Filecoin and Starket are two coins in the crypto news headlines today, FIL for its stellar performance over the past few days and Starknet for its trading debut after a much anticipated airdrop distribution. Another project creating huge waves in the cryptocurrency industry is Bitcoin Dogs.

With its presale surpassing the $3 million milestone, this project is quickly cementing analyst projections that its one of the best crypto to buy today. Here's more.

Among the top gainers in the past 24 hours, Filecoin reached prices near $8 to see it trade at levels last seen in early January. With the price up more than 10% in 24 hours and 40% this past week, FIL is one of the altcoins seeking a significant bounce ahead of the potential market run in the second half of the year.

With its recent integration with Solana to bolster access to the SOL blockchain networks block history, Filecoin has gained fresh traction for its decentralized cloud storage protocol. Notably, Filecoin has also integrated with Pyth Networks Data Feeds, a development that makes the decentralized data storage marketplace more appealing to users.

The surge in interest around AI tokens is also a key reason for FIL price soaring in the past few days. An overall spike in activity in the space could spark more demand for the protocol. In coming months, FIL bulls could tap into the overall market outlook to target a breakout above $10. However, the all-time high of $236 remains a long way off.

Starknet (STRK) is an Ethereum layer-2 scaling protocol whose native token went live on crypto exchanges on February 20. This follows the Starknet Foundations launch of the tokens distribution to early ecosystem users and other eligible wallets. In total, the airdrop targeted 1.3 million wallets in this first phase, with over 700 million STRK allocated to the program.

As users got the STRK tokens, some chose cash in and thus injected downward pressure. Indeed, STRK traded to highs of $7 after making its debut on Binance. However, it is currently hovering around $2.20 across major exchanges. Data on CoinGecko shows STRK is down 49% from the average high of $4.41.

While the overall crypto market sees a lull amid Bitcoins continued hovering in the $52k region, Bitcoin Dogs, a project tapping into the Bitcoin ecosystem, is taking the market by storm.

The play-to-earn gaming and NFT project is the first ICO on Bitcoin and interest in what it offers has seen unprecedented interest in the native $0DOG. Launched on February 14, the Bitcoin Dogs ICO broke the first milestone of $1 million in less than 24 hours. Less than a week into the presale, early adopters eyeing the future of BRC-20 tokens have allocated more than $3 million.

From $0.015, the price of $0DOG has increased to $0.0198, giving stage 1 participants an early glimpse of what potentially awaits when the ICO ends on March 15 and the tokens list on exchanges. If you are looking to join the Bitcoin Dogs presale, a good place to start your due diligence is the whitepaper. Joining the growing $0DOG community on social media could also be a great way to keep tabs on the project.

However, as the presale lasts for only 30 days and presale prices increase every 72 hours, these early stages might offer the best opportunity to get positioned.

You can check out this projects tokenomics, roadmap and team here.

Continue reading here:

Crypto Investors Rush to Bitcoin Dogs as Binance Lists STRK and Filecoin Rallies - Bankless Times

Valeria Blokhina

U.Todays daily news digest keeps you informed of the most important updates in the crypto industry

U.Today presents the top three news stories over the past day. Take a closer look at the world of crypto!

In a recentX post, Bloomberg's senior ETF analyst Eric Balchunas stated that since the launch of Bitcoin ETFs, Vanguard, one of the world's largest investment companies,has absorbed approximately $30 billion in inflows. This represents a six times greater result than what Bitcoin ETFs have achieved. This inflow highlights Vanguard's leadership in TradFi, despite the crypto industry's explosive growth and the substantial attention received by Bitcoin ETFs. Vanguard is known for its conservative position in regards to investment set forth by its late founder, Jack Bogle; the company gives preference to investing in assets that generate tangible returns, such as dividends and interest payments, while remaining cautious toward the speculative nature of the cryptocurrency market. This approach led to the emergence of the #BoycottVanguard movement on social media platforms. Still, Vanguard has not changed its stance, continuing to pull even futures-backed Bitcoin funds from its platform.

