Cryptocurrencies Today: News, Analysis, and Predictions ☀️

Top Under a Dollar Cryptos Set for a 50x Bullish Rally in the Coming Weeks

May 4, 2024 | 03:05 am

The post Top Under a Dollar Cryptos Set for a 50x Bullish Rally in the Coming Weeks appeared first on Coinpedia Fintech News Patience is needed to navigate the delicate terrain of the crypto space to avoid losses. With the fluctuating market condition, analysts have picked cryptos with bullish sentiment. Dogecoin (DOGE) and Floki (FLOKI) are popular meme coins with bullish sentiment. Analysts project massive returns in the coming weeks. Meanwhile, KangaMoon (KANG) is one of the best …

Ripple CEO Continues Backing Ethereum, Claiming ETH and XRP As Non-Securities

May 4, 2024 | 03:02 am

The post Ripple CEO Continues Backing Ethereum, Claiming ETH and XRP As Non-Securities appeared first on Coinpedia Fintech News As the SEC is all set to see if certain ETH transactions qualify as securities, Ripple CEO, Brad Garlinghouse is seen backing Ethereum for not being a security in a recent interview With Michael Arrington. Garlignhouse’s support comes just after the notable BTC personality, Michael Saylor indirectly hinted at Ethereum as being unregistered securities. Saylor …

Michael Saylor vs Cardano’s Hoskinson over ETH’s possible ‘security’ status

May 4, 2024 | 03:00 am

It's Saylor v. Hoskinson as the debate over Ether's status heats up

Friend.tech Token Trading Goes Live: Excitement Builds with Airdrop Claims and Version 2 Release

May 4, 2024 | 02:53 am

Friend.tech, the social media app on Base, has launched Version 2 (V2) and airdropped its FRIEND token to its early users. The event has not gone smoothly, with several eligible airdrop recipients unable to claim their tokens and the early recipients dumping all their tokens and tanking the price. FriendTech, the decentralized social media app [...]

XRP Surges with Ripple’s Japan Move; Solana Investors Flock to Trending Crypto Raboo

May 4, 2024 | 02:51 am

The post XRP Surges with Ripple’s Japan Move; Solana Investors Flock to Trending Crypto Raboo appeared first on Coinpedia Fintech News For the first time in a long time, the embattled XRP saw the light at the end of the bearish tunnel after its monumental expansion to the Japanese market. Amid the excitement and bear pressure, trending crypto, Raboo has stood tall with heightened investors’ confidence in stark contrast to the downturn in Solana price. The …

RippleX Enhances XRP Adoption: New Feature Signals Crucial Boost for Crypto

May 4, 2024 | 02:38 am

RippleX improves XRP Ledger with sponsored transaction fees, making transactions simpler and more accessible for users and platforms alike. Users can now delegate transaction management while retaining control over their accounts, streamlining the process and reducing barriers to entry. RippleX, Ripple’s development arm, has introduced a significant enhancement to the XRP Ledger (XRPL) aimed at [...]

Bitcoin and Other Cryptos Set To Begin ‘Slow Grind Higher,’ Says Arthur Hayes – Here Are His Top Altcoin Picks

May 4, 2024 | 02:15 am

BitMEX co-founder Arthur Hayes is saying that crypto assets are likely to benefit from the US monetary policy going forward. In a new essay, Hayes says that the U.S. Treasury and the Federal Reserve are engaging in “stealth money printing policies.” According to the BitMEX co-founder, the “slow addition of billions of dollars of liquidity […] The post Bitcoin and Other Cryptos Set To Begin ‘Slow Grind Higher,’ Says Arthur Hayes – Here Are His Top Altcoin Picks appeared first on The Daily Hodl.

Floki Hits 7-Day High, Can FLOKI Surpass Past $0.000343 ATH?

May 4, 2024 | 02:10 am

The post Floki Hits 7-Day High, Can FLOKI Surpass Past $0.000343 ATH? appeared first on Coinpedia Fintech News Floki Hits 7-Day High

Ondo Finance Falls Behind ETFSwap (ETFS), Celestia (TIA) And Polkadot (DOT) Suffer Losses

May 4, 2024 | 02:00 am

Market dynamics have led to some notable developments in the crypto space lately. One is […]

OMNI Network (OMNI) 2024-2030 Price Prediction: How Will This Innovative Token Fair in the coming years?

May 4, 2024 | 02:00 am

TL;DR Omni Network is an Ethereum-based protocol that aims to revolutionize the way different Ethereum systems communicate. It creates a unified, efficient platform for users and developers, and has distributed 3,172,260 OMNI tokens to early supporters and partners. The network bridges the gap between various rollups, creating a cohesive environment for decentralized applications (DApps). It leverages ... Read more

Bitcoin Price Back in Action? Whales Accumulate $2.8 Billion BTC in 24 Hours

May 4, 2024 | 01:58 am

The post Bitcoin Price Back in Action? Whales Accumulate $2.8 Billion BTC in 24 Hours appeared first on Coinpedia Fintech News Who can predict what will happen next in the crypto world? Now, big players or “whales” are causing a stir, leading to a surge in the market over the past day. On May 3, the total market value rocketed to $2.18 trillion, marking a significant 2.80% increase. But what’s really turning heads is Bitcoin’s resilience, …

Fidelity Reveals $5 Trillion Crypto Potential for Pension Plans: What You Should Know

May 4, 2024 | 01:56 am

The post Fidelity Reveals $5 Trillion Crypto Potential for Pension Plans: What You Should Know appeared first on Coinpedia Fintech News Rumor has it that Fidelity, the mammoth $4.8 trillion asset manager, has let slip a groundbreaking secret—they’re turning their attention to Bitcoin and other cryptocurrencies! This revelation marks a seismic shift as traditional financial giants warm up to the allure of digital assets. Leading the charge are players like BlackRock’s Digital Assets Head, hinting at …

Is It Rally Time for Shiba Inu, XRP, and BlastUP? Signals from a Crucial Market Indicator

May 4, 2024 | 01:45 am

Cryptocurrency markets are teeming with activity as three popular tokens show signs of a potential […]

Bitcoin Maximalist Michael Saylor Predicts XRP, ETH, BNB, and ADA to Never Have ETFs

May 4, 2024 | 01:38 am

The post Bitcoin Maximalist Michael Saylor Predicts XRP, ETH, BNB, and ADA to Never Have ETFs appeared first on Coinpedia Fintech News MicroStrategy co-founder Michael Saylor, a notable figure in the crypto world, has stirred controversy with his recent comments at the Bitcoin for Corporations 2024 event. Saylor’s predictions about the regulatory fate of major altcoins like Ethereum (ETH), XRP, BNB, Cardano (ADA), and Solana (SOL) have left many in the community angry. What did he say …

Bitcoin’s long-term projections – Why you should look out for this key indicator!

May 4, 2024 | 01:30 am

Bitcoin is recovering on the charts, but there might be more good news for BTC in the long-term.

Democratizing Investment – The Power of Asset Tokenization in Real-World Assets

May 4, 2024 | 01:26 am

In the traditional financial landscape, investment opportunities in real-world assets (RWAs) have traditionally been reserved for the affluent and well-connected, with significant barriers preventing the average person from accessing lucrative investment markets. For instance, opportunities to invest in real estate have been primarily available to institutional investors or high-net-worth individuals as these investments often require […]

Binance Coin and Solana Are Bearish While CYBRO Sells Fast and Enters the Last Month of Presale

May 4, 2024 | 01:15 am

The crypto market is displaying a mixed scenario as Binance Coin and Solana show downtrends, […]

Bitcoin Recovers Finely, Yet the Bearish Clouds Haunt the BTC Price Rally!

May 4, 2024 | 00:38 am

The post Bitcoin Recovers Finely, Yet the Bearish Clouds Haunt the BTC Price Rally! appeared first on Coinpedia Fintech News Ever since the BTC price failed to hold at the higher resistance zone above $70,000, the bears have controlled the rally to a large extent. A significant pullback follows every bounce as the market participants show their distrust over the rally by extracting profits very frequently. This constant clash between the bulls and the bears …

XRP, MATIC and CYBRO Aim for $1: Which Altcoin Will Reach This Milestone First?

May 4, 2024 | 00:25 am

In the bustling realm of cryptocurrencies, a trio of contenders is galloping toward a significant […]

Internet Computer Sees Major Update, Polygon Gaming Reaches New Heights KangaMoon Poised To Surpass It

May 4, 2024 | 00:24 am

Polygon (MATIC)’s gaming ecosystem has reached new heights, and this has resulted in a significant resurgence in the interest of both its network as well as its native crypto. In addition, Internet Computer (ICP) is expanding its community engagement and could soon reach new heights with its value as-well, as more people begin accumulating it. [...]

Transforming Waste Management: RVM Token to Launch Presale on May 15, 2024

May 4, 2024 | 00:19 am

Malaysia, May 3, 2024 The RVM Token, a cryptocurrency focused on sustainability, is set to transform how users approach waste management and recycling. By merging innovation with environmental responsibility, RVM Token has offered a solution to combat the global crisis of waste generation and its impact on the environment. The presale for RVM Token is [...]

‘Inevitable’ That Bitcoin Surges Past $100,000 This Year, Says Quant Analyst PlanB – Here’s Why

May 4, 2024 | 00:04 am

Closely followed quant analyst PlanB believes that Bitcoin (BTC) can reach six figures before the end of 2024. In a new strategy session, the on-chain analyst tells his 157,000 YouTube subscribers that based on prior history, Bitcoin’s price is likely to double the current value to restore BTC miners’ revenue losses due to the April […] The post ‘Inevitable’ That Bitcoin Surges Past $100,000 This Year, Says Quant Analyst PlanB – Here’s Why appeared first on The Daily Hodl.

Ethereum NFTs on Blast – Should ETH holders worry now?

May 4, 2024 | 00:00 am

Blast NFT collections have surpassed Ethereum in terms of NFT trading volume. That's not the full picture though.

ChatGPT Predicts A 2x Surge in SHIB Price With This Breakout

May 3, 2024 | 23:36 pm

The post ChatGPT Predicts A 2x Surge in SHIB Price With This Breakout appeared first on Coinpedia Fintech News As the crypto world strives to reposition in a bullish stance after a huge bearish hit, the meme coins are on a path to recovery. While the low-cap memes are on a quick rise, the SHIB price trend projects a morning star reversal, slow to pick momentum. With high anticipations of a reversal turned breakout …

Bitcoin Spot ETF: SEC Delays Decision On 7RCC’s Eco-Friendly Fund

May 3, 2024 | 23:30 pm

The US Securities and Exchange Commission (SEC) has extended its review period on the launch of crypto asset management company 7RCC’s Bitcoin spot ETF (exchange-traded fund). SEC Extends Deadline For 7RCC’s Bitcoin Spot ETF In a notice published on Thursday, May 2nd, the SEC said it will now decide to approve or disapprove the 7RCC […]

Bitcoin Back Above $63,000: Will FOMO Fuel Another Rally Or Lead To A Bust?

May 3, 2024 | 23:25 pm

The Bitcoin price made a strong comeback on Friday after witnessing a significant amount of bearish pressure throughout the past week. On Wednesday, May 1, the premier cryptocurrency fell below the $60,000 mark for the first time in almost two months. On Friday, May 3, the price of BTC recovered above the $60,000 level, going [...] The post Bitcoin Back Above $63,000: Will FOMO Fuel Another Rally Or Lead To A Bust? appeared first on Crypto Breaking News.

Explaining Toncoin’s [TON] 2x hike – Telegram, USDT, and Pantera

May 3, 2024 | 23:00 pm

The parabolic growth in user base is a sign that the project has been gaining traction.

Former Cred Executives Indicted for Wire Fraud and Mismanagement

May 3, 2024 | 22:55 pm

The post Former Cred Executives Indicted for Wire Fraud and Mismanagement appeared first on Coinpedia Fintech News Three former Cred executives, including co-founder Daniel Schatt, are indicted on charges related to wire fraud and financial mismanagement. A defunct crypto lender, Cred, filed for bankruptcy in 2020 and faced liabilities between $100 million to $500 million. However, the company’s failure led to mishandling of funds and undisclosed and risky lending practices. Current allegations …

Shiba Inu: Shibarium’s Successful Hard Fork: Boosting SHIB Price and Community Sentiment

May 3, 2024 | 22:35 pm

A successful Shibarium hardfork is ushering in a new era for the L2 network and the Shiba Inu ecosystem, fueling positive community sentiment. The hardfork brings “blazing-fast” transactions and “predictable” gas fees to the network, allowing for user optimization. The Shiba Inu team has announced the successful completion of the Shibarium hardfork. This is a [...]

Paypal Partnership Allows US-Based Moonpay Users to Buy Crypto With Their Paypal Accounts

May 3, 2024 | 22:18 pm

The digital asset trading platform, Moonpay, announced on May 2 that it had formed a partnership with Paypal. This partnership will allow U.S. users to purchase cryptocurrency using their Paypal accounts. Users of Moonpay can benefit from the security offered by Paypal, a payment provider known for sharing comprehensive financial information about transactions. Moonpay Users […]

Decoding Shiba Inu’s descending triangle – Is an 18% price drop coming next?

May 3, 2024 | 22:00 pm

The demand for SHIB has declined over the past month, hinting at a possible decline below $0.00002.

Akita dog society turns to blockchain for pedigree certificates

May 3, 2024 | 22:00 pm

Apart from forgery incidents, paper-based pedigree certificates suffer from various problems, like missing documents and overseas verification issues, according to the Akita Inu Preservation Society. [...] Read More... The post Akita dog society turns to blockchain for pedigree certificates appeared first on CoinGeek.

Cardano TOPS this altcoin chart – Good news for ADA holders?

May 3, 2024 | 21:00 pm

Cardano boasted the highest Nakamoto coefficient among all chains, suggesting greater decentralization.

The $1 Trillion Power Couple Reshaping Finance

May 3, 2024 | 20:40 pm

The DeFi (decentralized finance) market has staged an impressive comeback over the past 12 months – with the TVL (total value locked) across all protocols doubling to $93 billion. Meanwhile, excitement surrounding the capabilities of generative AI continues to build. A Bloomberg report suggests this industry could be worth $1.3 trillion by 2032 and “fundamentally […] The post The $1 Trillion Power Couple Reshaping Finance appeared first on The Daily Hodl.

Record-Breaking Q1 For Polkadot: Daily Active Addresses Hit 514,000 As DOT Price Surges 7%

May 3, 2024 | 20:00 pm

According to a Messari report, the Polkadot (DOT) blockchain protocol made significant progress in the first quarter (Q1) of the year in terms of market capitalization, revenue, and Cross-Consensus Message Format (XCM) activity, as well as a record increase in daily active addresses. DOT’s Market Cap Surges 16% QoQ During Q4 2023, Polkadot’s market capitalization [...] The post Record-Breaking Q1 For Polkadot: Daily Active Addresses Hit 514,000 As DOT Price Surges 7% appeared first on Crypto Breaking News.

XRP’s 8% price hike and what 130 billion tokens had to do with it

May 3, 2024 | 20:00 pm

XRP’s Age Consumed and NUPL readings could have interesting implications for XRP's short-term.

Microsoft pledges $1.7 billion to improve Indonesia’s cloud, AI infrastructure

May 3, 2024 | 20:00 pm

Most of the investment will be used to equip 840,000 Indonesians with AI skills, with an aim for nationwide upskilling program that will focus on women and youth from underrepresented communities. [...] Read More... The post Microsoft pledges $1.7 billion to improve Indonesia’s cloud, AI infrastructure appeared first on CoinGeek.

Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill

May 3, 2024 | 19:13 pm

A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill […]

Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop

May 3, 2024 | 19:00 pm

Shiba Inu (SHIB) has demonstrated resilience despite recent market downturns. Data reveals that roughly over 700 trillion SHIB tokens held by more than 650,000 wallet addresses remain profitable, reflecting steadfast confidence among holders in the token’s long-term value. Shiba Inu Market Resilience Amid Volatility Recent on-chain analytics have uncovered an interesting trend among Shiba Inu [...] The post Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop appeared first on Crypto Breaking News.

How L2s like Optimism, Base, and Arbitrum are shaping up for May

May 3, 2024 | 19:00 pm

L2s' monthly report revealed that OP dominated others in terms of addresses, while Base remained the top L2 by TVL

Memecoins Resurgence? POPCAT And MEW Lead The Way With 20% Surge

May 3, 2024 | 18:00 pm

As the crypto market settles in on this new phase of the crypto cycle, some memecoins have shown remarkable performance over the last couple of days. Cat-theme tokens have significantly grown in popularity during this bull run, with some, like Cat in a Dog’s World (MEW), making it to the top 10 memecoins list. Other [...] The post Memecoins Resurgence? POPCAT And MEW Lead The Way With 20% Surge appeared first on Crypto Breaking News.

Cardano’s latest buy signal – Why it could mean a relief rally for ADA’s price

May 3, 2024 | 18:00 pm

ADA had a rough April, but sentiment might change for the better in May.

DOJ charges three Cred execs over $783 million in customer fund losses

May 3, 2024 | 18:00 pm

On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, and former CCO James Alexander — took part in a scheme that caused customers to lose […] The post DOJ charges three Cred execs over $783 million in customer fund losses appeared first on CryptoSlate.

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

May 3, 2024 | 17:42 pm

JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of their balance sheets, according to new data from the US government. The new numbers – compiled by the Federal Financial Institutions Examination Council (FFIEC) and first reported on by Wall Street on Parade – show JPMorgan […] The post JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report appeared first on The Daily Hodl.

$12 Million Crypto Seizure: Dutch Authorities Arrest Suspect Of ZKasino Rug Pull

May 3, 2024 | 17:30 pm

About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone. Despite the allegations, ZKasino continued to post X updates before disappearing from the public eye with investors’ money. The […]

PEPE – Is memecoin’s 10% price hike the trigger for a further 80% surge?

May 3, 2024 | 17:30 pm

PEPE’s price could break above a resistance level, which can result in an 80% rally.

Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price

May 3, 2024 | 17:05 pm

Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto [...] The post Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price appeared first on Crypto Breaking News.

