247 Cryptocurrency News

Gold’s Disparity to Beat Bitcoin is Regaining Fuel – Bloomberg’s Mike McGlone | Coingape

Mike McGlone, Bloomberg Intelligence’s Senior Commodity Strategist claims that the recent trend in which the price of gold has been increasing relative to the price of Bitcoin is significant and could continue for some time. He stated that the Bitcoin rollover risks lean toward deflation. According to Bloomberg data, the price of gold was up The post Gold’s Disparity to Beat Bitcoin is Regaining Fuel – Bloomberg’s Mike McGlone appeared first on CoinGape.

Dormant Whale Address Suddenly Reawakens, Here are its First Buys | Coingape

The current events in the digital currency ecosystem has been forcing a number of market whales to break their dormancy in order to get in on the action. According to new on-chain insights from crypto analytics platform, Lookonchain, an address that has been dormant for about 12 months has suddenly reawakened. The first action carried The post Dormant Whale Address Suddenly Reawakens, Here are its First Buys appeared first on CoinGape.

Elon Musk’s Successor to Build Twitter 2.0, Will Dogecoin Gain Recognition? | Coingape

Twitter, the micro-messaging social media platform was set ablaze over the course of the past week as current Chief Executive Officer (CEO), Elon Musk hinted that he has found a new successor for the top job in the company. Shortly after the first hint, Elon Musk confirmed all rumors that Linda Yaccarino will be taking The post Elon Musk’s Successor to Build Twitter 2.0, Will Dogecoin Gain Recognition? appeared first on CoinGape.

Former Ripple Exec Says Ripple Could Burn its XRP Holdings, Here’s Why | Coingape

The Ripple Labs and XRP community have started debating more crucial events that may succeed the court ruling on the legal battle between the payments company and the US Securities and Exchange Commission (SEC). The conversation that ensued on crypto Twitter recently was focused on what will happen to the XRP currencies that are being The post Former Ripple Exec Says Ripple Could Burn its XRP Holdings, Here’s Why appeared first on CoinGape.

Protecting Bitcoin Mining, Self Custody is Paramount – Messari CEO | Coingape

Ryan Selkis, the Chief Executive Officer (CEO) of blockchain market intelligence provider Messari declared in his 11-thread tweet that self custody amongst other factors, is crucial to protecting Bitcoin (BTC) mining. To put it in perspective, Selkis stated that,  “Bitcoin is 50% of the non-stablecoin market. Protecting bitcoin mining, self-custody, development, and surrounding infrastructure is The post Protecting Bitcoin Mining, Self Custody is Paramount – Messari CEO appeared first on CoinGa

Over 1 Billion Hedera Tokens Set To Unlock On June 1, Major HBAR Price Drop Ahead? | Coingape

HBAR Crypto News: According to information obtained, it’s estimated that roughly $1.2 billion of HBAR tokens — worth $65 million — are scheduled to be released beginning June 1. This comes after 95 million HBARs were released on Saturday, which brought the total amount of released tokens to 62.68%. 2.54 % Of Supply To Be The post Over 1 Billion Hedera Tokens Set To Unlock On June 1, Major HBAR Price Drop Ahead? appeared first on CoinGape.

LUNC News: Binance May Support Terra Classic Increasing Burn Tax To 0.5% | Coingape

After denying many proposals related to raising LUNC burn and burn tax, the Terra Luna Classic community finally decided to increase the LUNC burn tax. The move came as LUNC price fell below $0.000010 last week, reaching levels of last May when TerraUSD (UST) and LUNA prices collapsed drastically. Meanwhile, some Terra Classic influencers have The post LUNC News: Binance May Support Terra Classic Increasing Burn Tax To 0.5% appeared first on CoinGape.

Cardano’s Technical Director Denies Rumor Of 1 Million TPS, Here’s The Truth | Coingape

Crypto News: On Thursday, a scaling solution to make transactions on the Cardano blockchain faster — dubbed Hydra Head — went live on the mainnet. This led to a rekindling of optimism in the Cardano community with some claiming it to process 1 million transactions per second (TPS). Cardano Dev Busts 1 Million TPS Myth The post Cardano’s Technical Director Denies Rumor Of 1 Million TPS, Here’s The Truth appeared first on CoinGape.

Crypto Exchange Listing FLOKI, PEPE, and BONE | Coingape

Unocoin, one of the leading cryptocurrency exchanges in India, has recently listed two of the most talked-about meme coins in the crypto community – FLOKI and PEPE. Now, Twitter polls suggest BONE is next to be listed on Unocoin’s platform. Unocoin Lists FLOKI and PEPE Unocoin has been a popular crypto platform for buying, selling, The post Crypto Exchange Listing FLOKI, PEPE, and BONE appeared first on CoinGape.