According to data provided by Whale Alert,yesterday, Feb. 19, the leading U.S. crypto exchange Coinbase saw a withdrawal of a substantial amount of Bitcoin, 18,484.69 BTC, worth approximately $962.15 million. The withdrawal was made in two transfers: the first one carried 9,322 BTC (valued at $485.248 million) to the address "1AyhP," while the second one moved 9,162 BTC (worth $476.9 million) to the address "19hJg." Interestingly, both addresses were created just recently and have no prior transaction history. This considerable withdrawal did not seem to affect Bitcoin's price, as at the time of the transfers, it continued its incremental growth, being valued at $52,400. However, at the moment of writing, Bitcoin is trading a little down over the past 24 hours (by 0.11%), with its valuation standing at $52,035.

In a recent development, Binance has made another review of its product offerings and announced its decision to cease support of some of them. Starting Feb. 28, 2024, at 6:00 p.m. (UTC), the crypto exchange will suspend trading and subscription services for Binance Leveraged Tokens (BLVT), with a subsequent end to redemption services and the eventual delisting of these products. The leveraged tokens that will be delisted are two BNB pairs, two ETH pairs and two Bitcoin pairs: BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT and BTCDOWN/USDT. Binance has established the following schedule of service cessation: trading and subscription services for all affected leveraged tokens will be suspended on Feb. 28, 2024, at 6:00 p.m. (UTC). After this date, all existing trading orders for these tokens will be automatically canceled. For a more detailed understanding, Binance has provided additional informationon its blog.

About the author

Valeria Blokhina

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.

Go here to read the rest:

Vanguard Left Bitcoin ETF Inflows in the Dust, Nearly $1 Billion in BTC Vanishes After Transfer From Coinbase, Binance to Delist Six BTC, ETH and BNB...

Ethereum layer-2 solution Starknet has begun the distribution of its airdrop, rewarding users with millions of STRK tokens valued at a whopping $5.39 billion at some point.

Starknet, an Ethereum layer-2 that uses zero-knowledge proofs to enable fast and cheap transactions, has launched the initial round of the Provisions Program today, effectively airdropping millions of STRK tokens to early users and developers.

The airdrop, which will distribute 700 million STRK to nearly 1.3 million eligible wallets, aims to reward supporters of the ecosystem as well as to incentivize more adoption. Eligible groups include StarkEx users, Ethereum stakes, StarkNet users, developers, and software contributors.

Users can ascertain their eligibility through the official verification page. To initiate the process, users are required to link their Starknet wallet and adhere to the provided instructions. Upon confirmation of eligibility, the corresponding token allocation will be displayed.

As of press time, the distribution has already begun, having started today at 12 noon (UTC). Users have until June 20 to claim their tokens. The team behind the project has noted that they would absorb unclaimed tokens and distribute them in the next rounds.

To claim the airdrop, you would need to head to the official Starknet provisions page, scroll down, and click on Claim STRK. Afterward, link your Agent X or Braavos wallet and follow the instructions outlined in the X post below.

- Advertisement -

The initial 700 million STRK tokens to be distributed in this first round of the airdrop are part of the 900 million tokens allotted for the airdrop. In total, the team behind the project has set aside 18% of the total STRK supply, amounting to 1.8 billion, for community allotment.

As an asset, STRK serves a dual purpose as both a governance token, empowering holders to participate in shaping the future trajectory of the Starknet network through voting and as a utility token facilitating fees, rewards, and incentives within the network.

The token has already secured listing from several leading exchanges, including Binance. Upon its listing, STRK soared to $5 on KuCoin and hit a high of $7.7 on Binance. At the $7.7 high, the 700 million STRK to be distributed was worth a whopping $5.39 billion, making this the largest crypto airdrop so far this year.

Shortly after the airdrop went live, the price of the token stabilized at $2.998 on Binance and $2.86 on market tracker CoinMarketCap (CMC) amid sustained selling pressure. Per CMC data, the token currently boasts a market cap of $2 billion and a volume of $469.8 million.

Fueled by StarkWares cutting-edge zero-knowledge proof technology, the Starknet network, which launched on the main net in November 2022, seeks to tackle the scalability, cost, and privacy challenges afflicting Ethereum by facilitating cheap, fast, and private transactions.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

More here:

Starknet Begins Airdrop to Distribute $5.39B, As Trading Starts on Binance - The Crypto Basic

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Leap year sparks crypto diversification: ETH & BBN investors eye DSTs presale, drawn by its innovative streaming model.

