Author: Crypto News
Last updated: April 12, 2024 15:53 EDT | 5 min read The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto. We have 1/ the years of experience 2/ regulatory footprint 3/ a strong balance sheet and 4/ a network with near global payout coverage, to offer the best of… https://t.co/GlyqhYl9ES…
Last updated: April 12, 2024 15:24 EDT | 1 min read Hong Kong is expected to approve Bitcoin and Ether ETFs as early as Monday, according to two sources familiar with the matter, marking a big step for the cryptocurrency industry in the region.Harvest Fund Management, along with Bosera Asset Management and HashKey Capital, is anticipated to receive approval for its spot Bitcoin and Ether ETF applications.By the end of April, the ETFs are expected to receive the green light from the Securities and Future Commissions (SFC). Additionally, the SFC is reportedly collaborating with Hong Kong Exchanges & Clearing Ltd…
Last updated: April 12, 2024 14:01 EDT | 2 min read Lawmakers convene on Capitol Hill to forge the future of stablecoin regulation. Image by Julia Smith, Midjourney. Leading U.S. lawmakers from the House Financial Services Committee met with Senate Majority Leader Chuck Schumer Thursday afternoon to discuss their long-awaited stablecoin bill.House Financial Services Committee Reps. Meet With Senator Chuck SchumerAccording to Punchbowl News, Congresswoman Maxine Waters (D-CA) and Congressman Patrick McHenry (R-NC) were seen entering Schumer’s office on April 11 to pitch their yet-to-be-released stablecoin bill proposal. Reports say McHenry and Waters discussed linking their stablecoin reform to the…
Last updated: April 12, 2024 13:33 EDT | 4 min read BTT, CRO, BNB make the shortlist for best crypto to buy now. Image by cryptonews.com As blue-chip cryptocurrencies consolidate within recent ranges, with Bitcoin (BTC) continuing to swing either side of $70,000, traders and investors are looking for the best crypto to buy now in the altcoin market that might offer the prospect of quick gains.Major cryptocurrencies have been indecisive this week as traders weigh various themes.Bitcoin, last trading in the upper $68,000s, has swing between lows around $67,500 and highs around $72,500 this week.Traders continue to monitor themes…
Last updated: April 12, 2024 13:16 EDT | 1 min read The first quarter of 2024 saw a major increase in demand for complex crypto products due to the crypto bull market, according to reports from various exchanges.Bitget’s Q1 2024 Report shows a 100% surge in spot and futures trading transaction volume, topping $1.4 trillion and $160 billion, respectively.The surge represents a substantial growth from the $658 billion in futures trading volume and $59 billion in spot trading volume, respectively, in Q1 of 2023. Bitget Trading Volume and the Crypto RallyIn the first quarter, Bitget became home to more than 25 million users through its web3 wallet…
Last updated: April 12, 2024 13:02 EDT | 3 min read Cutting edge AI token Bittensor (TAO) has fallen 20% in 24 hours to trade at $572, only a day after listing on Binance in what looks like “buy the rumour, sell the news” trading activity, according to data by Coin Gecko.Bittensor is a pioneering peer-to-peer (p2p) machine learning protocol that incentivizes participants to train machine learners across a global decentralized network of nodes.By spreading the computing load across multiple nodes, the Bittensor team hopes to create a collaborative and open-source AI training ecosystem that will rival the more centralized…
Last updated: April 12, 2024 12:58 EDT | 2 min read Shark-themed SHORK price has exploded to become today’s strongest Solana meme coin market performer, but could another coin be the next to explode?This article will provide an analysis of SHORK’s current price trends and look to see whether an innovative multichain token, Dogeverse, represents a more promising investment opportunity at this time. For those wondering, yes I am running the @shork_coin twitter All off good vibes, no current position (will change likely) You are in good hands frens 🦈 Lets #shork — Gannon Breslin (@gannonbreslin) April 12, 2024The SHORK…
Last updated: April 12, 2024 12:45 EDT | 2 min read The victims of an investment fraud scheme have called on China to negotiate with the UK government to recover 61,000 Bitcoin seized in a money laundering investigation, valued at $4.3 billion at the time of publication.This Bitcoin is the result of a $6.2 Billion wealth management fraud conducted between 2014 and 2017, fronted by Chinese company Tianjin Lantian Gerui Electronic Technology. In which, more than 128,000 people were defrauded.The UK government became aware of the situation after ex-restaurant worker Jian Wen attempted to launder funds by purchasing a $30…
Best Crypto to Buy Now April 12 – BTT, CRO, BNB As blue-chip cryptocurrencies consolidate within recent ranges, with Bitcoin (BTC) continuing to swing either side of $70,000, traders and investors are looking for the best crypto to buy now in the altcoin market that might offer the prospect of quick gains. Read the full article here
Last updated: April 12, 2024 11:40 EDT | 2 min read Embark on an exploration of BlockDAG‘s ambitious journey to ascend into the top 10 cryptocurrencies by 2024, boasting a projected 30,000X return on investment that aims to overshadow the accomplishments of industry giants like Solana and PEPE. BlockDAG stands out with its innovative integration of blockchain and Directed Acyclic Graph (DAG) technologies, promising unparalleled security and transaction speed. As Solana cements its position in DeFi and PEPE captures the meme coin market, BlockDAG is poised to redefine the crypto landscape, offering investors and enthusiasts a groundbreaking opportunity to be part…