Cryptocurrencies Today: News, Analysis, and Predictions ☀️

NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing

May 7, 2024 | 17:33 pm

The US SEC reported a critical Grayscale withdrawal on May 7 that could have broad implications for spot Ethereum ETFs. Specifically, NYSE Arca withdrew a 19-b4 filing containing a proposed rule change through which it intended to list and trade shares of Grayscale’s Ethereum Futures Trust ETF. NYSE Arca withdrew the proposal on May 3, […] The post NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing appeared first on CryptoSlate.

Grayscale Bitcoin ETF finally see inflows: Will BTC cross $70K now?

May 7, 2024 | 17:00 pm

Grayscale has finally seen an inflow in its Bitcoin ETF Netflows. Will BTC rally?

Shiba Inu Whale Moves 1.7 Trillion SHIB As Price Struggles, Where Are They Headed?

May 7, 2024 | 17:00 pm

The crypto community’s attention has been drawn to a Shiba Inu whale that recently moved trillions of the meme coin. Given the magnitude of these transactions, community members have sought to discover where these tokens were transferred and the motive behind them. Shiba Inu Whale Moves 1.7 Trillion SHIB On-chain data shows that the whale […]

SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’

May 7, 2024 | 16:11 pm

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency oversees, the SEC chair emphasized that it is “an outsized piece of the scams […]

Emmer slams Gensler for ‘inconsistency, incompetence’ over SAB 121

May 7, 2024 | 16:04 pm

House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative Tom Emmer, a prominent Republican lawmaker, criticized SEC Chairman Gary Gensler’s tenure, calling it marked by “regulatory hypocrisy, inconsistency, and incompetence.” The issue […] The post Emmer slams Gensler for ‘inconsistency, incompetence’ over SAB 121 appeared first on CryptoSlate.

Decoding PEPE’s fall: Key factors behind the price decline

May 7, 2024 | 16:00 pm

Crypto Twitter’s memecoin of the year decreased by over 6% in the past day. Why is PEPE down?

Crypto Industry Flexes Financial Muscle With $100M Super PAC War Chest For 2024 US Elections

May 7, 2024 | 16:00 pm

A recent report by OpenSecrets.org revealed that cryptocurrency industry Super Political Action Committees (PACs) have accumulated a staggering $102 million war chest to exert their influence on the upcoming 2024 US congressional elections. The data, compiled by Public Citizen, highlights the sector’s concerted efforts to sway elections in favor of pro-crypto candidates and impede regulatory […]

Spectral Participates In Hugging Face’s Expert Support Program, Steps Closer To Advancing On-chain Open Source AI Community

May 7, 2024 | 15:44 pm

Spectral, an inference economy for Web3, announced today its participation in Hugging Face’s Expert Support Program, joining others in advanced open-source models, applications for the Onchain Agent Economy, and datasets. The Expert Support Program by Hugging Face was created to help clients with various challenges by providing them with the resources and expertise needed to […]

99BTC Staking Blows Up as the Presale Raises its First Million

May 7, 2024 | 15:38 pm

99Bitcoins, the world’s first Learn-To-Earn (L2E) project, has recently seen its presale hit a new milestone with $1 million raised. Along the way, the project’s staking mechanism blew up as users staked many purchased tokens. 99Bitcoins encourages users to keep staking their crypto In a recent post on X, 99Bitcoins invited and urged holders to […]

WienerAI Adds MEV Protection To The Long List of Features as its Presale Hits a New Milestone

May 7, 2024 | 15:35 pm

WienerAI, a popular new cryptocurrency that combines a dog, a sausage, and artificial intelligence (AI), announced that it is adding big changes to its website. In addition to explaining how users can benefit from adding AI to their trading strategy, the project also introduced a new type of protection called MEV Protection. How Does MEV […]

Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals

May 7, 2024 | 15:16 pm

Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, […]

Fundstrat Co-founder Foresees $150,000 Bitcoin Price in 2024 and $500,000 in Five Years

May 7, 2024 | 15:01 pm

During an appearance on CNBC's 'Squawk Box', Tom Lee shared his optimistic outlook on Bitcoin's price trajectory.

Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit

May 7, 2024 | 15:01 pm

A new Ethereum (ETH)-based USD-pegged stablecoin is getting a boost from one of the world’s largest crypto exchanges. Ethena Labs has announced that USDe, the stablecoin of the Ethena (ENA) ecosystem, is being integrated by Bybit, the third largest crypto exchange by trading volume. “We are excited to share one of the most important developments for USDe adoption to date. As of […] The post Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit appeared first on The Daily Hodl.

Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why

May 7, 2024 | 15:01 pm

Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulator’s current policies on crypto will have a lasting effect on the industry. In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won’t be […] The post Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why appeared first on The Daily Hodl.

Cardano’s wild 4 days: From $0.48 peak to 10% fall, what’s next?

May 7, 2024 | 15:00 pm

ADA is yet to initiate a price rally as the bears exert significant influence.

High Networth Bitcoin Whales Accumulating: Will This Buying Spree Push BTC Above $74,000?

May 7, 2024 | 15:00 pm

While Bitcoin continues to trade within the $60,000 to $70,000 range, a new wave of optimism is emerging from on-chain analysis. Willy Woo, an on-chain analyst, took to X on May 7 to point out an exciting development: high-net-worth BTC holders have been rapidly accumulating the coin. High Net-worth Whales Accumulating In a chart, the analyst […]

Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments

May 7, 2024 | 14:55 pm

Susquehanna International Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a May 7 13F filing. The company reported holding 17.3 million shares of Grayscale’s GBTC across three separate investments for a combined investment of $1.1 billion. Susquehanna additionally purchased 1.3 million shares of Fidelity’s FBTC worth $83.7 million, 583,049 shares of BlackRock’s […] The post Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments appeared first on CryptoSlate.

SEC’s Gary Gensler Reiterates Belief That Vast Majority Of Cryptocurrencies Are Securities

May 7, 2024 | 14:34 pm

Gary Gensler, the Chairman of the U.S. SEC, has doubled down on his view that most cryptocurrencies qualify as securities.

XRP Volume Skyrockets 392% as Ripple vs. SEC Case Nears Conclusion

May 7, 2024 | 14:33 pm

NAIROBI (Coinchapter.com) – XRP trading volume has surged by a staggering 392% in just 24 hours. This remarkable spike coincides with the highly anticipated resolution of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). According to James K. Filan, a renowned legal expert closely following the case, the SEC […] The post XRP Volume Skyrockets 392% as Ripple vs. SEC Case Nears Conclusion appeared first on CoinChapter.

2 Bitcoin L2 Projects Secure Investments to Enhance Bitcoin’s Defi Capabilities

May 7, 2024 | 14:32 pm

On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […]

Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community

May 7, 2024 | 14:28 pm

New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across […] The post Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community appeared first on CoinJournal.

TON Network Surpasses $200 Million TVL Boosted by Open League and DeFi Growth

May 7, 2024 | 14:24 pm

The TON Network has recently crossed a major landmark, boasting a Total Value Locked (TVL) exceeding $200 million.

Vitalk Buterin drafts EIP-7702 to enhance externally owned accounts

May 7, 2024 | 14:12 pm

In a recent proposal, prominent Ethereum developers, including Vitalik Buterin, Sam Wilson, Ansgar Dietrichs, and Matt Garnett, suggested a new transaction type to enhance Externally Owned Accounts (EOAs). The proposal, currently in draft status, outlines the creation of a new transaction type that temporarily converts EOAs into smart contract wallets during transaction execution, offering functionalities […] The post Vitalk Buterin drafts EIP-7702 to enhance externally owned accounts appeared first on CryptoSlate.

US SEC Pushes Back On Yet Another Spot Ether ETF Application As Key Deadline Looms

May 7, 2024 | 14:07 pm

Wall Street's top regulator has refused to make a decision on another high-profile spot, the Ethereum exchange-traded fund (ETF).

XRP price prediction: Why THIS level is worth keeping an eye on

May 7, 2024 | 14:00 pm

One encouraging factor despite XRP's bearish sentiment was its spot CVD.

TON and STX suffer major losses, ETFS and OP take the lead

May 7, 2024 | 14:00 pm

Amidst the current market turmoil and Bitcoin’s crash, many cryptocurrencies like Toncoin (TON) and Stacks […]

CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years

May 7, 2024 | 14:00 pm

As the US Securities and Exchange Commission (SEC) continues to scrutinize crypto industry players, including Robinhood, Binance, Coinbase, and Ripple, the Chair of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, warns of an impending surge in enforcement actions. Crypto Faces Inevitable Wave Of Enforcement Actions At the Milken Institute’s 27th annual Global Conference, Behnam […]

ETFSwap (ETFS) Presale Goes Viral On Reddit And Twitter With $350,000 Raised

May 7, 2024 | 14:00 pm

Newcomer ETFSwap (ETFS) is setting the crypto world ablaze with its presale, which is rapidly selling out despite the current bearish season rocking the market. This momentum has caught the attention of several crypto investors who are actively seeking to diversify to sustainable investments after it trended on popular social media platforms Reddit and X [...]

Cardano Skyrockets Past 90 Million Transactions as Bulls Crazily Eye $3 Price Landmark

May 7, 2024 | 13:55 pm

This milestone highlights Cardano's growing prominence in the blockchain space and underscores the robust ecosystem around its network.

Dogecoin Users Face New Threats from Robinhood

May 7, 2024 | 13:52 pm

Attention Dogecoin users! Robinhood’s newly updated self-custody wallet terms might cook up a new storm among meme coin enthusiasts who value privacy. Under the new policy update, Robinhood mentions that users provide “irrevocable consent to such monitoring.” This clause has raised questions about how private users’ transactions truly are, as under the new approach, platforms […]

‘Big Short’ Investor Calls Crypto One of the ‘Great Themes of Our Time,’ But He’s Not a Believer

May 7, 2024 | 13:37 pm

In a recent interview on Bloomberg Television, Steve Eisman of Neuberger Berman, who gained prominence from “The Big Short,” shared insights on the impending U.S. election and his investment strategies. Eisman identified three significant current themes, including cryptocurrency, about which he expressed skepticism. Steve Eisman’s Take: Trump’s Re-Election and the So-Called Crypto Conundrum Steve Eisman, […]

Vitalik Buterin Proposes EIP-7702 to Enhance Smart Contract Sustainability

May 7, 2024 | 13:20 pm

Vitalik Buterin, co-founder of Ethereum, has put up a new suggestion to make the protocol’s smart contract push more sustainable in the long run. Notably, the new proposal has garnered intriguing remarks. The founder of Uniswap, Hayden Adams, raised attention to the Ethereum proposal known as EIP-7702. Adams offers some

Spectral Labs Joins Hugging Face’s ESP Program To Advance the On-Chain x Open-Source AI Community

May 7, 2024 | 13:07 pm

May 7, 2024 – New York, New York Spectral is excited to announce its participation in Hugging Face’s ESP (expert support program). Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets and applications for the on-chain agent economy. How to use Hugging Face Hugging Face plays a critical role […] The post Spectral Labs Joins Hugging Face’s ESP Program To Advance the On-Chain x Open-Source AI Community appeared first on The Daily Hodl.

Bitcoin miner Marathon Digital’s MARA hikes 17% after S&P 600 listing

May 7, 2024 | 13:00 pm

Marathon Digital’s stock (MARA) rallied and reversed its April losses after its latest listing.

Dogecoin Holders In Profit across 82%, What About Shiba Inu?

May 7, 2024 | 13:00 pm

Major cryptocurrencies have exhibited an interesting price dynamic in the past few days. According to data from Coinmarketcap, the majority of cryptocurrencies, including Dogecoin, have posted losses in the past 24 hours. On the other hand, some of these cryptocurrencies are still on a price increase when looking at a larger timeframe and many more […]

Ethernity Upgrades to AI-Driven Ethereum Layer 2, Tailored for Entertainment Powerhouse

May 7, 2024 | 12:57 pm

Ethernity’s technology allows global brands and talent to securely store their intellectual property on the blockchain and connect with their fans through innovative content and experiences. Ethernity, the platform known for its authenticated and licensed NFTs featuring icons such as Lionel Messi and Shaquille O’Neal, is making a significant move by transforming into a cutting-edge […]

Binance CEO Richard Teng Demands Nigeria Release Imprisoned Employee, Offers Help in Resolving Tax Issues

May 7, 2024 | 12:55 pm

Binance CEO Richard Teng is demanding the release of a top executive imprisoned in Nigeria for alleged money laundering crimes. In a new Binance blog post, Teng calls on Nigerian authorities to release Tigran Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, who has been held for more than 70 days. Gambaryan was […] The post Binance CEO Richard Teng Demands Nigeria Release Imprisoned Employee, Offers Help in Resolving Tax Issues appeared first on The Daily Hodl.

Investment Firm Discloses Over $1.8 Billion in Bitcoin ETF Holdings in SEC Filing

May 7, 2024 | 12:54 pm

Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio. The filing reveals the investment firms biggest positions were in Grayscales [...] The post Investment Firm Discloses Over $1.8 Billion in Bitcoin ETF Holdings in SEC Filing appeared first on Crypto Breaking News.

