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Showing posts from March, 2024

Binance Launchpool Announces Plans To Roll Out Trading Support for New Ethereum-Based Synthetic Dollar Protocol

Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” Explains the project’s whitepaper, “The ‘Internet Bond’ will combine yield derived from staked Ethereum as well as the funding and basis spread from perpetual and futures’ markets, to create the first on-chain crypto-native ‘bond’ that can function as a dollar-denominated savings instrument for users in permitted jurisdictions.” Between March 30th and April 2nd, Binance users can stake BNB as well...

Currency: Gold's Anticipated $2,500 Bullish Momentum May End Up Jeopardizing USD's Prestige 

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The price of gold is showing a positive uptrend, compelling investors to pick sides. With faith in USD as a currency dwindling, gold and silver have lately emerged as solid support systems and robust stores of value.  With Gold’s recent bullish outbreak, it is now coming out of its consolidation phase and entering a positive uptrend. The price has already breached the $2,100 mark, leading analysts to forecast new price projections for the yellow metal.  Also Read: Currency Wars: Declining USD Bolsters Prospects for Gold and Silver Gold Jeopardizing USD? Source: Capital.com / Shutterstock The US Dollar has lately been a topic of despair among analysts and financial experts. The currency’s dwindling value and declining purchasing power are compelling investors to look for other robust options.  In the absence of major economic events in the United States (US), investors have been buying gold in response to growing speculation that the Federal Re...

DOGE dynasty: Whales scoop up $280 million in two-week buying spree

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Amid bullish times for the majority of assets in the cryptocurrency sector, the popular doge meme crypto Dogecoin (DOGE) is recording gains on all of its charts and massive interest coming from the market’s largest investors, suggesting more price increases. As it happens, Dogecoin whales have bagged 1.4 billion DOGE or around $280 million worth of the asset in the past two weeks alone, according to the most recent data observations shared by renowned crypto trading expert Ali Martinez in an X post on March 29. Dogecoin whale purchases. Source: Ali Martinez Indeed, the whale purchases of Elon Musk’s favorite doge meme crypto, specifically in the 10 million – 100 million range, have intensified in recent weeks, soaring from the mere 15.33 billion DOGE in mid-March to the current 16.73 billion DOGE, as the analyst’s chart demonstrates. Picks for you R. Kiyosaki reveals why ‘Boomer retirements’ are going broke 1 hour ago How rich is the famous congresswoman i...

New and Best Meme Coins To Buy Thursday, March 28 – Catecoin, Befe, AiAkita, Sponge V2 

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The crypto bull market is in a frenzy following the approval of the Bitcoin ETF in the U.S. Institutional investors have started pouring money into new meme coins following this news. This memorable milestone has ushered in an astonishing bull run. These bullish factors favour almost every coin, including meme coins . It has pushed the total market cap into the trillions and ignited a new meme token bull season. In this bull run, one unexpected project rapidly separates itself from the pack – BEFE. While household names like PEPE and Shiba Inu max out due to their tokenomic restraints, BEFE’s powerful fundamentals could propel it far beyond the $1 mark that its competitors can only dream of. New and Best Meme Coins to Buy Now For investors who missed the impressive price surge of over 100% with Sponge V1, V2 offers a lucrative opportunity. Building on the success of its predecessor, the meme coin aims to surpass its achievements. Moreover, its strong presence on social m...

Roger Ver would support Bitcoin again if this happens

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Roger Ver was one of the most vocal and important figures for Bitcoin’s (BTC) worldwide adoption in the early days. The well-known investor and entrepreneur appeared in an interview on the Bitcoin Takeover Podcast on March 27. Among different topics, Roger Ver discussed with Vlad Costa about Ross Ulbricht’s 40th birthday, his thoughts on cryptocurrencies, and what would take Ver to vocally support Bitcoin again. In particular, he explains that he would need to see Bitcoin being able to provide more economic freedom to the world. However, Roger Ver does not think this has been the case for the past seven years. Picks for you U.S. debt to hit $57 trillion by 2030 at current pace 2 hours ago Pyth Network and Caldera announce the integration of rollups and Oracle data 3 hours ago How Putin and Xi are secretly fueling Gold's record rally 3 hours ago Silk Road founder celebrates 40th birthday in prison today 3 hours ago “As soon as I see BTC a...

