Crypto Casino Platform Coco (Ethereum) Saw Massive Growth Over $36 Million Transactions within just 12 hours

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July 30, 2023

Crypto Daily News: Optimism (OP) Soars 6% Daily, Bitcoin(BTC) Boring at $29K

Bitcoin’s price movements continue to be highly uneventful as the asset continues to remain above $29,000.

Most altcoins have mimicked BTC’s performance, aside from DOGE, SHIB, UNI, and OP, all of which have jumped by more than 3% daily.

BTC Boring at $29K

It was a week ago when the primary cryptocurrency tried its hand at taking down $30,300. But it failed in its tracks, and the subsequent rejection pushed it south hard. In about a day, the asset had lost more than a grand and fell to a monthly low of just under $29,000.

Nevertheless, bitcoin managed to bounce off and reclaim that level. What followed was almost a week of sideways price action, which saw BTC standing between $29,000 and $29,700. The latter came a day after the US Federal Reserve raised the interest rates by 25bps, has led to enhanced volatility in the past, but not this time.

The past 48 hours have been particularly boring as BTC has stalled somewhere between $29,300 and $29,400. This means that its market capitalization has remained inches below $570 billion, but its dominance over the altcoins has suffered in the past week. The metric is down by more than 0.5% within that timeframe to 48.1% now.

SHIB on a Roll

Upon news about the launch of the beta version of the project’s Shibarium, the largest native token – SHIB – began to rapidly increase in value, adding 5% yesterday and another 4.5% today. As such, the second-largest meme coin now stands above $0.0000085.

Speaking of meme coins, the OG is also well in the green today, having surged by more than 3%. DOGE is up by 11% weekly following the recent Elon Musk engagements and trades at $0.08.

Uniswap and Litecoin are the other notable gainers from the larger-cap alts, being up by 5.5% and 4%, respectively.

Optimism has jumped the most from the top 100 alts. OP is up by just over 6% now, which has pushed it to $1.6.

The cumulatively market cap of all crypto assets, though, has remained relatively stagnant as well at just over $1.180 trillion on CMC.

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Worldcoin: The Newest Cryptocurrency

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July 30, 2023

Worldcoin (WLD) is a new cryptocurrency with artificial intelligence and biometrics ties.

The highly anticipated cryptocurrency project Worldcoin (WLD) just launched on July 24, but the crypto project has already divided investors and regulators with its controversial goals.

Worldcoin was co-founded by Sam Altman, the CEO of ChatGPT maker OpenAI. The Worldcoin project and its cryptocurrency token WLD are intended to be a solution for some of the problems associated with artificial intelligence chatbots.

What Is Worldcoin (WLD)?

Worldcoin is a digital identification platform intended to provide a convenient way for a person to verify that online text, videos or any other types of content came from a real human being rather than generative AI software. Worldcoin was built by a company called Tools for Humanity, which was co-founded by ChatGPT creator Altman.

Worldcoin seeks to leverage the same cryptographic blockchain technology that keeps networks like Bitcoin (BTC) and Ethereum (ETH) secure and tamper-proof.

The Worldcoin project consists of the World ID digital passport, the World App crypto wallet and the WLD cryptocurrency token. Worldcoin uses an iris-scanning biometric imaging device called an Orb to scan users’ iris patterns in their eyes and create a World ID identification code called an “IrisCode.” Iris patterns are unique to each person, much like fingerprints. Worldcoin claims it deletes each iris image it uses, and the system does not rely on subsequent eyeball scans to verify identity.

The World App stores a user’s credentials and can be used to verify identity on third-party apps. It also serves as a crypto wallet that can hold WLD tokens, as well as bitcoin and ethereum.

WLD tokens are the native cryptocurrency of Worldcoin. Roughly 2 million users who participated in the Worldcoin beta program each received 25 WLD tokens. There are currently more than 110 million WLD tokens in circulation, and the Worldcoin white paper suggests a total of 10 billion total tokens will be issued over a 15-year period, at which point the WLD supply will be capped.

Is Worldcoin Safe?

The cryptocurrency market in general has its fair share of skeptics. But Worldcoin’s approach to biometrics, its unavailability in the U.S. and its lack of clarity about token distribution has made it a particularly controversial topic.

How to Buy Worldcoin?

Users who sign up in certain countries will receive WLD tokens as a reward. Unfortunately, U.S. citizens are not allowed to use, purchase or access WLD tokens at this time, according to the Worldcoin terms of service.

WLD token began trading on major crypto exchanges Binance, Bybit, Huobi, OKX, Gate.io and KuCoin on Monday, July 24. After starting at $1.70 and going as high as $3.58 on its first day of trading, WLD was last trading at around $2.15 as this story went to press.

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Weekend Watch: SHIB’ Massive Trading, BTC Keeps Still Above $29K

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July 29, 2023

SHIB' Massive Trading, BTC Keeps Still Above $29K

SHIB Pumps 5%

Shiba Inu has increased the most from the larger-cap alts following the release of the Shibarium beta version. Quant follows suit from the top 36, with a 7.5% daily surge.

