The predictions for the US economy continue to be gloomy. “Rich Dad Poor Dad” author Robert Kiyosaki bluntly stated that the American economy is in a depression. He defined depression as an economy experiencing subpar growth – even though it is technically growing, it’s below its potential. To support his claim, Kiyosaki pointed out that...Read More
Following Bitcoin’s recent halving event, market analysts are closely eyeing the role of liquidity in shaping the cryptocurrency’s trajectory over the coming months. According to insights from Kaiko, the strengthening liquidity could support a sustained rise in bitcoin’s price. Bitcoin’s Liquidity Rebounds Liquidity refers to the ease with which an asset can be bought or...Read More
The United States spot Bitcoin exchange-traded fund (ETF) market is struggling with inflows as investors withdraw their assets in droves. This wave of withdrawals has affected the two largest funds, causing them to break their inflow streak and even lose some of their assets. According to data from CoinGlass, the Fidelity Wise Origin Bitcoin (FBTC)...Read More
Consensys has taken legal action against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed on Thursday, aims to stop an impending SEC crackdown on Consensys’ MetaMask wallet and seeks a crucial ruling on the classification of Ethereum’s native token, Ether. Consensys Challenges SEC’s Stance The filing asserted, “The U.S. Securities and Exchange Commission’s...Read More
[PRESS RELEASE – Venice, United States, April 26th, 2024] MeWe a Social Network With more than 780,000 Active Users on the Polkadot Blockchain Opens Community Investment Round to Allow Users to Own a Financial Stake in Company By migrating its 20 million+ registered users to the ‘Social Web,’ aka Web3, MeWe is elevating user control...Read More
[PRESS RELEASE – Miami, FL, April 26th, 2024] PropyKeys sees 150k addresses minted onchain just weeks after the platforms launch marking rapid growth and adoption PropyKeys, a pioneering ecosystem project within the Propy ecosystem, has facilitated the minting of over 150,000 real estate addresses or landmarks as Non-Fungible Tokens (NFTs) onchain. PropyKeys has created an...Read More
Jabara Igbara, commonly known as “Jay Mazini,” who boasted of being a crypto millionaire on Instagram, has been sentenced to seven years in prison by U.S. District Judge Frederic Block. The sentence on wire fraud and money laundering charges also mandates Igbara to forfeit $10 million. Jay Mazini Labelled a “Crypto Con Man” According to...Read More
Blockchain developers have come one step closer to launching rollups on Bitcoin, enabling “unlimited smart contract functionality” and scaling once foreign to the OG crypto network. On Friday, BitcoinOS published the whitepaper for “BitSNARK and Grail”, a system for bridging Bitcoin to layer 2 rollups and blockchains in a trust-minimized way. Rollups On Bitcoin: Is...Read More
Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he described as “poor decisions” and has taken “full responsibility” for his actions. Meanwhile, Binance co-founder He Yi said that while he acknowledges that CZ may have made mistakes, his biggest one was ignorance. CZ Issues Apology and Appeals for Second Chance...Read More
Crypto industry experts believe Ethereum (ETH) spot ETFs will likely be denied approval for public trading by regulators next month. A denial would likely mean U.S. investors receive no product of the sort until December 2024 at the earliest, putting the digital currency well behind Bitcoin (BTC) in terms of adoption by Wall Street. Why...Read More
[PRESS RELEASE – San Francisco, United States, April 25th, 2024] Fans of Liga 1 & other organizations will have access to a superior experience on Virtualness with SKALE’s zero gas fees and instant finality. SKALE Network, a gas-less EVM-compatible blockchain designed for secure Ethereum scaling, and Virtualness, a pioneering mobile-first platform powered by generative AI...Read More
[PRESS RELEASE – Willemstad, Curacao, April 25th, 2024] The crypto market is on track to hit a staggering $5 trillion by the end of 2024, showcasing the impressive evolution of cryptocurrencies. Fairspin, a renowned online gaming platform, has remained at the forefront of this transformation since its inception in 2018. This iGaming powerhouse has unveiled the...Read More
[PRESS RELEASE – Burlington, United Kingdom, April 25th, 2024] In the rapidly evolving world of cryptocurrency, a new player has emerged on the Solana blockchain that’s catching the eyes of crypto enthusiasts and meme lovers alike. $SNUKE, the latest meme coin inspired by the humor of “South Park” has officially launched its presale, offering a...Read More
[PRESS RELEASE – Hamburg, Germany, April 25th, 2024] With the latest $4.6M Strategic Round led by Borderless Capital, NATIX is set to transform driver-led data collection and driver applications with innovative web3 incentives NATIX Network, an AI-based platform that utilizes edge computing to collect real-time geospatial data, has successfully secured $4.6 million in a strategic...Read More
Since the bear market in 2022, bitcoin (BTC) has witnessed substantial pullbacks, losing up to 23% of its value on some occasions. Understanding the depth of these declines could help investors maximize their returns, as rebounds from these drops usually yield substantial gains. According to a tweet by crypto trader and analyst Rekt Capital, accumulating...Read More
