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Join Our Telegram channel to stay up to date on breaking news coverage WOJAK2.0 has emerged as a formidable player, skyrocketing to the second highest place on DEXTools’ Daily Gainers List. It also secured a top 5 position on the Hot Pairs List. Within hours of its launch, it experienced an extraordinary surge, delivering gains of over 5500%. Drawing comparisons to PEPE2.0, crypto enthusiasts are eagerly speculating whether WOJAK2.0 could become the next groundbreaking coin in the industry. WOJAK2.0: Revolutionizing Public Welfare and Charity on the Blockchain WOJAK2.0 is the handiwork of a group of passionate WOJAK believers. They collaborated with a team of global blockchain technology experts and public welfare advocates to develop an innovative blockchain application. The platform aims to promote public welfare and charity on a global scale through open, transparent, fair, and trustworthy operations. WOJAK2.0’s decentralized nature brings about significant a...

With short interest mounting, traders say they’re parsing liquidity, as well as pricing, on the stablecoin True USD.  The issuers of True USD (TUSD) had previously claimed that it had “no exposure” to digital asset on- and off- ramp company Prime Trust that had been recently shut down by Nevada regulators. But most recent attestation reports as reviewed by Blockworks, said that it has a $26,000 exposure to the company — which regulators have moved to place under receivership. That exposure, though, is a pittance of TUSD’s $3 billion circulating supply.  Minting and redemption mechanisms around TUSD tokens have become muddled, with some users saying they’ve had trouble on both fronts.  Carlos Gonzalez, a research analyst at 21.co, told Blockworks on Thursday that it “didn’t make a lot of sense” for TUSD’s apparent liquidity issues to be attributed to its $26,000 of Prime Trust exposure alone.  “It’s insignificant,” Gonzalez said. “It’s basically nothing [compared to its $3 billio...

Multiple crypto analysts predict that XRP’s price could hit $5 by 2024. One of the analysts believes the remittance token’s price could climb as high as $50. At press time, XRP was trading hands at $0.4686 after a 1.59% price drop. Over the past few weeks, multiple crypto traders and analysts predicted that Ripple’s (XRP) price could hit $5 by 2024. In one tweet a crypto analyst stated that people should not underestimate the only cryptocurrency that was able to surpass Ethereum (ETH) in market cap. In response to this tweet, another analyst stated that although XRP may not hit $100 or $50 after its lawsuit with the SEC, he still believes that the remittance token will hit $5, which is still a major feat. Meanwhile, the analyst EGRAG CRYPTO also shared his predictions for XRP’s price in a tweet earlier this month. XRP / US Dollar 1W (Source: Twitter) According to the analyst, XRP will remain in the accumulation zone until it breaks through the lower ye...

The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital. Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders. The first lending pool will be available sometime in July, the company stated. Introducing Maple Direct, the new lending arm of Maple Finance. With the formation of Maple Direct, Web3 now has a specialist digital native lender and launches to meet the growing institutional demand for a trusted direct lending desk in Web3.https://t.co/Q4jfnABk3R — Maple (@maplefinance) June 28, 2023 Maple Finance is a blockchain institutional capital marketplace. It is used by Web3 businesses to obtain loans, allowing them to finance product launches or expansions. In the past, Mapl...

Join Our Telegram channel to stay up to date on breaking news coverage The Evolution of Terra LUNA: From Terra Classic LUNC to Terra Blockchain Terra (LUNA) is a public blockchain platform from Terra Classic. It’s known for its algorithmic stablecoin, TerraClassicUSD (UST). Due to a bank run in May 2022, the value of the collateralized LUNC token, which was tied to UST, plummeted, causing LUNA to drop to near zero. In response, Terra Classic was split into a new blockchain called Terra. In January 2018, Terra Classic started developing its blockchain, and in April 2019, it launched. Terra Classic combines traditional fiat currencies’ stability and widespread use with Bitcoin’s censorship resistance. By introducing the UST stablecoin, it made transactions quick and cheap. Among the stablecoins Terra Classic offered were the U.S. dollar, the South Korean won, the Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket. The ...

Though the Swiss National Bank is set to pilot central bank digital currencies, or CBDCs, amid a changing financial ecosystem, it doesn’t necessarily have plans to launch one.  The pilot is meant to test a wholesale CBDC for “a limited time” to test transactions with market participants on the SIX Digital Exchange, a spokesperson told Blockworks. The central bank sees signs in Switzerland of the development of a new financial ecosystem where transactions take place with tokenized securities and tokenized money — an environment set to make financial markets more efficient.  The SIX Digital Exchange launch ed in November 2021 when parent company SIX issued a tokenized bond that marked “the beginning of a new era,” Thomas Zeeb, SIX’s global head of exchanges, said in a statement at the time.  UBS issued a digital 375 million Swiss franc-denominated, three-year bond on the SIX Digital Exchange about a year later — becoming the first such bond by a banking institution to be listed, ...