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

May 3, 2024 | 17:00 pm

Crypto asset manager Pantera Capital announced on Thursday that it’s investing in the layer-1 altcoin TON, triggering a modest rally for the asset. TON is the native token for a layer-1 blockchain initially developed by the encrypted messaging platform Telegram. Telegram parted ways with the project in 2020 following a legal battle with the U.S. […] The post Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON appeared first on The Daily Hodl.

Dogecoin’s $1 billion loss means its $0.15 price target is…

May 3, 2024 | 17:00 pm

Declining open interest and funding rates suggest that bulls are not backing Dogecoin's price just yet.

Nigeria poised to outlaw P2P crypto trading over national security concerns

May 3, 2024 | 16:52 pm

Nigeria’s National Security Adviser (NSA) is set to label crypto trading as a national security threat, signaling an impending crackdown on peer-to-peer (P2P) crypto transactions, according to local media reports and CryptoSlate sources. The move follows the decision of at least three major Nigerian fintech startups — Moniepoint, Paga, and Palmpay — to block accounts […] The post Nigeria poised to outlaw P2P crypto trading over national security concerns appeared first on CryptoSlate.

MAR Mining Launches Cloud Mining Contract, Earn $300-1,0000 Daily

May 3, 2024 | 16:30 pm

London, UK – MAR mining, the world’s top Bitcoin mining platform, has launched cloud mining contracts. Designed to enable existing and potential cryptocurrency enthusiasts to profit from rising Bitcoin prices, the contract promises to disrupt the investment market and provide users with incredible opportunities. MAR mining cloud mining contract – what is it? Cloud mining […]

US Government Could Target Bitcoin, Warns ‘Wolf of All Streets’ Amid Crypto Attacks

May 3, 2024 | 16:11 pm

Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), […]

SEC under Trump would ‘vigorously pursue’ crypto regulation – former regulator says

May 3, 2024 | 16:07 pm

Former SEC Division of Enforcement Assistant Director Jennifer Lee said on May 2 that Donald Trump’s possible reelection likely won’t change the SEC’s stance on crypto. Lee told CNBC the SEC “vigorously pursued crypto cases” during Trump’s first presidential term and that it brought “daylight and regulation” to the burgeoning industry. She predicted that the […] The post SEC under Trump would ‘vigorously pursue’ crypto regulation – former regulator says appeared first on CryptoSlate.

XRP Forms On-Chain Signal That Led To 16% Crash Last Time

May 3, 2024 | 16:00 pm

On-chain data shows that many old coins have moved on the XRP network recently, a sign that proved to be bearish for the coin last time. XRP Age Consumed Metric Has Registered A Large Spike According to data from the on-chain analytics firm Santiment, XRP has just observed a large movement of dormant coins similar [...] The post XRP Forms On-Chain Signal That Led To 16% Crash Last Time appeared first on Crypto Breaking News.

Hugewin Crypto Casino: Redefining Cryptocurrency Gaming With Unrivaled Diversity and Unmatched Excitement

May 3, 2024 | 16:00 pm

Hugewin Crypto Casino proudly announces its emergence as a groundbreaking force in the realm of cryptocurrency gaming, offering an unparalleled fusion of innovation, diversity, and excitement. With a comprehensive suite of games, a plethora of cryptocurrency options, and enticing promotions, Hugewin sets a new standard for online gaming platforms. Diversity in Cryptocurrency Options: Hugewin stands […]

Dogecoin Open Interest Crashes 66.5% In One Month, What Does This Mean For Price?

May 3, 2024 | 16:00 pm

The Dogecoin open interest has seen a massive crash in the last month, leading to concerns about the future prospects of the meme coin. It is now a long way from its March all-time highs and has returned to the low levels of early February. Dogecoin Open Interest Sees 66.5% Crash In March, the Dogecoin […]

FLOKI’s trend reversal depends on THIS key factor panning out

May 3, 2024 | 16:00 pm

Floki Inu recorded a substantial hike in positive sentiment and interactions over the past few days.

Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

May 3, 2024 | 15:09 pm

Grand Cayman, Cayman Islands, May 3rd, 2024, Chainwire Protocol launches, growth trajectory, and industry-leading technology point toward more success to come On the first anniversary of Sui’s Mainnet launch, the Sui community is celebrating a landmark year that saw it rise from a nascent ecosystem to the top tier of Layer 1 blockchains, amassing household […] The post Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3 appeared first on CoinJournal.

Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork

May 3, 2024 | 15:01 pm

Dogecoin (DOGE) competitor Shiba Inu (SHIB) is announcing the completion of its highly anticipated Shibarium hard fork. In a new thread on the social media platform X, the team behind the dog-themed meme asset says they have officially completed the Shibarium hard fork, a move traders have been expecting since last year. “Shibarium has successfully […] The post Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork appeared first on The Daily Hodl.

Bitcoin Price Surges Towards $61,000, Eyeing Potential Breakout To $67-$68k Range

May 3, 2024 | 15:00 pm

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a notable resurgence in its bullish momentum, with the Bitcoin price reclaiming the crucial $61,000 threshold. This recovery follows a week-long downtrend that led to a 20% drop to $56,000 on Wednesday. As the bullish momentum returns, the possibility of further testing upper resistance levels [...] The post Bitcoin Price Surges Towards $61,000, Eyeing Potential Breakout To $67-$68k Range appeared first on Crypto Breaking News.

Why ADA Price Is Up Today?

May 3, 2024 | 14:57 pm

The recent Federal Open Market Committee (FOMC) decision, along with some technical cues, could be the reason why ADA price is up today. The post Why ADA Price Is Up Today? appeared first on CoinChapter.

6 Reasons To Own Bitcoin In Retirement

May 3, 2024 | 14:31 pm

Originally published on Unchained.com. Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. For newcomers, especially those in and around retirement age, [...] The post 6 Reasons To Own Bitcoin In Retirement appeared first on Crypto Breaking News.

Bitcoin Analyst Says Rally To Over $90,000 Programmed As Money Supply Grows

May 3, 2024 | 14:30 pm

Bitcoin price action might be dicey, undergoing a major corrective phase. However, even as $60,000 looks slippery for upbeat bulls, some analysts are optimistic that the coin is ready for a strong leg up. Going by past price action, analysts maintain that the coin will surge above $73,800 and register fresh all-time highs closer to […]

Argentine Lower House Passes Cryptocurrency Legalizing Opportunity in Reintroduced Omnibus Law

May 3, 2024 | 14:16 pm

The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower house and is expected to be discussed by the Senate in the […]

Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase

May 3, 2024 | 14:09 pm

Galaxy reported an assortment of VC investment data, including nearly $2.5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter. The growth represents the first increase by both measures in three quarters, […] The post Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase appeared first on CryptoSlate.

Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon

May 3, 2024 | 14:00 pm

Crypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon. An Imminent Quantitative Easing Would Be Good For [...] The post Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon appeared first on Crypto Breaking News.

Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon

May 3, 2024 | 14:00 pm

Crypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon. An Imminent Quantitative Easing Would Be Good For Bitcoin Van de Poppe suggested in an X (formerly Twitter) post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is “close.” He noted that the Fed has already started to “unwind Treasury buybacks and is reducing QT [Quantitative Tightening].” He claims this is happening because the economic data has worsened, which puts the US at risk of a recession. Related Reading: Dogecoin Breaks Out Of Descending Triangle Like It Did In 2021, Analyst Sets $6 Target Therefore, the Fed seeks to avoid this recession by buying back long-term government bonds and injecting liquidity into the financial system. As the crypto expert predicts, this could be good since it will force the Fed to take a more dovish stance and possibly lower interest rates, boosting investors’ confidence to go all in on risk assets like Bitcoin. Van de Popper further predicts that this Quantitative Easing will become evident in the data released in the coming months. In line with this, he advised investors to long Bitcoin. It is worth noting that Bitcoin dropped to as low as $57,000 ahead of the latest FOMC meeting, with many investors seeming to have anticipated a hawkish stance from the Fed. However, as the crypto expert noted, the rates remain unchanged, and Fed Chair Jerome Powell raised the possibility of a rate cut as early as June. Given Bitcoin’s price recovery since then, this development looks to have already revived a bullish sentiment among investors. What To Expect Going Forward In another X post, Van de Popper revealed his expectations for the crypto market going forward. He stated that Bitcoin will consolidate and go sideways (possibly ahead of the QE which will boost its price in the coming months. Meanwhile, he also expects Altcoins to “heavily outperform and rotation kicks in.” Related Reading: Crypto Prediction Website Reveals When The Cardano Price Will Reach $45 The crypto expert had previously echoed a similar sentiment when he stated that he expects altcoins to bounce in their Bitcoin pairs while Bitcoin faces a period of consolidation that he doesn’t expect to change in the “coming months.” Back then, he also mentioned that there would be a narrative shift to Ethereum, and he reaffirmed this belief in a more recent X post, stating that he expects a lot from the second-largest crypto token by market cap. At the time of writing, Bitcoin is trading at around $59,100, up over 2% in the last 24 hours, according to data from CoinMarketCap. BTC bulls reclaim control of price | Source: BTCUSD on Tradingview.com Featured image from Seu Dinheiro, chart from Tradingview.com

MakerDAO unveils two new tokens in a major overhaul

May 3, 2024 | 13:50 pm

The two new tokens teased by MakerDAO are NewStable (NST) and NewGovToken (NGT). NST replaces Dai and offers upgraded features while NGT replaced MKR and empowers broader governance participation. Existing Dai and MKR holders will have the choice to transition to the new tokens or continue using their current assets. MakerDAO, the decentralized autonomous organization […] The post MakerDAO unveils two new tokens in a major overhaul appeared first on CoinJournal.

Solana Unveils Plan for Cross-Chain Bridge to Bitcoin by Q3 2024: Details

May 3, 2024 | 13:45 pm

Solana is set to expand its ecosystem liquidity by bridging to the Bitcoin network. Slated for Q3 2024, the project will be facilitated by the Zeus Network. The Solana network is set to launch a cutting-edge cross-chain bridge meant to connect its ecosystem to Bitcoin by the third quarter of 2024. Solana Virtual Machine and [...]

Bitfinex whales bolster Bitcoin holdings by 6% amid recent price surge

May 3, 2024 | 13:35 pm

Quick Take Over the past few days, Bitfinex has recorded a substantial 6% increase in Bitcoin (BTC) long positions held by whales — totaling a staggering 48,615 BTC. Analyzing Bitfinex whale activity in 2024 reveals a clear pattern: On Feb. 10, these whales held over 76,000 BTC, but by March’s all-time high, the holdings had […] The post Bitfinex whales bolster Bitcoin holdings by 6% amid recent price surge appeared first on CryptoSlate.

Hon Kong’s asset management firm becomes the largest investor in BlackRock Bitcoin ETF

May 3, 2024 | 13:18 pm

Yong Rong HK Asset Management emerges as the top holder in BlackRock Bitcoin ETF with $38M investment. Ovata emerges as biggest buyer in Bitcoin ETF market, investing $74M in various funds. Bitcoin price surpasses $61,000 amidst market dynamics, signaling resilience and potential. Yong Rong HK Asset Management Ltd, a prominent investment firm based in Hong […] The post Hon Kong’s asset management firm becomes the largest investor in BlackRock Bitcoin ETF appeared first on CoinJournal.

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

May 3, 2024 | 13:00 pm

Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in mid-March through to the better part of April. Bitcoin Retracement Is Deeper And Took Longer: Bottom In? Expressing confidence, the analyst cited a historical pattern. Based on a price action assessment in the weekly chart, the analyst notes that whenever Bitcoin posts a deep retracement, there is usually a higher probability of the coin bottoming up and shaking off weakness. Related Reading: Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating At the same time, prices tend to recover after a retracement that takes longer than expected. Building on their historical pattern observation, the analyst applied it to the current BTC situation. The trader said up to the current level, the retracement from an all-time high is deeper and also took longer than usual, spanning several weeks. As a result, the analyst projected a high likelihood that Bitcoin prices might have found a bottom. While confidence abounds, it is still challenging to pick bottoms. Bitcoin and crypto assets are volatile, with prices moving quickly in either direction. At spot rates, Bitcoin is trading above $60,000, reversing losses of May 1. Even though this might cement the analyst’s position, BTC remains within a bear breakout formation, defined by the wide-ranging, high-volume bear bar of April 30. Moreover, the coin is still boxed away from the April trade range, suggesting that weakness remains. Should there be a conclusive close above $62,000, the trend will likely shift in favor of bulls, reversing the losses of April 30. Related Reading: Why This Crypto Bull Run Might Not Live Up To The Past: Analyst Before then, aggressive traders might be unloading at higher prices, aligning with the current bearish formation. Market Forces Will Shape BTC Prices Despite the bearish outlook, most analysts are bullish, expecting a sharp price recovery. One of them took to X, suggesting that buyers will likely take charge if prices recover from spot rates and return to the horizontal range of March to April. The pace and direction at which prices move going forward lean on market factors. So far, spot Bitcoin exchange-traded fund (ETF) issuers are decreasing their holdings. At the same time, the United States Federal Reserve is tracking inflation and other metrics as they tune monetary policy. If inflation drops, the USD will likely strengthen, heaping more pressure on the world’s most valuable crypto. Feature image from Shutterstock, chart from TradingView

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

May 3, 2024 | 13:00 pm

Bitcoin (BTC) is flashing a potentially bullish indicator amid an overall crypto market downtick, according to the digital asset analytics firm Santiment. The firm notes in a new post on the social media platform X that the percentage of the BTC network’s available supply in profit is 84.4%. Explains Santiment, “This BTC ratio is at […] The post Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment appeared first on The Daily Hodl.

Is Buying XRP A Profitable Trade? Crypto Analyst Says It’s “Dead”

May 3, 2024 | 13:00 pm

XRP has largely had a lackluster price movement in recent months, although it continues to show promise for real-world utility. Particularly, the price of XRP was recently rejected at $0.66 after a little surge which saw it falling back down as far as the $0.42 price level. The crypto now finds itself ranging between $0.6 […]

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

May 3, 2024 | 13:00 pm

Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in [...] The post Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form appeared first on Crypto Breaking News.

Africa Embraces BTC: Kenyan Government Welcomes Bitcoin Miner to Lead Adoption Efforts

May 3, 2024 | 12:59 pm

Kenya’s government has invited Marathon Digital Holdings to discuss its energy needs and set up operations in the country, as per local reports. Despite the central bank’s efforts to discourage crypto investment, Kenya is one of Africa’s leading crypto markets and has regularly ranked first globally for peer-to-peer trading. Africa has continued to embrace cryptocurrencies, [...]

Here’s Why One Crypto Analyst Doesn’t Think an Ethereum ETF Will Get Approval Despite ‘Altcoin Bull Market’

May 3, 2024 | 12:55 pm

One widely followed crypto analyst is warning Ethereum (ETH) traders that an ETH exchange-traded fund (ETF) approval from the U.S. Securities and Exchanges Commission (SEC) is unlikely to happen soon. Crypto trader Michaël van de Poppe tells his 715,800 followers on the social media platform X that traders may have to wait a little longer for an ETH ETF. […] The post Here’s Why One Crypto Analyst Doesn’t Think an Ethereum ETF Will Get Approval Despite ‘Altcoin Bull Market’ appeared first on The Daily Hodl.

SEC’s Impending Ethereum ETF Decision Underwhelms Industry Expectations

May 3, 2024 | 12:55 pm

The U.S Securities and Exchange Commission’s (SEC) judgment on Ethereum ETFs is imminent, and professionals in the field are becoming more skeptical. Crypto analyst Michaël van de Poppe has voiced his skepticism on the May approval of Ethereum Spot ETFs, taking the lead in the discussion. Michael Saylor, CEO of

Binance Assists Dutch Authorities in Exposing $30M Online Fraud

May 3, 2024 | 12:48 pm

Binance assisted the Dutch authorities in an investigation that led to the seizure of millions of euros worth of assets and the arrest of a 26-year-old man in suspected online fraud, Dutch media outlet NOS reported.Luxury Cars and Cryptocurrency SeizedDutch authorities, alongside the tax investigation service Fiscal Information and Investigation Service (FIOD), seized assets totaling 11.4 million euros, including a luxury car and cryptocurrency holdings, in connection with the investigation. The saga involves a multi-million euro scam through an online platform, ZKasino.Binance mentioned on X: "Binance is proud to have supported Dutch authorities in the investigation of a gambling exit scam. Our Investigations team helped lead the recovery of millions of euros."#Binance is proud to have supported Dutch authorities in the investigation of a gambling exit scam. Our Investigations team helped lead the recovery of millions of euros.Find out more in this article from the national Dutch news outlet, NOS 👇https://t.co/61jqNcCrzN— Binance (@binance) May 3, 2024The culprit is suspected of being involved in the online platform for monetary deposits. FIOD mentioned that ZKasino promised investors lucrative returns within 30 days. The scale of the alleged fraud is massive, with over $30 million alleged to have been channeled to ZKasino globally.The investigation, triggered by information sourced from various channels, including Binance, commenced following concerns raised about ZKasino's operations. Collaboration between the FIOD and a division of Binance proved useful in securing millions of euros in crypto assets. However, the possibility of recovering all funds remains uncertain.Seeking Recourse for VictimsWhile the FIOD hopes for restitution, it emphasized the need for cooperation from those involved in the scam and urged victims seeking to reclaim lost investments to engage with authorities.Last year, Binance assisted Thai law enforcement agencies in tackling significant cryptocurrency scams plaguing the region. Working closely with the Cyber Crime Investigation Bureau of the Royal Thai Police, Binance's Investigations team helped dismantle criminal networks such as the notorious "pig butchering" scheme that affected thousands of victims in Thailand.#Binance Aids Royal Thai Police in Crackdown on Criminal Networks | @Binance Blog https://t.co/GzMGjTlzmI— CZ 🔶 BNB (@cz_binance) October 3, 2023As a result of this collaboration, five key members of a criminal group were arrested, and assets totaling around Thai baht (THB) 10 billion (approximately $277 million) were seized. These assets include luxury cars, houses, and land. Moreover, more than 3,200 victims have come forward seeking compensation for their losses.In addition to the successful crackdown on the "pig butchering" scam, Binance played a crucial role in disrupting another large-scale crypto scam involving a vast network of transnational criminal entities. This operation led to arrests across 30 locations and the seizure of illicit assets, including luxury residences, vehicles, and cash. This article was written by Jared Kirui at www.financemagnates.com.

