https://thenewscrypto.com/bybit-secures-preliminary-approval-in-kazakhstan-as-a-crypto-custody-kaservice-provider/

• Bybit’s approval in Kazakhstan boosts investor confidence.
• The recognition validates Bybit’s commitment to robust security measures.

Bybit, a prominent cryptocurrency exchange, has achieved a significant milestone in its global expansion strategy by receiving preliminary approval from regulatory authorities in Kazakhstan. Moreover, this approval positions Bybit as a trusted cryptocurrency custody service provider, further bolstering the acceptance and adoption of cryptocurrencies within Central Asia.

Kazakhstan has emerged as a proactive nation in embracing blockchain technology and cryptocurrencies. In addition, the country has recognized the potential of cryptocurrencies to drive economic growth and innovation, leading to the formulation of progressive regulatory frameworks. Evenmore, by welcoming cryptocurrency businesses and encouraging their development, Kazakhstan aims to establish itself as a regional hub for digital assets and attract international investors.

Bybit’s Commitment to Regulatory Compliance:

Bybit’s attainment of preliminary approval as a cryptocurrency custody service provider in Kazakhstan demonstrates its unwavering commitment to upholding regulatory standards. Added to this, the recognition is a testament to Bybit’s adherence to stringent security measures, robust KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols, and its dedication to safeguarding users’ digital assets.

Furthermore, with Bybit’s accreditation as a cryptocurrency custody service provider, users gain an added layer of security for their funds. Bybit’s established reputation for providing a secure and reliable trading experience is further enhanced by its commitment to ensuring the safety and integrity of users’ assets. In addition, this approval bolsters investor confidence, fostering a greater sense of trust and protection within the cryptocurrency ecosystem.

Expanding Bybit’s Global Footprint:

Bybit’s entrance into the Kazakhstan market signifies the exchange’s commitment to expanding its global presence. More so, as an internationally recognized platform, Bybit is leveraging the growing interest in cryptocurrencies within Central Asia to offer innovative financial services. Bybit’s entry into Kazakhstan strengthens its position as a leading player in the global cryptocurrency landscape, reinforcing its mission to provide accessible and secure trading opportunities worldwide.

Bybit’s preliminary approval in Kazakhstan as a cryptocurrency custody service provider highlights the exchange’s dedication to regulatory compliance, user security, and global expansion. Moreover, this achievement not only strengthens Bybit’s foothold in the cryptocurrency industry but also signifies the progress being made in promoting cryptocurrency adoption in Central Asia. All-in-all, wiith Bybit’s entry into the Kazakhstan market, users can expect enhanced security measures, increased investor confidence, and greater opportunities for financial growth and innovation in the region.

https://thenewscrypto.com/connecticut-banking-commissioner-settles-with-bitcoin-of-america-recovers-86000-for-consumers/

•  Jorge Perez recently announced a settlement with Bitcoin of America.
• Bitcoin of America agreed to a consent order that make restitution totaling $86K.

Connecticut’s Banking Commissioner, Jorge Perez, recently announced a settlement with Bitcoin of America, a virtual currency kiosk operator. The Department of Banking had discovered that Bitcoin of America was operating these kiosks in Connecticut without the required license. However, leading to four consumers falling victim to scams and losing tens of thousands of dollars. Through a consent order, Bitcoin of America agreed to make restitution totaling $86,000 for the affected consumers. Moreover, this case serves as a reminder of the importance of caution when using virtual currency kiosks. And highlights the Department of Banking’s commitment to protecting consumers.

Bitcoin of America had been operating virtual currency kiosks in Connecticut without obtaining the necessary license. This is required for companies that engage in money transmission activities. These kiosks allow consumers to purchase virtual currency using cash. However, due  to the lack of proper licensing, the kiosks facilitated scams that resulted in significant financial losses for unsuspecting consumers.

Moreso, the four Connecticut consumer who utilized Bitcoin of America’s virtual currency Kiosks became victims of scams orchestrated by fraudsters. In addition, these scammers impersonated legitimate companies, including banks and utility providers, to deceive consumers into depositing cash into the kiosks. The scammers provided QR codes to the consumers, who believed they were safeguarding their money. Unbeknownst to the consumers, the cash they deposited was converted into virtual currency. And sent to the scammers’ virtual wallets, resulting in the loss of their funds.

In addition, to address the harm caused to the affected consumers, Bitcoin of America agreed to a consent order that required them to make restitution totaling $86,000. Despite, this settlement aims to provide some relief to the victims and rectify the financial damage they suffered. Additionally, following a criminal indictment, Bitcoin of America has begun winding down its operations in Connecticut.

In response to the case and the growing problem of scams involving virtual currency kiosks, the Department of Banking and the Connecticut State Police have proposed a bill called HB 6752, titled “An Act Concerning Digital Assets.” Even more, this bill aims to grant the Banking Commissioner the authority to adopt regulations pertaining to virtual currency and other digital assets. It also explicitly mandates that virtual currency kiosks be licensed as money transmitters in the state, enabling the Commissioner to oversee these machines and their operators. The bill proposes the inclusion of clear consumer disclosures on the kiosk screens, which users must agree to, and introduces additional safeguards for first-time users of virtual currency kiosks.

Collaborative Efforts and Consumer Alerts:

To better assist consumers and prevent similar scams, the Department of Banking, in collaboration with the Connecticut State Police, the Office of the Attorney General, and the Department of Consumer Protection, has issued a consumer alert. This alert provides valuable tips and guidance to help individuals avoid becoming victims of scams associated with virtual currency kiosks. By raising awareness and providing information, the aim is to empower consumers and mitigate the risks associated with these fraudulent activities.

Furthermore, the settlement between the Connecticut Department of Banking and Bitcoin of America underscores the importance of proper licensing. And consumer protection measures in the realm of virtual currency. The restitution provided to the affected consumers serves as a step towards rectifying the financial harm they experienced. All-in-all, the proposed legislation and collaborative efforts demonstrate the state’s commitment to safeguarding consumers and regulating virtual currency kiosks. By staying vigilant, informed, and cautious, individuals can reduce their vulnerability to scams. And make informed decisions when engaging with virtual currencies and related services.

https://thenewscrypto.com/hotbit-exchange-halts-operations-and-urge-users-to-withdraw-funds/

• Hotbit announced the temporary suspension of its operation.
• Hotbit has implemented enhanced security measures to prevent any future attacks.

Crypto exchange Hotbit recently made headlines as it announced the temporary suspension of its operations. Moreover, the decision came as a surprise to many users and raised concerns about the safety of their funds. Let’s delve into the reasons behind Hotbit’s decision, and the implications for the broader crypto market.

More so, Hotbit cited security concerns as the primary reasons behind the temporary suspension of its operations. In addition, the exchange noticed unusual activity on its platform, which raised alarms about a potential security breech. As a precautionary measure, Hotbit decided to halt all trading, deposits, and withdrawals until the issue is fully resolved.

Hotbit has been proactive in addressing the security concerns and assuring its users that their funds are safe. The exchange has stated that it is conducting a thorough investigation into the incident and working closely with cybersecurity experts to identify and rectify any vulnerabilities. Additionally, Hotbit has implemented enhanced security measures and is bolstering its infrastructure to prevent any future attacks.

Even more, the Hotbit’s management has been actively communicating with its user base, providing regular updates on the progress of the investigation and the steps being taken to secure the platform. Added to this, the exchange has been transparent about the incident, aiming to maintain trust and credibility within the crypto community. By keeping users informed, Hotbit seeks to mitigate any potential panic or confusion.

Notably, the Hotbit has urged its users to withdraw their funds from the platform during the suspension period. The exchange has assured users that their assets remain safe and accessible. Users can initiate withdrawals through the platform’s designated channels, following the established procedures. Hotbit has emphasized the importance of timely fund withdrawals to ensure individual control and security.

Furthermore, Hotbit’s temporary suspension of operations has had a ripple effect on the broader cryptocurrency market. The announcement triggered concerns among traderss and investors, leading to a temporary dip in trading volumes and market sentiment. However, the impact has been relatively contained due to the prompt actions taken by Hotbit to address the situation and provide assurances regarding fund security.