[PRESS RELEASE – Cayman Islands, Cayman Islands, April 25th, 2024] Aptos Foundation successfully hosted its first-ever DeFi Days – a multi-day summit held between April 2-5, 2024 and set in Hong Kong – dedicated to moving the world towards the future of finance. Attracting over 150 attendees, thirty Aptos ecosystem teams, and more than ninety...Read More
[[PRESS RELEASE – Charlestown, Saint Kitts and Nevis, April 25th, 2024] Kokodi Inc, a modern video game company, is the mastermind behind the Mask NFT Mint. It’s the project’s second collection for an upcoming extraction shooter game built by the developer. While the first collection is all about individual game characters, the Mask NFTs give...Read More
[PRESS RELEASE – Zug, SWITZERLAND, April 25th, 2024] Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem. Onramps from fiat to crypto have historically been one of the biggest pain...Read More
The popular bitcoin perma-bear Peter Schiff has carried out another verbal attack on X during the most recent price correction that drove the asset to a multi-day low of around $63,000. Schiff, known for his support and admiration for gold, believes BTC’s price could plummet even more if it breaks below $60,000. Not Looking Good?...Read More
After a few days of hovering above $66,000, bitcoin (BTC) has dropped to a low of $63,500 amid heightened volatility. Coincidentally (or not), the amount of outflows from the United States spot Bitcoin exchange-traded funds (ETF) market on April 24 hit $120 million. BTC Plunges by 4.5% Data from CoinMarketCap shows that BTC lost roughly...Read More
[PRESS RELEASE – Dubai, UAE, April 25th, 2024] All validators will migrate from Beacon Chain to BSC, enabling high-APY native staking on BSC and MEV-based benefits BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the addition of native liquid staking (LSDFi) on BNB Smart Chain (BSC) as...Read More
Standard Chartered Bank analyst and head of digital assets research, Geoff Kendrick, believes bitcoin (BTC) will likely trend higher following the halving due to lower leveraged positions in the market. Speaking to BNN Bloomberg during an interview over the weekend, Kendrick said the current market environment, which has lower leverage, could propel the value of...Read More
Balaji Srinivasan – the popular venture investor and Coinbase’s former Chief Technology Officer (CTO) – believes Bitcoin Maximalism is due to gain steam as a philosophical and economic belief system. In a Twitter post on Wednesday, the entrepreneur argued why faith in the existing financial system is bound to erode over time as the U.S....Read More
São Paulo-based Nubank announced the launch of a new feature that allows withdrawals and deposits of Bitcoin and cryptocurrencies. With this latest move, customers will now be able to send and receive Bitcoin, Ethereum, and Solana using the Nubank app. The withdrawal and deposit options are now available, allowing users to check the functionality on...Read More
Bankrupt cryptocurrency exchange FTX is looking to offload its remaining Solana native tokens, SOL, via an auction this week. According to a Bloomberg report, people familiar with the matter said the bankruptcy estate would auction an unspecified amount of SOL in the hopes of receiving a higher price than that which they would have gotten...Read More
The creator of the popular ‘Bitcoin Power Law’ has unveiled a chart detailing his price model’s exact BTC price targets for the next several market cycles. The model predicts that Bitcoin will reach $218,875 at its cycle peak in November 2025, before descending to $96,677 at its bottom in December 2026. What Is The Bitcoin...Read More
Tether has announced that all wallets associated with Venezuela’s attempts to bypass U.S. sanctions on oil exports will be frozen. The decision follows recent reports indicating an increased use of Tether’s USDT by Venezuela’s state-run oil company, PDVSA, to avoid sanctions imposed by the United States. Venezuela’s PDVSA Turns to Tether Amid Sanctions According to...Read More
[PRESS RELEASE – San Francisco, California, April 23rd, 2024] Galxe launches $5M rewards pool, featuring rewards from prominent partners including Arbitrum, Polyhedra, and Merlin. Galxe introduces a revamped governance structure, shifting voting rights exclusively to GAL stakers, promoting a more involved and representative governance process. Galxe Earn introduces a new infrastructure for airdrop campaigns with...Read More
[PRESS RELEASE – Bucharest, Romania, April 24th, 2024] Banksters, the innovative EduTech simulator that integrates NFT technology to gamify everyday life experiences, has announced that its upcoming token sale will happen on April 24. Scheduled to take place on three prominent Tier-1 and Tier-2 launchpads – BullPerks, Games Pad, and StormGain – the sale provides...Read More
Bitcoin’s fourth halving has sparked speculation about significant price surges, but Glassnode, an analytics firm, advises that investors should “ground expectations” based on historical data. The Bitcoin halving happened less than a week ago, leading to a 50% reduction in supply inflation, increasing the issuance scarcity. Glassnode Says Fourth Halving is Different The halving has...Read More