Dutch authorities arrest suspect in ZKasino gambling scam, seize $12.2 million in assets

May 3, 2024 | 12:40 pm

The Netherlands’ Fiscal Information and Investigation Service (FIOD) announced the arrest of a 26-year-old suspected to be involved in the ZKasino decentralized gambling platform scam. Meanwhile, speculations within the crypto community suggest that the arrested person could potentially be the pseudonymous founder of the platform known as Derivatives Monke. Asset seizures In the wake of […] The post Dutch authorities arrest suspect in ZKasino gambling scam, seize $12.2 million in assets appeared first on CryptoSlate.

Analyst: Gold and Silver Set to Rally Amidst a Collapse of the US Financial System

May 3, 2024 | 12:37 pm

Egon von Greyerz, a former banker and gold analyst, claims that gold and silver are set for a price rally amidst an upcoming collapse of the U.S. financial system. Von Greyerz states that interest rates will exceed 10% in a hyperinflationary environment, fueled by the issuance of unlimited debt and the loss of trust in […]

SEC Delays Decision on 7RCC Global’s Spot Bitcoin ETF Application

May 3, 2024 | 12:37 pm

A further two months of waiting have been imposed upon 7RCC Global after almost five months of waiting for the US Securities and Exchange Commission (SEC) to render a verdict on its spot Bitcoin ETF application centering on carbon credits. In order to decide on whether to adopt, reject, or

Arthur Hayes Says Bitcoin Price Bottom Is In, Now Poised For Gradual Ascent To $70,000

May 3, 2024 | 12:28 pm

When investors face a cryptocurrency bear market, many tend to look for signals that the bottom has been reached and that a bullish revival is imminent.

New Cardano High Could Be Closer Than Ever As ADA Sees Highest Level Of Whale Activity In 7 Months

May 3, 2024 | 12:23 pm

The cryptocurrency market has witnessed a tumultuous period in recent months, with Cardano (ADA) facing its fair share of challenges.

Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

May 3, 2024 | 12:11 pm

Grand Cayman, Cayman Islands, May 3rd, 2024, Chainwire Protocol launches, growth trajectory, and industry-leading technology point toward more success to come On the first anniversary of Sui’s Mainnet launch, the Sui community is celebrating a landmark year that saw it rise from a nascent ecosystem to the top tier of Layer 1 blockchains, amassing household [...]

Amid Soaring Presale, BlockDAG Announces X1 Mining App Launch As Ether Bullish Trends Overshadow Solana Price Prediction

May 3, 2024 | 12:08 pm

The growing trend of mobile mining has taken a new turn with BlockDAG’s X1 app, providing an efficient alternative in the crypto market. While Ethereum’s bullish trends have signaled market optimism, Solana’s bearish trajectory has cast doubt on the Solana (SOL) price prediction. BlockDAG’s presale has sold over 8.4 billion coins, raising $22.4 Million, with […]

Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

May 3, 2024 | 12:07 pm

Grand Cayman, Cayman Islands, May 3rd, 2024, Chainwire Protocol launches, growth trajectory, and industry-leading technology point toward more success to come On the first anniversary of Sui’s Mainnet launch, the Sui community is celebrating a landmark year that saw it rise from a nascent ecosystem to the top tier of Layer 1 blockchains, amassing household […] The post Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3 appeared first on CoinChapter.

Arthur Hayes predicts Bitcoin is poised for a steady rise in value

May 3, 2024 | 12:05 pm

Former BitMEX CEO Arthur Hayes expressed optimism regarding Bitcoin’s future trajectory, suggesting that the recent downturn marks a local bottom, with the flagship crypto poised for a gradual ascent over the coming months. Hayes shared his insights in a blog post on May 3, attributing the recent market slump to a variety of factors, including […] The post Arthur Hayes predicts Bitcoin is poised for a steady rise in value appeared first on CryptoSlate.

Bitcoin Market Shift: Weak Hands Not Capitulating Despite Crash

May 3, 2024 | 12:00 pm

On-chain data suggests the Bitcoin short-term holders haven’t been capitulating during the crash, a sign that a shift has occurred in the market. Bitcoin Short-Term Holders Haven’t Been Doing Much Loss-Selling Recently As pointed out by analyst James Van Straten in a post on X, the BTC short-term holders haven’t been sending much BTC at […]

Crypto Analyst Says Cardano “Ready For A Parabolic Bull Run,” Here’s Why

May 3, 2024 | 12:00 pm

An analyst has explained how, if the historical pattern followed by the ADA price is to be believed, Cardano seems ready to go on a parabolic bull run. Cardano May Be Set For A Bull Run Based On Historical Trends In a new post on X, analyst Ali Martinez has discussed what hints history may [...] The post Crypto Analyst Says Cardano “Ready For A Parabolic Bull Run,” Here’s Why appeared first on Crypto Breaking News.

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

May 3, 2024 | 11:45 am

A pair of bipartisan US congressmen are reportedly asking the U.S. Securities and Exchange Commission (SEC) to greenlight options trading on spot Bitcoin (BTC) exchange-traded funds (ETFs). Citing a letter sent to SEC chair Gary Gensler, Axios reports that Representatives Mike Flood (R-NE) and Wiley Nickel (D-NC) say that approving options trading on Bitcoin ETFs […] The post Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report appeared first on The Daily Hodl.

The Institutions Are Coming: The Dawn Of A New Era At This Year’s MicroStrategy World — Bitcoin For Corporations Conference

May 3, 2024 | 11:45 am

“The institutions are coming.” Anyone who’s been in the Bitcoin space for any significant period of time has heard some prominent figure within the space utter this phrase. In August 2020, when MicroStrategy, an American-based business software company, announced it would be purchasing bitcoin to add it to its treasury, many thought that was the [...] The post The Institutions Are Coming: The Dawn Of A New Era At This Year’s MicroStrategy World — Bitcoin For Corporations Conference appeared first on Crypto Breaking News.

Bitcoin Jumps Above $61,000 as US Unemployment Rate Rises With Fewer-Than-Expected Jobs Added

May 3, 2024 | 11:41 am

Bitcoin (BTC) is surging past the $61,000 price level as new data reveals that unemployment is on the rise in the US. According to a new economic news release from the U.S. Bureau of Labor Statistics (BLS), fewer-than-expected nonfarm jobs were added in the US during the month of April, contributing to the unemployment rate […] The post Bitcoin Jumps Above $61,000 as US Unemployment Rate Rises With Fewer-Than-Expected Jobs Added appeared first on The Daily Hodl.

Former PayPal President’s Bitcoin Remarks Stir Excitement: BTC Eyed as Future Currency for AI Applications

May 3, 2024 | 11:41 am

David Marcus argues that Bitcoin is a good choice of currency as AI is being used mainly on the internet. Marcus underlined the similarity between the use of AI translation services, especially that of Google, and that of Bitcoin as a neutral currency on the web. Former PayPal president David Marcus sparked discussions at the [...]

Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

May 3, 2024 | 11:34 am

Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]

Dogecoin Outperforms Major Altcoins Amid Surging Whale Activity and Wallet Growth

May 3, 2024 | 11:30 am

Recent data from the on-chain aggregator Santiment has highlighted a notable increase in whale activity across the cryptocurrency market over the past half-year. This trend has notably pushed Dogecoin (DOGE) to outperform several major altcoins, including XRP and ADA, in terms of wallet growth and market movement. Dogecoin Nearly Outshines

Challenging the notion of ‘Stag’ or ‘Flation’

May 3, 2024 | 11:17 am

Quick Take Federal Reserve Chair Jerome Powell dismissed concerns about stagflation following the release of the latest US economic data. In his speech following the Fed’s decision to keep fed funds rates at 5.25%-5.50%, Powell stated: “So I don’t see the ‘stag’ or the ‘flation’.” Stagflation refers to a toxic combination of stagnant economic growth, […] The post Challenging the notion of ‘Stag’ or ‘Flation’ appeared first on CryptoSlate.

Bitcoin Price Rallies Post Release of US Employment Data

May 3, 2024 | 11:17 am

The US employment data was anticipated by the U.S. market as a further indicator of the economy’s health. Notably, during their most recent FOMC meeting, the United States Federal Reserve kept the interest rate steady, which has impacted on market mood recently. Furthermore, the Federal Reserve’s policy rate attitude might

Research Shows that Crypto Startups See Surge in VC Funding, But Is It Sustainable?

May 3, 2024 | 11:03 am

TL;DR Notable increase in VC investments for cryptocurrency startups in the first quarter of 2024. Predominance of startups in early stages, with 80% of investments directed towards them. Influence of Bitcoin, innovations and macroeconomic factors on investment activity. The first quarter of 2024 marked a major rebound in venture capital investment in cryptocurrency and blockchain ... Read more

Battle For Privacy: DOJ Targets Crypto Wallets, Stirring Major Concerns Over Digital Rights

May 3, 2024 | 11:00 am

The recent actions of the US Department of Justice (DOJ) have ignited a fierce debate on the future of financial privacy. The crackdown on Wasabi Wallet’s service has raised significant concerns among privacy advocates and crypto users alike, spotlighting the tension between regulatory actions and the right to private digital transactions. Related Reading: Crypto Witch-Hunt: […]

Shiba Inu Price Prediction: When Will SHIB Hit $0.00017?

May 3, 2024 | 11:00 am

A prominent figure in the cryptocurrency community, Oscar Ramos, recently suggested that Shiba Inu (SHIB) could reach a price of $0.00017 by 2025 despite the prevailing bearish sentiment. This forecast comes at a time when SHIB has struggled in the market, currently trading at $0.00002296, marking a significant 49% decline

Crypto Pundit Lists 4 Altcoins To Buy Once The Bitcoin Price Bottoms

May 3, 2024 | 11:00 am

Crypto analyst DonAlt has listed four altcoins he will buy once he believes that Bitcoin’s price has bottomed. The analyst further provided insights into why he is particularly bullish on these altcoins. Ethereum Is Number One On The Altcoins List DonAlt mentioned in an X (formerly Twitter) post that he will buy “ETH, DOGE, LTC, [...] The post Crypto Pundit Lists 4 Altcoins To Buy Once The Bitcoin Price Bottoms appeared first on Crypto Breaking News.

Solana’s On-Chain Activity Wanes: What’s Next For SOL?

May 3, 2024 | 10:40 am

The Solana network is currently grappling with a decline in its on-chain activity, highlighted by diminishing trading interest. Following a market downturn that corrected SOL’s price to critical support levels, the value did rebound. However, persistently low on-chain metrics are causing investor anxiety about the durability of this recovery. Decrease

Hong Kong Leads Global Crypto ETF Inflows, Outshining U.S

May 3, 2024 | 10:37 am

Hong Kong’s extraordinary inflows of capital have thrust the region into the limelight, while the rest of the world’s digital asset ETF market has suffered losses during the previous week. As of now, the weekly flows in the Asian crypto ETF market are surpassing those in the U.S. Spot Bitcoin

Top VCs Join EYWA’s Seed Round Led by Curve Founder

May 3, 2024 | 10:30 am

EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed […] The post Top VCs Join EYWA’s Seed Round Led by Curve Founder appeared first on CoinChapter.

Penguiana Launches Token Presale: Could This Be The Next Big Memecoin on Solana?

May 3, 2024 | 10:22 am

As the crypto markets keep swinging sideways, showcasing the uncertainty of digital assets, investors are looking for the next 100x gem that would in their words, retire them and that’s where the excitement surrounding meme coins never seems to wane and Penguiana is coming out hot as the latest meme

USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks

May 3, 2024 | 10:16 am

Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply. TON Blockchain Sees 70 Million Increase […]

Rebase and Jarritos Collaborate for Innovative Blockchain-Powered Campaign in the US

May 3, 2024 | 10:13 am

Rebase, a leading mobile gaming application, has joined forces with the iconic beverage brand Jarritos to launch an exclusive campaign in the USA. This collaboration not only aims to enrich user engagement but also showcases the transformative potential of blockchain technology in modern marketing strategies. By integrating blockchain, Rebase is

Breakout Crypto of 2024: BlockDAG Presale Skyrockets to $22.4M Amid Uniswap Investors’ Liquidation & Bitcoin Cash Price Analysis

May 3, 2024 | 10:00 am

Uniswap Investors are withdrawing their positions due to the latest SEC legal action against the platform. Whereas, Bitcoin Cash’s price remains neutral following the market correction. On the other hand, BlockDAG is seeing a remarkable run, as its presale recently crossed $22.4 million in earnings and its impressive miner sales exceeded $2.3 million. The recent announcement [...]

Friend.tech Token Launch Turns Into A Nightmare As Price Dives 98%

May 3, 2024 | 10:00 am

The decentralized social network Friend.tech, launched in August 2023, is facing a significant setback as its native token, FRIEND, experiences a staggering 98.5% drop in value. Investors who participated in the recent airdrop of FRIEND tokens have expressed serious concerns about the development, highlighting issues with token claiming and app functionality. Investors Hit Hard As [...] The post Friend.tech Token Launch Turns Into A Nightmare As Price Dives 98% appeared first on Crypto Breaking News.

Senator Warren Calls for Tighter Crypto Regulations to Stop Terrorist Funding and Sanctions Evasion

May 3, 2024 | 09:58 am

The U.S. Senate Armed Services Committee examined how cryptocurrencies help fund national adversaries and terrorist groups. Senator Elizabeth Warren emphasized the need for stricter crypto regulations to prevent money laundering, especially by rogue states like Iran and North Korea. Cryptocurrencies’ anonymity and decentralized nature make them attractive for illicit financing, posing significant security risks. Cryptocurrency […]

Earn passive income with MAR mining

May 3, 2024 | 09:48 am

MAR Mining is pleased to announce the launch of its innovative services designed to make cryptocurrency mining convenient, efficient and profitable for enthusiasts and investors. MAR mining’s focus on simplicity, transparency, and user empowerment will change the landscape of cryptocurrency mining. Cryptocurrency mining has long been considered a complex and difficult activity that can only ... Read more

Bitcoin Transaction Fees Normalize as Runes Protocol Activity Dips: A New Trend for BTC?

May 3, 2024 | 09:43 am

TL;DR Bitcoin transaction fees are back on track after a brief spike caused by the launch of Runes. Runes on-chain activity and BTC transaction fees fell more than 97% in two weeks. The initial surge in activity on Runes created network congestion and significantly increased transaction fees. After the launch of Runes, a protocol that ... Read more

Users Can Now Buy Shiba Inu (SHIB), Ethereum (ETH), Cardano (ADA), Solana (SOL) with PayPal – Here’s How

May 3, 2024 | 09:42 am

Following a recent partnership with MoonPay, PayPal users in the United States can now seamlessly purchase Shiba Inu (SHIB) tokens internally. This integration allows users to fund their crypto purchases using PayPal balance, debit cards, or direct bank transfers, without the need for manual input. After the recent collaboration with prominent crypto payment processor MoonPay, [...]

Blockchain Asset Management LLC Launches Exclusive Blockchain Fund for Accredited Investors

May 3, 2024 | 09:40 am

Rahaman Kargar, founder of Blockchain Asset Management, proudly announces the launch of its blockchain fund tailored exclusively for accredited investors. The fund embodies a culmination of careful planning, strategic partnerships, and a deep insight into the ever-evolving cryptocurrency landscape, incorporating the latest developments in blockchain technology, including the recent Bitcoin halving event—a critical protocol that reduces […] The post Blockchain Asset Management LLC Launches Exclusive Blockchain Fund for Accredited Investors appeared first on CoinChapter.

SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF

May 3, 2024 | 09:40 am

SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. The ETF plans to invest 80% in Bitcoin and 20% in Carbon Credit Futures-linked financial instruments. Gemini has been named custodian for the ETF. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision […] The post SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF appeared first on CoinJournal.

Ripple Strikes back; Reply brief rocks SEC lawsuit

May 3, 2024 | 09:40 am

In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has responded forcefully to the SEC’s allegations with a comprehensive reply brief, marking a significant development in the high-profile case. Ripple’s legal team filed the reply brief, challenging the SEC’s claims and providing detailed arguments supporting Ripple’s position, …

Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges

May 3, 2024 | 09:30 am

Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event. Bitcoin production increase In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% increase on the year-on-year metrics. This uptick is primarily attributed to the 15% boost in its operational […] The post Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges appeared first on CryptoSlate.

Cardano stalls at support, eyes higher resistance despite bearishness

May 3, 2024 | 09:20 am

Open Interest in Cardano has remained stagnant between $0.68 and $0.447, demonstrating a lack of speculative sentiment in the market. Buyers, however, are looking to push the value for a higher resistance so that the token eventually breaks out at $1. Fibonacci is bearish, and so is the 1-day RSI, with the latter delivering a …

OriginTrail Decentralized Knowledge Graph for trusted cross-organization real-time data integration in EU-funded DMaaST

May 3, 2024 | 09:00 am

Trace Labs, the core developers of OriginTrail, has joined the European Union’s initiative to foster a resilient and adaptive manufacturing ecosystem through the DMaaST project. Collaborating with partners from Slovenia, Spain, Germany, Portugal, Turkey, Serbia, Belgium, Lithuania, France, Denmark, and Switzerland, the initiative will leverage the OriginTrail Decentralized Knowledge Graph (DKG) and Knowledge Assets (KA) to […] The post OriginTrail Decentralized Knowledge Graph for trusted cross-organization real-time data integration in EU-funded DMaaST appeared first on CoinChapter.

Bitrue boosts portfolio with new GPTV token and staking!

