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Top US crypto exchange Coinbase added two under-the-radar altcoins to its listing roadmap this week. The exchange’s customers may soon be able to trade Aerodrome Finance (AERO) and Velodrome Finance (VELO), according to a new announcement. Aerodrome Finance is a trading and liquidity marketplace on Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution. The project is a fork of Velodrome, a trading and liquidity marketplace on Optimism (OP), another Ethereum layer-2 scaler. Aerodrome’s native token, AERO, is up more than 69% in the past 24 hours. The 1113th-ranked crypto asset by market cap is trading at $0.0747 at time of writing. Velodrome’s native token, VELO, has surged by more than 35% in the past day. The 753rd-ranked crypto asset by market cap is trading at $0.056 at time of writing. Both projects have non-fungible tokens (NFTs) that can be used to vote on token emissions and receive incentives and fees generated by the protocols...

Swan Mining started its operations in the summer of 2023, and has mined over 750 BTC. Currently, it has 4.5 exahash and expects to exceed 8 exahash by March. Swan Bitcoin, a US-based investment platform focused Bitcoin (BTC), has announced Swan Mining, the company’s mining arm that had been operating in stealth mode. The company’s Bitcoin mining arm launched its operations in July 2023, the company said in a press release on Thursday, noting that it has so far mined over 750 bitcoins. Swan Mining currently contributes 4.5 exahash to the Bitcoin network, the firm added. The mining unit expects its mining capacity to increase to more than 8 exahash by March, 2024. “ Swan Mining is a great example of our company thesis playing out. With our exclusive focus on Bitcoin adoption and helping the industry grow, we continue to attract the talent, opportunities, and capital required to launch new business lines and grow them rapidly ,” Sw...

The general cryptocurrency market is experiencing bearish sentiments, led by Bitcoin (BTC), which is struggling to maintain its price above the $40,000 mark. Although the markets appear grim, proponents maintain that there is upside potential, banking on factors such as the Bitcoin halving. Despite the current market sentiments, several projects will likely experience notable price growth and target new resistance levels in 2024. With a focus on the $10 level, Finbold has identified the following three cryptocurrencies likely to attain this value in 2024. Filecoin (FIL) Filecoin (FIL) tackles the ever-growing demand for secure and cost-effective data storage. Its decentralized network offers an alternative to traditional cloud storage platforms, promising enhanced security, lower costs, and user control. As awareness of data privacy concerns rises and Web3 applications gain traction, Filecoin’s unique value proposition could propel FIL toward the $10 mark. The token will like...

Blockchain Backer has noted the crucial factors behind a potential XRP rally in the next bull run. According to Blockchain Backer, there is a historical correlation between XRP and Bitcoin. The analyst also established an interconnectedness between Bitcoin and the stock market. Renowned cryptocurrency analyst identified as Blockchain Backer has noted the crucial factors behind a potential XRP rally in the next bull run. In a recently uploaded video, the analyst highlighted the historical correlation between XRP and Bitcoin. According to him, XRP’s significant surges typically trail positive Bitcoin momentum. Blockchain Backer cited repeated instances across the 2015-2016 and 2017-2021 market cycles. He established a consistent link between Bitcoin rallies and bullish movements in XRP. Further revelations by the analyst showed that XRP has the potential to outpace Bitcoin during uptrends. Beyond cryptocurrencies, Blockchain Backer extended his Analys...

Some cryptocurrency analysts, experts, and researchers believe we are already in a bull market since 2023. Others believe cryptocurrencies have just started rising from consolidation, while some think there is a long way ahead before getting optimistic. Dr. Martin Hiesboeck, Head of Research at Uphold, belongs to the second group. Particularly, Dr. Hiesboeck declared this cycle’s bull market start ing on January 24 through a post on X (formerly Twitter). “Today begins the biggest bull market in crypto history. Just a thought.” – Dr. Martin Hiesboeck, Head of Research at Uphold Uphold’s top researcher declares start of major crypto bull market. Source: X (@MHiesboeck) In retrospect, bear and bull markets are identified by zooming out the charts, spotting tops and bottoms in long time frames. However, the shorter the time frame, the harder to properly identify these cycles’ marks through startings and endings. Bull market? Crypto total market cap analysis Techno...

Nearly 70% of crypto communications violated FINRA’s guidelines, a recent survey says. The American Financial Industry Regulatory Authority (FINRA) has just published a detailed report on a survey of 500 retail communication channels related to cryptocurrencies. According to the findings, published in Jan. 2024, approximately 70% of communications since late 2022 have violated FINRA’s Rule 2210, a rule that governs broker-dealer communications with the public. While FINRA did not disclose who exactly violated the rule, the regulator noted that some firms “failed to clearly differentiate in communication s, including mobile apps, between Crypto Assets offered through affiliates or third parties and those offered directly by the member.” “This update does not create new legal or regulatory requirements or new interpretations of existing requirements, nor does it relieve firms of any existing obligations under federal securities laws and regulations. Rath...

