Author: cryptonews7
An ad posted to Twitter/X by Solana was deleted just hours later after the crypto community widely criticised it for being cringe and offensive. There were over 1.4 million views of the ad, which primarily attacks the notion of gender diversity as it aims to highlight an American return to ideals of ‘hard work, innovation and rational thinking’. The team behind the Solana blockchain has done a quick about-face by deleting a new advertisement within a day of its release, following widespread backlash about its cringe-worthy and insensitive message. The video was shared to Solana’s Twitter/X account at around midday…
Advertisement     Brazil-based asset manager Hashdex has amended its S-1 regulatory filing with the U.S. Securities and Exchange Commission to expand its crypto index ETF with seven additional altcoins, including XRP, Solana, and Cardano. The submission comes three months after Hashdex’s fund, which currently holds only Bitcoin and Ethereum on a market cap-weighted basis, first won SEC approval. Hashdex Combo ETF Eyes XRP, SOL, And ADA Hashdex, a prominent player in the crypto ETF sector, has asked the SEC to add a slew of altcoins to its crypto index ETF. According to a filing with the regulator on…
Advertisement     A crypto trader has backed Cardano’s (ADA) bullish price uptick, which broke multiple resistance levels. The crypto market has faced an extended period of sideways trading with increasing volatility after Bitcoin’s price dropped below $100K. At press time, bearish sentiment maintains its hold on the market, with a 3% drop in the total market capitalization to $2.7 trillion. Experts Eye Cardano Breakout To $1.35 Rose Premium Signals pointed to a possible Cardano price action above $1.35 in the next market uptick. This is possible if the asset holds the current support and breaks the resistance amid…
In a significant development, decentralized peer-to-peer cryptocurrency Litecoin (LTC) has scored a new global record on BitPay. The coin has retained its crown as the most used cryptocurrency on the platform over the past six months. LTC Breaks 12-Month BitPay Record According to the Litecoin X account update, LTC accounted for 34.28% of all transactions. It accounts for 79,502 payments processed out of 234,874. While LTC took 34% of the total share, Bitcoin comes second with 27.24%. Ethereum follows at a distant third, accounting for 10.94% of the total transactions. Bitcoin Cash also showed popularity on Bitpay with an 8.6%…
Advertisement     In a significant development for the Cardano community, Coinbase has announced the introduction of Cardano (ADA) futures, opening new doors for institutional investors seeking exposure to the crypto asset. In a statement on Friday, Coinbase Institutional confirmed that its derivatives arm has filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for both Natural Gas (NGS) and Cardano (ADA). “We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify Natural Gas (NGS) futures and Cardano ($ADA) futures… We anticipate going live with these products on Monday, March 31.,”…
Advertisement     Bitcoin (BTC) and other major cryptocurrencies maintained strong gains on Monday after a sharp weekend surge, fueled by former U.S. President Donald Trump’s announcement of a proposed U.S. Crypto Reserve. The initiative, unveiled on Sunday, included XRP, SOL, and ADA before BTC and ETH were added. The news, arriving just days ahead of the highly anticipated first-ever crypto summit later this week, sent Bitcoin soaring past $94,000. The total cryptocurrency market capitalization reclaimed the $3 trillion mark as traders scrambled to capitalize on the potential impact of the development. However, while many in the crypto community…
Advertisement     Dogecoin (DOGE) experienced a sharp rally on Sunday following former President Donald Trump’s announcement of a U.S. “Crypto Strategic Reserve.” Although DOGE was not mentioned, the second-largest meme coin surged nearly 20%, closing at $0.24. The announcement sparked significant whale activity, with popular crypto analyst Ali Martinez highlighting the trend early Monday. “Whales bought an additional 140 million DOGE in the last 24 hours,” Martinez tweeted. This followed a significant accumulation spree over the weekend, with whales amassing 910 million DOGE in just 48 hours. On Friday, Martinez reported that whales were “buying the dip,” acquiring…
Advertisement     Charles Hoskinson, the founder of Cardano, believes Cardano could serve as the backbone of a $30 trillion cryptocurrency future. Delivering a keynote speech at the University of Wyoming on Monday, the pundit outlined his vision for Cardano, highlighting its ability to revolutionize industries and drive unprecedented economic growth in the future. Notably, Hoskinson highlighted the explosive growth of the crypto industry since its early days. “When I started, nobody cared,” he noted, adding that at the time when Bitcoin was so undervalued that “the fifth prize([in a Starcraft tournament) was 25 Bitcoin, and nobody wanted to…
Advertisement     Dogecoin (DOGE) has gained momentum alongside other meme coins as holders set sights on an upswing. The crypto market has suffered headwinds wiping off gains and forcing retail and institutional traders under sell pressures. This impacted meme coin prices, sparking major exits. DOGE Holders Eyes Major Uptick Crypto trader Ali Martinez wrote on X that Dogecoin remains at key support and could record a quick rebound. Increased market activity and volume have fueled this optimism for many traders. Despite the recent price dip, active addresses have risen by 47% to 163,000 in the last 30 days. …
8h05 ▪ 4 min read ▪ by Mikaia A. The crypto market has been tinged with bright red today, and crypto SHIB has not escaped the storm. However, despite this bearish pressure, the memecoin shows an increase of over 3% in 24 hours. Far from being discouraged, the Shiba Inu team calls for resilience. Lucie, the marketing manager of the project, states: ” SHIB is our Bitcoin“. But what does this bold statement really mean? Shiba Inu, a “Bitcoin” version memecoin? Shiba Inu is not just a trendy altcoin. According to Lucie, SHIB embodies a complete ecosystem integrating several digital…