The latest price moves in bitcoin (BTC) and crypto markets in context for April 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Federal prosecutors have recommended a 36-month prison sentence for Changpeng Zhao (CZ), the cryptocurrency exchange Binance’s former CEO, for U.S. law violations. Prosecutors contend Zhao’s deliberate non-compliance facilitated massive unlawful transactions, impacting national security and financial systems. CZ’s Legal Woes Deepen With Proposed Three-Year Prison Term Changpeng Zhao, referred to as “CZ” and the brain […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be held this week with an April 24 deadline. The result is slated to be announced the following day. The development follows a report from FTX stating that it sold approximately $307.6 million worth of SOL and ZBC tokens in March. On April 5, the firm sold $1.9 billion worth of…
Two Solana-based memecoins, Bonk (BONK) and Dogwifhat (WIF), have registered substantial gains over the past 24 hours. BONK recorded a 35% increase, while WIF climbed by 19%, positioning them among the top three gainers in the top 100 cryptocurrencies by market cap today. Only Hedera Hashgraph (HBAR) surpassed them, with a notable 44% rise during the same period. Resolution Of Solana’s Congestion Issues Spurs Memecoins The significant uptick in these Solana memecoins is closely linked to the recent improvements in the Solana network’s performance. A tweet from SolanaFloor earlier today…
Letters of support also came from Max S. Baucus, former U.S. Ambassador to China, Professor Jeremy R. Cooperstock, McGill University, Associate Professor Ronghui Gu, Columbia University, Morgan Stanley Managing Director Sean Yang, and members of the ruling family in the United Arab Emirates. Source
Moreover, a single stablecoin can serve a different purpose depending on jurisdiction. For instance, in high-inflation nations like Zimbabwe and Nigeria, stablecoins have been adopted as alternative means of payment, remittances, and stores of value assets. Meanwhile, in advanced economies, stablecoins are widely used to fund cryptocurrency purchases. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin soars, Koala Coin and Aptos capture investor interest, promising significant growth in their ongoing developments. As Bitcoin (BTC) gallops ahead, excitement and anticipation ripple through investors. Amidst this, Koala Coin (KLC) has been dashing ahead with surging interest. Its presale at stage one, priced at $0.014, emerges as a beacon for those chasing not just growth but joy. Aptos (APT) has not been left out. Its leaping…
The largest electric vehicle (EV) manufacturer, Tesla, released its financial report for Q1 2024 with no signs of selling any of its Bitcoin (BTC) holdings while its total revenue plunged. According to the report, Tesla’s total revenue declined by 15.3% between Q4 2023 and Q1 2024 — falling from $25.1 billion to $21.3 billion. The company’s total gross profit plunged from $4.4 billion to $3.6 billion over the past two quarters. However, despite the decreased revenue, Tesla didn’t sell any of its 9,720 BTC holdings, per data from Bitcoin Treasuries,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Market experts predict Litecoin could hit $290.67, Solana might reach $417.14, and Milei Moneda’s presale promises both short and long-term gains in 2024. Three altcoins that analysts say are well-positioned for a quick recovery are Litecoin (LTC), Solana (SOL), and the new entrant Milei Moneda (MEDA). According to experts, with growing interest and adoption and anticipated price increases, these tokens could help investors realize gains of up to double…
Polkadot (DOT), the interoperable blockchain platform designed for connecting different blockchains, is currently caught in a tug-of-war between technical indicators suggesting a potential price dip and bullish predictions from some analysts. Recent price movements paint a somewhat gloomy picture. DOT breached the lower boundary of its ascending trend channel, a technical indicator often interpreted as a sign of weakening momentum. Trading volume also leans bearish, with sellers dominating the market and putting downward pressure on the price. Support seems to be holding around $6.30, but resistance sits stubbornly at $9.40,…