Coincheck's Nasdaq Listing Gains Traction, Proposal Submitted to SEC

May 7, 2024 | 12:52 pm

Coincheck and Spacial Purpose Acquisition Company Thunder Bridge Capital Partners IV are progressing with a merger deal that will enable the Japanese cryptocurrency exchange to list on Nasdaq. Coincheck has reportedly submitted a proposal regarding the agreement to the SEC, signifying a significant step for both companies and investors seeking exposure to the growing crypto industry.Gateway to NasdaqCoincheck is a renowned digital asset exchange with a market share of over 1.98 million accounts, while Thunder Bridge Capital Partners IV is an SPAC that facilitates mergers and acquisitions within the financial sector. The proposed merger signifies Coincheck's ambition to expand its global footprint and gain access to the Nasdaq market. According to the press release, the combined entity, to be named Coincheck Group N.V., is pending regulatory approvals and shareholders' consent.Last year, Coincheck faced a hurdle after the parent company, Monex Group, announced a one-year delay in the cryptocurrency exchange's public listing. The anticipated merger, originally scheduled for completion by July 2, 2023, was extended to July 2, 2024. Monex Group confirmed the delay, citing the approval of an amendment to the SPAC's certificate of incorporation at a shareholders' meeting held in June 2023. While the exact reasons behind the delay remain unclear, speculations emerged about potential setbacks in obtaining approval from the shareholders. This setback marked the second delay in Coincheck's journey toward listing on Nasdaq.Coincheck IPO DelayedMonex announced its intentions to take Coincheck public in 2022, entering an agreement valued at approximately $1.25 billion with Thunder Bridge. Originally expected to debut on the Nasdaq in the latter half of 2021, unforeseen circumstances have continuously pushed the listing further, now scheduled for this year.Under the agreement, Thunder Bridge is set to inject $237 million in cash into the combined entity. Additionally, Gary Simanson, Thunder Bridge's President and CEO, will reportedly assume the role of CEO in the merged organization. Monex will retain a significant majority stake of 82% in the new entity and maintain its commitment to Coincheck's growth trajectory amidst the challenges of the listing delay. This article was written by Jared Kirui at www.financemagnates.com.

AC Milan Announces iGaming Partnership with TG.Casino

May 7, 2024 | 12:41 pm

The revered Italian football club AC Milan has set a new milestone in the sports industry by teaming up with TG.Casino, a renowned cryptocurrency casino platform. The partnership, announced through a flurry of tweets and press releases, marks TG.Casino as the Official Regional iGaming Partner of AC Milan in Europe, ushering in a new era […]

DECIMATED Features a Thrilling Gameplay Testing Survivorship Skills With A Lucrative Economic System

May 7, 2024 | 12:37 pm

DECIMATED, a novel third-person PvP and PvE online game, is excited to reveal its game that tests players’ survival skills with a lucrative economic ecosystem. Built on Unreal Engine 5, DECIMATED features a post-apocalyptic cyberpunk survival game in a persistent online world where players are invited to explore an unprecedented journey through a vast dystopian […]

Polygon Launches Miden Alpha Testnet: Unlocking Self-Sovereign Innovation

May 7, 2024 | 12:35 pm

Polygon has launched the highly anticipated Miden Alpha testnet designed to unlock self-sovereign innovation. The testnet brings new exciting features for builders and is expected to eventually connect to the AggLayer. Polygon has shared exciting news with the crypto community, as it revealed that it has launched the Miden Alpha testnet. According to the development [...]

Bitpay Partners With Moonpay to Enhance Crypto Selling Experience on App

May 7, 2024 | 12:34 pm

On Tuesday, the crypto payments processor based in Atlanta, Bitpay, revealed its collaboration with Moonpay. The partnership, Bitpay emphasized, enables users to sell bitcoin and other crypto assets directly through the Bitpay app. Bitpay Now Allows Direct Sales via Moonpay Partnership Users of the Bitpay app can now sell their crypto assets through Bitpay’s integration […]

CoinStats Launches Degen Plan With Improved and Exclusive Options

May 7, 2024 | 12:25 pm

Renowned cryptocurrency portfolio tracker CoinStats has added a powerful service package to its list following the launch of its anticipated Degen plan. Designed to offer advanced analytics services, the Degen plan will feature all services provided in the CoinStats premium package and additional VIP Support services such as dedicated channels, community seats, and personalized features […]

BlockDAG Achieves $23.6M, Adding New Payment Methods, Surpassing Shiba, Dogecoin With Forecasts For 30,000x ROI

May 7, 2024 | 12:18 pm

As Shiba Inu’s token burn intensifies and Dogecoin’s valuation sees incremental growth, BlockDAG‘s presale performance has been extraordinary, amassing more than $23.6 million with potential for 30,000x ROI. This surge highlights its potential to eclipse popular meme coins in the market. BlockDAG has recently expanded its payment options, allowing users to purchase coins with Bitcoin, […]

US voters in swing states more likely to vote for crypto-friendly politicians – survey

May 7, 2024 | 12:13 pm

A majority of registered voters in key US swing states have voiced dissatisfaction with the current financial system while also showing a significant interest in crypto, according to a comprehensive new survey published by the Blockchain Association on May 7. The study, conducted by Harris Poll, surveyed over 1,200 registered voters across Michigan, Nevada, Ohio, […] The post US voters in swing states more likely to vote for crypto-friendly politicians – survey appeared first on CryptoSlate.

Demystifying VeChainThor: A Blockchain for Real-World Challenges

May 7, 2024 | 12:07 pm

VeChainThor leads in blockchain for real-world use, with top-notch security and scalability. Its partnerships with UFC and Walmart China highlight its practical applications. VeChainThor is a trendsetter that focuses on practical applications rather than just financial transactions. It provides upgraded security, scalability, transparency, and interoperability, so it is a serious player in the blockchain field. [...]

Cardano Network Hits 90M Transactions Amid Upcoming Upgrades

May 7, 2024 | 12:05 pm

NAIROBI (Coinchapter.com) – Cardano has reached a significant milestone, recording a staggering 90 million transactions on its network. This achievement highlights Cardano’s growing adoption and underscores its commitment to building a robust and scalable blockchain platform. The surge in transactions comes as Cardano prepares for major upgrades aimed at further enhancing its capabilities. The Cardano […] The post Cardano Network Hits 90M Transactions Amid Upcoming Upgrades appeared first on CoinChapter.

This Ethereum ‘weakness’ may keep ETH’s price below $3,100

May 7, 2024 | 12:00 pm

Failure to curb the unimpressive state of the network may lead ETH's price to $2,600.

Ethereum’s Wild Fluctuations: Here’s What ETH Implied Volatility Tells Us

May 7, 2024 | 12:00 pm

The cryptocurrency market has recently exhibited distinct divergences in the behavior of its two leading assets, Bitcoin and Ethereum. While Bitcoin appears to be stepping into a phase of relative stability, Ethereum’s journey paints a contrasting picture of sustained uncertainty, particularly in its options market. This divergence is highlighted by the sustained high levels of [...] The post Ethereum’s Wild Fluctuations: Here’s What ETH Implied Volatility Tells Us appeared first on Crypto Breaking News.

Crypto’s Electoral Impact: Over 20% Of Swing State Voters Weigh Digital Currency Policies Heavily

May 7, 2024 | 12:00 pm

As the political temperature in the United States heats up ahead of upcoming elections, cryptocurrency is emerging as a significant topic among voters in key battleground states. An extensive online survey spearheaded by the Digital Currency Group (DCG) has highlighted the growing importance of digital currency policies in the electoral dialogue, particularly in states known […]

Cartier Heir Charged by DOJ for Allegedly Laundering ‘Hundreds of Millions’ Partially via USDT Transfers

May 7, 2024 | 11:45 am

Prosecutors are charging three Colombian nationals and a purported direct descendant of the Cartier watch and jewelry-making family for allegedly laundering hundreds of millions of dollars. According to the indictment unsealed by the U.S. Attorney’s Office for the Southern District of New York, Maximilien de Hoop Cartier, Leonardo De Jesus Zuluaga Duque, Erica Milena Lopez […] The post Cartier Heir Charged by DOJ for Allegedly Laundering ‘Hundreds of Millions’ Partially via USDT Transfers appeared first on The Daily Hodl.

Bitcoin Exchange Inflows Hit Decade-Low Levels Amid Optimistic Sentiment

May 7, 2024 | 11:44 am

According to the most recent statistics, Bitcoin exchange inflows have hit a level not seen in over ten years. Since Bitcoin’s all-time high of $73,800, daily BTC inflows have declined dramatically, according to data from on-chain analytics platform CryptoQuant. There is no desire among Bitcoin traders to hold currency on

Robinhood CEO Vlad Tenev Slams SEC, Says Trading Giant Prepared To Contest Charges in Court

May 7, 2024 | 11:41 am

The CEO of trading giant Robinhood is hitting back at the U.S. Securities and Exchange Commission (SEC) after receiving the regulator’s Wells notice. Robinhood head Vlad Tenev took to X today to decry the SEC’s planned action against Robinhood Crypto. “Over the last three years, we’ve reached a state of regulatory onslaught that is harmful to American companies and consumers. The SEC’s continued attack on […] The post Robinhood CEO Vlad Tenev Slams SEC, Says Trading Giant Prepared To Contest Charges in Court appeared first on The Daily Hodl.

Ripple CEO Slams SEC Over XRP and Ethereum Probes, Calls Gensler “Unethical”

May 7, 2024 | 11:32 am

NAIROBI (Coinchapter.com)- Ripple CEO Brad Garlinghouse has blasted the U.S. Securities and Exchange Commission (SEC) for its ongoing probes into XRP and Ethereum, labeling SEC Chair Gary Gensler as an “unethical human being.” Garlinghouse’s comments came during a fireside chat at the XRP Las Vegas 2024 event. He vehemently defended XRP and Ethereum, asserting that […] The post Ripple CEO Slams SEC Over XRP and Ethereum Probes, Calls Gensler “Unethical” appeared first on CoinChapter.

Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community

May 7, 2024 | 11:25 am

New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across […] The post Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community appeared first on CoinChapter.

Ethena Labs Integrates USDe as Collateral on Bybit for High-Yield Trading: ENA Token Soars

May 7, 2024 | 11:21 am

TL;DR USDe is integrated into Bybit as collateral for perpetual trading and commission-free BTC and ETH spot pairs. Ethena users will be able to capture potential yields and access Bybit’s “Earn” platform with USDe. This integration represents a significant shift in capital efficiency and opens up new opportunities in the cryptocurrency market. The integration of ... Read more

Coinbase legal chief challenges SEC chair Gensler’s claim that most crypto tokens are securities

May 7, 2024 | 11:13 am

Coinbase chief legal officer Paul Grewal called on US SEC Chair Gary Gensler to stop misleading the market about the legal status of cryptocurrencies in a May 7 social media post. Grewal made the statement in response to Gensler’s recent CNBC interview with Andrew Sorkin, where he asserted that numerous digital assets fall under the […] The post Coinbase legal chief challenges SEC chair Gensler’s claim that most crypto tokens are securities appeared first on CryptoSlate.

‘Big Short’ Investor Steve Eisman Says Crypto One of Three ‘Great Themes of Our Time’ – Here’s What He Means

May 7, 2024 | 11:05 am

One of the investors who called and profited off the subprime mortgage collapse of 2008 says crypto is currently one of three major themes driving today’s narrative – but he still isn’t a fan of it. In a new interview on Bloomberg Television, Steve Eisman of Neuberger Berman says that artificial intelligence (AI), infrastructure, and […] The post ‘Big Short’ Investor Steve Eisman Says Crypto One of Three ‘Great Themes of Our Time’ – Here’s What He Means appeared first on The Daily Hodl.

Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off

May 7, 2024 | 11:00 am

Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024. Bitcoin Surge To $150,000 [...] The post Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off appeared first on Crypto Breaking News.

Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off

May 7, 2024 | 11:00 am

Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024. Bitcoin Surge To $150,000 [...] The post Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off appeared first on Crypto Breaking News.