The leap year means an extra day for making profitable investments. With this anticipation, investors who are involved with Ethereum (ETH) and Binance Coin (BNB) are exploring the option of diversifying their investments into DeeStream (DST).

This decision is considered potentially profitable. DeeStream (DST) offers a special presale at $0.035, presenting a novel content-stream approach. It prioritizes the freedom of creators and the security of users. Participating in the DeeStream (DST) presale is an opportunity to support a significant shift in online content consumption.

Ethereum price has hit a new milestone, reaching a level not seen in the past two years. This accomplishment has led experts to speculate that ETH may experience further growth in the coming years.

Consequently, they have outlined a range, forecasting a trajectory from $3,000 to over $6,000. Several factors, such as the possible approval of an ETH ETF by the SEC, the upcoming reduction in Bitcoin rewards in April, and the increasing appeal of Bitcoin, contribute to optimistic predictions. Given these positive trends, there is substantial interest in the future path of Ethereum.

From a technical perspective, the price of Binance Coin appears to be maintaining a lateral trend without significant upward or downward movements. Presently, its value stands at $350. Potential resistance levels at $599.7 may be observed if this trend persists.

Conversely, a shift could lead to a decline, reaching approximately $203.2 or $268.8. Examination of indicators such as Relative Volume, Moving Average, and Relative Strength Index suggests that Binance Coin (BNB) may be poised for favorable developments in the future.

DeeStream is making waves in the content streaming landscape. It is in a special presale phase starting at a modest $0.035. What sets DeeStream apart from others is its emphasis on providing content creators with more freedom, which diverges from the typical constraints imposed by other platforms. Additionally, DeeStream prioritizes stability, transparency, and the safeguarding of user information. The platform aims to secure funds and undergo thorough audits permanently.

DeeStream aims to transform online content streaming, developing a space where creators feel empowered and enjoy a more satisfying streaming experience. The ongoing presale indicates a growing recognition of DeeStreams potential. Participating in the presale not only grants early access but also supports a platform reshaping online content consumption.

DeeStream offers an opportunity to invest in more than just financial gain; it is a chance to support stream innovation. The platform is dedicated to openness, security, and empowering creators to pursue their creative endeavors. If you want to be part of this transformative shift in the streaming industry, consider investing in DeeStream (DST).

Find out more about the DeeStream presale by visiting the website here.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Go here to see the original:

Ethereum and Binance Coin gains flow into Deestream as leap year boosts crypto - crypto.news

PEPE Coin has disappointed the crypto community after its lack of transparency and embezzlement-related issues. A distant cousin, PEPEFORK (PORK), has entered the market on promises of being different. Its a distant cousin because PORK is a fork of the PEPE coin, which has the code of PEPE but came with new features. Within 12 hours of launch, it gained $41 million in swap volume, snatching all the attention. But even with this achievement, will PORK get listed on Binance? Lets have a look into that.

PORK is a pink frog-themed meme coin that was launched recently in the market. It is being traded at $0.00000035 and has gained a market cap of $290 Million within a week of launch.

Exchanges like Uniswap, Gate.io, and others have already listed PORK on their platforms. Pauly0X created the PORK after the communitys harsh treatment of the PEPE team, as they got accused of lack of transparency, mismanagement, rug pulling, etc. Because of this, he introduced PORK to rebuild, redefine community projects, and introduce future utility.

Pauly0x ran multiple marketing campaigns, and with the promise of transparency, this coin reached its perfect audience. There was a moment when PORK took over the Baby Dogecoin in the 9th position of largest meme coin.

Even some influential people, including Matt Furie, have endorsed PORK. Matt Furie is the artist behind OG Pepe, the frog aesthetic.

Despite garnering the affection and interest of the cryptocurrency community, PORK remains unlisted on Binance. Binances approval for a coin matters while predicting the future of a coin.

In 2021, Binance CEO Changpeng Zhao revealed various factors Binance considered before listing a token. Binance is the largest cryptocurrency exchange by volume and has listed 403 tokens by now. They seriously consider the number of users the most necessary criterion during listing. Binance also looks at the number of active addresses on the blockchain, code commits, and the audience of altcoin.

In an interview with Forbes, Chan said,

If a coin has a large number of users, then we will list it. Thats the overwhelming significant attribute. Consider for example, meme coins even though I personally dont get it, if its used by a large number of users we list it. We go by the community, my opinion doesnt matter.

