth, as several positive factors are converging, such as: The removal of some of the regulatory uncertainty that has been weighing on the crypto industry, especially in the US, where the SEC has approved the first Bitcoin exchange-traded fund (ETF) in October 2023, opening the door for more institutional and retail investors to access the crypto market.The halving of Bitcoin’s block reward, which is expected to occur in late April 2024, reducing the supply of new bitcoins by 50%. This is a historically bullish event for Bitcoin, as it creates a supply-demand imbalance that drives up the price. Pantera estimates that the halving will increase Bitcoin’s stock-to-flow ratio, a measure of scarcity, from 27 to 54, making it comparable to gold.The development of decentralized finance (DeFi) on Bitcoin, which is expanding the use cases and utility of the leading cryptocurrency. Pantera cites the example of Starknet, a layer-2 scaling solution that enables fast, cheap, and secure transactions on Bitcoin, as well as Arbitrum, a smart contract platform that leverages Bitcoin’s security and liquidity. Pantera also mentions the growing interest in real-world assets (RWAs) and their tokenization on the blockchain, which could create new opportunities for crypto investors and users. Pantera believes that these factors will create strong tailwinds for the next bull market, which it considers to be the fourth big cycle in crypto history. The previous cycles were: The first cycle, from 2009 to 2013, which saw Bitcoin emerge as a new form of digital money and reach a peak of $1,163 in November 2013.The second cycle, from 2013 to 2017, which witnessed the rise of altcoins, such as Ethereum, and the emergence of initial coin offerings (ICOs), as well as the first major crypto bubble and crash, with Bitcoin reaching a high of $19,783 in December 2017.The third cycle, from 2017 to 2021, which was marked by the development of DeFi, non-fungible tokens (NFTs), and stablecoins, as well as the adoption of crypto by mainstream companies, such as PayPal, Tesla, and MicroStrategy, and the second major crypto boom and bust, with Bitcoin hitting a record of $69,044 in November 2021. Pantera expects the fourth cycle to be driven by the maturation of the crypto industry, the innovation of new technologies and protocols, and the integration of crypto with the traditional financial system. Pantera’s investment portfolio reflects its bullish outlook on the crypto market, as it includes such projects as Starknet, Arbitrum, Near, Ondo, SynFutures, Circle, and others. Pantera concludes its newsletter by stating that “the absence of bad things” is a good thing for crypto, as it allows the market to focus on the positive developments and trends that are shaping the future of the industry. Source: https://azcoinnews.com/pantera-capital-crypto-is-entering-a-new-bull-market-cycle.html

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
CryptoNewsLand
CryptoNewsLand
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HBAR’s anticipated price surge to $0.578 showcases its potential amidst 2024’s dynamic crypto landscape. With a minimum price of $0.296 and an average of $0.340, HBAR exemplifies market resilience. Strategic partnerships by 2025 are poised to catalyze HBAR’s growth, driving the average price to an impressive $1.99. Hedera Hashgraph (HBAR) emerges as a beacon of innovation, set to redefine the landscape of blockchain technology and cryptocurrency. As we venture into 2024, the potential for HBAR’s growth and its impact on the market is both compelling and significant. With predictions pointing towards substantial price increases, Hedera HBAR stands on the cusp of a transformative period in its history. A Promising Outlook for 2024 The price of HBAR is forecasted to surpass the $0.578 mark, a milestone that reflects not only its growing acceptance but also confidence in its underlying technology. This optimism is grounded in its unique approach to blockchain technology, offering faster transactions, improved security, and enhanced scalability.  Such advancements position HBAR as a key player in the cryptocurrency realm, ready to tackle the challenges of market volatility with resilience and strategic acumen. Market Stability and Growth Potential Despite the inherent fluctuations within the cryptocurrency market, HBAR demonstrates a remarkable capacity for stability. Analysts project a minimum trading price of $0.296 and an average of $0.340, indicating a solid foundation from which it can ascend.  This stability, coupled with an upward trend that could see HBAR reach as high as $0.8823 by December 2024, lays the groundwork for sustained growth and profitability. HBAR $1 The anticipated strategic partnerships by 2025 are set to be a pivotal element in HBAR’s trajectory, promising to broaden its ecosystem and enhance its utility across various industries.  These partnerships are expected to not only extend HBAR’s reach but also cement its position as a leading cryptocurrency by potentially driving its average price to $1.99. Such collaborations will likely serve as a catalyst for innovation, further distinguishing HBAR in a crowded market. The Role of Hedera in the Crypto Industry Hedera’s approach to governance and its commitment to environmental sustainability further bolster HBAR’s appeal. By addressing some of the most pressing concerns facing blockchain technologies today, including energy consumption and efficiency, Hedera showcases its leadership and forward-thinking ethos.  This responsible stewardship is essential as cryptocurrencies continue to intersect with global priorities around sustainability. A Vision for the Future Looking beyond 2024, the future of HBAR in the cryptocurrency industry is bright. Its robust technological foundation, combined with strategic partnerships and a commitment to sustainability, positions Hedera HBAR as a catalyst for change.  As digital finance continues to evolve, HBAR’s role in shaping the future of transactions, governance, and security in the blockchain space becomes increasingly significant. Challenges and Opportunities Ahead As with any innovation, the path forward for HBAR is not without its challenges. Regulatory environments, competition from other cryptocurrencies, and the ever-present threat of market volatility are factors that will require careful navigation.  However, Hedera’s unique consensus mechanism and its proactive approach to partnership and community building provide a strong basis for overcoming these obstacles. Engaging the Community and Investors Hedera’s commitment to its community and investors remains a cornerstone of its strategy. Through transparent communication, regular updates, and a clear vision for the future, Hedera aims to not only retain but also expand its base of support.  This engagement is crucial for fostering a vibrant ecosystem where developers, businesses, and users can thrive. Conclusion: HBAR’s Promising Horizon As we look towards the future, the trajectory of Hedera HBAR is marked by both ambition and potential. With strategic initiatives in place and a clear vision for its role in the cryptocurrency market, HBAR is poised for unprecedented growth. Its journey from a novel blockchain solution to a leading digital currency exemplifies the transformative power of innovation, governance, and community engagement. The road ahead for HBAR is undoubtedly filled with opportunities. As it navigates the complexities of the cryptocurrency market, its unique strengths and strategic partnerships are expected to propel it to new heights.  The promise of HBAR lies not just in its potential for financial growth but in its capacity to contribute to a more efficient, secure, and sustainable future for digital finance. In conclusion, as Hedera HBAR charts its course through 2024 and beyond, it stands as a testament to the potential of blockchain technology to revolutionize the way we think about digital transactions and governance.  With a solid foundation, strategic vision, and an unwavering commitment to innovation, HBAR is not just navigating the future of cryptocurrency; it is helping to shape it. Read also: HBAR’s 2024 Outlook: Surpassing $0.2632 Amidst Crypto Evolution HBAR Price Prediction: Will Hedera Reach $10 Soon? When Will Hedera’s HBAR Token Surpass the $0.272 Mark in 2024? Hedera (HBAR) Price Analysis Aug Week 2 to 3 Hedera Pumps by 16% as FED Unveils HBAR Adoption for Micropayments The post What Drives HBAR to Reach $0.8823 in 2024? Unveiling the Factors Behind Its Rise appeared first on Crypto News Land.