Cardano Ecosystem Set For Expansion: EMURGO And GSR Join Forces

May 7, 2024 | 11:00 am

EMURGO, the commercial arm of the Cardano blockchain, has formed a strategic alliance with GSR, a prominent global cryptocurrency trading firm. This partnership aims to bolster the infrastructure of the ecosystem by leveraging GSR’s expertise in market liquidity and financial services. How The Partnership Will Boost Cardano EMURGO, established in 2015, plays a critical role […]

Solana’s Remarkable Surge: Poised to Break $200 Amid Bullish Momentum

May 7, 2024 | 11:00 am

Solana has emerged as a significant player in the cryptocurrency market, demonstrating a notable turnaround from its previous lows. The altcoin’s ability to rise above significant financial milestones reflects its strong market presence and investor confidence. Recent Solana Developments and Market Reactions Since last October, Solana has experienced an explosive

QANplatform Launches Revolutionary Multi-Language, Quantum-Resistant Testnet

May 7, 2024 | 10:56 am

The world’s first Ethereum-compatible and quantum-resistant blockchain testnet has been launched by QANplatform, enabling developers to code smart contracts in any programming language. This testnet’s launch comes after a member state of the European Union successfully implemented QANplatform’s quantum-resistant technology. The new QAN TestNet, which is a forerunner to the QAN MainNet

Australia Eyes Unreported Crypto Transactions: Taxman Targets 1.2 Million Accounts

May 7, 2024 | 10:52 am

Australian Taxation Office (ATO) has requested personal data and transaction details from crypto exchanges of up to 1.2 million accounts to crack down on potential tax evaders, Reuters reported. This move marks a significant escalation in the ATO's efforts to ensure compliance in the rapidly expanding digital currency market.Oversight of Crypto Tax ComplianceATO's notice, issued last month, aims to identify individuals who may have failed to report their crypto transactions. It focuses on instances where crypto assets were exchanged or utilized for payments without proper tax declarations.ATO has acknowledged the complexities of the crypto industry, attributing non-compliance to a lack of awareness regarding tax obligations. Additionally, the potential for anonymous transactions using false information poses a challenge in effectively enforcing tax laws.The scope of the ATO's request extends beyond basic transaction details. It encompasses personal information such as dates of birth, phone numbers, and social media accounts. Additionally, the authority is seeking specific details like bank accounts, wallet addresses, and the types of coins involved. Australia categorizes cryptocurrencies as assets for tax assessment, subjecting investors to capital gains tax obligations upon selling or trading crypto assets. This approach aims to ensure equitable taxation across traditional and digital asset classes.Rising Crypto AdoptionA recent Treasury report indicating a significant growth in digital asset transactions highlights the exponential growth of Australia's crypto market. With over 800,000 taxpayers engaging in crypto activities in recent years, the country experienced a remarkable 63% surge in participation in 2021. Meanwhile, Australia is preparing to embrace Bitcoin exchange-traded funds (ETFs), a move that could reshape the country's investment landscape. Following the footsteps of the US and Hong Kong, ASX Ltd, Australia's primary equity exchange, could soon allow the launch of Bitcoin ETFs, Bloomberg reported.The soaring interest in cryptocurrencies among investors is evident in the $53 billion inflow into US Bitcoin ETFs this year. Notable players like Van Eck Associates Corp. and BetaShares Holdings Pty are poised to introduce similar ETFs in Australia. This comes amidst a resurgence in the crypto market, which recently drove Bitcoin price to a record high exceeding $70,000.ASX, responsible for the majority of equity trading in Australia, is currently evaluating applications for spot Bitcoin ETFs. Although the exact timeline hasn't been confirmed, insiders speculate approvals could materialize before the end of the year. Australia's $2.3 trillion pension market stands as a crucial catalyst for Bitcoin ETF inflows. This article was written by Jared Kirui at www.financemagnates.com.

This Analyst Sees an ‘Extremely Wild’ Bull Run for Solana (SOL), Retik Finance (RETIK), and Shiba Inu (SHIB)

May 7, 2024 | 10:52 am

The post This Analyst Sees an ‘Extremely Wild’ Bull Run for Solana (SOL), Retik Finance (RETIK), and Shiba Inu (SHIB) appeared first on Coinpedia Fintech News Bull runs create a perfect opportunity for investors to make explosive investment gains. Hence, they always seek coins poised for a profitable bull run. A crypto analyst has researched and analyzed crypto coins’ potentials, leading him to point out three altcoins he believes are in position for a highly wild bull run in 2024. These …

Fetch.ai, Render, and TON (Toncoin) Show Massive Gains as Telegram Reaches 900,000,000 Users

May 7, 2024 | 10:47 am

Telegram has achieved a significant milestone by surpassing 900 million users. Over the past three days alone, TON has experienced an impressive 17% growth, benefiting from Telegram’s expanding reach. Telegram, one of the world’s leading messaging platforms, recently reached 900 million users. This surge in user numbers has had a direct and noteworthy impact on [...]

Slothana Investors Flock To Penguiana’s Presale As Nearly 500 SOL Is Raised In Just 36 Hours!

May 7, 2024 | 10:43 am

The post Slothana Investors Flock To Penguiana’s Presale As Nearly 500 SOL Is Raised In Just 36 Hours! appeared first on Coinpedia Fintech News In the ever-bustling Solana memecoin ecosystem, the Penguiana project has quickly become the newest standout, drawing significant attention and investment from memecoin degens. Notably, many investors from established Solana meme coins such as Slothana & Myro, in search of the next big opportunity, have started flocking to Penguiana’s ongoing presale, demonstrating the strong appeal of …

The Ultimate Guide to Today’s Crypto Trends: Ethereum, Shiba Inu, and Furrever Token

May 7, 2024 | 10:39 am

The post The Ultimate Guide to Today’s Crypto Trends: Ethereum, Shiba Inu, and Furrever Token appeared first on Coinpedia Fintech News As you might know, Ethererum and Shiba Inu were going through highly turbulent times for a while. However, as these top altcoins find stability, a new token emerges with a different tale to tell. With a whimsical approach to the ever-serious altcoin arena, Furrever Token (FURR) celebrates a triumphant presale by offering enthusiasts a chance …

Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money

May 7, 2024 | 10:37 am

Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell […]

Ethereum Struggles Amid ETF Delays and Market Uncertainty: What’s Next For ETH?

May 7, 2024 | 10:30 am

As the cryptocurrency market experiences heightened volatility, Ethereum, a leading altcoin, continues to wrestle with bearish sentiments. The delay in the U.S. Securities and Exchange Commission’s (SEC) approval of the much-anticipated Ethereum ETF has exacerbated this downtrend, contributing to weak buying and selling pressures in the market. Ethereum’s Price Performance

Bitcoin Aid: Brazil Floods Displace Hundreds of Thousands, Crypto Community Steps In

May 7, 2024 | 10:29 am

The National Council of Municipalities (CNM) estimates that the losses from these floods have surpassed $54 million. The Bitcoin community has come together to raise funds, providing various donation addresses, including PIX, Bitcoin via Lightning, and SegWit addresses. The state of Rio Grande do Sul, Brazil, has been grappling with the aftermath of devastating floods, [...]

Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

May 7, 2024 | 10:25 am

LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution […] The post Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry appeared first on CoinJournal.

Binance adds direct deposits and withdrawals for dYdX

May 7, 2024 | 10:19 am

Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will go live once there’s sufficient volume. Binance users can now directly deposit or withdraw dYdX (DYDX) tokens. DYDX is the native token of the L1 protocol dYdX Chain. In an announcement on Tuesday, Binance said […] The post Binance adds direct deposits and withdrawals for dYdX appeared first on CoinJournal.

Dogecoin Millionaire Looking To Double His Capital Now Extremely Bullish On These Four Altcoins

May 7, 2024 | 10:18 am

The post Dogecoin Millionaire Looking To Double His Capital Now Extremely Bullish On These Four Altcoins appeared first on Coinpedia Fintech News A notable Dogecoin investor, having reached millionaire status, is setting sights on growing his wealth even further. His strategy now includes four alternative cryptocurrencies he believes will surge. With the 2024 bull run upon the market, this individual’s choices are especially relevant for those looking to capitalize on the current upswing. This article zeros in …

How To 5-10X Boost Your Portfolio With Super Savvy Altcoins

May 7, 2024 | 10:09 am

The post How To 5-10X Boost Your Portfolio With Super Savvy Altcoins appeared first on Coinpedia Fintech News Savvy crypto investors are on the lookout for the next big opportunity. With the onset of the anticipated 2024 bull run, the spotlight turns to lesser-known coins that could potentially multiply an investment portfolio significantly. This article delves into strategies for identifying and investing in alternative cryptocurrencies with the potential for enormous growth, providing a …

Bitcoin Local Bottom In? Analyst Offers Insights

May 7, 2024 | 10:00 am

In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery [...] The post Bitcoin Local Bottom In? Analyst Offers Insights appeared first on Crypto Breaking News.

This Is Not The Time To Sell Chainlink: Industry Veteran Predicts Price Will Reach New ATH

May 7, 2024 | 10:00 am

Popular cryptocurrency analyst, Michael van de Poppe has predicted a major bullish breakout for Chainlink (LINK), urging investors to hold on to their cryptocurrencies despite market volatility. Analyst Cautions Against Premature Sell-Off In an X (formerly Twitter) post on Monday, May 5, Poppe shared a LINK/BTC price chart, depicting historical price movements from 2018 to […]

Polygon Confronts Stubborn Resistance Amid Market Volatility: Will MATIC Plunge?

May 7, 2024 | 10:00 am

In the midst of a broader bullish wave in the cryptocurrency industry, the Polygon (MATIC) token continues to grapple with breaking through its significant resistance level at $0.7425. This level has proven to be a substantial liquidation point for MATIC, reflecting persistent sell-offs whenever the price approaches this threshold. Polygon

YouTube Influencers Endorsed BDAG Coin, Outshines BlastUp and JUP

May 7, 2024 | 10:00 am

BlastUP is enhancing its platform to better serve the burgeoning needs of crypto startups. Meanwhile, […]

Bull Run Is Coming – Last Chance to Buy Future 20-50X Gainers At Good Entry Point

May 7, 2024 | 09:59 am

The post Bull Run Is Coming – Last Chance to Buy Future 20-50X Gainers At Good Entry Point appeared first on Coinpedia Fintech News The market is showing signs of a surge, presenting a unique opportunity for investors looking for substantial growth. This analysis offers a strategic look at promising options, poised for impressive returns. As the momentum builds, understanding the optimal time to invest could be key to capitalizing on this potential surge. The article lays out a …

Coinbase Gets Hit With New Class Action Lawsuit Accusing Crypto Exchange of Selling Digital Asset Securities

May 7, 2024 | 09:55 am

A newly filed class-action complaint alleges that Coinbase violated US securities laws. The complaint, which was filed in the Northern District of California’s San Francisco division on Friday, claims that the top US crypto exchange has been operating as “part of a shadowy crypto ecosystem operating just outside of the law.” “Its entire business model […] The post Coinbase Gets Hit With New Class Action Lawsuit Accusing Crypto Exchange of Selling Digital Asset Securities appeared first on The Daily Hodl.

5 Micro Cap Crypto Gems to Track This May

May 7, 2024 | 09:48 am

The post 5 Micro Cap Crypto Gems to Track This May appeared first on Coinpedia Fintech News With crypto prices recovering from April’s market-wide selloff, the month of May could present lucrative buying opportunities ahead of the next leg up. However, those seeking the most upside potential should consider micro-cap cryptos. The low market caps of these projects often increase volatility, enabling much higher upswings in bullish market conditions. People will often …

Dogecoin Eyes 25% Surge as Price Targets $0.20 Amid Increasing Open Interest

May 7, 2024 | 09:44 am

Dogecoin has recovered to $0. 12 recently, and thus, it anticipates bursting out of the division line created between its trading around $0. 16. The culmination of more buying than selling among investors is manifest in the swelling OI, a metric that permits foreseeing the markets and price trajectories. Dogecoin (DOGE), the well-known meme-based digital [...]

Crypto Influencers are Backing this GameFi Token to 10x in 2024 – Mega Dice Presale Review

May 7, 2024 | 09:41 am

The post Crypto Influencers are Backing this GameFi Token to 10x in 2024 – Mega Dice Presale Review appeared first on Coinpedia Fintech News The next 10x crypto could come from within the GameFi sector, according to several traders. The domain is buzzing with new, exciting launches every day and is witnessing strong growth and fundraising during this crypto bull market. One new GameFi cryptocurrency – Mega Dice token ($DICE) – is seeing significant demand during its presale phase. …

Hong Kong’s Crypto ETFs: $7M Volume Pales in Comparison to US’s $1.8B

May 7, 2024 | 09:39 am

The Hong Kong Bitcoin ETFs experienced a lackluster start, with trading volumes far below those seen in the U.S. market. Despite the initial excitement, the ETFs have faced challenges, with outflows reported for the first time on May 6. Last week, the spot Bitcoin ETFs went live for trading in Hong Kong creating a strong [...]

Polkadot developer proposes inflation upgrade to enhance transparency

May 7, 2024 | 09:33 am

Polkadot developer Kian Paimani has proposed a flexible inflation upgrade for the network to address the issues tied to the blockchain’s inflation logic. According to the proposal’s GitHub document, the Polkadot relay chain’s current state presents various challenges, including high inflation rates. These stem from outdated infrastructure and parachain slots’ ineffective influence on inflation. Additionally, […] The post Polkadot developer proposes inflation upgrade to enhance transparency appeared first on CryptoSlate.

SEC Postpones Decision on Ethereum ETFs, Cites Need for Further Review

May 7, 2024 | 09:30 am

The wait for an Ethereum exchange-traded fund (ETF) in the U.S. continues. The Securities and Exchange Commission (SEC) announced on May 6th, 2024, that it had extended its review period for the Invesco Galaxy Ethereum ETF by 60 days. This means a decision won’t be reached until July 5th, 2024. This latest delay aligns with […]

What Should Be The Best Presale Investment Strategies for SportsMint?

