This year, the cryptocurrency market has seen a rise of over 60%. However, recent trends suggest a possible leveling off in the coming months. Analysts are keeping a watchful eye on the crypto market’s total capitalization, which has encountered resistance around the $1.2 trillion mark. Consolidation Period Likely to Extend into 2024 The market’s trajectory
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P2Earn Inc, a company specializing in blockchain gaming solutions, has announced that Jeff Burton has joined their advisory board as Chairman. Burton, co-founder of Electronic Arts (EA), brings his extensive gaming industry experience to P2Earn as the company gears up for the public launch of its Gaming Guild. Partnership P2Earn and Electronic Arts share a
Major cryptocurrency exchanges worldwide have launched trading of the Sui (SUI) token following the Sui Network’s mainnet launch on May 3. The Sui Foundation announced that the Sui mainnet went live at 12:00 pm UTC, and many global crypto trading platforms supported the launch, allowing investors to buy and sell the new SUI token. Binance
The Federal Executive Council of Nigeria has approved the National Policy on Blockchain, which was drafted by the Federal Ministry of Communications & Digital Economy. This approval marks a significant milestone for the implementation of blockchain technology in Nigeria. Relevant agencies will work together to establish appropriate regulatory frameworks, and a steering committee led by
According to Charlie Lee, the creator of Litecoin (LTC), the cryptocurrency could see significant gains against Bitcoin (BTC) as its halving event approaches in August. Lee believes that the LTC/BTC pairing could potentially rally up to 0.025 BTC, an increase of over 700%, in the next bull cycle. This is due to Litecoin’s higher throughput,
JPMorgan Chase has acquired the deposits and a “substantial majority of assets” of troubled bank First Republic in an auction, making it the third regional bank in the US to fail since March. This highlights the vulnerabilities in the legacy banking system. Bitcoin experiences fourth consecutive month of growth Bitcoin has experienced four consecutive months
John Deaton, the founder of CryptoLaw and Ripple lawyer, has accused the US Securities and Exchange Commission (SEC) of capitalizing on the legal uncertainties surrounding cryptocurrencies as a means of redefining what should be considered a security under the Howey test. Deaton claims that the regulator’s litigations against crypto companies are pushing the boundaries of
Sports Illustrated has teamed up with Ethereum software firm ConsenSys to launch a non-fungible token (NFT) ticketing platform on the Polygon network. The new platform, called “Box Office,” is built to become the world’s first comprehensive NFT ticket service. Features Box Office is an innovative platform that allows event owners, organizers, and promoters to engage
The Nigeria Securities and Exchange Commission (SEC) has announced that it will allow tokenizing assets, including equities, property, and debt. The country’s financial regulator is currently processing applications for digital exchanges and firms that will act as sub-brokers, trading tokenized coins backed by assets, fund managers, tokenized coins issuers, and crowd-funding intermediaries. A probationary period
The SportVerse is an exciting and innovative online play-to-earn game platform that has been developed for players who enjoy sports-related activities. Unlike other online games, The SportVerse offers a unique experience that is more than just competing against other players. It comprises of training, diverse events, social interaction, and supplementary goods and services. The Concept
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
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