On May 1, OKX, a leading cryptocurrency exchange, announced its decision to list Pepe (PEPE), a memecoin inspired by the popular internet meme, Pepe the Frog, on its platform. OKX also stated that Pepe withdrawals would be open from May 2 at 17:00 HKT. In their statement, OKX staff explained that Pepe the Frog is
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The recent Shapella upgrade on Ethereum has caused a decrease in the share of Ether held by large investors, known as “whales.” Glassnode data shows that the amount of Ether held by whale addresses with 1,000-10,000 ETH dropped from 14.167 million ETH to 14.033 million ETH since the upgrade in mid-April. This suggests that these
On Wednesday, the Federal Reserve raised its benchmark rate to between 5% and 5.25%, in line with market expectations. The announcement had little impact on the price of Bitcoin, which remained relatively stable at around $28,000 to $28,500. The CME FedWatch tool had predicted an 11.8% chance that the Federal Open Markets Committee (FOMC) would
As the cryptocurrency market becomes more complex, trading cryptocurrency has become a challenging task for traders, quants, and analysts. yPredict is an AI-driven platform that aims to reshape and simplify how individuals perform technical analysis and predict crypto prices. Features and Methodology yPredict is a collaborative effort among AI and machine learning experts, financial quants,
Poloniex, a popular cryptocurrency exchange platform, has agreed to pay $7.6 million to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for violating sanctions in Cuba, Iran, Sudan, and Syria. OFAC found that Poloniex allowed customers in these countries to trade and transact more than $15.3 million of digital currencies through
Tenet, a new blockchain protocol, has emerged from stealth mode and launched its Testnet. The protocol is the first Layer-1 blockchain designed to support Liquid Staking Derivatives (LSDs) and was created by former executives from Ankr and Blockdaemon. Tenet is compatible with the Ethereum Virtual Machine (EVM) and allows users to restake their assets on
Coinbase investor Adam Grabski has filed a lawsuit in the Delaware Chancery Court accusing certain Coinbase executives and board members of using inside information to avoid losses from the sale of Coinbase stock. According to the lawsuit, Coinbase Chairman and CEO Brian Armstrong, board member Marc Andreessen, and other executives used insider information to sell
The Decarbonice project is set to transform the way we generate and consume energy, aiming to decentralize access to renewable energy and offer energy independence to households and businesses. The project’s native token, PNE, plays a crucial role in the ecosystem, offering holders the opportunity to earn passive rewards, additional token airdrops, and even a
ArbInu, the most popular memecoin on Arbitrum, has seen a massive drop in price in recent days, losing around 90% of its value since setting record highs in March. Meanwhile, Love Hate Inu (LHINU), a utility-infused memecoin, has been generating a lot of excitement in the crypto space. LHINU is a dog-meme-inspired social media polling
Sotheby’s, the luxury auction house, is changing the game for digital art by launching its on-chain secondary marketplace through its Sotheby’s Metaverse platform. The platform will allow collectors to buy and sell secondary NFTs, with a curated selection of works by leading artists carefully chosen by its team of specialists. The secondary sales on Sotheby’s
Dogecoin (DOGE) is facing a crucial turning point as the market’s interest appears to be shifting towards Love Hate Inu (LHINU), a new meme coin sensation. DOGE’s current price stands at $0.07796, down by 1.10%. The popular meme coin is struggling to recover after a catastrophic rejection from the topside resistance around $0.10 in April,
Tenet, a new blockchain built on Cosmos, is set to use liquid staking coins from other networks to secure its transactions. This move could potentially allow the new network to inherit the security of older ones, according to a recent announcement from the developers. Liquid Staking Protocols Liquid staking protocols such as Lido, Rocket Pool,
INX, a securities token platform, has partnered with wallet infrastructure provider BitGo to launch a new wallet that comes equipped with compliance features for institutional investors. The wallet uses multi-party computation (MPC) technology to ensure cybersecurity and custody standards for holding INX securities tokens. The ERC-1404 Token Standard INX securities tokens are based on the
VeChain, the leading blockchain platform, has teamed up with the renowned tennis tournament Internazionali BNL d’Italia to create the world’s first ‘phygital’ trophy. The tournament, which will feature some of the world’s top-ranked players from May 8th to May 21st, will see the winners receive physical trophies empowered with VeChain technology through embedded NFC chips.
