DeFi News Official Today TheBitTimes.com

New cryptos are taking the lead in the current crypto rally, per Kaiko data. Weekly spot volume hitting $8 billion signals significant growth in the crypto landscape. Despite minor setbacks, tokens like Bittensor and Dymension show robust trading and investor confidence. Amidst a vibrant crypto market, tokens introduced in 2023 or 2024 are taking center stage in the current market rally. According to Kaiko, an analytics platform, some of the best-performing tokens of this period are barely a year old.  Some of the best performing tokens of this mini-bull rally were launched in 2023 or earlier this year. New tokens registered around $8bn in spot volume each week since the start of the year. pic.twitter.com/GgXw3Y1jMG — Kaiko (@KaikoData) February 22, 2024 Additionally, newly launched tokens have consistently raked in approximately $8 billion in spot volume every week since the year began. This activity surge highlights the cryptocurrency landscape...

BNB price surges 2% in 24 hours days, driven by Binance’s burn announcement. AltSignals empowers traders with ASI token staking, offering up to 25% rewards. Over 96% of ASI token supply staked, highlighting widespread adoption and confidence. Binance Coin (BNB) has witnessed an impressive surge of over 2.5% in the past 24 hours, outperforming many of its counterparts in the cryptocurrency market. This significant BNB price increase comes amidst a flurry of activity surrounding BNB and the ongoing staking of AltSignals’ ASI token. BNB price soars amid Binance’s burn announcement Binance Coin (BNB), the native token of the Binance cryptocurrency exchange, has experienced a remarkable surge in value, climbing to $381.4. The token price has surged by 2.48% in the past 24 hours adding to a 9.22% increase in the past week. BNB price chart   The recent price surge has solidified BNB’s position as the fourth-largest cryptocurrency...

After a tumultuous month in February, GOLD prices breached the $2,030 mark on Thursday rising by 5 points in 24 hours. The XAU/USD charts remained on the back foot showing little to no price spurts in the indices. Gold’s rise comes at a time when the US dollar index (DXY) saw a slump this week. The US dollar index stood tall at 104.80 but dipped to 103.70. While GOLD is benefiting, the US dollar and the broader commodity markets, including oil prices are taking a hit. Also Read: Warren Buffett Invests Nearly 50% of His Portfolio in Only 1 Stock Source: MarketWatch Why Are Gold Prices Rising? Source: Dailyfx.com Gold prices inched forward today as investors await the Fed minutes meeting. The Fed meeting influences the US dollar prices as markets believe the Federal Reserve will pause interest rate hikes. Predictions are doing the rounds that the Feds will not initiate rate cuts in March but might do it in June or July. Commodity traders are speculating that the Feds might ...

The XRP price plunged by 5.45% in the last 24 hours to trade at $0.54 as of 8:35 a.m. EST on trading volume that climbed more than 4% to $1.54 billion. The fall came as Ripple CEO Brad Garlinghouse told Bloomberg that ”it simply makes sense” to introduce an XRP ETF (exchange-traded fund), and that it is inevitable that there will be additional ETFs following the approval last month of spot Bitcoin ETFs.   🚨 BREAKING: RIPPLE & BLACKROCK CREATING $XRP ETF !?! CEO DROPS A BOMBSHELL ON BLOOMBERG CRYPTO🚨📈 Ripple CEO, Brad Garlinghouse, hints at a game-changing connection between BlackRock and Ripple launching an XRP ETF in the USA 🇺🇸 … Stating: “I think it makes sense for the… pic.twitter.com/MyC6R2Ld78 — Good Morning Crypto (@3TGMCrypto) February 20, 2024 XRP Price Signals A Bullish Trend Reversal Forming A Falling Wedge Pattern XRPUSD Analysis by Tradingview The XRP is encountering a si...

Victoria, Seychelles, February 21st, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, is excited to announce the listing of Autonolas (OLAS) token on its cutting-edge trading platform. Autonolas is a network of off-chain services that revolutionizes the integration of crypto and AI, offering a unified platform for automation, oracles, and co-owned AI. Launched in 2022, Autonolas provides a composable stack for building these services and a protocol for incentivizing their creation. What sets Autonolas apart is its unique approach to enabling the operation of these services in a co-owned and decentralized manner, offering a decentralized autonomous organization (DAO) governance delegate called Governatooorr, powered by AI technology. “We are thrilled to welcome Autonolas (OLAS) token to Bitget’s trading platform,” said Gracy Chen, Managing Director of Bitget. “Autonolas represents an innovative pr...