May 7, 2024 | 09:29 am

The changing decentralized finance market has made presales increasingly attractive to savvy investors who want huge profits. SportsMint is the latest offering that combines cricket, NFTs, and blockchain technology in a Web 3.0 fantasy sports gaming platform. SportsMint has captured the minds of world investors by being innovative and offering

Cash Out Your $NOT With Tezro: Your Gateway To Real-World Value

May 7, 2024 | 09:24 am

Are you sitting on a pile of $Notcoins, wondering how to turn them into tangible value? Look no further! Tezro is thrilled to announce that it is now your go-to platform for effortlessly selling your $Notcoins and cashing in on their potential. Whether you’ve been holding onto your $NOT for

Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

May 7, 2024 | 09:23 am

LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille

Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

May 7, 2024 | 09:23 am

LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution […] The post Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry appeared first on CoinChapter.

Pepe (PEPE) Price Prediction 2024, 2025, 2026-2030

May 7, 2024 | 09:05 am

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

Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem

May 7, 2024 | 09:04 am

Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will [...] The post Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem appeared first on Crypto Breaking News.

PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations

May 7, 2024 | 09:00 am

On-chain data shows PEPE whales have moved large amounts of the memecoin during the past day. Here’s where these tokens have been heading. PEPE Whales Have Been Active On The Network Today According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few hours during the past day. Both of these moves are of a scale that’s typically associated to the whales, humongous entities that can carry some influence in the market thanks to their ability to make such large transfers. Related Reading: Bitcoin To Reach Escape Velocity? Analyst Makes The Case Because of their position on the network, their moves can be worth watching, as they may end up reflecting on the price of the cryptocurrency. As for how exactly the asset may be impacted by the transfers of these investors can come down to what they intended to achieve with the moves. It can be hard to say about any exact motive, but the details of the transactions on the blockhain can sometimes provide hints about the context surrounding it. Below are the details of the first PEPE whale transfer from the past day: Looks like this massive transfer on the Ethereum blockchain took a fee of just $1.14 to go through | Source: Whale Alert As is visible, the sending address in the case of this PEPE whale transaction was an unknown wallet, meaning that it was unattached to any known centralized platform like an exchange. Such wallets are usually the investors’ personal, self-custodial addresses. The receiving address, on the other hand, does have a platform affiliated to it: the cryptocurrency exchange Binance. Thus, it would appear that the whale moved 1,238,332,920,144 PEPE (worth over $10.5 million at the time the transfer went through) from their personal wallet to the custody of the exchange. Transfers of this type are known as exchange inflows. The investors make exchange inflows whenever they want to make use of one of the services that these platforms provide, which can include selling. As such, exchange inflows can end up being bearish for the price. If the whale, in the current case, indeed made the deposit to sell, then PEPE could naturally be negatively impacted, given the large scale of the transaction. Fortunately for the investors of the meme coin, though, the second transaction from today is actually the exact opposite of this transfer; it’s an exchange outflow. The second large PEPE transaction that took place on the network in the past day | Source: Whale Alert As displayed above, this PEPE whale moved coins from Binance to an unknown wallet through this transaction. Investors generally transfer to personal addresses when they plan to hold in the long term, as it’s safer to do so outside the custody of central entities. Thus, it’s possible this whale plans to HODL these coins. Interestingly, the amount involved in this move, 1,241,850,000,000 PEPE ($10.5 million), is quite similar to the exchange inflow. Given that the same exchange is also involved in both, it’s possible that the same whale may in fact be responsible for the both of them. Related Reading: Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says “Hard To Be Bearish” Though, since the addresses don’t quite match, it’s still uncertain. Either way, the fact that an equal-sized exchange outflow has occurred mere hours after should be able to balance out any bearish effects arising out of the inflow, at least in theory. PEPE Price At the time of writing, PEPE is floating around the $0.000008445479 mark, up more than 21% over the past week. The price of the asset appears to have gone up over the last few days | Source: PEPEUSD on TradingView Featured image from Abhi Verma on Unsplash.com, chart from TradingView.com

PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations

May 7, 2024 | 09:00 am

On-chain data shows PEPE whales have moved large amounts of the memecoin during the past day. Here’s where these tokens have been heading. PEPE Whales Have Been Active On The Network Today According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few [...] The post PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations appeared first on Crypto Breaking News.

Going Bankless: Bitcoin Offers The Ultimate Financial Freedom

May 7, 2024 | 08:58 am

It is often said that Bitcoin allows anyone to be their own bank. If you know anything about Bitcoin’s ethos and underlying tech, you’ve likely heard of this concept before. But do you know exactly how that works and why Bitcoin is more suitable as a store of value than your bank? To get the [...] The post Going Bankless: Bitcoin Offers The Ultimate Financial Freedom appeared first on Crypto Breaking News.

A Journey to Crypto Wild West: Why Shiba Shootout is The Best Undervalued Crypto to Buy Now?

May 7, 2024 | 08:53 am

The post A Journey to Crypto Wild West: Why Shiba Shootout is The Best Undervalued Crypto to Buy Now? appeared first on Coinpedia Fintech News In the fast-paced world of cryptocurrencies, where new projects pop up regularly, it can be tough to spot the hidden treasures that could bring in profits. One project getting noticed lately is Shiba Shootout, a meme coin that offers investors a trip to the Crypto Wild West. With its theme, features, and promising tokenomics, Shiba …

Gary Gensler Continues to Show His Ignorance: “Crypto is an outsized piece of the scams, frauds, and problems”

May 7, 2024 | 08:53 am

TL;DR Gary Gensler criticizes the lack of transparency in the crypto market, showing ignorance about its benefits. It highlights the lack of required disclosures for investors in the market. The SEC is taking action against entities such as Robinhood and Trump Media’s auditor for alleged irregularities. Gary Gensler, chairman of the United States Securities and ... Read more

Market Expert Forecasts XRP’s Potential Surge to $3.84: Timeline Revealed

May 7, 2024 | 08:49 am

The top market analyst has projected that XRP is on course to retest ATH by September. The coin could deviate from this course, a scenario that will be unprecedented. EGRAG, a prominent analyst in the crypto market believes XRP could retest its all-time high (ATH) of $3.84 within the current market cycle. The analyst’s prediction [...]

Check Out the Top 5 Crypto Coins Under $1 That Could 100x

May 7, 2024 | 08:47 am

The post Check Out the Top 5 Crypto Coins Under $1 That Could 100x appeared first on Coinpedia Fintech News The crypto industry always offers an opportunity to get into investment projects and make significant gains. However, amid the thousands of top crypto coins available to invest in, it could be difficult to pick out the tokens that’ll bull. Meanwhile, having analyzed the crypto market and the price signals of a notable number of tokens, …

Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows

May 7, 2024 | 08:36 am

According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $217 million in positive inflows, with Grayscale’s Bitcoin Trust (GBTC) also marking its second consecutive day of inflows. US Spot Bitcoin ETFs […]

Why Shiba Inu and Dogecoin whales are aping into DTX Exchange new presale for 100x growth!

May 7, 2024 | 08:35 am

Although the crypto market is brewing with several opportunities, the current trend signifies a period of volatility. This is especially true for meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), whose success hinges heavily on hype and community. However, recent trends suggest a shift in gears for some big-money investors, with whales abandoning ship [...]

Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M

May 7, 2024 | 08:34 am

Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3.2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out. The digital bank announced the launch […] The post Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M appeared first on CoinJournal.

Worldcoin Rockets 44% Post-Buffett Bombshell

May 7, 2024 | 08:30 am

Worldcoin [WLD] surged 30% in a week, emerging as one of today’s hottest crypto tokens, alongside Litecoin’s LTC. Despite hitting a low in late April, the contentious AI token has seen its market cap soar by more than 44% in May. The token’s rebound comes amid Warren Buffett’s recent controversial comments about potentially illicit financial […]

Astar Network’s Stablecoin Lifeline: Grant Aims to Empower Emerging Tokens on zkEVM

May 7, 2024 | 08:29 am

TL;DR Astar Network launches TGE Catalyst Grant on stablecoins to boost the launch of tokens on Astar zkEVM. Strategic collaborations with important centralized exchanges (CEXs) such as HTX, Gate.io, Bitget, MEXC and Poloniex. The grant offers a listing acceleration package, marketing support in CEXs, advice on market strategies and access to the SAMURAI Council. Astar ... Read more

Cardano Creator Proposes Game-Changing Bitcoin Cash Integration To Boost Functionality: Details

May 7, 2024 | 08:26 am

In an unexpected turn of events in the crypto community, the creator of the Cardano network and CEO of IOG (Input Output Global) has recently expressed an interest in Bitcoin offshoot, Bitcoin Cash (BCH).

Bitcoin’s April plunge leads to $2.92 billion in spot outflows

May 7, 2024 | 08:03 am

Quick Take Bitcoin faced massive selling pressure in April 2024, recording its most significant monthly decline of 15% since November 2022, when it dropped over 16%. CryptoSlate previously analyzed the factors contributing to the dip, finding that the conclusion of the US tax season, compounded by various economic factors, prompted the sell-off. However, Bitcoin rebounded […] The post Bitcoin’s April plunge leads to $2.92 billion in spot outflows appeared first on CryptoSlate.

Here’s How This Ethereum Whale Made $16 Million From A Single Trade

May 7, 2024 | 08:00 am

An Ethereum whale was recently revealed to have made $16 million from a single trade involving the second-largest crypto token by market cap. This whale’s story again highlights how conviction in an investment can be very rewarding in the crypto space. How This Ethereum Whale Made $16 Million In A Single Trade On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that the whale withdrew 12,906 ETH ($24.39 million) from Binance when the crypto token was still trading at $1,890 a year ago. With Ethereum currently trading at around $3,100, the whale’s ETH investment is now worth over $40 million, signifying a profit of about $16 million. Related Reading: Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here’s The Target Interestingly, his profits from this trade will likely be more than $16 million, as the trader deposited those tokens in the staking platform Lido when he withdrew them from Binance last year. That means he also earned significant staking rewards to go alongside his $16 million profit. On-chain data shows the whale recently withdrew 7,000 ETH ($21 million) from Lido back to Binance but has yet to offload these tokens. However, that is something to keep an eye on as the whale offloading those tokens could have a negative impact on Ethereum’s price. Tron’s founder, Justin Sun, looks to be another Ethereum whale that could make such significant returns on their ETH investment. Two wallets believed to belong to Sun are reported to have accumulated 295,757 ETH ($891M) at an average price of $3,014 since February 12. Since then, Sun has made some notable moves that could be profitable for him. One such move is that the Tron founder recently deposited 120,000 eETH into Swell L2, a liquid restaking protocol. Although Sun claims that this move isn’t profit-motivated, he could still make huge profits from his venture, considering that restaking is one of the leading narratives at the moment. The Bull Run Presenting A Lot Of Opportunities There have been a lot of reports highlighting how crypto investors and traders have been making life-changing, which suggests that the bull run is already in full force despite Bitcoin’s unimpressive price action lately. One opportunity that these traders have taken advantage of in this market cycle is meme coins. Related Reading: Here’s Why This Crypto Analyst Believes Bitcoin Is At A ‘Prime Buy Zone’ Before the bull run began, there was the belief that memes would be one of the leading narratives, and that has been the case. Bitcoinist recently reported two Solana meme coin traders turned $6,400 into $8 million. Meanwhile, Lookonchain revealed a Solana trader who turned 60 SOL ($8,673) into $1.26 million in 2 months, making a 144x return on his investment. ETH price sees sharp drop | Source: ETHUSD on Tradingview.com Featured image from Reddit, chart from Tradingview.com

AI-Powered Meme Coin WienerAI Passes $1M in ICO, Analysts Expecting 10x Returns

May 7, 2024 | 08:00 am

Crypto investors can’t seem to get enough of AI and meme coins lately – and WienerAI (WAI) is delivering a double dose of both. This new project, which combines artificial intelligence with dog memes, has already raised over $1 million in its initial coin offering (ICO) and caught the attention of prominent analysts in the […]

Here’s How This Ethereum Whale Made $16 Million From A Single Trade

May 7, 2024 | 08:00 am

An Ethereum whale was recently revealed to have made $16 million from a single trade involving the second-largest crypto token by market cap. This whale’s story again highlights how conviction in an investment can be very rewarding in the crypto space. How This Ethereum Whale Made $16 Million In A Single Trade On-chain analytics platform [...] The post Here’s How This Ethereum Whale Made $16 Million From A Single Trade appeared first on Crypto Breaking News.

WIF’s road to $5 – After latest 20% price hike, how feasible is it?

May 7, 2024 | 08:00 am

WIF bulls may experience a roadblock as negative sentiments linger in the market.

Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act

May 7, 2024 | 08:00 am

The new bill, which seeks to protect the residents’ right to mine, own, and trade digital currencies, is at advanced stages in Nebraska, South Carolina, and Tennessee. [...] Read More... The post Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act appeared first on CoinGeek.

