Crypto News

H.C. Wainwright analyst sees upside in Bitfarms to $2.0 a share. He explained his constructive view in a research note on Friday. Bitfarms stock has already nearly tripled since the start of 2023. Shares of Bitfarms Ltd have already nearly tripled since the start of the year but an H.C. Wainwright analyst is convinced that rally is far from over just yet. Bitfarms stock could climb to $2.0 On Friday, Kevin Dede reiterated his “buy” rating on the bitcoin miner and said its shares could climb to $2.0 – up another 80% from here. The bullish call on Bitfarms stock arrives only hours after the company expanded operations in Argentina that increased its fleet hash to 5 EH/s. Estimates Dede has for 2023 are based on a hash rate of about 5.7 EH/s – a level he’s confident the miner will hit in its September quarter. This fleet expansion also came without further shareholder dilution – an added prize not universally shared across the spectrum of publicly traded bitcoin miners. Bitf...

Casper Network price rose over 60% in April, hitting a high of $0.060. CSPR traded at around $0.059 at the time of writing, about 6% up in the past 24 hours. While CSPR price is above key support level, here’s the price outlook for Casper Network going into May. Casper Network price rose more than 60% in April as the value of the native CSPR rallied to above $0.060. The cryptocurrency’s price currently sits around $0.059, up 6% in the past 24 hours and nearly 16% higher in the past seven days. However, while the Casper token is one of the standout performers of the last month, it remains off its peak of $1.33 by some huge distance. According to data from CoinGecko, CSPR reached its all-time low of $0.022 in June 2022, meaning traders who took positions at these levels are 164% up on their investment. CSPR at current levels is -95% from the all-time high reached in May 2021. What is Casper Network (CSPR)? Casper Network, a layer 1 blockchain network targeted for enterprise ado...

Market intelligence platform Santiment says wide price performance ranges have left crypto assets split between extremely overbought and underbought categories.  The price outlook for OMG Network (OMG), Serum (SRM) and Vidt DAO (VIDT) suggests they are most underbought. Meanwhile, Render (RNDR), Injective Protocol (INJ) and Bella Protocol (BEL) are extremely overbought. Cryptocurrency prices have been quite volatile in April, with a number of coins seeing massive gains before toppling to pre-rally levels amid extensive selling. But the outlook of some tokens suggests they are trending in extremely overbought territory, while a few remain greatly underbought. Render (RNDR), Injective Protocol (INJ) and Bella Protocol (BEL) are all heavily overbought. OMG Network (OMG) , Serum (SRM) and Vidt DAO (VIDT) fall in the latter category. Crypto price predictions for OMG, SRM and INJ While Bitcoin (BTC) price is back above $29,000 on Friday and is trending with positive sentiment a...

H.C. Wainwright analyst sees upside in Bitfarms to $2.0 a share. He explained his constructive view in a research note on Friday. Bitfarms stock has already nearly tripled since the start of 2023. Shares of Bitfarms Ltd have already nearly tripled since the start of the year but an H.C. Wainwright analyst is convinced that rally is far from over just yet. Bitfarms stock could climb to $2.0 On Friday, Kevin Dede reiterated his “buy” rating on the bitcoin miner and said its shares could climb to $2.0 – up another 80% from here. The bullish call on Bitfarms stock arrives only hours after the company expanded operations in Argentina that increased its fleet hash to 5 EH/s. Estimates Dede has for 2023 are based on a hash rate of about 5.7 EH/s – a level he’s confident the miner will hit in its September quarter. This fleet expansion also came without further shareholder dilution – an added prize not universally shared across the spectrum of publicly traded bitcoin miners. Bitf...

Newscrypto Coin (NWC) price has seen a slight decline today, trading near $0.12 after giving up gains from highs of $0.18  on 14 April 2023. Crypto analyst says the token could break higher and rally 100% or more over coming months. NWC reached its all-time high of $2.22 in May 2021. Newscrypto Coin (NWC) traded at around $0.12 on Friday morning, with a 24-hour price return of about -2% at the time of writing.  The daily trading volume was around $1.4 million in 24 hours, representing an increase of about 8% as selling pressure pushed the price of the altcoin down. The Newscrypto Coin, whose market cap currently stands at $18.5 million, traded at lows of $0.05 in early April. Newscrypto Coin price prediction: analysts highlights NWC breakout Newscrypto Coin (NWC), which reached its highest price of $2.22 on 3 May, 2021, had been one of the best performers in the last month as it rose to $0.18 on 14 April 2023. But while the token’s value remains over 128% up in the pa...

