Month: March 2024

Telegram’s TON sees over 30% jump in 7 days

Telegram has announced a shift in its revenue model, propelling the TON token to surge by over 30% in just one week as part of a bullish crypto market trend. Telegram founder Pavel Durov, in an announcement on his channel, disclosed a significant development. Channel owners will receive 50% of ad revenue exclusively in Toncoin (TON). The shift is expected to create a “virtuous circle,” offering creators the option to cash out or reinvest in channel promotion. TON has experienced a significant uptick, with its price soaring to $2.75, marking…

Meme Coins Market Cap Soar To Over $54 Billion

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The meme coins market cap is currently hovering above $54 billion up by nearly 20% ion the past day. This surge is evident as roughly seven meme coins now rank among the top 100 crypto by market capitalization, marking a significant shift in investor interest towards these once ‘speculative assets.’ A recent market report from QCP Capital has shed light on this phenomenon, disclosing what drives this meme coins surge. What Is Driving The Meme Coins Surge According to QCP Capital, the price appreciation in meme coins can be attributed to a…

Microstrategy to Buy More Bitcoin With Proceeds From $600M Convertible Note Sale

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Nasdaq-listed company Microstrategy is planning to sell $600 million in convertible senior notes and use some of the proceeds to buy additional bitcoin. Microstrategy now holds 193K bitcoin. The company’s executive chairman, the pro-bitcoin Michael Saylor, says bitcoin has become the world’s “most popular investment asset.” Microstrategy to Buy More Bitcoin Microstrategy Inc. (Nasdaq: MSTR) […] Original

Headband-Wearing ‘Alien Punk’ NFT Sells for $16 Million, Marking Second Highest Cryptopunk Sale

As the value of cryptocurrencies continues to climb, the second-highest sale of a Cryptopunk non-fungible token (NFT) has been recorded at $16 million, as per onchain records. This sale significantly exceeds its previous purchase price of $7.67 million, which was just three years prior. Ethereum Sees Spike in NFT Transactions as ‘Alien Punk’ Cryptopunk #3,100 […] Source CryptoX Portal

Telegram CEO Responds To Concerns, Offers Solution To Restrict Company’s TON Stake To 10%

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The popular messaging platform Telegram has revealed its plans to sell its surplus holdings of The Open Network (TON) tokens at below-market prices. This move comes after concerns were raised about the potential centralization of TON supply due to ad payments being exclusively accepted in TON tokens.  Telegram Addresses Concentration Concerns As NewsBTC reported on February 28, starting in March, channel owners will have the opportunity to receive financial compensation for their content. All transactions, including payments and withdrawals, will be handled on the TON blockchain. Telegram’s advertising platform will…

Crypto Expert Says ‘Prepare Yourself’ For Massive Altcoin Run, Here’s Why

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Cryptocurrency analyst, Michael van de Poppe has alerted the broader cryptocurrency community about an upcoming altcoin rally. The analyst has cited the recent upward trend experienced by Bitcoin as a positive signal for this prediction.  Get Ready For Major Altcoin Run In a recent X (formerly Twitter) post, Poppe suggested that altcoins are poised to become the next in line for the 2024 bullish momentum. Citing Bitcoin’s recent upward surge to over $60,000, the crypto analyst has disclosed that this substantial price increase is a clear signal for a potential…

Bitcoin Market Cap Sets New Record All-Time High

Considering the seemingly unstoppable momentum in Bitcoin price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, due to the supply of new BTC unlocked since 2021, the BTC market cap chart has reached a new all-time high above $1.3 trillion. BTC Market Cap Sets New Record ATH Crypto bulls have something to celebrate today, even if BTCUSD doesn’t make a new all-time high just yet. That’s because the market cap chart has, and the total value of the Bitcoin network is currently…

Disruptive Trends From ETHDenver And MWC

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As the first quarter of 2024 ends, the crypto industry has also seen the conclusion of major events, including ETHDenver. The 2018-launched mythical event has grown as the industry matures, becoming a crucial venue for founders and community members to observe new developments across the crypto ecosystem. In addition, crypto and blockchain took center stage at the Mobile World Congress in Barcelona, Spain. The event, which took place last week, hosted over 100,000 attendees from over 200 countries and 2,700 exhibitors from different tech sectors. We sat down with Claudia…