The incident involving Hotbit serves as a remainder of the ongoing security challenges faced by crypto exchanges. It highlights the need for robust security protocols, regular audits, and proactive risk management practices within the industry. Exchanges must continually invest in cybersecurity measures to protect user funds and maintain trust in the ecosystem.

Steps to Prevent Future Incidents

In the aftermath of the incident, Hotbit is likely to undertake various measures to prevent similar incidents in the future. This may include comprehensive security audits, infrastructure upgrades, and implementing stricter protocols for detecting and mitigating potential security breaches. Furthermore, exchanges across the industry will likely review and reinforce their security practices in response to the incident.

Hotbit’s decision to halt operations due to security concerns has raised awareness about the vulnerabilities faced by cryptocurrency exchanges. While it may cause short-term disruptions, it also underscores the importance of robust security measures and proactive risk management practices within the industry. By taking swift action, communicating transparently, and ensuring the safety of user funds, Hotbit aims to rebuild trust and strengthen its position in the cryptocurrency ecosystem.

https://thenewscrypto.com/tether-joins-bitcoin-buying-spree-to-enhance-stability-and-growth-potential/

• Tether announces plan to purchase bitcoin to strengthen reserves.
• USDT already holds over $1.5 billion worth of Bitcoin on its balance sheet

Tether has announced its plan to purchase hundreds of millions of dollars’ worth of Bitcoin to back its USDT token. The company intends to invest 15% of its net profit into Bitcoin as part of a strategy to diversify its reserves. This move comes as Tether aims to maintain a 1-to-1 peg to the US dollar for its stablecoin.

Based on Tether’s latest attestation report, the investment would amount to approximately $222 million. However, a Tether spokesperson clarified that the Bitcoin purchase would represent only a small portion of its overall net profit. The majority of the excess income will be allocated to running the business, including covering bank fees.

With a circulating supply of over $82.8 billion, USDT is currently the largest stablecoin in the market. It competes with other stablecoins such as Circle’s USD Coin and Binance’s BUSD. Stablecoins like USDT serve as essential tools for traders, enabling them to move between different cryptocurrencies without converting funds back into fiat currencies.

Paola Ardoino, Tether’s Chief Technology Officer, emphasized the strength and investment potential of Bitcoin, citing its resilience, limited supply, decentralization, and widespread adoption. This decision aligns with the growing trend among notable investors, including Paul Tudor Jones and Michael Saylor of MicroStrategy, who have been accumulating significant amounts of Bitcoin, considering it a hedge against currency depreciation and inflation.

Tether already holds over $1.5 billion worth of Bitcoin on its balance sheet, and this latest purchase will further solidify its position as a major holder of the crypto. Analysts and investors believe that the involvement of influential market players, often referred to as “whales,” could positively impact Bitcoin’s price this year.

Tether has faced controversy in the past due to concerns regarding the quality of its reserve assets and the transparency of its operations. The company previously held a substantial amount of its reserves in commercial paper, a form of short-term, unsecured debt issued by companies, which was considered less secure compared to other assets. To address these concerns, Tether replaced its commercial paper holdings with US government debt securities, aiming to provide greater stability and reassurance to investors.

Tether Continue to Face Scrutiny

Despite these efforts, Tether and its issuer continue to face scrutiny within the crypto market. The US Department of Justice is reportedly investigating Tether executives for possible bank fraud. Stabelcoins have also become a focal point for regulators seeking to establish effective oversight measures following the collapse of several prominent companies in the industry.

All-in-all, Tether’s decision to purchase Bitcoin as part of tis reserves strategy reflects the company’s aim to diversify its assets and leverage the potential of the world’s largest crypto. With USDT’s status as the leading stablecoin, this move will likely have a notable impact on the crypto market. However, Tethe’s operations and regulatory challenges remain topics of interest and concern within the industry.

https://thenewscrypto.com/coinbases-cryptic-twitter-countdown-sparks-speculation/

• Coinbase’s Twitter countdown has created excitement among its followers.
• The countdown could be building anticipation for an upcoming announcement.

Coinbase has set the crypto community abuzz with anticipation after posting a mysterious countdown on its official Twitter account. Added to this, the enigmatic tweet has left users and enthusiasts speculating about the potential significance of this countdown and the implications it may have for the world of digital currencies. 

In addition, with no specific details provided, the countdown has generated both excitement and curiosity among followers of the popular exchange. Let us delve into the possible implications of Coinbase’s cryptic Twitter countdown and explore the various theories circulating within the crypto community.

The Countdown Begins:

Coinbase renowned for its user-friendly platform and wide range of supported cryptos, surprised its followers with a tweet containing nothing more than a countdown timer. Even more, without any accompanying text or context, the tweet captured the attention of the crypto community and triggered a wave of speculation about what Coinbase might have up its sleeve.

Let us look into the speculations and theories.

New Listing or Token Addition:

One prevalent theory is that Coinbase’s countdown is signaling the addition of a new crypto to its trading platform. In addition, Coinbase has established itself as a key player in the crypto space, regularly expanding its offering with the inclusion of various digital assets. Furthermore, this speculation suggests that the countdown may be related to the imminent listing of a highly anticipated crypto, which could potentially attract a surge of trading activity and market attention.

Major Platform Upgrade:

Another possibility is that Coinbase is preparing for a significant platform upgrade or feature release. As a prominent exchange, Coinbase is continuously striving to enhance its user experience and stay ahead of its competitors. Despite of all, the countdown could be a prelude to the unveiling of new functionalities, improved security measures, or a revamped trading interface that aims to streamline the crypto trading experience for its users.

Regulatory Compliance Announcement:

Given the evolving regulatory landscape surrounding cryptos, some users speculate that Coinbase’s countdown might be related to a significant announcement concerning compliance measures. 

Moreover, the crypto exchanges are under increasing scrutiny from regulatory bodies worldwide, and Coinbase, being one of the largest exchanges, has a vested interest in adhering to compliance guidelines. The countdown may herald a proactive step taken by Coinbase to ensure its operations align with regulatory requirements, which could have a broader impact on the crypto industry as a whole.

Partnership or Collaboration Announcement

Coinbase has a track record of forging strategic partnerships and collaborations to expand its reach and offerings. Moreover, the countdown could be building anticipation for an upcoming announcement regarding a groundbreaking partnership or collaboration with a major player in the traditional financial sector, thereby bridging the gap between cryptos and traditional finance. Such an alliance could foster increased acceptance and adoption of digital assets in mainstream markets.

Furthermore, Coinbase’s cryptic Twitter countdown has captivated the attention of the crypto community, sparking widespread speculation about the significance of this mysterious event. Moreso, whether it leads to a new token listing, a major platform upgrade, a regulatory compliance initiative, or a strategic partnership, the countdown has undoubtedly generated excitement and curiosity within the crypto space.

As the countdown nears its end, the anticipation continues to build, with many eagerly awaiting Coinbase’s official announcement. Added to this, regardless of the specific details, it is clear that Coinbase’s initiative holds the potential to impact the broader crypto ecosystem and shape the future of digital finance. All-in-all, as the crypto community awaits the conclusio of the countdown, enthusiasts and industry participants alike remain eager to witness the unveiling of Coinbase’s latest development and its potential ramifications.

https://thenewscrypto.com/binances-token-burn-and-collateral-release-a-boost-for-bnb-chain/

• Binance has announced a major token burn event set to take place today.
• Token burning plays a crucial role in crypto ecosystems.

Binance has announced a major token burn event set to take place today. This token burn will primarily target Binance-pegged USDT and USDC tokens, and it will be carried out on the BNB Chain. As a result of this burn, a equivalent amount of these tokens on their respective native networks, where they were initially used as collateral, will be released. This strategic move holds great significance for both Binance’s ecosystem and the broader crypto market.

Token burning plays a crucial role in crypto ecosystems. By permanently removing a specific number of tokens from circulation, token burns create scarcity and can increase the value of the remaining tokens. Crypto projects often undertake token burns to create more efficient and sustainable ecosystems that attract more investors and traders.

Binance’s decision to conduct a token burn of Binance-pegged USDT and USDC tokens on the BNB Chain highlights the exchange’s commitment to strengthening its native blockchain. By burning a significant amount of these Binance-pegged tokens, Binance aims to bolster the overall ecosystem of the BNB Chain.