Clone Protocol Integrated on Jupiter: Introduces DOGE, BNB Trading on Solana’s Largest DEX

May 7, 2024 | 07:56 am

Jupiter has announced the integration of the Clone Protocol, enabling users to trade non-native Solana tokens such as BNB and DOGE on the ecosystem’s largest decentralised exchange. The integration eliminates the need to use bridges; users can now leverage cloned assets (clAssets) on Clone, which offer a wrapped version of the original token on a [...]

Join Morph’s Revolution with the Launch of Holesky Testnet

May 7, 2024 | 07:55 am

Morph, an Ethereum layer 2 leading a Consumer Blockchain revolution, has announced the launch of its latest advancement, its Holesky Testnet. This new development comes on the heels of their successful Morph Sepolia Testnet and introduces a highly anticipated platform that showcases significant improvements in blockchain infrastructure and application. Already known for its commitment to [...]

Earning $1000 Daily at Home Using a Cryptocurrency Mining Platform (Passive Income)

May 7, 2024 | 07:46 am

Over the years, more and more people are seeking easy ways to generate passive income from home, and cloud mining is becoming an extremely popular option. In this article, we’ll examine why the Inccrypto cloud mining platform may be a reliable option for those looking to make money online in 2024. What is Cloud Mining? [...]

As Web3 Matures, Do We See Actual Decentralized Governance?

May 7, 2024 | 07:41 am

When blockchain began to mature into what we see as Web3 today, and platforms began developing more and more complex use cases, one of the biggest dreams for this ecosystem was a collection of large, powerful platforms that could accomplish amazing feats impossible for Web2 websites and social media platforms. More so, the concept of [...]

XRP Price Forecast: Analysts Predict Imminent Surge Based On Technical Signals

May 7, 2024 | 07:30 am

According to the insights from two renowned crypto analysts, Charting Guy and Tony, XRP is on the verge of a big price move in the fast-moving world of cryptocurrency. The two experts have identified convincing patterns and technical signals pointing to a positive price trend for XRP. Charting Guy, a popular name in the crypto […]

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

May 7, 2024 | 07:14 am

Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as […] The post New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan appeared first on CoinJournal.

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

May 7, 2024 | 07:10 am

Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as [...]

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

May 7, 2024 | 07:05 am

Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as […] The post New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan appeared first on CoinChapter.

Ethereum (ETH) Stumbles Twice as Hard as Bitcoin (BTC): Is the FOMO Fading?

May 7, 2024 | 07:03 am

TL;DR ETH vs BTC Performance: Ethereum (ETH) experienced a significant 44% drop in value, which is over twice as severe as Bitcoin’s (BTC) 21% correction. This divergence in performance has led to questions about Ethereum’s speculative appeal and investor confidence. Speculative Interest: There’s a noticeable decline in speculative interest for Ethereum, especially among short-term holders, ... Read more

Cardano (ADA) Trading Activity Goes Quiet: Will This Drag Down The Price?

May 7, 2024 | 07:00 am

Cardano (ADA), the third-generation blockchain platform, has been mirroring a mountain climber clinging to a precarious ledge. After a brief ascent earlier this month, the price has dipped back down, leaving investors questioning the strength of the current uptick. While a recent surge in active addresses hints at renewed interest, technical indicators and declining trading [...] The post Cardano (ADA) Trading Activity Goes Quiet: Will This Drag Down The Price? appeared first on Crypto Breaking News.

How ‘hostile’ U.S crypto regulations will benefit Coinbase, per exec

May 7, 2024 | 07:00 am

Coinbase’s business is reportedly booming amidst aggressive U.S. regulations.

BSV Blockchain unveils Mandala Upgrade: Enabling unbounded scaling and other benefits

May 7, 2024 | 07:00 am

BSV Blockchain's new Mandala upgrade allows the BSV blockchain to scale quadratically in the coming years; its key components include Teranode, Overlay services, and SPV Wallet. [...] Read More... The post BSV Blockchain unveils Mandala Upgrade: Enabling unbounded scaling and other benefits appeared first on CoinGeek.

Australian tax office targets 1.2M crypto investors for tax compliance

May 7, 2024 | 06:58 am

Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax evasion has gained momentum, especially in Canada, Turkey, and the U.S. In a move aimed at enforcing tax compliance within the burgeoning crypto market, the […] The post Australian tax office targets 1.2M crypto investors for tax compliance appeared first on CoinJournal.

Bitcoin Price Rebounds from Crucial Support Level – Bulls Charge Ahead

May 7, 2024 | 06:51 am

NAIROBI (Coinchapter.com) – Bitcoin’s unwavering momentum has captured the attention of crypto enthusiasts as the price of the leading digital asset triumphantly rebounds from a critical support level. this has ignited a renewed sense of optimism within the market. In a remarkable display of resilience, the Bitcoin price has defied expectations by rebounding from the […] The post Bitcoin Price Rebounds from Crucial Support Level – Bulls Charge Ahead appeared first on CoinChapter.

RD Technologies partners with Chainlink for secure HKD stablecoin transfers

May 7, 2024 | 06:48 am

RD Technologies, a leading blockchain solutions provider, has partnered strategically with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration marks a significant milestone in enhancing interoperability and accessibility within the cryptocurrency ecosystem, paving the way for seamless transactions across different blockchain …

Expert must-buy cryptos for May: ETH, NEAR, OP and BLP

May 7, 2024 | 06:45 am

As anticipation surrounds the 2024 bull run, specific cryptocurrencies stand out due to their performance, […]

Chainlink Integration to Boost Security and Reliability of RD Technologies’ HKD Stablecoin

May 7, 2024 | 06:34 am

RD Technologies has announced that it will be integrating Chainlink CCIP and Proof of Reserve to power its stablecoin backed by the Hong Kong dollar. This collaboration will help secure and enable reliable cross-chain transfers of the HKDR stablecoin. Chainlink’s reputation continues to grow, with multiple projects and firms collaborating with the network to ensure [...]

Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC

May 7, 2024 | 06:33 am

According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. […]

US Bitcoin ETFs see record outflows as Hong Kong counterparts thrive

May 7, 2024 | 06:32 am

CoinShares’ latest weekly report revealed that crypto-related investment products saw their fourth consecutive week of negative flows, dominated by the “measurable outflows from the newly issued ETFs in the US.” According to the report, the market saw an outflow totaling $251 million, with the Newborn Nine spot Bitcoin ETFs accounting for over 60%, or $156 […] The post US Bitcoin ETFs see record outflows as Hong Kong counterparts thrive appeared first on CryptoSlate.

Grayscale’s GBTC spot Bitcoin ETF rakes in $4M

May 7, 2024 | 06:30 am

The GBTC spot exchange-traded fund belonging to Grayscale managed to rake in $4 million within the converted trust. This was the second inflow. This is after 78 days of the GBTC ETF net outflows when it came in for a further .$63 million. From the time GBTC converted into the spot bitcoin trust earlier this …

Digital Asset Investment Stumbles: Weekly Outflows Reach US$251 Million

May 7, 2024 | 06:26 am

TL;DR Digital asset investment fund outflows amounted to US$251 million, marking the fourth consecutive negative period. ETFs debuted in Hong Kong with resounding success, attracting fund inflows of US$307 million in the first week. Ethereum broke a seven-week streak of net outflows with inflows totaling US$30 million, while Bitcoin recorded net outflows of US$284 million. ... Read more

Colombia’s largest bank launches crypto exchange and peso-pegged stablecoin

May 7, 2024 | 06:25 am

Bancolombia launches Wenia crypto exchange and COPW stablecoin in Colombia. The new crypto exchange aims to onboard 60,000 users in 1st year to compete with Binance and Bitso. Wenia is registered in Bermuda and will operate independently from other Bancolombia Group entities. Bancolombia, the largest bank in Colombia, has made a significant foray into the […] The post Colombia’s largest bank launches crypto exchange and peso-pegged stablecoin appeared first on CoinJournal.

New era of the sports industry: Support young football players through tokens

May 7, 2024 | 06:15 am

Blockchain Sports is the first international sports project building the future of world football, by […]

HBAR Foundation to promote Web3 Interoperability through partnerships

May 7, 2024 | 06:11 am

The Hedera Network, Stacks, Moonriver, and Iron Fish have all signed up for the devnet-phase pilot of Interchain Amplifier, a revolutionary service created by Interop Labs for the Axelar network. This is the first service of its kind, as it enables permissionless connectivity across leading blockchain networks such as Bitcoin and Ethereum, EVM chains, IBC, …

Blast Ecosystem grows on new “Jackpot” incentive

May 7, 2024 | 06:11 am

After the announcement of Jackpot, tokens in the Blast ecosystem—an Ethereum Layer 2 solution—have surged in price. PacMoon has risen over 30%, Juice Finance is about 40%, and notable NFTs like Blastopians are up nearly 50%. Interestingly enough, this rise in token prices within the Blast ecosystem is in stark contrast with the lackluster performances …

TON Network Surpasses $200 Million TVL, Setting New Records

May 7, 2024 | 06:06 am

TL;DR TON Network Hits $200 Million TVL: The TON network achieved a significant milestone by surpassing a Total Value Locked (TVL) of $200 million. This growth is driven by the recent launch of the Open League within the TON ecosystem. Open League and DeFi Protocols: The TON Network’s valuation increase can be attributed to hosting ... Read more

3 altcoins to watch amid 2024 market speculation

May 7, 2024 | 06:02 am

The crypto market rejoiced in 2024 as the year brought the industry back to its feet. While the market has entered a slight slump in the past several weeks, the year has been a lifesaver for cryptocurrencies for the most part. That is why investors are trying to find the best altcoins amid market speculation. …

Dormant Bitcoin Wallet From Satoshi Era Transferred 687 BTC Worth $43.9M

May 7, 2024 | 06:01 am

A long-dormant Bitcoin wallet dating back to the "Satoshi era" has sprung back to life after over 10 years. The crypto wallet transferred 687 BTC, worth $43.9 million at current prices. On May 6, 2024, it moved its entire holdings to two separate wallets. The post Dormant Bitcoin Wallet From Satoshi Era Transferred 687 BTC Worth $43.9M appeared first on CoinChapter.

Enter the Wasteland: Survive, Conquer and Thrive in a Post-Apocalyptic Playground with DECIMATED

May 7, 2024 | 06:01 am

Singapore, Singapore, May 7th, 2024, Chainwire As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and PvE online game experience, invites players to an unprecedented journey through a vast dystopian landscape. [...]

End the Tetheral Reserve?

May 7, 2024 | 06:00 am

If Tether collapses, majority of global liquidity will go with it, and so will a sizable chunk of value held in equity around the blockchain economy. [...] Read More... The post End the Tetheral Reserve? appeared first on CoinGeek.

This Week’s Crypto Watchlist: Top Coins Poised For Gains

May 7, 2024 | 06:00 am

In a post on X, crypto analyst Miles Deutscher laid out his strategic predictions for high-performing cryptocurrencies in the upcoming week to his 501,700 followers. His analysis delved deep into Bitcoin’s trading patterns, the surging AI-driven altcoin sector, and specific tokens that are displaying considerable potential due to recent developments and broader market dynamics. Bitcoin [...] The post This Week’s Crypto Watchlist: Top Coins Poised For Gains appeared first on Crypto Breaking News.

Revolut X: Fintech Firm Ventures into Crypto Exchange Arena

May 7, 2024 | 05:55 am

London-based digital banking firm Revolut has introduced Revolut X, a cryptocurrency exchange tailored for professional traders, marking the institution as the pioneer in developing a dedicated platform for cryptocurrency trading within the banking sector.Crypto Offerings with New Exchange PlatformWith a user base of 40 million worldwide, Revolut has already facilitated cryptocurrency transactions through its Revolut App. However, the decision to unveil a separate crypto exchange was disclosed in February, aiming to provide a more specialized trading experience.The newly launched exchange offers customers the advantage of trading directly from the platform, ensuring lower transaction fees. Fee structures have been delineated, with makers incurring zero charges and takers facing a nominal fee of 0.09%.Revolut’s Head of Crypto Exchange Product, Leonid Bashlykov, said: “We are excited by the introduction of our new crypto product and believe this top-tier trading platform will change the game for experienced crypto traders, providing them with a safe and accessible place to trade.”Integration for UK Customers into Crypto TradingThe platform, now available on desktops for UK customers holding Revolut retail accounts, features digital assets already present on the Revolut retail app, including Bitcoin, Ethereum, and XRP, with plans for further expansion.Revolut launches its new exchange, #RevolutX, designed for experienced traders with 0% maker fees and powerful analytical tools 📊 These tools are far more advanced than their traditional app, tailoring Revolut X for high-volume trading strategies 💧📈 pic.twitter.com/U7y0SuLpdR— BrotherHood (@BHVenture) May 7, 2024Customers with existing UK Revolut retail accounts can access the new crypto exchange using their current credentials. Additionally, they can execute crypto-to-fiat and vice versa transactions between Revolut X and Revolut at no extra cost. Educational resources integrated within the Revolut app further promote responsible trading practices among users.Prior to this launch, Revolut had been enhancing its platform, including the recent introduction of Revolut Ramp in collaboration with MetaMask. This integration, unveiled in March, streamlines the process of purchasing cryptocurrency for Revolut clients, accessible through MetaMask's mobile app, browser extension, or portfolio.Revolut users can now expand their MetaMask self-custody wallet with minimal fees using their Revolut account or Visa/Mastercard credit or debit cards, as outlined in the release on the company's blog page. This article was written by Tareq Sikder at www.financemagnates.com.