In today’s crypto market, various digital assets experienced diverse performances, with leading cryptocurrencies encountering selling pressure from investors. However, a shift in investor attention towards altcoins has been observed, contributing to a positive outlook for the overall crypto segment. This article examines various coins experiencing an uptrend in the market. Next Cryptocurrency To Explode Today’s spotlight focuses on tokens generating buzz in the crypto space, including Chiliz, Stacks, and FTX Token. This Analysis will touch on the factors that position them as potential candidates for the next explosive growth in the market. Moreover, Meme Kombat is making waves in its presale phase, generating over $7 million as investors keep a close eye. 1. Chiliz (CHZ) Chiliz (CHZ) has caught the attention of investors due to its upcoming changes in tokenomics. CEO Alexandre Dreyfus has hinted at a revamped model that includes a burn system, subsidization of staking ...

Masa raised $3.5 million in a pre-seed round in 2022, and the seed funding brings the total to $9.2 million. Masa will use these funds to build its decentralised zk network for personal data on Avalanche. Masa Network, a platform building a zero-knowledge (zk) data network and marketplace, has raised $5.4 million in its seed round, according to an  announcement on Tuesday, January 23. Anagram, a venture capital platform co-founded by Lily Liu (Solana Foundation President) and Joe Eagan (former Polychain President), led the seed round. Other participants include Digital Currency Group, Avalanche Blizzard Fund, GoldenTree, and OP Crypto among others. The seed round adds to the $3.5 million Masa raised in a pre-seed funding round closed in 2022. With this funding, the platform has now raised a total of $9.2 million. Masa plans to use the new capital injection to build its decentralized network for personal data, which it dubs a “decentralized G...

The 1 Cent dream is the heartbeat of millions of Shiba Inu investors who want to see SHIB reach the $0.01 mark. The day Shiba Inu’s price hits $0.01, resignations will be sent en masse and new homes will be booked. The life of an average investor will get to taste the millionaire lifestyle leading to immediate retirement for the good. However, the ‘1 Cent dream’ is becoming difficult to turn into reality as three things are stopping its price from reaching $0.01. So what’s stopping Shiba Inu from reaching the $0.01 milestone? In this article, we will highlight the top three reasons that are making SHIB difficult to hit the 1 Cent mark. Also Read: Shiba Inu: You Could Have Made $3 Million With Less than $500 Shiba Inu: These 3 Developments Stop SHIB From Reaching $0.01 Shibarium Burns Source – Analytics Insight Shibarium was touted to be the Messiah of SHIB and speculations were rife that it could burn trillions of tokens. Nonetheless, the rea...

Bitcoin (BTC) is one of the best-performing assets of the last decade. Since its launch, BTC’s price has surged by many thousand percent. The profits have gained the interest of many global financial institutions, including BlackRock, the world’s largest asset manager, with almost $10 trillion worth of assets under management. However, despite BTC’s massive profits, financial giants were cautious about entering the cryptocurrency market, likely due to the volatility. Institutions preferred having a spot ETF (Exchange Traded Fund), which would reduce risks. The US SEC (Securities and Exchange Commission) made a historic decision earlier this month and approved 11 spot Bitcoin (BTC) ETFs. One of the applicants is BlackRock. Also Read: Ethereum: BlackRock CEO Larry Fink Sees Value in ETH ETF As of today, the world’s largest asset manager holds 11,439 BTC, worth around $469,925,559. BlackRock currently has the second-highest BTC holdings, behind GrayScale, ...

Meme coins Dogecoin (DOGE) and Floki (FLOKI) soared at the weekend amid speculation that Elon Musk will allow crypto payments on X after the social media platform created a dedicated account for payments on the platform. There is also anticipation that X will introduce in-app payments services by the middle of 2024, although it has not been confirmed whether payment methods other than traditional fiat currencies will be supported with this feature. Elon Musk Effect Causes FLOKI And DOGE To Surge DOGE and FLOKI both saw their prices surge more than 12% over the weekend, before retracing again, according to CoinGecko data. The trading volume for both tokens also skyrocketed by as much as 200% during the weekend, while futures tracking the tokens saw open interest rise from $200 million to a cumulative $430 million.  This was after the @xpayments profile went live on the platform, triggering a wave of adoption hopes in crypto circles. Although the account has not published any...

Hardware wallet company Trezor released a statement on a recent security incident, saying an unauthorized entity accessed its third-party support ticket portal. According to a Trezor blog entry, about 66,000 users had their contact information leaked during the phishing attack . Per the hardware wallet manufacturer, the victims may include customers who have interacted with Trezor’s support team since the end of 2021.  Nonetheless, Trezor — launched in 2013 by Czech Republic-based tech firm Satoshi Labs — emphasized that no digital assets were compromised during the attack .  The startup promised to investigate the matter while working closely with the third-party service provider. It has also sent emails to all the affected contacts with the details of the incident. Although unconfirmed, we consider it our responsibility to inform our affected users of the possibility of their contact details having been exposed, and at risk of a phishing attack. Acting out of an abundanc...