3 days ago
深南路老九
深南路老九
followers

It's late at night, and Wall Street elites are about to go to work. Just now, some strong news came from the crypto market, two of which are positive, and one of which is neutral. I don't have time to go into details, so let everyone see it together! 1. The focus of institutions has turned to Ethereum. Since the beginning of this year, Ethereum has grown more than Bitcoin! Ethereum has gained more than Bitcoin this year amid speculation that a spot ETF could be launched. Auntie has already shown a positive trend this year, and everyone predicts the arrival of the next wave of exchange-traded funds (Ethereum ETF). 2. The Hong Kong government proposes a licensing system for stablecoins and over-the-counter crypto transactions! The Hong Kong government aims to submit a licensing bill on stablecoins and over-the-counter (OTC) crypto trading frameworks to regulate the cryptocurrency industry and strengthen investor protection. 3. Huobi HK applied for a virtual asset platform license in Hong Kong and is an independent operator of Huobi HK! Information from the official website of the Hong Kong Securities and Futures Commission (SFC) shows that “Huobi HK” submitted a formal application for a virtual asset trading platform to Hong Kong on February 20. The platform is operated by “HBGL Hong Kong Limited”. Regarding this news, the cryptocurrency exchange Huobi (HTX) has not yet issued any official statement. #BTC #ETH #热门话题

3 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
Crypto Insight
Crypto Insight
followers

In recent days, the price of Bitcoin has managed to stay above the $51,000 mark, despite the pessimistic outlook on the market. However, Tom Lee, a renowned market analyst, has expressed a bold prediction that the leading cryptocurrency could potentially reach $150,000 before the end of the year. This forecast comes amidst growing concerns over global regulatory developments and the overall direction of the blockchain industry. The future of cryptocurrency exchanges and the impact of new regulations on the market remain uncertain, casting a shadow over the industry's prospects. While some may view Lee's prediction as overly optimistic, it is important to consider the potential risks and challenges that the blockchain sector faces. The market's ability to sustain its current momentum and achieve such a significant price increase remains to be seen.

