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
According to CryptoQuant, a crypto market analytics firm, Bitcoin is out of the depths of the bear market and the bull market appears to have returned. Despite corrections always being on the table, the Head of BD & Strategy, Benjamin Brannan, has received word from institutional clients who intend to invest in Bitcoin and crypto
ALTAVA Group, a luxury fashion brand with a reputation for venturing into the metaverse, has partnered with Animoca Brands, a leading digital property rights company in gaming and the open metaverse. The goal of the partnership is to bring Bored Ape Yacht Club (BAYC) NFTs into the world of golf with the creation of the
Sovereignty refers to a country’s ability to govern itself independently, including regulating and controlling activities within its borders, such as those of cryptocurrency companies. Cryptocurrency companies face varying levels of regulatory frameworks worldwide, with some countries offering favorable conditions and others imposing stricter regulations or bans that limit operations and innovation. Sovereignty is the only
Brian Armstrong, the CEO and co-founder of Coinbase, has accused the US Securities and Exchange Commission (SEC) of going on a lone crusade for regulatory clarity in the country. According to Armstrong, the stance of the SEC differs from that of Congress and other federal regulators, and he believes that SEC Chair Gary Gensler is
As the financial sector releases its quarterly earnings reports, updates on the state of crypto adoption across the industry are emerging. Despite the lingering effects of the crypto winter, firms that have adopted crypto are reaping benefits. For instance, MicroStrategy, which has integrated crypto in its operations, has seen positive results. Block’s Quarterly Results Block,
TrueUSD (TUSD), a prominent stablecoin provider, has revealed plans to expand its management services internationally, reflecting a growing trend in the industry. Since its inception in 2018, TUSD has been at the forefront of stablecoin innovation, prioritizing regulatory compliance, and client due diligence. With a diverse network of financial institutions and fiduciaries, TUSD has been
Aave, a decentralized liquidity protocol, has deployed its V3 protocol on Optimistic rollup scaling protocol Metis. This deployment allows for a range of DeFi features and products to be brought to the Metis ecosystem. Aave’s community voted in favor of a proposal deploying on zero-knowledge (zk) proof EVM zkSync, paving the way for the DeFi
The world of non-fungible tokens (NFTs) continues to grow, with more artists, creators, and collectors entering the landscape. One recent development in this space is NFT staking, which offers a new way to earn rewards and maximize the value of digital assets. NFT staking involves locking up your NFTs on a blockchain platform to earn
Pepe (PEPE), a new memecoin, has experienced a significant drop in its price by more than 42% just days after reaching an all-time high on May 6. This has resulted in at least one investor suffering paper losses worth hundreds of thousands of dollars. According to Lookonchain, a blockchain analytics service, a cryptocurrency “whale” purchased
The latest nonfarm payrolls report has caused Bitcoin (BTC) to move lower at the start of the week. The report revealed that the number of jobs added to the US economy is higher than expected, justifying the Federal Reserve’s decision to increase interest rates by 0.25%. As a result, BTC/USD fell to an intraday low