May 3, 2024 | 09:00 am

Bitrue, which is a top-rated app for cryptocurrency trading, has introduced GPTV•AI•PEPE•KING (GPTV) into its list of tokens it deals with. This milestone follows on the heels of the successful initial launches of other similar BTC Rune tokens like SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). The transactions that are GPTV/ USDT will …

Analyst Discusses Bitcoin Price Path To Heighten Fear Factor

May 3, 2024 | 09:00 am

MilkyBull, a well-known personality in the world of cryptocurrency analysis, has drawn attention lately for his analysis of Bitcoin’s price trajectory and his prediction of a situation that might cause more fear in the market. MilkyBull’s analysis delves into the subtleties of Bitcoin’s movement, identifying patterns and trends that could have a big impact on [...] The post Analyst Discusses Bitcoin Price Path To Heighten Fear Factor appeared first on Crypto Breaking News.

Block: Founder of Twitter’s New Company to Buy Bitcoin Every Month

May 3, 2024 | 08:59 am

TL;DR Jack Dorsey reveals that Block is systematically buying Bitcoin every month. Block has adopted an investment strategy based on Dollar Cost Averaging (DCA). The strategy seeks to minimize risks and maximize long-term investment in Bitcoin. Since Jack Dorsey left Twitter to focus on Bitcoin through his financial company Block, he has been implementing a ... Read more

HBAR: Analyst Foresees Potential Bottom And Ascent To $0.20+

May 3, 2024 | 08:50 am

In the fast-paced world of cryptocurrency, CrediBULL – one of the industry’s most seasoned analysts – recently surprised quite a few people with his bold forecasts about Hedera (HBAR). In the recent X post, CrediBULL shared his insights in defining the bottom for HBAR and brought it to the attention of the traders and investors. […]

Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet

May 3, 2024 | 08:45 am

Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “Are we mistaken, or has someone truly lost $68 million worth of WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 WBTC.” Meir […] The post Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet appeared first on CryptoSlate.

JPMorgan attributes crypto sell-off to retail investor activity

May 3, 2024 | 08:45 am

JPMorgan Chase, one of the major contenders on Wall Street’s financial superhighway, has slightly changed their approach towards the cryptocurrency scenes as they proceed cautiously. The issuer states her reasons first and foremost by noting that there are not enough factors leading to economic growth and the waning interest of retail investors. This is a …

‘Transforming Tomorrow’ – Tech Summit 2024 is coming to San Francisco this June

May 3, 2024 | 08:39 am

The highly anticipated annual Tech Summit San Francisco is set to illuminate the future of technology on June 19-20, 2024, from 9:00 AM at the renowned Santa Clara Convention Center. Themed “Transforming Tomorrow,” this year’s summit promises to be a two-day extravaganza of innovation, knowledge-sharing, and unparalleled networking opportunities. With over 200 distinguished speakers, the […] The post ‘Transforming Tomorrow’ – Tech Summit 2024 is coming to San Francisco this June appeared first on CoinJournal.

Hedera (HBAR) Price Prediction 2024, 2025, 2026-2030

May 3, 2024 | 08:26 am

In this Hedera (HBAR) price prediction for 2024, 2025-2030, we will analyze the price patterns of HBAR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Hedera (HBAR) Current Market Status What is Hedera (HBAR)? Hedera (HBAR) 24H Technicals HEDERA

Weekly VOX rewards, Proto-Vox NFTs flood GalaChain

May 3, 2024 | 08:25 am

For many years, the voxel entities known as VOX have been a mainstay of the GalaVerse, fluidly transitioning between properties and games. VOX is not, however, the only initiative that can be considered a singular instance of the GalaChain network. VOX were designed with cross-utility in mind; they give users a Metaverse “VOXsona” that can …

Ripple vs. SEC: Ripple Ramps Up Efforts to Obtain Crucial Expert Materials

May 3, 2024 | 08:18 am

Ripple has filed a letter in support of its motion to strike expert materials provided by the SEC, particularly those from Andrea Fox. Ripple argues that the SEC failed to disclose Fox as an expert witness before the final discovery phase, challenging her classification as a summary witness. San Francisco-based blockchain startup Ripple has submitted [...]

BTC on the Rise: Key Metrics Signal Bullish Outlook, Bitfinex Analysts Assert

May 3, 2024 | 08:15 am

Bitfinex Analysts are bullish on Bitcoin price, highlighting it is currently undervalued. Different factors and metrics hint at the prospect of a bullish recovery. Analysts at Bitfinex crypto exchange say Bitcoin (BTC) is on the verge of a breakthrough, citing two major metrics flashing a bullish signal for the cryptocurrency. The analysts’ sentiments raise renewed [...]

TON Investment by Pantera Capital Reflects Optimism in Telegram’s Web3 Journey: Should Investors Buy?

May 3, 2024 | 08:06 am

Pantera Capital has invested an undisclosed sum in The Open Network (TON). Telegram-Ton partnership creates opportunities for creative applications and monetization, defining the future of messaging and crypto. Pantera Capital, a leading crypto-focused venture capital firm, has invested an undisclosed sum in The Open Network (TON). The decision underscores Pantera’s faith in TON’s potential, particularly [...]

4M GRT Sunrise Upgrade Program is live! Democratize data. earn GRT

May 3, 2024 | 08:05 am

In every twenty-four hours in our digital age, people on the internet produce a large amount of information. This data should be accessed and used by the world differently than we currently have through closed systems. This is where The Graph comes in; it is revolutionary because it enables anyone to freely access any information …

Bitcoin’s Runes: Analyst Foresees Major Tech Breakthroughs In BTC Ecosystem

May 3, 2024 | 08:00 am

In an interesting twist of events that has captured the interest of the cryptocurrency community, a well-respected crypto analyst, Crypto Busy has presented a future vision of game changing improvements for Bitcoin. In a recent X post, the analyst early gaining attention, focusing on the influence Bitcoin Runes can have that can consequently lead to […]

Standard Chartered Bank Analysts Sound Warning Alarm: Bitcoin Price Can Still Drop To $50,000

May 3, 2024 | 08:00 am

Leading international cross border bank, Standard Chartered has predicted steep price declines for Bitcoin, foreseeing a pessimistic future outlook for the pioneer cryptocurrency amidst broader market downturn. Bitcoin Could Plummet To $50,000 As of writing the price of Bitcoin is trading above $59,000, according to CoinMarketCap. The cryptocurrency has been experiencing massive price drops after [...] The post Standard Chartered Bank Analysts Sound Warning Alarm: Bitcoin Price Can Still Drop To $50,000 appeared first on Crypto Breaking News.

The BEFE Coin Frenzy: Why It’s the MEME Coin to Make You Rich

May 3, 2024 | 08:00 am

The cryptocurrency world has been on a bull run since the beginning of this year. People have made huge profits out of their holdings in the market and are now looking for new opportunities to make much more money. The BEFE coin has opened up the possibilities for people to earn exponential returns in very [...]

MoonPay and PayPal unite to streamline crypto purchases

May 3, 2024 | 07:50 am

MoonPay, a leading cryptocurrency payment infrastructure provider, has announced a strategic collaboration with PayPal, a global leader in online payments, to simplify and enhance the process of purchasing cryptocurrencies. The partnership marks a significant milestone in the mainstream adoption of cryptocurrencies, offering PayPal users seamless access to a wide range of digital assets through MoonPay’s …

ValueZone Leads the Way in Automated Crypto Trading with Groundbreaking AI Technology

May 3, 2024 | 07:42 am

In the ever-changing world of cryptocurrency trading, traders need automated tools if they hope to make the most of the digital asset boom. Cryptocurrencies such as Bitcoin have been valued at around $60,000 recently and interest in these digital assets has never been higher. This trend has brought more than just individuals into the market; institutional investors […] The post ValueZone Leads the Way in Automated Crypto Trading with Groundbreaking AI Technology appeared first on CoinChapter.

zkSNACKs ends Coinjoin service on June 1st amid legal issues

May 3, 2024 | 07:30 am

Developers of Wasabi Wallet, a well-known Bitcoin wallet that focuses on privacy above all else, have now released a statement about what they intend to do in the future. Legal complications and developing issues concerning utilizing the advanced privacy feature Coinjoin have forced the team to withdraw its implementation for the time being. This was …

MultiBank.io Ushers in a New Era for Cryptocurrency Derivatives Trading

May 3, 2024 | 07:26 am

MultiBank.io is live to rejuvenate trading practices for users. The trading platform will operate as part of the MultiBank Group with Binance as a partner. A leading global financial institution, MultiBank Group has announced the launch of MultiBank.io, a derivatives trading platform designed to offer cutting-edge trading solutions to a global audience in a bid [...]

MicroStrategy’s Michael Saylor Takes Aim at Ethereum, Dismisses Spot ETF Possibilities

May 3, 2024 | 07:18 am

MicroStrategy Chairman Michael Saylor has labeled Ethereum and other top altcoins as investment contracts. The Bitcoin maxist discounts any hope of a spot Ethereum ETF. MicroStrategy Founder and Chairman Michael Saylor recently criticized Ethereum, labeling it a security rather than a commodity. While speaking at the MicroStrategy-organized Bitcoin for Corporation 2024 conference, the renowned Bitcoin [...]

JPMorgan Warns of Crypto Market Headwinds Amid Retail Investor Profit-Taking

May 3, 2024 | 07:12 am

JPMorgan’s cautious stance on digital assets underscores concerns over the fading retail interest and significant outflows from U.S. spot Bitcoin ETFs. Bitcoin options data suggests a potential summer slowdown in the cryptocurrency market, with traders anticipating low volatility. Wall Street banking giant JPMorgan stated that it is keeping a cautious stand on digital assets in [...]

Shibarium witnesses a historic rise in gas fees ahead of a hard fork

May 3, 2024 | 07:10 am

Shibarium recently revealed that it was witnessing a historic rise in gas fees. This development coincided with a notable increase in the number of active users. The network has set the perfect stage for its upcoming L2 scalability solution upgrade. Even before its release, the much-anticipated hard fork is causing massive network shifts. The L2 …

SOL Price Jumps 7% on Franklin Templeton’s Support for Solana

May 3, 2024 | 07:08 am

Solana has gained 3.6% in the past day and 18% in the past three days as it reverses momentum after a horrid month in which SOL shed a quarter of its value. Solana’s ecosystem continues to grow, with technical analysts projecting that Jito (JTO) and Jupiter (JUP) will embark on a bull rally, but oracle [...]

The Bitgert Coin Buzz: What Makes It the Trending Crypto of the Month

May 3, 2024 | 07:03 am

Hurray! Bigerts has become the fastest-growing cryptocurrency in the crypto ecosystem. Since the introduction of Bitgert coin, its ecosystem has always provided investors with comprehensive projects that cover all aspects of cryptocurrency dealings. By solving problems in the crypto market and meeting the needs of investors through special projects and advanced developments. With the growth [...]

What the BSV blockchain is good for

May 3, 2024 | 07:00 am

Forbes may have named BSV as one of the "good-for-nothing" blockchains in the market, but developments on the blockchain network over the years prove otherwise. [...] Read More... The post What the BSV blockchain is good for appeared first on CoinGeek.

Option2Trade (O2T) CEX announcement triggers Shiba Inu (SHIB) and Pepe (PEPE) rally

May 3, 2024 | 07:00 am

The unexpected rally in Shiba Inu (SHIB) and Pepe (PEPE) following the CEX listing announcement of Option2Trade (O2T) demonstrates the complex interdependencies within the cryptocurrency market. This event highlights the influence of new market entrants and the broader market’s responsiveness to positive news, reaffirming the need for investors to stay attuned to developments across the …

Bitcoin Bull Run Over? BTC Is Near the ‘Fear Zone’

May 3, 2024 | 06:58 am

TL;DR Bitcoin’s value has dropped significantly after hitting an all-time high in late March, largely due to the influence of the “Fear and Greed Index” and a significant withdrawal from a principal investment vehicle. The Crypto Fear and Greed Index, which measures the collective emotional state of the cryptocurrency market, has fallen to 43, indicating “Fear”. This ... Read more

Shiba Inu’s Shibarium Completes Hard Fork and Promises Lightning-Fast Transactions and Predictable Gas Fees

May 3, 2024 | 06:50 am

TL;DR Shibarium, the layer 2 network of Shiba Inu, successfully completed its hard fork on May 2, offering lightning-fast transactions and predictable gas fees. The hard fork introduces fundamental changes in the network’s software, making the network more affordable and accessible for users. In addition to improving usability and performance, the update aims to foster ... Read more

Tether teams with Chainalysis for advanced market watch

May 3, 2024 | 06:48 am

Tether, a significant operator in the crypto industry, recently took action to ensure more security and transparency in the digital asset sector. The firm has made a deal with Chainalysis, which is well-known and is developing a very coherent and multi-dimensional solution to track secondary market activity for Tether’s stablecoin, USDT. Besides the initial purchase …

Bitbot’s Presale Hits $3 Million Milestone Following AI Development Upgrade

May 3, 2024 | 06:43 am

Bitbot, the innovative AI-powered Telegram trading bot, has surpassed a significant milestone, amassing over $3 million in its presale phase. This achievement follows the unveiling of its latest product enhancements, notably the integration of advanced AI capabilities into its blockchain analysis tool, Gem Scanner. The project’s presale has accelerated into stage 12 of its 15-stage […]

PEPE on the verge of Breakout: Analyst Predicts 80%-90% Bullish Wave

May 3, 2024 | 06:40 am

PEPE is a meme coin that has managed to catch people’s attention due to its sharp rise in price within the market. The fact that the surge has not died down means that it may still experience even higher highs soon enough. Moreover, what is even more surprising about this whole situation is that despite […]

New Solana meme coin with 10x potential

May 3, 2024 | 06:35 am

Meme coins have captured the imagination and wallets of cryptocurrency enthusiasts worldwide. The Solana market has seen significant growth in recent times, with meme coins like Solana, POPCAT, and DogWifHat experiencing significant gains. The market is expected to become even more bullish after April’s bitcoin halving uncertainty, creating a perfect storm for meme coins like …

Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Bybit IDO

May 3, 2024 | 06:34 am

Zurich, Switzerland, May 3rd, 2024, Chainwire Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community Member Grant Program. This initiative incentivizes both community creators and members for active engagement in the […] The post Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Bybit IDO appeared first on CoinJournal.

Why This Crypto Bull Run Might Not Live Up To The Past: Analyst

May 3, 2024 | 06:30 am

In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in previous cycles. His insights provide a deep dive into the underlying factors that could temper the [...] The post Why This Crypto Bull Run Might Not Live Up To The Past: Analyst appeared first on Crypto Breaking News.

XRP and Dogecoin Eye $50 Billion ‘Blowup’ in Valuation Despite Market Downturn

May 3, 2024 | 06:25 am

As the broader cryptocurrency market grapples with bearish trends, two notable altcoins, XRP and Dogecoin (DOGE), stand out.

Coinbase Q1 2024 update: Bold steps toward crypto freedom

May 3, 2024 | 06:25 am

A leading figure in the universe of cryptocurrency trading, Coinbase Global has recently unveiled its plans and fiscal targets for the first quarter of 2024. The company is committed to make cryptocurrency accessible to everyone and to promote independence in the international economy. Their Q1 2024 shareholder letter with an accompanying in-depth earnings call highlighted …

How can you own a genuine Banksy? The answer’s on the blockchain

May 3, 2024 | 06:21 am

10101.art, a ground-breaking art-tech platform, celebrated its official launch in Dubai’s Monada Art gallery this week. Bringing the power of the distributed ledger to the global art market, 10101.art leverages blockchain technology to make iconic works by Banksy, Warhol, Picasso, Dali, and others available for collective ownership. Alina Krot, CEO of 10101.art, sat down to […] The post How can you own a genuine Banksy? The answer’s on the blockchain appeared first on CoinJournal.

Michael Saylor Predicts SEC’s Summer Crackdown: Ethereum and Top Cryptos at Risk of Security Label

May 3, 2024 | 06:12 am

TL;DR Michael Saylor predicts that the SEC will classify Ethereum as a security this summer. This would result in the rejection of spot ETF applications. Other cryptocurrencies could face the same fate. The CEO emphasized Bitcoin’s position as the only cryptocurrency with full institutional acceptance, describing it as a universal institutional crypto asset without competition. ... Read more

Strengthening Stability: Tether Collaborates with Chainalysis to Safeguard Against Illicit Activity

May 3, 2024 | 06:08 am

TL;DR Tether, the issuer of the world’s largest stablecoin, USDT, has partnered with Chainalysis to monitor secondary market activity and combat illicit transactions. This collaboration aims to enhance oversight within the digital asset space by systematically tracking transactions involving USDT beyond direct trading with Tether. Tether has developed new tools that allow it to identify wallets that may pose ... Read more

Why Is PI Coin Price Up Today?

May 3, 2024 | 06:01 am

The planned date for the open mainnet launch in June is approaching, which could be another reason why the PI coin price is up today. The post Why Is PI Coin Price Up Today? appeared first on CoinChapter.

Introducing FlappyPedro: Play-2-Win Game from the real Pedro Dancing Racoon ($PEDRO) Creators, Alongside the Pre-Sale Launch

May 3, 2024 | 06:00 am

Get ready for double the excitement as The Real Pedro Dancing Racoon ($PEDRO) token creators unveil their first utility, FlappyPedro, alongside the pre-sale launch on the Solana blockchain.$PEDRO, inspired by the viral sensation Pedro the Dancing Raccoon, is here to bring joy and excitement to the world of meme tokens. With its captivating ticker symbol, […] The post Introducing FlappyPedro: Play-2-Win Game from the real Pedro Dancing Racoon ($PEDRO) Creators, Alongside the Pre-Sale Launch appeared first on CoinChapter.

Digital Transformation Summit announces DT50 winners list! Physical conference on May 8 & 9, 2024

May 3, 2024 | 06:00 am

The Digital Transformation Summit is proud to announce the inaugural DT50 winners list, recognizing the 50 most influential leaders shaping the digital future of the United Arab Emirates. The DT50 winners list celebrates visionaries, innovators, and disruptors who are driving significant advancements in technology, business, and society. These leaders have demonstrated exceptional leadership, creativity, and …

Saylor labels Ethereum a security, opposes Spot ETF

May 3, 2024 | 05:50 am

At the MicroStrategy World 2024 conference, executive chairman Michael Saylor boldly declared a possible game-changer for the cryptocurrency world. He audaciously stated that Ethereum (ETH) would fall under the security category instead of the commodity classification, which may confuse the whole structure. Such a statement has called for the question about the future of spot …

ICP Hub Portugal Launches Innovative ‘Ideathon’, Bringing New Web3 Ideas To Life!