4 days ago
Crypto Daily™
Crypto Daily™
followers

Solana (SOL) recently saw significant activity from big-time investors who were strategically navigating the broader market downturn. On February 20, two Solana whales executed large-scale transactions, transferring a combined total of $115 million in SOL to the centralized exchanges BNB and Coinbase. The transactions, involving 712,000 and 372,999 SOL tokens, were quickly spotted by crypto whale-watching agencies. This move came as Solana (SOL) price experienced a dip, aligning with the wider crypto market's cooldown. Despite the market's challenging times, Solana's (SOL) trading volume soared beyond $3 billion, with its liquidity closely matched between buys and sells, showcasing the community's active engagement and resilience. The transfer of a substantial amount of SOL to Coinbase and BNB could suggest a readiness among some of the largest Solana (SOL) holders to cash out or diversify into other cryptocurrencies amidst fluctuating market conditions. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Solana (SOL) Witnesses Major Whale Activity and TVL Milestone Amid Market Fluctuations Despite the market-wide cooldown, Solana's (SOL) significant whale transactions and a notable milestone in its Total Value Locked (TVL) showed its underlying strengths and potential shifts in investor sentiment towards. Solana (SOL) whales made a bold move by transferring a staggering $115 million worth of SOL to two of the largest centralized exchanges, BNB and Coinbase. The transactions involved massive amounts of SOL tokens, with one whale moving 712,000 SOL to Coinbase and another transferring 372,999 SOL to BNB, and affected Solana's (SOL) daily trading volume, which exceeded $3 billion as buys matched pending bids. Big-league investors acted amidst a dip in Solana's (SOL) price, which sparked speculation about their real intentions. The timing and scale of whale transactions suggest a strategic play with the goal of capitalizing on the current price range or reallocating investment portfolios. While the true motives are being speculated, the market is closely watching whale moves to understand potential implications on Solana's (SOL) price and liquidity. Despite a recent decline in Solana (SOL) price, which has seen a 7% decrease over the past three days, the network's fundamentals appear strong. On a positive note, Solana's (SOL) TVL reached a new milestone, hitting $2 billion for the first time in over a year. This marked a significant recovery from the lows post-FTX collapse, fueled by renewed confidence in Solana's (SOL) ecosystem. However, the TVL has slightly retracted to around $1.9 billion since then, raising questions about the sustainability of this growth. The recent whale activity and TVL milestone are critical factors that could influence Solana's (SOL) price trajectory. While the immediate market reaction was mixed, these developments could have longer-term implications that are quite positive. The influx of substantial funds into exchanges and the achievement of a significant TVL milestone highlighted both the liquidity in the market for Solana (SOL) and the growing utility and adoption of the Solana (SOL) ecosystem. So given the current market dynamics and Solana (SOL) fundamentals, it's plausible to anticipate some volatility in the short term as the market digests these developments. But the increased investor activity and interest in Solana (SOL) provides a foundation for price stabilization and potential growth. One needs to monitor market sentiment, whale activity and fundamental indicators like TVL and trading volume to navigate Solana's (SOL) evolving landscape. As of now, predicting the exact future price of Solana (SOL) is challenging due to the volatile nature of the cryptocurrency market. However, the recent whale transactions and the milestone in TVL are likely to play a pivotal role in shaping investor sentiment and market dynamics in the coming weeks. Should the positive trends in TVL and network activity continue, they could counterbalance the current price dip, potentially leading to a gradual recovery in Solana's (SOL) price. Conclusion Solana's (SOL) whale transactions and a notable milestone in TVL underscore the dynamic and speculative nature of the cryptocurrency market. The movement of approximately $115 million worth of SOL to major exchanges like BNB and Coinbase by whales during a market-wide cooldown not only highlights the strategic maneuvers of large-scale investors but also signals potential shifts in market sentiment. Despite the immediate market reaction leading to a slight dip in Solana's (SOL) price, the underlying strength indicated by the surge in daily trading volume and the achievement of a $2 billion TVL milestone for the first time in over a year suggests a growing investor confidence and interest in Solana's (SOL) capabilities and future prospects. So it's evident that Solana's (SOL) network keeps attracting both retail and institutional investors with its innovative blockchain solutions. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

3 days ago
大饼侠
大饼侠
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🎉🎉The blockchain industry is making big moves again! According to Whale Alert monitoring, around 19:10 today, a heavyweight cryptocurrency transfer attracted the attention of the industry. 👀 This transfer involves 10,000,000 MATIC, worth approximately US$9,421,619. 💰💰This huge amount of money was transferred from the well-known exchange Kraken to an unknown wallet. 🔍🔍 While we remain neutral on the market, this large transfer certainly adds a bright light to the future of Bitcoin. ✨✨Let’s wait and see if there is a deeper story behind this transfer! 😂😂

7 days ago
换个角度看世界0
换个角度看世界0
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If you want to make money in altcoins, you must choose the right place, follow hot spots, follow strong bankers, and follow the trend! Some important currencies in the three popular sectors of this bull market: the second-layer ecological sector of the pie, the chain gaming sector, and the AI ​​sector Classification of various currencies in the AI ​​sector: 1. OpenAI founder investment: WLD: Worldcoin is a Crypto project founded by OpenAI founder Sam Altman. The price of WLD currency rose, reaching new highs all the way. ARKM: Arkham is an intelligent platform that provides information about the real-world entities and individuals behind crypto market activity. 2.AI video: RNDR, LPT, VRA RNDR: Render Network is a GPU computing network that allows users to use their RNDR tokens in exchange for additional computing power for rendering scenes in the cloud. LPT: Livepeer is a decentralized video streaming network that enables developers to build video streaming applications and produces a solution that can serve as the real-time media layer in the decentralized development (web3) stack. VRA: Verasity is a decentralized platform for content creators and viewers, aiming to create a fair and transparent system for them to tokenize their works and earn rewards for watching content. 3. Old AI hype: NMR, FET, AGI, OCEAN NMR: Numerai is a new hedge fund built by a network of data scientists using artificial intelligence technology. FET: Fetch.ai is a blockchain platform based on artificial intelligence and machine learning that allows anyone to share or trade data. AGIX: SingularityNET is a decentralized artificial intelligence platform and market. OCEAN: Ocean Protocol is a tool for the web3 data economy, providing developers with tools to build data markets, manage data NFTs and DeFi data tokens. 4.AI application: NFP, AI, XAI NFP: NFPrompt is an AI-driven UGC platform. AI: Sleepless AI is an AI-based virtual companion game that leverages AIGC and LLM to create rich story-based gameplay and organically developed interactions with characters. XAI: Xai is a permissionless Orbit Chain, bringing an innovative, game-centric layer 3 to the gaming industry. 5. Artificial Intelligence X Oracle: GRT, RLC GRT: The Graph is a decentralized protocol for indexing and querying blockchain data. Anyone can build and publish an open API called a subgraph, making on-chain data easy to query. RLC: iExec is a decentralized computing asset market based on blockchain. iExec Marketplace connects resource providers with resource users, allowing anyone to leverage or rent computing power, data sets and applications. 6. Domestic AI sector currencies: CTXC, MDT, IQ, RSS3 CTXC: Cortex is an open source public blockchain that seeks to solve one of the biggest challenges faced by blockchains like Bitcoin and Ethereum today – on-chain AI execution. MDT: The MDT ecosystem aims to provide data rewards to individual users while accelerating the adoption of blockchain in daily life through various innovations. IQ: IQ is the world's largest blockchain and cryptocurrency encyclopedia, with thousands of wikis on all topics and branches of knowledge in the crypto space. RSS3: RSS3 is the Web3 open information layer that builds open information for social, search, and artificial intelligence.

