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Cryptocurrency News
TheNewsCrypto
1w
334
Image Credit: TheNewsCrypto
Hoskinson Rates XRP and ADA as Blue Chips, Calls Solana “Mid”
- Cardano founder Charles Hoskinson classified XRP and ADA as safe blue chip cryptocurrencies due to their longevity and resilience.
- Hoskinson noted that the U.S. crypto reserve currently includes BTC, XRP, SOL, ETH, and ADA, praising XRP and ADA for their strong ratings.
- He mentioned Solana as “kinda mid” for being neither new nor old.
- Hoskinson highlighted the need for a working group to determine additional assets and the procurement process for the U.S. crypto reserve.
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TechCrunch
1w
55
Image Credit: TechCrunch
Hackers launder most of Bybit’s stolen crypto worth $1.4B
- Hackers stole $1.4 billion in cryptocurrency from Bybit exchange.
- The stolen Ethereum has been converted to Bitcoin and moved to approximately 4,400 addresses.
- Hackers used THORSwap to launder the stolen funds, creating challenges for investigators.
- Bybit has offered a total bounty of $140 million to trace and freeze the funds.
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3 Likes
Medium
1w
101
Image Credit: Medium
Memecoins: Transitioning from Social Experiments to Retail Value Tools
- Memecoins, known for their volatility and insider trading, are facing scrutiny from regulatory bodies.
- The evolving nature of memecoins has led to concerns about 'value extraction' and potential risks for retail investors.
- Regulatory bodies are preparing to take action, but the effectiveness and timeliness of these measures remain uncertain.
- Despite the risks, the crypto world continues to evolve, and investors are advised to maintain a sense of humor and stay informed.
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Bitcoinist
1w
72
Image Credit: Bitcoinist
Bitcoin Accumulation Trend Score Stays Below 0.5 Amid Price Recovery, What Does This Mean?
- Bitcoin's Accumulation Trend Score remains below 0.5, indicating weak accumulation during recent price recovery.
- Glassnode's data shows the metric has been below 0.5 for over 58 consecutive days, signaling a prolonged net distribution period.
- Short-term BTC holders are in a precarious position as the price fluctuates, with fragile profitability close to breakeven.
- Bitcoin's short-term holder SOPR has rebounded, suggesting renewed demand absorption and improved sentiment.
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TronWeekly
1w
394
Image Credit: TronWeekly
This DeFi Coin Is Up 900% Even Before Launch—Why Experts Say It’s The Next BNB
- Binance Coin (BNB) price has surged from $40 to $700 in 2021, providing a 1650% return.
- DTX Exchange presale has outperformed BNB price with up to 900% returns despite the slow market.
- DTX Exchange is a next-gen hybrid trading platform, integrating traditional and decentralized assets.
- DTX Exchange presale offers a final opportunity to make 2x gains before listing and has gained significant community support.
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TheNewsCrypto
1w
80
Image Credit: TheNewsCrypto
XRP Ledger Activity Surges as Adoption and Institutional Interest Drive Growth
- Activity on the XRP Ledger has surged by 24% since January 2024, with the number of accounts growing from approximately 5 million to nearly 6.2 million.
- Trustlines on XRPL have also increased significantly, reflecting broader adoption and enhanced network utility.
- Catalysts for this surge include a reduced account reserve, bullish macroeconomic factors, rising meme coin activity, and growing institutional traction amid improved regulatory clarity.
- The XRP Ledger is witnessing robust growth driven by multiple factors, including a 24% increase in accounts and a significant rise in trustlines.
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4 Likes
TronWeekly
1w
97
Image Credit: TronWeekly
Ethereum’s Bearish Momentum: Is a Bigger Drop Coming for ETH?
- Ethereum's bearish momentum continues as the price drops 11% to $2,098, breaching ascending support and resembling a double-top pattern.
- Market sentiment shifted after Trump's tariff announcement, erasing earlier gains made by Ethereum due to the U.S. Crypto Strategic Reserve news.
- 30,000 ETH was offloaded by whales as DeFi activity weakened, with declining futures open interest and stablecoin liquidity.
- Analysts warn that for Ethereum to recover, it needs to regain support on a monthly closing basis and the market outlook and fundamentals remain poor.
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Bravenewcoin
1w
339
Image Credit: Bravenewcoin
Crypto Market Cap Plunges 12% as Trump’s Reserve Plan Faces Uncertainty
- The total cryptocurrency market capitalization tumbled by 12.3% to $2.85 trillion, with Bitcoin falling 9.8% and Ethereum plummeting 14.8%.
- The sudden sell-off led to over $1 billion in liquidations and affected over 311,000 traders.