Ethereum and XRP have added less than 0.5% on a daily scale and trade above $1,870 and $0.7, respectively. Dogecoin and Solana have jumped by just over 1% to $0.078 and $25. Tron, MATIC, and Polkadot are also slightly in the green, while BNB, ADA, and LTC have charted insignificant losses.

The total crypto market cap has remained relatively still at just over $1.180 trillion.

BTC Stalls Above $29K

It’s safe to say that there have been more exciting times in the crypto ecosystem when it comes down to price performances. Bitcoin started the week with a nosedive that drove it from over $30,000 to a monthly low of just under $29,000.

The bulls intervened at this point and pushed the asset to just above that line. The next several days saw little-to-no movements, and even the US Fed’s interest rate hike on Wednesday failed to deliver enhanced volatility as they did in the past.

Aside from a few hundred dollar pumps and dumps, BTC spent the whole business week in a tight range between $29,000 and $29,500. Its market capitalization has remained below $570 billion, but its dominance over the altcoins has taken another slight hit and is down to 48.1% on CMC.

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Gloomy week for PEPE(13% Down), Bitcoin on $29K

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July 28, 2023

PEPE Down Hard Weekly

Most altcoins are also slightly in the red on a daily scale. Ethereum, Ripple, and Binance Coin have also declined by up to 1% to $1,860, $0.7, and $240, respectively. Cardano and Litecoin have seen similar drops.

Dogecoin and Polygon have retraced the most from the larger-cap alts, as both assets are down by around 3%. SOL, DOT, BCH, and SHIB are also in the red now.

ICP is among the few exceptions on a daily scale, posting a 3% increase that has pushed it to $4.25.

The landscape is quite painful on a weekly scale as well. PEPE, GALA, INJ, and MNT have all dumped by somewhere between 10-15%.

The total crypto market cap has also lost some steam and struggles at $1.180 trillion on CMC.

BTC Struggles at $29K

Bitcoin remained relatively calm after the US Fed’s latest interest rate hike, but the past 24 hours brought a minor retracement that pushed the asset back down to just over $29,000.

Most altcoins have also lost some steam today, with DOGE and MATIC losing the most value from the larger caps.

Bitcoin’s week started on a negative tone as the asset failed during its Sunday conquest at $30,300. The subsequent rejection pushed it south hard, and BTC found itself dumping to a monthly low at under $29,000 on Monday.

The bulls managed to intervene at this point and didn’t allow any further declines. They pushed the cryptocurrency to just over $29,000 as the community prepared for the next US FOMC meeting scheduled for Wednesday.

As many anticipated, the US Federal Reserve increased the key interest rates by 25 bps. Unlike previous such developments, this one had little-to-no effect on BTC right off the bat. It was hours later when the asset added a few hundred dollars but was stopped from challenging $30,000.

The past 24 hours brought some more pain for the bulls as the cryptocurrency fell back down to just over $29,000, where it currently stands. Its market cap has fallen to $565 billion while its dominance over the alts stands still at 48.2% on CMC.

XEN Price Today

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July 28, 2023

The live XEN Crypto price today is $9.44e-7 USD with a 24-hour trading volume of $1,541,397 USD. XEN Crypto is down 0.15% in the last 24 hours. The current CoinMarketCap ranking is #2235.

What is XEN Crypto

XEN Crypto is a social mining project. The XEN token is the native cryptocurrency of the XEN Crypto, focused on building a community of like-minded individuals. XEN uses the ERC20 token standard and a streamlined codebase to maintain transparency. Removing pre-minting, admin keys, and origin (OA) wallets ensures equitable treatment of all participants in the XEN ecosystem. Any users can mint XEN tokens on Ethereum using compatible wallets.

Also, XEN is categorized as a Proof-of-Participation (PoP) cryptocurrency and is different from Proof-of-Stake (PoS) or Proof-of-Work (PoW) tokens. Participants in the creation of XEN and hold their coins through self-custody have ownership rights.

After the Ethereum Merge, at one point, XEN used nearly 50% of Ethereum’s block size, dominating the burn leaderboard and causing a rise in ETH gas prices. Since it launched on October 8, XEN caused a decline in ETH supply for a period of time.

Who Are the Founders of XEN?

the Fair Crypto Foundation designed The XEN token and it launched in October 2022. Jack Levin, a former Google executive, is the creator of the XEN Crypto.

What Makes XEN Unique?

XEN provides users with similar functionality to an ERC20 token, allowing them to trade other cryptocurrencies and NFTs. In addition, users can connect to the Uniswap ecosystem to create liquidity pools and limit orders. XEN’s ultimate objective is to achieve maximum liquidity by promoting widespread adoption.