Polygon Unveils Miden: The Game-Changing ZK-Rollup for Ethereum

May 7, 2024 | 05:55 am

TL;DR Polygon announces the launch of Miden, its latest ZK-rollup solution, in an effort to improve Ethereum scalability. Miden utilizes zero-knowledge technology to verify data without revealing its content, enhancing network privacy and efficiency. Despite the updates, Polygon’s native token, MATIC, experienced a 4.75% decrease. Polygon, a leader in developing scaling solutions for Ethereum, has ... Read more

Could Chinese Investors Soon Access Bitcoin ETFs in Hong Kong?

May 7, 2024 | 05:53 am

Could mainland Chinese investors soon gain access to Spot Bitcoin exchange-traded funds (ETFs) newly launched in Hong Kong? Comments from a prominent crypto investor have ignited rumors of potential policy shifts that could open this door. The post Could Chinese Investors Soon Access Bitcoin ETFs in Hong Kong? appeared first on CoinChapter.

Shiba Inu layer 3 blockchain will energize blockchain landscape

May 7, 2024 | 05:50 am

According to the chairman of Cypher Capital, the community’s passion and support are essential for the success of any blockchain project. Despite a turbulent and challenging 2023, Shiba Inu remains committed to their vision of creating an inclusive cryptosystem. The company is actively designing a new privacy-focused layer 3 blockchain, concurrently developing its metaverse and …

Bitcoin whale’s dormant wallet reactivates after a decade

May 7, 2024 | 05:48 am

In an unexpected turn of events that has created discussion and intrigue in the cryptocurrency industry, a dormant Bitcoin wallet belonging to a well-known whale has unexpectedly resurfaced after being idle for over a decade. The rapid activity in the wallet, which contains a significant amount of Bitcoin accumulated during the cryptocurrency’s early days, has …

Revolut’s new crypto exchange goes live

May 7, 2024 | 05:40 am

Revolut has launched Revolut X, a new crypto exchange platform for pro traders. The exchange will initially only be availabe to UK users. Revolut’s new crypto trading platform Revolut X is now live, the fintech company announced on Tuesday. Revolut X brings retail crypto trading to UK customers and offers a number of top features […] The post Revolut’s new crypto exchange goes live appeared first on CoinJournal.

NFT Crypto Coins — Top 10 Market Players

May 7, 2024 | 05:38 am

NFT crypto coins, or Non-Fungible Tokens, are digital assets that represent ownership of a unique item or content on a blockchain. Unlike traditional cryptocurrencies, which are identical and can be exchanged like-for-like, NFTs are unique. Each token has its distinct properties and value, primarily hinged on its rarity and the demand for the asset it represents, such as digital art, collectibles, or real estate in virtual worlds. The post NFT Crypto Coins — Top 10 Market Players appeared first on CoinChapter.

BytePlus and Mysten Labs join hands to explore Web3 gaming

May 7, 2024 | 05:35 am

BytePlus, the parent company of TikTok, is now venturing out to explore Web3 gaming. It has entered into a strategic partnership with Mystic Labs. The objective is to enhance the blockchain ecosystem of Sui Network, making it a pivotal moment for the said segment of the industry along with SocialFi. Details are currently restricted about …

IOTA’s Impact: TLIP and MLETR Spearhead Trade Finance Revolution

May 7, 2024 | 05:34 am

By leveraging IOTA’s distributed ledger technology, TLIP aims to reduce costs, enhance efficiency, and mitigate risks across various sectors, promising a democratized future for trade finance. TLIP’s innovative features, including tokenization, risk engine capabilities, and document authentication, align with the goals of MLETR to streamline the digital transfer of ownership documents in trade finance. In [...]

Polygon (MATIC) Is Poised For Surge: Analyst Eyes Breakout Towards $1.30 – $1.50 Price Range

May 7, 2024 | 05:30 am

Polygon (MATIC) seems ready to regain strength after a dip in value. The cryptocurrency market has bounced back, pushed up by Bitcoin’s recent upswing. MATIC has shown resilience; from its recent low at $0.59, it has managed to bounce back despite enduring a month-long decline of nearly 20%. Over the last week, it has increased […]

DOGE Outperforms XRP In the Crucial Metric as KANG Set to Grow 700% Before Official Launch

May 7, 2024 | 05:30 am

According to Santiment, whale activity has increased over the past six months, with Dogecoin outplaying XRP, ADA, and other major altcoins in the crypto market. Amid all this, rumors have been cleared regarding Elon Musk testing Ripple (XRP) payments. Meanwhile, KangaMoon (KANG), the new upcoming altcoin, has been outperforming the expectations of many, having surpassed [...]

Bitcoin is More Bullish Than You Think, Mates!

May 7, 2024 | 05:25 am

According to Fidelity Investments, Bitcoin is poised for another bull market, evidenced by its reduced volatility and maintenance of record-high prices over the last year. This stability is characteristic of mature assets, indicating that Bitcoin is transitioning away from its speculative early stages. The post Bitcoin is More Bullish Than You Think, Mates! appeared first on CoinChapter.

Research Reveals Crypto’s Top Real-World Assets by Development: These Altcoins May be the Future

May 7, 2024 | 05:22 am

TL;DR The fusion of real-world assets (RWAs) with blockchain technology is gaining importance. Chainlink (LINK) and Synthetix (SNX) are two altcoins that are trending in the crypto space due to their integration with RWAs. Chainlink’s decentralized oracle network is crucial for integrating off-chain data into the on-chain ecosystem, while Synthetix facilitates the creation of synthetic assets on ... Read more

Bitcoin exchange inflows witnessing a real downslide

May 7, 2024 | 05:19 am

BTC exchange inflows have been declining for some time, as CryptoQuant author Axel Adler Jr. noted in a post on X. Where the exchange inflow is concerned, it is an on-chain identifier tracking the full volume of Bitcoin that investors have deposited into wallets connected with centralized exchanges. The increased metric signifies that holders are …

Poloniex Hacker Makes First Move: Transfers Funds to Tornado Cash

May 7, 2024 | 05:16 am

TL;DR The Poloniex hacker attempts to launder stolen funds by transferring 1,100 Ethereum to Tornado Cash. It is the first time the cybercriminal moves the funds since the hack. The Poloniex attack resulted in the loss of $100 million in November last year. The hacker responsible for the massive theft at the Poloniex exchange has ... Read more

As Marathon Digital joins S&P SmallCap 600, shares surge 18%

May 7, 2024 | 05:15 am

Quick Take Marathon Digital Holdings Inc. (MARA), the largest Bitcoin mining company in terms of market cap, is set to join the S&P SmallCap 600 index, effective before the opening of trading on May 8. The news, announced on May 3, sent Marathon’s share price soaring 18% on May 6. Marathon will replace Aaon Inc. […] The post As Marathon Digital joins S&P SmallCap 600, shares surge 18% appeared first on CryptoSlate.

German State-Owned Bank Embraces Bitcoin and Crypto : KfW to Issue Blockchain-Based Digital Bond

May 7, 2024 | 05:06 am

German state-owned bank, KfW, is taking an interest in the cryptocurrency industry as it prepares to issue a blockchain-based digital bond. The bank treasurer reveals that this move will bring increased efficiency and scalability as well as attracting more investors. German state-owned bank, KfW, is poised to embrace the cryptocurrency industry, signifying a huge shift [...]

Dylan LeClair Joins “MicroStrategy of Asia” as Director of Bitcoin Strategy

May 7, 2024 | 05:06 am

Metaplanet, a decades-old Japanese Public company providing hospitality and technology-related services, recently announced a major strategic pivot – embracing Bitcoin as a core corporate treasury asset. Last month, Metaplanet revealed it acquired over $6 million worth of Bitcoin, marking the company’s foray into digital assets. This mirrors MicroStrategy’s pioneering move to allocate part of its reserves to [...] The post Dylan LeClair Joins “MicroStrategy of Asia” as Director of Bitcoin Strategy appeared first on Crypto Breaking News.

Why Is The Bitcoin Price Falling Today?

May 7, 2024 | 05:00 am

Bitcoin (BTC) has experienced a price slowdown, having recently recovered above $60,000. This tepid price movement is believed to be due to a couple of factors, including the reduced demand for the Spot Bitcoin ETFs. Spot Bitcoin ETFs Have Lost Their Spark The Spot Bitcoin ETFs recorded billions of dollars in net inflows in the [...] The post Why Is The Bitcoin Price Falling Today? appeared first on Crypto Breaking News.

Mysten Labs offers the mobile version of Sui Wallet

May 7, 2024 | 04:59 am

Mysten Labs is pleased to announce the release of the Sui Wallet mobile version. Sui Wallet is now compatible with both iOS and Android, enabling mobile banking for digital assets and SUI. The Sui wallet’s mobile version provides the same functionality as the browser extension but with the added convenience of asset management and app …

ethXverse Launches a Revolutionary Multi-Chain Token on Major EVM-Compatible Networks

May 7, 2024 | 04:56 am

Today marks the official launch of ethXverse, a new decentralized finance (DeFi) token designed to operate seamlessly across multiple EVM-compatible networks including Ethereum, BNB Chain, Polygon, Avalanche, and Arbitrum. This innovative token aims to foster a robust ecosystem around decentralized finance, offering users unprecedented flexibility and utility across various blockchain platforms. ethXverse is designed for [...] The post ethXverse Launches a Revolutionary Multi-Chain Token on Major EVM-Compatible Networks appeared first on Crypto Breaking News.

Pepe Coin Eyes a Holy Moly 900% Price Explosion

May 7, 2024 | 04:53 am

Pepe coin price painted a bullish rally with more than 35% gains since May 1 to reach a daily high near $0.000008 on May 6. The post Pepe Coin Eyes a Holy Moly 900% Price Explosion appeared first on CoinChapter.

Big-time players in Ethereum increase trade volumes

May 7, 2024 | 04:53 am

The big-time players in Ethereum are increasing their volume of trading exponentially, seemingly putting in a quandary the balance of Ethereum’s pricing. Other factors include the impact on the mood of investors and the crypto space. Due to this, analysts and market observers have adopted the wait-and-watch formula while the big players are engaged in …

Why did the S&P 500 and the Nasdaq rally after the weaker-than-expected payroll report?

May 7, 2024 | 04:49 am

The latest US job report, published last Friday, has shown the following data: 175,000 US jobs were added in April, well below the expectations of 243,000 jobs total jobs in the US increased by 1.8% over the last year. This data is the lowest YoY growth rate since March 2021 the US Unemployment Rate went [...] The post Why did the S&P 500 and the Nasdaq rally after the weaker-than-expected payroll report? appeared first on Crypto Breaking News.

Shiba Inu’s ‘Royal’ Soar at TOKEN2049: Leading Decentralization Revolution

May 7, 2024 | 04:30 am

Shiba Inu (SHIB), the renowned cryptocurrency ecosystem, recently made its mark at the prestigious TOKEN2049 conference in Dubai. As a gold sponsor, Shiba Inu seized the opportunity to showcase its commitment to shaping the financial landscape alongside its dedicated community members. The first edition of this year’s TOKEN2049 conference, held on April 18 and 19, […]

Investors Swarm Back to Bitcoin ETFs with $217 Million Surge, GBTC Reversal Sparks Frenzy

May 7, 2024 | 04:28 am

TL;DR The Bitcoin ETF market records two consecutive days of positive inflows totaling $217 million, sparking optimism among investors after weeks of stagnation. GBTC, IBIT, and Fidelity lead the investment wave, with inflows of $3.9 million, $21.5 million, and $99.2 million respectively. Other providers such as Bitwise, ARK, Invesco, Franklin, and VanEck also experience positive ... Read more

Polygon unveils Miden Alpha Testnet: Boosting ETH app development

May 7, 2024 | 04:25 am

Polygon, an Ethereum-oriented layer 2 upgrading service, has delivered the Miden Alpha Testnet as a zk platform targeting builders. Through this, users will be provided with the option of producing proofs about their state transformations. Miden helps improve privacy factors for builders, making way for increased output applications. Polygon is reaching out to builders to …

SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering

May 7, 2024 | 04:00 am

Robinhood is scheduled to report its Q1 financials on May 8, and the analyst call may reveal further details regarding the company's SEC's issues. [...] Read More... The post SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering appeared first on CoinGeek.