The burning of Binance-pegged USDT and USDC tokens on the BNB Chain will contribute to the enhancement of the ecosystem. As these tokens are removed from circulation, the scarcity and demand for BNB tokens, the native cryptocurrency of the BNB Chain, are expected to increase. This increased demand can potentially drive up the value of BNB, benefiting BNB holders and the broader Binance community.

Furthermore, the token burn and collateral release will have positive implications for Binance-pegged tokens. The release of an equivalent amount of these tokens on their respective native networks strengthens their liquidity and stability. Users will have access to these tokens on their preferred blockchain networks, expanding their utility and usability. This collateral release creates a more robust and interconnected ecosystem for these tokens, benefiting both users and the networks themselves.

The token burn and collateral release also promote interoperability between different blockchain networks. Binance’s initiative enables the release of equivalent tokens on their native networks, facilitating seamless transfers and transactions between the BNB Chain and other blockchain ecosystems. This enhanced interoperability grants users more flexibility and convenience when engaging with different blockchain networks.

The market impact of token burns can be substantial. The removal of tokens from circulation showcases a commitment to the project’s long-term sustainability, instilling confidence in investors. In the case of Binance, this token burn event can generate renewed interest in the BNB Chain and attract a larger user base, including traders and investors looking to participate in its ecosystem.

For users, the token burn and collateral release offer several potential benefits. Firstly, the increased demand for BNB tokens resulting from the token burn can lead to price appreciation, positively impacting BNB holders. Additionally, the release of Binance-pegged tokens on their native networks enhances their liquidity, making them more widely available for trading and transacting. Lastly, the improved interoperability between blockchain networks improves the overall user experience, enabling seamless transfers and interactions.

In conclusion, Binance’s token burn of Binance-pegged USDT and USDC tokens on the BNB Chain, along with the subsequent release of equivalent tokens on their native networks, holds significant implications for Binance’s ecosystem and the broader cryptocurrency market. This strategic move aims to strengthen the BNB Chain’s ecosystem, increase the value of BNB tokens, and foster interoperability between different blockchain networks. Furthermore, it benefits users by expanding the usability of Binance-pegged tokens, improving liquidity, and providing a seamless user experience across networks.

https://thenewscrypto.com/feeless-eth-redefining-crypto-transactions-and-its-impact-on-babydogecoin/

• The elimination of fees for ETH transactions will unlock a wide range of possibilities.
• The crypto community eagerly awaits the outcome,  as feeless ETH goes live.

A groundbreaking development in the world of crypto transactions has been introduced. Notably, a new method of buying and selling Ethereum (ETH) has emerged, promising an unprecedented feature – zero fees. Moreover, the innovation has the potential to revolutionize the way individuals engage with and transact in the popular crypto. 

In addition, the team behind the feeless ETH solution has chosen to initially test it on the Ethereum network, with future plans to expand its implementation to the Binance Smart Chain (BSC) if successful.

The Rise of Feeless ETH

Transaction fees, commonly known as gas fees, have long been a concern for crypto users, especially during periods of high network congestion. These fees can sometimes be prohibitive, discouraging users from participating in the crypto ecosystem. The introduction of feeless ETH aims to address this issue by removing transaction fees entirely, making ETH transactions more accessible and affordable.

Unlocking New Possibilities

The elimination of fees for ETH transactions has the potential to unlock a wide range of possibilities for both traders and investors. With lower barriers to entry, more users may ne encouraged to join the crypto space, thereby increasing liquidity and market activity. 

Moreover, feeless ETH could also drive the adoption of decentralized applications (DApps) and smart contracts, as users can interact with these platforms without worrying about transaction costs. This enhanced accessibility could foster innovation and growth within the Ethereum ecosystem.

The BabyDogeCoin Perspective

As one of the emerging cryptocurrencies in the market, BabyDogeCoin has gained significant attention due to its unique branding and community-driven approach. The question arises: if feeless ETH can cause a significant increase in the value of ETH, would the same trend be expected for BabyDogeCoin if it were implemented on the BSC?

While feeless ETH has the potential to drive positive momentum for cryptocurrencies, it is important to consider other factors that can influence price movements. Cryptocurrency markets are complex and subject to a variety of influences, including market sentiment, investor demand, and overall market conditions. While feeless transactions can remove a barrier for potential investors, it is essential to evaluate the underlying fundamentals and utility of each individual cryptocurrency to determine its long-term prospects.

All-in-all, the introduction of feeless ETH represents a significant development in the cryptocurrency space, offering users a new way to transact with reduced financial barriers. This innovation has the potential to enhance accessibility, drive adoption, and stimulate market activity within the Ethereum ecosystem. 

However, it is crucial to approach the potential impact on cryptocurrencies like BabyDogeCoin with a comprehensive understanding of market dynamics and consider other factors that can influence price movements. As feeless ETH goes live, the crypto community eagerly awaits the outcome and its potential implications for the broader market.

https://thenewscrypto.com/shiba-inu-token-price-drops-amid-selling-pressure-whats-next/

• SHIB has been experiencing vast selling pressure.
• Developers have been distributing large amounts of the tokens to various wallets.

Shiba Inu (SHIB) has been experiencing significant selling pressure in recent weeks. After hitting $0.00001018 in early May, the token has been on a downward trend, causing concern among its investors.

At the time of writing, SHIB was trading at round $$0.000008885 , a far cry from its all-time high of $0.000088. The token’s marketcap has also taken a hit, dropping from over $12 billion to around $3.3 billion.

SHIB/USDT Price Chart (Source: TradingView)

The selling pressure on SHIB can be attributed to a number of factors. Firstly, the broader cryptocurrency market has been experiencing a downturn in recent weeks, with many major cryptocurrencies experiencing significant losses. Bitcoin, and other major cryptos like Ethereum, Binance Coin, and Dogecoin have also seen significant losses.

Moreover, there has been an increase in supply of SHIB tokens. The developers behind the token have been distributing large amounts of the tokens to various wallets and exchanges. This has led to concerns of oversupply and dilution of the token’s value.

All-in-all, there has been a lack of significant positive news or developments surrounding SHIB. Unlike other cryptos, like Bitcoin and Ethereum, which have seen increased adoption and institutional interest in recent months, SHIB has not seen any major developments that could drive its value up.

Despite the selling pressure, there are still some bullish indicators for SHIB. Firstly, the token is still relatively new. This means that it is still in the early stages of its development and adoption. Secondly, SHIB has a large and active community of supporters, which could help to drive its value up in the future.

In order for the bullish indicators to take effect, however, the selling pressure on SHIB will need to be reversed. This will require a significant increase in buying volume and positive news or developments that can drive the token’s value up.

Overall, while the current selling pressure on SHIB is cause for concern, there are still reasons to be optimistic abou the token’s future. Its active community, as well as upcoming develoopments like ShibaSwap, could help to reverse the current trend and drive the token’s value up in the long term.

https://thenewscrypto.com/unlocking-bitcoins-potential-with-ordinals-ordi-token/

• Ordinals token is live on many centralized exchanges. 
• Tokens built on the Ordinals protocol have exceeded a total market value of $900M.

The Ordinals protocol is transforming the world of Bitcoin by allowing people who operate Bitcoin nodes to inscribe each sat with data, creating Ordinals ($ORDI) token. To note, the token is now available on many centralized exchanges.

Bitcoin is highly sought after due to its unique features such as its decentralized nature, immutability, and limited supply. Bitcoin is broken into 100,000,000 units called satoshis or sats, allowing for even small transactions to be conducted on the blockchain. 

The Ordinals protocol, built on top of Bitcoin’s blockchain, is a groundbreaking token that allows people who operate Bitcoin nodes to inscribe each sat with data. The data can include information like timestamps, messages, and even small pieces of code. Thereby, creating something called an Ordinal token (ORDI), a #BRC20 tokens

Moreover, the Ordinals protocol has already gained significant traction in the crypto space. In addition, tokens built on the Ordinals protocol, such as the Ordinals $ORDI token, have exceeded a total market value of $900M.