Join Our Telegram channel to stay up to date on breaking news coverage Blockchain is finding more use cases in the public space, with more countries adopting innovative technology in numerous ways.  In Singapore, the government is applying it to improve its healthcare system, as it recently developed a digital healthcare identification system using the underpinning technology infrastructure.  A Collective Effort  Earlier today, ZDNet reported that SGInnovate, a government-owned investment firm, has partnered with local startup accelerator Accredify to develop a blockchain-based digital health passport. The project, which began in May, will provide a blockchain-secured digital wallet that will allow for healthcare facilities to store citizen’s medical data.  The partners reportedly launched a pilot program in July, with results showing that the app could manage and verify digitized healthcare documents – including coronavirus swab results, discharge memos, and vaccination reco...

Ethereum announced the launch of a financial assistance program, the Devconnect Istanbul Scholars Program. The program is intended to support geographically and demographically marginalized individuals from the community. The eligible candidates would be financially assisted by the platform to attend this year’s Devconnect in Istanbul. Ethereum, the leading blockchain-based software platform, recently announced the launch of the Devconnect Istanbul Scholars Program, a financial assistance program intended to provide financial aid to marginalized individuals from the community to attend 2023’s Devconnect. Devconnect, a one-week-long gathering of the Ethereum community focusing on independent events including workshops and open discussions, was introduced last year. Spanning over eight days, the first-ever Devconnect was organized in Amsterdam, where the “members of the Ethereum community hosted events, intensive workshops, and enlightening talks”. On June ...

The National Tax Agency in Japan recently revised a law on June 20, exempting token issuers from paying corporate taxes on unrealized cryptocurrency gains. This revision aims to ease the burden on crypto token issuers and create a more favorable business environment in Japan. Under the new rules, crypto token issuers are exempt from paying corporate tax on unrealized gains if two conditions are met. Firstly, the token s must be issued by the firm and continuously held since issuance. Secondly, the token s must be subject to “transfer restrictions” from issuance. The proposal for these revisions was approved by Japan’s Liberal Democratic Party’s (LDP) tax committee in December 2022. It was subsequently included in the ruling party’s tax reform outline for 2023, with the final approval from the tax authority granted earlier last week. Previously, token issuers were required to pay a hefty 30% tax on unrealized gains for token s they held if those tok...

The latest bull run has helped the global crypto market to rise by roughly $150 billion in just two weeks. However, as the heat grew, selling pressure rose nonetheless, triggering a notable downtrend. According to data provided by CryptoQuant, there is still a possibility of a correction for the largest cryptocurrency, bitcoin (BTC), despite being down by 1.35% in the past 24 hours. Usually, the BTC price rise has helped the global crypto market cap to gain traction. $BTC inflow mean went above 15.0 in the last hour "When multiple exchange inflows with a mean above 15 triggers, there is a strong possibility of a correction within the next few hours." by @onchain_edge Linkhttps://t.co/7U8qVTUG4t — CryptoQuant.com (@cryptoquant_com) June 26, 2023 Moreover, the bitcoin exchange inflow mean has risen above the average 15 BTC mark to 18.45 coins, according to CryptoQuant. This means that the average amount of bitcoins in a transaction entering the exchanges is 18.45 BTC...

Jun 25, 2023 at 07:07 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Dogecoin (DOGE) price crossed the level of recent support and climbed to $0.070. Dogecoin price long term forecast: bullish The bears drove the cryptocurrency price to a record low of $0.053, but the bulls bought the dips. On the positive side, Dogecoin rose above the moving average lines, but slowed down at the 50-day line SMA or the $0.070 level. The resistance level needs to be broken for the cryptocurrency to continue rising. However, the recent high...

He owns 75 luxury brands including Louis Vuitton, Tiffany, and Tag Heuer, a luxury superyacht named Symphony, his own private island in the Bahamas and, uncharacteristically, a collection of NFTs. Turns out, the world’s richest man, Bernard Arnault, has his own little nest egg of digital collectibles, despite past comments that seemed to show hesitancy regarding the technology. In a conversation with his former advisor and chief digital officer of LVMH, Ian Rogers, the chair and CEO of the conglomerate of luxury brands revealed his own NFT collection. Read more: NFT Investing Explained for Today’s Market Arnault has reportedly exhibited a “tepid” attitude toward the technology in the past, despite his sons showing considerably greater interest. Alexandre Arnault once touted a jewel-laden Cryptopunk Tiffany pendant and brother Frédéric Arnault, CEO of Tag Heuer, showed off his enthusiasm for Web3 tech with NFT display functionality on the luxury watch brand.  Arnault senior has r...

Join Our Telegram channel to stay up to date on breaking news coverage In an unprecedented move, the diminutive island nation of Palau in the Pacific, renowned for its scuba diving sites, has opened doors to the digital world. Offering one-year “digital residency” for a mere $248, the initiative doesn’t require physical presence in the nation. The project has piqued the interest of cryptocurrency traders seeking an alternative route to gain access to trading platforms, barred in countries such as the U.S., China, and Canada due to an ongoing crypto crackdown. Changpeng Zhao (CZ), the founder of Binance, one of the leading crypto exchange platforms, initially advocated for the program. However, after conducting due diligence, Binance dissociated itself from the program. The exchange is not available to American users as it lacks an operational license in the U.S. Established in January 2022, the digital residency program is operated by the Palau government...