Polygon (MATIC) experienced an upswing on Wednesday, as the token moved away from a recent point of support. After dropping to $0.954 on Tuesday, MATIC/USD rose to a high of $0.9925 earlier in the day. This caused the polygon to bounce back from a recent price floor of $0.950 after recently dropping to a multi-week
The price of Ethereum (ETH) has shown weakness after failing to break the $1,950 resistance on April 26. This led to a subsequent correction that drove ETH to $1,810 on May 1, nearing its lowest level in four weeks. Interestingly, this movement occurred while First Republic Bank (FRB) was seized by the California Department of
General Protocols has announced the full production release of BCH Bull, a decentralized trading platform built on Bitcoin Cash. It allows users to create long or hedge positions against a variety of assets, including gold, silver, BTC, Ethereum, and fiat currencies such as USD, CNY, and INR. Unlike Ethereum-based applications, BCH Bull distinguishes itself with
The world of NFT investment can be overwhelming for beginners, but Launchpad XYZ ($LPX) offers a comprehensive solution to help investors make informed decisions. The platform utilizes advanced technologies such as artificial intelligence to provide unparalleled insights into potential investment opportunities. With the help of AI, discovering the next big thing such as Bored Ape
The NFT market faces significant challenges, including limited access to liquidity and the risks associated with specific loan expiration dates. To address these issues, Blur has introduced Blend, a borrowing and lending protocol explicitly designed for the NFT market. Blend’s unique approach eliminates the need for expiration dates on loans. Instead, loans come with predefined
New Brunswick’s main power company has started rejecting energy applications from crypto miners and other high-volume users. According to CBC’s report on May 1, the cabinet order that approved the moratorium contained concerns from the province’s main power company. Energy Concerns of N.B. Power N.B. Power voiced its concerns about the “additional load demand” and
During a recent Twitter Ask Me Anything (AMA) session, Binance CEO Changpeng Zhao (CZ) expressed his belief that the success of Bitcoin should not depend on the failure of traditional banking institutions. In response to a question about whether banking collapses could benefit Bitcoin, CZ stated that banking and cryptocurrency can coexist and that it
In a joint operation, officials from around the world have collaborated to bring down the DNM Monopoly Market, resulting in the arrest of 288 individuals throughout the investigation. The operation, named Spector, began in December 2021 when Monopoly was captured, leading to over 100 federal investigations and prosecutions within the United States. In January 2022,
On May 3, Europol announced the successful conclusion of Operation SpecTor, a multi-jurisdictional effort to bring down Monopoly Market, a dark web platform that emerged after previous ones were taken down. This operation involved cooperation between authorities in the United States, Austria, France, Germany, the Netherlands, Poland, Brazil, Switzerland, and the United Kingdom. The shutdown
Flare, an EVM-based layer 1 Ethereum Virtual Machine (EVM) blockchain platform, has recently integrated its application programming interface (API) portal on Google Cloud Marketplace. This integration will enable developers and users of software products and services to access high-integrity blockchain data from Flare nodes and connected chain nodes. Benefits of Blockchain APIs Blockchain APIs offer
PEPE, a new meme-coin, has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago. The PEPE price dropped to $0.00000089 on May 3, down about 35% from its record high of $0.00000138 established two days ago. As a result of the correction, its market capitalization slipped
Josie Bellini is a renowned crypto artist, known for her iconic Bitcoin gas mask from Filter. She has made a name for herself in the NFT world, being featured on various platforms such as Christie’s, SuperRare, ASync Art, and Nifty Gateway. Her journey to becoming a successful artist was not conventional, having started her career
The Central Bank of Russia (CBR) predicts that Russian banks will earn 1.9 trillion rubles (nearly $24 billion) by the end of 2023, according to Deputy Governor Olga Polyakova. This is comparable to the profit earned in 2021, marking a positive trend for the industry. The CBR’s baseline projections earlier this year estimated net profits