May 3, 2024 | 05:45 am

Internet Computer Protocol (ICP) Hub Lisbon, the on-the-ground community for ICP developers and contributors in Portugal, has announced its next community event – the Ideathon. After the success of their well-attended and publicised March Hackathon, the hub is hosting a combined online boot camp and idea-pitching competition, with an IRL awards party in May Aspiring […] The post ICP Hub Portugal Launches Innovative ‘Ideathon’, Bringing New Web3 Ideas To Life! appeared first on CoinChapter.

Arthur Hayes Predicts Bitcoin (BTC) Rebound: Market Cleansing Sets Stage for Price Surge

May 3, 2024 | 05:32 am

TL;DR Arthur Hayes, former CEO of BitMEX, suggests that Bitcoin could be poised for a gradual recovery. He attributes the recent market downturn to various factors, including the tax season in the United States and uncertainty about Federal Reserve policies. BTC’s potential recovery could be driven by an increase in dollar liquidity, creating upward pressure ... Read more

Solana Labs teams up with Google Cloud to launch GameShift

May 3, 2024 | 05:30 am

Solana Labs and Google Cloud have recently announced a collaborative alliance, during which the latter will deploy its GameShift technology. This innovation will operate on the Google Cloud platform. This alliance aims to make it easier to integrate Web3 functionality into standard Web2 games. Therefore, game developers, irrespective of their scale, will have instant access …

Riding the MEME wave: BEFE coin’s journey to riches

May 3, 2024 | 05:20 am

The BEFE Coin has exploded onto the meme-coin scene from relative anonymity to an internet phenomenon. Find out how this very special cryptocurrency has found itself in the holdings of more and more investors and is beginning to announce its presence in a big way. BEFE: The new kid in the meme coin space In …

BlackRock Exec Reveals Huge Sovereign Wealth Fund Interest In Bitcoin As Second-Largest European Bank Acquires IBIT ETF Shares

May 3, 2024 | 05:13 am

BNP Paribas, the second-largest bank in the European Union (EU), has hopped on the spot Bitcoin exchange-traded fund (ETF) express.

Fidelity: Pension Funds Exploring Bitcoin Investments on ETF Approval

May 3, 2024 | 05:13 am

Fidelity, a major financial services firm, says pension funds are starting to explore investing in Bitcoin, particularly after the approval of spot Bitcoin exchange-traded funds earlier this year. BREAKING: Wall Street giant Fidelity says pension funds are beginning to explore #Bitcoin and crypto Gradually, then suddenly 🚀 pic.twitter.com/8vBz4Bf02t — Bitcoin Magazine (@BitcoinMagazine) May 3, 2024 Fidelity has [...] The post Fidelity: Pension Funds Exploring Bitcoin Investments on ETF Approval appeared first on Crypto Breaking News.

Bitcoin Events reveals details of upcoming Crypto Fest 2024 conference in South Africa

May 3, 2024 | 05:05 am

Bitcoin Events, Africa’s leading cryptocurrency event organizer, has revealed the details of this year’s Crypto Fest conference, a three-day conference that will take place in Cape Town in October. This year’s speakers at Crypto Fest 2024 include: Justin Sun, Founder of TRON Sandeep Nailwal, Co-Founder and COO of Polygon Raoul Pal, Co-Founder and CEO of […] The post Bitcoin Events reveals details of upcoming Crypto Fest 2024 conference in South Africa appeared first on CoinJournal.

Arkham Intelligence teams up with Telegram’s TON

May 3, 2024 | 05:05 am

In a new strategic partnership, The Open Network (TON), an enterprise that provides data analytics for blockchain technology, has partnered with Arkham Intelligence, a well-known entity in this area. This signifies that the powerful features and capabilities of Arkham’s blockchain intelligence will now be accessible to users who are connected to both platforms. Thanks to …

Unveiling Bitgert coin: The next big thing in crypto

May 3, 2024 | 04:45 am

Let’s take a walk through the currently trending Bitgert coin, a crypto coin that is about to become the next big thing in the crypto market. We are talking about a crypto project with features and innovations that rival Ethereum, Solana, and all other altcoins. If this sounds too good to be true, then it’s …

Terraform Lawyers Refuse SEC’s $4.7B Demand

May 3, 2024 | 04:45 am

Terraform Labs and its co-founder Do Kwon are pushing back against the U.S. Securities and Exchange Commission's (SEC) proposed multi-billion dollar penalties following an investor fraud ruling last year. Lawyers of Terraform Labs assert the SEC overstepped its jurisdictional authority and lacked evidence to justify harsh financial remedies. The post Terraform Lawyers Refuse SEC’s $4.7B Demand appeared first on CoinChapter.

Galaxis Prepares for Token Launch on Bybit and Announces $1 Million Creator and Community Member Grants

May 3, 2024 | 04:30 am

Galaxis is getting ready for the upcoming token launch on Bybit, starting with the initial phase through the IDO. In order to amplify this launch, Galaxis has unveiled an impressive $1,000,000 Community Creator and Community Member Grant Program. This initiative encourages and rewards community creators and members for their active participation in the Galaxis ecosystem. […]

Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating

May 3, 2024 | 04:30 am

The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the horizon in the absence of a full-blown market capitulation. Measured Retreat, Not Mass Exodus Following [...] The post Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating appeared first on Crypto Breaking News.

Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Bybit IDO

May 3, 2024 | 04:17 am

Zurich, Switzerland, May 3rd, 2024, Chainwire Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community Member Grant Program. This initiative incentivizes both community creators and members for active engagement in the […] The post Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Bybit IDO appeared first on CoinChapter.

Bitcoin Bottoms Forming? Analyst Says Don’t Miss The Chance To Buy

May 3, 2024 | 04:00 am

Bitcoin has been on a wild ride in recent months. After hitting a new all-time high of $73,800, the volatile cryptocurrency has since pulled back over 20% to around $59,675. However, many analysts see this as a potential buying opportunity rather than a reason to panic. According to research from crypto exchange Bitfinex, several on-chain […]

Tether touts profits and new ‘compliance’ plan, loses transaction war with USDC

May 3, 2024 | 04:00 am

Tether claimed to have generated a profit of over $4.5 billion in the first three months of 2024, but while its gains seemed rosy, the USDT issuer still couldn't get a break from its alleged criminal ties. [...] Read More... The post Tether touts profits and new ‘compliance’ plan, loses transaction war with USDC appeared first on CoinGeek.

Nigerian BICCoN calls for crypto exchanges round table with SEC chief amid crackdown

May 3, 2024 | 03:54 am

Recently, crypto exchanges like Binance have found themselves under serious scrutiny in Nigeria The BICCoN-led initiative for a meeting between the SEC chief and crypto exchanges reflects a commitment to fostering a conducive crypto environment. The outcome of the discussions holds the potential to shape the future trajectory of crypto regulation in Nigeria. Nigeria’s cryptocurrency […] The post Nigerian BICCoN calls for crypto exchanges round table with SEC chief amid crackdown appeared first on CoinJournal.

Top Crypto News Of The Day: Bitcoin, Coinbase, and More!

May 3, 2024 | 02:52 am

Here is the top crypto news of the day curated by CoinChapter.com. The post Top Crypto News Of The Day: Bitcoin, Coinbase, and More! appeared first on CoinChapter.

Block’s Bitcoin Integration Blueprint Revealed

May 3, 2024 | 02:30 am

Block, formerly known as Square, has embarked on an ambitious initiative to further integrate Bitcoin into its ecosystem, reinforcing its commitment to cryptocurrency and blockchain innovation. This strategic move is outlined in their recently released Bitcoin Blueprint, which details the company’s vision and efforts to leverage BTC to enhance financial systems globally. The blueprint showcases […]

Tokyo to promote digital securities on blockchain and subsidize setup costs

May 3, 2024 | 02:00 am

The Tokyo Metropolitan Government has updated its subsidy program for businesses issuing securities using blockchain, aiming to show how the technology allows issuers and investors to connect directly. [...] Read More... The post Tokyo to promote digital securities on blockchain and subsidize setup costs appeared first on CoinGeek.

ASIC Scores Legal Victory: BPS Financial Found Guilty in Qoin Wallet Case

May 3, 2024 | 01:31 am

The Federal Court has found BPS Financial Pty Ltd (BPS) guilty of engaging in unlicensed conduct concerning the 'Qoin Wallet', a non-cash payment facility utilizing a crypto-asset token known as 'Qoin.' The judgment was delivered by Justice Downes in proceedings brought by ASIC.Further Proceedings Ordered by the Court The court determined that BPS, from January 2020 onwards (with a brief exception of a 10-month period), violated the Corporations Act by lacking an Australian Financial Services Licence. Furthermore, BPS was not authorized by any licensee to issue or provide financial advice regarding the Qoin Wallet. Justice Downes also found BPS guilty of misleading or deceptive conduct and propagating false representations about the Qoin Wallet.Among the misleading claims, BPS falsely asserted that the Qoin Wallet was officially registered or approved, misrepresented its usability for purchasing goods and services from Qoin merchants, and misled consumers regarding the exchangeability of Qoin tokens for other crypto-assets or currencies. The court disclosed that prior to November 2021, the only digital currency exchange accepting Qoin was BTX Exchange, which had affiliations with BPS and did not facilitate independent exchanges of crypto assets. The court has mandated the involved parties to discuss further proceedings, including penalties, to address the remaining issues in the case. These deliberations are slated to occur later in 2024.The Federal Court has found BPS Financial engaged in unlicensed conduct over a non-cash payment facility which used a #crypto asset token called Qoin https://t.co/tHQkU9lUpQ pic.twitter.com/2bWhGGyhej— ASIC Media (@asicmedia) May 3, 2024Legal Scrutiny over Sales Practices of Payment FacilityBPS aggressively promoted Qoin tokens to both retail consumers and business owners, colloquially termed 'Qoin Merchants,' as a method of payment for goods and services. As of September 30, 2022, the Qoin Wallet had been issued over 93,000 times, with BPS accumulating over $40 million from Qoin Token sales. Justice Downes affirmed that the Qoin Wallet constituted a financial product, specifically categorizing it as a non-cash payment facility.Joe Longo, ASIC Chair, said: “Crypto assets are highly volatile, inherently risky, and complex. This makes it critically important that providers have the appropriate licences and authorisations, and that investors are provided with clear and accurate information. This case is an important reminder that many crypto products are financial products and that providers need to hold a licence.” This article was written by Tareq Sikder at www.financemagnates.com.

TON’s Wallet Growth Skyrockets 110%, Beating Bitcoin

May 3, 2024 | 01:20 am

The Open Network’s native token, TON, is leading the altcoin pack with a remarkable surge of 110% growth in non-empty wallets over the past six months. Bitcoin may have the most non-empty wallets, but TON’s growth is the fastest in this category. This surge in wallet activity positions TON as a standout performer in the […]

Shiba Inu Purchases with PayPal Now Possible via MoonPay

May 3, 2024 | 00:42 am

The buying experience for Shiba Inu enthusiasts has elevated after PayPal teamed up with leading fintech firm MoonPay to allow direct purchases of SHIB and other crypto currencies. This integration is aimed at simplifying digital asset transactions for users across the United States. As per the official blog post, current PayPal users can take advantage […]

Will Omniscape be the unicorn of BSV blockchain?

May 3, 2024 | 00:00 am

Omniscape CEO and Co-Founder Robert Rice joined the CoinGeek Weekly Livestream, talking about the metaverse, AR/VR, and what his company is currently working on. [...] Read More... The post Will Omniscape be the unicorn of BSV blockchain? appeared first on CoinGeek.

Why is Solana (SOL) price up today?

May 2, 2024 | 23:34 pm

Solana's price recovered on May 1 following the recent crypto market plunge, which saw Bitcoin drop below $57,000. The post Why is Solana (SOL) price up today? appeared first on CoinChapter.

PEPE Price Prediction – 15% Surge Sets Stage For Run To New ATH

May 2, 2024 | 23:25 pm

PEPE price rallied from the $0.00000515 support. It cleared the $0.00000750 resistance and eyes more upsides toward the $0.000010 level. The post PEPE Price Prediction – 15% Surge Sets Stage For Run To New ATH appeared first on CoinChapter.

Asia-Pacific navigates diverse stablecoin regulations, experts weigh in

May 2, 2024 | 22:00 pm

As APAC countries navigate the complex landscape of stablecoin regulations, industry stakeholders must tread carefully, balancing innovation and compliance in the market. [...] Read More... The post Asia-Pacific navigates diverse stablecoin regulations, experts weigh in appeared first on CoinGeek.

Roger Ver’s arrest is bad news for some, good news for the rest of us

May 2, 2024 | 21:00 pm

Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s history as ‘crypto’ crooks turn on each other to save their own skins. [...] Read More... The post Roger Ver’s arrest is bad news for some, good news for the rest of us appeared first on CoinGeek.

ChatGPT faces new rival AI model amid Austrian lawsuit for hallucinations

May 2, 2024 | 20:00 pm

An Austrian NGO accuses OpenAI of being unable to amend incorrect info on ChatGPT, which it says violates the EU’s GDPR framework amid increasing competition. [...] Read More... The post ChatGPT faces new rival AI model amid Austrian lawsuit for hallucinations appeared first on CoinGeek.

Bitcoin’s $59K Support Breach Triggers $120 Million Futures Liquidation: Report

May 2, 2024 | 18:30 pm

A well-known analytical platform CryptoQuant has just given some interesting insights into the Bitcoin market after a substantial breakdown of the important $59K support level. In their most recent analysis, BTC/USDT perpetual futures saw around $120 million of longs liquidated on the back of this news. Source: Image by CryptoQuant Although this liquidation value is […]

Coinbase Earnings Explode in 2024 – Retail Investors Return?

May 2, 2024 | 17:34 pm

Coinbase, the leading cryptocurrency exchange, reported staggering Q1 2024 earnings, fueled by a remarkable surge in retail volume and transaction revenue across consumer and institutional clients. The cryptocurrency exchange giant generated a staggering $1.6 billion in revenue, showcasing impressive growth that has piqued interest in the crypto market’s revival. Transaction revenue, the lifeblood of Coinbase’s […] The post Coinbase Earnings Explode in 2024 – Retail Investors Return? appeared first on CoinChapter.

Binance’s Anjarwalla to Face Extradition to Nigeria After Fleeing

May 2, 2024 | 17:04 pm

NAIROBI (Coinchapter.com) – Binance’s Nadeem Anjarwalla, an executive of the company implicated in tax evasion and money laundering charges, faces extradition to Nigeria. Garba Umar, Vice President of INTERPOL’s Africa Executive Committee, announced the move on Channels Television’s “Sunrise Daily.” Moreover, Umar explained that they are employing international protocols to ensure Anjarwalla’s extradition to Nigeria. […] The post Binance’s Anjarwalla to Face Extradition to Nigeria After Fleeing appeared first on CoinChapter.

Coinbase Rides Bitcoin ETF Wave as Profits Soar past $1B in Q1

May 2, 2024 | 16:36 pm

Coinbase has released its first quarter report for 2024, showcasing a substantial 72% quarter-on-quarter increase in total revenue to $1.6 billion. This surge was accompanied by a notable net income of $1,176 billion, representing an increase of 1,588% YoY. This figure represents a turnaround from a net loss of $79 million in the same period last year. Compared to last quarter, Coinbase's net income surged 331%.The cryptocurrency exchange experienced an uptick in its market share across US spot and derivatives trading, along with reaching record highs in Coinbase Prime usage and USDC market capitalization. According to the company, notable international operations significantly contributed to the overall growth.Impact of Bitcoin ETFsCoinbase mentioned: "While we cannot attribute the increase in market capitalization to a specific driver, we believe this increase was influenced by a variety of factors, such as the launch of the Bitcoin ETFs, which have experienced over $11 billion in net inflows so far in 2024."Adjusted EBITDA increased from $324 million in the previous quarter to $1.014 billion, compared to $287 million reported in the first quarter of last year. Looking ahead, Coinbase anticipates continued momentum in Q2 2024, with robust projections in transactions, subscription, and service revenue.Recently, the crypto exchange secured registration as a restricted dealer from the Canadian Securities Administrators. This achievement marked an important moment in Coinbase's global expansion efforts, positioning it as the first international crypto exchange to attain registration in Canada. The approval in Canada added to Coinbase's growing list of registrations in key countries worldwide, including France, Spain, Singapore, Italy, Ireland, and the Netherlands. Meanwhile, in the United States, a federal judge in Manhattan recently permitted the US Securities and Exchange Commission to proceed with a lawsuit against Coinbase, albeit dismissing one claim.Navigating Regulatory HurdlesSpeaking about these regulatory challenges, Coinbase said: "On the legislative front, we are seeing a step change among key leaders in Washington DC aligning on the need for stablecoin legislation, which we believe is a hopeful sign that broader crypto legislation will eventually materialize in the US." The SEC sued Coinbase last June for violations of securities regulations related to the trading of certain crypto tokens. Central to the legal dispute is the interpretation of crypto assets as securities, with the SEC relying on established legal precedents to support its case. This article was written by Jared Kirui at www.financemagnates.com.

US Bitcoin ETFs Bleed Record-Breaking $563 Million As BlackRock’s IBIT Posts First Day Of Outflows

May 2, 2024 | 15:57 pm

The months-long torrent of money flowing into the formerly red-hot Bitcoin exchange-traded funds (ETFs) has finally stalled.

AppLayer Launches Revolutionary EVM Network and $1.5 Million Incentive Program

May 2, 2024 | 15:47 pm

AppLayer has announced the launch of a groundbreaking Ethereum Virtual Machine (EVM) network, which will introduce unparalleled speed and efficiency to blockchain application development. This network delivers lightning-fast transaction speeds and offers a new Ethereum Virtual Machine (EVM) development approach for DeFi and GameFi developers. The platform boasts a remarkable tenfold increase in transaction speeds […]

Pi Network Shilling Campaign Continues, Despite Recent Spike In Scams

May 2, 2024 | 14:53 pm

Pi Network, the mobile-based crypto mining project, seems to have either the most dedicated shilling team or the most deluded fan following. The post Pi Network Shilling Campaign Continues, Despite Recent Spike In Scams appeared first on CoinChapter.

