Cryptocurrency Archives - Page 2 of 78

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

8Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

Terra Classic (LUNC) took a tentative step towards recovery on April 1st as Binance, a major cryptocurrency exchange, delivered on its promise to burn a portion of its LUNC trading fees. According to Terra Finder, Binance incinerated 4,175,855,418 LUNC, valued at over $585,000 at current prices. Read Also: Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs This burn represents half of the fees Binance collected on LUNC trades throughout March. The exchange's commitment involves burning 50% of its LUNC trading fees every month, aiming to bolster the ongoing burn mechanism – a core element of the Terra Classic revival plan. Fire and Ice: Understanding the LUNC Burn The Terra Classic burn mechanism emerged from the ashes of the Terra ecosystem's collapse in May 2022. Its obj...

Altcoins to Watch: Three Gems That Could Shine Brighter Than Bitcoin After the Halving

8Apr

By Kayode Oke MichaelNo Comments

Cryptocurrency

Altcoins to Watch: Three Gems That Could Shine Brighter Than Bitcoin After the Halving

The crypto market is abuzz with the upcoming Bitcoin halving event, which is expected to cause a major shakeup in the market. As a result, experts have identified Solana (SOL), Ethereum (ETH), and Pullix (PLX) as promising altcoins to invest in before the halving. Solana and Ethereum are well-known players in the market, but Pullix is gaining attention for its unique approach to crypto trading. The platform offers a hybrid trading system that provides investors with greater control over their assets, zero commission on transactions, high security, and robust transparency. Pullix (PLX) Starts Trading Platform, Rolls Out Staking Alternatives The Pullix trading platform has already launched on several popular exchanges, including Uniswap, BitMart, XT.com, and MEXC, making the PLX token m...

Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?

6Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?

The cryptocurrency market is buzzing with speculation about Terra Classic (LUNC), the token remaining after the collapse of Terra (LUNA). Upcoming events like the Bitcoin halving and developments within the LUNC ecosystem are fueling discussions about its future price trajectory. Bitcoin Halving's Potential Impact The Bitcoin halving, a pre-programmed event roughly every four years, cuts Bitcoin miner rewards in half, restricting the supply of new Bitcoin entering circulation. Historically, these halvings have positively affected Bitcoin's price, potentially causing a ripple effect across the altcoin market, including LUNC. Read Also: Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens Gemini's AI Model Prediction Google's advanced AI model...

Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving

5Apr

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving

Pepe Coin price is currently consolidating after a correction, with its sights set on potential growth before the upcoming Bitcoin halving event. The meme coin sector experienced a significant downturn recently, mirroring a broader correction in the crypto market following Bitcoin's retreat from highs above $70,000 last week. Tokens like PEPE, WIF, and BONK saw their March gains considerably eroded. Read Also: Meme Coins Take Over: Shiba Inu Leads the Charge on Indian Crypto Exchange WazirX Pepe Coin Seeks Support, Eyes Uptrend Despite the bearish outlook, Pepe Coin is attempting a recovery following a 24% drop from its recent peak of $0.000009. The 200-day EMA (Exponential Moving Average) is acting as immediate support, potentially paving the way for a trend reversal. Howev...

Breaking News: Coinbase Embraces BRC-20 Token ORDI and Worldcoin Perpetual Futures

5Apr

By Kayode Oke MichaelNo Comments

Cryptocurrency

Breaking News: Coinbase Embraces BRC-20 Token ORDI and Worldcoin Perpetual Futures

Coinbase's institutional client unit has stated the launch of perpetual futures contracts for Ordinals and Worldcoin on April 11. These perpetual futures contracts enable traders to speculate on an asset's future price without an expiration date. However, the introduction of these contracts is subject to regulatory approval, which varies depending on the product being offered. Read Also: Shiba Inu Magazine Release Aims to Boost Investor Optimism Despite Price Dip The trend of ORD-PERP and WLD PERP Institutional investors on Coinbase's International and Advanced platforms will soon have access to BRC-20 token Ordinals (ORDI) and Worldcoin (WLD) perpetual futures. ORDI and WLD have recorded significant price action and trading volumes in recent months. ORDI has seen a surge of 1,...

