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
Planet IX is a revolutionary online NFT-strategy game that has taken the Web3 gaming industry by storm. It offers an unparalleled gaming experience that transports players to another realm through its unique digital rendition of Earth as the playing field. The game is a dynamic and ever-evolving one, continuously adding new features and mechanics that
Arthur Hayes, the co-founder and former CEO of BitMEX, believes that the majority of people will face progressive wealth erosion due to the devaluation of money. He explained that governments will have no other option but to inflate away the public debt, resulting in the destruction of fiat wealth. The Solution to Wealth Erosion Hayes
Gemini has rolled out its new derivatives platform, Gemini Foundation, in 30 countries. The platform is set to offer Bitcoin perpetual contracts that are denominated in Gemini dollars, with up to 100 times leverage. Ethereum trading is expected to be launched soon. The Launch of Gemini Foundation Gemini has announced that it has launched its
Investors have anticipated a 25-basis-points rate hike by the United States Federal Reserve on May 3, and now wait for clues on the bank’s actions for the rest of the year. The World Economic Forum’s “Chief Economists Outlook” report, released on May 1, shows that 80% of chief economists surveyed believe central banks have to
Michael Saylor, the former CEO of MicroStrategy, has shared his opinion on the recent surge in Bitcoin adoption. According to Saylor, there are two main factors driving the widespread adoption of the digital currency. The first factor is the concern about inflation, which results in the loss of confidence in fiat currencies. Saylor believes that