Binance Executives’ Trial in Nigeria Adjourned to May 17

May 2, 2024 | 14:26 pm

NAIROBI (Coinchapter.com) – A Nigerian court has postponed the high-profile trial of Binance executives Tigran Gambaryan and Nadeem Anjarwalla until May 17, citing delays in serving crucial documents to the defense team. This latest development adds another layer of complexity to the ongoing saga between Binance and Nigerian authorities. The exchange and Binance executives themselves, […] The post Binance Executives’ Trial in Nigeria Adjourned to May 17 appeared first on CoinChapter.

Aamir Khan Arrested by ED in Crypto Scam Case

May 2, 2024 | 14:23 pm

In a crackdown on financial fraud, the ED arrested Aamir Khan, a key figure allegedly behind a crypto-related online scam. The post Aamir Khan Arrested by ED in Crypto Scam Case appeared first on CoinChapter.

Bitbot’s Presale Passes $3M After AI Development Update

May 2, 2024 | 14:02 pm

London, United Kingdom, May 2nd, 2024, Chainwire AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due […] The post Bitbot’s Presale Passes $3M After AI Development Update appeared first on CoinChapter.

XRP to Replace the Dollar? Crypto Pundit Predicts Major Role for Ripple’s XRP Ledger in Japan

May 2, 2024 | 11:58 am

This bold statement comes as Ripple makes strides in introducing XRP Ledger-based solutions to the Japanese market.

PayPal Partners with MoonPay to Expand Crypto Adoption in the US

May 2, 2024 | 10:02 am

MoonPay has partnered with PayPal to introduce a crypto purchasing option for cryptocurrency app users in the US. This service enables users to use PayPal for transactions via wallet transfers, bank transfers, and debit cards. The integration promises to enhance the accessibility and convenience of buying and trading cryptocurrencies by bridging the gap between traditional financial services and the crypto market.Expanding Crypto AccessibilityAccording to the announcement on X, the collaboration between MoonPay and PayPal signifies a significant milestone in the journey towards mainstream adoption of cryptocurrencies. Users have access to a wider range of digital assets as PayPal extends its offering of crypto tokens through MoonPay. Additionally, PayPal's integration into MoonPay's ecosystem represents a significant achievement in overcoming barriers to cryptocurrency adoption. Traditional banks have often imposed restrictions on transactions related to cryptocurrencies, leading to frustrations among users. This collaboration opens up new avenues for individuals seeking to invest in cryptocurrencies.🌙 Exciting news from MoonPay! 💳Today, we're thrilled to announce a game-changing integration: MoonPay has partnered with @PayPal to offer seamless fiat-to-crypto transactions for users in the U.S.!🧵👇 pic.twitter.com/N3kobMR2ru— MoonPay 🟣 (@moonpay) May 2, 2024"MoonPay allows PayPal users to buy and sell 110+ cryptocurrencies, not just limited options like PYUSD or ETH. For existing PayPal users, the integration streamlines transactions, eliminating the need to manually input card information. Buying crypto on MoonPay becomes as easy as a few clicks," MoonPay noted.Bridge Between Fiat and CryptoLast year, PayPal entered the cryptocurrency space after launching a stablecoin fully backed by the US dollar. Dubbed PYUSD, the launch of the digital asset marked a significant step towards bridging the gap between traditional fiat currency and the rapidly evolving digital asset space.PYUSD, developed in collaboration with Paxos Trust Company, is a digital asset anchored by US dollar deposits, short-term US Treasuries, and similar cash equivalents. This backing ensures that each unit of PYUSD is redeemable at a 1:1 ratio for US dollars.With PYUSD, PayPal users can transfer the stablecoin between their PayPal accounts and compatible digital wallets. To ensure transparency, Paxos will regularly publish a report outlining the financial instruments backing PYUSD. This article was written by Jared Kirui at www.financemagnates.com.

Wen $1 DOGE Price? Historical Data Predicts Incoming Face-Melting Rally For Dogecoin

May 2, 2024 | 10:01 am

Despite the mushrooming of meme coins in the market, Dogecoin is unlikely to fade into obscurity owing to its robust community of fanatics.

FBI Arrests Manhattan Man Accused Of Defrauding Investors $43 Million In Crypto Trading Ponzi Scheme

May 2, 2024 | 09:52 am

The Federal Bureau of Investigation (FBI) arrested a Manhattan man, Idin Dalpour, on Wednesday morning for allegedly orchestrating a sophisticated multi-year Ponzi scheme.

Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents

May 2, 2024 | 09:48 am

In a legal saga that has captured international attention, a Nigerian court has adjourned the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the exchange informed the court that he had not been served with the essential documents necessary to prepare for the case.Legal Proceedings Adjourned Binance, along with its executives Tigran Gambaryan and Nadeem Anjarwalla, find themselves embroiled in legal proceedings alleging money laundering exceeding $35 million and engaging in specialized financial activities without the requisite license. Gambaryan, a US citizen and head of financial crime compliance, and Anjarwalla, a British-Kenyan serving as a regional manager for Africa, stand accused in this high-stakes trial.During Thursday's court session, Binance's legal representative raised concerns about not receiving the additional proof of evidence crucial for preparing the defence. The lawyer highlighted the necessity of this documentation for adequately commencing the trial. However, he was promptly served with the over 300-page document while in court.Nigeria court adjourns Binance and execs trial to May 17 https://t.co/OPE4vXonkt pic.twitter.com/3WWzWeAB0E— Reuters Africa (@ReutersAfrica) May 2, 2024Judge Delays Binance Trial for Evidence ReviewResponding to the developments, the presiding judge opted to adjourn the proceedings to allow Binance's legal team ample time to scrutinize the provided evidence before the trial reconvenes on May 17.In addition to the ongoing money laundering case brought forth by Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC), Binance and its executives face another legal hurdle. They are also implicated in four counts of tax evasion, a separate trial for which is set to resume concurrently on May 17.Earlier, Finance Magnates reported that two senior executives' detention raised concerns over diplomatic relations and cryptocurrency regulations. Authorities accused Binance of currency speculation, demanding user data to stabilize the devalued naira. President Tinubu's administration sees crypto exchanges as threats to reforms attracting foreign investment. This article was written by Tareq Sikder at www.financemagnates.com.

Option2Trade (O2T) Presale Nears $5 Million Raised, Can it Compete with ADA and Arbitrum (ARB) Since CEX Listing?

May 2, 2024 | 09:45 am

As the presale for Option2Trade (O2T) approaches the impressive milestone of $5 million raised, the cryptocurrency community is buzzing with speculation about its potential to stand shoulder-to-shoulder with giants like Cardano (ADA) and Arbitron (ARB). With a recent listing on a centralized exchange (CEX), Option2Trade (O2T) is poised to transition from a promising new entrant […]

Quickex Expands Crypto Options with Over 200 Coins Available On Its Exchange Platform

May 2, 2024 | 09:32 am

Quickex, a state-of-the-art cryptocurrency exchange platform, proudly announces that it has successfully supported more than 200 coins on its platform. This groundbreaking development will transform how users trade and enhance their overall trading experiences. This forward-thinking move demonstrates Quickex’s commitment to meeting its users’ evolving demands and maintaining its position in the competitive crypto exchange […]

Riot Platforms’ Record $211.8M Q1 Net Income Boosted by Bitcoin Surge

May 2, 2024 | 08:41 am

NAIROBI (Coinchapter.com) – Riot Platforms‘ record profitability defied expectations in the first quarter of 2024. Despite the rising difficulty and costs of Bitcoin mining, the company achieved record-breaking net income. This surge is mainly due to Bitcoin’s remarkable increase in price, demonstrating the lucrative potential of the crypto industry. The financial results indicate that Riot […] The post Riot Platforms’ Record $211.8M Q1 Net Income Boosted by Bitcoin Surge appeared first on CoinChapter.

AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program

May 2, 2024 | 08:33 am

Panama City, Panama, May 2nd, 2024, Chainwire AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers. AppLayer offers an EVM network that’s 10 […] The post AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program appeared first on CoinChapter.

FBI Exposes $43M Crypto and Hospitality Fraud

May 2, 2024 | 08:16 am

Notably, Damian Williams, the U.S. Attorney for the Southern District of New York, and James Smith from the FBI's New York office arrested Idin Dalpour, a New York resident accused of masterminding a $43 million crypto Ponzi fraud, intertwining a Las Vegas hospitality business and a cryptocurrency trading operation. The post FBI Exposes $43M Crypto and Hospitality Fraud appeared first on CoinChapter.

U.S. Prosecutors Probe Jack Dorsey’s Block Inc. Over Alleged Sanctions Violations

May 2, 2024 | 07:40 am

Federal prosecutors are investigating Jack Dorsey's fintech company, Block, Inc., for alleged violations involving sanctioned countries and terrorist groups. This probe, led by the U.S. Attorney's Office for the Southern District of New York, centers on accusations that Block's payment platforms, Square and Cash App, processed transactions in breach of U.S. economic sanctions and anti-money laundering statutes. The post U.S. Prosecutors Probe Jack Dorsey’s Block Inc. Over Alleged Sanctions Violations appeared first on CoinChapter.

How to get to London Blockchain Conference 2024: CoinGeek’s top travel tips

May 2, 2024 | 06:00 am

Traveling to London for the London Blockchain Conference can be cumbersome for foreign attendees, but we're here to ensure you have less to worry about with our travel tips. [...] Read More... The post How to get to London Blockchain Conference 2024: CoinGeek’s top travel tips appeared first on CoinGeek.

Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving

May 2, 2024 | 06:00 am

Bitget has released its latest Proof of Reserves (PoR) report for April 2024, highlighting a Bitcoin reserve ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event.Exceeding $2.7B in ReservesBitget's PoR report disclosed a total reserve ratio of 176%, with that of ether reaching 229%. According to the crypto exchange, this update strengthens its commitment to transparency and financial stability. The exchange has implemented additional measures, such as a protection fund and monthly valuations, to mitigate risks.Gracy Chen, the Managing Director at Bitget, mentioned: "Bitget is unwavering in its commitment to transparency and financial stability. Our latest PoR update reinforces our dedication to safeguarding user assets and upholding the highest accountability standards. With a total reserve ratio of 176%, Bitget continues to lead by example in the cryptocurrency exchange industry."On April 22, 2024, Bitget's total reserves exceeded $2.7 billion. The company plans to conduct routine audits to ensure continuous visibility into its reserves. The latest update highlighted a significant upsurge in USDT and ETH user assets by 51% and 46%, respectively, since January 2024.Last month, Bitget recorded impressive growth in the first quarter, with a significant increase in trading volumes and the value of its native token, BGB. Bitget's futures trading volume jumped to $1.4 trillion, marking an increase of 146% from the previous quarter.Growth in Trading Volumes The exchange experienced substantial growth in derivatives market share, with a 2.4% surge in March. Concurrently, spot trading volume surged by 113%, exceeding $60 billion during the same period.The surge in Bitget's trading volumes aligns with the broader trend observed across the cryptocurrency industry. According to Finance Magnates Intelligence, spot volumes for major cryptocurrency exchanges surged by 119% in March compared to the previous year and over 100% compared to February.However, Bitcoin mining farms are adjusting to the aftermath of the halving event. For instance, Bitfarms plans to invest $240 million to triple its current hash rate capacity to 21 exahashes per second to remain competitive, Cointelegraph reported. This move occurred after Bitfarms reported its lowest monthly earnings over two years.Bitfarms, like many other miners, experienced the impact of the Bitcoin halving, with its April earnings hitting a concerning low. Despite earning 269 Bitcoin in mining rewards and transaction fees, this figure was 6% lower than the previous month and 29% lower year-over-year. This article was written by Jared Kirui at www.financemagnates.com.

How to Add Mode Network to MetaMask

May 2, 2024 | 04:48 am

MetaMask is a popular cryptocurrency wallet and decentralized application browser extension. Adding the Mode Network to MetaMask allows users to easily access and interact with various decentralized finance applications and tokens. In this article, we will guide you through the steps to seamlessly integrate the Mode Network into your MetaMask wallet, unlocking a world of ... Read more

‘Bitcoin Jesus’ Arrested in Spain for Evading $48 Million in US Taxes

Apr 30, 2024 | 22:25 pm

Roger Ver, an early investor in Bitcoin and now an advocate of Bitcoin Cash, was arrested last weekend in Spain on US-brought criminal charges of mail fraud, tax evasion, and filing false tax returns. The authorities in the United States will now seek his extradition.According to an announcement by the Justice Department yesterday (Monday), Ver evaded at least $48 million in taxes in the United States.The Face of Bitcoin CashVer is a vocal crypto advocate who even gained the title of “Bitcoin Jesus” in the early years of cryptocurrency adoption. However, he disagreed with the majority of the Bitcoin miners who opposed changes to the blockchain, leading to the creation of Bitcoin Cash. Ver became a strong advocate for Bitcoin Cash.According to the latest announcement, Ver obtained citizenship from St. Kitts and Nevis in early 2014 and renounced his US citizenship. However, he continued to own MemoryDealers and Agilestar, two US-incorporated companies that sold computer and networking equipment.An Early Bitcoin InvestorThe US authorities allege that Ver began acquiring Bitcoins for himself and his companies as early as 2011. However, he failed to pay an “exit tax” allegedly during his expatriation. He is even accused of concealing information from a law firm he hired, resulting in the filing of false tax returns.“As a result of his expatriation, Ver allegedly was required under US law to file tax returns that reported capital gains from the constructive sale of his worldwide assets, including the Bitcoins, and to report the fair market value of his assets. He was also allegedly required to pay a tax – referred to as an “exit tax” – on those capital gains,” the Justice Department noted.The estimates of the US authorities show that Ver and his companies owned approximately 131,000 Bitcoins when he obtained St. Kitts and Nevis citizenship. The two companies held 73,000 of those Bitcoins.“Ver allegedly provided or caused to be provided false or misleading information to the law firm and appraiser that concealed the true number of Bitcoins he and his companies owned,” the Justice Department added. “As a result, the law firm allegedly prepared and filed false tax returns that substantially undervalued the two companies and their 73,000 Bitcoins and did not report that Ver owned any Bitcoins personally.”Furthermore, Ver sold “tens of thousands” of Bitcoins in November 2017 for about $240 million in cash. According to the US authorities, he needed to report the gains to the IRS and pay tax on the dividends he received from the two US-incorporated companies.“Ver’s 2017 individual income tax return did not report any gain or pay any tax related to the distribution of MemoryDealers’ and Agilestar’s Bitcoins to him,” the Justice Department noted. “In total, Ver is alleged to have caused a loss to the IRS of at least $48 million.” This article was written by Arnab Shome at www.financemagnates.com.

Revolut's Former Exec Launches $6.5M Crypto Exchange

Apr 30, 2024 | 13:38 pm

The former Head of Crypto Operations at Revolut, Ruslan Fakhrutdinov, has launched a cryptocurrency exchange with an investment of $6.5 million. Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund are some of the investors in the new exchange dubbed X10.Self-Custody and On-Chain SettlementAccording to the press release, executives from Revolut and the Founder of Lido, Konstantin Lomashuk, have invested in the crypto platform. X10 combines aspects of a centralized exchange and a decentralized finance (DeFi) platform. It promises full self-custody of digital assets and on-chain settlement of transactions."With X10, we want to give our users and traders the best of both worlds. Imagine the features and the speed of Coinbase or Binance but with full self-custody," Fakhrutdinov said. The FTX situation, where users only got back a third of their funds, serves as a wake-up call for the industry. It urges us to reinforce trust and efficiency in crypto trading through on-chain trade settlement, validation, and self-custody." X10's hybrid model promises to instill trust and efficiency in crypto trading, providing users with a solution that combines the best of CeFi and DeFi. The exchange operates as a hybrid central limit order book and handles order processing and matching off-chain. CeFi and DeFiAccording to the firm, this approach enhances market makers' capabilities, resulting in updated prices, tighter spreads, deeper liquidity, and an enhanced user experience. Notably, trade settlement occurs on-chain via the StarkEx Layer 2 engine. X10 uses on-chain settlement and validations, as well as independent Oracle price providers.Additionally, X10 features multiple trading sub-accounts, order types customizable to the web, and comprehensive market analytics. The exchange expects to launch a mobile app and integrate Telegram bot functionalities. With the upcoming mobile app and Telegram bots, X10 expects to deliver a holistic trading experience across diverse platforms.Last year, Revolut launched crypto trading services in New Zealand, providing access to over 100 digital currencies. The company's decision to venture into the New Zealand crypto market signaled its commitment to global expansion and diversification. This move grants customers access to educational resources for aspiring crypto traders. This article was written by Jared Kirui at www.financemagnates.com.