Ethereum developers launch ‘EIP-3074’ to improve Crypto Wallet UX

May 7, 2024 | 04:00 am

In a bid to streamline and enhance the user experience of cryptocurrency wallets on the Ethereum network, developers have proposed Ethereum Improvement Proposal 3074 (EIP-3074). This latest initiative aims to address common pain points faced by users when interacting with Ethereum wallets, offering potential solutions to improve accessibility, security, and functionality. EIP-3074 adds new capabilities …

EigenLayer: 3 Things You Must Know About Ethereum L2 Project

May 7, 2024 | 03:34 am

EigenLayer has emerged as a notable player in the realm of Ethereum Layer 2 solutions, fundamentally enhancing both security and scalability. The post EigenLayer: 3 Things You Must Know About Ethereum L2 Project appeared first on CoinChapter.

Mow’s Bold Bitcoin Declaration: Monetary Dark Ages Over in 2009

May 7, 2024 | 03:30 am

In a recent social media post on X, Samson Mow, the CEO of Jan3, a company dedicated to assisting nation-states in adopting Bitcoin (BTC), sent a resounding message to the cryptocurrency community. Reflecting on January 3, 2009, Mow emphasized its significance as a pivotal moment in global monetary history, marking the genesis of BTC and […]

Bitget Launches Elite Trader Campaign With Five Prestige Crypto Influencers

May 7, 2024 | 03:25 am

Victoria, Seychelles, May 7th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, proudly announces the launch of its latest marketing campaign, Elite Trader. This initiative is designed to empower traders with innovative features and expert insights, fostering accessibility, efficiency, and education for all users. The Elite Trader campaign represents Bitget’s commitment to […] The post Bitget Launches Elite Trader Campaign With Five Prestige Crypto Influencers appeared first on CoinJournal.

Will Elon Musk Really Accept PI Coin Payments?

May 7, 2024 | 03:21 am

Pi Network, the mobile-based crypto mining project, has started leveling up its shilling game, and has involved Elon Musk in it. The post Will Elon Musk Really Accept PI Coin Payments? appeared first on CoinChapter.

Ongoing SEC vs. Ripple legal battle awaits crucial developments

May 7, 2024 | 03:18 am

The tussle between the Securities and Exchange Commission and Ripple has yet to see any forthcoming closure, with charges and countercharges being leveled, as per James K. Filan, a seasoned lawyer. A recent statement from Filan divulged that the SEC, via a closed document, had handed over its remedial response and associated exhibits to the …

Bitcoin slips to $63K amid increased U.S. regulatory pressure

May 7, 2024 | 03:15 am

Speculations are doing the rounds that though Bitcoin is experiencing a downward slide to $63,000, it will soon make a substantial recovery. The reason for the drop is being attributed to the added regulatory strictures. The price ups and downs continued following RobinHood, a brokerage business, informing that they had come in for a Wells …

SEC’s Critical Ethereum ETF Decision Delayed Until July — What’s Next?

May 7, 2024 | 03:14 am

On May 6, the U.S. Securities and Exchange Commission (SEC) delayed its decision on Invesco Galaxy's spot Ether ETF application by two months to July 5. The agency said that it needs more time to examine the application, especially because of the involvement of Ethereum, which it may deem security. The post SEC’s Critical Ethereum ETF Decision Delayed Until July — What’s Next? appeared first on CoinChapter.

Is Kibho Coin A Very Dangerous Crypto Ponzi Scheme?

May 7, 2024 | 03:02 am

Kibho Coin, which claims to be India's first cryptocurrency, entered the market with substantial promises to revolutionize digital finance. The post Is Kibho Coin A Very Dangerous Crypto Ponzi Scheme? appeared first on CoinChapter.

Hong Kong will possibly become the hub of global crypto firms

May 7, 2024 | 03:00 am

As crypto regulators in the US step up their scrutiny of the industry, crypto companies and founders are seeking for more welcoming environments abroad to fuel their expansion. Notably, global crypto firms and entrepreneurs are relocating to Hong Kong for opportunity and refuge. The crypto industry community members are heading overseas in search of a …

SOL Price Prediction – Why Solana’s 15% Rise Could Fade At $165

May 7, 2024 | 02:54 am

Solana (SOL) is attempting a fresh increase from the $120 support. The bulls must clear the $165 resistance to push the price toward $200. The post SOL Price Prediction – Why Solana’s 15% Rise Could Fade At $165 appeared first on CoinChapter.

Australia cracks down on taxes, requests crypto exchange client data

May 7, 2024 | 02:40 am

Australia has escalated its efforts to bolster tax compliance and combat potential tax evasion within the burgeoning cryptocurrency sector by seeking client data from cryptocurrency exchanges operating within its jurisdiction. This latest development underscores the Australian government’s commitment to ensuring that individuals and businesses involved in cryptocurrency transactions fulfill their tax obligations. The Australian Taxation …

Analysts’ Bold Prediction: Bitcoin to Hit $150,000 by 2025

May 7, 2024 | 02:30 am

In the ever-volatile world of cryptocurrency, Bitcoin has been a focal point of both excitement and anxiety. While recent weeks have seen a modest retreat in its price, analysts at Bernstein are doubling down on their bullish outlook, foreseeing a remarkable trajectory for the leading cryptocurrency. Gautam Chhugani and Mahika Sapra, analysts at Bernstein, have […]

Filecoin releases key report summarizing its Q1 2024 performance

May 7, 2024 | 02:15 am

Filecoin recently shared its Q1 2024 report with the general public. The report showcased an overview of the network’s performance this year. According to the report, Filecoin’s storage market has grown remarkably in 2024. Its active deals have gone up 9% in the Quarter-on-Quarter analysis. Its utilization increased from 18% in 2023 Q4 to 23% …

Bill aims to provide tax clarity on staking digital currencies

May 7, 2024 | 02:00 am

Rep. Drew Ferguson (R-GA) says the U.S.’ approach to digital asset rewards is overly complex, leading to confusion, double taxation, and overseas relocation of U.S. companies. [...] Read More... The post Bill aims to provide tax clarity on staking digital currencies appeared first on CoinGeek.

MetaMask unveils Smart Transactions for streamlined user experience

May 7, 2024 | 01:55 am

MetaMask comes out with smart transactions through which users can carry out 99.5% of successful transactions and an array of added facilities. MetaMask is involved in linking persons globally to multiple blockchain applications, boosting an enormous amount of transactions on a daily basis. From this, the company has been able to identify the bottlenecks that …

BEFE coin’s future: Analysts declare massive 2000% price surge ahead

May 7, 2024 | 01:32 am

The cryptocurrency market is full of undeclared potential, and people are still finding a reason to start investing in it. But what if someone told all these people that their investment today may increase by 2000% in just a few days? Well, then, more than half of them would be interested in knowing how. That …

Philippines SEC to Release Crypto Regulatory Framework by Year’s End

May 7, 2024 | 01:30 am

The Philippine Securities and Exchange Commission (SEC) is impacting the crypto industry with a two-pronged strategy: enforcing unregistered platforms and creating a regulatory structure for the future. Investors and fans can anticipate clearer guidance by late 2024, as the SEC Chair, Emilio B. Aquino, confirmed plans to release cryptocurrency asset and trading guidelines. This action […]

Shiba Inu: Bold Shib Army Advocate Sparks Crypto Revolution

May 7, 2024 | 00:37 am

In the ever-evolving landscape of cryptocurrency, the Shiba Inu community stands out as a vibrant and dedicated collective, fueled by the mantra “We are all Ryoshi.” This ethos, coined by the enigmatic creator of Shiba Inu, underscores the collective responsibility of every member in the community towards the project’s success. Recently, DaVinci, the pseudonymous administrator […]

BTC-e Founder Pleads Guilty in $9B Crypto Money Laundering Scheme

May 7, 2024 | 00:29 am

Alexander Vinnik, a co-founder of the notorious cryptocurrency exchange BTC-e, has pleaded guilty to a money laundering conspiracy charge. The admission comes after extensive investigations uncovered widespread illicit activities on the exchange. The post BTC-e Founder Pleads Guilty in $9B Crypto Money Laundering Scheme appeared first on CoinChapter.

Blockchain developers wanted at BSV DevCon 2024 in London

May 7, 2024 | 00:00 am

The BSV DevCon 2024, set to take place a day before the London Blockchain Conference, calls on developers to gather and participate in discovering what a true utility blockchain can do. [...] Read More... The post Blockchain developers wanted at BSV DevCon 2024 in London appeared first on CoinGeek.

How to Add BEVM to MetaMask

May 6, 2024 | 22:47 pm

MetaMask is a popular cryptocurrency wallet and browser extension that allows users to interact with decentralized applications (dApps) on the Ethereum blockchain. Adding the BEVM to MetaMask can open up a whole new world of possibilities for users, including access to a wider range of tokens and dApps. In this article, we will guide you ... Read more

Amazon records largest quarterly operating profit, boosted by AI

May 6, 2024 | 22:00 pm

Amazon recorded $143.3 billion in Q1 revenue, beating Wall Street estimates, with its focus on AI “reaccelerating” growth for AWS, its cloud computing division. [...] Read More... The post Amazon records largest quarterly operating profit, boosted by AI appeared first on CoinGeek.

EU partners with Japan to tackle digital IDs, AI

May 6, 2024 | 20:00 pm

The EU's partnership with Japan isn't only geared toward supporting innovation and boosting their competitiveness in the tech space but is said to help even out the EU's AI playbook. [...] Read More... The post EU partners with Japan to tackle digital IDs, AI appeared first on CoinGeek.

Former Cred Executives Charged with Fraud, Money Laundering

May 6, 2024 | 19:57 pm

Former Cred executives face wire fraud and money laundering charges. Three executives face criminal charges related to Cred's bankruptcy. The Department of Justice alleges executives misled investors about lending practices, leading to staggering losses. The post Former Cred Executives Charged with Fraud, Money Laundering appeared first on CoinChapter.

ValueZone Debuts Automated Crypto Trading Bots to Tackle Market Volatility

May 6, 2024 | 15:21 pm

The world of cryptocurrency is as dynamic as ever, with uncertainty and adversity becoming prominent features for investors lately. Such volatility is demonstrated by great shifts that follow significant events. To this effect, ValueZone’s innovative automated trading bots have proved to be essential in maneuvering through these stormy seas as they provide advanced risk management solutions […] The post ValueZone Debuts Automated Crypto Trading Bots to Tackle Market Volatility appeared first on CoinChapter.

Toncoin Bullish Weekend Signals Potential For 250% Rally

May 6, 2024 | 14:42 pm

Toncoin price painted a bullish rally over the weekend, which saw the TON token rally more than 23% to reach a daily high near $6.2 on May 6. The post Toncoin Bullish Weekend Signals Potential For 250% Rally appeared first on CoinChapter.

StakingFarm Offers Three Innovative Ways to Earn Passive Income and Combat Inflation

May 6, 2024 | 14:17 pm

In a financial landscape marked by rising inflation and declining interest rates, StakingFarm is offering savvy investors robust strategies to safeguard and grow their wealth. As traditional savings avenues falter, StakingFarm’s latest crypto staking solutions promise to help investors outpace inflation and enhance their financial well-being through passive income. “As inflation erodes purchasing power, it’s essential to […] The post StakingFarm Offers Three Innovative Ways to Earn Passive Income and Combat Inflation appeared first on CoinChapter.

The Top 3 Memecoins – Best and Worst- Of 2024

May 6, 2024 | 13:59 pm

2024 saw the cryptocurrency market's memecoin mania, which resulted in the creation of a ridiculous number of meme-based tokens. The post The Top 3 Memecoins – Best and Worst- Of 2024 appeared first on CoinChapter.

Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions

May 6, 2024 | 12:27 pm

Over 90% of stablecoin transactions do not originate from real users, a recent study by Visa and Allium Labs revealed. These findings raise questions about the potential of stablecoins revolutionizing the payment sector despite the optimism from industry leaders and the overall positive market sentiment. Stablecoin Potential in PaymentsOut of a staggering $2.65 trillion in total stablecoin transactions in the past 30 days, a mere $265 billion is attributed to "organic payments activity," highlighting the prevalence of non-user transactions. This data was highlighted in a dashboard aimed at analyzing stablecoin transactions to differentiate between authentic user activity and artificial volume.This revelation challenges the narrative that stablecoins, tethered to assets like the dollar, are on the brink of transforming the payment industry, a notion supported by fintech giants like PayPal and Stripe. Despite the bullish sentiments expressed by industry leaders, including John Collison of Stripe, the data underscores the nascent stage of stablecoins as a viable payment instrument, Bloomberg reported. While the potential for stablecoins to disrupt the payments sector is acknowledged, practical hurdles remain. Airwallex's Pranav Sood highlights the imperative of enhancing existing payment infrastructure to facilitate seamless adoption. Moreover, user-friendly interfaces are crucial, with many consumers still favoring traditional payment methods due to ease of use.Despite the challenges, analysts predict a significant surge in stablecoin circulation in the coming years, with the potential for the total value to reach $2.8 trillion by 2028. Recently, Stripe made a comeback into the cryptocurrency space after exiting the sector six years ago. However, this time, the payment firm is embracing stablecoins to facilitate transactions and minimize risks.Institutional Stablecoin AdoptionStripe's decision to use stablecoins marks a departure from its previous foray into crypto, which was marred by volatility and technical challenges. Stablecoins, such as Circle's USDC, offer a predictable value, mitigating the sharp fluctuations associated with traditional cryptocurrencies like Bitcoin. During a recent presentation, Stripe's Co-Founder and President, John Collison, demonstrated a seamless crypto payment using USDC, emphasizing its stability and suitability for online transactions.Reflecting on their earlier experience with Bitcoin payments, Collison acknowledged the shortcomings, labeling it as a "pretty terrible payment experience." However, this time around, Stripe is betting on stablecoins to provide a more reliable and user-friendly payment solution. Stripe's resurgence in the crypto realm comes at a time when the company is experiencing exponential growth in payment volumes, surpassing $1 trillion. With clients, including industry giants like Zara and Ford, Stripe continues to solidify its position in payment processing. This article was written by Jared Kirui at www.financemagnates.com.

