Read U.TODAY on Google News The weekend has started with an ongoing decline of most coins, according to CoinMarketCap.Top coins by CoinMarketCapBNB/USDThe rate of Binance Coin (BNB) has dropped by 3.14% over the last 24 hours.Image by TradingViewDespite today’s fall, the price of BNB is trading near the local resistance of $600.2. If buyers can hold the gained initiative and keep the rate around $600, the growth may continue to the $610-$620 zone tomorrow.Image by TradingViewOn the bigger time frame, the picture is unclear as neither bulls nor bears have seized the initiative yet. Such a statement is also confirmed by low…
Author: Web3 Daily Press Staff
ONDO hiked by more than 5% over the last 24 hours Buying pressure rose on the charts too ONDO decoupled from the wider crypto-market as its daily chart remained green, while others bled. In fact, ONDO also managed to outshine the king of altcoins, Ethereum [ETH], on the social front. Let’s have a closer look at ONDO to see what’s going on. ONDO bulls are standing strong While most cryptos’ daily charts were red because of the market crash, ONDO chose to move the other way. According to CoinMarketCap, the altcoin appreciated by more than 5% in the last 24…
The U.S. Securities and Exchange Commission (SEC) recently issued a Wells notice to Uniswap Labs, indicating a potential enforcement action. This action has triggered widespread debate in the cryptocurrency community, mainly concerning the SEC’s position regarding similar matters in the past. Adam Cochran of Cinneamhain Ventures, as a result, critiqued the SEC’s approach over the years, identifying discrepancies.Historical Context of SEC DecisionsThe analysis of Cochran is based on No-Action Letters issued by the SEC from as early as the year 1979 to the late 1990s. These documents have historically defined the position of the regulatory body as to what is…
Cameron and Tyler Winklevoss, founders of the cryptocurrency exchange Gemini, are now investors in Real Bedford Football Club. The brothers put $4.5 million worth of Bitcoin into the football club as part of a transaction facilitated through Winklevoss Capital, their investment firm. This new partnership places them alongside cryptocurrency podcaster Peter McCormack, who acquired the club in 2022. The Winklevoss twins’ financial infusion into Real Bedford is committed to several forward-looking projects. These include creating a new training facility, establishing a football academy and bolstering support for youth and girls’ football programs. 🗞 Club Statement:”Real Bedford can confirm that the…
Investing.com – Litecoin was trading at $80.546 by 14:06 (18:06 GMT) on the Investing.com Index on Saturday, down 10.22% on the day. It was the largest one-day percentage loss since April 12. The move downwards pushed Litecoin’s market cap down to $6.085B, or 0.25% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $80.523 to $86.522 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a drop in value, as it lost 18.24%. The volume of Litecoin traded in the twenty-four hours to time…
April 13, 2024 12:31 PM | 2 min read | Amid a bearish downturn affecting the crypto market on Friday, Shiba Inu (CRYPTO: SHIB) has experienced a significant liquidation event, with $3.63 million worth of SHIB, or approximately 14.8 trillion tokens, being liquidated in the last 24 hours.The data, derived from CoinGlass, highlights the impact of the market’s volatility on one of the popular meme coins.ENTER TO WIN $500 IN STOCK OR CRYPTOEnter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!Despite the downward pressure causing a 12.17% decrease in SHIB’s price…
Last updated: April 13, 2024 12:00 EDT | 2 min read Blockchain platform VeChain has announced its partnership with the Ultimate Fighting Championship (UFC) to tokenize fighter gloves and track their identities using the VeChainThor network. In a recent blog post, the company said that the gloves worn by UFC fighters would be embedded with VeChain near-field communication (NFC) chips, enabling the recording of fight data and ensuring the authenticity of each pair. Following the fights, the gloves will be donated and given away, turning them into sought-after collectors’ items. Buyers can verify the authenticity of these gloves through a VeChainThor network smart contract.VeChain’s…
Tether, boasting a staggering market cap of $107.3 billion, has solidified its position as the predominant digital dollar across various emerging markets. This substantial market cap shows the widespread adoption and trust in Tether as a reliable stablecoin. CEO Paolo Ardoino’s recent revelation about Tether’s ambitious $500 million investment in Bitcoin mining represents a strategic move to diversify the company’s portfolio beyond stablecoin issuance. By venturing into Bitcoin mining, Tether demonstrates its commitment to innovation and expansion within the cryptocurrency ecosystem.Moreover, Tether’s significance extends beyond mere financial transactions. In countries plagued by rapid currency devaluation, Tether serves as a vital…
SafeMoon, with its latest iteration, SafeMoon V2, has seen an extraordinary surge of over 150% in just a month. While the broader crypto market grapples with volatility and substantial losses, SafeMoon V2 stands out as a remarkable exception. Factors Behind SafeMoon V2’s Surge One of the key drivers behind SafeMoon V2’s impressive performance is the unwavering support of its community, coupled with a significant increase in token holdings. This steadfast backing mirrors the behavior observed with Shiba Inu, where holders remained steadfast amidst market downturns. Much like Shiba Inu, SafeMoon V2 has demonstrated resilience in the face of market volatility,…
Use Bonus Code: Launch20 to get an additional 20% $SCORP The cryptocurrency landscape is progressing rapidly, ushering in the era of Web3 where decentralisation and innovation reign supreme. Among the plethora of projects emerging in this space, three stand out: Scorpion Casino, Filecoin, and Polkadot. Each offers unique solutions and opportunities within the decentralised web ecosystem. In this article, we’ll delve into what sets these projects apart and why Scorpion Casino might just be the future of decentralised finance alongside Filecoin and Polkadot. Scorpion Casino: Redefining Passive Income in Decentralised Finance Scorpion Casino isn’t just another cryptocurrency project; it’s a…