Breaking: Binance's Changpeng Zhao Handed Four Months in Prison

Apr 30, 2024 | 12:45 pm

Binance's Founder, Changpeng Zhao, has been sentenced to four months in prison after pleading guilty to charges related to allowing money laundering on the cryptocurrency exchange, the Financial Times reported. The sentence, handed down in a Seattle federal court, marked a significant development in the ongoing legal battles involving Binance and Zhao. Plea Deal and SentencingZhao's sentencing occurred after he struck a deal with the U.S. government in November to resolve a longstanding investigation into Binance. As part of the settlement, Zhao agreed to step down as the exchange's CEO. The sentence issued is less severe despite federal prosecutors seeking a three-year prison term. The defense had advocated for five months of probation, while sentencing guidelines suggested a term of 12 to 18 months. Zhao was convicted of willfully failing to implement effective anti-money laundering programs on Binance as required by the Bank Secrecy Act.Additionally, he is convicted of allowing Binance to process transactions involving proceeds of unlawful activity, including those between Americans and individuals in sanctioned jurisdictions. As part of the resolution, Binance was ordered to pay $4.3 billion in fines last year. Zhao agreed to personally pay a fine worth $50 million.Binance’s former chief Changpeng Zhao sentenced to 4 months in jail https://t.co/vySulvvr7W— Financial Times (@FT) April 30, 2024Pending Legal BattlesBeyond Zhao's sentencing, Binance faces other legal challenges. The exchange was separately sued by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over allegations of mishandling customer assets and operating an illegal and unregistered exchange in the US.Early this year, a federal judge rejected Zhao's request to travel to the United Arab Emirates. The judge denied the plea due to concerns about flight risk despite Zhao offering substantial collateral, including his equity in Binance.Meanwhile, the Securities and Exchange Commission (SEC) of the Philippines recently took action against Binance. According to the regulator, the leading crypto exchange has continued to operate without the required license despite warnings dating back to November 2023. The SEC's action includes a formal request to the National Telecommunications Commission to block Binance's website and associated web pages.Binance's regulatory woes are not limited to the Philippines. Regulatory bodies worldwide have intensified scrutiny of the exchange's activities, citing investor protection and compliance concerns. Binance has encountered regulatory hurdles from France to Nigeria, comprising warnings and lawsuits. This article was written by Jared Kirui at www.financemagnates.com.

Australia Gears Up for Bitcoin ETFs: ASX Leads the Charge

Apr 29, 2024 | 07:23 am

Australia is preparing to join Bitcoin exchange-traded fund (ETF) bandwagon. The country's primary equity exchange, ASX Ltd, is anticipated to approve the launch of Bitcoin ETFs following similar approvals in the US and Hong Kong, Bloomberg reported. Australia Prepares for Crypto ETFsThis year, US Bitcoin ETFs accrued an impressive $53 billion, reflecting a growing interest in cryptocurrencies among investors. Notable players like Van Eck Associates Corp. and BetaShares Holdings Pty are expected to introduce ETFs in Australia. The firms seek to capitalize on the crypto resurgence that recently pushed Bitcoin to a record high of over $70,000.ASX, responsible for most equity trading in Australia, is reportedly evaluating applications for spot Bitcoin ETFs. Although the exchange has not confirmed the exact timeline, insiders suggest that approvals could come before the end of the year. This move marks a significant milestone in Australia's crypto investment landscape. It could potentially create investment opportunities for institutional and retail investors. Australia's $2.3 trillion pension market is poised to play an important role in driving inflows into Bitcoin ETFs. Individual investors can diversify their portfolios because a substantial portion of retirement assets are under self-managed superannuation programs. These self-managed funds could emerge as significant buyers of spot-crypto funds as interest in cryptocurrencies surges. Pensioners are expected to tap into the potential of digital assets as alternative investments.Australia Renews Push for Bitcoin ETFsWhile the surge in applications for Bitcoin ETFs marks a new chapter for Australia's crypto market, it is not the first time the country has attempted to launch crypto ETFs. Previous endeavors, such as Cosmos Asset Management's spot-Bitcoin ETF in 2022, experienced low uptake and were eventually delisted. However, the industry is optimistic due to the success of US Bitcoin ETFs and the evolving market dynamics.Last year, Australia introduced a proposal to tighten regulations for cryptocurrency trading. Under the proposal, crypto exchanges operating in the country must obtain licenses from the Australian Securities and Investment Commission. This initiative seeks to address concerns about consumer protection and the need to mitigate risks associated with the expanding crypto market. Exchanges holding assets exceeding US$ 3.2 million (AU$ 5 million) or managing funds totaling more than US$ 946 (AU$ 1,500) per individual must obtain the licenses. This article was written by Jared Kirui at www.financemagnates.com.

Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure

Apr 29, 2024 | 07:00 am

Prometheum Capital has announced a strategic partnership with Broadridge Financial Solutions (NYSE: BR) to bolster its post-trade lifecycle and back-office operations. The firm gears up to introduce a custody, clearing, and settlement services suite for digital asset securities.Prometheum Partners with Broadridge to Enhance Post-Trade OperationsPrometheum will leverage Broadridge's Shadow Post Trade Processing Solution and Business Process Outsourcing tools. These solutions encompass a wide range of capabilities, including bookkeeping, trade capture, reconciliations, and regulatory reporting. "Collaborating with Broadridge is a pivotal step in our business strategy,” Benjamin Kaplan, the CEO of Prometheum, stated. “Their support is instrumental in advancing our mission of creating a well-regulated and efficient ecosystem for digital asset securities."This partnership follows several significant achievements for Prometheum in 2024, such as the appointment of Albert P. Meo as the CFO and the company's declaration of its intent to offer ETH custodial services. Prometheum plans to initiate its custodial services within this quarter.“By combining our expertise with Prometheum's vision, we are empowering investors and businesses while shaping the future of the financial industry,” added Zachary Dea, the Director and Head of Product for the Shadow Post Trade Processing Solution at Broadridge.Since its inception in 2017, Prometheum has been actively engaged in the cryptocurrency arena. Within the first twelve months of its operations, the company launched the first SEC-compliant ICO trading platform. Broadridge and the Digital Assets MarketBroadridge has also made significant inroads into the cryptocurrency, digital assets, and blockchain technology sectors. Notably, in 2022, the company forged a strategic partnership with Coinbase. This collaboration aimed to enhance interoperability between Coinbase Prime and Broadridge's Trading and Connectivity Solutions' NYFIX order-routing network. The partnership was designed to bolster the crypto market by improving liquidity and expanding access to crypto trading opportunities. Furthermore, in 2021, Broadridge unveiled the latest iteration of its Private Market Hub platform. This platform is underpinned by the Amazon Managed Blockchain from Amazon Web Services, underscoring the pivotal role of blockchain in the evolution of financial technologies. This article was written by Damian Chmiel at www.financemagnates.com.

zondacrypto Pedals into Partnership: Official Crypto Sponsor of Giro d'Italia

Apr 29, 2024 | 03:58 am

zondacrypto, a cryptocurrency exchange in the Central and Eastern European region, has announced its partnership with the Giro d'Italia cycling race. This collaboration designates zondacrypto as the Official Cryptocurrency Exchange of the 107th edition of the Giro d'Italia, set to commence on May 4th in Turin and culminate on May 26th in Rome.Multi-Faceted Role: Includes Fantasy League SponsorshipAs part of this partnership, zondacrypto will enjoy visibility throughout the event, including branding at significant points along the race route, such as "kilometer zero" and on a specially designated car. Moreover, zondacrypto's involvement extends beyond the race itself, encompassing sponsorship of the FantaGiro d'Italia fantasy league, boasting over 12,000 participants.“Together with the organizers, we believe that the ZND token, which will be the prize in the race, will revolutionize the future of sports sponsorship. Additionally, our logo on the leader's jersey will expose us throughout the Giro d'Italia Women, highlighting that zondacrypto is also a woman. We welcome Giro among our friends who, like us, believe in crypto as the currency of the future," commented Przemysław Kral, the CEO of zondacrypto. Expanding Sponsorship Reach In addition to its collaboration with the Giro d'Italia, zondacrypto will serve as the Official Sponsor of Giro di Lombardia, also known as "Il Lombardia," and the Giro Rosa, formerly known as the Giro d'Italia Women. These partnerships afford zondacrypto’s exposure within the global cycling community, including the placement of its logo on the 'red jersey' during the women's race.Exciting news!We are proud to announce that we will be the Official Crypto Exchange Partner of the Giro d'Italia 🚴‍♂️Starting this Saturday in Venaria Reale and finishing on May 26 in Rome with ZND tokens to be won! 🇮🇹Look for us at 'kilometer zero', on the special car No. 1,… pic.twitter.com/avG5xPsDuU— zondacrypto (@zondacrypto) April 29, 2024zondacrypto has pledged to offer a prize for the standout female cyclist in the Giro Rosa, a notable event in the International Cycling Union calendar. Additionally, it will sponsor a prize for the winner of the FantaGiro d'Italia fantasy league.“The dynamics of our Partner's growth is as high as the speed of the best cyclists during the tour. We're delighted that our global Giro d'Italia audience of nearly 800 million will help in increasing knowledge in the field of cryptocurrencies thanks to the involvement of zondacrypto," said Matteo Mursia, the Chief Revenue Officer, w RCS Sport. This article was written by Tareq Sikder at www.financemagnates.com.

Thailand Restricts Introducing Brokers to Only Promote Digital Token Services, Not Cryptos

Apr 28, 2024 | 22:30 pm

The Securities and Exchange Commission (SEC) in Thailand has warned digital asset exchanges that their advertisements and the organisation of introducing broker agent (IBA) events might violate local regulations, Bangkok Post reported today (Monday). The regulator clarified that IBAs can only promote digital token services to avoid speculation on cryptocurrencies, which are categorised as high-risk assets.Clarifying Rules for Investors’ BenefitsIBAs are local companies or agents that onboard clients in a local market for their partner digital asset exchanges for commission. These practices are standard for exchanges or brokers that do not operate directly in some markets.The warning came as the Thai regulator is reiterating the operations of digital asset exchanges in the country to ensure their compliance with local business standards and to focus on benefiting investors and protecting their interests.Cryptocurrency exchanges are legal in Thailand, but they must obtain local approval. Last month, the country even allowed asset management firms to launch private funds to offer bitcoin exchange-traded funds (ETFs), but only to institutional and ultra-high-net-worth investors.However, the country banned the sale of cryptocurrency lending products and also mandated that exchanges display a risk warning message.Companies Must Be HonestThe recent cautionary order confirms the Thai regulator’s priority to ensure the advertisements and sales promotions of the crypto exchanges comply with specified criteria and also eliminate false, exaggerated, distorted, concealing, or misleading information. It further highlighted the mandatory warnings about investment risks for investors in all advertisements and promotions.“When operators organise sales promotions by offering rewards to entice people to use the service, this could encourage use of the service without considering the investment risks. This is especially the case for cryptocurrencies,” Anek Yooyuen, Deputy Secretary-General of the Thai SEC said in a statement. “The SEC is asking business operators to strictly comply with the rules and be careful when organising IBAs, advertising and sales promotions, following the relevant rules and guidelines. If there is any violation, there will be punishment according to the law.” This article was written by Arnab Shome at www.financemagnates.com.

Worldcoin Defies Regulatory Challenges: Seeks Partnership with OpenAI

Apr 26, 2024 | 11:07 am

Worldcoin is eying a potential partnership with artificial intelligence research firm OpenAI, according to a report by Bloomberg. This latest development arrives despite the regulatory challenges facing the digital identity platform over privacy concerns. Through its parent company, Tools for Humanity, the cryptocurrency project plans to expand its services.Navigating Regulatory Challenges Recently, Spain and Portugal raised concerns over the inclusion of children in the project's iris scanning initiative, prompting regulatory action. Previously, the project collaborated with cybersecurity firm Okta Inc. to offer an authentication service. Worldcoin's identity systems support solutions for validating individuals in the digital world dominated by AI. With the rising adoption of AI, the need to distinguish between humans and bots is important. Sam Altman, the Co-Founder of Worldcoin, is renowned for his involvement with OpenAI. Currently, he serves as the company's CEO. Amidst regulatory challenges, Tools for Humanity is enhancing its product. The firm is planning to launch a layer-2 blockchain called World Chain and improve the orb device.However, despite a successful fundraising round last year, Tools for Humanity is reportedly facing uncertainty in tapping into the crypto market for additional funding. Market volatility and pricing fluctuations have prompted a reevaluation of planned token sales.Driving Growth of AIMeanwhile, OpenAI recently hosted top executives from Fortune 500 companies in major business hubs like San Francisco, New York, and London to pitch AI services. At the center of this initiative is OpenAI's enterprise-grade chatbot, designed to cater to specific industry needs ranging from finance to healthcare and energy.OpenAI is proactively reaching out to corporate clients to offer customized AI solutions while assuring data security. Altman and COO Brad Lightcap emphasized the importance of personalized services and direct engagement with the AI firm.Beyond corporate clientele, OpenAI is targeting Hollywood with video creation tools and offerings like ChatGPT Enterprise and the Sora video creation tool. However, there are concerns regarding AI's reliability and copyright implications in content creation. This article was written by Jared Kirui at www.financemagnates.com.

Consensys Sues the SEC: Calls Its Authority over Ethereum “Unlawful”

Apr 25, 2024 | 22:01 pm

Consensys, a United States-based blockchain firm, has initiated legal action against the Securities and Exchange Commission (SEC) in a bid to deter the regulator from overseeing the Ethereum blockchain. Filed yesterday (Thursday), the lawsuit termed the efforts of the regulator a “campaign to seize control over the future of cryptocurrency.”A Strategic LawsuitThe lawsuit argued that if the SEC continues to exert its authority over Ethereum, it would bring the blockchain to a halt, “crippling one of the internet’s greatest innovations.”Consensys revealed that its actions against the SEC followed its receipt of a Wells Notice on April 10, indicating that the regulator is preparing to bring enforcement actions against the company over the services of its MetaMask wallet. The company highlighted that MetaMask is not a broker and “neither holds customers’ digital assets nor carries out any transaction functions.”Today, Consensys took an important step towards preserving access to ether and by extension the Ethereum blockchain in the U.S. We are suing the SEC and fighting back against its overzealous regulatory overreach. You can find more of my thoughts here: https://t.co/VmvOsrCxjw… https://t.co/5IubZo69FW— Joseph Lubin (@ethereumJoseph) April 25, 2024Clarifying RegulationsWith the lawsuit, the blockchain company is seeking the Texas federal court’s ruling that Ethereum is not a security and not under the authority of the SEC. Furthermore, it needs the assurance that any investigation into the company on the premises of Ethereum as a security “would violate” its Fifth Amendment rights and the Administrative Procedures Act. Additionally, the lawsuit seeks the ruling that MetaMask is not a broker and that the staking services offered by the platform do not violate securities laws.“The SEC’s unlawful seizure of authority over ETH would spell disaster for the Ethereum network, and for Consensys,” the lawsuit noted.The status of Ethereum hangs in the balance as the SEC’s Chair, Gary Gensler, earlier said that many digital currencies are unregistered securities and fall under the regulator’s purview. Bitcoin is the only cryptocurrency that the regulator considers a commodity, giving its regulatory rights to the Commodity Futures Trading Commission.Meanwhile, Coinbase sued the SEC over the clarification of crypto-centric rules. However, the regulator took action against a number of crypto companies over lapses in regulations and is now fighting legal battles with multiple big names like Ripple, Coinbase, and Binance. This article was written by Arnab Shome at www.financemagnates.com.

Federal Prosecutors Charge Samurai Wallet Founders with Money Laundering

Apr 25, 2024 | 01:31 am

Federal prosecutors charged Samurai Wallet founders, Keonne Rodriguez and William Lonergan Hill, with conspiracy to commit money laundering yesterday (Wednesday), marking another development in the US government's ongoing efforts to address the use of crypto mixing tools potentially exploited by illicit actors and foreign entities to conceal financial transactions.Facing Legal Action over Alleged TransactionsAccording to a press release issued on Wednesday, Rodriguez and Hill stand accused of developing, marketing, and operating the mixer, purportedly facilitating more than $100 million in money laundering transactions from illegal dark web markets. The release further alleges that Samourai Wallet facilitated approximately $2 billion in "unlawful transactions" from 2015 to the present.Prosecutors have claimed that Rodriguez and Hill accrued around $4.5 million in fees for their mixing services, with different features carrying various pool fees, as outlined in the indictment. The charges against the duo include conspiracy to commit money laundering and conspiracy to operate an unlicensed money-transmitting business, carrying potential maximum sentences of 20 years and five years, respectively.Rodriguez was reportedly arrested on Wednesday morning and is expected to be arraigned in Pennsylvania today or tomorrow, while Hill, the Chief Technology Officer of Samourai Wallet, was apprehended in Portugal and will face extradition to the US.Federal prosecutors have charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering 🚨According to a press release, the pair developed, marketed and operated the mixer, which "facilitated more than $100 million in money… pic.twitter.com/wOY8iZR95y— Waivly (@Waivly) April 24, 2024Website Seized Following Developer IndictmentThe Samourai Wallet website, previously hosted in Iceland, has been seized, along with a seizure warrant issued for the mobile application on the Google Play Store. The website's homepage now displays a warning from US officials following the developers' indictment.The Department of Justice's press release highlighted that Samourai Wallet had been under development since 2015, alleging that Rodriguez and Hill actively encouraged users to launder criminal proceeds through the mixer, citing social media posts and private messages. The mobile application reportedly garnered over 100,000 downloads. This article was written by Tareq Sikder at www.financemagnates.com.

Crypto Mining Company Argo Reduced Losses by 85% in 2023

Apr 24, 2024 | 23:58 pm

Argo Blockchain (LSE: ARB; NASDAQ: ARBK), a cryptocurrency mining company, has released its 2023 financial results, revealing a year marked by strategic adjustments amidst industry challenges. However, despite achieving a modest gross profit, net income was negative for another consecutive year.Argo Blockchain Tried to Weather Crypto Storm, Cuts Debt by 63% in 2023The company mined 1,760 Bitcoin throughout the year, averaging 4.8 Bitcoin per day, despite facing increased global hashrate and network difficulty.Annual revenues reached $50.6 million, a decline of 14% from the previous year, as the mining margin decreased to 43% from 54% in 2022. However, Argo made significant strides in optimizing its operations, increasing its hash rate by 0.3 EH/s through the introduction of ePIC BlockMiners at its Quebec facilities and generating $7.2 million in power credits through strategic energy curtailment at the Helios location.The company reported a net loss of $35 million for 2023, a substantial improvement from the $229 million loss in 2022. This was largely due to a reduction of 49% in interest expenses, achieved through debt management efforts. By year-end, Argo had reduced its debt owed to Galaxy Digital to $23.5 million, with a total debt standing at $66.2 million."Despite a turbulent market, we have worked hard to strengthen our balance sheet and reduce Argo's debt burden by $22 million, or 63%, and improve our cash positions,” commented Thomas Chippas, the CEO of Argo. In early 2024, Argo successfully raised $9.9 million through a share placement with institutional investors and sold its Mirabel, Quebec data center for $6.1 million, using the proceeds to reduce debt further. Preliminary Q1 2024 results show continued growth, with 319 Bitcoin mined and revenues nearing $17 million.Mining Operations Post-HalvingAs the cryptocurrency industry continues to evolve after the recent halving, Argo Blockchain remains focused on navigating challenges, optimizing operations, and positioning itself for long-term success in the competitive mining landscape.“We exited the Bitcoin halving with a stronger balance sheet and leaner operations, and we are optimistic about the ongoing growth and development of Argo with a clear objective of delivering shareholder value,” Chippas added.However, the new operating environment is not easy. After the fourth halving, Bitcoin recently underwent its initial difficulty adjustment, experiencing a rise of 1.99% and elevating the mining difficulty to a new record. The network’s difficulty level increased from 86.39 trillion to 88.10 trillion. This article was written by Damian Chmiel at www.financemagnates.com.