Key takeaways Findora has launched its Triple Masking ZK SDK solution. The solution empowers developers to integrate ZK privacy features into their dApps.  With Findora Triple Masking ZK SDK, developers can ensure their users enjoy privacy and convenience.  Findora’s Triple Masking ZK SDK Findora, an innovative Layer-1 blockchain, has announced the launch of the Findora Triple Masking SDK, a universal privacy-preserving solution set for Web3. In a press release shared with Coinjournal, the team said the Findora Triple Masking SDK gives developers a simple way to integrate zero-knowledge proofs into their decentralised applications.  Thanks to the launch of this product, users can conduct private transactions that remain auditable, with multiple options for what information is masked or remains transparent. The Findora Triple Masking SDK provides simple, plug-and-play privacy for every Web3 dApp, the team added.  While commenting on this  latest c...

Japan’s financial authorities had issued a warning that Binance was operating in the country without permission. Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022. Existing services on SEBC will be terminated for new service under the provisional name “Binance Japan” to be issued. As Binance continues to expand its business in Asia, it is set to begin operations in Japan in June according to a notice published by the exchange on Friday. At the moment, Binance is the largest cryptocurrency exchange in the world by market capitalization even after the recent crackdown on its US arm, Binance.US, by authorities in the United States. It is set to use the recently acquired Japanese crypto exchange called Sakura Exchange BitCoin (SEBC) to offer crypto services in the Japanese market. Launch of Binance Japan Binance has been working to restructure the SEBC exchange and the existing services on SEBC are scheduled for termination on May 31, 2023, after which the exchange...

PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain. PancakeSwap (CAKE) has dropped by 21% over the last seven days. The DEX’s core team introduced a proposal to reduce the token’s inflation rate to 3-5%. PancakeSwap’s native token, CAKE, has declined by about 21% in the last seven days and 27% in the last 14 days despite PancakeSwap’s core team introducing a proposal to reduce the token’s inflation rate to 3-5% from the current rates above 20%. While the crypto market suffered from the recent bear market across the board, the CAKE token was expected to ride on the proposed inflation-reducing proposal rather than drop. On the contrary, the token has been dropping as stakers move out in numbers. At press time, CAKE was trading at $2.66, up 1.6% over the last 24 hours. Reducing PancakeSwap token inflation rate PancakeSwap recently forked Uniswap V3’s code and launched its version on Aptos and Ethereum . The project’s core team has also introduced a proposal to ...

Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030. The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS. Uphold says the delay is due to a technical issue that will soon be sorted out. Kaspa (KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin ’s sharp decline overnight Wednesday. In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023. That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchange Uphold delays listing of Kaspa (KAS) On Thursday, Uphold , which was set to be the first centralised crypto exchange in the US to list KAS, announced it would be delayi...

Merlin is an Ethereum-based decentralized exchange (DEX) which uses zero-knowledge sync (zkSync). The DEX has lost more than $1.8 million in a liquidity pool hack. The hack took place barely hours after smart contract security firm CertiK audited the DEX’s code. Ethereum -based decentralized exchange (DEX) Merlin woke up to bad news on Wednesday morning after a hacker(s) drained the DEX $1.8 million in a liquidity pool hack. The hack happened during a public sale of Merlin’s native token MAGE. The hacker(s) stole several cryptocurrency assets including Ethereum (ETH), USD Coin (USDC), and other illiquid tokens. CertiK had audited Merlin’s code A few hours after the hack, security firm CertiK tweeted saying that it was investigating the incident to understand its impact on the community. It also said that its initial findings suggest that it could have resulted from an issue with a private key management meaning it was hack and not an exploit as widely thought. CertiK conducte...

Dymension is a blockchain startup building a network of easily deployable modular blockchains called RollApps. Dymension has partnered with Evmos Core Teams and Celestia. The three have launched the world’s first-ever IBC-enabled EVM rollup on testnet. Dymension has announced its collaboration with Celestia and Evmos Core Teams to launch the world’s first-ever IBC-enabled EVM rollup on testnet. Dymension has built-in rollups technology for scalability and it is creating an ecosystem of easily deployable and lighting-fast RollApps that any developer can use to build and deploy in order to scale their decentralized applications. IBC-enabled EVM rollup The IBC-enabled EVM RollApp will be deployed within Dymension’s initial testing ground “35-C”, as part of its long-term plan to establish and bootstrap a new ecosystem of IBC-enabled rollups. The deployment was made possible through close collaboration with the Evmos Core Development Team, as the RollApp uses Ethermint, an implemen...

