Author: Crypto News

Last updated: May 8, 2024 12:01 EDT | 3 min read Among the standout crypto stories, BlockDAG is shining, a project that has captured the imagination of massive online audiences, particularly through the energetic promotions by Famous influencers like Luxe Crypto. Luxe’s recent coverage has been crucial in driving attention to BlockDAG, especially with his optimistic forecast that the coin could reach $50 by 2025. The project is currently in the tenth batch of its presale, with an attractively low coin price of just $0.006, suggesting a bold future. Meanwhile, Stacks (STX) and THORchain (RUNE) have shown volatility. Stacks have dipped…

Last updated: May 8, 2024 11:05 EDT | 2 min read Source: a video screenshot. Emperor Nova01 / YouTube A US university commencement speaker for the class of 2024, entrepreneur Chris Pan, said he was high on ayahuasca while writing his speech, which, among other things, promoted Bitcoin and crypto.The Ohio State University is a public research university in Columbus, Ohio, United States.The Commencement – the ceremony for conferring degrees or diplomas – was held on May 5.The person chosen to deliver a speech to the gathered students, families, and other attendees was Chris Pan.This apparently did not go well,…

Last updated: May 8, 2024 09:24 EDT | 3 min read Celestia’s TIA protocol is falling harder than other leading cryptocurrencies today. Celestia’s $TIA has fallen more than 5% in the last 24 hours to trade at $9.44 as of this writing.TIA is the native token powering Celestia’s modular data availability blockchain, a new solution to the problem of scalability.Celestia stems from British cybersecurity expert Mustafa Al-Bassam’s 2019 whitepaper, LazyLedger. His goal was to create a blockchain ledger that doesn’t do any computation or execution, it just focuses on consensus and making transaction data on the ledger available for anyone…

Last updated: May 8, 2024 09:06 EDT | 3 min read The PEPE price has dipped by 6% today, falling to $0.000007883 as the crypto market loses 3% in the past 24 hours.This price represents a 29% gain in the past week, and while PEPE is flat in a month it has held onto a healthy 245% gain in the past year.And despite today’s loss, analysts remain bullish on PEPE and meme coins more generally, with one prominent crypto influencer – ‘intuitio’ – tweeting this week that he expects PEPE to outperform SHIB.Given its performance over the past 12 months,…

As the worlds of gaming and Web3 converge, Engines of Fury empowers traditional gamers and crypto enthusiasts to explore a gaming landscape where players have more control over their gaming experienceDover, DE, USA, May8, 2024 — ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO of its latest launchpad project, Engines of Fury: a free-to-play top-down extraction shooter designed for Web3. Developed by talents from AAA titles, Blizzard, Activision, Ubisoft, and Unity, its top-down characteristic makes it a first within Web3’s free-to-play shooter arena. Set for May 8, Engines of Fury’s…

There is no denying that the capital market can be a lucrative venture for those who know how to navigate it successfully. However, for beginners, forex trading can be overwhelming and confusing. With so many variables to consider, new traders need to have a solid foundation to build upon. Here are eight tips for beginning traders to help them get started on the right foot.EducationBefore jumping into forex trading, take the time to educate yourself on how the market works, the different types of trading strategies, and the risks involved. There are plenty of resources available online, including books, webinars,…

Last updated: May 8, 2024 07:04 EDT | 3 min read The Floki price has fallen by 7% in the past 24 hours, dropping to $$0.000169 as the cryptocurrency market suffers a 2% decline today.Floki Inu holds onto a 15% increase in the past week, although the meme token has lost 19% in the last 30 days, during a difficult period for the market as a whole.However, the past couple of days have seen several ‘smart money’ traders have been pouring millions into Floki and its popular rival PEPE, with Nansen data showing that one trader alone has bought over…

Last updated: May 8, 2024 05:37 EDT | 10 min read In this report, we explore and analyze the Solana ecosystem downtime, SOL price action, and Solana meme coin action in April 2024, with a particular focus on the reasons for a staggering 56% SOL price drop. Key takeaways: The SOL price experienced a rollercoaster ride, dropping over 56% from $193 to $123 in April due to unresolved network issues and declining on-chain activity. Solana faced network congestion in April, with a staggering 75% of transactions failing at one point. This congestion was attributed to high demand, meme coin trading…

Last updated: May 8, 2024 02:31 EDT | 2 min read LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services with immediate effect. In a Tuesday announcement, the exchange informed its users that new signups and advertisement postings for Monero trades would be disabled immediately. Furthermore, starting from May 14, the platform will no longer support trading of the privacy-focused cryptocurrency. LocalMonero Cites Internal and External FactorsWhile the company cited a combination of internal and external factors for its decision, it did not provide specific details regarding the reasons behind the closure.“After almost 7 years of operation, due to a combination of internal and external…

Last updated: May 8, 2024 01:53 EDT | 1 min read Three Asian-based ventures have joined forces to launch Hong Kong’s first-ever ETF liquidity fund. The fund is valued at HK$1b (about $128m), according to a statement published Wednesday.LD Capital and Antalpha Ventures, along with quant trading firm Highblock, have teamed up for the market-making service. Their liquidity fund aims to boost market activity for Hong Kong crypto ETFs. It will ensure smoother trading and more efficient movement of capital within the Hong Kong ETF market, the statement said.How ETF Liquidity Funds Keep Crypto Trading SmoothETF liquidity funds boost trading…