Strike's Expansion into Europe Accelerates Bitcoin Adoption

Apr 24, 2024 | 06:42 am

Strike, a payments application utilizing the Bitcoin blockchain, has launched its services in Europe, enabling customers in the region to engage in buying, selling, and withdrawing bitcoin (BTC). The announcement was made today (Wednesday).Expanding Operations across ContinentsHaving recently expanded its operations to Africa, Strike has already established its presence in Asia, the Caribbean, and Latin America. However, availability may vary by country, and interested customers are encouraged to check their local iOS or Android app stores for accessibility, as some regions may be excluded from the expansion.“As the third-largest economy globally … Europe presents vast opportunities for bitcoin adoption,” Strike said in a press release. “We’ve seen the demand and heard the feedback first-hand from the community.”Blockchain technology is reshaping global payments with its security and efficiency. Unlike traditional methods prone to fraud, blockchain's decentralized ledger ensures secure transactions. Advanced cryptographic techniques like digital signatures bolster security further. Eliminating intermediaries, blockchain enables direct peer-to-peer transactions, expediting settlements and reducing costs. Cross-border payments, often costly and time-consuming, stand to benefit greatly from blockchain's streamlined approach. With its potential to simplify and secure transactions, blockchain emerges as a disruptive force in the global payment landscape.🚨LATEST: Bitcoin Payment App Strike Expands to Europe, Boosting Crypto Accessibility https://t.co/5p4jJ6qpDX— CryptoCrunchApp (News Feed) (@GoCryptoCrunch) April 24, 2024Introducing Bitcoin-Powered Payment Solution for European MarketDeveloped by Chicago-based Zap Solutions under the leadership of entrepreneur Jack Mallers, Strike was initially introduced in the United States in 2020. Similar to widely used online payment platforms such as Cash App or PayPal, Strike facilitates global money transfers for its users. Notably, Strike distinguishes itself by leveraging the Bitcoin blockchain, which enables swifter and more cost-effective transactions compared to conventional alternatives.In Europe, customers will have the convenience of conducting BTC transactions directly with euro deposits via SEPA, the region’s payments provider. Recipients of these funds will have the flexibility to opt for receiving the value in either bitcoin, euro, or, in select areas, Tether’s USDT stablecoin. This article was written by Tareq Sikder at www.financemagnates.com.

US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report

Apr 24, 2024 | 05:55 am

US prosecutors have proposed a 36-month prison sentence for Binance's former CEO, Changpeng Zhao. According to a report by CNBC, the prosecutors argued that such a sentence, which is double the advisory guidelines, reflects the seriousness of the charges against Zhao.The recommendation, outlined in a sentencing memorandum filed with the Western District Court of Washington, highlights the severity of the accusations against Zhao, who stepped down from his position last November following a plea deal with the US Department of Justice.US Prosecutors' Charges against ZhaoUS prosecutors said a 36-month custodial sentence is necessary to underscore the seriousness of the charges against Zhao, which include failure to implement anti-money laundering measures as mandated by the Bank Secrecy Act. The memorandum emphasized Zhao's alleged role in allowing Binance to process transactions involving unlawful activities, including those from sanctioned countries. The case against Zhao occurs amidst a backdrop of legal challenges for Binance, with the exchange facing lawsuits from both the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Allegations include mishandling customer assets and operating an illegal, unregistered exchange in the US. Authorities have also ordered Binance to pay hefty fines, with Zhao agreeing to a $50 million penalty as part of the plea deal. However, he has not publicly commented on the recent developments. Zhao's official sentencing is scheduled for April 30.Binance CEO's Legal StruggleIn January, a federal judge rejected a travel request from Zhao to visit his home in the United Arab Emirates for a family emergency. The judge deemed him a significant flight risk due to his immense wealth and ties to the UAE, despite offering to post his $4.5 billion equity in Binance as security for his return.In November, Zhao pleaded guilty in a Seattle federal court to failing to maintain an effective anti-money laundering program at Binance. As part of the case, Binance agreed to pay $4.3 billion in penalties. In a letter to Judge Richard Jones dated December 22, Zhao's lawyers requested permission for him to travel to Abu Dhabi on January 4 for one to four weeks due to a family emergency. However, federal prosecutors did not consent to Zhao's request, leading to a hearing on December 29, when Judge Jones denied the travel bid. This article was written by Jared Kirui at www.financemagnates.com.

Dubai-Based CoinW Unveils Rebranding and Prop Trading Product

Apr 24, 2024 | 05:21 am

CoinW Exchange, a notable presence within the digital asset trading domain, is undergoing changes as it observes its sixth-year anniversary. Situated in Dubai, the exchange has revealed an exhaustive rebranding effort alongside the debut of its Proprietary Trading (Prop Trading) product. Introducing Prop Trading for Profit OpportunitiesHaving cemented its position within the digital assets trading industry, CoinW Exchange is now set to enter a fresh phase of development. A centrepiece of its transformation is the launch of the Prop Trading product, an offering aimed at providing traders with expanded avenues for profit optimization. This new product is set to play a role in CoinW Exchange's strategic outlook for the future according to the firm.According to Sonic, the Director of CoinW PropTrading: "We have a host of exciting plans in the pipeline that promise to revolutionize the way digital assets are traded. We hope CPT can bring more opportunities to talented traders who are short of fund. CoinW will be the place that they can truly shine."Challenges and Opportunities: UAE's Crypto JourneyA recent survey by KuCoin sheds light on the growing cryptocurrency landscape in the United Arab Emirates (UAE), as reported by Finance Magnates. Despite challenges, 59% of UAE crypto users view it as a long-term investment and 35% use it for portfolio diversification. Additionally, 29% see crypto as a more convenient asset storage method than traditional banks, and 22% use it for daily transactions. Challenges include market volatility (52%), trust issues with crypto platforms (48%), and a lack of education (26%). However, the UAE benefits from strong financial infrastructure, cultural openness, regulatory favorability, access to capital, a skilled workforce, and global networks, positioning it as a promising hub for crypto industry growth.Amidst escalating tensions, MetaQuotes is reportedly tightening restrictions on the use of MetaTrader platforms, although no official confirmation has been issued. This has led to the abrupt termination of partnerships between many proprietary trading firms and their brokerage partners. The primary concern appears to be the presence of active US clients onboarded by these platforms. Proprietary trading has been predominantly linked with unregulated entities. However, regulated brokerages such as OANDA, Axi, and Hantec Markets have recently ventured into this space, keeping their services outside the US jurisdiction and under offshore regulatory entities. This article was written by Tareq Sikder at www.financemagnates.com.

What is Nibiru chain (NIBI)?

Apr 19, 2024 | 08:33 am

Nibiru Chain (NIBI) is a blockchain platform that aims to revolutionize the gaming industry by providing a decentralized ecosystem for gamers, developers, and content creators. By utilizing blockchain technology, Nibiru Chain offers transparency, security, and fair distribution of rewards to its users. Let’s delve deeper into Nibiru Chain with this article What is Nibiru chain? ... Read more

How to Add SatoshiVM to MetaMask

Apr 18, 2024 | 22:26 pm

Looking to expand your MetaMask capabilities and dive further into the world of decentralized finance? Adding SatoshiVM to your MetaMask account can open up new opportunities for utilizing decentralized applications and interacting with the blockchain. Learn how to integrate SatoshiVM into your MetaMask wallet with ease. Can I Add SatoshiVM to MetaMask? Certainly, connecting SatoshiVM ... Read more

How to Add Degen Chain to MetaMask

Apr 18, 2024 | 21:16 pm

MetaMask is a popular cryptocurrency wallet and browser extension that allows users to securely store and manage their digital assets. One of the newest and most talked-about additions to MetaMask is Degen Chain, a decentralized finance (DeFi) platform that offers a range of innovative features and opportunities for users to earn passive income. In this ... Read more

Coinbold Partners with Solak GPT to Shape the AI-Driven Future of Web 3

Apr 17, 2024 | 20:27 pm

[Hanoi/Vietnam] – April 18, 2024 – Coinbold, a crypto news website and investor in transformative blockchain technologies, today announced a strategic partnership with Solak GPT. This collaboration aims to accelerate the development of Web 3.0 through the integration of powerful AI tools within Solak’s groundbreaking decentralized ecosystem. Solak GPT stands at the forefront of innovation ... Read more

Coinbold Announces Strategic Investment in Mars4 – MARS BATTLE

Apr 13, 2024 | 02:33 am

Coinbold, a leading investment firm in the cryptocurrency space, has announced its strategic investment in Mars4 – MARS BATTLE, a groundbreaking virtual reality gaming platform. Mars4 – MARS BATTLE, developed by the innovative team at Mars4, is an immersive gaming experience that allows players to explore the planet Mars through virtual reality technology. Players will ... Read more

Dubai Web3 Investment Conclave (DWIC) 2024 Announces Inaugural Edition, Driving Innovation and Sustainability in the Blockchain Ecosystem

Apr 8, 2024 | 01:12 am

Dubai, UAE – 06th April 2024 – The Dubai Web3 Investment Conclave (DWIC), organized by Giakaa Capital with co-host Leo Ventures, is set to become the premier gathering for the global Web3 community. Taking place from April 15th to 21st, 2024, at the DIFC Innovation Hub, this transformative event will explore the frontiers of Web3 ... Read more

What is Saga (SAGA)?

Apr 4, 2024 | 00:46 am

Saga is a protocol that provides blockchain development services for decentralized applications. Let’s dive right in and learn more in this article! What is Saga (SAGA)? Saga Protocol is a venture that offers blockchain construction services for applications. Essentially, Saga functions as a blockchain platform designed to introduce additional blockchains, known as “Chainlets,” within the ... Read more

What is Ethena Labs (ENA)?

Apr 2, 2024 | 00:49 am

Ethena is a project developed to address the issues of existing stablecoins in the cryptocurrency market. What is Ethena (ENA)? Ethena is a cutting-edge decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to generate synthetic dollars, which are digital assets that maintain price parity with the US dollar (USDe). The ENA ... Read more

How to add Metis to MetaMask: Metis Andromeda (Mainnet)

Apr 1, 2024 | 09:24 am

This is a detailed guide to adding the Metis network to a MetaMask Web3 wallet.

What is Mystiko.Network?

Mar 31, 2024 | 01:29 am

Maintaining confidentiality has consistently been a major issue, particularly in the cryptocurrency sector where all transactions are recorded on the blockchain and available to the public. As a result, developers have made it a priority to create projects that enhance privacy for users, making it harder to trace their on-chain actions. One of the projects ... Read more

The April Next Bitcoin Halving 2024: What’s Different and What to Expect for the Crypto Market

Mar 30, 2024 | 03:20 am

Get ready for the next Bitcoin (BTC) halving in April 2024; it could send shockwaves through the cryptocurrency market. Here’s everything you need to know about this important event, including what it means and how you might capitalize on potential shifts. What are Halvings? Bitcoin halving is a programmed event where the reward for bitcoin ... Read more

How to Add Core to MetaMask

Mar 25, 2024 | 20:33 pm

In this guide, we outline the safest and easiest way to add Core DAO to your MetaMask Wallet. Get started with the verified RPC and Chain ID to use the Bitcoin EVM chain.

How to Add NEO to MetaMask

Mar 25, 2024 | 08:02 am

In this guide, we outline whether you can add the NEO Layer 1 blockchain to your MetaMask Wallet. Get started quickly with the verified Chain ID and RPC details.

How to Add Shardeum to MetaMask

Mar 25, 2024 | 01:51 am

A safe and simple guide to adding Shardeum to your MetaMask Wallet to test the network and earn airdrop eligibility.

Protected: Folks Finance

Mar 22, 2024 | 04:53 am

There is no excerpt because this is a protected post.

Blockchain Expo North America Returns to Connect Blockchain, Crypto, NFT and Web3 Ecosystems

Mar 10, 2024 | 23:58 pm

Blockchain Expo North America returns for its 8th year, taking place on June 5-6 2024 at the Santa Clara Convention Center in California. The event and conference is tailor-made for the ambitious blockchain enthusiast who is looking to learn the latest advancements and innovations within blockchain, crypto, NFTs, web3 and more. Building upon the success ... Read more

Blockchain Life Forum 2024 in Dubai: find out how to make the most of the current Bull Run

Mar 8, 2024 | 04:25 am

The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience. This time the central topic of the forum will be making money on Bull Run, ... Read more

Singapore Traders Fair and Blockchain Fest: A Day of Triumph and Innovation!

Mar 8, 2024 | 04:14 am

Singapore, March 5, 2024 – A day of triumph unfolded at Marina Bay Sands on March 2nd as two eagerly awaited events, the Singapore Traders Fair and the Blockchain Festival Asia 2024, jointly organised by global fintech event leader FINEXPO, concluded with resounding success. Welcoming a staggering total of over 2,500 attendees, this dynamic convergence ... Read more

DePIN: Is it the Next Big Wave in Blockchain?

Feb 29, 2024 | 21:51 pm

DePIN, short for Decentralized Public Infrastructure Network, is a new blockchain platform designed to address the scalability, security, and privacy issues in decentralized applications (#Dapps ). #DePIN utilizes a unique architecture that combines sharding, sidechain, and #PoS consensus to achieve high performance, strong security, and seamless interoperability between dApps. Here are some of the key ... Read more

Blockchain Life Week in Dubai: we have never seen this before

Feb 27, 2024 | 22:22 pm

The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 ... Read more

Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland

Feb 26, 2024 | 22:19 pm

Next Block Expo, the Blockchain Festival of Europe, is gearing up for its return to Warsaw, Poland, on May 15-16, 2024. The event will be part of crypto week during which Poland’s capital will become the epicenter of crypto innovation in Europe. The organizers strive to present Poland’s burgeoning potential as the next big crypto ... Read more

Octavia Web3 Assistant Leverages AI for Improved Crypto Insights and Management

Feb 17, 2024 | 22:16 pm

A new Web3 project named Octavia is harnessing the power of artificial intelligence to simplify cryptocurrency research, portfolio management, and potentially streamline trading processes. Octavia distinguishes itself by providing users with access to advanced AI tools and on-chain data analysis. With an increasing number of decentralized applications and complex financial instruments emerging in the Web3 ... Read more

ERC-404: Could This New Token Standard Disrupt the NFT Market?

Feb 17, 2024 | 22:00 pm

Buckle up, crypto enthusiasts, because there’s a new kid on the blockchain that might just shake up the way we think about NFTs. It’s called ERC-404, and it’s aiming to bridge the gap between two of the most popular token types out there. Think of ERC-404 like a hybrid car – it seamlessly blends the ... Read more

What is ERC-404?

Feb 7, 2024 | 23:24 pm

ERC-404 is an experimental token standard introduced to the Ethereum ecosystem, expanding beyond the traditional ERC-20 and ERC-721 standards. This unofficial token standard on the Ethereum blockchain explores the concept of semi-fungible tokens, allowing for fractional ownership of assets like NFTs. The developer community within the Ethereum ecosystem is diving deep into ERC-404 projects, looking to ... Read more

How to Add Nibiru to MetaMask

Feb 1, 2024 | 20:19 pm

Can you Add Nibiru to MetaMask? Unfortunately, Nibiru and MetaMask are not compatible with each other directly because they operate on essentially different technologies. Nibiru utilizes its proprietary Inter-Blockchain Communication (IBC) protocol to function within the Cosmos ecosystem. It doesn’t work on the Ethereum Virtual Machine (EVM), which is MetaMask’s primary infrastructure. How to Add ... Read more

Dubai 2024 Welcomes the Pinnacle of Blockchain Innovation: The Global Blockchain Show

Jan 24, 2024 | 06:32 am

January 24, 2024. – Join the Global Blockchain Show 2024 in Dubai – an innovation hub showcasing pioneering blockchain technology and visionary experts, April 16-17. The Global Blockchain Show 2024 is set to take place in the magnificent city of Dubai, which is popular for its modern architecture and innovative approach. This event is a ... Read more

Coinbold Announces A Strategic Investment in Octavia

Jan 20, 2024 | 01:45 am

[Hanoi, January 20, 2024] – We are pleased to announce a strategic investment in Octavia, a prominent player in the blockchain and decentralized finance (DeFi) sector. This is not just a significant step but also a strategic partnership, marking the alignment between Coinbold and Octavia in shaping the future and development of the blockchain industry. ... Read more

Blockchain Life 2024 in Dubai – Waiting for ToTheMoon

Jan 18, 2024 | 18:19 pm

On April 15-16, the international forum Blockchain Life 2024 will bring together more than 8,000 crypto leaders and thousands of international companies at the main event of the year in Dubai. Official Trailer 2024: https://youtu.be/jSn8TWHV9Lg Buy a ticket: https://blockchain-life.com What to expect: On the 2 stages of the event attendees can anticipate market analysis and ... Read more

What is XFarm (XFA)? A worthy alternative to xPet

Jan 18, 2024 | 17:56 pm

XFarm is a GameFi platform built on the Arbitrum ecosystem, regarded as an upgrade to its predecessor in the same gaming niche, xPet, which has recently gained recognition and established its reputation. What is XFarm? XFarm is a GameFi platform developed on the Arbitrum ecosystem, incorporating a groundbreaking mechanism that combines farming with blockchain technology. ... Read more

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