An object of immense intrigue from the digital asset market this year has been Ripple, and with its recent developments, XRP has recently been projected to hit the $2 mark during a 2024 bull run. Such an ascension would represent a massive increase, as the asset is currently trading at $0.55 according to CoinMarketCap. However, there is still an abundance of potential regarding where XRP could ascend in the coming months. Subsequently, one crypto analyst predicted that the asset could be nearing impressive heights. Specifically, reaching the $2 level soon. Let’s delve into this prediction and what it could mean. Also Read: Ripple (XRP) Faces Resistance at $0.60, But Analysts Expect 20% Surge Ripple XRP to Surge During Upcoming Bull Run? Heading into this year, there is no denying how popular Ripple XRP was as an investment option. Indeed, the asset was nearing the end of its year-long lawsuit with the US Securities and Exchange Commission (SEC). Therefore, it was set ...

A new Crypto project claims to have taken its own developer hostage and is threatening to kill him unless the currency’s market cap reaches $1 million. Solana token ‘Hostage Dev’ is being promoted on X (formerly Twitter) using a live stream purporting to show a hostage that the team has kidnapped. The ‘ hostage ’ can be seen bound and bagged in a nondescript room holding a cardboard placard that reads, “Please, let’s go to 1milly mcap or else I’m dead.” Other tweets from the Hostage Dev X account read “Guess who’s not going to sleep today? #HOSTAGE,” and “Dev completely knocked out on the stream? We don’t care.” “Please, let’s go to 1milly mcap or else I’m dead.” The look of the Hostage Dev website is based on so-called ‘Wojack’ memes and traditional ‘cut-out’ ransom notes, and reads “ We have your developer! If you want us to free him you need to pump chart to 1,000,000 marketcap .” The Hostage Dev token currently h...

The UK is aiming to approve new stablecoin and staking regulations within the next six months. This follows the HMT’s October pledge to provide a clearer set of crypto regulations. Bim Afolami, Economic Secretary to the HMT, has not planned a timeline for the next phase of crypto regulations in the nation. The UK government aims to fast-track the approval of new regulations governing stablecoins and s taking services for crypto assets within the next six months.  During an event hosted by renowned exchange Coinbase in London, Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, expressed the government’s urgency to deliver these regulations swiftly, stating, “We’re very clear that we want to get these things done as soon as possible. And I think over the next six months, those things are doable.” This push for legislation follows the HMT’s October 2023 pledge to provide more clarity on specific areas of the crypto ...

  In the ever-evolving system of cryptocurrency, innovation remains at the forefront. Immutable pioneers zk-rollups for NFTs, aiming to revolutionize Ethereum with transaction speeds exceeding 9,000 tps. Flare enhances DApps with unique interoperability protocols, while Worldcoin seeks to establish a global identity and financial network. Fantom addresses DeFi challenges with its DAG smart contract platform. These top gainers epitomize technological advancement and hold promise for significant growth. Immutable (IMX), with a notable spike of 19.63%, is currently priced at $3.36, boasting a market capitalization of $4.55 billion. Flare (FLR), with an increase of 9.56%, holds a value of $0.035779. Worldcoin (WLD) is priced at $6.31 with a market capitalization of $673 million. Fantom (FTM) stands at $0.439110, with a 24-hours price increase of 10.04%. Also, Scotty The AI emerges with diverse utility Features , a rapidly growing presale, and a growing attention from investors. Big...

A notable crypto whale, renowned for their astute investment decisions and substantial profits in meme coins associated with Solana (SOL), has made headlines with a significant purchase in a promising competitor coin, Retik Finance, priced attractively at $0.12. This move has ignited discussions within the crypto community, prompting investors to scrutinize the potential of Retik Finance and its prospects in the competitive market. Retik Finance, a relatively new entrant in the cryptocurrency space, has garnered attention for its innovative approach to decentralized finance (DeFi) and its ambitious goals of revolutionizing global transactions. Priced affordably at just $0.12 per token, Retik Finance presents an enticing opportunity for investors seeking potential high returns on their investments. The recent acquisition by the crypto whale, known for their shrewd investment strategies, suggests a bullish outlook on the future performance of Retik Finance and underscores the growing i...