Trader Records 308x Gains After Being Early Into New Memecoin on Base: Lookonchain

A trader is enjoying massive gains after being an early investor in a new memecoin launched on Coinbase’s Ethereum (ETH) layer-2 scaling solution Base. According to blockchain tracking firm Lookonchain, one savvy trader achieved a 308x gain after using three ETH worth $6,991 in January to purchase Degen (DEGEN). “Only invested three ETH ($6,991) on DEGEN, this trader made $2.15 million, a gain of 308x! He spent three ETH ($6,991) to buy 277 million DEGEN on January 8th, then sold 77 million DEGEN for 134 ETH ($370,000), with 100 million DEGEN ($1.79 million) left.” DEGEN, which launched on Base in January, is the first memecoin to soar on Farcaster, a blockchain protocol for building social networks. According to the memecoin’s website, the project aims to give users of Farcaster’s ecosystem the ability to reward those “posting quality content” and bridge “the gap between online contributions and real-world value.” Deep-pocketed investors continue to ...

Scoop: Nilam Resources CEO resigns day after 24,800-bitcoin announcement

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In a confusing press release that described a letter-of-intent, a penny stock called Nilam Resources announced that, along with Mauritius-based company Xyberdata, it would be acquiring a yet-to-be-established special purpose entity called MindWave so it can get its hands on 24,800 bitcoin s. However, the letter doesn’t detail how it will obtain the billions of dollars worth of the cryptocurrency. The confusion around the acquisition is compounded by the current financial status of each firm, with Nilam Resource’s corporate snapshot projecting it will have only $2 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). Xyberdata’s unaudited financial statements reveal it had approximately $70 million in ‘shareholder funds’ with only $1.5 million cash in hand. This is significantly less than the approximately $1.2 billion price of the bitcoin these firms are supposedly acquiring, and it’s not clear how either firm would raise that much....

Top 3 Crypto Presales to Watch for Potential 10x-15x Gains – Bitcoin Minetrix, Dogecoin20, and Green Bitcoin

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This guide helps investors navigate through the continuous flow of new cryptocurrencies by highlighting the top crypto presales of 2024. It’s important to pick out the best crypto projects because not every new cryptocurrency will do well in the future. That’s why we’ve looked at some of the most promising projects based on how they’re performing, including new tokens that are still in the presale stage and are popular among early investors. 3 Best crypto presales to invest in 2024 Here’s a list of new cryptocurrencies to invest in, covering a range of categories like meme coins, eco-friendly projects, and more. Let’s examine the top new crypto projects closely so you can determine which ones to purchase. Apart from the list below, explore our top crypto ICOs for consideration. Bitcoin Minetrix (BTCMTX) Bitcoin Minetrix (BTCMTX) transforms cloud mining by allowing users to stake their $BTCMTX tokens through an Ethereum-powered smart contract, e...

Trial against Terraform Labs and Do Kwon to begin in NYC in Kwon’s absence

The trial against Terraform Labs and Do Kwon begins in NYC post-prison release. SEC accuses Kwon of fraud over TerraUSD collapse, sparking $40B loss. As the NYC trial unfolds, the US and South Korea are fighting for his extradition. In a pivotal moment for the cryptocurrency world, the trial against Terraform Labs and its founder, Do Kwon, commences in New York City today. 💥 GM CryptoX – 2 x important dates for the bad boys of crypto 🔸 Today is the start of Do Kwons US 🇺🇸 #SEC trial 🔸 Thursday sees the sentencing of former #FTX CEO Sam Bankman Fried #SBF pic.twitter.com/XhJ0Mv3Rvb — RR2Capital (@RR2Capital) March 25, 2024 Interestingly, the developments follow Kwon’s release from prison in Montenegrin, setting the stage for a legal battle that has captured international attention. Do Kwon’s trial jury selection already underway The trial, spearheaded by the United States Securities and E...

Binance exec accused of tax evasion flees Nigeria during mosque visit

A Binance executive detained in Nigeria and accused of tax evasion offenses has fled the country, according to local media. Nadeem Anjarwalla was detained with fellow Binance exec Tigran Gambaryan late last month shortly after Nigeria banned several crypto exchanges from operating in the country. It was announced today that the pair, along with Binance itself, were officially accused of four tax offenses by Nigeria’s Federal Inland Revenue Service. The charges filed in the Abuja Federal High Court last Friday claim the defendants failed to submit tax returns , were complicit in helping users evade taxes while using the Binance platform, and failed to pay value-added tax (VAT) and company income tax.  “ Binance did not adhere to these requirements, thus violating Nigeria n Law s and potentially facing investigation and legal action for this infraction,” a statement from the state tax agency said. Binance execs detained in Nigeria still being questioned over illicit fund flows ...