So, if PORK has an adequate number of users and value, it will have a chance to get listed on Binance. At the same time, we need to know that Binance doesnt need to add every token with an audience because their earnings come from volume rather than listings.

PORK is in demand now, but its shortcomings might hinder it from getting listed on Binance. The altcoin has seen the highs and lows too soon of launch. It reached a market cap of $290 Million impressively, but it also fell to $50 Million within a few days. Other than that, around 420.69T tokens are in circulation, which can dilute its value majorly, pushing it toward inflation.

PORK has made a place in the hearts of meme crypto lovers, but as with any other meme coin, it is prone to fall depending on the trends. If it adds more people to its community while maintaining the adequate traded volume, theres a good chance of getting added to the Binance exchange. It is a new meme coin, so it might take some time to get stable and added to Binance. Check out the Upcoming Binance Listing For 2024.

Continued here:

$PORK: Will the Altcoin be Listed on Binance? - CoinGape

The Nigerian government is considering blocking the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds, officials with knowledge of the policy option have told PREMIUM TIMES.

The recent unprecedented weakening of the Nigerian currency has seen the naira falling to all-time low of N1,800 to a dollar in the parallel market.

Presidency and regulatory sources say the government decided to move against Binance and other crypto firms following reports that currency speculators and money launderers were using them to execute criminal activities. Authorities believe the criminal activities going on on platforms are contributing significantly to the weakening of the naira.

Binance, a digital assets platform, serves as a window for peer to peer transaction allowing users to advertise interest to sell or buy currencies of their choice.

In September 2023, Nigerias Securities and Exchange Commission (SEC) placed a disclaimer on Binance Nigeria Limited, saying the platform was neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.

Despite the warning by the regulatory agency, the firm continued its operation, attracting huge patronage especially among urban youths and suspected speculators and money launderers.

Aside suspicions of economic sabotage, officials also speak of national security concerns as the platforms are often patronised by other criminal groups including for payment of ransom.

Law enforcement sources say the digital asset platforms are also routinely deployed for manipulation of forex values through fake deals that serve to prop up values or cause a fall.

A source at the Economic and Financial Crimes Commission (EFCC) involved in probing criminal complaint against digital asset platforms, who was however not authorised to speak to the press, described the process as a sophisticated heist against the Nigerian economy.

According to her, by allowing simultaneous opening of buy and sell windows for a single user, manipulators often fake interest to sell dollars which they then buy at a speculated rate to themselves through the buy window.

This therefore gives the dollar a fake value against the naira which then sets a frenzy and mislead the market. This fake price is then often quoted by BDCs who raise their prices to meet the Binance benchmark even without any corresponding demand in that segment, she said.

A senior executive at the Central Bank of Nigeria (CBN) described as troubling the bearish downward trade of the naira against the dollar in the last 10 days, attributing it to artificial devaluation caused by the speculative sites.

Through manipulative rent seeking, Binances global reach results in higher USD to NGN exchange rates often being used as a benchmark for currency trading, misleadingly devaluing the Naira in global markets.

But he added that trading on the platform is encouraged by activities of money-launderers and terrorist financiers who have no qualms with the arbitrage.

We started noticing this sharp trend from February 9, and since then it has caused significant devaluation of the naira against the USD. This is simply criminal, he said.

Binance has had similar accusations of currency manipulation and unethical conduct leading to sanctions in many countries and an ongoing lawsuit in the United States.

If the government decides to invoke a ban on the digital asset trading site it would be treading the path of countries like Malaysia, France and Malta, among others.

The Office of the National Security Adviser (ONSA) had announced Tuesday that it was joining forces with the Central Bank of Nigeria to clamp down on currency speculators and economic saboteurs.

The Head of Strategic Communication at ONSA, Zakari Mijinyawa, hinted in his Tuesday statement that individuals and organisations involved in wrongful activities in Nigerias Forex market would be identified, investigated and penalised.

Contacted on Thursday night on the planned clampdown on Binance and other crypto firms, Mr Mijinyawa said he was at an important meeting. He did not answer or return subsequent calls made to him.

Binance could not be reached Wednesday morning. Multiple calls to a customer service number listed for it rang out unanswered.