The Ethereum network underwent a dramatic transition from the proof-of-work mining model to the proof-of-stake model on September 15, 2022. With an astounding 99.95% decrease in energy use, this much-anticipated change has ushered in a new era of sustainability and environmental friendliness in the blockchain sector. Ethereum has displayed notable growth recently. It is trading at $2,819 at press time, with a 15% surge in value over the last seven days. ETH is up by 67% year-to-year. Let us look at the price prediction for Ethereum for February-end. Also read: Ripple: Investing $1,000 in XRP Could Make You a Millionaire, Here’s How Source: CoinGecko Ethereum price prediction for February-end Cryptocurrency experts at Changelly have predicted the price of ETH for the end of February. According to the analysts, ETH is forecast to reach a minimum of $2,880 and a maximum of $2,960. The average price of Ethereum is expected to be $2,930. However, the predictions...

Ripple ’s XRP has been attracting widespread attention from investors and enthusiasts alike due to its recent surge. As Bitcoin surged past resistance levels to hit $52,500, altcoins like XRP also saw significant gains, reaching a peak of $0.5590. This upward movement in altcoin prices coincided with Bitcoin’s bullish momentum, signaling a broader market recovery. Source Within just 24 hours, XRP’s market capitalization skyrocketed from $28.66 billion to $29.66 billion, marking an impressive addition of $1.18 billion and a growth rate of 4.12%. This surge underscores the revived interest and confidence in XRP among investors. Looking ahead, investors and analysts are eager to forecast XRP’s trajectory for the remainder of 2024. Utilizing historical price data and market trends, Changelly, a leading cryptocurrency exchange platform, has offered insights into the potential price movements of XRP for February 2024. Also Read: Ripple XRP: How To Be a Mi...

The Serenity Shield price soared 15% in the last 24 hours to trade for $0.9150 as of 3:50 a.m. EST time, with trading volume rising 25%. With this surge, SERSH has secured a place on CoinMarketCap’s most-viewed list, with millions of members joining the ecosystem. After securing the top spot on @CoinMarketCap's most viewed list, @SerenityShield_ is now making waves on @CryptoMoonShots @Reddit with 1.9M members!🤯 Anticipating this exposure to significantly raise awareness for the project & $SERSH 🔥 Check it out: https://t.co/vA7vD78XmZ pic.twitter.com/zIxHZO0PGd — Serenity Shield (@SerenityShield_) February 15, 2024 The surge saw the Serenity Shield price shatter the upper boundary of the ascending parallel channel. It also broke above the upper band of the Bollinger indicator at $0.8510. In most instances, this signals an imminent pullback. The outlook of the Relative Strength Index (RSI), whose position at 72 shows that SERSH is already overbou...

Finding tokens with significant growth potential is still a top concern for investors in the constantly changing world of cryptocurrency investing. In this research, we examine three tokens with a market value of less than $0.3 that have the potential to easily reach $3 by 2024. Every token offers a different chance for exponential gains, from Retik Finance's creative DeFi solutions to Dogecoin's ongoing meme popularity and Shiba Inu's quick ascent in the meme coin market. Investors may profit from these tokens' potential for rapid development by navigating the unstable cryptocurrency ecosystem with caution and strategic forethought. Retik Finance (RETIK): A Path to $3 with 3000% Profit Among the myriad cryptocurrencies emerging in the decentralised finance (DeFi) space, Retik Finance stands out as a promising contender poised for significant growth. With its innovative approach to bridging the gap between crypto and fiat currencies, Retik Finance has positioned i...

Southern Water, one of the largest water firms in the UK, says that up to 10% of its customers’ data may have been stolen in a large-scale hack last month by a group reportedly responsible for $100 million in bitcoin ransoms.  The firm, which is responsible for supplying water to at least seven million customer s, was reportedly Hack ed by ransom ware collective Black Basta around January 22. The hackers claimed to have stolen 750 gigabytes of sensitive data, including passports, driving licenses, employee information, and corporate documents. The water provider confirmed at the time of the hack that a sample of stolen data had been published, but added that “there is no evidence that our customer relationships or financial systems have been affected.” It also flagged the issue to the UK government and regulators. However, in today’s update, the firm confirmed that between five and 10% of its more than seven million customer s, along with a number of its current and former employe...