H.C. Wainwright analyst initiates Coinbase with a “buy” rating. Mike Colonnese explained his bullish view in a research note. Coinbase stock has lost about 35% in just over a month. A 35% pullback in Coinbase Global Inc over the past month is “overdone” and a recovery is coming soon, says Mike Colonnese – an H.C. Wainwright analyst. Buy Coinbase stock for a 35% return On Wednesday, Colonnese recommended that investors buy shares of the world’s second-largest and one of the best cryptocurrency exchange as they had upside to $75 – a 35% premium on its current price. The analyst is bullish on Coinbase stock for one simple reason that rewards currently outweigh the risks. Coinbase is uniquely positioned to benefit from large and rapidly growing crypto economy given its trusted brand, easy to use products, and focus on compliance and regulation. Coinbase has a footprint in 100 countries and is serving about 8.3 million active users, which, Colonnese wrote, is scale enough for ...

Solana users will soon be able to interact with the network through a ChatGPT plugin. Users can use the plugin to check wallet balances, transfer Solana-native tokens, and buy NFTs. Developers are also encouraged to test using the plugin to retrieve on-chain data. At press time, SOL price was up 7.33% 34 hours after Solana announced through a tweet that “Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.” (1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ — Solana Labs (@solanalabs) April 25, 2023 The news comes two weeks after Solana unveiled yet another achievement, the crypto-first ‘Saga’ android phone , which w...

H.C. Wainwright analyst initiates Coinbase with a “buy” rating. Mike Colonnese explained his bullish view in a research note. Coinbase stock has lost about 35% in just over a month. A 35% pullback in Coinbase Global Inc over the past month is “overdone” and a recovery is coming soon, says Mike Colonnese – an H.C. Wainwright analyst. Buy Coinbase stock for a 35% return On Wednesday, Colonnese recommended that investors buy shares of the world’s second-largest and one of the best cryptocurrency exchange as they had upside to $75 – a 35% premium on its current price. The analyst is bullish on Coinbase stock for one simple reason that rewards currently outweigh the risks. Coinbase is uniquely positioned to benefit from large and rapidly growing crypto economy given its trusted brand, easy to use products, and focus on compliance and regulation. Coinbase has a footprint in 100 countries and is serving about 8.3 million active users, which, Colonnese wrote, is scale enough for ...

iZUMi Finance (IZI) price dropped over 15% amid massive profit taking. The dump followed the token’s listing on major crypto exchange KuCoin. But while price could fall below $0.030, the cryptocurrency’s strong ecosystem growth could see increased IZI demand and aid price uptick down the road. iZUMi Finance (IZI) price fell more than 15% early Wednesday as the cryptocurrency’s market defied broader crypto prices outlook. IZI traded to lows of $0.032 as sell pressure mounted following the coin’s   listing on major crypto currency exchange KuCoin . The dump is likely a “sell the news” scenario as the price of iZUMi Finance rose exponentially over the past few days. This after KuCoin announced it would list the native token of the multi-chain decentralised finance ( DeFi ) protocol. Even with today’s dip, IZI/USD was still trading more than 26% up in the past seven days and over 280% up in the past two weeks. iZUMi Finance price: sellers in control for IZI/USD While current...

Band Protocol (BAND) price was up 16% to $1.90 as major exchanges including Binance announced support for its network upgrade. The uptick in cryptocurrency prices, with Bitcoin (BTC) price bouncing to $29,000, also saw NEM (XEM) price rise 4% to $0.04. The price prediction for BAND and XEM is for a continued bullish flip, although buyers need to hold critical support levels. Bitcoin (BTC) flipped higher from key support that has held over the past few days, with the bump to $29,000 providing a fresh bullish outlook for the cryptocurrency. With BTC price 6% up in the past 24 hours and crypto bouncing as new concerns hit the banking sector, a few altcoins look primed to make some decent moves. Band Protocol (BAND) and NEM (XEM) are green today, but what’s their short term price outlook? Band Protocol price prediction: BAND bullish above critical support level The Band Protocol network upgrade is coming on 27 April 2023 and the native BAND token is surging. Major exchanges, inc...

Binance.US has reportedly terminated its deal for assets of Voyager Digital. The $1 billion deal had been approved by a US court. The price of VGX, the native Voyager token, fell more than 10% after the news. Binance.US has terminated its acquisition deal for the assets of Voyager Digital, according to a tweet posted on the bankrupt crypto lender’s Twitter account. “ Today we received a letter from Binance.US terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform ,” the announcement read. 1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform. — Voyager (@investvoyager) April 25, 2023 The Voyager token...

