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Showing posts from April, 2023

OKX Lists Pepe Coin After 200% Rally, Will It Flip SHIB, DOGE?

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OKX Listing Pepe Coin (PEPE) In an official announcement on May 1, Crypto exchange OKX revealed listing yet another Meme Coin Pepe Coin ( PEPE ). The PEPE is now listed on OKX spot trading markets and trading will open at 09:00 UTC on May 1, with withdrawals set to open a day later. The exchange is listing the Meme Coin in PEPE /USDT pair. advertisement OKX noted that “Pepe the Frog” is a cartoon character and Internet meme created by cartoonist Matt Furie. It is designed as a green anthropomorphic frog with a humanoid body. It’s one of the most popular memes in the world. PEPE is a deflationary memecoin launched on Ethereum. The crypto exchange took to Twitter to officially announce the new listing of PEPE to reveal the community about the good news. OKX CEO “Star” Xu also tweeted about the listing. Some believe the meme coin will overtake Shiba Inu and Dogecoin. 🚨 #Memecoin New Listing Updat...

Decentraland (MANA), Ethereum (ETH), And Uwerx (WERX) Crypto Price Predictions

The crypto market is hot and seasoned traders expect it to stay this way until the end of Q2. Investors waiting for pullbacks will get a rude surprise, and Bitcoin (BTC) continues to push upwards, opening the path for all Altcoins to rally hard behind it. Analysts have announced a bearish outlook for Decentraland (MANA), an optimistic prediction for Ethereum (ETH), and a hyper-bullish forecast for Uwerx.\ Decentraland (MANA) Price Prediction Decentraland (MANA) trades close to $0.55, and analysts expect Decentraland (MANA) to rally to $1.20 in the following months. However, analysts remain long-term bearish on Decentraland (MANA), given increased competition and a lack of metaverse adoption that will be crucial for the financial success of Decentraland (MANA) and other metaverse projects. Decentraland (MANA) is a virtual reality, and users can own land in Decentraland (MANA). Land sales enjoyed huge speculation in 2021. However, this interest has not reappeared, and Decentraland...

Where Next For Tron (TRX) And Quant (QNT) Prices? Collateral Network (COLT) Dubbed No.1 Crypto Token That Has The Biggest Potential of 2023

The crypto landscape is buzzing with the emergence of Collateral Network (COLT), which has already experienced a 40% surge in PR ice during its PR esale phase, leaving established cryptocurrencies like Tron (TRX) and Quant (QNT) trailing behind. Let’s examine the factors contributing to the Collateral Network (COLT) outstanding performance and discuss whether it has the potential to become the biggest success story of 2023. BUY COLT TOKENS NOW Collateral Network (COLT) Collateral Network (COLT) introduces an innovative crowdlending platform that streamlines access to funds, bypassing the complexities associated with traditional banks. The distinguishing feature of Collateral Network (COLT) lies in its distinctive approach to asset-backed collateral . Rather than demanding extensive paperwork and credit evaluations, Collateral Network (COLT) merely requires a tangible asset to serve as collateral for the loan. Once the asset is appraised, Collateral Network (COLT) mints a...

New data Suggests Meme Coins Affect Market Movements

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The Head of Advisory Services at GotBit.io shared a post on Twitter yesterday about meme coins and the possible effect they have on the rest of the crypto market. The user specifically referred to data from the market intelligence firm Santiment. Frequency comparison of “Pepe”, “Babydoge”, and “Bobo” (Source: Santiment) According to the post, Santiment has recently found that there is possibly a correlation between meme coins and market movements. The data from the intelligence platform suggests that the crypto market often drops when there is a surge in popularity for meme coins on social networks. Certain meme keywords like PEPE, Baby Doge, and Bobo are especially prone to this phenomenon as these cryptocurrencies often take turns surging as the market falls. It seems like this was the case over the last week as the aforementioned keywords trended at very high frequencies while prices in the rest of the crypto market slipped according to Santiment. PEPE price (Sour...

BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH

As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering $2 billion in U.S. dollar value. General Protocols Reveals Latest Defi Application Release The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023. Last November, blockchain developer Jason Dreyzehner shared the news that the 2023 upgrade had been successfully added to the testnet network. Dreyzehner elaborated on the forthcoming improvements, which will introduce Cashtokens capable of generating a plethora of possibilities, from identity tokens and covenant-tracking identity tokens, to v...