3 days ago
Crypto Daily™
Crypto Daily™
followers

Recently, the cryptocurrency market exhibited signs of consolidation and robust security: Bitcoin surged past the $50,000 mark to stabilize around $52,000, which was an indicator of a strong start to this month. Nonetheless, despite retail traders gradually re-entering with caution, activity tied to spot Bitcoin ETFs remained high, with BlackRock potentially overtaking MicroStrategy and emerging as the BTC largest holder. This period of consolidation coincided with insights from the recent research paper that identified theoretical attacks on Bitcoin and Ethereum's proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms as 'economically unfeasible'. But while the document emphasized that the execution of such assaults had become impractical due to high costs and logistical complexities, the decentralized crypto exchange, Fixedfloat, fell victim to a hack in the broader ecosystem. The DEX consequently lost around $26 million worth of BTC and ETH, which stirred up security concerns within decentralized platforms. Meanwhile, four selected altcoins among other emerging gems from crypto are now attracting attention from investors keen on leveraging opportunities for growth and innovation within sector: they're looking not just buy low but also potentially high return investments – all amidst an evolving backdrop where one can never predict with certainty what might happen next! Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Ethereum (ETH): A Glimpse into Its Market Dynamics and Future Trajectory With the market cap exceeding $3 billion, Ethereum (ETH) successfully avoids the SEC's classification as an unregistered security. The anticipation around Ethereum ETFs, potentially approved later this year, also adds to the positive market sentiment. As of February 2024, Ethereum's price hovered around $3,000, reflecting a resilient recovery and positive market sentiment. Price predictions for Ethereum (ETH) vary widely, with some forecasts suggesting a potential surge to between $3,224 and $17,944 by 2025. This wide range indicates both the optimistic outlook of some investors and the inherent unpredictability of the Ethereum (ETH) market. Ethereum's (ETH) roadmap includes significant network upgrades like Deneb and Cancun, aimed at enhancing scalability and interoperability. The successful implementation of Deneb and Cancun could make Ethereum (ETH) a front-runner in the eyes of developers and users, enhancing its long-term price potential. However, regulatory uncertainties and competition from other blockchains are challenging Ethereum's (ETH) dominance. Arbitrum (ARB): Enhancing Ethereum's Ecosystem Arbitrum (ARB), a layer-2 ()L2 scaling solution for Ethereum (ETH), aims to improve transaction efficiency and reduce costs. Despite experiencing a market downturn in September 2023, Arbitrum (ARB) showed resilience with strategic partnerships and developments bolstering its ecosystem. The integration with The Graph and the anticipation of Arbitrum's (ARB) mainnet launch could affect the price recovery and future growth. Arbitrum's (ARB) value stood at approximately $1.8 in early January 2024, with predictions for 2024 ranging from $2.43 to $4.46. These Arbitrum (ARB) forecasts are cautiously optimistic as altcoin's future is contingent on the successful deployment of its mainnet and further adoption within the Ethereum ecosystem. So the future of Arbitrum (ARB) hinges on its ability to enhance Ethereum's scalability and user experience. With 560 million ARB tokens reserved for future airdrops, Arbitrum (ARB) is poised to incentivize participation and foster a vibrant ecosystem. However, the competitive landscape of L2 solutions and the broader market volatility pose potential threats to Arbitrum (ARB). Optimism (OP): Navigating Highs and Lows Optimism (OP) recently made headlines with its fourth airdrop, distributing $41 million in OP tokens to NFT artists. Despite a near 12% drop from its all-time high, Optimism (OP) initiatives to reward community engagement and foster growth reflected a strategic approach to building its ecosystem. Optimism (OP) price experienced a significant fluctuation, reaching a high of $4.1 before facing a downturn. The Optimism (OP) volatility is another example of how strategic developments can change investor sentiment in the speculative crypto market. Optimism's (OP) trajectory will likely be influenced by its ability to maintain momentum in its airdrop strategy and further integrate with the Ethereum ecosystem. While the potential for growth exists, especially with continued innovation and community engagement, market dynamics and competition from other scaling solutions pose challenges to Optimism's (OP) long-term position. Algorand (ALG): Pioneering Future Finance Algorand (ALG), designed as an "Ethereum Killer," offers a platform for developing decentralized finance (DeFi) applications with higher speeds and efficiency. Despite facing challenges, including a significant price drop after the SEC's allegations, Algorand (ALG) showed resilience as its involvement in the OpenWallet Foundation and the issuance of digital euro on its platform highlighted its potential for diverse applications. With price predictions for 2024 ranging from $0.25 to $0.53, Algorand (ALG) market outlook appears cautiously optimistic. Technological advancements and increased adoption can boost Algorand's (ALG) recovery process and growth potential. If Algorand (ALGO) overcomes regulatory hurdles and capitalizes on its tech innovations, its will probably succeed in the long run. Algorand's (ALGO) move towards a more decentralized architecture and the introduction of consensus incentivization are steps in the right direction. However, Algorand (ALG) needs the market conditions to turn favorable to attract more users and developers. Conclusion Currently, the cryptocurrency market steers through a phase of consolidation and heightened security. This phase is identifiable by Bitcoin's stabilization and Ethereum's resilience against theoretical attacks. The recent hack of the decentralized exchange Fixedfloat accentuates this environment. Investors aiming to capitalize on potential dips are significantly focusing their attention towards advancements in Ethereum's (ETH) L2 solutions like Arbitrum (ARB), Optimism (OP), and Algorand (ALG). The market's dynamic nature stands highlighted by both Ethereum ETFs' awaited launch and other projects' strategic steps to augment their ecosystems via fund generation and community engagement. A broader trend of innovation and growth in the sector manifests through Ethereum (ETH), Arbitrum (ARB), Optimism (OP), and Algorand's (ALG) developments, presenting an opportune landscape for institutional as well as retail investment. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