Moreso, the Ordinal ($ORDI) token is now live for trading on several centralized exchanges. The $ORDI token is designed to offer users with a secure and decentralized way to exchange value within the Bitcoin network. As $ORDI is fully backed by Bitcoin, $ORDI token is worth one satoshi. Thereby, ensuring that the token remains stable and secure while providing users with the benefits of a decentralized and secure token.

Through allowing for the creation of unique identifiers for a wide range of assets, the protocol makes it possible to represent virtually any asset on the Bitcoin blockchain. Therefore, opening up new possibilities for secure and transparent transactions, peer-to-peer trading, and even the creation of decentralized markets.

Overall, the Ordinals protocol and the tokens built on it represent a major step forward for Bitcoin and the wider blockchain ecosystem. With their potential for secure and transparent transactions, these tokens have the potential to transform the way users think about value exchange and asset ownership. 

As the crypto world continues to evolve, it will be interesting to see how the Ordinals protocol and its tokens continue to shape the landscape of blockchain technology.

https://thenewscrypto.com/floki-rockets-55-in-an-hour-after-binance-listing-announcement/

• Floki skyrockets over 55% in an hour after Binance listing announcement.
• The overall sentiment around Floki seems to be positive.

Floki price surges over 55% in an hour after the recent announcement of its listsing on top crypto exchange Binance. Moreover, the binance’s listing of $FLOKI token is a significant milestone. 

More so, Binance is the world’s largest crypto exchange, with over 120 million users and a 24-hour trading volume of $38 billion+. 

Evenmore, Floki’s listing on Binance will lead to increase demand and value for the token, as well as increased legitimacy in the eyes of potential investors. But what makes Floki so special? 

Factors Floki Gaining Significant Attention and Adoption

Floki is a community-driven cryptocurrency that has gained a significant following due to its unique approach to decentralization. The team behind Floki believes in empowering the community by giving them a say in the development and direction of the cryptocurrency. Another notable reason why Floki is so popular is its low transaction fees. 

Furthermore, Floki has a strong focus on charity. The team behind Floki is committed to using a portion of the project’s profits to support various charitable causes, including animal welfare and environmental conservation. 

Binance listing of $FLOKI token is an exciting development for the future of cryptocurrency. It demonstrates the increasing mainstream acceptance and accessibility of cryptocurrencies, and the potential for meme-inspired tokens to gain significant attention and adoption. 

Floki Analysis: Floki Price Rockets Over 55% in an Hour

The recent 55% surge in Floki’s price has caught the attention of the cryptocurrency world. 

Floki/USDT 1-hour (Source: TradingView)

According to CoinMarketCap, the Floki price is trading at $0.00005399 with a 24-hour trading volume of $118,328,270 at the time of writing.

Of course, as with any cryptocurrency, there are always risks involved. Floki’s price surge could be driven by speculation and hype, and there is always the possibility of a correction or a market downturn. However, the overall sentiment around Floki seems to be positive, and many investors and supporters are bullish on its long-term prospects.

All-in-all, Floki’s unique approach to decentralization, low transaction fees, and focus on charity, the token is undoubtedly a potential cryptocurrency to watch out for in the coming years.

https://thenewscrypto.com/crypto-com-introduces-its-first-ever-ai-amy-to-serve-as-crypto-expert-resource/

• Crypto.com to launch its own AI assistant Amy.
• Chatbot will be able to provide users with more relevant and accurate information.

The world of crypto is steadily evolving, and as the industry continues to rise, so does the demand for tools and resources that could help users stay ahead of the game. This is  where AI-powered assistants like Amy come in, which can provide users with real-time information and insights into the crypto world.

Crypto.com is one of the latest exchange to launch its own AI assistant, joining a growing list of crypto companies that are leveraging AI to improve user experiences. With Amy, users can ask questions about specific tokens and projects, and get instant responses that can help inform their trading decisions.

However, it’s important to note that while Amy can provide users with valuable information, it does not offer investment advice. This means that users will still need to exercise caution when making trading decisions, and not rely solely on the information provided by the chatbot.

EVP, Product at Crypto.com Abhi Bisarya said,

As with other businesses and sectors, we see incredible potential and opportunity in the convergence of AI with the crypto industry and our platform specifically. We are excited to be testing this emerging technology through our Amy pilot project. We are bullish on the innovation of AI in crypto, and we look forward to continuing to enhance the utility of Amy and deploy additional AI-powered capabilities.

Crypto.com Trains Amy Model Specifically for Crypto Activities

The fact that crypto.com has specifically trained the Amy model on crypto-related case examples is a positive sign, as it suggests that the chatbot will be able to provide users with more relevant and accurate information. This is a key consideration when it comes to AI-powered assistants, as their effectiveness is largely dependent on the quality of the data they have been trained on.

It’s also worth noting that Amy is currently in its beta phase, and is only available to select users on the Crypto.com website. However, the exchange has plans to roll out the chatbot to more users in the coming weeks, and to eventually bring it to its mobile app.

Overall, the launch of Amy is an exciting development for Crypto.com users, and could help to further democratize access to the crypto market. By providing users with valuable insights and information, the AI-powered chatbot could help to level the playing field and make it easier for everyday users to capture opportunities in the fast-moving world of crypto

Recently, Binance also launched an AI assistant Binance Sensei. Furthermore, other companies in the industry are also jumping on the AI tend like Atlassian.

https://thenewscrypto.com/internet-computer-icp-price-spikes-over-10-showing-bullish-trend/

• ICP price shows bullish trend surging over 10% in a day.
• ICP price analysis indicate, ICP is in start of bullish trend.

Internet Computer (ICP) price the shows bullish trend surging over 10% in a day. According to CoinMarketCap, the ICP price is trading at $5.99 with a 24-hour trading volume of $69,233,476 at the time of writing.

Moreover, the Internet Computer blockchain provides a radical rethinking design of blockchain, based on innovations in cryptography. More so, it enables the first “World Computer” blockchain which could be utilized to build online services. These services include demanding web social media, without traditional IT needs. However, it could provide full end-to-end decentralization.

Internet Computer (ICP) Price Analysis

The below chart shows symmetrical triangle patter of Internet Computer (ICP). On drawing the trendlines along  a converging price range, it is found the ICP chart shows symmetrical pattern.

ICP/USDT Price Chart (Source: TradingView)

As the breakout is tend to happen in the upper trendline, it indicates the start of new bullish trend. In addition, a symmetrical pattern indicats the consolidation time before a breakout or breakdown. 

Added to this, the ICP price is above the 50-MA line, this also confirms that the price of ICP is positive. Notably, the rising moving average shows that the crypto is in an uptrend, while a declining moving average indicates a downtrend.

ICP Price Chart (Source: TradingView)

Furthermore, the above chart indicates the Relative Strength Index of ICP. All-in-all, through RSI traders could predict the crypto price security; it can help traders validate trends and trend reversals; it can point to overbought and oversold states; ICP can provide short-term traders with buy and sell signals and it’s a technical indicator that can be used with others to support trading strategies.

Moreover, the RSI of ICP is at 66, this indicates ICP is in a nearly overbought state. Even more, ICP’s bullish trend may continue as the trading volume and RSI shows positive ICP sentiment. 

https://thenewscrypto.com/top-nft-marketplace-blur-shows-bullish-trend-in-the-crypto-market/

• Blur price shows bullish trend in the crypto market.
• Ben GCrypto announced Blur is the top NFT marketplace based on volume.

Blur price is showing bullish trend in the crypto market by surging over 5% in a day. According to CoinMarketCap, the Blur price is trading at $0.694 with a 24-hour trading volume of $171,550,252 at the time of writing.

Notably, the price surge came after the crypto analyst Ben GCrypto announced Blur is the top NFT marketplace based on trading volume in last 30 days. As per the list, Blur was ranked first with a trading volume of $899 million.

More so, the BLUR is the native governance token of Blur, a unique NFT marketplace and aggregator project that provides advanced features like real-time price feeds, portfolio management, and multi-marketplace NFT comparisons. In addition, the platform claims to provide faster NFT sweeps and a more intuitive interface than other comparable projects.

