Chain News by Thebittimes.Com

Nilam Resources , a penny stock listed on OTC Markets that has seen numerous controversies, fumbles, and miscalculations over the past month, has issued a press release stating that it will no longer be seeking to acquire 24,800 bitcoins , or a merger with Mauritius-based company, Mindwave. The company saw its fortunes briefly rise when it was mischaracterized as a ‘South American mining company’ that was planning to acquire 24,800 bitcoin. However, its stock gains vanished almost overnight after its former CEO and president, Ron McIntyre, called it a ‘classic pump and dump.’ Nilam Resources’ stock gains vanished after it was branded a ‘classic pump and dump. New executives, new problems Shortly after McIntyre made his statements, Nilam Resources announced that it had a new CEO and president — but then a Reddit user noticed that the company had hijacked its logo from a small, California-based skate company called Powell Peralta. A few days later, Nilam changed its logo . Nilam t

Prominent analyst Rekt Capital recently conducted a technical Analysis on Dogecoin (DOGE), revealing crucial insights into the potential trajectory of the popular meme coin. The Analysis underscores DOGE’s inability to sustain its monthly retest of the crucial $0.20 level, leading to a retreat into a confluent support area. DOGE has fallen into the black-red range, so the chances of a recovery above Range High appear slim, despite the fact that there is time for such a move to occur. Rekt Capital predicts that DOGE will likely confine itself to consolidating within this range for the time being, with the Range Low area offering the most attractive bargain opportunity for investors. Also read: Solana Hold Steady Above $155: Can SOL Hit New ATH In May? Dogecoin Potential Head and Shoulders Formation Source: Rekt Capital While DOGE has managed to maintain its position above the old Bull Flag bottom, Rekt Capital draws attention to a potential Head and Shoulders (H&S) f

A presale for Solana’s hottest new GambleFi token, Mega Dice ($DICE), kicked off last Wednesday, quickly netting over $500,000 dollars in the first seven days, according to the token’s website. Mega Dice is already a well-established name in GambleFi. It launched last year as the world’s first licensed crypto casino accessible through the popular messaging app Telegram and has since attracted 50,000 players. Others have since followed suit and launched iGaming bots on Telegram, most notably TG Casino. Mega Dice’s website currently offers gamers over 4,500 ways to win money, including classic staples like slots, roulette and blackjack, in addition to a comprehensive bookmaker that streams the most popular games from a selection of over 50 sports and esports.  The bookmaker currently collects average monthly wagers totalling $50 million between some 10,000 monthly active users. The ICO for Mega Dice’s new crypto token $DICE turbocharges the onl

Following a sharp decline in Cardano (ADA) value, which occurred in tandem with Bitcoin’s withdrawal from its latest all-time high (ATH) of $69,328, Dan Gambardello, a crypto analyst, has recently weighed in on the implications of this pullback for the broader bull market. Particularly Gambardello views this development positively, suggesting it mirrors historical patterns that could signal a strengthening market for ADA. Related Reading: Crypto Exchange Says Cardano Price Can Reach $165, Here’s When Cardano’s Price Action And Bull Market Indicators Dan Gambardello, a prominent figure in crypto Analysis , elaborated on ADA’s recent price action, comparing it to the altcoin’s behavior in previous bull cycles. He pointed out that similar pullbacks have historically preceded significant rallies for ADA, indicating p

Ripple has recently reached a record in XRP millionaire as it continues to ride what has been a 10% weekly surge. Indeed, crypto analytics firm Santiment has noted that addresses with a million XRP have reached a new all-time high. Moreover, it noted that the more than 2,013 addresses have been increasing over the last six weeks, rising 1.3%. That has coincided with positive performances for the asset over the last several days. Although it is currently down more than 3% and trading at $0.53, it is riding a seven-day green streak according to CoinMarketCap. Its continued increases seemingly began with the arrival of the Bitcoin Halving Event on April 19th. Also Read: Ripple: XRP Forecasted to Hit $1 Following Bitcoin Halving XRP Millionaires Reaches All-Time High Throughout the year, a lot of cryptocurrency investors had high hopes for Ripple (XRP). The asset has one of the most promising growth trajectories due to its relevance to cross-border payments and all Ripple Labs

Dexalot, the decentralized cryptocurrency exchange (DEX), announced the launch of its Central Limit Order Book (CLOB) on Arbitrum, according to the information shared with Finbold on April 24.  The launch sets the stage for Dexalot’s expansion beyond the Avalanche ecosystem. Dexalot on Arbitrum Unlike typical Automated Market Maker (AMM) DEXes, Dexalot’s CLOB exchange operates on a dedicated application-specific blockchain introduced in February 2023.  Picks for you Blocktrade Arcade breaks the 1 million gameplays mark within three months 18 seconds ago AI predicts Silver price for May 1, 2024 17 mins ago Meta spends $8m lobbying as Congress passes TikTok ban 1 hour ago Hedera (HBAR) price prediction as confusion hits over BlackRock’s tokenized fund 1 hour ago By extending its trading infrastructure to Arbitrum, Dexalot aims to bring a range of powerful Features to Ethereum (ETH) Layer 2 (L2) users. With its unique design, CLOB offers a use