Terra Classic: 4 Billion LUNC Burned By Binance, An Action Aiming To Fuel LUNC $1 Revival Plan

5Apr

By Daniel AbangNo Comments

Terra Classic (LUNC)

Terra Classic: 4 Billion LUNC Burned By Binance, An Action Aiming To Fuel LUNC $1 Revival Plan

The burn action, which happened on April 1, addresses the exchange obligation to reinforce the Terra Classic recovery crusade. Information from Terra Finder affirms that the exchange burned precisely 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices. This figure represents half of the fees accumulated by Binance on Terra Classic trades for March, as guaranteed by the Binance. Recall that Binance vowed to burn 50% of its LUNC trading fees every month an act which is aimed at supporting the ongoing burn campaign crusade and the revitalization plan. Read Also: Shiba Inu Magazine Release Aims to Boost Investor Optimism Despite Price Dip The Consistency OF Binance In Terra Classic Burn Even as the Number Exchange is going through a legal tussle with the US government a...

Binance Burns Over 4 Billion LUNC Tokens, Boosting Terra Luna Classic

2Apr

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Binance Burns Over 4 Billion LUNC Tokens, Boosting Terra Luna Classic

In a move hailed by the Terra Luna Classic community, Binance, the world's leading cryptocurrency exchange, executed a significant burn of LUNC tokens on April 1st, 2024. According to LUNC News, the amount burned reached 4.1 billion, pushing the total number of LUNC tokens removed from circulation to over 43 billion. Read Also: XRP Poised for Surge Above $13 on Complex Elliott Wave Pattern, Analyst Claims https://twitter.com/Chot4a/status/1774801984450617554 This burning mechanism aims to reduce the overall supply of LUNC, potentially leading to increased scarcity and a subsequent rise in price. The Terra Luna Classic community has heavily advocated for such measures following the dramatic crash of the original Luna token earlier in 2023. Read Also: Shiba Inu Burn Rate Soars Bu...

SEC And Ripple’s Settlement Conference: Could This Led To A Happy Ending?

30Mar

By Daniel AbangNo Comments

Cryptocurrency, Ripple News

SEC And Ripple’s Settlement Conference: Could This Led To A Happy Ending?

As per the CourtListener legal database, the US District Court for the Southern District of New York as of late planned a settlement conference with respect to the continuous legal tussle between the SEC and Ripple. The meeting, held yesterday at 3:10 PM (ET), was presided by Judge Sarah Netburn. An X user @bobaboy76239 shared a photograph of Ripple's executives Brad Garlinghouse and Stuart Alderoty entering a federal courthouse in New York yesterday. Read Also: Will Coinbase Meet The Same Faith As XRP In Court Or Will SEC Lose? https://twitter.com/bobaboy76239/status/1773771635427844155 Settlement Conference A Mandatory Event The photograph inspired a progression of responses, as XRP community members were shocked that a settlement meeting had happened suddenly. In response ...

Will Coinbase Meet The Same Faith As XRP In Court Or Will SEC Lose?

28Mar

By Daniel AbangNo Comments

Cryptocurrency

Will Coinbase Meet The Same Faith As XRP In Court Or Will SEC Lose?

On Wednesday, a US district judge gave a judgment that the Security and Exchange Commission (SEC) can continue with its legal battle against Coinbase. Judge Katherine Failla denied Coinbase's move to dismiss the case, contending that the SEC has given adequate proof that the exchange might be abusing Security laws with its trading and staking products. This will offer the SEC the chance to demonstrate its case. While the judge's decision clearly conflicts with Coinbase at this stage, the exchange has asserted that it had expected the ruling. Coinbase will challenge the lawsuit, with chief legal officer Paul Grewal expressing confidence in the organization's legal argument. In the meantime, the crypto space has united behind Coinbase, with Edward Snowden driving the voices for a Co...

Meme Coins Mania Grips Crypto Market: BOME, PEPE, and ALGT Poised for Breakout

28Mar

By CryptolifedigitalNo Comments

Cryptocurrency

Meme Coins Mania Grips Crypto Market: BOME, PEPE, and ALGT Poised for Breakout

The crypto space is witnessing a surge in meme coins, with substantial gains recorded throughout March. This trend began in the Solana ecosystem, where over $150 million was collectively raised by 33 meme coin projects. Due to these massive breakouts, meme coins are expected to be major players in 2024. Three meme coin projects have emerged as potential frontrunners: Book of Meme (BOME), Pepe (PEPE), and Algotech (ALGT). All three are anticipated to see significant growth due to rising market interest and strong community engagement. BOME Takes the Lead with Meteoric Rise Book of Meme (BOME) is a new Solana-based meme coin experiencing unprecedented growth. After a successful presale, BOME launched in March, capturing investor attention with a record-breaking $4 billion surge in volum...