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Introduction Initial Coin Offerings (ICOs) and Token Sales have become increasingly popular in the world of cryptocurrency. They have proven to be a unique way for startups and established companies to raise funds for their projects. In simple terms, an ICO is a fundraising mechanism where a company creates and sells its cryptocurrency tokens to investors in exchange for other cryptocurrencies or fiat currency. This innovative concept has revolutionized the traditional fundraising process by enabling companies to raise funds without the need for traditional banks or venture capitalists. However, as with any investment opportunity, there are risks involved in investing in ICOs and token sales. Lack of regulation, market volatility, and competition risks are just a few examples. Therefore, it is essential to understand how ICOs and token sales work, the risks involved, and how to evaluate them properly. In this article, we will provide you with a comprehensive guide on ICOs and tok...

Apr 29, 2023 at 08:38 // Price Author Coin Idol This week, cryptocurrencies are struggling to recover from the previous decline, but selling pressure is still present at higher levels. Altcoins RNDR, INJ, EGLD, CRO, and CSPR are among the best performing cryptocurrencies. However, RNDR stands out because it broke through previous resistance. I will examine each of these cryptocurrencies. Render Token Render Token (RNDR) is getting more and more expensive. The value of the cryptocurrency is rising to new highs. The price of the altcoin had risen to a hig...

Bitcoin and select altcoins continue to face selling at higher levels, a sign that the bears have not yet given up. The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp rally in 2023, some traders seem to be planning to book profits. Coinglass reported that the Bitcoin balance held at Binance soared by 50,000 Bitcoin in the past 30 days. While this could add to short-term pressure, bulls can take solace because the increase is not identical across exchanges. Coinglass said that the aggregate increase of Bitcoin balance across exchanges was 14,000 Bitcoin. Daily cryptocurrency market performance. Source: Coin360 The next major event for the market is likely to be the U.S. Federal Reserve’s meeting on...

A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve the projected $2,500 target, its value would need to rise by more than 26% against the U.S. dollar. ‘Non-Commercial Purchases Do Not Need to Increase Materially to Justify Gold Hitting $2,500,’ Says BOFA Commodity Strategist In 2023 thus far, gold has demonstrated admirable performance, with its price soaring by over 19% in the span of six months. The past 30 days, in particular, have seen a noteworthy 1.33% spike in the price of this treasured metal. Furthermore, a recently-released memo from a BOFA commodity strategist opines that, to realize the envisioned $2,500 per ounce milestone, gold need not scale much further in value. “Bottom line: non-commercial purchases do not need to increase...

Join Our Telegram channel to stay up to date on breaking news coverage Ripple (XRP) price has displayed a rather volatile price action since late March. This came amid the woes about its case against the United States Securities and Exchange Commission (SEC). On April 19, the remittance token made a decisive move southward, dropping 15% to find a base around $0.449, psychological support offered by an uptrend line. As bearish sentiment around XRP continued, the altcoin slumped below the ascending trendline to record an intra-day low of $0.432 on April 26. However, the altcoin found new strength after pro-Ripple attorney John E. Deaton informed the altcoin holders of a class action lawsuit hearing. Ripple Labs Class Action:  Zakinov v. Ripple A new hearing in the class action case against Ripple Labs christened Zakinov v. Ripple, occurred on April 26 at 1:30 p.m. PT (4:30 p.m. ET) in a federal court in California. The hearing focused on oral arguments concerning the ...

Join Our Telegram channel to stay up to date on breaking news coverage Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) , an Austrian cooperative banking company founded in 1900, announced its collaboration with the Austrian crypto firm Bitpanda to launch crypto investment services.  A huge step forwards for crypto adoption in the European Union: Raiffeisenlandesbank has chosen to partner with Bitpanda to examine offering digital assets through Bitpanda Technology Solutions. pic.twitter.com/mPB8O2uR9E — Bitpanda (@Bitpanda_global) April 26, 2023 RLB NÖ-Wien plans to use Bitpanda’s software as a service (SaaS) offering to provide its customers with a wide range of cryptocurrencies alongside investment services for stocks, exchange-traded funds, precious metals, and commodities. Michael Höllerer, CEO of RLB NÖ-Wien, stated that the partnership with Bitpanda aims to expand the company’s product range with an innovative and...

Ted Cruz Ultra Bullish On Bitcoin The Texas Republican commented that the comparison between Bitcoin and digital gold was compelling, and he was adamant in his belief that Bitcoin is “the alpha in the crypto sphere.” Moreover, he mentioned that he has a standing order to buy more Bitcoin next Monday morning and is willing to tolerate the volatility that comes with a long-term investment in risk-assets like cryptocurrencies. advertisement Read More: First Republic Bank Crisis Deepens As US Govt. Refuses Intervention Furthermore, he remains confident of the 21-million Bitcoin cap that was hard-coded into the digital currency during its creation. Addressing the panel, Cruz noted that he sees this number as a hedge against inflation, especially when U.S. politicians have been printing money at an alarming rate, coupled with Federal Reserve’s incessant rate hikes. The 52-year-old Republican was quoted as saying: Trending...

First Republic Bank saw its trading halted Wednesday after the stock market opened. Subsequently, volatility was cited as the reason for the stoppage, as prices on the bank’s stock reached 52-week lows.  The trading halt occurred following reports of a potential US government seizure of the bank. Additionally, First Republic Bank had its trading halted yesterday for the same reason, as the price is down 94% on the year.  JUST IN: First Republic Bank $FRC stock trading halted, citing volatility, after sinking another 18% today. pic.twitter.com/VerYfEf24V — Watcher.Guru (@WatcherGuru) April 26, 2023 First Republic Troubles Continue In the midst of a developing crisis, First Republic Bank has seen its trading halted due to volatility for the second consecutive day. Moreover, the prices of the financial institution plummeted to start trading on Wednesday as the banks continued exploring salvational measures.  The bank’s price had seen a fall of more than 23%, foll...

The blockchain intelligence firm Santiment tweeted yesterday evening that the crypto market showed signs of life shortly after the US stock markets winded down. The tweet added that the crypto market leader Bitcoin (BTC) had also made a move towards $28.5k and the altcoin leader Ethereum (ETH) climbed towards $1,900. The crypto markets have historically had a close correlation with the S&P 500 – echoing the movements of the index. However, Santiment’s recent tweet suggested that the crypto market may be in the early stages of breaking its correlation with the S&P 500. At press time, CoinMarketCap shows that the global crypto market has risen 2.75% over the last 24 hours – taking the total to approximately $1.18 trillion. Furthermore, the prices of BTC and ETH have risen over the last 24 hours as well. Currently, BTC is trading at $28,382.50 following a 3.41% increase in the past day. Meanwhile, ETH’s price stands at $1,868.73 after it climbed over 2% ...

Join Our Telegram channel to stay up to date on breaking news coverage America’s largest cryptocurrency exchange, Coinbase, recently made a move against the US SEC. According to the company’s Chief Legal Officer, Paul Grewal, Coinbase had filed a “narrow action” in federal court. The firm’s intention is to compel the US securities watchdog to make an official response to Coinbase’s rulemaking petition, which the SEC seemingly ignored for nearly a year. BREAKING: Coinbase has filed a lawsuit against the SEC in an effort to push the regulatory body to provide clarity on digital asset regulations. — whalechart (@WhaleChart) April 25, 2023 Coinbase is forcing the SEC to respond The petition was filed in July 2022, requesting that the regulator provides guidance for the crypto industry, which is long overdue. While many other countries managed to establish some level of crypto clarity, the US did not, as the regulators simply continue t...