Category: Cryptocurrency News

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Ethereum started the weekend trading below $1,900 for the first time in two weeks, as cryptocurrency markets continued to fall. The global market cap is down by close to 3% at the time of writing this. Bitcoin was also in red, as it moved closer to $27,000. Bitcoin Bitcoin (BTC) was in the red for […]

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Bitboy is being sued for (allegedly) misleading investors by promoting FTX without disclosing compensation. This is being led by lawyer Adam Moskowitz who is representing a class of investors bringing legal action against a number of celebrities who worked with FTX that includes Ben Armstrong(aka Bitboy). Bitboy has made number of responses to the situation.…
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While the crypto market appears to be in decline, Bone Shibaswap (BONE), the Shibaswap ecosystem’s governance token, has been on the rise. As of this writing, the price of Bone Shibaswap has ballooned to an impressive 8.3% in the past 24 hours, according to CoinGecko data. However, a broader look at BONE’s market performance indicates an underwhelming run in the past month. The meme token has experienced a 16.8% price drop in the last 30 days. Related Reading: OKB Token Shines With 23% Gains On Weekly Chart, What’s Pushing It? OKX Becomes 13th Biggest BONE Holder Without a doubt, the price rise of Bone Shibaswap is reflective of recent market activity. On-chain data from Etherscan.io reveals that OKX, a prominent cryptocurrency exchange, has acquired a staggering 1,900,736.16586897 BONE tokens (equivalent to $1,788,547.11 ) in the past 24 hours. This acquisition, executed via multiple transactions, pushed OKX to 13th place on the list of largest BONE holders. OKX is not the only exchange on this list, as Singapore-based firms Crypto.com and MEXC Global are also members of the exclusive club. The buying spree kicked off after OKX launched a voting event on Friday, April 21st, inviting users to vote for the meme project they would like to see listed on the exchange. The voting event features five of the most popular meme tokens, including AIDOGE, BONE, BONK, OPTI, and PEPE.  OKX also declared its intention to list the three tokens with the highest number of votes. The voting event will end at exactly 06:00 am UTC on April 24th, 2023. Results are to be announced on the same day at 10:00 am UTC. If OKX does list BONE on its exchange, it will be the coin’s biggest exchange listing ever. Of course, as has been exhibited in the past 24 hours, this would have an impact on the value of Bone Shibaswap. Other prominent exchanges to have listed the token include Crypto.com, Gate.io, Bitget, Bing, and BTCEX. Time To Buy The Dip? Going by the coin’s movement in the past, BONE surged to new heights when listed by a crypto exchange. However, it is worth noting that these price increases were short-lived, as is often the case in the market these days. For example, after the cryptocurrency was listed on Crypto.com in early March, it rallied a 14.8% increase in a few days. By the end of March, the token price had plummeted by a disappointing 30.9%. According to CoinCodex price prediction, the current sentiment for Bone Shibaswap is bearish, with the token expected to lose 6.99% of its current value in five days. Meanwhile, the coin is projected to lose an additional 40% over the next month. That said, this information should not be relied upon as investment advice. BONE is currently priced at $0.945, with a daily trading volume of $4,888,630. Related Reading: These Top 5 Cryptos Are Thriving Despite A Slippery Market BONE trading at $0.9404 | Source: BONE/USD chart from TradingView Featured image from CoinGecko, chart from TradingView

According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy. U.S. Ready to Shore up Its Financial […]

Celer Network (CELR) is currently experiencing a market pump amidst a general crypto fall. In a week in which several assets have bled with significant losses, CELR has repaid investors’ confidence gaining 10.8% in the last seven days. According to more data from Coingecko, CELR has gained by 26.3% in the last two weeks representing a far better market performance than market giants Bitcoin (BTC), and Ethereum (ETH), within the same period. However, it must be said that CELR is a long way from its market price as of this time last year, with a staggering 44.4% decline from its year-to-date value.  That said, much of CELR’s price growth in the past week has been driven by a series of announcements by the project, sparking excitement among the user community and increasing traction on the network.  At press time, CELR is trading around $0.0264, having gone up by 3.2% in the last 24 hours. Based on more data from Coingecko, the ERC-20 token has a daily trading volume of $60.67 million and a total market cap of $149.65 million. CELR trading at $0.026 | Source: CELRUSD chart from Tradingview.com Related Reading: China Is Fast Losing Money: Their Bitcoin Stash Just Fell By $388 Million Celer Announces Expansion of zkSync Coverage  For most investors, it is little to no surprise that Celer has managed to stay above the waters during this crypto storm, as the blockchain network has recorded various exciting developments in the last few weeks.  On April 19, Celer Network announced the expansion of its support for the zkSync Network. According to Celer’s Twitter post, users can now utilize the cBridge, the network’s multi-chain cross-layer asset bridge, to bridge ETH and USDC between the zkSync Era network and over 10 other blockchains, including Ethereum, BNB Chain, Avalanche, Polygon, etc.  The zkSync project is a layer-two scaling solution designed to scale operations on the Ethereum network using zero-knowledge (zk) technology. It is currently one of the nascent and most exciting technologies in the crypto space following the launch of its Alpha Mainnet last month. Related Reading: XRP Correction Continues: Elliott Waves Theory Predicts Wave 2 At $0.38 Other Developments On The Celer Network In addition to the expansion of its zkSync coverage, Celer Network also unveiled its collaboration with Polygon as one of the initial launch partners of the project’s zkEVM upgrade. The developer’s team stated that the cBridge would provide support for bridging ETH between Polygon zkEVM and other networks, including Ethereum, Fantom, Optimism, Arbitrum, BNB Chain, Avalanche, and the Polygon Mainnet.  Meanwhile, BitGo, one of the most popular names in the crypto space, also announced support for CELR this week. BitGo is a leading digital asset security and custody company with over 1,500 institutional clients in 50 countries, including top cryptocurrency exchanges, trading platforms, regulated entities, etc. Featured Image: Celer Network, Chart from TradingView