Conflicting reports about Saudi Arabia joining the BRICS alliance on January 1, 2024, are making the rounds lately. Reuters reported that Saudi Arabia is yet to accept the BRICS invitation and the decision to join the bloc is pending. The report states that the Kingdom of Saudi Arabia has not signed the BRICS agreement and is reevaluating the benefits of being a part of the alliance. Also Read: BRICS: U.S. Dollar Ranks Last in the Top 10 Currency List Sources close to the development said that Jan. 1, 2024, is not the deadline for a decision. The timeline is much ahead giving countries that are invited ample time to discuss joining BRICS. Therefore, Saudi Arabia is still considering its options for joining BRICS and will conclude soon. “ Saudi Arabia is assessing the benefits and then will make a decision, there is a process happening,” said a source with direct knowledge of the matter. Also Read: 3 Countries Agree To Launch BRICS Currency To Chal...

Jan 19, 2024 at 15:10 // Price Author Coin Idol The price of XRP (XRP) is consolidating above the $0.54 support after falling below the moving average lines recently. Price Analysis by Coinidol.com. Long-term XRP price forecast: bearish Selling pressure has eased above the $0.54 support as buyers defend the current support. The decline has stopped as the cryptocurrency bounces every time it retests the $0.54 support. In other words, XRP is trading in a narrow range between $0.54 and $0.58. Currently, the upside is being held back by resistance at $0.5...

Manta Network, a privacy protocol backed by Binance Launchpool, confronted serious controversy right out of the gate with its recent exchange listing. Accusations hovered on X of potential money laundering amid the token’s wild debut trading on Korean platform Bithumb. Manta’s native token, MANTA, spiked nearly 77,000% minutes after going live on Bithumb Thursday. However, just as swiftly, prices crashed 85%, leading to speculation of suspicious trading activity involving Manta insiders. . @MantaNetwork was suspected of money laundering through Bithumb on the day of listing – 2M $MANTA transferred to personal wallet of MANTA’s Korean BD – 2M $MANTA was deposited into Bithumb deposit wallet, accounting for more than 75% of Bithumb’s total circulation volume. -… pic.twitter.com/uMWq6J6D37 — Definalist (@definalist) January 18, 2024 Most of the scrutiny centers on an alleged 2 million MANTA transfer to the personal wallet of Ma...

The European Council and Parliament have provisionally agreed on stricter regulations for cryptocurrency firms to enhance anti-money laundering measures in the sector. The European Council and Parliament have agreed on new rules that will make cryptocurrency firms follow stricter guidelines. These rules are part of the anti-money laundering efforts and were announced on Thursday. Crypto firms will now have to check their customers more closely, particularly on transactions of €1,000 or, $1,090, or more. The aim is to make sure crypto currencies aren’t used for illegal activities. The rules also have a special focus on self-hosted wallets, which are managed by the users themselves, not a company. This agreement isn’t final yet. It needs to be approved by the European Parliament. Once approved, the Council and Parliament have to adopt it officially, then the rules will be published and start to apply. You might also like: Former US president Trump proposes ban on...

Host of ClayBro, Clay, played down the chances of a Shiba Inu ETF.  The analyst said Shiba Inu’s size and trade volume aren’t big enough to attract interest.  A diversified ETF that tracks multiple cryptos is SHIB’s best chance of an ETF. In a recent video, Clay, the host of the cryptocurrency YouTube channel ClayBro, explained why the Shiba Inu community may have to wait longer to see the launch of a Shiba Inu exchange-traded fund (ETF).  Following the launch of spot Bitcoin ETFs, chances of other crypto-focused ETFs have since raised optimism among several communities. As noted in the video, the SHIB magazine’s latest issue stoked interest in an ETF for the meme coin with a front page question of “When $SHIB ETF?” Unlike prevailing sentiment, Clay, who is also a renowned member of the SHIB community, played down the chances of a SHIB ETF launch anytime soon. The analyst based this prediction on a number of factors.  Firstly,...

A widely filled crypto analyst is predicting a 25% upswing for decentralized oracle provider Chainlink (LINK) while updating his outlook on decentralized crypto exchange (DEX) SushiSwap (SUSHI). In a new thread, crypto strategist Ali Martinez tells his 40,800 followers on the social media platform X that the path appears clear for LINK to skyrocket to the $20 price level. “Chainlink has built a solid demand zone between $14.80 and $15.20, where 17,650 addresses bought 85.12 million LINK. With the lack of resistance ahead, LINK could be positioned to advance toward $20.” Source: Ali Martinez/X The traders’ chart, which tracks the In/Out of the Money Around Price (IOMAP) metric, indicates that a staggering 92.1% of LINK holders are in the green while just 6.5% are underwater. LINK is trading for $15.95 at time of writing, a 6.26% increase during the last 24 hours. An increase to Martinez’ predicted price would mark a surge of about 25%. Moving on to DEX protocol...