A naukri.com initiative
Cryptocurrency News
Blockonomi
1d
124
Image Credit: Blockonomi
Bitcoin (BTC) Price: Drops to $83,400 Following Trump’s Tariff Announcement
- Bitcoin's price fell to $83,400 after Trump announced a 10% universal tariff on imports
- Trump's trade policy includes reciprocal tariffs targeting China, Japan, EU, among others
- Bitcoin's velocity reached a five-month low, indicating cautious market sentiment
- Long-term holders show strong conviction, with spending at lowest levels since mid-2021
Read Full Article
7 Likes
NullTX
1d
139
Image Credit: NullTX
Bybit Recovers Strongly from February Hack as Capital Inflow Soars in March
- Bybit has shown a strong recovery following a hack in February, with impressive capital inflow in March reaching $3.61 billion.
- The influx of capital in March was the highest among all centralized exchanges, showcasing Bybit's resilience and effective crisis management.
- The transparency and asset reserves strategy adopted by Bybit post-hack played a crucial role in restoring user trust and reassuring customers.
- Bybit's proactive measures included immediate action, transparency in communication, recovering stolen funds, and managing withdrawal requests efficiently.
- In March, Bybit's capital inflow surpassed Binance's, indicating a significant return of customers post-hack.
- Bybit's total capital inflows of $15.133 billion reflect both recovery and continued growth, showcasing renewed trust in the platform.
- The competitive landscape in the centralized exchange market is evolving as Bybit competes with Binance for market share.
- Bybit's recovery serves as a model for exchanges to bounce back from security incidents by focusing on asset reserves, communication, and user needs.
- The strong performance of Bybit and Binance in March indicates growing user trust in centralized exchanges and emphasizes the importance of security and transparency.
- Bybit's resurgence highlights its strength, stability, and position in the market, setting a benchmark for other exchanges to follow.
Read Full Article
8 Likes
Crypto-News-Flash
1d
248
Image Credit: Crypto-News-Flash
Sei Foundation Sets Up in NYC to Push US Crypto Adoption
- Sei Foundation sets up in NYC to push US crypto adoption among institutions through direct developer and ecosystem support.
- The foundation aims to provide support, resources, and education to developers and industry players wanting to build on Sei's infrastructure.
- Sei Foundation explores the potential acquisition of DNA service company, 23andMe, aiming to store genetic data on the blockchain, sparking privacy concerns.
- Sei Foundation supports decentralized science by launching Sapien Capital - Open Science Fund I with a $65 million investment dedicated to the decentralized science space.
Read Full Article
14 Likes
NullTX
1d
33
Image Credit: NullTX
Tracking Developer Activity: The Crypto Projects Leading Innovation
- Developer activity plays a crucial role in the success of cryptocurrency projects by indicating ongoing improvements and innovations.
- Dfinity's Internet Computer ($ICP) leads in development activity, focusing on revolutionizing internet functionality through a decentralized cloud platform.
- Chainlink ($LINK) follows closely with continuous upgrades to enhance its decentralized oracle network for seamless integration with smart contracts.
- StarkNet ($STRK), Ethereum's Layer 2 scaling solution, gains attention for offering potential solutions to Ethereum's scalability issues with zero-knowledge rollup code.
- Optimism (OP), another Layer 2 scaling solution, works on reducing Ethereum's transaction fees despite a slight dip in development activity.
- Cardano ($ADA) experiences a decline in developer activity, emphasizing the need for accelerated dApp developments for future efficiency and adoption.
- iExec ($RLC), a decentralized cloud computing network, sees increased developer activity, providing decentralized computing services for enterprises and researchers.
- Ethereum ($ETH) remains a top cryptocurrency with continuous developer engagement, focusing on transitioning to Ethereum 2.0 for scalability and consensus improvements.
- Avalanche ($AVAX) witnesses heightened developer engagement due to its high throughput blockchain platform suitable for decentralized applications and enterprise solutions.
- Polkadot ($DOT) and Kusama ($KSM) drop in rankings despite their technology allowing multi-chain interoperability, supporting diverse data and asset transfers.
