Bitcoin’s recent decline has not deterred analysts from maintaining a long-term bullish outlook. Despite a decline in price, the long/short ratio has continued to climb, according to analyst Philip Swift, co-founder of trading suite Decentrader and creator of data resource LookIntoBitcoin. One factor contributing to analysts’ optimism is Bitcoin’s halving, which has followed a set
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Pepecoin (PEPE) experienced a 65% decrease in its market valuation on May 12, a week after reaching its record high of $1.54 billion. The primary reason behind the extreme price correction is profit-taking. After its launch on April 14, Pepecoin rallied from almost nothing to as high as $0.00000372, emerging as the fastest-growing ERC-20 token
MetaMask, the web3 wallet, recently announced on May 11th that it has introduced PayPal as a payment option for Ethereum purchases. Nonetheless, this new payment channel is currently only available to U.S. users. MetaMask noted that it is the first web3 wallet that allows its users to buy ETH using PayPal, a leader in the
Walken, a sustainable play-to-earn gaming project, has had a successful first year, establishing itself as a leader in casual gaming powered by Web3. Now, it is evolving into its next phase, called the Cuze, which aims to provide a fun and rewarding experience for its users while harnessing the earning potential of Web3 for creators
China, one of the world’s largest economies, has recorded its lowest inflation rate in over two years, according to data provided by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI) increased by 0.1% year-over-year, a significant drop from March’s 0.7% increase. The decrease in prices can be attributed partly to the decline
On Thursday around 4 p.m. (ET), the Ethereum blockchain encountered a temporary halt in processing ETH transactions and achieving consensus for approximately 25 minutes. The halt was noticed by Ansgar Dietrichs, a researcher at the Ethereum Foundation. He stated that the beacon chain had a brief period of non-finalization but the robustness of the chain
Recent data has shown that liquid staking protocols are continuing to grow, with top decentralized finance (defi) protocols recording an additional 441,110 ethereum (ETH) in just 12 days. As of May 12, 2023, the total value locked (TVL) in liquid staking derivatives (LSDs) stands at 8,872,715 ether, equivalent to $16.101 billion. This marks a significant
Coinbase, a popular cryptocurrency exchange, has announced the formation of a Global Advisory Council. The company hopes that this council will assist them in navigating the increasingly complex regulatory landscape surrounding the cryptocurrency industry, both domestically and internationally. The Council The Global Advisory Council will include a number of high-profile members, including pro-crypto regulation Senator
On Thursday, May 11, 2023, a dormant Bitcoin wallet created on June 19, 2011, transferred 139.7 BTC, worth $3.7 million at the time of transfer. Btcparser.com flagged this activity which occurred at block height 789,291 at 8:14 p.m. (UTC). This is the latest in a series of transactions from inactive 2010 and 2011 wallets, which
LG Electronics is taking a significant step forward in innovation by acquiring a patent for a revolutionary concept that will redefine the home entertainment experience. The electronics conglomerate is currently working on a TV that will allow users to not only watch their favorite shows but also trade Non-Fungible Tokens (NFTs). Picture yourself flipping through
Pudgy Penguins are not only cute but also promoting intellectual property utilization and community empowerment. Launched in July 2021, this collection of 8,888 NFTs brings positivity and good vibes to everyone in their orbit. As a proud owner, you get exclusive access to experiences, events, IP licensing opportunities, and more. The Pudgy Penguins’ Objectives The
The past 24 hours have seen Bitcoin drop to a new two-month low before recovering by over $1000. This is in contrast to altcoins, which have seen gains in the same period. LDO is the top performer with a double-digit price surge. Inflation Rates Slow Down The US CPI numbers for April revealed that inflation
Mooky is a new meme coin that aims to make a difference for both investors and the environment. Unlike other meme coins, Mooky is focused on environmental protection and community-driven initiatives. It offers its supporters unique features like Ventures Club, 3D NFTs, and upcoming mini-games. With its verified and audited contract code, Mooky ensures complete
