Author: Crypto News

Diversification remains a key strategy for seasoned investors looking to maximize their returns while managing risk. Recently, a prominent Bitcoin (BTC) bull, renowned for his astute investment decisions and multimillion-dollar portfolio, made waves in the crypto community by expanding his holdings beyond the confines of the leading cryptocurrency.  This bull, whose portfolio boasts a staggering $12,000,000 valuation in Bitcoin alone, has set his sights on a lesser-known alternative: Hump Token (HUMP). Priced under $0.01, Hump Token represents a compelling opportunity for investors seeking exposure to the burgeoning world of decentralized finance (DeFi). In this article, we delve into the motivations…

Last updated: May 9, 2024 08:32 EDT | 3 min read SHIB has dropped by 1.5% today, with the Shiba Inu price landing on $0.00002242 as the crypto market suffers a 1% loss in the past 24 hours.The meme token remains up by a very modest 1.5% in a week, although it has also witnessed 10% fall in a fortnight and a 20% decline in a month.However, it’s not all bad news today, with VanEck subsidiary MarketVector launching a meme coin fund yesterday.Such a fund could potentially boost SHIB’s price over time, especially when the coin is the second-biggest component…

Last updated: May 9, 2024 07:23 EDT | 1 min read Rwanda is studying the feasibility of adopting a central bank digital currency (CBDC), exploring benefits, risks and practicalities of implementing a retail CBDC.The National Bank of Rwanda (BNR) released a feasibility report on Wednesday, assessing possible opportunities for a CBDC in Rwanda. The central bank is adopting latest innovative technologies, and the CBDC is curated to local norms and conditions.“The feasibility study finds that there are opportunities for improvements in the payments landscape of Rwanda,” the report read. “The identified Sweet Spots are well-positioned to address these opportunities.”The bank…

In the crypto market today, there’s a growing list of altcoins in circulation, which ultimately confuses most investors as they don’t understand which project to trust. That’s why investors who don’t want to take any chances try their best to observe the performances of altcoins before making any move. Bitgert coin has recently been enjoying an increase in value, which is drawing the interest of strategic investors to the token.Since there are several projects in the market, analysts are always on their heels studying their performance on the crypto charts. Once they can spot a coin that’s moving well and…

Last updated: May 9, 2024 04:45 EDT | 1 min read Core Scientific announced its financial results for the first quarter of 2024, highlighting a significant recovery with a net income of $211 million.According to its latest press release, Core Scientific’s performance this quarter marked a notable improvement from the previous year’s figures. The company attributed this turnaround to an increase in revenue generated from both Bitcoin mining and hosting services. Core Scientific’s Strong Performance in Q1 Core Scientific reported a substantial rise in net income, achieving $210.7 million, compared to a net loss of $0.4 million in the same…

Last updated: May 9, 2024 02:28 EDT | 2 min read Popular trading platform Robinhood has experienced a substantial increase in crypto trading volumes during the first quarter, with a surge of 224% to reach $36 billion.The growth played a significant role in driving the company’s transaction-based revenue up 59% year-over-year to $329 million, with crypto-related revenue alone witnessing a substantial 232% rise to $126 million, according to Robinhood’s recent report.The surge in crypto trading volumes on Robinhood’s platform comes as no surprise, as other publicly traded crypto peers such as Coinbase have also reported impressive first-quarter performances due to the…

Last updated: May 9, 2024 02:28 EDT | 11 min read Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial contentAlgorithmic trading has been a game-changer for seasoned investors and newcomers alike, offering the potential for rapid execution and data-driven decision-making.Immediate Atarax is one such trading platform, claiming to provide AI-powered capabilities to navigate the volatile markets of cryptocurrencies, forex, stocks, and more. But is this innovative approach worth the risk? Discover the answer to this query in this comprehensive review in which we delve into each one of its features before giving a…

Last updated: May 9, 2024 01:21 EDT | 1 min read Nigeria has fired back at Binance Holdings’ bribe accusation, claiming it’s a distraction to shift focus away from the exchange’s actions.The statement on Wednesday followed Binance CEO Richard Teng’s blog post, where he accused a Nigerian government official of pressuring crypto representatives to accept a secret agreement. This agreement would supposedly settle claims the Nigerian government has against the exchange.“Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company,” the Ministry…

Last updated: May 9, 2024 00:26 EDT | 1 min read Donald Trump, former US President and current presidential candidate, on Wednesday hosted a special event at his Mar-a-Lago resort in Florida for NFT owners, where he voiced his support for crypto.The presumptive Republican presidential candidate held the event for fans who purchased at least 47 of his NFTs, each costing $99.During a Q&A session, he agreed with a participant who said many cryptocurrency businesses are leaving the country “because of the hostility.” He likely pointed to the Securities and Exchange Commission’s recent enforcement actions against crypto companies, including industry…

As the demand for more meme coins with not just moon potentials, but also some utility on the Solana blockchain intensifies, a new contender, Penguiana ($PENGU) has emerged and is causing a stir in the meme coin market.In just a few days since the presale was launched, it has astonishingly garnered 600 SOL in investments, which has sparked debates on whether this penguin-themed token is poised to rival the success of previous Solana meme coins like Slothana & Book Of Meme (BOME).Early investors interested in being one of the first holders of the $PENGU token are invited to visit the…