Author: Crypto News

Last updated: May 3, 2024 08:00 EDT | 1 min read Volta has raised $4.1 million in seed funding to develop a crypto platform for institutional investors.According to a press release shared with Cryptonews.com, the funding round was led by Fika Ventures and Haven Ventures. Other participants included Soma Capital, Dispersion Capital, and Uphonest Capital.Volta Circuit’s Comprehensive FeaturesThis investment aims to support the multi-signature, non-custodial platform Volta Circuit that targets enhanced speed, security, and compliance for its users.To address scalability, security, and performance, the platform stated that it would integrate smart contract wallets, incorporating direct on-chain enforcement of governance and…

Overall, the global crypto market cap escalated to $2 trillion, reflecting an over 2% increase within 24 hours. This suggests bullish Bitcoin price predictions, particularly in light of recent economic cues from the Federal Reserve indicating a pause in interest rate hikes. Federal Reserve’s Decision Stabilizes Bitcoin as US Dollar Dips Ahead of US Nonfarm Release Federal Reserve Chair Jerome Powell’s recent announcement indicated no further interest rate hikes, impacting financial markets significantly. This policy shift has softened the US dollar’s stance, which in turn has bolstered Bitcoin prices. Although immediate rate cuts aren’t on the table, the possibility remains…

Last updated: May 3, 2024 07:43 EDT | 2 min read Bitcoin’s post-Halving slump has left Solana meme coin traders in the blues, and in a reflection of sentiment, a new depressed rodent token named Sad Hamster has seen HAMMY price explode overnight.This article will provide an analysis of HAMMY’s current price trends and look to see whether an alternative play, DOGEVERSE, represents a more compelling investment opportunity at this time.Sad Hamster is a viral meme that has gained impressive traction in the Solana meme coin market. I tried to tell you at 400K I’m telling you again here at…

Last updated: May 3, 2024 07:06 EDT | 2 min read US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay. Flood and Nickel emphasize the importance of explaining the perceived difference in treatment between options for Bitcoin futures ETFs, which are already trading, and options for spot Bitcoin ETPs. Tendered Reason For Approval RequestThe two lawmakers referenced the SEC’s January approval of spot bitcoin ETFs, highlighting the billions of dollars these products have attracted since their…

Last updated: May 3, 2024 06:56 EDT | 3 min read The Jupiter price has risen by 8% in the past 24 hours, with its move to $1.01 coming as the wider crypto market gains by a more modest 2.5% today.This means that JUP is basically flat in a week, but down by 3% in a fortnight and by 40% in a month.The DeFi utility token is also down by 49% since reaching an all-time high of $2 on January 31 of this year.However, this slippage arguably means that the coin is ready to rebound in a big way, with…

Last updated: May 3, 2024 06:53 EDT | 2 min read Source: Midjourney The Bonk ($BONK) meme coin is one of today’s biggest rallies, with the BONK price skyrocketing 13.4% in 24 hours.The Solamna meme coin currently trades for $0.00002611. Its overnight gains are the highest of any top 100 currency, except Arweave (AR) which blew up 19.5% to trade at $34.98.That also makes it the fastest appreciating meme coin among the seven largest by market capitalization. Sector leader Dogecoin ($DOGE) only added 3.4% overnight and trades at $0.1327 at the start of the weekend. BONK’s trading chart shows an asset…

Last updated: May 3, 2024 06:27 EDT | 2 min read Coinbase has reported a remarkable revenue of $1.6 billion in the first quarter of the year, representing a substantial 72% increase compared to the previous quarter. The largest cryptocurrency exchange in the United States also disclosed a net income of $1.18 billion ($4.40 per share). The impressive performance was driven by a surge in transactions resulting from the overall uptrend in the cryptocurrency market and a favorable change in accounting rules related to cryptocurrencies.Coinbase Transaction Revenue DoublesConsumer transaction revenue experienced a doubling effect, reaching $935.2 million, with volume soaring by over 93% to $56 billion. Institutional trading witnessed…

Last updated: May 3, 2024 06:08 EDT | 3 min read WLD has jumped by 5% in the past 24 hours, with the Worldcoin price moving to $4.74 as the cryptocurrency market enjoys another day of recovery today.Despite this lift, Worldcoin remains down by 1% in a week and by 32% in the last 30 days, with the altcoin – founded by OpenAI CEO Sam Altman – also down by 59% from its all-time high of $11.74 (March 10, 2024).However, the fact that WLD has underperformed within recent timeframes should mean that it continues to recover over the coming days…

Last updated: May 3, 2024 06:02 EDT | 1 min read Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge a blockchain naming patent held by Unstoppable Domains (UD).According to a series of posts ENS published on social media, UD obtained a patent for an open-source technology developed by ENS Labs. The company now has officially petitioned to challenge the validity of the patent. ENS Update 🧵: In 2023 Unstoppable Domains (UD) obtained a patent for technology ENS Labs developed as open-source. Today, we petitioned USPTO to challenge the validity of that patent,…

The volatility of the cryptocurrency market can stop investors in their tracks. However, they also know that this is a time of excitement for them with current bull runs happening all around and BEFE coin emerging as one such exciting contender with high potential. People are talking about it because it has shot up so quickly in value recently and could easily become number one on any list ranking meme currencies. So what is causing this success for BEFE? Let us take a closer look.What Makes BEFE Surge?The BEFE coin has been able to grow exponentially due to its team…