Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The ongoing Kelexo (KLXO) token presale is attracting capital from Aave (AAVE), Ethereum (ETH), and Cardano (ADA) holders. While this period is special for many religious people, it is also quite important for investors, especially those in the crypto market. After an extended period of decline, the market is making a recovery. Naturally, this also means investors are making, or about to make good profits. Yet, this isn’t so widespread and the returns differ from one investor to the…
Author: Web3 Daily Press Staff
News Home Friday, March 29, 2024 06:38 AM | InvestorsObserver Analysts Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has added 8.07% to $609.82. InvestorsObserver is giving Bitcoin Cash a 35 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash! Moderately Volatile InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.The Volatility Gauge tracks which means that one day won’t define its volatility rank…
Binance, a prominent player in the cryptocurrency exchange sphere, has unveiled its highly anticipated 50th Launchpool project, Ethena (ENA), a pioneering synthetic dollar protocol. This marks a significant milestone for Binance as it continues to diversify its offerings and support innovative projects within the blockchain ecosystem.Excitement surrounds the imminent launch of Ethena, with the webpage scheduled to go live in just 5 hours, perfectly timed to coincide with the initiation of the Launchpool. Users eagerly await the opportunity to participate in the farming of ENA tokens, which will span a three-day period starting from March 30, 2024, at 00:00 (UTC).Come…
Despite being blacklisted by OFAC, the Tornado Cash mixer continues to operate, helping North Korea-linked hackers in laundering millions of stolen crypto. The DPRK-affiliated hacking group Lazarus Group successfully laundered hundreds of millions of dollars worth of Ethereum (ETH) stolen from HTX (formerly Huobi) and Heco Bridge in November 2023. Taylor Monahan, the founder and CEO of MyEtherWallet, revealed in an X post on Mar. 28 that the hackers had successfully laundered over 48,194 ETH (currently valued at ~$170 million) through Tornado Cash, a mixing service sanctioned by the Office of Foreign Assets Control (OFAC), in an effort obscure the…
NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.Though he described Bankman-Fried as “extremely smart,” U.S. District Judge Lewis A. Kaplan delivered a blistering analysis of Bankman-Fried and his crimes before announcing a sentence that was half of what prosecutors sought and less than a quarter of the 105 years recommended by the court’s probation officers.“There is absolutely no doubt that Mr. Bankman-Fried’s name…
Chocolate Easter bunnies wait to be decorated at a shop in Belgium. Virginia Mayo/AP hide caption toggle caption Virginia Mayo/AP Chocolate Easter bunnies wait to be decorated at a shop in Belgium. Virginia Mayo/AP Cocoa prices are going nuts: The bean is now more valuable than several precious metals and has surged faster than even bitcoin. After cocoa passed the all-time record it hit in 1977 of $5,400 per metric ton, right before Valentine’s Day – melting not just hearts but also wallets – one of the cocoa prices this week topped a whopping $10,000 per metric ton. Just in…
The allure of the market is the possibility of making good gains. This is the thought on the mind of every investor, short-term or long-term. They look to get the most returns and improve on their capital. But they don’t always get those returns. The way to get these returns is to invest in the right projects. Finding out which projects are best to invest in comes from analyzing the available options based on the information about them. This analysis highlights Litecoin (LTC) and Aptos (APT) and their prospects. We also discuss a new token, Fezoo (FEZ) with prospects that…
Market veteran Javon Marks sees Shiba Inu displaying sufficient strength to breach the $0.000081 territory upon the recent recovery, with a potential push toward $0.0001553. Shiba Inu is currently pushing to recover the losses of the past two weeks. Recall that the asset dropped 14.72% from March 11 to 24 during the market-wide correction. The recent rebound has helped SHIB to recoup some of the lost values, as it rose 10.68% this week. Amid the recovery, SHIB has set itself on an uptrend, displaying immense strength, as disclosed by Javon Marks. According to Javon, the latest upward momentum is a…
One method of investing that has been gaining significant traction is crypto staking. In essence, crypto staking allows investors to earn rewards on their holdings by participating in the operations of a blockchain network. This process involves locking up crypto assets for a predetermined period to validate transactions and secure the network. In return, stalkers receive additional cryptocurrency. This analysis compares three distinct projects – Scorpion Casino (SCORP), a novel platform integrating online gaming with blockchain technology; VeChain (VET), a prominent player in supply chain management; and Algorand (ALGO), a pure Proof-of-Stake blockchain platform – to help investors identify the…
A recent report by blockchain analytics firm TRM Labs highlights a decline in illicit cryptocurrency transactions worldwide, juxtaposed with a notable rise in preference for the Tron blockchain, spearheaded by Chinese entrepreneur Justin Sun. The report, published on Wednesday, unveils that in 2023, the Tron blockchain accommodated 45 percent of illicit cryptocurrency transactions, marking a surge from 41 percent in the preceding year. Tron Emerges as Haven for Illicit Activities The report underscores a significant uptick in the adoption of Tron for illicit activities such as drug trafficking and terrorist financing. Notably, the number of blockchain addresses associated with terrorist…