The below chart shows the symmetrical triangle pattern of Blur. A symmetrical triangle is a chart pattern distinguished by two converging trend lines connecting a sequence of peaks and troughs. These trend lines converge at a roughly equal slope.

The relative strength index of Blur is in the nearly overbought state. Moreover, the RSI of the project is detected to check how strong a signal is. Notably, the RSI could also provide false alarms for breakouts. 

Blur is also one of the new crypto projects that the analysts are betting could give a good amount of profits to traders in the coming days. All-in-all, many investors are also bullish on  Blur, as it is transparent and the price is right. 

https://thenewscrypto.com/celo-joins-chainlink-to-drive-global-web3-adoption/

• Celo Foundation has announced that it is joining the Chainlink SCALE.
• The program covers the operating costs of Chainlink oracle networks.

The Celo Foundation has announced that it is joining the Chainlink SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) program to accelerate the adoption of its regenerative ecosystem.

By participating in the program, Celo developers will gain access to low-cost, reliable Chainlink oracle data and services, which will aid in the growth and adoption of Celo in the long-term.

Chainlink SCALE is focused on increasing access to high-quality, low-cost, and in-demand oracle services for layer-1 and layer-2 blockchains. The program covers the operating costs of Chainlink oracle networks for a period of time, allowing L1/L2s in the program to mature while the operating costs of oracle networks can transition toward being fully covered by dApp user fees.

By participating in the program, the Celo ecosystem will maximize its chances of success by providing developers with industry-leading oracle data and services while miniming the gas fees incurred by Chainlink nodes when submitting oracle reports. Furthermore, this deployment of resources will help Celo become one of the most high-utility mobile-first layer-1 networks while giving its ecosystem developers access to reliable and low-cost oracle services for an extended period of time. This will lay the groundwork for Celo to support secure, fully featured, and highly efficient next-generation mobile application.

Benefits of Joining Chainlink SCALE for Celo’s Ecosystem

According to Xochitl Cazador, Head of Ecosystem Growth at the Celo Foundation, the community’s goal in joining Chainlink SCALE is long-term sustainability. The collaboration with Chainlink will enable the next generation of highly scalable Web3 mobile applications, and the Celo community welcomes Chainlink to their ecosystem. 

Niki Ariyasinghe, Head of Blockchain Partnerships at Chainlink Labs, expressed excitement at Celo’s decision to join the SCALE program, which will support the growth and long-term adoption of its mobile-first ReFi ecosystem. Moreover, by reducing the operating costs of oracle nodes, it will be able to empower its developers to build more sophisticated mobile applications that help drive global Web3 adoption.

All-in-all, Celo’s decision to join the Chainlink SCALE program is a significant step toward the adoption and growth of its ecosystem. By providing developers with access to reliable and low-cost oracle services, the program will enable Celo to become one of the most high-utility mobile-first layer-1 networks and support the development of next-generation mobile applications.

https://thenewscrypto.com/south-korean-court-says-terraform-labs-luna-token-not-a-security/

• South Korean court dismisses security violations charges against Terraform Labs.
• Rules that its native token luna is not a security.

The decision by a South Korean district court that Terraform Labs’ native token, luna, is not a security has significant implications for the company and the wider cryptocurrency industry. The ruling comes after previous court discussions where authorities were on the fence about whether the Capital Markets Act applied to the token.

The dismissal of security violations charges against Terraform Labs co-founder Daniel Shin means that prosecutors must now argue that Shin and co-founder Do Kwon are guilty of fraud and breach of trust instead of violating the country’s Capital Markets Act. This latest decision is a significant win for Terraform Labs, as it removes the threat of regulatory action and potential fines.

However, the US Securities and Exchange Commission (SEC) has charged Terraform Labs and Kwon for violating national securities law. The SEC’s case is still subject to dispute in court, but the decision by the South Korean court is likely to bolster Terraform Labs’ defense.

The ruling is also likely to have wider implications for the cryptocurrency industry as a whole. It suggests that tokens may not necessarily be classified as securities simply because they are traded on cryptocurrency exchanges. This is an important distinction, as securities are subject to strict regulations and oversight, while cryptocurrencies are often seen as outside the purview of traditional financial regulation.

The decision by the South Korean court may also influence other countries grappling with how to regulate cryptocurrencies. Regulators in many jurisdictions are still trying to determine how to classify cryptocurrencies and whether they should be subject to traditional financial regulations.

In conclusion, the decision by the South Korean court that Terraform Labs’ native token, luna, is not a security is a significant win for the company and the wider cryptocurrency industry. It removes the threat of regulatory action and potential fines and suggests that tokens may not necessarily be classified as securities simply because they are traded on cryptocurrency exchanges. However, the case is still subject to dispute in the US, and regulators in other jurisdictions are likely to closely watch the outcome.

https://thenewscrypto.com/polyx-skyrockets-over-70-following-binances-announcement-as-major-node-operator/

• Polymesh (PolyX) price surges over 70% in a day.
• Binance announced its participation as a major Polymesh node operator.

The price of PolyX, the native token of Polymesh, experienced a significant price surge rising over 70% reaching a new all-time high of this year. According to CoinMarketCap, the PolyX price is trading at $0.28 with a 24-hour trading volume of $647,733,194, at the time of writing.

Reason for PolyX Price Surge

The price surge came after Binance announced its participation as a major Polymesh node operator. In addition, this news sparked excitement among investors and enthusiasts, who see it as a strong validation of Polymesh’s potential as a secure and compliant blockchain platform for security tokens.

Moreover, Polymesh is a purpose-developed blockchain designed for the issuance, trading, and management of security tokens. Unlike other blockchain platforms, Polymesh is built specifically to meet the regulatory requirements of the securities industry, with features such as identity management, compliance tools, and role-based access control. Notably, this makes it an attractive option for companies looking to issue security tokens and comply with securities regulations.

Notably, Binance’s participation as a major Polymesh node operator is a significant development for the Polymesh ecosystem. Furthermore, as a node operator, Binance will help secure the Polymesh network and validate transactions on the blockchain. More so, Binance’s reputation and expertise in the cryptocurrency industry. Also bring credibility and visibility to the Polymesh project, potentially attracting more users and investors to the platform. 

All-in-all, the surge in PolyX’s price is a reflection of the excitement and optimism surrounding the Polymesh project. And its potential to revolutionize the securities industry. Moreover, as the Polymesh ecosystem continues to grow and mature. PolyX will be interesting to see how the price of PolyX and the adoption of the platform evolves.

https://thenewscrypto.com/gala-cryptocurrency-surges-over-12-in-a-day-heres-why/

• Gala (GALA) price surged by over 12% in a single day. 
• The price surge of GALA is due to the increasing interest in the gaming industry.

Gala (GALA) price surged by over 12% in a single day. According to CoinMarketCap, the GALA price is trading at $0.048 with a 24-hour trading volume of $351,543,409 at the time of writing. Moreover, the sudden surge in price indicates the growing demand of crypto among the traders and investors.

GALA/USDT Price Chart (Source: TradingView)

More so, the GALA is a blockchain-based platform that focuses on the gaming industry. Even more, it aims to offer gamers with a decentralized platform that enables them to play games and earn rewards in the form of GALA tokens. In addition, the GALA platform uses blockchain technology to develop a secure and transparent gaming environment that is free from the influence of central authorities.

To note, the main reason behind the recent surge in GALA’s price is the increasing interest in the gaming industry. With the rise of online gaming, more and more people are looking for ways to earn rewards for their gaming skills. Furthermore, the GALA offers a unique solution to this problem by offering a platform that enables gamers to earn rewards in a decentralized and secure environment.

All-in-all, GALA has been making significant strides in the gaming industry. Moreso, the platform has partnered with many gaming projects to provide gamers with access to a wide range of games. This has helped to increase the popularity of the platform and has contributed to the growing demand for GALA tokens.

With the gaming industry continuing to grow and the adoption of blockchain technology rises, it is likely that the demand for GALA token will continue to increase in the near future.

https://thenewscrypto.com/meter-governance-mtrg-price-climbs-up-over-10-in-a-day/

• Meter Governance price skyrockets over 10% in a day.
• MTRG price surge is also due to surging crypto maket.