- Trump's proposal for a strategic cryptocurrency reserve faced skepticism and concerns about its legitimacy and long-term viability.
- Bitcoin had its worst-performing February in a decade, with a 17.39% loss and concerns about short-term trajectory.
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Crypto-News-Flash
1w
296
Image Credit: Crypto-News-Flash
Cardano Founder Extends Special Dogecoin Deal to Elon Musk—Will He Accept?
- Charles Hoskinson, founder of Cardano, proposed to Elon Musk to integrate Dogecoin on X, a social media platform.
- The proposed upgrade would require full smart contract support, state channels, and a new proof-of-work system to handle heavy computing.
- Elon Musk has not yet responded to the proposal, but there have been speculations about Dogecoin becoming part of X.
- The current price of Dogecoin has decreased by 14.7% in the last 24 hours, and it is trading as the ninth-biggest cryptocurrency.
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17 Likes
Medium
1w
110
**How Pakistan Stock Market Works: A Comprehensive Guide**
- The Pakistan Stock Exchange (PSX) is the primary stock exchange formed by the merger of Karachi, Lahore, and Islamabad exchanges. It operates under the Securities and Exchange Commission of Pakistan (SECP).
- Key participants in the Pakistan Stock Market include investors, brokerage houses, listed companies, and regulatory authorities like the SECP.
- The market process involves steps like stock market listing, trading through brokerage houses, order matching, market indices for performance evaluation, and specific trading hours.
- Types of trading orders in the PSX include market orders, limit orders, and stop-loss orders, offering various options for investors.
- Trading strategies in the Pakistan Stock Market range from long-term investment to day trading and swing trading, each catering to different investment styles.
- Risks in the stock market include market volatility, economic risk, and liquidity risk, making it crucial for investors to assess and manage these risks.
- The Pakistan Stock Market presents opportunities for investors and companies, emphasizing the importance of understanding market operations and risks before investing.
- Consulting with financial advisors or conducting thorough research is essential for individuals considering entering the stock market for effective decision-making.
- Having a solid investment strategy and staying informed are key elements in navigating the Pakistan Stock Market successfully for financial growth.
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6 Likes
99Bitcoins
1w
122
3 Most Important Blockchain Projects And How They Plan To Change The World
- Bitcoin is the most important and valuable cryptocurrency, with a market cap above $80,000 and the potential to reach $200,000 by year's end.
- Ethereum is the first crypto project to utilize smart contracts and is the lynchpin for the entire cryptocurrency ecosystem, driving the growth of DeFi, NFTs, and crypto video games.
- Ripple (XRP) is a controversial coin that aims to make transactions smooth and secure, despite facing legal battles, it remains a key player in the crypto ecosystem.
- These three cryptocurrencies, Bitcoin, Ethereum, and Ripple, tackle unique problems and dominate the current landscape of pivotal blockchain projects.
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7 Likes
Crypto-News-Flash
1w
118
Image Credit: Crypto-News-Flash
Trump’s White House Summit: Could a Zero Crypto Tax Policy Become Reality?
- During the Crypto Summit hosted by President Donald Trump, a zero crypto tax policy in the U.S. is being anticipated.
- Eric Trump's proposal to eliminate capital gains taxes on U.S.-based cryptocurrencies has sparked debate about its feasibility.
- President Trump aims to position the U.S. as a global leader in crypto innovation through the summit and previous initiatives.
- Implementing a zero crypto tax policy would attract more investments to the U.S. but create a significant revenue gap for the IRS.
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Zycrypto
1w
254
Image Credit: Zycrypto
March is a Big Month for Bitcoin, Ether, XRP, Solana, Cardano, Shiba Inu — Here’s What to Keep an Eye Out For
- March is expected to be a promising month for Bitcoin and the broader crypto market, with several bullish events and market patterns.
- Stablecoins are a key focus, with events scheduled to clarify their use in the US, including a CEO forum and a voting session on the GENIUS Act stablecoin bill by the Senate Banking Committee.
- The first White House Crypto Summit with President Trump is set for March 7th, with positive expectations from market participants.
- On March 21st, the SEC will host a roundtable to discuss crypto regulation, following the integration of crypto task force members earlier.
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15 Likes
99Bitcoins
1w
394
Is US Crypto Reserve a Secret Plan From David Sack Crypto Czar’s Fund?
- Donald Trump unveiled plans for a U.S. Crypto Reserve, naming XRP, Solana, Cardano, Bitcoin, and Ethereum as key assets.
- Trump's announcement sent prices of the selected cryptocurrencies soaring.
- The move aims to establish U.S. dominance in the digital assets market.
- The announcement raised concerns of potential conflicts of interest within the administration, particularly involving David Sacks.
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23 Likes
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