Fri, April 19, 2024

Cryptocurrencies

Tether

Tether’s Strategic Pivot: Merging AI And Blockchain

Quick Look: Tether (USDT) restructures into four new divisions to harness tech advancements and align with long-term goals. $427 million invested in AI via Nvidia GPUs. $500 million in Bitcoin mining operations in Uruguay, enhancing blockchain capabilities. Partnerships, like Plan B in Lugano, focus on boosting digital literacy and preparing communities for a tech-driven future. …

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cryptos - NEO, railgun, dogwifhat

Dogwifhat: Swift Ascent and Present Market Assessment

Quick Look: Despite recent drops, Dogwifhat’s value has skyrocketed by 52,514.30% over the past year. Trading at $2.47, down 4.43% today and 23.19% below expectations, with a recent high of $4.80. Predominantly bearish with 78% negative indicators, yet support levels suggest possible bullish reversals. Dogwifhat is a digital asset that recently captured the imagination of …

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Cryptocurrencies - toncoin, inj

INJ’s $52.98 High Amidst 23% Weekly Drop

Quick Look: INJ saw a rollercoaster in prices, recently surging to $25.31 but down 23% week-over-week. The upcoming Injective 3.0 upgrade aims to accelerate token supply reduction. Trading volumes for INJ rose by 17%, with significant growth in Total Value Locked (TVL). Injective Protocol (INJ) has experienced significant price fluctuations recently. Over the last 24 …

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Binance and Kraken crypto exchanges

Kraken, Coinbase Adapt Amid Regulatory Shifts

Quick Look: Kraken ceased Monero support in Ireland and Belgium. Stablecoin suspension in Canada due to local regulations. Launch of Kraken wallet features robust security, supports multiple blockchains, emphasizes user privacy and minimal data collection. Kraken, a major cryptocurrency exchange, has made notable changes to its service offerings in specific regions. Most recently, on April …

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Important Details About European and Asian Stocks, Celestia

Celestia’s 361% Rise and 41% Fall: Crypto’s Wild Ride

Quick Look: Celestia’s volatility spans from a $20.85 peak to $10.71, with analysts foreseeing a $14.23 rebound by April 22. Despite a “Greed” rating, bearish sentiment surrounds Celestia, though it trades above its 200-day SMA. Celestia boasts a $1.84B market cap and $881M daily trades, with 12.08% volatility in the last month. Comparative analysis reveals …

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Crypto lock, web3

SendingNetwork Secures $20M for Web3 Tech

Quick Look: SendingNetwork completes $7.5 million Seed Extension, raising $20 million. Aims to revolutionise online communications with a new TCP/IP stack and “decentralised router.” Plans to grow its team and launch its mainnet by Q1 2025. Targets a multibillion-dollar market with its decentralised application, SendingMe. Strong investor support from firms like Nomad Capital and Web3.com …

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cryptos - NEO, railgun, dogwifhat

Railgun Token Jumps 150% on Vitalik’s Endorsement

Quick Look: Railgun token prices soared 150% following Vitalik Buterin’s endorsement.  A nearly 10,000% spike in trading volume was observed. US regulators are scrutinizing Railgun due to potential misuse. Buterin proposed a zero-knowledge proof system for compliance. Cryptocurrency market cap reached $2.53 trillion, signalling strong investor confidence. Railgun (RAIL), a privacy-focused cryptocurrency, experienced a dramatic …

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Crypto - luna

Terra (LUNA) Proposal 12093 Rejected: 38% Support Amid Turmoil

Quick Look: Proposal 12093 by Terra (LUNA) Classic was rejected with 55% opposition, 1% veto, and 5% abstention. Concerns include vague details, centralization risks, and the absence of KYC. LUNA price increases 8%, trading volume decreases 54%. Mixed signals in the crypto market: USTC is up 7%, and LUNA has gained 7.27%. The community decisively …

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bitcoin

Bitcoin Climbs $65K Amid Tensions and Halving

Quick Look:  Bitcoin recovers to $65,000 despite geopolitical stress. The global crypto market cap stands at $2.36 trillion. Bitcoin halving is set to halve miner rewards on April 20. Rising AI industry competition boosts electricity prices. Hong Kong’s Bitcoin ETFs could drive significant demand. Bitcoin has shown notable resilience in recent days. Thereby navigating through …

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cryptos - NEO, railgun, dogwifhat

Crypto Trends: Neo O2T Growth and Ethereum’s +10% Surge

Quick Look: Option2Trade aggressive strategy boosts the holder count to 17,000 and competes with Neo. Ethereum’s Dencun upgrade will enhance scalability and drive a 10.02% price surge. IOTA gains 9.46%, reflecting interest in IoT communication potential. Despite a weekly dip in NEO, it maintains a 20.4% monthly growth. Raboo’s Meme coin is in the presale …

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Cryptocurrencies, bittorrent

BitTorrent Up 8.49% Today, Predicts 30% Rise by April

Quick Look: BitTorrent (BTT) surges by 8.49%, trading at $0.000002 against USD. Analysts forecast a 30.14% rise by April 16, reaching $0.0000022. RSI nears 50, suggesting a bullish trend; 27 bullish indicators signal a potential breakout. BitTorrent’s volatility presents potential high returns, offering opportunities for investors. In the rapidly fluctuating world of cryptocurrencies, BitTorrent (BTT) …

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Cryptocurrencies - Conflux

Conflux Set for 30% Surge to $0.462, Analysts Forecast

Quick Look: Analysts predict a 30.05% price surge for Conflux (CFX), targeting $0.462016. Key support at $0.341736, with resistance near $0.360318. Neutral market sentiment with bullish technical indicators. Partnership with BlockBooster boosting Web3 development efforts. As of April 17, 2024, market analysts are predicting a significant surge in the price of Conflux (CFX), a key …

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Telegram and toncoin

Toncoin Hits $7 on Telegram IPO Buzz, Up 192.63% YTD

Quick Look: Toncoin (TON) hit an all-time high of $7, marking a 192.63% YTD increase. Telegram IPO rumours fuel excitement alongside TON ecosystem developments. $1 million Toncoin fund launched for Proof of Personhood, boosting ecosystem growth. The top 10 holders control over 60% of Toncoin, raising decentralization concerns. Future targets are set at $7.750 and …

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Fantom

Fantom’s Sonic Launch Fuels 8% Price Surge

Quick Look: Fantom’s (FTM) launch of its first Sonic technology validator led to an 8% price surge. Sonic technology promises up to 200 TPS and sub-600ms finality, aiming for over 180 million transactions daily with real-time confirmation. Following the announcement, FTM’s market cap reached $3.22 billion. Strategic plans include the introduction of memecoins and the …

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crypto halving

Bitcoin Hits $72K as Halving Fuels Rally

Quick Look: Bitcoin’s value soared past $72,000, igniting investor interest ahead of the April 20 reward halving. The upcoming halving will cut the block reward to 3.125 BTC, expected to trigger a bullish market trend. Altcoins and crypto stocks like Coinbase and MicroStrategy posted gains, reflecting broad market optimism. Conversely, the NFT market experienced a …

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