Meter Governance (MTRG) shows long-term bullish signal, however, the hourly chart shows bearish signal. According to CoinMarketCap, the MTGR price is trading at $4.18 with a 24-hour trading volume of $3,054,052 at the time of writing. 

MTGR/USDT Price Chart (Source: TradingView)

Meter Governance (MTRG) is trying to break $4.68  resistance level. This area is a critical area since the level is hitted only on Oct 2022. Therefore, if the price breaks this area, it can surge to the next resistance at $5.

Moreso, the high-performance infra based Meter normally scales and connects the financial internet in a multi-chain future. Moreover, the Meter enables the smart contracts to scale and travel via heterogeneous blockchain networks through its 3 core offerings, such as Crosschain-interoperability, Scalability, and Uncensorable money.

In addition, the weekly RSI of Meter has moved above 50, which indicates the strong bullish signal. This shows that MTRG will make the possible breakout in the near future. On otherhand, incase the MTRG fails to break out the resistance level it could fall to $3.93.

Furthermore, the most likely MTRG price analysis is an increase towards $5 before a correction. All-in-all, the MTRG price surge is also due to the overall crypto market condition. The totalcap has reached above $1.15 trillion resistance level on April 9, and after five days, it reached a new ATH for the year to $1.26 trillion. If the surge continues, the next resistance could be $1.33 trillion.

https://thenewscrypto.com/woo-trade-woo-surges-over-15-amid-growing-interest-in-dex/

• Woo Trade (WOO) price surges over 15% in a Day.
• Main factors of the price surge is the growing popularity of DEX

Woo Trade (WOO) has seen an impressive surge in price, increasing over 15% in a days. Moreover, the WOO has been on the rise since the beginning of the year, with the latest price surge bringing the coin to new heights.

WOO/USDT Price Chart (Source: TradingView)

Woo Trade is a decentralized exchange (DEX) built on the Ethereum blockchain. More so, the platform offers a range of features designed to make trading cryptos easier and more accessible for users. In addition, with low fees, fast transaction times, and a user-friendly interface, Woo Trade has quickly gained a reputation as a reliable and convenient platform for crypto trading.

Reason for WOO Price Surge

The recent price surge of WOO can be attributed to many factors. One of the main drivers of the price surge is the growing popularity of DEX. As more users seek out decentralized alternatives to traditional centralized exchanges, platforms like Woo Trade are seeing increased demand.

Another factor driving the price surge of WOO is the growing interest in the Ethereum blockchain. As the most popular blockchain for decentralized applications (dApps), Ethereum has seen explosive growth in recent years. As more projects are built on the Ethereum blockchain, the demand for Ether and other Ethereum-related tokens like WOO is likely to rise.

In addition, Woo Trade has been making a number of strategic moves to expand its platform. Also to increase its user base. The exchange has recently announced partnerships with many other blockchain projects.

Woo Trade’s success is a testament to the growing demand for decentralized exchange and the potential of the Ethereum blockchain. With its user-friendly platform and commitment to innovation, Woo Trade is well-positioned to continue its growth in the months and years ahead.

https://thenewscrypto.com/serum-price-surges-over-25-in-a-day-is-srm-a-good-investment-option/

• Serum price spikes over 25% in a day.
• SRM price surge is due to growing popularity of decentralized exchanges.

Serum (SRM) price has skyrocketed over 25% in a day. According to CoinMarketCap, the SRM price is trading at $0.25 with a 24-hour trading volume of $171,246,016 at the time of writing. 

While this may be exciting news for investors who already hold SRM, it is important to consider the underlying factors that have contributed to this price increase and the risks that are involved in investing in this cryptocurrency.

Serum is a decentralized exchange (DEX) that is built on the Solana blockchain. It was created to provide traders with a fast, secure, and low-cost way to trade cryptocurrencies. Unlike centralized exchanges, Serum allows users to maintain control of their assets, and the platform is not subject to the same regulatory requirements as traditional exchanges. This has made it a popular choice for traders who value privacy and autonomy in their transactions.

Reason for SRM Price Surge

One of the primary factors that has contributed to the recent price surge of SRM is the growing popularity of decentralized exchanges. With the increasing scrutiny of centralized exchanges by regulators and the growing demand for more privacy and control over transactions, DEXs like Serum are becoming more attractive to traders. As more people become aware of the benefits of using DEXs, the demand for SRM is likely to increase, which could drive up the price even further.

Another factor that has contributed to the recent SRM price surge is the overall bullish sentiment in the cryptocurrency market. As investors look for alternative investments to diversify their portfolios, cryptocurrencies like SRM have become an attractive option. However, it is important to note that investing in cryptocurrencies like SRM comes with significant risks. 

Moreover, the cryptocurrencies are highly volatile, and their prices can fluctuate rapidly in response to news events, market demand, and investor sentiment. This means that investors who choose to invest in SRM need to be prepared for the possibility of significant losses as well as gains.

https://thenewscrypto.com/render-token-rndr-price-sees-a-sudden-spike-of-14-will-it-continue-to-rise/

• Render Token (RNDR) has witnessed a significant 14% surge in a Day.
• Top holders in the RNDR ecosystem have continued to double down on their long positions.

Render Token (RNDR) has witnessed a significant surge in its price over the past few months. As of today, the live Render Token price is $1.61 with a 24-hour trading volume of 193,582,224 USD, according to CoinMarketCap. The native RNDR token of Render Network has delivered a staggering 400% performance, breaking above $2.00 for the first time in 10 months. 

RNDR is a distributed GPU rendering network built on top of the Ethereum blockchain, connecting artists and studios with mining partners for rendering. The network is designed to enable artists to exchange their RNDR tokens with GPU compute power from GPU providers.

Investor Speculation Caused RNDR’s Price Surge

On-chain data shows that top holders in the Render Network ecosystem have continued to double down on their long positions with expectations of higher prices. Whale activity and positive daily weighted sentiment have also been on a sustained increase, indicating an impending boom in RNDR price. However, RNDR’s prediction markets are flashing mild-bearing signals, calling for some caution as more investors are making additional short bets against RNDR to position for an impending correction.

Despite the surge in price, there do not appear to be fundamental drivers of the surge in the price of DeFi tokens in what is clearly a market driven by speculation given the very high.

Furthermore, Render Network rally is likely to continue into mid-April, but investors should always conduct their own research and consult with a professional before making any financial decisions. While RNDR’s price surge may be due to investor speculation, its use case in the GPU rendering industry is promising and could potentially lead to further adoption and price appreciation in the future.

https://thenewscrypto.com/venus-xvs-price-skyrockets-xvs-surges-over-40-in-a-day/

• Venus (XVS) surges over 40% in just one day.
• XVS can be attributed to several factors including the launch of Venus Stars website.

Venus (XVS), the decentralized finance (DeFi) platform, has seen an enormous surge in its price, with a surge of over 40% in just one day. As of April 10, 2023, the price of XVS has reached a high of $8.41.

According to CoinMareketCap, the Venus price is trading at $6.88, with a 24-hour trading volume of $163,796,352, at the time of writing.

This significant surge in the price of XVS has not gone unnoticed by the cryptocurrency community. There are several reasons why Venus (XVS) is experiencing such an impressive price rally. One of the primary reasons for the price surge is the recent bullish sentiment surrounding the cryptocurrency market.

Reason Behind Venus Price Surge

As Bitcoin (BTC), the world’s most valuable cryptocurrency, continues to break new all-time highs, many investors are flocking to altcoins like XVS in search of higher returns. Evenmore, this trend is also fuelled through the increasing acceptance of cryptocurrencies by mainstream institutions such as PayPal, Mastercard, and Tesla.

Another reason why XVS is experiencing such a surge in price is the recent news of Venus launching a new product. Added to this, on March 31, Venus announced the launch of Venus Stars website.

Investors are also bullish on Venus due to its growing user base. According to data from DeFi Pulse, Venus currently has over $835.25M in total value locked (TVL). More so, this indicates that more users are using the platform’s services, which could further drive the price of XVS higher.

In conclusion, the recent surge in the price of Venus (XVS) can be attributed to several factors, including the bullish sentiment in the overall cryptocurrency market, the launch of Venus Stars website, and the platform’s growing user base. 

