Crypto news
Tokens that are the biggest gainers of April 19: SANSHU, CPOS and GXT
Sanji Inu’s trading volume increased by 634% in the last 24 hours, and its value increased by 842%. CPOS Cloud Payment’s value increased by 282%, and its trading volume increased by 654%. Gemma Extending Tech’s value increased by 220% in the last 24 hours, and its trading volume increased by 1,317%. Sanshu Inu (SANSHU), CPOS Cloud Payment (CPOS), and Gemma Extending Tech (GXT) are some of the biggest gainers throughout the past 24 hours, as of April 19. Each of these tokens has tremendous potential for growth, and we are going to go over each token individually to see how far they can climb in value. Should you buy Sanshu Inu (SANSHU)? On April 19, 2022, Sanshu Inu (SANSHU) had a value of $0.000000000157. When we go over the all-time high value of the Sanshu Inu (SANSHU) token, it was on M...
Crypto exchange CoinDCX raises $135M funding to support Indian Web3
Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country. The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which was led by Pantera and Steadview and saw participation from prominent investors including Kingsway, DraperDragon and Republic. Existing investors such as B Capital Group — a venture capitalist firm from Facebook co-founder Eduardo Saverin — Coinbase, Polychain and Cadenza also joined in on the oversubscribed funding round to increase their investments in the crypto exchange. Excited to share that CoinDCX has raised over USD 135 million, in our latest Series D funding round. Another step closer to our dream of m...
Ethereum price ‘bear flag’ could sink ETH to $2K after 20% decline in three weeks
Ethereum’s native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside is possible in the near term, according to a classic bearish pattern. Ethereum price ‘bear flag’ setup activated Dubbed “bear flag,” the bearish continuation signal appears as the price consolidates higher inside an ascending parallel channel after a strong downward move (called the flagpole). It resolves after the price breaks out of the channel to drop further. ETH’s price turned lower after testing its bear flag’s upper trendline on April 4 and now eyes an extended decline towards its lower trendline near $2,700. If the pattern pans out as ...
Bitcoin hodlers targeting $100K is what’s preventing 40% price drawdown, data suggests
Bitcoin (BTC) dropping to $25,000 or lower is unlikely thanks to hodlers hoping for all-time highs, not speculative traders, new research says. In a series of tweets on April 19, popular analyst Root argued that there is “no real reason” for a dramatic Bitcoin sell-off. No major selling from “maturing” hodlers Bitcoin has yet to wow the market with its all-time highs this halving cycle, and this has contributed to a loss of faith among some investors. At the same time, on-chain indicators remain much more bullish than spot price action, and those investors still in the market support the idea that BTC/USD will go far higher in the future. This is thanks to a lack of short-term holders (STHs) on the market, Root notes. Even the most recent all-time highs of $69,000 last November...
KuCoin-backed companies launch $100M Web3 developer fund
Crypto exchange KuCoin’s venture capital arm and nonfungible token (NFT) marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi. KuCoin Ventures and the Windvane NFT marketplace have created the fund to help artists and creators showcase their work and scale their business to wider audiences, the companies announced Tuesday. The fund’s mandate is to support promising NFT projects that are contributing to the development of Web3, which refers to the next iteration of the internet powered by blockchain technology. Windvane is a new NFT marketplace from KuCoin that aims to tap into the crypto exchange’s large user base. At the time of writing, KuCoin was the fifth largest crypto exchange by volume, acco...
Andre Cronje sees a ‘necessity for regulation’ ahead of crypto’s new era
Andre Cronje, former Fantom Foundation technical adviser and Yearn.finance founder, resurfaced on Monday via Medium after announcing his departure from the DeFi and crypto space last month. In a post titled “The rise and fall of crypto culture,” Cronje expressed his lamentations of crypto culture as he called for increased regulation and legislation in the industry. When Cronje and his colleague Anton Nell tweeted about the fate of all the applications and services they had built, they offered no other details as to their personal motivations. They even proceeded to deactivate their Twitter accounts on March 6. Now, readers of Cronje’s words can surmise that these two partners were going through some sort of ethical crisis. The opening and closing refrain, “Cry...