Terra Classic Proceeds For Major Upgrade, Popular Dev “Zaradar” Doubts Its Success | Coingape

The Proposal for v2.0.1 Upgrade submitted by Terra Classic core developer Joint L1 Task Force (L1TF) has passed the threshold limit. This is a major upgrade on the LUNC blockchain, along with Cosmwasm v1.1.0 upgrade (parity) on May 31 to allow projects and builders across Cosmos and Terra (LUNA) to build on the Terra Classic chain. However, former core The post Terra Classic Proceeds For Major Upgrade, Popular Dev “Zaradar” Doubts Its Success appeared first on CoinGape.

Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell | Coingape

Bitcoin price briefly fell below $26096, the key 200-WMA level, at 7 PM UTC on Friday. The BTC price quickly rebounded and hit a 24-hour high of $26,989. However, on-chain data indicates a bearish outlook on BTC price and it’s probably time to book some profits. Bitcoin Price Reaches Late 2021 Level On-chain metric Puell The post Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell appeared first on CoinGape.

Shiba Inu (SHIB) Burn Falls 70% This Week, Here’s Why | Coingape

The Shiba Inu (SHIB) community has been on edge lately as the token burn rate has dropped by a staggering 70% in the past week. This sudden decline in burn rate has left many investors wondering what caused it, and whether or not it is related to the recent surge in Ethereum gas fees. SHIB The post Shiba Inu (SHIB) Burn Falls 70% This Week, Here’s Why appeared first on CoinGape.

Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell | Coingape

Bitcoin price briefly fell below $26096, the key 200-WMA level, at 7 PM UTC on Friday. The BTC price quickly rebounded and hit a 24-hour high of $26,989. However, on-chain data indicates a bearish outlook on BTC price and it’s probably time to book some profits. Bitcoin Price Reaches Late 2021 Level On-chain metric Puell The post Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell appeared first on CoinGape.

Shiba Inu (SHIB) Burn Falls 70% This Week, Here’s Why | Coingape

The Shiba Inu (SHIB) community has been on edge lately as the token burn rate has dropped by a staggering 70% in the past week. This sudden decline in burn rate has left many investors wondering what caused it, and whether or not it is related to the recent surge in Ethereum gas fees. SHIB The post Shiba Inu (SHIB) Burn Falls 70% This Week, Here’s Why appeared first on CoinGape.

Pepe Coin Shorters Losses Hit Millions Amid Fresh PEPE Rally | Coingape

Pepe Coin News: The new sensation in the meme coin category, Pepe Coin Price registered a massive recovery rally on Saturday over a Elon Musk Tweet. However, PEPE price saw a major downturn over the past 7 days, declining by 38%. Meanwhile, traders who were betting against the new trending meme coin recorded massive losses The post Pepe Coin Shorters Losses Hit Millions Amid Fresh PEPE Rally appeared first on CoinGape.

Breaking: Elon Musk Joins PEPE Coin Frenzy | Coingape

Crypto Market News: Just when the crypto market has been speculating about whether the ongoing memecoin season has peaked, billionaire Elon Musk joined the party with an indirect mention of Pepe Coin in a meme. This came hours after Musk shared the news of Linda Yaccarino taking charge as the new Twitter CEO. Earlier, CoinGape The post Breaking: Elon Musk Joins PEPE Coin Frenzy appeared first on CoinGape.

Pepe Coin Shorters Losses Hit Millions Amid Fresh PEPE Rally | Coingape

Pepe Coin News: The new sensation in the meme coin category, Pepe Coin Price registered a massive recovery rally on Saturday over a Elon Musk Tweet. However, PEPE price saw a major downturn over the past 7 days, declining by 38%. Meanwhile, traders who were betting against the new trending meme coin recorded massive losses The post Pepe Coin Shorters Losses Hit Millions Amid Fresh PEPE Rally appeared first on CoinGape.

Bitcoin-Ether Correlation Dips Below 80% For First Time In 2 Years, What It Means? | Coingape

Crypto News: A substantial change in the relationship between the world’s two largest cryptocurrencies was recently observed as the correlation between the prices of Bitcoin and Ether dropped below 80% for the first time since November 2021. In simpler words, the declining correlation between BTC and ETH prices indicates that both digital assets are no The post Bitcoin-Ether Correlation Dips Below 80% For First Time In 2 Years, What It Means? appeared first on CoinGape.

Breaking: Elon Musk Joins PEPE Coin Frenzy | Coingape

Crypto Market News: Just when the crypto market has been speculating about whether the ongoing memecoin season has peaked, billionaire Elon Musk joined the party with an indirect mention of Pepe Coin in a meme. This came hours after Musk shared the news of Linda Yaccarino taking charge as the new Twitter CEO. Earlier, CoinGape The post Breaking: Elon Musk Joins PEPE Coin Frenzy appeared first on CoinGape.

Bitcoin-Ether Correlation Dips Below 80% For First Time In 2 Years, What It Means? | Coingape

Crypto News: A substantial change in the relationship between the world’s two largest cryptocurrencies was recently observed as the correlation between the prices of Bitcoin and Ether dropped below 80% for the first time since November 2021. In simpler words, the declining correlation between BTC and ETH prices indicates that both digital assets are no The post Bitcoin-Ether Correlation Dips Below 80% For First Time In 2 Years, What It Means? appeared first on CoinGape.