Author: Crypto News

Last updated: May 2, 2024 20:47 EDT | 2 min read Traders turn to tools such as DEXScreener as they hunt for top crypto gainers today in the on-chain markets / Source: Cryptonews As blue-chip cryptos stabilize following a tumble earlier this week, with Bitcoin (BTC) consolidating below $60,000, traders are turning to the on-chain markets as they hunt for top crypto gainers today.Bitcoin was last trading close to $59,000 as traders digest recent macro developments. Negative ETF flows are also on the radar after BlackRock’s IBIT saw its first outflows since its January launch. Yesterday’s ETF flows were extremely negative.We had…

Last updated: May 2, 2024 20:30 EDT | 3 min read Neo Price Prediction as NEO Token Slips 2.3% Despite Market Rebound – Can NEO Reach $20? / Source: TradingViewThe Neo (NEO) price is in focus as the cryptocurrency slips despite a broader market rebound, and as it tests a key medium-term uptrend.NEO was last changing hands just above $16, having traded as low as $15.35 on Wednesday.Neo is a smart contract blockchain that was launched back in 2014, before rebranding to the name Neo in 2017.As per CoinMarketCap, its market cap was last just over $1.1 billion.Despite its age,…

Last updated: May 2, 2024 19:30 EDT | 2 min read Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed.Speaking to the Russian media outlet Izvestia, Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, said that “nations” were “exploring the use of DFAs and central bank digital currencies.”Mohsen claimed that CBDC-powered “options” could “simplify trade” between Tehran and Moscow.Iran and Russia: ‘There’s a Need to Create Regulations for CBDC Trade’The attaché stated that CBDCs, including the digital ruble and Iran’s project, the so-called crypto-rial, could “potentially mitigate…

Last updated: May 2, 2024 18:06 EDT | 3 min read Thursday, May 2, 2024 – A presale for Sealana ($SEAL), the all-American redneck seal, launched on Solana yesterday, taking in $100,000 within minutes of launch.In a sector dominated by land-roving canines, one marine mammal is trading his way out of mom’s basement like a true 21st-century patriot pursuing the elusive American Dream.If his face is familiar, that’s because Sealana is a spin on the viral South Park character Gamer Guy, aka Fat Computer Nerd.Gamer Guy appeared in the hit cartoon’s side-splitting World of Warcraft episode and instantly became a…

Last updated: May 2, 2024 17:43 EDT | 2 min read MoonPay partnered with financial technology giant PayPal on May 2 to expand its crypto trading services within the United States. This collaboration allows MoonPay users to purchase and sell over 100 cryptocurrencies, including Bitcoin and Ethereum, using various payment methods linked to their PayPal accounts.The company announced that MoonPay users in the U.S. can now complete fiat-to-crypto transactions through wallets, bank transfers, or debit cards using a PayPal account.Crypto Now Available To Moonpay US Users 🌙 Exciting news from MoonPay! 💳 Today, we’re thrilled to announce a game-changing integration:…

Last updated: May 2, 2024 16:35 EDT | 4 min read Bitcoin Price PredictionAs the meme coin market shows signs of revival, Bitcoin also displayed robust market activity, trading at approximately $59,140 with a 24-hour trading volume of about $35 billion.  The cryptocurrency has increased by around 3.25% in the last day, mirroring the gains seen in the recovering meme coin market. With its market capitalization holding steady at roughly $1.16 trillion, Bitcoin maintains its status as the leading digital asset amidst fluctuating economic indicators and legislative changes. Meme Coin Market RecoversPopcat (POPCAT)The meme coin market is experiencing a resurgence, with…

Last updated: May 2, 2024 16:03 EDT | 2 min read Analysts at cryptocurrency exchange Bitfinex predict the price of Bitcoin could consolidate for up to two months post-halving.The latest edition of the Bitfinex Alpha market report released on April 29 noted that Bitcoin could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire cryptocurrency market cap.Bitcoin’s Price Still Has Room for GrowthBitfinex stated Bitcoin is undervalued. The Market Value to Realised Value (MVRM) ratio is currently at 2.21. Binfinex noted this as a potential entry point for investors, especially…

Last updated: May 2, 2024 14:44 EDT | 2 min read The Hundred Finance hacker, responsible for the $7.4 million crypto theft, resurfaced on May 1 after a year of inactivity and started moving crypto assets from Curve’s decentralized exchange.Etherscan data revealed that a year ago, the hacker withdrew ETH and USDT worth about $800,000 that had previously served as liquidity on Curve.Hundred Finance Hacker Generates $1M ProfitFollowing the withdrawal, the culprit converted the USDT and smaller amounts of altcoins, including PAXG and DAI, into Ethereum. These transactions increased the hacker’s Ether holdings by over $1 million. #Hundred Finance hacker…

Jump Crypto launched Wormhole in 2021- a protocol that enables transfers of data and tokens between blockchains. It consists of components like Wormhole Queries, Wormhole ZK, and Wormhole Gateway, all running on the Wormhole Core Contract alongside Guardian nodes and Emitter contracts. The uses of Wormhole span across areas such as finance (DeFi), Non Fungible Tokens (NFTs), governance, and shared liquidity. The W token is pivotal in allowing chain transfers and interoperability, promoting the smooth exchange of assets and data among different blockchain networks. Currently, the price of Wormhole stands at $0.7483 after experiencing a 15% increase over the last…

Last updated: May 2, 2024 13:43 EDT | 2 min read The US Treasury’s Office of Foreign Assets Control (OFAC) took action against a developer at OKO Design Bureau on May 1, a Russia-based drone maker. OFAC sanctioned the developer and added three crypto addresses associated with the firm to the Specially Designated Nationals (SDN) list.According to OFAC’s press release, the OKO Design Bureau developer is one of the 300 individuals and entities sanctioned to limit Russia’s access to the global financial system and disrupt its influence in the war against Ukraine, as the country is reportedly using cryptocurrency to…