3 days ago
Crypto Expert BNB
Crypto Expert BNB
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$MANTA $SOL $BNB 🔮 In the beginning of 2024, what are the four hidden gems that cryptocurrency would have? Here's a glimpse into their potential: 🔥1. Dymension (DYM) 🔄 Through the acquisition of listings on major cryptocurrency exchanges, Dymension (DYM) has rapidly increased its market capitalization, therefore consolidating its position in the cryptocurrency industry. Its revolutionary rollapp creation function and recent mainnet launch have garnered attention and praise. With the mainnet operational, Dymension aims to provide developers with the ability to construct scalable and decentralized apps seamlessly. Analysts foresee significant growth for Dymension (DYM) as it continues to gain momentum and execute creative solutions. 🔥2. Ondo (ONDO) 🌏 Ondo (ONDO) has expanded its footprint and market reach, notably through its relationship with Coinbase and strategic development into the Asia Pacific area. Despite regulatory hurdles in new markets, Ondo's forward-thinking strategy and alliances set the path for further expansion and success. 🔥3. XAI (XAI) 🎮 Xai (XAI) stands out in the cryptocurrency market for its unique focus on gaming and seamless integration with the Arbitrum layer-2 platform. Analysts project strong growth potential for Xai, although it faces challenges such as competition and regulatory concerns. However, these obstacles present opportunities for Xai to distinguish itself and establish long-term success. 🔥4. MANTA (MANTA) 🌀 Following the successful launch of Manta Network (MANTA), interest in the project has surged. Manta Network's novel modular Web3 infrastructure solutions simplify the process of developing and launching decentralized apps (dApps). With a focus on user acquisition and developer assistance, Manta Network is poised for sustainable growth and scal in the decentralized banking and Web3 apps space. These hidden gems showcase the potential for innovation and growth within the cryptocurrency landscape in 2024 and beyond. 🚀💎 #Write2Earn #TrendingTopic #BTC #ETH