Bankrupt cryptocurrency exchange FTX’s claims agent has recently posted that the US Internal Revenue Service (IRS) is claiming a total of $44 billion from the exchange’s bankruptcy and related firms. The IRS is claiming $38 billion against its sister quantitative trading firm Alameda Research. The IRS assessed $20.4 billion in unpaid partnership and payroll taxes
Beth Hammack, co-head of Goldman Sachs’ Global Financing Group within the Investment Banking Division, has warned of the risks associated with the U.S. defaulting on its debt obligations. Hammack spoke out on Bloomberg Television, highlighting that international investors are perplexed by the U.S.’s unwillingness to pay its bills. She stated that the current situation is
In mid-2022, Huobi founder Leon Li expressed his intention to sell more than 50% of the company due to the market downturn and the regulatory landscape. Later that year, Li sold his controlling stake to a “buyout firm,” sparking rumors that TRON founder Justin Sun was behind the acquisition. However, Sun denied these rumors, claiming
PacWest Bancorp, a California-based lender, experienced a 20% drop in its stock prices after reporting a significant loss of its deposits. The company stated in its quarterly report that its deposits decreased by 9.5% last week, mainly on May 4 and 5, due to heightened market and customer fears following the closure of First Republic
London-based crypto lender, Nexo (NEXO) has closed two of its subsidiaries in the United Kingdom as part of a company-wide restructuring. Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. were shut down on May 11th, according to Bloomberg News. Investigation into Organized Crime Scheme in Bulgaria Bulgarian authorities are investigating Nexo for allegedly
The Super Six tournament is a popular event on 1xBit, and it is gaining momentum as the second round winners have already claimed their prizes. However, there are still more prizes to be won from the 6 BTC prize pool, and the next prize draw is starting soon. To participate, you need to create an
The rise of AI technology is taking over digital industries, and the choppy AI narrative that made its way into crypto markets in February is now shifting towards emerging AI presales. Render (RNDR), a leading decentralized platform, is one such platform that connects unused GPU capacity with the growing demands of Web3 and Metaverse projects.
The US House Committee on Financial Services has given an ultimatum to Gary Gensler, the chair of the Securities and Exchange Commission (SEC), to respond to its inquiries. The Committee had previously requested the SEC to provide internal non-public documents regarding its activities. These include charges against Sam Bankman-Fried, the bankrupt FTX founder, crypto regulations,
Bitcoin has been struggling to keep up with the demand for block space, resulting in a queue of unconfirmed transactions in the mempool. Just a few days ago, the mempool hit an all-time high with over 500,000 unconfirmed transactions waiting to be processed. This surge in demand is due to the recent craze for digital
In recent times, the crypto market has witnessed a surge in the number of projects that are geared towards environmental or social causes. These projects are taking advantage of the democratic nature of the crypto industry to unite people for noble goals. One of such projects is Chimpzee, which is currently conducting its presale. Chimpzee
Pepe memecoin has been gaining popularity in the cryptocurrency market. However, its hype has also attracted bad actors who have started creating scams related to the coin. According to blockchain security firm PeckShield, there have been at least ten memecoin scams created in the last three days. These scam tokens have had their liquidity removed,
Bybit, a popular crypto exchange, has officially announced its sponsorship of the Safehouse Racegraph Lamborghini team for Super Trofeo in Asia. This is another exciting move for Bybit as it continues to expand its presence in the world of finance. By sponsoring the Safehouse Racegraph team, Bybit will support the team’s quest for victory at
Milady (LADYS) is a self-organized memecoin named after an anime avatar nonfungible tokens (NFT) collection. Within 24 hours, the token surged over 5,250% and was trading at $0.0000001528 at the time of publication. The surge in token value occurred after Elon Musk tweeted a meme using the Milady NFT imagery, which sent the average Ether
MetaMask, a popular crypto wallet and decentralized application (DApp) provider, has announced that it will now allow Ether purchases through PayPal for its US users. The company claims to be the first Web3 wallet to offer this integration. This collaboration allows American users to select PayPal as their payment method for buying Ether, and it