Read Full Article
2 Likes
Cryptoninjas
1d
241
Image Credit: Cryptoninjas
Binance Verifies FDUSD Reserves Are Complete Following a Temporary De-Pegging Event
- FDUSD, a stablecoin listed on Binance, temporarily de-pegged from the U.S. dollar before stabilizing.
- Binance has verified that FDUSD reserves are fully backed and the de-peg was due to liquidity movements.
- The incident highlights issues with stablecoins' liquidity depth and investor trust.
- Binance assures users that their funds are safe and measures are being implemented to prevent future instability.
Read Full Article
14 Likes
TronWeekly
1d
181
Image Credit: TronWeekly
Bitcoin and Ethereum Plummet as Crypto Market Loses $200 Billion in Market Cap
- The crypto market lost $200B, with Bitcoin dropping to $60K and Ethereum to $3,200.
- The Crypto Fear & Greed Index plunged from 70 to 45, signaling rising investor caution.
- The cryptocurrency market suffered a severe downturn, shedding $200 billion, as its total valuation fell from $2.5 trillion to $2.3 trillion.
- Bitcoin plummeted from $85,000 to $82,000, while Ethereum dropped from $1,900 to $1,800.
Read Full Article
10 Likes
Coinpedia
1d
199
Image Credit: Coinpedia
YouHodler review: A Closer Look at the Platform
- YouHodler is a cryptocurrency platform offering various financial services and is regulated in Switzerland, the EU, and Argentina, aiming to bridge traditional finance with cryptocurrencies.
- It supports buying and exchanging a wide range of cryptocurrencies using fiat currencies and multiple payment methods, with an easy-to-use exchange interface.
- Users can borrow in cryptocurrency by using their existing assets as collateral with loan-to-value ratios of up to 90% and choose the currency they receive the loan in based on the collateral.
- The platform offers a MultiHODL feature for users to multiply their cryptocurrency by leveraging market movements, but this comes with higher risk.
- YouHodler's loyalty program includes a Growth Account where users can earn yield on their deposited cryptocurrencies without locking them up for fixed periods.
- Cloud Miner is a unique feature allowing users to accumulate Bitcoin rewards over time by regularly engaging with the platform.
- The platform applies various commissions and fees depending on the services used, with detailed fee information available on the website.
- YouHodler prioritizes security by partnering with Ledger Vault, using a mix of hot and cold wallet storage, and offering 2-factor and optional 3-factor authentication.
- While YouHodler strives for user safety with official registration, risks exist due to market volatility impacting investments and loans, and potential cyber threats or technical failures.
- In conclusion, YouHodler provides a user-friendly cryptocurrency platform suitable for both beginners and experienced users, offering a variety of services for managing crypto assets.
Read Full Article
12 Likes
Cryptoninjas
1d
181
Image Credit: Cryptoninjas
Fidelity Investments Unveils Crypto-Linked Retirement Plans
- Fidelity Investments has launched a retirement plan that allows direct investment in cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
- Fidelity is responding to increasing client demand for tax-advantaged crypto investing in retirement plans.
- The company offers no-fee IRAs for investing in crypto, making it accessible for long-term investors.
- Fidelity continues to expand its crypto offerings, including filing for an ETF on Solana and exploring the issuance of a proprietary stablecoin.
Read Full Article
10 Likes
Cryptopotato
1d
226
Image Credit: Cryptopotato
Ripple (XRP) Dips Below $2 — What Analysts Expect Next
- Ripple (XRP) experienced a dip below $2, following the recent trade tariffs implemented by US President Donald Trump.
- Analysts have different expectations for XRP's performance in the short term.
- Some believe XRP's price will depend on Bitcoin's movements, while others forecast a potential move to the $2.50 - $3 range.
- Favorable legal outcomes, increased institutional adoption, and momentum above the $2.13 breakout zone may contribute to XRP's potential growth.