4 days ago
Coinpedia
Coinpedia
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The post Bitcoin ETF Approved: Exploring the Next Big Catalyst For Crypto Bull Run 2024 appeared first on Coinpedia Fintech News Bitcoin kicks off the new year with a bang, soaring to a new high of $46,000. But here’s the real kicker – 2024 is not just any year; it’s a year of monumental events that have the entire market buzzing with anticipation.  While many analysts are throwing around bold predictions, some even predicted that the price of Bitcoin will reach $150,000 by the end of 2024. But why the hype? What’s driving these bullish forecasts? That’s exactly what we’re here to uncover.  In today’s article, we’ll dive into the major events lined up for 2024, the catalysts that could send the market into a frenzy. Bitcoin ETF Now, let’s talk about one of the bullish events of 2024, which is the Bitcoin Spot ETF. After a decade of anticipation, the SEC’s groundbreaking approval of 11 Bitcoin ETFs on January 10, 2024, marked a pivotal moment in cryptocurrency regulation.  Bloomberg’s bold forecast predicted an astounding $4 billion in trading volume on the first day, with $2 billion potentially flowing from BlackRock’s ETF. This opens a gateway for Bitcoin into the $45 trillion US stock market.  Before the approval, high-stakes gamblers flocked to Polymarket, wagering a staggering $12.6 million on the ETF’s fate. Those who bet “yes” are now celebrating their lucrative triumph. For a detailed understanding of Bitcoin ETFs, check out our informative video linked in the description. Bitcoin Halving Event So the next super bullish of 2024 is Bitcoin Halving, which comes every 4 years. After this event, it has been seen that Bitcoin broke its previous all-time high and created its new all-time high.  So if we go to history and see the price here, in the halving of 2012, Bitcoin was around $12. And after that halving, it was trading above $1000. Means straight 90X.  As the next halving approached in 2016, Bitcoin was worth $670. After the halving, it jumped to $19,700. Look at this: from 2012 to 2016, during the halving, Bitcoin went up from $1000 to $19,700. That’s a big jump! That is around 19.7X.  In 2020, during the last Bitcoin halving, the price was around $8787. After the halving event, it soared to an impressive $69,000. That’s a substantial increase, isn’t it? Now, if we look back from 2016 to 2020, specifically during the halving periods, the price climbed from $19,000 to approximately $69,000. That is around 3.6X.  Following this pattern, we can expect what will happen after the 2024 halving, we might see the Bitcoin value going up at least 3X. This means BTC can go from $140,000 to $150,000. If Bitcoin follows its past trends, it could reach at least $150,000 in 2024 after the halving, breaking its previous all-time high. But this year, in 2024, only Bitcoin halving is a minor event. In fact, going to happen, which are very major. And these events have been waiting in the market for a very long time. US Presidential Election Now the third and most important event for the crypto industry is the US presidential election, which is set to take place on 5 Nov 2024 and has direct effects on the market. The reason is that Joe Biden, Donald Trump, and KF Kennedy all these presidential candidates are pro-Bitcoin supporters. So here, if any of them wins the election, we can see a positive impact on the price of Bitcoin.  To learn more about it, we’ve made a detailed video covering the upcoming 2024 US presidential election and the possible candidates. Fed Rate Cut Now, the fourth and most important reason here is the inflation rate cut down. So if you remember, in the last bull run in 2021, whenever the market pumped here, one of the biggest reasons was the inflation rate hype.  So after every FOMC meeting, the interest rates used to increase here. The direct impact of this is seen on the money market, whether it is the stock market or Bitcoin. So this year, there are chances that the inflation rate will be cut down here and because of this, we can see a positive impact on Bitcoin.  Conclusion  Well, these are some major events that are going to happen in 2024, which can take the price of BTC to more than 150K, 200K, or more.  What do you think? How much can Bitcoin reach? 

3 days ago
CaptainAltcoin
CaptainAltcoin
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Solana (SOL) has been having a decent time this month, with some major gains – even more so than some other tokens. On top of that, there may be even more gains in sight for the crypto asset. However, there are some tokens that are overshadowing SOL because they are even more lucrative. The two tokens in question are Bitcoin Minetrix (BTCMTX) and Smog (SMOG), which have the potential for significant growth. We give you all the details on these projects here. Solana Price Prediction: Major Gains Coming In? According to the technical analysis on the weekly time frame, SOL reached its highest point of $126 in 2023, but then declined. The drop reached its lowest point of $79 in January 2024. Since then, the SOL price has risen, forming consecutive positive weekly candlesticks. It hit a peak of $119 on February 14, 2024. The weekly Relative Strength Index (RSI) also shows a negative sign. Market traders use the RSI to measure the momentum of the price and to determine if it is overbought or oversold. They use this information to decide when to buy or sell an asset. If the RSI is above 50 and rising, it means that the bulls have more power, while if it is below 50 and falling, it means the opposite. However, the indicator is also showing a bearish divergence (green trend line), which is a common signal of a downward trend. Bitcoin Minetrix Has A Great Future Ahead of It Bitcoin Minetrix (BTCMTX) is a remarkable tokenized cloud mining platform, known for its efficiency and easy-to-use interface. The project has built a solid reputation by ensuring security and transparency. Users can conveniently get and stake BTCMTX tokens within the platform’s ecosystem, using user-friendly wallets like MetaMask, which are smoothly integrated with Ethereum. Bitcoin mining has usually been difficult for the average person. However, this platform and its token make it possible for anyone who wants to mine the most popular cryptocurrency in the world. This method improves accessibility, allowing investors to stake BTCMTX and get credits for more BTC mining. It also solves the problem of cloud mining reliability and reduces the chance of fraud in the industry. The project has many advantages, such as low startup costs, a safe and simple user interface, and an easy onboarding process. The process consists of buying tokens, choosing the buy-and-stake option, and then getting rewards in Bitcoin. The team has clearly defined an initial roadmap, showing a smart view on the project’s development. After the presale, their main objectives are to get listings on exchanges, start a full-scale marketing campaign, and begin the creation of desktop and mobile apps, which will need more team members. Ongoing talks with trustworthy cloud mining companies show great potential for significant growth, with an emphasis on creating the stake-to-mine contract. The next stage will concentrate on launching stake-to-mine desktop and mobile dashboards and enabling the first Bitcoin withdrawals to wallets. Future plans include adding the feature to exchange mining credits for hash power. The team’s top priorities going forward are marketing activities, possible expansion into cloud mining rentals, and other strategic business operations. Bitcoin Minetrix has reached impressive achievements during its presale, with the BTCMTX token currently worth $0.0136, raising almost $11.3 million. BTCMTX tokens can be bought through credit card transactions, ETH, USDT, and BNB. Also, a tempting Gleam contest offers a $30,000 mine drop reward. Smog (SMOG) Is A Meme Coin That Will Revolutionize The Niche We won’t hesitate to say it: Smog (SMOG) could be one of the biggest meme coins of all time. This Solana-based meme coin has rapidly gained popularity on decentralized exchanges (DEXs), reaching a $2 million market cap on Jupiter. The upcoming airdrop suggests the possibility of huge growth, and the staking option gives an APY of 42%. Do remember that meme coins are always vying for the crown of the fastest growing crypto tokens. This trend has been very clear in the last year, with many meme coins consistently beating the wider market. This trend is likely to persist in the future, with the meme coin niche staying one of the most lively and efficient in terms of producing returns. SMOG is following the footsteps of successful predecessors like Bonk and Myro, which have experienced amazing growth. Notably, SMOG’s DEX trading volumes have lately exceeded those of Uniswap. With its impressive growth, SMOG has the chance to outdo the accomplishments of SPONGE, which saw a 50x increase from $2 million to $100 million. SMOG is certainly one of the most attractive cryptocurrencies to invest in right now, with the upcoming airdrop possibly boosting it to become the top meme coin of 2024. Conclusion Solana (SOL) may have some upward momentum, but Bitcoin Minetrix (BTCMTX) and Smog (SMOG) are set to grow even further this year. We highly recommend keeping an eye on these tokens, joining their presales, and following their social media channels to keep up with the latest news. Check Out Smog Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content. The post Solana (SOL) Price Prediction: Positive Outlook, But Potential Gains Overshadowed By These Two Lucrative Tokens appeared first on CaptainAltcoin.

