Month: May 2024

The best crypto apps for beginners in 2024

Discover some of the best cryptocurrency apps for beginners, like Binance, Bybit, eToro, Coinbase, and Kraken. When it comes to crypto, finding the right platform to kickstart your digital asset journey is crucial. Many first-timers often ask the question, What are the best crypto apps for beginners?  This article will shed some light on the issue by examining some of the best beginner crypto apps on the market. These platforms offer not just easy-to-use interfaces and low fees but also robust security measures, ensuring a smooth and secure trading experience…

Shiba Inu Surprise! Binance Japan Listing Ignites 360% Price Spike

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Shiba Inu (SHIB), the meme coin with a loyal following, experienced a whirlwind of activity in the Japanese market this week. The catalyst? The listing of a new SHIB/JPY trading pair on Binance Japan, a move that initially sent the price soaring. Shiba Inu Soars On Binance Listing, But Briefly On April 30th, Binance Japan announced the addition of the SHIB/JPY pair to its spot trading platform. This move provided Japanese investors with a convenient way to trade SHIB directly with their yen, eliminating the need for currency conversions. The…

SEC Ethereum ETF rejection sparks debates; Render rival poised for surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borroe Finance is gearing up for a significant market impact with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn’t dampen spirits. While the news might seem like a buzzkill, there’s a silver lining on the horizon – and it’s called Borroe Finance (ROE). This AI-powered altcoin is not only giving Render a run for…

NYC woman gets 18 years in prison for funding terrorism using Bitcoin

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A New York woman gets 18 years in prison for laundering $12,000 in Bitcoin to fund a terrorist group in Syria. Victoria Jacobs, also known as Bakhrom Talipov, 44, was sentenced to 18 years in prison by a New York State court jury after being found guilty of terrorism financing through cryptocurrency. In a press release, the Manhattan District Attorney’s Office said that Jacobs was “fully immersed in online terrorist ecosystems,” emphasizing her assistance in “raising and laundering thousands of dollars” for Syrian terrorist groups. “From the safety of her…

Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts

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The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […] Source

DOT Price (Polkadot) Approaches Key Level: Should Traders Brace for Sharp Drop?

Polkadot (DOT) is showing bearish signs below the $8 resistance against the US Dollar. The price could extend its decline if it fails to stay above $6.00. DOT is gaining pace below the $8.80 and $8.00 levels against the US Dollar. The price is trading below the $7.20 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $6.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to decline toward the $5.00…

Ethereum Price Plunges Over 5%, Can Bears Push ETH Under $2,800?

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Ethereum price started another decline and traded below $3,000. ETH must stay above the $2,800 and $2,850 support levels to avoid a major drop. Ethereum started another decline and tested the $2,900 zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,850 support. Ethereum Price Dives Again Ethereum price struggled to gain…

Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division

Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives that merge tech and human potential. Tether Dabbles in Biotech, Acquires $200 Million […] Source CryptoX Portal

Why did Binance ditch Ordinals — and will the market survive?

Data shows Binance’s NFT marketplace wasn’t really a popular destination for Ordinals anyway — with traders now fixated on Runes instead. Binance’s decision to scrap support for Ordinals in April raised eyebrows among Bitcoin enthusiasts. The embattled exchange, which has been fighting legal battles on multiple fronts in recent months, said the move was designed to “streamline” its product offering. It went on to warn anyone who holds Bitcoin NFTs to move them somewhere else so they could continue to be eligible for airdrops. This marks quite a sudden U-turn…