On Friday (April 12), Bitcoin (BTC) and other cryptocurrencies experienced a sharp decline as negative sentiment from traditional markets, heightened by increased geopolitical tensions, spilled into the digital asset space. During a rapid sell-off in the U.S. trading session, Bitcoin dropped below $66,000, having neared the $71,000 mark just a few hours earlier. By the time of reporting, Bitcoin had recovered slightly to $66,700, representing a drop of over 5% in the last 24 hours. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw a decrease of up to 12% to $3,100, although a subsequent recovery reduced the loss to…
Author: Web3 Daily Press Staff
Explore the innovative world of NuggetRush and Binance Coin as they revolutionize gaming and meme coin innovation.TLDRWith the highly anticipated Bitcoin halving event approaching, the cryptocurrency space is focused on Binance Coin and NuggetRush, which are poised for significant surges.NuggetRush is revolutionizing the gaming landscape by integrating gold mining, cryptocurrency, and real-world artisanal mining into a unique play-to-earn concept. BNB Chain has announced a bold move: It will allocate $1 million to reward developers of meme coins on its network. As the highly-anticipated Bitcoin halving event nears, excitement builds in cryptocurrencies, with numerous coins poised for significant growth. Among these, Binance Coin…
The crypto market is experiencing high volatility, with BTC price retreating to $68,000 from its high of $72,000. Meanwhile, Ethereum price is oscillating between $3,056 and $3,679. Solana blockchain’s price is also struggling, with the bears actively resisting the $181 EMA. On the flipside, the presale market is booming, with BlockDAG (BDAG) emerging as a frontrunner with its 20,000X ROI potential, as projected by analysts. As of the latest update, BlockDAG’s ongoing presale has amassed $16.4 million through selling 7 billion BDAG coins. The price per coin stands at $0.0045 and is set to rise with every new batch released,…
Image source, Getty ImagesImage caption, Tyler and Cameron Winklevoss will become co-owners of the clubArticle informationAuthor, Danny FullbrookRole, BBC News, Bedfordshire12 April 2024Updated 7 hours agoA non-league football club has received an injection of $4.5m (about £3.6m) from a pair of cryptocurrency investors.Real Bedford FC (RBFC) received the Bitcoin investment from Winklevoss Capital, an investment firm owned by Gemini founders Cameron and Tyler Winklevoss.Podcaster Peter McCormack bought the side, currently in the ninth tier of English football, in 2021 with the goal of turning it into a Premier League club.Following the investment the twins will assume the role of co-owners…
On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved multiple applications for spot Bitcoin ETFs. On day one, $4.6B in shares were traded, with cumulative trading volume exceeding the $50B mark by February 22. The ETF approval in the U.S. is expected to have a far-reaching impact across Asian markets where investment flows are already significant, especially in institutional investing, and picking up pace. The question on the minds of observers, investors, and industry participants is: “What’s next?” By taking stock of what has happened in the US and as we look East, we can better understand what…
LTC’s share of the global payments was 39% in March, followed by Bitcoin at 25%. LTC’s growth stagnated in the last month, causing a decline in its Open Interest. Litecoin [LTC] remained the most-preferred cryptocurrency for payments in the month of March, outperforming all major assets, including Bitcoin [BTC]. Litecoin extends winning streak As tracked by the world’s largest crypto payment service provider BitPay, LTC’s share of the global payments was 39% in March, marking a decline from 41% in February. That being said, the digital silver has consistently ranked at the top of the charts, and March marked its third…
Arman Shirinyan Market’s bullish recovery that began few days ago seems to have ended abruptly Read U.TODAY on Google News Shiba Inu’s price fell below the crucial $0.000027 level and is slipping out of the symmetrical triangle pattern. This movement is quite problematic since it is a pattern that typically serves as a sturdy support. The breakdown from this formation may very well chart the course for SHIB’s future.Looking at the chart, we see that SHIB’s price drop below the symmetrical triangle indicates a bearish outlook. This triangle, acting as a consolidation zone before the breakout, had held as support,…
VeChain has announced a partnership with the Ultimate Fighting Championship (UFC) to introduce tokenized gloves. These gloves, equipped with near-field communication (NFC) chips, will track fight data and authenticate the gloves’ genuineness through the VeChainThor network.These gloves will debut at UFC 300 on April 13. They will be tokenized to record and preserve their history and data on VeChain’s blockchain. Post-fight, these gloves will serve as collectors’ items, the authenticity of which will be verified using smart contracts on the VeChainThor network. This step is considered an advance in sports memorabilia and also an improvement in fan engagement and sports…
Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said. Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said. Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said. Apr 11, 2024, 9:58 AMUpdated Apr 11, 2024, 10:01 AMHoward Lutnick, chairman and CEO of Cantor Fitzgerald (Manuel Lope/World Economic Forum) This news is republished from another source. You can check the original article here
The crypto sphere has been welcoming to diverse projects over the years. SafeMoon is one of the unique projects which was launched in 2021. Like the other famous cryptos, SafeMoon also works on similar principles, such as a higher TPS and improved security. Additionally, it has promised to make investments safe by pulling down the volatility movements.Being launched only recently, the token was a massive crowd-puller. With increased hype in the meme space, the protocol holds the solid potential to outpower chief meme coins such as Shiba Inu and Dogecoin. Wondering if an investment in this currency will be the next…