Month: May 2022

XRP Price Rebounds, Up 6% In 24 Hours, After Suffering Major Hiccup

XRP price shoots 6% over the past 24 hours despite suffering a slump of 28% on April 16. The crypto was able to bounce back on May 1 and get stronger by the day with a surge of 12%. XRP is set on its road to recovery in the coming weeks. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% XRP’s expected jump would be at 30% in Q2 this year. (Image credit: Dreamstime.com) Ripple (XRP) – Pioneering The Crypto Scene XRP was one of the…

ApeCoin integrates with Polygon amid NFT mint backlash and speculation

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ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon (MATIC) after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident led to speculation about a new chain for APE. One of the world’s largest Web3 ecosystems, @0xPolygon now supports ApeCoin making it available for 19,000+ dApps and games across the board! https://t.co/vUoGTAfqkl — ApeCoin (@apecoin) May 2, 2022 On Sunday, Yuga Labs, the creators of the Bored Ape Yacht Club NFT collection, opened the minting for Otherdeeds NFT land. The drop gained overwhelming support from its community, with…

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Spanish Cryptocurrency Exchange Bit2me Expands Operations to Brazil – Exchanges Bitcoin News

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The Spanish cryptocurrency exchange Bit2me is taking interest in getting into the Latam market. The company has launched its operations in Brazil by introducing an office in the country that will deal with compliance issues to make the exchange a safe option for Brazilians. The exchange aims to successfully tackle the 20-million-customer market in the country. Bit2me Expands to Brazil With Latam as Target Bit2me, one of the most recognized Spain-based exchanges, is taking steps to expand to Latam. The exchange announced the establishment of a new office in Brazil,…

Solana developers share 3 key mitigation steps to make the network robust

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TheSolana network faced its seventh outage on April 30, resulting in a downtime of over seven hours. The developer team has come out with an outage report along with three key mitigation steps to make the network more stable. The network outage on Solana was caused by a significant surge in the number of transactions due to nonfungible token (NFT) minting bots. The bots used Candy Machine, a popular application used by Solana NFT projects to launch collections. The transaction volume reached 6 million per second, overflowing individual nodes with…

SEC doubles down on crypto regulation by expanding unit

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The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets.  As per the announcement, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions. The SEC stated that the 20 hires would include investigative staff attorneys, trial lawyers and fraud analysts. Chair Gary Gensler praised the appointments as long overdue and essential to overseeing one of Wall Street’s newest and most popular sectors.…

Bitcoin of America Launches New Website and Blog – Press release Bitcoin News

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press release PRESS RELEASE. Bitcoin of America has officially launched a newly redesigned website and blog. The popular operator has created an all-new modern design that features their services. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. The popular operator has made a lot of exciting changes this year. They recently announced their addition of dogecoin to their Bitcoin ATMs.…

CI Global, Galaxy Digital Expand ETF Suite With Blockchain and Metaverse Offerings

“Blockchain and the metaverse are two extraordinarily powerful trends that are set to dramatically change our society and how we do business,” Roy Ratnavel, CI GAM’s executive vice-president and head of distribution for CI GAM said. “Our ETFs provide investors with low-cost, convenient and diversified exposure to the growth potential of these rapidly developing, leading-edge sectors.” Source