Read Full Article
13 Likes
Blockonomi
1d
101
Image Credit: Blockonomi
Cardano (ADA) Price: Technical Analysis Shows Resistance at $0.70 as Downtrend Continues
- Cardano (ADA) faced resistance at $0.70 after a recovery attempt, with indicators showing mixed signals
- Whale addresses sold 200 million ADA in March, contributing to the price decline
- Technical analysis indicates resistance at $0.75 and support at $0.63 for ADA
- Analysts predict potential long-term growth for ADA if historical patterns continue, aiming for $50.48 by 2025
- ADA is currently trading around $0.68, down 7.87% over the past week
- ADA faced rejection above $0.70, leading to consolidation near $0.65 with potential for further losses
- The price correction broke a bullish trend line at $0.6720 on the hourly chart
- Whales' selling pressured ADA, with 200 million ADA sold in March amidst a price decline
- Technical indicators show a potential bearish outlook for ADA but with signs of weakening momentum
- The long-term outlook for ADA remains positive if it can break above key resistance levels
Read Full Article
6 Likes
Cryptoninjas
1d
49
Image Credit: Cryptoninjas
Minnesota Introduces a Bill to Allow the State Investment Board to Invest in Crypto
- Minnesota introduced House File 2946 (HF2946) proposing to allow the State Board of Investment (SBI) to invest in cryptocurrencies like Bitcoin.
- The bill aims to modernize financial plans, diversify the state's investment, and take advantage of the growing crypto market.
- Other U.S. states, including Alabama, Texas, and Wyoming, have also explored crypto-based reserves.
- If passed, Minnesota will be one of the first states to invest state reserves in cryptocurrency.
Read Full Article
2 Likes
Intelalley
1d
373
Image Credit: Intelalley
DTCC Offers Tokenized Real-Time Collateral Management
- The Depository Trust & Clearing Corporation (DTCC) has announced a digital collateral management platform on its DTCC Digital Launchpad.
- The platform, built on the DTCC AppChain and LF Decentralized Trust’s Besu blockchain, aims to increase collateral movement and liquidity, facilitate the convergence of traditional and digital assets, and create an open digital liquidity ecosystem.
- The new platform will be showcased in a live event called 'The Great Collateral Experiment' on April 23.
- DTCC plans to engage with the industry to establish the standard for tokenized collateral and continue building on this collateral model.
Read Full Article
22 Likes
TronWeekly
1d
109
Image Credit: TronWeekly
Dogecoin (DOGE) at a Make-or-Break Level: $0.57 Breakout or a Crash to $0.06?
- Dogecoin (DOGE) has defended its $0.16 support despite market-wide turbulence.
- Bitcoin's sharp drop triggered panic selling, affecting DOGE and other altcoins.
- An inverse head and shoulders pattern suggests a potential bullish reversal.
- A breakout above the neckline could push DOGE toward $0.57, while failure may lead to $0.06.
Read Full Article
6 Likes
Blockonomi
1d
260
Image Credit: Blockonomi
XRP (XRP) Price: Technical Indicators Show Bearish Momentum Below $2.10 Level
- XRP price formed a weekly low at $1.98 after failing to break through the $2.23 resistance
- The price is currently trading below $2.10 and the 100-hourly Simple Moving Average
- Analyst Egrag predicts potential downside to $1.79-$1.90 region in April
- Possible upside spike toward $2.80-$3.00 also predicted for April
Read Full Article
15 Likes
Blockonomi
1d
347
Image Credit: Blockonomi
Crypto Market Sees $450M Liquidations Following US Tariff Announcement
- President Donald Trump's announcement of sweeping tariffs on US trading partners triggered sharp price declines in Bitcoin and other cryptocurrencies.
- The crypto market faced massive liquidations, with approximately $450-500 million in combined liquidations of both long and short positions within 24 hours.
- Asian markets tumbled and U.S. Treasury yields slumped to the lowest levels in five months.
- While the short-term market volatility is a concern, some analysts suggest that the tariff clarity could benefit markets in the long term.
Read Full Article
20 Likes
For uninterrupted reading, download the app