DigiToads (TOADS) offers an innovative approach to the NFT space and a promising investment opportunity. LDO is the native token of popular liquid staking platform Lido DAO. Meanwhile, Toncoin’s TON has the potential to benefit from the massive Telegram community and the social media giant’s involvement in The Open Network blockchain.  From decentralised finance (DeFi) to non-fungible tokens (NFTs), the crypto space is evolving rapidly. As the markets evolve and cryptocurrency becomes a viable investment option, more and more investors are looking at the next big opportunity.  While the more established coins like Bitcoin and Ethereum remain top assets for any portfolio, DigiToads (TOADS) , Lido DAO (LDO), and Toncoin (TON) offer promising potential for growth and profitability.  Here is an outlook for the three altcoins and why they may be well-positioned to take advantage of the latest trends.  DigiToads DigiToads sits on the top tier of the three altco...

Chamath Palihapitiya, a top tech investor and crypto bull, says regulators have killed crypto in the United States. He notes that regulators have their guns trained at crypto, highlighting regulatory uncertainty and the crackdown on crypto companies.  Palihapitiya said in 2021 that Bitcoin had replaced gold, predicting that BTC would rise to $200,000. Tech billionaire Chamath Palihapitiya, a long time bitcoin  bull who once predicted the price of the flagship cryptocurrency will rise to $200,000, saying BTC had replaced gold , has commented on the state of the crypto industry in the United States. He says the regulatory uncertainty has killed the crypto innovation in the country. Crypto dead in the US thanks to regulators In comments shared via an episode on the All-In podcast , Palihapitiya warned that “ crypto is dead in America .”  The venture investor’s remarks came a few days after the crypto industry largely criticized the overall outlook of the crypto re...

The Zimbabwe dollar has been depreciating against the US dollar. The country has been struggling with inflation for more than a decade now. The Reserve Bank of Zimbabwe (RBZ) has announced plans to launch a gold-backed digital currency. While countries work on central bank digital currencies (CBDCs) and others like El Salvador embrace Bitcoin as their legal tender, Zimbabwe has announced a plan to launch a gold-backed digital currency. The Reserve Bank of Zimbabwe (RBZ) towards the end of last week announced that it was working on a gold-backed digital currency that will become legal tender in the country. The move is part of the Zimbabwean government’s strategy to keep the local currency from depreciating further against the US dollar. Hedging against currency instability According to reports from local media, the gold-backed digital currency will allow the Zimbamweans to trade tiny sums of Zimbabwean dollars for the digital gold token. This will allow Zimbabweans to hedge a...

Ethereum (ETH) ICO price was $0.31 when the address received coins on 30 July 2015. The addresses’ wealth has jumped from $733 to over $4.4 million at the time of the single transaction on 23 April 2023. Last week a Satoshi era wallet woke up after over 10 years. An Ethereum wallet that participated in the coin’s initial coin offering (ICO) has transacted for the first time, on-chain data shows. The address received 2,365 ETH on 30 July 2015 and remained dormant until Sunday, 23 April 2023 when it transferred 1 ETH. The address received the ETH at block 0 and transferred the single ETH at prices of $1,868 at block 17110898. With the ICO price having been $0.31 in 2015, the wallet ‘s wealth has grown from around $733 to over $4.4 million. “ An Ethereum ICO participant woke up after 7.7 years of dormancy and transferred 1 $ETH to a new address. He received 2,365 $ETH ($4.42M currently) at Ethereum Genesis, the ETH ICO price [was] ~$0.31 ,” on-chain data tracker Lookonchain ...

DAI stablecoin holders are adding to positions as crypto prices range. Addresses with 100k-10 million DAI added 6.4% of supply in the past six weeks.  The overall holdings for this cohort had dropped significantly as Bitcoin and Ethereum prices pumped in mid-March, Santiment data shows. On-chain data shows large investors, the sharks and whale addresses with $100,000 to $10,000,000 worth of DAI have recently added to their positions. Addresses with 100,000-1 million DAI hold over 13% of supply while those with 1 million- 10 million DAI currently hold over 25% of supply. Whales buy DAI stablecoin as markets range As the crypto markets see fresh volatility, market data provider Santiment has highlighted that after the rotation that followed Bitcoin and Ethereum prices pumping in mid-March, sharks and whales have added 6.4% of DAI. “ Even with crypto markets rollercoastering in April, top stablecoins like $DAI are being accumulated by sharks & whales. Since $DAI was exc...