TEXT AD: Call Willie - +2348098788999

Go here to see the original:

EXCLUSIVE: Forex Crisis: Nigeria plans clampdown on Binance, other crypto firms - Premium Times

Binance Web3 Wallet upgrades its digital asset services by adding 24 decentralized applications.

The additions aim to upgrade the user experience by providing a wide range of functionalities within the Binance Web3 Wallet, facilitating direct access to decentralized finance (defi) solutions, Ethereum Virtual Machine (EVM) compatible tools like EVM Ink, and other innovative technologies such as zkBridge.

The integrations from Binance span a variety of sectors, including financial services, marketplaces, and blockchain utilities, featuring platforms such as 48 Club, BakerySwap, CyberWallet, and Ethscriptions, among others.

The expansion includes various marketplaces, such as Frc20 Market and XRC Market, and financial platforms, namely Owlto Finance and SynFutures.

Excerpt from:

Binance integrates 24 new dapps into its web3 wallet - crypto.news

statesman.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use.

Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on statesman.com

See the rest here:

Is Binance's BNB Chain the Rising Star in the Crypto World? - Austin American-Statesman

Binance has announced the closure of several leveraged token services. This decision impacts tokens associated with cryptocurrencies such as Bitcoin, Ether, and BNB. Binance has set a clear timeline for users to convert or redeem these tokens, emphasizing the importance of acting before the April 3 deadline.

Starting February 28, at precisely 06:00 UTC, Binance will halt trading and subscription services for leveraged tokens, including BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN.

Consequently, the platform will automatically cancel all related trade orders. Binance advises its users to swiftly transition their holdings into alternative assets to avoid potential complications.

Moreover, the exchange plans a phased delisting and redemption cessation of these tokens from April 1 to April 3. For those who miss this window, Binance will convert any remaining tokens into USDT based on their value at the time of delisting. The exchange promises to credit these funds to user accounts within 24 hours, subsequently removing the leveraged tokens from wallets.

Binances leveraged tokens have offered traders a way to gain amplified exposure to crypto assets without the usual requisites of collateral or maintenance margins. However, despite their advantages, Binance cautions about the inherent risks. These include the volatile nature of the perpetual contracts market, along with potential premiums and funding rates.

This move underscores Binances commitment to user safety and market stability, reminding traders of the careful navigation required in the complex world of cryptocurrency trading.

Also, traders should note that this move is only for leveraged future trading, and Futures trading will continue to be operational as usual.

Also Read: Sullivan & Cromwell Frontrunner for Binance Monitor Role

Continue reading here:

Binance Announces Closer of BTC, ETH, BNB Leveraged Tokens - Crypto Times

Binance, in a blog post shared on Feb. 19, said that it would no longer support Binance Leveraged Tokens (BLT).

The decision is reportedly part of its product review and the exchanges decision to focus on products and services that yield the most value to its users.

Binance announced that it would stop trading and subscription services for all of its leveraged tokens by February 28, 2024. According to the notice, BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN are among the affected leveraged tokens.

In addition, Binance warned that it would automatically remove all trade orders for leveraged tokens on the specified date, meaning that users wouldnt be able to place orders afterward. However, the crypto exchange encouraged its customers to trade their leveraged tokens for other assets before the announced date.

Binance plans to delist and cease redemption of the tokens from April 1 to April 3. The exchange added that users can redeem their tokens before the date above. In addition, Binance will convert unredeemed tokens to USDT using their value on the delisting date. Afterward, the exchange will transfer the tokens to the users accounts and take the leveraged tokens out of their wallets.

Binances move to cease support for leveraged tokens reflects its dedication to improving its services and focusing on products that match user preferences and market developments. It also emphasizes the need for crypto platforms to frequently evaluate their offerings to ensure compliance and secure their competitive advantage.

Binance notes that its leveraged tokens simply represent a basket of perpetual contract positions. These tokens are more suitable for short-term trading and are not an alternative to margin-leveraged products.

Leveraged tokens provide traders with exposure to leveraged positions without requiring them to put up any collateral. In addition, traders do not need to worry about being liquidated. However, leveraged tokens allegedly come with associated risks. This includes the effects of price movements in the perpetual contracts market, premiums, and funding rates.

Users affected by this cessation are expected to adjust their trading strategies.

Go here to see the original:

Binance to Pull Back Support for Leveraged Tokens in April - - Altcoin Buzz