The tokenomics of XEN are due to the naturally sloping adoption curve, which follows a logarithmic pattern, making it difficult to mint more tokens as more participants join. Although XEN does not have a cap, the growing difficulty of generating additional tokens ensures that its tokenomics remain disinflationary.

Worldcoin Reaches All-Time High of $7.51, but Sideways Trading Prevails Between $2.00 and $2.80

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July 27, 2023

Worldcoin has reached an all-time high of $7.51 but has since dropped below $2.60 and is currently trading sideways between $2.00 and $2.80. The cryptocurrency is above the 50-day simple moving average but below the 21-day simple moving average. Resistance levels are at $3.00, $3.50, and $4.00, while support levels are at $2.00, $1.50and $1.00. The altcoin has recently experienced a short-lived gain and is now caught between the moving average lines. The WSM token presale is ongoing, and investors may be drawn in if the cryptocurrency market becomes oversold.

XRP holders bring class-action lawsuit against Ripple Labs, complicating SEC case

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April 29, 2023

Ripple Labs, the creator of the cryptocurrency XRP, is currently facing legal challenges from XRP holders who claim that XRP is a security. The Zakinov v. Ripple Labs lawsuit, which is a class-action brought by a faction of XRP holders, could potentially impact the outcome of the central SEC vs. Ripple case.

During a recent hearing on April 26, 2023, Nick Spear, a lawyer representing Zakinov, argued that approximately 75,000 XRP holders are allegedly “fake” and therefore irrelevant. He attempted to explain how damage calculations could be conducted despite this issue. District Judge Phyllis J. Hamilton expressed skepticism about the global class-action lawsuit, noting that there is no precedent for such a case.

Ripple’s defense strategy in the case involves presenting evidence of XRP holders who support them in the SEC case and arguing that a “class” is not a suitable solution because it would force 74 holders to “opt-out.” Ripple attorney Andrew Michaelson also argued that XRP buyers did not rely on Ripple, including those overseas. Additionally, he highlighted several uses of cryptocurrencies, such as cross-border payments, and agreed with the judge that use cases are essential. Furthermore, he emphasized that the plaintiffs made purchases on the secondary market, meaning there was no written contract between them and the defendant.

John Deaton, an Amicus Curiae in the Ripple vs. SEC case, voiced his concern that if the judge approves the certification for the Zakinov class-action lawsuit, the case may be challenged on appeal. Deaton also applied for amicus status in the Zakinov litigation but was not allowed to appear at oral argument.

Overall, Ripple’s legal challenges continue to mount as XRP holders turn against the company in court, further complicating the already intense dispute with the U.S. Securities and Exchange Commission. Both Ripple Labs and XRP holders are on edge as they await the crucial Summary Judgment in the protracted legal battle.

SafeMoon Cryptocurrency: Risks, Rewards, and What You Need to Know Before Investing

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April 24, 2023

SafeMoon is a cryptocurrency token that has garnered attention from celebrity endorsements and its tagline of “going to the moon.” However, there are some quirks to this token that make it more challenging to buy and potentially riskier than other leading cryptocurrencies.

One of the most distinctive features of SafeMoon is that it charges a 10% fee whenever you sell the token, which is meant to encourage long-term holding, discourage selling, and reward holders of the coin. Half of the fee goes to current token holders in a distribution called a “reflection,” while the other half goes into a liquidity pool that SafeMoon uses to maintain price stability.

SafeMoon does not have any other special use case besides being a store of value and doesn’t facilitate any automated contracts or decentralized applications like Ethereum. In December 2021, SafeMoon launched an updated version of the token called SafeMoon V2, which aims to consolidate the original version at a ratio of 1 to 1000 and significantly lower transaction costs. The new transaction fee for SafeMoon V2 is 2%, and 50% of the fee is distributed to current token holders.

Buying SafeMoon may be challenging, as the only way to pay for purchases of SafeMoon is with other cryptocurrencies, and it’s not currently listed on any exchanges that accept fiat currency, like dollars. SafeMoon’s proprietary SafeMoon Swap can be used to trade other crypto, like Binance Coin (BNB), for SafeMoon tokens, and a few other crypto exchanges support trading in SafeMoon.

However, SafeMoon is a risky investment because of high volatility, and if you decide to sell, you not only take your investment loss but also lose another 10% because of the selling fee. SafeMoon is also less liquid, and it takes more work to convert it into cash, as you need to convert it to BNB first. The fact that SafeMoon isn’t on major exchanges is a red flag, according to some experts.

Despite the risks, SafeMoon has the potential to go viral and increase in value, as its name suggests. Holding SafeMoon over the long term can also result in financial incentives through the reflections received whenever other people sell their tokens. However, before buying SafeMoon, it’s essential to have the nerves to accept short-term losses and ensure that whatever is invested is money that can be afford to lose.

Bitcoin’s Next Halving Event: Expectations, Challenges, and Potential Impact on the Market

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April 24, 2023