FBI and CSIA issue alert over North Korean cyberattacks on crypto targets
The Cybersecurity and Infrastructure Security Agency (CISA) and FBI have issued an alert on North Korean state-sponsored cyber threats that target blockchain companies in response to the Ronin Bridge hack last month. The alert was issued on April 18 in conjunction with the Federal Bureau of Investigation and the Treasury Department which had warnings and mitigation suggestions for blockchain and crypto firms to ensure their own operations remain safe from hackers. With the @FBI, and @USTreasury, we released a new cybersecurity advisory on North Korean state-sponsored activity targeting blockchain technology and the cryptocurrency industry. Read the technical guidance and mitigation strategies: https://t.co/Oio478Ouv3 pic.twitter.com/VLa3HUrsPY — Cybersecurity and Infrastructure Security Ag...
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
The cost of running a crypto business in New York is about to rise with the state government gearing up to require companies holding a BitLicense to pay assessment fees to ensure they’re complying with regulations. The rule was included in New York State’s FY2023 budget signed into law on April 9th by Governor Kathy Hochul giving the state’s Department Of Financial Services (DFS) a “new authority to collect supervisory costs from licensed virtual currency businesses,” according to a statement by the DFS. DFS Superintendent Adrienne Harris said the fees would bring virtual currency businesses in line with those already paid by institutions such as banking and insurance companies and added: “New York was the first to start licensing and supervising virtual currency companies, and we co...
Moonbirds fly into NFT top spot with $290M sold in four days
The freshly launched Ethereum-based Moonbirds NFT project is soaring to the top of the trade volume charts after generating $290 million worth of sales in just four days. There are 10,000 computer-generated pixel owl avatar NFTs in total, which were promptly sold out on April 16 for a mint price of 2.5 Ether (ETH) per NFT, or $7,700 at current prices. The floor price (minimum average sale) has since exploded on secondary markets, with OpenSea currently showing a hefty sum of 18.45 ETH ($56,800). BLOOD MOON RISING #moonbirds pic.twitter.com/Jm6bqBVuVF — beeple (@beeple) April 16, 2022 According to data from CryptoSlam, the project has generated more than $289.9 million worth of secondary sales (figure also includes mint sales). The figure places the project as the top-selling NFT collection...
Bitcoin trading volume in Q1 fell 60% compared to the volume in Q1 2021
The overall downtrend in the crypto market has affected Bitcoin trading volume Market data shows Bitcoin trading volume in Q1 was less than half that recorded last year over the same period Many cryptocurrencies shed significant value in the first two months of 2022. While figures from the second half of March indicated a steady price uptrend, gains were not huge enough to upset the heavy losses recorded between January and February. Effects of this bearish market have been reflected in the trading volume figures. Bitcoin trading volume in Q1 2022 The interest in Bitcoin from investors, in particular, has been on a steep decline as the crypto market. The flagship cryptocurrency saw a decrease of $3.6 trillion in trading volume from around $6.02 trillion ...
Self-Regulatory Organizations Growing Alongside New U.S. Crypto Regulation
As the adoption of crypto takes off, the industry is exerting increasing influence on American society. This can be seen in its lobbying efforts and political action committees, for example, and in its own organizational efforts, such as business associations that promote it at the state, regional and national levels. Another way crypto is influencing society is through self-regulation. The broader impact of self-regulation may be less apparent than when a PAC finances a political campaign or a startup is nurtured in a crypto industry-sponsored accelerator, and that limited visibility probably reflects the extent of self-regulatory organizations’ (SROs) influence at present. But SROs are helping shape the crypto industry itself, and they may eventually have a role in the crypto regul...
Law Decoded: Paris is always a good idea, even for talking crypto policy — April 11–18
Last week was the Paris Blockchain Week, and the epicenter of crypto policy and regulatory conversation moved to the French capital accordingly. Cointelegraph reported extensively from the ground and ran a series of interviews with some of the crypto industry’s captains who shared their thoughts on the state of regulatory affairs. For one, Binance’s Changpeng Zhao said that he was excited to see regulators embracing financial innovation and introducing crypto-friendly policies, calling it a major trend of 2022. Bertrand Perez, chief operating officer of the Web3 Foundation, opined that many policymakers, including some in the European Union, still tend to act too fast on crypto regulation without getting properly educated on the subject first. Ripple’s Brad Garlinghouse even filled in the ...