3 days ago
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The global crypto sector’s market capitalization is currently at $2 trillion and the industry is projected to grow by around 8% over the next five years. The impressive set of figures underlines the fast pace at which crypto assets are now entering mainstream finance.  Developments like the launch of crypto ETFs in the US have helped democratize access to these blockchain-driven assets. However, a large part of the world is still shying away from exploring cryptocurrencies due to a myth – cryptocurrencies are expensive.  A simple web search can bust this myth and provide multiple budget-friendly options. These options include coins like InQubeta (QUBE), Dogecoin (DOGE), Shiba Inu (SHIB), Tron (TRX), and Stellar (XLM). These are some of the best altcoins that you will find in the market today and can even offer the benefits of diversification. To know more about why these tokens are so highly recommended, here’s a description of the key features of these interesting ecosystems.   1. InQubeta: Strengthening the network of AI startups InQubeta is an Ethereum-based platform where startups can find resources for business growth and scale their AI projects. These resources can help them find funding opportunities, seek guidance from experienced professionals, and create the right buzz for their brand. By leveraging InQubeta, startups can work on new AI-led projects without being concerned about how they can fund them. To avail of any feature of the platform or make a transaction, buyers will need to use its native cryptocurrency known as the QUBE token.  The QUBE token’s supply has a cap of 1.5 billion and around 65% of it is meant for sale. It was launched in 2023 and was among the top ICOs of the year. Its ICO has so far raised over $9.7 million.  The token is not only a model of payment but also a tool of empowerment for both crypto users and startups. The token can be staked to earn passive income. By staking their assets, token holders contribute to the blockchain’s growth.  In exchange, they receive passive income for as long as their token remains locked in InQubeta’s liquidity pool. The staking rewards are paid from a separate pool that’s financed by tax collections. QUBE is used for investing in startup projects through InQubeta’s NFT marketplace. The NFTs traded at the portal are created from the offers submitted by startups in need of funds.  These offers will have all information about the project and how it will benefit the investor.   NFT buyers can choose to purchase either the whole asset or a fraction of it.  The token is built on a deflationary model which means its returns do not plummet when the market is in red. A deflationary asset’s supply is regulated according to market conditions to minimize price fluctuations and keep its value stable. If there is an uptick in inflation, the supply is reduced and crypto users will find it difficult to buy the QUBE token. The scarcity also boosts its price, even if the returns on other assets are dipping. Any increase in the supply in such times is countered by burning unwanted tokens. InQubeta finished 2023 on a high note, thanks to its stellar cryptocurrency ICO. After ensuring a dream start for the project, the team is now busy planning for the future. In its roadmap, the team has outlined several new initiatives that will ramp up the platform’s reach.  These projects include a new staking dApp to make staking services more accessible. Another initiative on the cards is getting the QUBE token listed on centralized exchanges. Join InQubeta Presale   2. 400 million Dogecoin tokens moved to Robinhood Dogecoin is a meme coin inspired by dogs. Its native token is DOGE and the network is secured with the proof-of-work consensus protocol. The token is simple to use and is likely to end your worries about which crypto to buy today for the long term.  The peer-to-peer platform has an open-source code and its network is maintained by a network of nodes.  The meme coin recently hit the headlines after a whale transferred around 1 billion DOGE tokens to multiple platforms including brokerage firm Robinhood. According to data collected by WhaleAlert on February 15, 2024, an anonymous crypto trader moved 1,081,987,848 tokens to different addresses in around six transactions. Of the lot, 400 million DOGE tokens – worth around $34,000,000 – were sent to Robinhood.    3. Shiba Inu’s lead developer outlines major upgrades Shiba Inu is an animal-themed cryptocurrency that cashes in on the popularity of the Japanese dog breed Shiba Inu. For all transactional purposes, the team has created the SHIB token but for governance, the BONE token is used. A third token, LEASH, has also been created to reward long-time supporters of Shiba Inu.  One of the most popular offerings by the Shiba Inu team is an NFT series ‘Shibosis’. The series comprises 10,000 NFTs inspired by dogs and each one has distinct characteristics. These creatures will be playing a pivotal role in Shiba Inu’s upcoming ‘Shiboshi Game’. The team has been in the news because of its Ethereum-based Layer 2 blockchain ‘Shibarium’. The platform uses the BONE token for all kinds of payments which are confirmed with the proof-of-stake consensus algorithm. Shiba Inu has made it to 2024’s list of best altcoins with a vibrant ecosystem. It’s no longer just a meme coin but a rapidly expanding network of DeFi products.  