Embarking on a journey towards dominance in the exchange realm, Fezoo’s presale has garnered significant attention, drawing in strategists from the realms of Polkadot and Ethereum Classic. Polkadot, despite facing a recent price drop, stands resilient amidst market turbulence. Moreover, with forecasts predicting a potential surge in Polkadot’s price by April 11th, 2024, optimism surrounds the cryptocurrency’s future trajectory. Similarly, Ethereum Classic’s price trends and future projections paint a dynamic picture, hinting at both fluctuations and potential growth opportunities. Meanwhile, Fezoo’s presale continues to attract many crypto enthusiasts who do not want to miss out on what this promising platform…
Author: Web3 Daily Press Staff
A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew. Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT. In a now-deleted post, its CTO Kyle explained that the project was “derugged from its previous founder” and built differently from other NFT projects. See more A short investigation into how @kyledegods faked…
April 4, 2024 1:25 AM | 2 min read | Timothy Stebbing, Product Lead at the foundation associated with Dogecoin (CRYPTO: DOGE), recently drew an interesting comparison between household plumbing and complex network architectures on X, formerly Twitter.What Happened: On Wednesday, Stebbing posted about the challenges in his household, which has six people, two toilets, and a blocked outlet awaiting a plumber. He noted that his thoughts were consumed by the similarities between this situation and the principles of high availability, redundancy, queues, and back pressure in complex network architectures.ENTER TO WIN $500 IN STOCK OR CRYPTOEnter your email and…
Those budding crypto investors looking to enter Decentralised Finance (DeFi) may need help with the first few steps. Complex DeFi protocols often overwhelm beginner investors with complex interfaces and endless jargon. This is where the concept of passive income becomes particularly attractive. Passive income refers to earnings derived from investments or ventures that require minimal ongoing effort. This might include rental properties, dividend-paying stocks, or interest-bearing accounts in the traditional financial world. DeFi protocols offer various avenues for generating passive income in crypto, such as staking and liquidity pools. A recent report by Cointelegraph Research found that over 30% of…
As the landscape of decentralized finance (DeFi) expands, investors are keenly eyeing assets like Chainlink (LINK) and Decentraland (MANA) for their unique contributions to the digital ecosystem. Chainlink’s recent uptrend of 14.44% underscores growing interest in secure blockchain technologies, while Decentraland pioneers immersive virtual real estate experiences. However, amidst these advancements, BlockDAG Network emerges as a standout player, offering swift transaction speeds of 10,000 to 15,000 confirmations per second (TPS) and an advanced Explorer platform for comprehensive network analysis. With its presale success and projected ROI of 20,000x by 2025, BlockDAG promises to revolutionize decentralized networks. Navigating the DeFi Landscape…
In one of the more interesting developments for the digital asset industry and its technological prowess, Cardano revealed that several US States have sought it out to develop blockchain voting systems. Indeed, Cardano Foundation CEO Frederik Gregaard revealed their interest in a recent interview. Speaking on the matter, Gregaard discussed the increased interest from the US on a state level. Specifically, they were interested in the possibility of utilizing blockchain technology to better optimize the voting process. Moreover, the development would increase avenues such as transparency in the overall voting process for American citizens. Also Read: Cardano Looks Bullish As…
Bitcoin Cash, the cryptocurrency that split from Bitcoin in 2017, has completed its second halving, resulting in a reduction in the number of miner rewards from 6.25 BCH to 3.125 BCH. This move follows the first halving of Bitcoin Cash on April 8, 2020, which also reduced miner rewards by half from 12.5 BCH to 6.25 BCH. Bitcoin Cash Price TrendBitcoin Cash is an offshoot of the parent proof-of-work blockchain network, Bitcoin (BTC), designed to offer faster and cheaper transactions. In the lead-up to the halving, Bitcoin Cash has seen a major price surge, with the price up 32% in the 30…
Binance Coin (BNB) reignited its price surge last week after undergoing key technical tests. With Bitcoin’s stagnation above $66,000 contrasting with BNB’s sudden spike above $600, the top exchange token looks poised to retest critical upper resistance levels soon. After retracing last year, BNB spent considerable time centering around $300 support. However, this lateral price action has given way to a renewed uptrend recently. Last week, BNB also surpassed the $600 level and hit $618 before falling to its current price. Binance Coin is currently trading at approximately $565, which represents a 35.4% increase over the past 30 days. Technical indicators suggest the…
In an era where the quest for the most lucrative crypto investment intensifies, this exploration presents a trio of standout crypto projects along with their recent milestones. Highlighting the remarkable debut of BlockDAG‘s technical whitepaper at the Las Vegas Sphere which celebrated an astounding $12.4M presale success, the challenges Ethereum ETF encounters within the intricate US regulatory framework leading to a market dip, and Bitget’s strategic diversification through its investment in Goldfinch. Ethereum ETF Confronts Regulatory Hurdles The anticipation surrounding the approval of an Ethereum ETF has ignited widespread discussions. Contrary to Bloomberg analyst James Seyffart’s playful April Fools’ day…
The SEC has opened comments on Grayscale, Fidelity, and Bitwise‘s applications to launch spot Ethereum exchange-traded funds (ETFs).The notices apply to proposed rule changes through which two exchanges — Cboe BZX and NYSE Arca — aim to list and trade shares of the three funds.Comments are open for 21 days following publication in the federal register.This phase is a routine procedure in the approval process for ETFs, mirroring the approach taken with spot Bitcoin ETF applications, which previously encouraged feedback from US citizens and organizations.Market correlationEach notice discusses matters that are expected to influence the SEC when it comes time…