Author: Crypto News

The ICO for 2024’s new store of value [SOV] altcoin, Mollars (MOLLARS), is pushing quickly towards US$1,500,000.  Today the project’s initial coin offering moved  to 72%, leaving less than 28% of the tokens allocated for the presale available for purchase.What Is Mollars?The new altcoin is highly popular because it’s the answer to Bitcoin for Ethereum Blockchain’s 250-million wallet holders.  A digital store-of-value asset, deflationary in nature, Mollars has an advantage on $BTC because of its blockchain.   Ethereum-blockchain is faster, cheaper to use, and more scalable.Virtually it lacks all the deficiencies of Bitcoin and even eliminates the risk of the…

Last updated: May 18, 2024 08:09 EDT | 2 min read Bitcoin Price Prediction As Bitcoin hovers near the $67,000 mark, trading at $67,243.75 with a recent upswing of 1.41%, questions about its next milestone intensify. With a trading volume of $24.62 billion and a dominant market cap of $1.32 trillion, the prevailing sentiment is cautiously optimistic, stirring discussions on Bitcoin price predictions for an imminent new high. Bitcoin Price Prediction Bitcoin price prediction remains bullish, as BTC’s pivot point is established at $66,680, which is pivotal in determining the direction of Bitcoin’s price movement. The immediate resistance level is…

Last updated: May 18, 2024 04:00 EDT | 2 min read Pavel Durov, the founder of Telegram, has received a generous donation from over half a million players of the viral Telegram-based clicker game called Notcoin.The players donated a portion of their in-game coins to Durov as a gesture of gratitude for the messaging app that hosts the crypto game.The donated haul has now surged in value to millions of dollars, and Durov has said he plans to hold onto the tokens until they experience a 100x increase.Over Notcoin 552,000 Players Donate to DurovIn February, more than 552,000 players of…

Last updated: May 17, 2024 19:14 EDT | 2 min read The crypto industry has made a record $94 million in political donations since 2023 in an effort to support pro-crypto governance.According to a May 17 Bloomberg report, crypto industry donors have contributed $94 million to federal political committees since 2023. This is more than the $83 million donated during the last 2020 election cycle.Most political donations come from political action committees (PACs). These organizations pool member contributions and donate the funds to campaigns for or against candidates, ballot initiatives, or legislation.PACs strategically allocate funds in primaries to influence candidate…

Last updated: May 17, 2024 18:32 EDT | 2 min read Floki Holders Are Flocking to This Crypto Casino Project – 100x Possible in 2024? / Source: Cryptonews As the Floki (FLOKI) bulls eye a quick 50% rally from current levels around $0.00021 to yearly highs above $0.00031 after a key technical break, its holders are beginning to flock to a new crypto casino project called Mega Dice (DICE).FLOKI pushed to the north of an ascending triangle pattern this week and is back above its major moving averages.The broader crypto market has been pumping this week after soft US CPI…

Last updated: May 17, 2024 17:47 EDT | 2 min read In a major move, Turkey drafted a crypto bill, tabled by the ruling party (AK Party) Group Chairperson Abdullah Güler on May 16, to regulate the cryptocurrency market in accordance with international standards. The proposed legislation covers various aspects of the crypto industry, including virtual asset service providers (VASPs), trading platforms, asset storage, and transactions conducted by Turkish residents.Major Provisions Outlined in Turkey’s Crypto BillCryptonews reported earlier in the week that Turkey was planning to submit a draft of its crypto regulation, which prioritizes consumer protection and global standards.…

Last updated: May 17, 2024 17:30 EDT | 2 min read Bank of America (BAC) upgraded its rating on Coinbase (COIN) shares from underperform to neutral on Friday and raised its price target for Coinbase to $217 from $110, reflecting a positive outlook for the cryptocurrency exchange.Following the announcement, the COIN price rose 2.5% in the pre-market and is up 4.23% for the day.Bank of America Cites Favorable Market ConditionsBank of America’s decision to upgrade Coinbase is based on several factors.Analysts led by Mark McLaughlin cited the favorable macro backdrop that has supported the cryptocurrency markets and increased trading volumes.They also…

Last updated: May 17, 2024 16:54 EDT | 3 min read Top Crypto Gainers Today on DEXScreener – SPURDO, BRETT, OMIKAMI / Source: Cryptonews As blue-chip cryptocurrencies post a strong finish to the week, with Bitcoin (BTC), Ether (ETH) and Solana (SOL) up 2.5%-5.5% each over the past 24 hours, traders are turning to the on-chain meme coin markets as they hunt for top crypto gainers today.Bitcoin topped $67,000 on Friday, while Ether and Solana rallied to the upper $3,000s and $160s respectively.US CPI data earlier this week bolstered hopes for multiple Fed interest rate cuts later in the year.…

Last updated: May 17, 2024 16:54 EDT | 2 min read Oklahoma passed a bill on May 13 to protect the rights of its residents to self-custody their digital assets.The legislation, known as OKHB3594, was signed into law by Governor Kevin Stitt and sponsored by four Republicans: State Senators Bill Coleman and Dana Prieto and State Representatives Brian Hill and Cody Maynard.The bill prohibits any restrictions or bans on using self-custody or hardware wallets to store digital assets, which ensures that individuals in Oklahoma have the freedom to control and safeguard their own digital assets without interference from third parties.The…

Last updated: May 17, 2024 16:40 EDT | 2 min read Sam Trabucco, the co-CEO of Alameda Research, has spoken out in support of FTX executive Ryan Salame ahead of his sentencing on May 28, according to an updated May 14 court filing.In a character reference for the former FTX Digital Markets co-CEO, Trabucco described Salame as an “affable” and “complex” person who “doesn’t deserve to be defined by his worst actions.”Alameda Research’s Sam Trabucco Defends FTX Exec Ryan Salame“Simply put, Ryan is my best friend. He has also committed crimes,” Trabucco wrote. “He’s acknowledged that and is prepared to…