Furthermore, with the cryptocurrency market continuing to gain mainstream acceptance and more investors seeking high returns, Venus could be poised for even further growth in the coming months

https://thenewscrypto.com/ethernity-chain-ern-price-goes-on-a-bullish-run-increases-over-85-in-a-day/

• Ethernity’s price has increased by over 85% in a day.
• ERN is likely to see continued growth and adoption in the years to come.

Ethernity Chain has seen a significant surge in price over the last 24 hours. According to CoinMarketCap, Ethernity’s price has increased by over 85%, making it one of the biggest gainers in the cryptocurrency market.

Ethernity Chain, a blockchain-based platform that provides limited edition non-fungible tokens (NFTs). This sudden surge in price can be attributed to several factors, including the growing popularity of NFTs, increased adoption of blockchain technology, and positive news and developments related to the Ethernity Chain platform.

NFTs, or non-fungible tokens, have gained a lot of attention in recent months, with some selling for millions of dollars. These unique digital assets are stored on a blockchain and cannot be replicated, making them highly valuable and sought after by collectors and enthusiasts.

Ethernity Chain provides a platform for artists and celebrities to create limited edition NFTs that can be bought and sold on the open market. The platform has already attracted several high-profile individuals, including legendary boxer Muhammad Ali and popular musician and producer DJ Khaled.

Ethernity Chain’s (ERN) Reason Behind Price Surge

The surge in Ethernity’s price can also be attributed to the growing adoption of blockchain technology. More and more businesses and organizations are exploring the potential benefits of blockchain, which include increased transparency, security, and efficiency. As blockchain technology continues to mature, platforms like Ethernity Chain are likely to see increased adoption and usage.

In addition to the growing popularity of NFTs and blockchain technology, Ethernity Chain has also benefited from positive news and developments related to the platform.

Overall, Ethernity Chain’s recent surge in price is a testament to the growing interest and demand for NFTs and blockchain-based platforms. As more individuals and businesses discover the potential benefits of blockchain technology, platforms like Ethernity Chain are likely to see continued growth and adoption in the years to come.

https://thenewscrypto.com/chiliz-chz-shows-bullish-potential-technical-analysis-shows-potential-8-gain/

• Chiliz has formed a bullish pattern, and could see an 8% gain.
• CHZ manages to break above the resistance level, it could potentially see gain

Chiliz (CHZ), the blockchain-based platform that allows sports and entertainment fans to purchase branded fan tokens, has been showing signs of a bullish trend in its technical analysis charts. In fact, the analysis suggests that the CHZ could see an 8% gain.

According to the analysis, Chiliz has formed a bullish pattern called the ascending triangle, which is typically a bullish signal. The ascending triangle pattern is formed by a horizontal resistance level and a rising support level. When the price breaks above the resistance level, it usually signals a bullish trend.

In the case of Chiliz, the platform has been forming this pattern since the beginning of March. As the platform continues to form the pattern, the resistance level remains at around $0.52, while the support level has been rising steadily. If Chiliz manages to break above the resistance level, it could potentially see gain, bringing its price up to around $0.2 in the near future.

Chiliz (CHZ) Technical Analysis – Will CHZ Hit $0.2 Soon?

The technical analysis also shows that CHZ has been in a bullish trend since mid-March, when it broke above its 50-day moving average. Since then, the platform has been consistently trading above this moving average, which is a bullish signal in itself. In addition, the 50-day moving average has been rising steadily, indicating that the bullish trend is likely to continue.

Furthermore, the analysis indicates that Chiliz has strong support levels at around $0.12 and $0.11. These levels have been tested multiple times over the past few months and have held up well, indicating that buyers are willing to step in and support the platform at these levels.

Another bullish signal for Chiliz is the high trading volume the platform has been experiencing. In fact, the volume has been steadily increasing since mid-March, indicating that more and more traders are getting interested in the platform. High trading volume is typically a bullish signal, as it indicates that there is strong buying pressure behind the platform.

Overall, the technical analysis suggests that Chiliz has a strong bullish potential. If the platform manages to break above its resistance level at around $0.2, it could potentially see an 8% gain in the near future.

Additionally, the platform has been in a consistent bullish trend since mid-March, with strong support levels and high trading volume, indicating that the bullish trend is likely to continue. Investors should keep an eye on Chiliz and consider adding it to their portfolios if they are looking for a platform with strong growth potential.

https://thenewscrypto.com/ada-price-recovers-quickly-after-a-drop-following-cardanos-oracle-integration/

• Cardano’s acquisition of its first oracle integrator, Charli3, caused ADA price drop.
• The drop was short-lived, however, as the price of ADA surged once again. 

Cardano’s recent acquisition of its first oracle integrator, Charli3, caused a brief drop in the price of ADA. However, the market quickly recovered and the cryptocurrency surged again. 

Charli3 was formally introduced as the first Oracle integrator for Cardano, this April. The Oracle integrator is, however, identified as an open-source blockchain platform. Moreover, it is known for supporting a wide range of decentralized applications (dapps) This is an exciting development for the platform and one that could have a major impact on its potential applications.

The Charli3 node network provides a framework for projects to securely access accurate and reliable data. Thus allowing them to effectively offer robust services to their users. Liqwid, a leading DeFi project on Cardano, was one of the first to integrate the Charli3 oracles into their platform.

The Oracle Integrator will provide Cardano with the ability to securely connect its platform with external data sources. This will enable real-time updates on the blockchain. This integration will also help create a more robust security framework for all parties involved in the network, as well as facilitate faster, more reliable transactions and services. 

ADA Price Drops and Surges as Cardano Acquires First Oracle Integrator

However, despite this news, ADA (the native token of Cardano) experienced a 1.7% drop in its price. This down movement has marked a notable downward trend compared to its previous performance.

This significant dip in price has caused many investors to take caution and wait for the market to stabilize before making any further decisions. Analysts have speculated that the drop is likely caused by an overall decrease in demand.  

The drop was short-lived, however, as the price of ADA surged once again. The acquisition is expected to enhance Cardano’s capabilities in the development of smart contracts and decentralized applications. The move is seen as a step forward in Cardano’s mission to become a leading blockchain platform.

https://thenewscrypto.com/bitcoins-easter-forecast-is-a-30k-price-point-on-the-horizon/

• Bitcoin (BTC) price has been on the rise recently.
• BTC could reach $30K by Easter Sunday.

Bitcoin (BTC) price has been on the rise recently, despite the introduction of potentially harmful legislation. This increase in value has been surprising to many in light of the negative impacts that such regulations could have on the crypto industry. Nevertheless, it appears that investors are confident in the future of Bitcoin and other digital assets, as they continue to drive up their prices. 

The daily time frame readings for the Bitcoin price have produced a multitude of conflicting signals. On the bullish side, the price surged beyond its previous resistance level of $24,800, indicating a strong uptrend in the cryptocurrency’s value. Therefore, the mixed signals present in the market make it difficult to predict whether Bitcoin’s price will surge beyond the current resistance level of $31,800 or if it will plummet to the $24,800 support area.

Will the bullish trend in Bitcoin continue?

Analysts have been divided in their opinions on this matter, as some suggest that bullish trends are likely to prevail while others argue that bearish forces could be at play. Ultimately, only time will tell in which direction Bitcoin’s price will go and whether it will reach new highs or slump to lower levels.

Conversely, some technical analysts have argued that this could also be indicative of a short-term rally before another correction occurs. Regardless, it is clear that the market is highly volatile and unpredictable at present – making it essential for investors to remain vigilant and informed when making decisions about their investments.

Additionally, many believe that the long-term potential of blockchain technology will outweigh any short-term effects that legislation may have on its growth. With all these factors in mind, it looks like the price of BTC will continue to rise despite attempts by legislators to impose limits on its use.

Bitcoin Price Analysis – Will $30K be Reached This Easter?

Bitcoin’s price has been fluctuating throughout the year, with a sharp decline in recent months. However, many investors are wondering if Easter will bring a resurgence in the cryptocurrency’s value. Bitcoin could reach $30K or even higher by Easter Sunday. 