Dubai’s W3WC Event: Where Web3 Visionaries Converge and Triumph

May 6, 2024 | 10:41 am

Dubai, known for its innovation and forward-thinking approach, hosted the Web3 World Consortium (W3WC) event. It is a gathering of leading minds in the Web3 ecosystem. Held amidst the stunning backdrop of Dubai’s skyline, this event served as a platform for visionaries, pioneers, and enthusiasts to converge and explore the future of Web3 technology. The […] The post Dubai’s W3WC Event: Where Web3 Visionaries Converge and Triumph appeared first on CoinChapter.

FET Soars as Bullish Pennant Breakout Sets Stage for $3.2 Target

May 6, 2024 | 10:40 am

NAIROBI (Coinchapter.com) – Fetch.ai’s native token, FET, has captured the attention of the crypto community, soaring over 70% in the past week. This remarkable upswing coincides with the project’s advanced GPU procurement efforts and a promised $10 million investment from the cryptocurrency exchange Bitget. Bullish Technicals and Merger Prospects Desire Fetch.ai (FET) is experiencing a […] The post FET Soars as Bullish Pennant Breakout Sets Stage for $3.2 Target appeared first on CoinChapter.

Apple’s new open-source lightweight AI model developed to run offline

May 6, 2024 | 10:00 am

Apple confirmed the release of eight small AI models split evenly between pre-trained and instruction-tuned models, with parameters ranging from 270 million. [...] Read More... The post Apple’s new open-source lightweight AI model developed to run offline appeared first on CoinGeek.

Crypto.com Hits 100 Million User Milestone, Credits Marketing Campaigns

May 6, 2024 | 09:11 am

Crypto.com has reached a new milestone by surpassing 100 million users globally, marking a significant achievement for the company since its inception in 2016. The cryptocurrency exchange attributed this achievement to its latest marketing campaigns, which include partnerships with renowned personalities, venues, and events.Partnerships Propel Crypto.comSome of the marketing efforts include hosting NBA and NHL playoffs at the Crypto.com Arena and the Formula 1 Crypto.com Miami Grand Prix. Additionally, the firm recently released a film for its brand dubbed "INEVITABLE" under the campaign "Fortune Favors the Brave." Kris Marszlek, the CEO of Crypto.com, mentioned: "Positioning our brand through engaging campaigns and iconic partnerships has made Crypto.com a household name. But I'm most proud of the fact that we've surpassed the 100 million user milestone while building the most widely regulated platform in the industry by leading in global licenses and registrations."We’ve crossed a major new milestone.#CROFam is now 100 million strong 💪Thank you to all our users who’ve been with us from the start, and those who’ve just joined us. 🙏Get all the details:https://t.co/UnzFph4hvw pic.twitter.com/LIAFtkhSGo— Crypto.com (@cryptocom) May 6, 2024In May, Dubai's Virtual Assets Regulatory Authority licensed Crypto.com to offer full operations in institutional crypto trading under a new platform dubbed Crypto.com. The exchange's regional arm, CRO DAX Middle East FZE, obtained a Virtual Asset Service Provider license in 2023. Crypto.com Exchange, designed for both institutional and qualified retail investors, offers a range of services, including spot trading, staking brokerage, and over-the-counter offerings. Crypto.com aims to strengthen its position in the global cryptocurrency market with plans to roll out the Crypto.com app and other products for retail investors in Dubai.Global Expansion InitiativesBeyond Dubai, Crypto.com is expanding its presence in other regions. This includes a recent announcement of a specialized trading platform for Korean users. Additionally, Crypto.com and Brazil's BTG Pactual teamed up in February to enhance banking services in Latin America. By integrating BTG Pactual's stablecoin, BTG DOL, Crypto.com seeks to facilitate transactions between traditional financial systems and the emerging digital economy. The goal of this partnership is to democratize access to the digital economy for individuals and businesses in Latin America. The collaboration builds upon Crypto.com's existing presence in Latin America, where it holds a Payment Institution License from the Central Bank of Brazil. Crypto.com has also secured licenses in the Netherlands, Spain, France, and the UK. This article was written by Jared Kirui at www.financemagnates.com.

Dubai lays out blueprint for AI adoption as regional competition heats up

May 6, 2024 | 08:00 am

Under Dubai's AI blueprint, government entities will appoint an AI CEO to draft strategies for the tech's mass adoption; an AI Week for schools will also be curated to help introduce AI to the youth. [...] Read More... The post Dubai lays out blueprint for AI adoption as regional competition heats up appeared first on CoinGeek.

SEC Targets Robinhood's Crypto Trading Arm with Potential Enforcement Action

May 6, 2024 | 07:12 am

The Securities and Exchange Commission (SEC) could potentially bring an enforcement action against Robinhood, according to a Wells notice recently issued to the company's cryptocurrency trading arm on May 4. This development comes despite Robinhood asserting that the assets listed on the platform are not securities.Navigating Regulatory Challenges"On May 4, 2024, Robinhood Crypto (RHC) received a "Wells Notice" from the Staff of the SEC stating that the Staff has advised RHC that it made a "preliminary determination" to recommend that the SEC file an enforcement action against RHC alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934, as amended," Robinhood mentioned in a filing with the regulator. Robinhood's receipt of the Wells notice highlights the ongoing regulatory challenges facing cryptocurrency trading platforms. The SEC's heightened scrutiny reflects broader efforts to establish clearer guidelines for the cryptocurrency market, which has rapidly grown in recent years.BREAKING: 🇺🇸 Robinhood Receives Wells Notice from SEC.Explore the event on Messari Intel: https://t.co/wpDTV2loyC pic.twitter.com/GKjsacFqnP— Messari (@MessariCrypto) May 6, 2024The SEC's actions have reverberated across the cryptocurrency market, with Robinhood's stock experiencing a 2.5% decline in premarket trading following the announcement, Coindesk reported. "The potential action may involve a civil injunctive action, public administrative proceeding, and/or a cease-and-desist proceeding and may seek remedies that include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation, and limitations on activities," Robinhood added.Robinhood Fights BackIn response to the Wells Notice, Robinhood's Chief Legal, Compliance, and Corporate Affairs Officer, Dan Gallagher, expressed disappointment about the SEC's decision. Despite the firm's efforts to collaborate with the commission for regulatory clarity, including attempts to register its services, Robinhood claims the latest move is causing tension between regulators and crypto platforms. Gallagher emphasized Robinhood's stance that the assets listed on its platform do not constitute securities. He claims that the firm has refrained from listing certain tokens and withheld products like lending and staking to remain compliant. Additionally, Robinhood reportedly responded to the SEC's calls by attempting to register a special-purpose broker-dealer.Meanwhile, the SEC issued a Wells notice to the parent company of the decentralized finance (DeFi) platform Uniswap last month, highlighting the regulator's attempt to regulate the DeFi sector. However, Uniswap contended this decision, emphasizing that its operations are transparent.Today Uniswap Labs received a Wells notice from the SECAnd we're ready to fightThis is the latest political effort to target even the best actors in crypto like Uniswap and CoinbaseAll Uniswap products and the Uniswap Protocol are unaffectedhttps://t.co/i2p5LubELk— Uniswap Labs 🦄 (@Uniswap) April 10, 2024The SEC's move followed similar actions against other crypto exchanges, such as Coinbase and Binance. These regulatory actions mark the increasing scrutiny faced by platforms operating in the digital asset space and the ongoing legal battles between regulators and industry players. This article was written by Jared Kirui at www.financemagnates.com.

Kraken Announces Partnership to Enhance Crypto Offerings in German Market

May 6, 2024 | 06:37 am

Kraken has unveiled its latest strategic move aimed at bolstering its presence in the European market. The company has announced a new partnership designed to facilitate the expansion of its product offerings in Germany, a pivotal market in the region for crypto adoption.Forging Partnership to Enhance Crypto Services in GermanyScheduled to commence around July 10, 2024, this collaboration will enable Kraken to provide German clients with access to a diverse range of innovative crypto products. The partnership will leverage the expertise and infrastructure of DLT Finance, a subsidiary of DLT Securities GmbH and DLT Custody GmbH, both licensed by BaFin, Germany's financial regulatory authority. DLT Finance specializes in digital asset prime brokerage and crypto custody services, ensuring secure and compliant transactions for millions of potential users in Germany.“Collaborating with industry-leading partners is a vital component of our mission to accelerate the global adoption of crypto. Over 5% of Germans already own cryptoassets, and we’re confident our innovative product suite – along with excellent local language client service support – will be attractive to prospective clients as crypto continues to become more mainstream across Europe,'' said Kraken CEO David Ripley. Acquisition and Regulatory ComplianceThis strategic move aligns with Kraken's European growth strategy. Notably, the company announced its intention to acquire Dutch crypto broker Coin Meester B.V., indicating its commitment to scaling its operations across the continent while adhering to regulatory requirements.Kraken expandiert: DLT Finance ermöglicht US-Handelsplattform regulierten Zugang zu deutschen Kunden https://t.co/IRZpop45VP #ots #finanzen #news pic.twitter.com/iAbTRU2VKU— Presseportal Wirtschaft & Finanzen (@pp_wirtschaft) May 6, 2024Kraken's European expansion efforts have been characterized by a series of achievements, including obtaining an E-Money Institution authorization from the Central Bank of Ireland and securing registrations as Virtual Asset Service Providers in multiple European countries. The company's registration as a Crypto Service Provider in the Netherlands further underscores its focus on complying with regulatory frameworks as it expands its footprint in the region. This article was written by Tareq Sikder at www.financemagnates.com.

Coinbase Faces Another Class Action Lawsuit: Investors Allege Illegal Offerings

May 5, 2024 | 22:22 pm

The American cryptocurrency exchange, Coinbase, is embroiled in yet another class-action lawsuit. This lawsuit alleges that investors were misled into purchasing tokens classified as unregistered securities. Filed last Friday, the class action also contends that the exchange’s business model is unlawful.Another Class Action Against CoinbaseAccording to the lawsuit, Coinbase's listed tokens—such as Solana, Polygon, Near Protocol, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens—are considered securities, rendering their listings on the exchange illegal.The lawsuit further claims that in its user agreement, the exchange acknowledged its role as a “securities broker,” thereby categorizing the digital assets it offers as investment contracts or securities. Additionally, the lawsuit states that Coinbase Prime, the platform dedicated to institutional clients, also operates as a securities broker.$COIN is facing a new class-action lawsuit for alleged investor deception.- Plaintiffs argue the exchange's business model is illegal and accuse Coinbase of selling unregistered securities.- Cryptocurrencies cited include Solana, Polygon, Near Protocol, Decentraland,… pic.twitter.com/NYpVeND5Gf— @TheLordofEntry (@thelordofentry) May 5, 2024This latest lawsuit is among several class actions the San Francisco-based company has faced in recent years. A similar lawsuit filed in 2022 also claimed the exchange listed 79 tokens as unregistered securities.The primary plaintiffs in this recent lawsuit are six individual investors—Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi, and Brett Maggard, residents of California and Florida. The case has been filed at the United States District Court for the Northern District of California, San Francisco Division.The plaintiffs are seeking full rescission, statutory damages under state law, and injunctive relief via a jury trial.Coinbase’s Legal TroublesCoinbase is also contending with charges from the U.S. Securities and Exchange Commission (SEC), which accuses the exchange of operating as an illegal trading platform by offering unregistered crypto asset securities. The regulatory lawsuit also alleges that the platform acts as an exchange, brokerage, and clearing agency—distinct roles under current U.S. laws—without the necessary registrations.In response, Coinbase has counter-sued the SEC, demanding clear regulations for the cryptocurrency industry. Moreover, Consensys, the company behind Metamask, recently sued the SEC, aiming to establish Ether as a non-security and to challenge the regulator's ambiguous authority over the Ethereum blockchain. This article was written by Arnab Shome at www.financemagnates.com.

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, the Fiscal Information and Investigation Service (FIOD) reported.Luxury Cars and Cryptocurrency SeizedDutch authorities, alongside the tax 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 soliciting 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 reported 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.

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.

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.

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.

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.

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 at 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 recording 269 Bitcoins 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.

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

Private Area Login

POPULAR MT4 TOOLS

Cryptocurrencies Today: News, Analysis, and Predictions

The Ultimate Comprehensive and Up-to-Date Source to Master the Crypto Markets: