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Cryptocurrency News
Cryptoninjas
9h
288
Image Credit: Cryptoninjas
CryptoNinjas Launches Private Trading Community – Exclusive for CryptoNinjas Members
- CryptoNinjas has launched the CryptoNinjas Private Trading Community exclusively for its members.
- The private community offers high-quality premium trading signals and market insights.
- Access to the community is free for loyal members who meet certain criteria or through a membership subscription.
- The community aims to provide competitive market insights and maximize trading potential.
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Blockonomi
9h
202
Image Credit: Blockonomi
Stellar Lumens (XLM) Price Predicted To Drop Over 20% In April; Eyes Turn To Mutuum Finance (MUTM) Set To Take Centre Stage
- Stellar Lumens (XLM) is predicted to drop over 20% in April as attention shifts towards Mutuum Finance (MUTM), an emerging DeFi platform.
- XLM is currently priced at $0.26, while MUTM is gaining significant traction with a price of $0.025.
- Mutuum Finance's presale is in phase 4 and has raised over $6 million, attracting more than 7700 holders.
- MUTM's innovative dual-lending model, fully collateralized stablecoin, and growing community make it a high-growth investment.
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Blockonomi
9h
153
Image Credit: Blockonomi
OpenAI Secures Record $40 Billion Funding Round Led by SoftBank
- OpenAI has closed a $40 billion funding round led by SoftBank, valuing the company at $300 billion.
- ChatGPT, OpenAI's flagship product, has 500 million weekly users and recently experienced spikes of 1 million new users in a single hour.
- OpenAI plans to release a new "open-weight" language model with reasoning capabilities and expects revenue to triple to $12.7 billion this year.
- The funding is connected to the Stargate Project, a $500 billion initiative with SoftBank, Oracle, and others to build AI data centers.
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Coinpedia
9h
309
Image Credit: Coinpedia
Binance Delists USDT and 8 Stablecoins in Europe – What’s Next for Crypto Traders?
- Binance delists USDT and eight stablecoins in the European Economic Area (EEA) to comply with MiCA regulations.
- Kraken and Coinbase also delist USDT in the EEA as they anticipate regulatory changes.
- The removal of USDT could impact market liquidity and raise concerns about the reliability of alternative stablecoins.
- Investors are advised to convert their holdings to MiCA-approved stablecoins like USDC or EURI.
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Blockonomi
9h
313
Image Credit: Blockonomi
Ethereum Price Prediction; As ETH Continues to Fall Below $1,800, Investors Search for Golden Chances in Remittix
- Ethereum has fallen below $1,800, triggering fears of a bigger sell-off.
- Efforts to retake $2,000 have been unsuccessful, and further declines are expected.
- Remittix, a rising star in DeFi, is surging amidst the chaos.
- Analysts project that Remittix token can increase by another 200% in the next month.
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TheNewsCrypto
9h
327
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0xbow Launches Privacy Pools, Inspired by Vitalik Buterin’s Research Paper
- 0xbow is introducing Privacy Pools to the Ethereum blockchain.
- Privacy pools protect the transaction history of users without any legal complications.
- 0xbow launched the first-ever on-chain privacy tool on the Ethereum blockchain based on a research paper co-authored by Vitalik Buterin.
- The new Privacy Pools feature utilizes zero-knowledge proofs and an Association Set Provider to ensure security and privacy for users.
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TheNewsCrypto
9h
217
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Crypto Security Improves In March, Sees Sharp Drop in Exploit Losses
- Crypto security improved in March with a sharp drop in exploit losses.
- CertiK data revealed that crypto-related scams and hacks totaled $28.8 million in March, marking a 98% decline from the previous month.
- Code vulnerabilities remained a major threat, leading to over $14 million in losses, while wallet compromises resulted in approximately $8 million in value stolen.
- While some stolen funds were recovered, additional unverified losses, such as a reported case of a Coinbase user losing 400 Bitcoin ($34 million) and phishing scams causing over $46 million in losses, were not included in the reported figures.
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Cryptopotato
10h
135
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XRP, DOGE Shoot up as BTC Price Reclaims $84K Level (Market Watch)
- Bitcoin's price reclaimed the $84,000 level after a recent nosedive and has shown a recovery with a gain of over $3,000 in the past 24 hours.
- Altcoins, including XRP and DOGE, also reacted well to the market crash and charted impressive gains over the past day.
- BTC's market cap has risen to $1.670 trillion, while its dominance over altcoins remains above 59%.
- Other notable gainers among larger-cap altcoins include ETH, ADA, TON, LINK, SUI, SHIB, AVAX, and XLM.
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Blockonomi
10h
24
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Coinbase CEO Advocates for Interest-Bearing Provisions in US Stablecoin Legislation
- Coinbase CEO Brian Armstrong advocates for legislation allowing stablecoin holders to earn “onchain interest”.
- Current stablecoin bills, such as the STABLE Act and GENIUS Act, do not permit interest-bearing stablecoins.
- Armstrong believes consumers could earn around 4% yield compared to the 0.41% average savings account interest if onchain interest is enabled.
- Enabling onchain interest could enhance dollar dominance globally and benefit the US economy.
- Stablecoin issuers typically retain interest earned from US Treasury reserves rather than distributing it to holders.
- Armstrong argues for stablecoin issuers to share interest with consumers, promoting a free market approach.
- Interest-bearing stablecoins could encourage global adoption of US dollar stablecoins, according to Armstrong.
- Potential higher yields from stablecoins would result in more consumer spending, saving, and investing, fueling economic growth.
- Regulatory experts suggest that yield-bearing stablecoins may face complex regulations due to similarities with securities.
- Armstrong sees the current legislative landscape as an opportunity to modernize the financial system for consumer benefit.
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Crypto-News-Flash
10h
136
Image Credit: Crypto-News-Flash
Crypto Veteran Who Has Held Cardano Since 2017 Sells as $4500 Becomes 1415475, But It’s His Newest Investment That Has Everyone Talking
- A Cardano investor who held ADA since its 2017 launch recently sold a portion of his holdings, turning $4,500 into $1.4 million.
- The investor shifted focus to Rexas Finance (RXS), a real-world asset tokenization platform with a 580% surge in value and is drawing comparisons to breakout projects like Solana.
- Rexas Finance aims to democratize access to trillion-dollar real-world assets by bridging blockchain with physical assets like real estate, gold, and art through tokenization.
- Rexas Finance's presale has raised $41 million so far, with the ongoing Stage 12 aiming to reach its $56 million target, and the token is predicted to hit $10+ post-launch.
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Bitcoinist
10h
28
Image Credit: Bitcoinist
USDC Issuer Circle Set To File For IPO By April, Eyes $5 Billion Market Valuation
- Circle Internet Financial, the issuer of the second largest stablecoin, USDC, is advancing its long-planned initial public offering (IPO) by hiring JPMorgan Chase and Citi as underwriters.
- Circle previously attempted to go public through a merger with a special purpose acquisition company (SPAC), but it was not approved by the US Securities and Exchange Commission (SEC). Now, the company is moving towards a traditional IPO.
- If successful, Circle's IPO could achieve a valuation between $4 billion and $5 billion, making it the largest cryptocurrency-related IPO since Coinbase in 2021.
- USDC, Circle's flagship stablecoin, experienced significant market capitalization growth during the crypto boom of 2021, reaching over $50 billion. However, it faced challenges, such as temporary loss of the $1 peg. Currently, USDC's market capitalization is around $60 billion.
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Newsbtc
10h
142
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Arthur Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure
- Former BitMEX CEO Arthur Hayes predicts a $250,000 Bitcoin price target by year-end, attributing it to the US Federal Reserve's return to de facto quantitative easing for US Treasury markets.
- Hayes argues that the recent policy shift by the Fed marks a structural return to fiat liquidity expansion, historically favorable for assets like Bitcoin.
- The Fed's move towards 'Treasury QE' implies reinvesting MBS runoff proceeds into US Treasuries to maintain the balance sheet size.
- Hayes invokes a satirical dialogue to highlight the Fed's subordination to fiscal necessity, akin to Arthur Burns' constrained monetary policy in the 1970s.
- Hayes connects the Fed's pivot to the political realities of a second Trump administration and the scale of debt issuance required to achieve its policy goals.
- He anticipates the Fed halting QT, exempting banks from SLR, and expects Bitcoin to benefit from this monetary regime shift due to its unique characteristics.
- Referencing gold's reaction to QE1, Hayes suggests that Bitcoin, as an anti-fiat asset, could experience explosive repricing amidst liquidity injections.
- Bitcoin's market performance is compared to gold's historical behavior, portraying Bitcoin as a faster and more globally exposed asset.
- Hayes reveals Maelstrom's capital deployment strategy of buying Bitcoin and 'shitcoins' without leverage at various price levels.
- At the time of writing, BTC traded at $83,500, with Hayes optimistic about its potential to reach $250,000 by the end of the year.
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TronWeekly
10h
317
Image Credit: TronWeekly
Trump Family Takes Control of $550 Million World Liberty Financial, Crypto Venture
- The Trump family has taken control of World Liberty Financial, a crypto venture that raised over $550 million.
- The family claims significant ownership of project profits, raising concerns about the company's governance structure.
- Experts warn that this move could imply a shift towards centralized governance in decentralized finance (DeFi).
- Ethical concerns arise due to potential conflicts of interest and limited public participation in World Liberty Financial.
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19 Likes
Insider
10h
174
Image Credit: Insider
How Mastercard is building the Venmo of crypto
- Mastercard is focusing on building out its blockchain and crypto capabilities for both consumers and financial firms, taking advantage of recent regulatory shifts and increased interest from Wall Street in the space.
- The company aims to create a blockchain-based payments network to facilitate transactions of digital assets among consumers, merchants, and financial institutions, similar to its existing card network.
- Mastercard's executive VP of blockchain and digital assets, Raj Dhamodharan, highlighted the importance of a compliant framework and consumer experience for the successful integration of blockchain into mainstream finance.
- The company is working towards providing a Venmo-like experience for moving money and assets via blockchain, with a focus on financial institution adoption to enhance network value.
- Mastercard's strategy encompasses enabling its vast cardholder base to transact between fiat and crypto worlds, while also targeting traditional financial institutions for blockchain-based transaction processing.
- Mastercard has introduced over 100 crypto-focused card programs globally and is exploring opportunities in trade finance, cross-border payments, and tokenizing real-world assets for Wall Street firms.
- The company has heavily invested in blockchain and digital asset technology, filing numerous patents and supporting blockchain startups to stay at the forefront of innovation in the space.
- Mastercard's multi-token network, launched in 2023, aims to enhance transaction speed and efficiency for financial institutions, with collaborations with JPMorgan, Standard Chartered, and fintechs like Ondo Finance.
- A shift towards regulatory clarity and increasing institutional interest in crypto is driving Mastercard's efforts to expand its presence in the blockchain industry and capitalize on the evolving landscape.
- The overall aim is to bridge the gap between traditional finance and decentralized finance, offering seamless digital asset transactions for a wide range of users and institutions within a compliant and user-friendly framework.
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Blockonomi
10h
239
Image Credit: Blockonomi
Strategy Acquires 22,048 Bitcoin for $1.92 Billion, Expands Holdings to 528,185 BTC
- Strategy, formerly known as MicroStrategy, has acquired 22,048 Bitcoin worth $1.92 billion.
- The company now holds a total of 528,185 BTC, valued at $35.63 billion.
- The purchase was financed through stock offerings and preferred stock programs.
- Bitcoin price dropped to around $82,000 after the purchase, temporarily putting Strategy's investment in the red.
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