Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Round 38 – Average karma by vault size

Hello gents, As for the last drop, I will give you this interesting overview as well: we will take a look at how much karma was earned on average (with a global view on individual values as well) based on vault size. First of all, you can find the same overview on round 37 here:…
Read more

Spreading misinformation about Changpeng Zhao 'was the norm' for SBF, says Binance CSO

Binance chief strategy officer Patrick Hillmann claimed former FTX CEO Sam Bankman-Fried was “constantly” using his platform to disparage CZ without considering the FTX Token sale.

The future of crypto taxes: Understanding the ever-changing landscape

Crypto taxation remains to be a controversial space, though some transparency is expected.

What are your thoughts on Vitalik Buterin?

I just learnt the other day that the term “BTC maximalists” could be traced back to Vitalik Buterin. It appears that back in 2016, he used this term to criticise how the way BTC users firmly believed that “it’s BTC’s way or the Highway” was unethical. Perhaps he meant it to be a thinly veiled…
Read more

Error sending Ethereum NFT from Coinbase wallet to Ledger or GameStop Wallet

I purchased the "For the Children" NFT from app.manifold.xyz/c/forthechildren and it gave the option for Coinbase wallet. Donation went through successfully and shows in the Coinbase wallet app. When trying to send to any Ethereum address, I get an error message "something went wrong". I have sufficient funds (30 USD of ETH) in my coinbase…
Read more

Biggest Movers: XRP, ADA Drop to Multi-Week Lows on Friday

Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low. XRP XRP, formerly ripple, was deep in the […]

Shiba Inu Whales On Buying Spree, Add 311 Billion Tokens During Price Dip

Whales have resumed their Shiba Inu buying spree as the meme coin price declined alongside the global crypto market. According to the WhaleStats report, a top ETH whale picked up $3.22 million worth of SHIB tokens over the past 24 hours. The Ethereum whale performed the purchase in two transactions, scooping over 311 billion Siba Inu tokens within minutes. Shiba Inu’s Price Correction Attracts Top ETH Whales Shiba Inu has been on the list of preferred assets among top Ethereum whales over the past few months. The whales actively packed large chunks of SHIB tokens between January and February. However, it appears the whales went on break, waiting for another opportunity to strike. Related Reading: Cardano In Strong Demand Zone, Breaking Through Key Level Crucial A recent alert from the crypto tracking platform, WhaleStats, shows the 254th-biggest Ethereum whale purchased 311,998,734,794 SHIB tokens on April 20. The whale performed the transaction in two consecutive transactions. The whale bought 194,114,774,578 Shiba Inu tokens worth $2,069,263 before initiating another transaction for 117,883,216 SHIB worth $1,256,643. The unexpected token accumulation comes as Shiba Inu’s price fell from its critical support level at $0.0000107. Shiba Inu Price Outlook Amid Burn Rate Spikes The recent price decline comes after several days of massive SHIB token burn by the Shiba Inu community to boost the meme coin’s price. In the days following the Shibarium PuppyNet launch, large chunks of Shiba Inu coins went into the dead wallets.  On April 20, the Shiba Inu token burn rate spiked by 3,500%, according to the burn tracking website, Shibburn. Following Shibburn’s hourly update, April 20 saw another 5,180% burn rate spike.  Related Reading: Cardano Racks Up Nearly 4% Gain Amid Short-Term Losses – Will Investors Hold Firm? Given Shiba Inu’s massive circulation supply of tokens, the recent burn had little effect on the meme coin’s price. The token traded bearishly yesterday, with a 7.0% price decline, and has continued in the downtrend today. SHIB is slightly recovering after forming three consecutive red candles on the daily chart. The bears have dominated the market, pushing SHIB close to its support zone. Shiba Inu has dropped below its 50-day and 200-day Simple Moving Averages (SMA), a bearish sentiment for the short and long term.  Also, the Relative Strength Index (RSI) is 41.22, close to the oversold region of 30. The indicator is moving downwards, suggesting further decline for the asset. SHIB’s support levels are $0.0000085 and $0.0000102, with resistance levels at $0.0000115 and $0.0000112. SHIB is close to the $0.0000102 support level. If the level does not hold, expect further price decline from the asset in the coming days. At press time, Shiba Inu is trading at $0.00001061, and the price is rising after declining by 3.6%. Featured image from Pixabay and chart from Tradingview

Warren Buffett was wrong about a 'rat poison' Bitcoin portfolio, data shows

Warren Buffett is not a big fan of Bitcoin and this position has cost his investment portfolio at least a 320,000% potential gain.