While Bitcoin and Ethereum are currently facing a downturn, meme coin prices continue to dominate charts. In the latest surge, the new coin $BIBLE saw an impressive 37% increase following exchange listings. While currently experiencing a minor retracement, $BIBLE appears to be bouncing back with consolidatory footing. However, key indicators are shifting bearish, with the
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Hong Kong is preparing to introduce new regulations for virtual asset regulation. The Securities and Futures Commission (SFC) has released its conclusions from weeks of consultation on regulatory guidelines for cryptocurrency platforms. The new guidelines will come into force on June 1, and Hong Kong crypto exchanges will have to seek licenses under the Securities
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yPredict is a new crypto trading and market intelligence platform that has been developed using state-of-the-art predictive models and data insights. It is also a first-of-its-kind, institutional-grade crypto price prediction system that is powered by yPredict’s in-house deep data analysis. This tool will help crypto investors discover the next explosive crypto with ease. The best
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Cameron and Tyler Winklevoss, the founders of Gemini, are reportedly considering opening a second headquarters in the United Kingdom. The move comes as regulatory scrutiny increases in the United States. Several crypto exchanges have complained about the regulatory environment in the US, as regulators have doubled their enforcement actions against crypto firms in response to
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The world of cryptocurrency has taken the financial industry by storm, with digital assets like Bitcoin, Ethereum, and Dogecoin surging to new heights. Futures contracts allow traders to speculate on the future price of a particular cryptocurrency, with the potential for profits if they correctly predict market movements. However, it is important to understand that
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CEDEN Network Ltd, a Network-as-a-Service (NaaS) open-source infrastructure company, has acquired Galaxy Rendered Limited, a Web3 gaming innovator, for an undisclosed sum. The acquisition strengthens the foundation of the EDEN Content Creation Ecosystem with a wholly-owned subsidiary Web3 development studio and its debut metaverse game title, Rocket Monsters. The Acquisition The acquisition of Galaxy Rendered
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Bitcoin NFTs have recently secured the second spot in the NFT sales per blockchain, proving their growing prominence in the market. This is a significant achievement since Bitcoin NFTs were almost non-existent until the emergence of Bitcoin Ordinals earlier this year. Over the past 30 days, Bitcoin NFTs recorded gross sales of $167 million, which
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Upstream, a Web3 infrastructure company, is set to launch a comprehensive 24-week program called “My First DAO” to educate individuals interested in building decentralized autonomous organizations (DAOs). The program aims to cover topics such as governance structures, tokenomics, and compliance concepts, providing participants with the necessary tools for creating autonomous online communities. What sets this
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ConsenSys, the blockchain firm behind MetaMask, recently issued a clarification that its self-custodial wallet does not collect taxes on crypto transactions. The company addressed rumors that had been circulating on social media, stating that the rumors were based on inaccurate information. The clarification comes after several users raised concerns over MetaMask withholding customers’ crypto assets
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Web3 game development is revolutionizing the gaming industry by creating games that seamlessly interact with public blockchains. Blockchain-based game development platforms, such as Unity and Unreal Engine, are paving the way for developers to create engaging games with innovative features such as Non-Fungible Tokens (NFTs) and cryptocurrencies. In this article, we will explore the best
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Hotbit, a cryptocurrency exchange based in Shanghai, has announced that it will cease all operations on May 22nd, citing the increasing complexity and regulation of centralized exchanges. The platform has urged its users to withdraw their remaining assets before June 21st. Reasons for Closure The team behind Hotbit believes that centralized exchanges are becoming increasingly
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The South Korean crypto exchange Coinone has been embroiled in a listing scandal, which has led to the indictment of four individuals, according to The JoongAng newspaper on May 21. The indictment was brought against Coinone listing team leader Kim Mo and Coinone listing broker Hwang Mo, as well as two others who were not
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A Russian man named Mikhail Pavlovich Matveev has been charged by US authorities for his alleged involvement in multiple ransomware schemes that earned him and other attackers nearly $200 million, much of which came through cryptocurrencies. These ransomware attacks targeted hospitals, schools, and police departments, among others. Matveev was reportedly part of three different ransomware
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Coinbase Cloud, the Web3 infrastructure unit of Coinbase, has announced that it will become a Chainlink (LINK) oracle node operator to enhance smart contract security. In a statement shared with CryptoSlate on May 18, Coinbase Cloud stated that Chainlink plays a significant role in providing real-world data for Web3 through decentralized Oracle networks. Since many
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The Foundation for Art and Blockchain (FAB) has launched FAB DAO, a Decentralized Autonomous Organization that aims to merge art and technology in the Web 3 space through blockchain technology. The new collector platform seeks to expand the reach and potential of FAB’s mission. Additionally, it will leverage blockchain technology’s power to democratize art patronage,
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Bankrupt cryptocurrency firms FTX, FTX.US, and Alameda Research have filed a lawsuit against their former executives, Sam Bankman-Fried (SBF), Nishad Singh, and Gary Wang. The lawsuit, filed in the United States Bankruptcy Court for the District of Delaware, seeks to recover the funds spent on the acquisition of stock clearing firm Embed Financial Technologies. The
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Futureverse is an advanced blockchain network that combines multiple technologies to create a robust foundation for metaverse applications, prioritizing user safety and experience. It is not just another blockchain network, but a vision conceived by Aaron McDonald, Shara Senderoff, and Marco Brondani. The primary goal of Futureverse is to build a strong community network that
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