Blockchain Association CEO Sees Better U.S. Crypto Regulation Ahead

Kristin Smith, the Chief Executive of the Blockchain Association, sees better days for crypto policy and regulation in the United States. The pro-crypto lobbyist believes that the stance of policymakers, regulators, and legislators in the country is starting to shift for the better. In a recent interview with CoinDesk, Kristin Smith reflected on the regulatory landscape for crypto in the United States and her role as a lobbyist in Washington, D.C. Kristin believes that the American crypto industry may have to wait between 18 to 22 months before policymakers introduce comprehensive crypto regulations for the sector. The Blockchain Association CEO revealed that her organization is in the process of investigating claims of crypto de-banking, which is part of a larger scheme referred to as Operation Choke Point 2.0. This operation is believed to be a coordinated effort by various U.S. federal agencies, including the SEC, to keep crypto from mass adoption. Speaking on her ro...

Crypto News: Coinbase Price Shoots Amid SEC Case Filings

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Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC advertisement Coinbase Price Jumps Amid Legal Battle Coinbase Global Inc (NASDAQ: COIN) price registered a surprising surge of over 4% in the pre-market. COIN price saw a jump of 2.08 points before the market opens. This implies that the investors are positive about the recent action taken by the exchange. COIN price closed trading at $55.55 yesterday. The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad It is important to note that Coinbase (COIN) share prices have been on a decline over the past 6 months. NASDAQ: COIN price is down by almost 25%, while, it has registered a drop of 11% in the last 1 month. In the last 5 days, its price saw a drop of around 13%. Read More Crypto News Here… ...

First Republic Bank Seeking Government Rescue Amid Plummeting Stock Prices

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Following reports of a potential seizure by US authorities, First Republic Bank is seeking a government rescue amid its plummeting stock prices. Moreover, the California-based lender has seen trading halted on two consecutive days due to increased volatility.  According to a report from the New York Post, First Republic Bank is seeking assistance from the Biden Administration. Subsequently, the bank is hopeful for a governmental rescue following its $100 billion loss in deposits. First Republic Seeking Government Aid The budding banking crisis that took down Silicon Valley Bank has continued this month. Now, it threatens First Republic Bank , which has seen its prices fall drastically following exposure to the events in the banking sector last month. Yet, new reports signal that the bank is set to turn toward US authorities for aid, as its price has decreased more than 94% in the year. First Republic Bank is reportedly seeking a government rescue amid its stock marke...

Binance's CZ 3rd On Finance Richlist With $28.2 Billion Wealth

The world of Finance is ever-evolving. Innovation led to the advent of crypto and DeFi. As a result, the sector is now divided into traditional Finance and modern Finance . Bloomberg’s latest rich list identified the top “titans” from the financial space. People from, both, the TradFi and DeFi space were featured on the list. However, none of the billionaires have surpassed Warren Buffett in terms of net worth as of yet. Nevertheless, they represent “a new era” of financial wealth accumulation.  Citadel exec tops the list First up on the list is Ken Griffin, the Chief Executive Officer of Citadel. He’s also the founder of Citadel Securities, a global market-making business. The former is a hedge fund management company. It boasts $59 billion in equities, fixed income, macro, commodities, etc. The latter takes care of around 40% of all U.S. retail trading volume. Griffin earned about $4.1 billion from his hedge fund last year. This feat was achievable, for Citadel’s fl...

De-Dollarization: Understanding the Global Economy's Changing Relationship with the US Dollar

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For decades, the US dollar has seemingly dominated international trade and capital flows. Yet, as the BRICS nations have risen to prominence and brought with them an ideological opposition to its prevalence, things are changing. Thus, understanding De-dollarization and the global economy’s relationship with the greenback is vital.  How the US dollar rose to prominence and what has happened to reverse that has become a focal point of economic discourse this year. Moreover, as the US has experienced economic fragility, the shifting global power creates a situation that could eliminate the dollar from global trade entirely.  How the Dollar Became Dominant Source: schroders.com The first facet of understanding de-dollarization and the global economy’s relationship to the US dollar is knowing how we got here. Moreover, how the greenback became such an important aspect of global trade. Seemingly overnight, the US was the leading financial power after World War I. Subsequentl...