Top Trending Crypto Coins on Dextool – Felix, Badger DAO, Grimreaper

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Generally, the overall price actions of assets in the crypto market are largely influenced by the fund outflow from Bitcoin ETFs in the past few weeks. The occurrence has led to gross uncertainty in the market, with many cryptocurrencies slipping into protracted consolidation. Amidst the overall sideways trends in the crypto market, a few assets have had outstanding performances. Today’s top trending list on Dextools is dominated by some of these cryptocurrencies, with a handful highlighted in this post. Top Trending Crypto Coins on Dextool  On the other hand, visionary teams have seized the opportunity to unveil projects that could become top-trending cryptos. On such projects is the Dogecoin20, which has raised over $6 million through its presale offering and is on track to become one of this bull market’s best-performing memecoin presales. Below is a brief highlight of its presale. 1. Felix Token (FLX) Felix is more than just a cryptocurrency; it’s a commu...

Toncoin (TON) and Dogecoin (DOGE) investors turn attention to NuggetRush (NUGX) presale for potential gains

TLDR NuggetRush is an exciting altcoin at the intersection of P2E, memes, GameFi and NFTs. Investors are flocking to the presale due to its novelty and astounding upside potential. Some analysts suggest a 65x spike after its market debut. Presale tokens are the talk of the Crypto town, from the trendy president memecoins to Choose Rich memecoins , to name a few. A new and emerging Crypto that seems to be stirring up much buzz currently is NuggetRush (NUGX) , a utility-backed memecoin. Brimming with potential, some analysts have indicated it could be one of the best altcoins to invest in as it captures investors’ attention, including Toncoin (TON) and Dogecoin (DOGE) holders. >> Buy NuggetRush Now << NuggetRush (NUGX): A new investor favorite NuggetRush (NUGX) is an emerging Crypto being eyed for its potential for massive gains , notably among Dogecoin and Toncoin holders. It stands out thanks to its fascinating blend of memes and ...

BlockDAG presale hits $6.8 million, Maker retraces recent gains and Starknet makes a splash

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BlockDAG has impressed analysts with a $6.8 million presale The Maker token (MKR) has fallen off its recent $3.3k high to test support levels at $2.7k Starknet has had a promising first month of trading A growing number of crypto enthusiasts are making comparisons between the new BlockDAG coin and established tokens like Maker (MKR) and Starknet (STRK). The focus is on how BlockDAG‘s advanced technology potentially reshapes banking, setting a new benchmark in the industry and challenging the traditional frameworks. Maker (MKR) Price Dynamics The Maker token (MKR) has recent ly seen a whirlwind of activity with its price experiencing substantial volatility. The MKR price soared to a yearly high of $3.3k, subsequently retracting to $2.7k. This fluctuation reflects market sentiment and strategic movements within the ecosystem, with significant entities and whales capitalising on these shifts. The Maker (MKR) price oscillations are more than mere numbers ...

Analyst Who Nailed 2022 Crypto Bottom Says Dogecoin Could Explode by Over 500%, Updates Outlook on Bitcoin

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A closely followed crypto analyst is expressing bullish sentiment on Dogecoin (DOGE) as he forecasts the potential path forward for Bitcoin (BTC). Starting with Dogecoin, the analyst pseudonymously known as DonAlt tells the 58,200 subscribers of the TechnicalRoundup YouTube channel that it “isn’t too unlikely” for the leading memecoin by market cap to reach a price of $1, a potential gain of roughly 554% from the current level. Dogecoin is trading at $0.153 at time of writing. The pseudonymous analyst says that he is bullish on Dogecoin due to the memecoin’s recent price action against Bitcoin which suggested strong support. “The reason why I found DOGE interesting is because it it kind of dipped back into support on the BTC chart.” On what would invalidate his bullish thesis for Dogecoin, DonAlt says, “Invalidation down here somewhere [above $0.05], target up there [$1]… I think that’s not the worst… especially when it was trading...