The post Analyst Predicts Significant Downturn for Bitcoin Price Before It Reaches $1 Million Milestone appeared first on Coinpedia Fintech News Billy Markus, famous for creating Dogecoin and his fondness for memes, posed a playful question about the Bitcoin halving on X, using his alter name “Shibetoshi Nakamoto.” He jokingly asked users if the halving meant the price would halve, too. Is Bitcoin Crash on the Cards? The humorous remark from Markus taps into the worries …
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Ethereum Fails to Impress Except for Stakers, Says Krüger
In an analysis of the state of the cryptocurrency market, expert Alex Krüger highlighted Ethereum‘s (ETH) underwhelming performance. Despite high expectations, Ethereum has not met market hopes, except for stakers and airdrop farmers, who continue to benefit. Krüger pointed out that while Ethereum remains the second-largest blockchain, its overall market influence appears diminished compared to The post Ethereum Fails to Impress Except for Stakers, Says Krüger appeared first on CoinGape .
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Solana to Bitcoin Bridge Zeus Network Targets Q3 2024 Debut
Zeus Network announced its anticipated launch of the Zeus Program Library (ZPL) by the third quarter of 2024. This new development aims to connect the Solana (SOL) and Bitcoin (BTC) ecosystems seamlessly. The ZPL will enable developers to integrate Solana support into decentralized applications, promoting activities across both blockchain networks. The Zeus Network’s initiative will The post Solana to Bitcoin Bridge Zeus Network Targets Q3 2024 Debut appeared first on CoinGape .
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Crypto In Spotlight as UK FCA Unveils Money Laundering Report
The Financial Conduct Authority (FCA) has highlighted the potential for exploitation in the cryptocurrency sector for money laundering activities. In a recent risk assessment report covering 238 firms, the FCA included crypto firms among the highest risk categories alongside retail and wholesale banking and wealth management sectors. The FCA, a financial regulator in the U.K., The post Crypto In Spotlight as UK FCA Unveils Money Laundering Report appeared first on CoinGape .
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Cryptocurrencies With the Most Potential in 2024
Crypto traders are searching for what to buy next, as we all expect a busy market ahead. It’s always best to invest in cryptocurrencies based on your needs, such as with cryptocurrencies under $1. Are you thinking long-term, or are you out for immediate gains? If you’re looking at something long-term, it’s best to decide The post Cryptocurrencies With the Most Potential in 2024 appeared first on CoinGape .
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Casio Joins NFT Bandwagon Via Astar zkEVM Partnership
Casio, one of the world’s premier watch brands, has joined the race for Non-fungible tokens (NFTs) in collaboration with Astar zero-knowledge Ethereum Virtual Machine (zkEVM). The Casio watch NFTs is scheduled to go live on May 1. Casio Chooses NFT To Commemorate Its History According to the announcement, this new development is targeted at commemorating The post Casio Joins NFT Bandwagon Via Astar zkEVM Partnership appeared first on CoinGape .
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Market Downturn? Not For Optimism: A16z’s Major OP Purchase Sends Price Skyrocketing By 9%
In a month marked by a challenging correction in the crypto market, Layer 2 (L2) blockchain protocol Optimism has emerged as a standout performer. Within the past 24 hours, Optimism’s native OP token skyrocketed by 9%, positioning it as the best-performing token among the top 100 cryptocurrencies. Behind this surge lies venture capital firm a16z, which has reportedly invested around $90 million in Optimism’s OP token, signaling further institutional support for the layer 2 protocol. OP Receives Major Investment Sources familiar with the matter have revealed to Unchained that a16z has acquired a significant stake in Optimism’s OP token. The investment, which comes with a two-year vesting period, underscores a16z’s interest in the Layer 2 protocol and aligns with its growing involvement in crypto. Notably, a16z’s portfolio already includes crypto exchange Coinbase. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 The investment by a16z comes amidst notable activity and growth within the Optimism ecosystem. Optimism’s OP Stack has experienced increased usage, further validating its value proposition. The protocol’s ability to increase scalability and reduce fees on the Ethereum blockchain has also garnered significant attention. Optimism’s spokesperson expressed enthusiasm for the investment, acknowledging the energy and momentum surrounding the protocol. The partnership with a venture capital firm like a16z is expected to fuel further development and innovation within the Optimism ecosystem. On March 7, the Optimism Foundation disclosed the sale of approximately 19.5 million OP tokens, valued at nearly $90 million, to an undisclosed buyer. These tokens were reportedly sourced from a 30% pool of OP’s original treasury, dedicated to the foundation’s working budget. Reports indicated that the buyer could delegate their tokens to third parties, enabling them to participate in Optimism’s governance. The foundation clarified that, due to the private nature of the sale, specific details regarding the terms and purchaser were not disclosed. Key Levels To Watch For Optimism Despite the recent surge in the Optimism ecosystem and its native token OP, the token still trades well below its all-time high (ATH) reached on March 6, 2024, currently down over 47% from that level. However, OP’s trading volume has experienced a notable surge, indicating continued interest in the token. According to CoinGecko data, the OP trading volume has increased by over 113% compared to the previous trading day on April 30, amounting to nearly $600 billion in 24 hours. Related Reading: Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone Key levels to monitor for the token soon include OP’s significant resistance at the $2.62 price mark and a potential retest of the $3 zone. However, a clear indication of a positive trend for the Optimism token would require a successful consolidation above the $3.92 zone, marking the end of the month-and-a-half downtrend structure. Conversely, the $2.37 zone has proven to be a crucial support level for OP, as it has held for the past five days and prevented further price decline for the token. Digging deeper, the $2.25 mark is also a key support, with the most critical support level at $2.11. This level holds the key to Optimism’s macro bullish structure, as it initiated the token’s current uptrend. Featured image from Shutterstock, chart from TradingView.com
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Crypto Market Recovery? US Treasury Announces $125M Refunding, Buyback Plan
In a move signaling potential stabilization for both the crypto and stock markets, the US Treasury Department has unveiled plans for a significant refunding and buyback initiative. BitMEX co-founder Arthur Hayes has shed light on the macroeconomic factors influencing recent market sentiment shifts, notably highlighting the infusion of tax receipts amounting to a substantial $200 The post Crypto Market Recovery? US Treasury Announces $125M Refunding, Buyback Plan appeared first on CoinGape .
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Ripple Exposes XRP Ledger Utility in Asia with This Strategic Partnership
In a move to solidify its presence in the Japanese market, Ripple, the San Francisco-based blockchain technology company, has forged a strategic partnership with HashKey DX. This Tokyo-based firm specializes in blockchain technology consulting. It offers support to foreign companies seeking to expedite their growth within Japan. The primary focus of this collaboration is the The post Ripple Exposes XRP Ledger Utility in Asia with This Strategic Partnership appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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