April 2024 – Page 28 – Coins Cap News
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FTX Co-Founder Sam Bankman-Fried Appeals 25-Year Conviction And Makes Unusual Request

Sam Bankman Fried

In a dramatic turn of events, Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. The judgment was handed down by US District Judge Lewis Kaplan during a hearing in a Lower Manhattan federal courtroom on March 28.  Bankman-Fried, who had publicly announced…

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Trading Guru Uncovers This Notable Pattern On Solana: What’s Next For SOL Investors?

Solana

Trader and market analyst Peter Brandt has provided valuable perspectives on the recent price movement of Solana (SOL), suggesting the completion of a notable chart pattern. In particular, Brandt has noted a descending triangle pattern forming on Solana’s 4-hour price chart. Identified Chart Pattern On SOL And Its Implications The descending triangle pattern identified by…

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DAI Circulation Approaches 5 Billion As MakerDAO Unleashes Key Updates

Maker Mkr

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has implemented significant updates to the protocol and the DAI stablecoin.  Introducing the Accelerated…

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Crypto Analyst Predicts Shiba Inu Price Will Reach $0.0001 If This Happens

Shiba Inu

A crypto analyst has raised the possibility of Shiba Inu (SHIB) rising to as high as $0.0001. As part of his analysis, he highlighted certain factors that could contribute to the meme coin experiencing this parabolic price surge.  Shiba Inu To Rise To $0.0001 If History Repeats Itself Crypto analyst Bunchhieng suggested in his analysis…

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Analyst Predicts Solana (SOL) Bounce Amid Network Congestion Problems

Solana

Solana (SOL) faced difficulties the past week after the network’s transaction failure rate reached over 75%. Since then, Solana’s core contributors have been working to find the congestion problems. SOL’s price tumbled 7.8%, and users seemed worried about the network’s state. Despite this, some analysts predict a more optimistic performance for SOL soon. Is Solana…

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Bitcoin Mining Difficulty Hits Record High In Anticipation Of Halving Event – Here’s Why It Matters

Bitcoin News

The Bitcoin network mining difficulty has surged nearly 4% to hit an all-time high just a few days before the highly anticipated Halving event. This adjustment, recorded at 86.4 trillion, marks a crucial milestone in the cryptocurrency’s history. Decrypting Bitcoin’s Mining Complexity Notably, Bitcoin mining difficulty measures miners’ complexity in solving mathematical puzzles to validate…

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XRP Sees An Alarming 1,800% Surge In Liquidations, Whats Going On?

Xrp

XRP has witnessed an alarming amount of liquidations in the last 24 hours. This has no doubt caused concerns in the XRP community, considering the impact that the derivatives market has on a crypto’s price.  $1.32 Million XRP Positions Get Liquidated  Data from Coinglass shows that $1.32 million has been liquidated from the XRP market…

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Bitcoin “Looks Healthy” After 2 Months, Backs BTC To Rally Above $74,000

Bitcoin News

Bitcoin, one analyst notes on X, is looking healthy for the first time since the coin soared to over $70,000, printing all-time highs back in March 2024. The assessment is due to funding rates dropping to within ordinary levels, an indicator that volatility is also falling and moments of fear of missing out (FOMO) are fading. …

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