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XRP price continues to be under bear market pressure. While other assets have seen significant growth this year, XRP has lost 14% in value. This underperformance is attributed to a price suppression triggered by Ripple's sell-off and ongoing SEC litigation. However, these claims have not yet been proven.
May 29, 2024Blockchain technology-based gambling platform ZKasino continues to drag investors into a turbulent period. During the events last month, allegations were made that the platform carried out a "rug pull" (quick escape) by transferring $ 33 million of investor funds. ZKasino has now announced that it has initiated a 72-hour refund period with which it aims to return lost funds to its investors. However, this move does not seem to be enough to alleviate investors' doubts about the platform.
May 29, 2024The Bitcoin mining industry is dominated by Luxor Technology Corporation and Bitnomial Inc. is stepping into an innovative era with a new partnership between Under this partnership, a brand new Bitcoin mining derivative product has been launched, trading on Bitnomial's US derivatives exchange. Announced on May 28, Hashrate Futures is described as a derivative futures contract that represents the processing power of the Bitcoin blockchain.
May 29, 2024The Floki project made a move that created excitement among cryptocurrency investors. On May 28, the project's X account announced the launch of closed beta testing of the Floki trading bot with support for multiple blockchain networks on Telegram. This announcement caused a sudden 14% increase in FLOKI price and caught the attention of investors. So what does this new development mean and what implications could it have for the future of FLOKI?
May 28, 2024Recently, fears have been raised in the cryptocurrency market regarding Cardano's claims of decentralization. Voicing these fears, Justin Bons, a prominent cryptocurrency founder, claimed that Cardano (ADA) is highly centralized. This accusation cast a dark shadow over blockchain's reputation and sent investors into a panic.
May 28, 2024French startup Ledger has finally started shipping its newest Ledger Stax devices, nearly 18 months after its initial announcement. Ledger has teamed up with Tony Fadell, one of the key designers behind the iPod, to release an updated wallet with an E-Ink display, TechCrunch reports.
May 28, 2024NodeOps is receiving significant investment to simplify blockchain node deployment and management, making it easier for developers and businesses to step into the Web3 world. The company announced that it has received $5 million in seed investment from various investment funds and leading crypto entrepreneurs. This investment will support NodeOps' goals of making blockchain technology more accessible and usable.
May 28, 2024The AIBC Asia conference, which will be held at the SMX Convention Center in Manila on June 4-5, is preparing to host star names from both sports and entertainment sectors. The giants of these two fields will discuss how technologies such as web3 solutions, artificial intelligence and blockchain are transforming the traditional sports world. Details of this transformation and future visions will be discussed in three panels on the opening day of the conference.
May 28, 2024The Bitcoin market woke up to a turbulent day on Tuesday. The cryptocurrency, which hovered above $70,000 on Monday, gained about 1.2% in early Asian hours. Behind this sudden decline lies a development that shook the cryptocurrency market: Mt., which was once the largest Bitcoin exchange in the world. Transfer of approximately 107,000 Bitcoins from Gox wallets to an unknown address. Although the purpose of these transfers is not yet clear, market participants are eagerly waiting to see what impact this situation will have on the Bitcoin price.
May 28, 2024The last two months have not been an exciting investment journey for Binance Coin (BNB) investors. Price action is stuck between $520 and $640, and neither the bullish (bulls) nor the bearish (bears) side has managed to breach this range.
May 27, 2024Polygon (MATIC) is preparing for an uptrend as the number of whale addresses holding the leading Layer 2 (L2) token begins to increase. This development creates a positive outlook for the MATIC market from both technical and fundamental perspectives.
May 27, 2024The repercussions of the U.S. Securities and Exchange Commission (SEC)'s approval of spot Ethereum ETFs last week have reached South Korea. This approval increased pressure on South Korea's financial regulators to approve similar cryptocurrency investment funds (ETFs).
May 27, 2024FRIEND, the native token of Web3 social network Friend.tech, has experienced a significant drop in value. The drop comes after one of the protocol's co-founders, who goes by the pseudonym Racer, expressed his intention to leave Base, the Ethereum Layer-2 network developed by Coinbase, which hosts the project.
May 27, 2024Scammers targeted popular crypto influencers on platform X under the ticker GCR late Sunday night. In the compromised account, he shared a post predicting the price of the ORDI token, causing short-term price increases.
May 27, 2024Aptos, a layer-1 blockchain platform developed by former employees of Facebook, has set a new record in blockchain transactions. On May 25, Aptos surpassed Solana by recording a staggering 115.4 million transactions in a single day, significantly surpassing Solana's 31.7 million, according to Aptoscan. The increase in transaction volume not only broke previous records, but also exceeded Sui Network's L1 record of over 65 million by an impressive over 50%.
May 27, 2024Geoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, predicts that cryptocurrency ETFs for Solana and XRP could be approved by 2025, following the recent approval of Ethereum spot ETFs by the SEC.
May 27, 2024MicroStrategy CEO Michael Saylor introduced himself as a Bitcoin (BTC) "optimist" on the latest episode of Peter McCormack's YouTube show "What Bitcoin Did." Saylor also publicly warned against any moves that could impede the progress of the flagship cryptocurrency. “Bitcoin will be successful,” Saylor said. "He achieves it as quickly as possible and we must avoid the temptation to play with him."
May 27, 2024Malaysian authorities have busted a foreign exchange investment fraud and cryptocurrency ring operating in the country.
May 24, 2024