Factors such as increased institutional adoption, the upcoming halving event, and ongoing market volatility could all contribute to a potential price surge. However, others remain skeptical and caution that market uncertainties and regulatory challenges could continue to impact Bitcoin’s value. Only time will tell if Bitcoin will reach the $30K price point this Easter.

https://thenewscrypto.com/why-crypto-youtuber-bitboy-believes-xrp-could-be-the-top-performer-in-the-next-bull-run/

• Bitboy believes that XRP could be the top performer in the next bull run.
• XRP’s features make it an ideal bridge asset between different currencies.

Crypto YouTuber Bitboy believes that XRP could be the top performer in the next bull run. XRP has the potential to greatly increase in value during a bull run, and its low price point makes it an attractive investment option for risk-averse investors. Its high liquidity and fast transaction speeds also make it a great choice for traders who don’t have time to wait around for transactions to complete. 

XPR Position in CMC (Source: CMC)

XRP is one of the most controversial and unpopular cryptocurrencies among the top 10 cryptos by market capitalization. This is largely because of its close association with Ripple, a blockchain payments firm that owns a significant portion of XRP and utilizes it as a bridge currency in its global payments platform. 

The close relationship between Ripple and XRP has raised eyebrows, with many arguing that Ripple has an unfair advantage when it comes to influencing XRP’s price and market movements. Furthermore, due to the large amount of XRP owned by Ripple, some have argued that it creates an inherent risk for investors who purchase XRP, as any changes to Ripple’s business model could have drastic effects on the price of XRP.

XRP could be the top performer in the next bull run

On Tuesday, crypto YouTuber Ben Armstrong, better known as Bitboy, took to Twitter with an optimistic prediction that XRP could be the top performer in the next bull run. Armstrong is a well-known figure in the cryptocurrency space, often offering his insights and analysis on market trends.

His tweet has sparked much speculation among crypto enthusiasts that XRP could be heading to the moon in the upcoming bull run. 

Additionally, XRP’s features make it an ideal bridge asset between different currencies and blockchains, allowing users to easily convert one currency into another. All these factors combined make XRP a smart choice for Bitboy MaBitboy as they prepare to take advantage of the upcoming bull run.

https://thenewscrypto.com/will-ethereum-eth-skyrocket-to-2k-as-a-result-of-the-key-upgrade/

• Ethereum (ETH) has been steadily climbing in anticipation of Shapella upgrade. 
• Analyst Raould said ETH could trigger a sustained rally with a potential target of $1,850.

The price of Ethereum (ETH) has been steadily climbing in anticipation of a much-anticipated upgrade. Investors are keenly awaiting the upgrade and speculating on whether or not its implementation will lead to an explosive surge in the price of ETH. The Shapella upgrade, which is set to bring significant improvements to the Ethereum blockchain, is expected to result in faster transaction processing times and enhanced security features.

In addition, the proposed changes could increase the scalability and stability of the network, potentially leading to increased adoption of Ethereum’s technology by businesses and financial institutions. However, with such a promising outlook for Ethereum, investors are eagerly awaiting news of the successful completion of this upgrade, as they anticipate a significant boost in the price of Ether tokens.

Ethereum Surpasses Over $1,800 With Shapella Upgrade

The price of the cryptocurrency Ethereum has recently surged above the $1,800 mark. The figure that many analysts had not predicted would be reached this soon.

ETH/USDT Price Chart (Source: TradingView)

Shapella promises to revolutionize how people interact with digital currencies, and its highly-anticipated launch has caused a significant increase in investor interest in Ethereum. Above all, as more investors jump on board the Ethereum train, experts are predicting the cryptocurrency’s price could climb even higher in the weeks ahead.

Ritesh, a highly esteemed crypto analyst on Twitter, recently shared an ambitious target of $1,770 for the equal lows in Ethereum short positions. Moreover, this prediction, if accurate, could signal the beginning of a trend reversal in the ETH market. 

As Ritesh has proven to be an accurate analyst with a keen eye for the crypto market, his forecast may prove to have merit and could therefore set the tone for a potentially profitable trading opportunity.

Crypto Analyst Raoul Pal Forecasts a Wild ETH Price Rally

Raoul Pal, an influential crypto analyst, and expert, recently revealed his bullish outlook on the Ethereum price action. He believes that this could trigger a sustained rally in the ETH market, with a potential target of $1,850 for the second-largest cryptocurrency. 

However, with such a promising outlook for Ethereum, investors are eagerly awaiting news of the successful completion of this upgrade, as they anticipate a significant boost in the price of Ether tokens.

https://thenewscrypto.com/bullish-monthly-close-for-bitcoin-btc-in-march-2023/

• The month of March saw a huge surge in Bitcoin prices.
• Despite the increased volatility, the market is still responding positively.

The monthly close of Bitcoin in March has painted a bullish picture, indicating a strong potential for the cryptocurrency to continue its upward momentum. This is an especially encouraging sign as the month also saw a significant increase in volatility. Above all the prices dropping as low as $50,000 before recovering to a high price. 

BTC/USD March 2023 (Source: Trading View)

The month of March saw a huge surge in Bitcoin prices, with the asset climbing an impressive 22%, beginning at $23,450 and ending at over $28,500 by the end of the month. The next major move for Bitcoin is eagerly anticipated following this significant upward trend.

This shows that despite the increased volatility, the market is still responding positively to positive news and developments surrounding Bitcoin. The bullish outlook for the digital asset appears to be further supported by recent analysis from financial firms such as JPMorgan Chase & Co. He stated that “the current rally reflects strong institutional demand.”

Crypto Market Outlook 

The crypto market has seen a slight decline in the short term. However, this happened with total capitalization falling by 1.9% to $1.2 trillion on CoinGecko. This downward trend is being led by Bitcoin, which has dropped below $28,000, and Ethereum (ETH) which is down 2.2% to $1,778 at the time of writing. 

Altcoins have also been affected by this downturn, with several seeing heavier losses of over four percent; these include Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), Shiba Inu (SHIB), and Avalanche (AVAX).

https://thenewscrypto.com/floki-pumps-10-after-koinbx-listing-announcement-all-set-to-capture-indian-crypto-market/

• The market cap of FLOKI surged 9% in the last 24h to reach $312 million.
• KoinBX will support the following trading pairs – FLOKI/USDT and FLOKI/INR.

Floki (FLOKI) surges 10% following the listing announcement with KoinBX Exchange, targeting India’s booming crypto market. The listing is set to take place on March 31, 2023, at 11:30 AM UTC.

According to CoinMarketCap, Floki price, at press time, was $0.00003565 with a 24-hour trading volume of $22,496,965, at the time of writing.

The news of the listing on KoinBX is significant because it gives Floki access to the Indian crypto market, which is rapidly growing and represents a huge opportunity for the new token to gain traction. With the addition of USDT and INR trading pairs on KoinBX, Floki will be more accessible to Indian investors than ever before.

Floki was created with the aim of revolutionizing the crypto industry by making it more accessible to the average person. The creators of Floki believe that traditional cryptos are too complicated for most people to use and that they have created a token that is simple and easy to understand.

Floki’s simplicity is reflected in its name, which is a reference to a popular character from the TV show “Vikings.” The creators of Floki believe that the character represents the spirit of exploration and adventure, which is also present in the crypto industry.

The Floki Expansion 

The rise in the value of Floki after the announcement of the KoinBX listing is a testament to the token’s potential. Many investors are excited about the prospect of Floki gaining a foothold in the Indian market, and some are predicting that it could become one of the most valuable cryptos in the industry.

However, as with any investment, there are risks associated with investing in Floki. The crypto market is notoriously volatile, and the value of Floki could just as easily go down as it could go up. Additionally, there are concerns about the legitimacy of some new crypto, and investors should do their own research before investing in any crypto.

Despite these risks, many investors are still bullish on Floki and believe that it has the potential to be a game-changer in the crypto industry. The addition of the INR trading pair on KoinBX will be a game changer, this indicates that Indian investors will be able to invest in Floki without having to worry about currency conversion fees.

Overall, the listing of Floki on KoinBX is a significant event in the crypto world. It represents a major opportunity for Floki to gain traction in the Indian market. However, investors should approach investing in Floki with caution and do their own research before making any investment decisions.

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