Author: Crypto News

Last updated: April 11, 2024 10:53 EDT | 3 min read SHIB has gained by a very modest 0.5% in the past 24 hours, with the Shiba Inu price moving to $0.00002764 and marking a 2.5% gain in a week.Despite these increases, SHIB remains down by 5% in the last 30 days, although the popular meme token has gained by 145% in a year.Given that its overarching trajectory remains positive, its recent declines have likely come to an end, with the coin looking ready to bounce back again.And as arguably the strongest meme coin in terms of fundamentals, SHIB could…

Last updated: April 11, 2024 07:13 EDT | 1 min read Bankrupt crypto firms FTX Trading and Voyager Digital Holdings have agreed to settle loan disputes, which would help reimburse creditors.The long-standing claims and disputes between both the parties came to an end on Tuesday, which would entirely release the $445 million to Voyager, which includes interest.Voyager’s crash was dragged in by the debacle of crypto hedge fund Three Arrows Capital (3AC). It had loaned about 60% of its holdings to 3AC.According to a motion filed Tuesday the beleaguered FTX asked a Delaware bankruptcy court to approve the deal. It…

Last updated: April 11, 2024 06:22 EDT | 1 min read Bitcoin mining equipment manufacturer Auradine has raised $80 million in a Series B funding round to expand its footstep in blockchain, security, and artificial intelligence industries.According to a recent announcement from Auradine , this round saw participation from new investors including StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital, in addition to leading strategic and angel investors.Existing investors like Celesta Capital, Mayfield Fund, and Marathon Digital also participated in the funding. Thrilled to announce our $80M Series B funding. Getting great customer momentum with $80M in…

Last updated: April 11, 2024 06:17 EDT | 2 min read A law firm specializing in crypto taxation recently filed a trade secrets lawsuit in an Illinois US District Court. It names a competitor and a former employee as defendants, alleging misappropriation of confidential materials through YouTube videos. These include templates, client forms, and other proprietary information.In the lawsuit, Gordon Law Group sued ex-employee Justin McCormick and his current employer, Founder’s CPA on four grounds.McCormick’s tenure at Gordon Law spanned less than nine months, from Dec. 4, 2021 to Aug. 16, 2022. Now, he is a senior associate within the…

Last updated: April 11, 2024 03:51 EDT | 1 min read The web3 move-to-earn app STEPN has launched a 100 million FSL Points ‘trailblazer’ airdrop campaign ahead of its partnership announcement.According to a press release shared with Cryptonews.com, the Solana-based non-fungible token (NFT) project would divide this airdrop worth a total of $30 million into two phases, as the FSL Points are redeemable for STEPN’s native GMT tokens.The 100 Million FSL Points AirdropThe initial phase of the airdrop targeted STEPN’s Badge Holders, distributing FSL Points based on the complexity of their completed in-app activities and challenges.In the second phase, Genesis…

Last updated: April 11, 2024 02:16 EDT | 2 min read Source: Midjourney The European Union’s (EU) securities regulator warned about the high concentration of trading activity on a limited number of crypto exchanges. Notably, Binance, a single platform, controls roughly half of the entire market, it said Wednesday.Analysis from the European Securities and Markets Authority revealed that a mere 10 exchanges handle about 90% of all cryptocurrency trades. Further, the report identified significant variations in market liquidity, with a tendency for larger exchanges to exhibit higher levels of liquidity.“While this might be advantageous from an efficiency standpoint (due to…

Last updated: April 11, 2024 01:15 EDT | 1 min read Source: Midjourney Hong Kong’s Securities and Futures Commission (SFC) granted an expanded license to HashKey Capital. This upgrade enables HashKey to offer its services to retail investors, removing the prior restriction that limited its clientele to professional investors only, the firm said Thursday.This regulatory approval signifies a potential pathway for HashKey Capital to introduce virtual asset investment products to retail investors. However, such offerings remain contingent upon obtaining the necessary product approvals from the SFC.“This development not only demonstrates our leadership in the industry but also opens up exciting…

Last updated: April 10, 2024 23:00 EDT | 2 min read US stock traders are exacting a big influence on Bitcoin (BTC) prices, a South Korean crypto researcher has claimed.Per the media outlet KyungHyang Games, the comments came from Kim Min-seung, the head of the Korbit Research Center at the Korbit crypto exchange.BTC prices versus the South Korean won over the past five days. (Source: Google Finance)US Stock Traders: Activity Influencing BTC Markets?Kim noted that prices were once mainly influenced by the activities of Bitcoin miners and BTC whales. But he said that this has changed in recent months.The Korbit…

Last updated: April 10, 2024 20:36 EDT | 3 min read Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming? / Source: Cryptonews The Dogecoin (DOGE) price is attempting to break back to the north of $0.20, with the crypto market’s biggest meme coin rallying in tandem with Bitcoin on slowing GBTC outflows, with DOGE’s market cap approaching USDC’s.Dogecoin’s market cap was last around $27.8 billion, while total USDC issuance is just over $32 billion.Dogecoin’s price would need to reach just above $0.22 if Dogecoin is to overtake USDC. That’s could be achieved if DOGE is able…

Last updated: April 10, 2024 19:58 EDT | 4 min read ENA, CKB, ORDI make the shortlist for best crypto to buy now. Image by cryptonews.com As Bitcoin (BTC) pumps back above $70,000 on falling GBTC outflows and in spite of hotter-than-expected US inflation figures, traders are scouring altcoin markets as they hunt for the best crypto to buy now for quick gains.Grayscale’s GBTC ETF saw its lowest outflows in one month of just $18 million. That drop in outflows comes in wake of Grayscale’s CEO remarking that he believes sell pressure from bankrupt crypto estates like FTX and Genesis…