KuCoin says compromise of Twitter account lasted about 45 minutes, with users clicking on malicious links losing over $22,000. On-chain data shows largest loss was $7,750 in ETH. KuCoin has announced it will reimburse those who fell victim to the scam. KCS, the native token of crypto exchange KuCoin , traded lower today as the exchange reported its official Twitter account was compromised for about 45 minutes.  In the latest KuCoin news , the exchange says the compromise only affected users on Twitter who interacted with fraudulent tweets and that no exchange assets were stolen. While users have been asked not to click on suspicious links, KuCoin has promised to reimburse all those affected as a result of the incident. KuCoin Twitter account compromised, $22,000 stolen from users KuCoin announced that its Twitter handle had been briefly compromised early Monday. The 45-minute breach of the exchange’s social media account saw a number of users lose their assets. According t...

Zilliqa price fell to an intraday low near $0.032 after buying pressure had pushed ZIL to $0.035. The Zilliqa team recently announced the highly anticipated upgrade that brings EVM compatibility will go live on 25 April 2023. ZIL price rose after the initial announcement and bulls are looking to reap even more gains. Zilliqa (ZIL) price dipped on Sunday, with the native token of the Sharding network recording declines of nearly 9% to reach $0.032. The dip saw ZIL give up recent gains accrued when upside momentum amid network news pushed prices to above 0.035. Zilliq 2.0 goes live on 25 April 2023 The announcement last week of Zilliqa 2.0, which brings Ethereum Virtual Machine (EVM) compatibility on the Zilliqa mainnet saw the price of ZIL rise above $0.035. #EVM compatibility is coming to the Zilliqa mainnet on April 25th! Find out more about the details of the EVM launch and the features coming in Zilliqa 2.0 in our interview with Zilliqa CTO Richard Watts: https://t.co/j...

WOO Network saw increased sell-off after rejecting at $0.35. Crypto analyst says WOO could decline to $0.20. The losses for WOO came as Bitcoin price retreated to around $27,400 on Sunday. WOO Network price fell double digits on Sunday as the crypto market continued to see weakness among the bulls following key downward moves for Bitcoin , Ethereum and other major cryptocurrencies. At the time of writing, WOO was trading around $0.24, more than 10% down in the past 24 hours and nearly 26% down in the past 7 days. Bitcoin on the other hand, broke below major support at $27,800 to hover near $27,400. What is WOO? WOO is the native token of WOO Network, a blockchain-based decentralised finance (DeFi) and centralised finance (CeFi) platform. Users on the trading platform can trade BTC, ETH and other coins and benefit from one of the best liquidity and low cost trade executions. Users have access to zero fee trades on the CEX platform dubbed WOO X, while the DEX platform WOOFi off...

Ethereum price has dropped by 11.8% over the last week. It had surged above $2,100 after the Shanghai upgrade. At press time, it was trading at $1,855 almost $300 below the post-Shanghai highs. In recent days, the cryptocurrency market has been quite fragile, largely because of the increased threat of an economic recession. There has also been persistent high inflation and fluctuations in the stock market. The top cryptocurrencies have been largely affected within the crypto space with Ethereum declining below its pre-Shanghai price levels and Bitcoin dropping below $28k. The global cryptocurrency market cap has also been on the decline since hitting a high above $1.25 billion on Thursday, April 13. Key Ethereum price levels to watch The sudden drop in price has left ETH investors/traders wondering what the future holds for the Ethereum price especially since the Shappella upgrade was seen as a game changer to the second-largest cryptocurrency by market cap. Most are now scr...

Have you ever thought about how the cryptocurrency market influences your preferred online gambling games? This virtual form of currency, introduced in 2009, has taken over the gaming industry with its potential to make deposits and withdrawals faster and more securely without any associated cost. As cryptos continue advancing on their path, they are also transforming all aspects of iGaming. Below are all the details regarding this meteoric phenomenon that is revolutionizing digital casino entertainment as we know it. The Emergence of Crypto-Based Online Casinos As the crypto revolution doesn’t seem to be stopping anytime soon, more online operators like Joe Fortune Bitcoin Casino are seeing its potential and various benefits. This is why a lot of iGaming sites choose specifically Bitcoin as their only acceptable form of payment or introduce other digital coins such as Ethereum, Litecoin, Tron, Ripple, etc. There are several reasons why these casinos are gaining in popularity: A...