Its team of developers is also coming up with new upgrades that can make Shiba Inu more accessible. The platform’s lead developer Shytoshi Kusama recently unveiled some key upgrades that will be implemented on multiple projects. Announcing the upgrades in Shib Magazine’s latest edition, Kusama delved into progress made after the meme coin collaborated with D3 Global to roll out the Shib Name Service.    4. Tron founder unveils roadmap for Bitcoin-based Layer 2 solution Tron has been designed to facilitate the decentralization of the Internet with blockchain-based solutions. The Tron ecosystem has multiple offerings which include a Web 3.0 wallet, a crypto exchange, and a blockchain explorer, among others.  Its native token TRX is used for availing these services or settling payments on the platform. All TRX transactions are authenticated with the proof-of-stake consensus protocol. Its code architecture has three levels – storage, core, and application layers. The three-layer architecture enables developers to create diverse and customized dApps. Tron has been able to outperform several new altcoins by incentivizing user participation through its super representatives (SRs) program. All TRX holders are eligible to become SRs and their partners. These token owners produce blocks and bundle transactions together. In exchange, they get voting rights and block rewards. Using their voting rewards, SRs can initiate proposals for protocol changes. A reason why Tron is considered to be a leading blockchain network is that it’s always evolving with the times. In a recent development, Tron founder Justin Sun posted a roadmap for building a Bitcoin Layer-2 solution.  The announcement comes at a time when Bitcoin ETFs are a rage. These financial products were rolled out in the US in January. Despite concerns about the legal aspects of BTC ETFs delaying their launch, these funds opened to record investor flows. In his post on X, Sun shared that he aims to promote decentralization and integration of different tokens within the Tron and Bitcoin ecosystems. The project would boost Tron’s interoperability and tap into the Bitcoin-based stablecoin sector which includes names like Bitcoin ordinals.   5. Yellow Card to introduce USDC on Stellar  Widely regarded as one of the top cryptos to invest in this year, Stellar is a public blockchain where developers can find tools to create solutions for the real world. The dApps and DeFi solutions powered by Stellar serve the purpose of cash in a digital-first world.  It has an edge over other blockchain systems in terms of speed, cost-effectiveness, and energy efficiency. Using its tooling, in-depth documentation, and community support, developers can deploy powerful dApps. Its native token is XLM and it’s the official medium of exchange within the Stellar ecosystem. It’s a good crypto to buy as developers can use it to create solutions for different user groups. The blockchain can power online payments that are secure, cheap, and can be finalized instantly.  It also has a network of global anchors which facilitates seamless exchange between crypto assets and fiat currencies. The anchor network comprises over 180 nations which can be leveraged for exchanging more than 20 assets. The network can be used for international payments and on and off-ramps. Developers and businesses can explore Stellar’s tokenization services. It can be used for creating and managing digital assets like stablecoins. Stellar has been able to drive global impact through its series of partnerships and initiatives. Recently, Yellow Card announced that it will introduce USDC on the Stellar blockchain. The move would boost the popularity of USDC, a stablecoin pegged to the US Dollar. Yellow Card is the biggest licensed stablecoin on/off ramp in Africa. The integration can pave the way for faster and easier transactions with cryptocurrencies. Experts claim that the availability of USDC on the Stellar network can drive crypto adoption in the African region. Issued by Circle, every USDC token is backed by a dollar which is maintained in reserves by regulated financial institutions.    Conclusion These five budget-friendly cryptocurrencies have busted the myth that one needs a big bank balance to explore cryptocurrencies. These tokens are among the top crypto coins that buyers can find in today’s market and have user-friendly interfaces that draw people from different backgrounds.  Tron and Stellar are considered developer-friendly tokens, but meme coins like Shiba Inu and Dogecoin reflect the innovative and quirky side of the crypto market. InQubeta is powering the future of AI innovation and has been included in analyst-recommended presales. These five cryptos can be added to build a well-balanced portfolio for the long term.  While the crypto market is an attractive space, users should always research a token before making a purchase. Due diligence can help them understand potential risks and make well-informed decisions. Visit InQubeta Presale  The post 5 Budget-Friendly Cryptos appeared first on BitcoinWorld.

3 days ago

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