Binance Introduces AI-Powered Web3 Mentor Binance Sensei

The world’s largest cryptocurrency exchange Binance has joined the AI cult with its new AI-driven learning bot. Dubbed the Binance Sensei, the AI bot appears to be personalized ChatGPT for web3. The amount of crypto info online can sometimes be overwhelming. That's why we've trained ChatGPT with the data from our #Binance Academy library of over 1,000 articles and courses to help you in your learning! Read more on Binance Sensei ️ https://t.co/vTY5pl9phA — Binance (@binance) April 24, 2023 Binance Sensei was launched on April 24, 2023, and leverages the power of artificial intelligence to access information from Binance Academy. Binance mentioned in the announcement: Binance Sensei is an innovative AI-driven learning tool seamlessly integrated into Binance Academy – the ultimate destination for free education on Web3, blockchain, and crypto. The AI bot is designed to enhance the user experience by providing a user-friendly approach to accessin...

Ripple Calls For US To Adopt EU And UK Rules On Cryptocurrency

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Join Our Telegram channel to stay up to date on breaking news coverage Last week, Members of the European Parliament approved the one-of-its-kind EU legislation on crypto-assets, with 517 in favor and 38 against. The Markets in Crypto Act, or MiCA, provides an overall framework for regulating cryptocurrencies by prescribing requirements related to exchanges, crypto platforms, traders, and issuers with respect to disclosures, transparency, authorization, and various other things. Having proper regulation in place will ensure that users are completely informed with respect to hidden risks associated with crypto assets and can make an informed decision after going through all the disclosures. Leading crypto companies like Ripple have expressed that this form of regulatory clarity is the need of the hour in a country like the USA. Read ahead as we discuss this legislative development in European and how countries like the USA can take inspiration from this legislation. European Uni...

Over 305M Shiba Inu Burned in a Week, 19M+ in the Past 24 Hours

Over 305.77 Million Shiba Inu (SHIB) burned in the Past Week, 19.17 Million in the Past 24 Hours Shiba Inu has witnessed a significant drop in its burn rate over the past week. According to a recent report released by Shibburn.com, Shiba Inu Community has collectively managed to destroy a total of 305,775,533 (305.77M) SHIB through multiple transactions in the past week. HOURLY SHIB UPDATE$SHIB Price: $0.00001032 (1hr 0.17% ▲ | 24hr -2.70% ▼ ) Market Cap: $6,073,361,988 (-2.82% ▼) Total Supply: 589,366,770,753,397 TOKENS BURNT Past 24Hrs: 19,175,360 (103.99% ▲) Past 7 Days: 305,775,533 (-90.11% ▼) — Shibburn (@shibburn) April 22, 2023 This represents a 90.11% decrease compared to the past week when a staggering 1,915,379,282 (1.91B) SHIB were removed from circulation forever through fifty separate transactions. The impressive burning activity of the week was noticed on April 21. On that day, the unknown wallet sent a whopping 15,575,349 (15.57M) SHIB to the dead wallet ...

Bitcoin, Ethereum Technical Analysis: ETH Falls Under the $1,900 Level to Start the Weekend

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Ethereum started the weekend trading below $1,900 for the first time in two weeks, as cryptocurrency markets continued to fall. The global market cap is down by close to 3% at the time of writing this. Bitcoin was also in red, as it moved closer to $27,000. Bitcoin Bitcoin (BTC) was in the red for a fourth consecutive session, as prices neared a breakout below $27,000. BTC/USD plunged to a low of $27,169.57 to start the weekend, a day after trading at a high of $28,291.60. Saturday’s drop in price resulted in bitcoin falling to its lowest point in roughly three and a half weeks. BTC/USD – Daily Chart Looking at the chart, this latest downturn has pushed the 10-day (red) moving average closer to a cross with its 25-day (blue) counterpart. In addition to this, the relative strength index is now tracking at 41.73, which is marginally higher than its long-term floor at 41.00. If price strength were to slip below this point, there is a good chance that BTC will move tow...