Author: Crypto News

Last updated: April 8, 2024 17:19 EDT | 2 min read A new class of meme coins, “culture coins”, centered around cultural values such as politics, lifestyle, and religion could achieve greater growth in this cycle than meme coins such as Dogecoin and Shiba Inu, according to Mechanism Capital co-founder Andrew Kang.Kang tweeted on April 7 that meme coins focusing on deeper cultural themes could offer greater profit potential than traditional meme tokens centered around animals and simple jokes.Emergence of Culture Coins: Investing in Memecoins with Strong Cultural Affiliations Culture Coins: A new class of Memecoins You could consider all…

Last updated: April 8, 2024 16:40 EDT | 2 min read Manhattan federal court with cryptocurrencies surrounding it. The long-awaited trial of alleged Mango Markets crypto criminal Avraham Eisenberg got underway as jury selection began in Manhattan federal court Monday. Eisenberg is accused of stealing an estimated $110 million out of the crypto exchange Mango Markets by utilizing their cryptocurrency MNGO for fraud.Originally arrested in December 2022, Eisenberg is facing one count each of commodities fraud, commodities manipulation, and wire fraud related to the cryptocurrency scheme.Trial Of Mango Markets Manipulator BeginsProsecutors allege Eisenberg sold off a large number of Mango…

Last updated: April 8, 2024 16:03 EDT | 2 min read Cardano founder Charles Hoskinson broke his silence on April 7 on the criticism of his network and its native token, ADA. He likened the challenges faced in the crypto industry to those in the artificial intelligence (AI) sector, focusing on the issues of competition and sustainability in both sectors.Hoskinson also highlighted his network’s reliability and strength and touched on the game-changing upgrades that could bolster the blockchain system and ensure the network’s sustainability for generations.Hoskinson Believes Cardano is Prepared for Scalability & InnovationIn a post on X, the Cardano…

Last updated: April 8, 2024 16:01 EDT | 1 min read European digital asset manager CoinShares claims Bitcoin ETF hype is slowing down despite the asset’s latest return above $71,000 per coin.In a Monday blog post, the firm highlighted how the biggest Bitcoin funds are still posting sizable inflow figures – but smaller than they were at their peak in early March.CoinShares’ Bitcoin Flow Tracker“Volumes last week declined to US$17.4bn for the week compared to US$43bn in the first week of March,” wrote CoinShares Head of Research James Butterfill.Flows to digital asset products for the week totaled $646 million, the…

Last updated: April 8, 2024 14:11 EDT | 2 min read A graph with cryptocurrencies overlaid. JPMorgan CEO Jamie Dimon warned his fellow shareholders of increased U.S. inflation due to “a growing need for increased spending” in his annual shareholder letter published on Monday.Covering everything from AI to policy making, Dimon’s letter lauded the U.S. economy for being “resilient” despite an “unsettling landscape,” particularly in the face of growing inflation concerns.JPMorgan CEO Reveals U.S. Inflation Concerns“There is also a growing need for increased spending as we continue transitioning to a greener economy, restructuring global supply chains, boosting military expenditure, and…

Last updated: April 8, 2024 17:26 EDT | 3 min read Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X Account As bullish momentum returns to the crypto market on Monday and Bitcoin (BTC) eyes a retest of its all-time highs, traders looking to turn a quick profit are flocking to the on-chain micro-cap markets as they hunt for top crypto gainers today.Blue-chip crypto markets are pumping on Monday, with Bitcoin up over 2% and trading above $71,500. Ether (ETH) is up close to 8% in 24 hours, as per CoinMarketCap to the mid-$3,600s.A…

Last updated: April 8, 2024 11:50 EDT | 3 min read Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis.In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head of capacity building. In this capacity, he will focus on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.Former IRS Chief Joins Chainalysis to Combat Crypto Crime We’re honored to welcome former IRS-CI…

Last updated: April 8, 2024 11:47 EDT | 3 min read The dYdX community has voted to stake 20 million dYdX tokens, worth around $60 million at the time of publication, using Stride’s staking service for Cosmos blockchains.The decentralized exchange (DEX) platform dYdX allows users to trade perpetual futures contracts (aka perpetual contracts). In its most recent iteration (dYdX v4), it moved to launch its own fully independent blockchain dYdX chain in October 2023 built on the Cosmos blockchain.This blockchain is completely independent of its parent company, as dYdX’s DAO oversees its governance. dYdX’s native token also doubles as its…

Last updated: April 8, 2024 11:30 EDT | 2 min read SLOTH’s ICO has raised a staggering $10 million Slothana, the new red-eyed sloth who lives on Slothana, has raised an eye-watering $10 million barely two weeks into an ICO for his new $SLOTH token.The news comes as Solana meme coins follow market leaders Bitcoin and Ethereum into a small market-wide rally off the back of anticipation of the Bitcoin halving next week. Ethereum’s sophisticated smart contract functionality made it the network of choice for meme coin projects for a long time. However, with the expansion and development of so-called “Ethereum…

Last updated: April 8, 2024 10:27 EDT | 3 min read The Shiba Inu price has gained by 3% today, rising to $0.00002909, as the crypto market as a whole has enjoyed a 4.5% increase in the past 24 hours.SHIB is now up by 1.5% in a week and by 4.5% in a fortnight, although the popular meme token is actually down by 15% in the last 30 days.Despite this disappointing performance, the coin’s trading volume – which has risen from $350 million to $700 million in the past couple of days – suggests that it’s about to enjoy a…