DigiToads’ TOADS outpaces ethereum in the ongoing presale

DigiToads is a new crypto project with a toad as its mascot. It offers is practical features and presents earning opportunities for users. These utilities can be accessed through DigiToads’ native token, TOADS. However, investors are considering the project because TOADS offer more utilities than other meme coins. Moreover, TOADS is growing rapidly, attracting short and long term investors.  Already, over 92% of TOADS allocated for stage six of the presale have been sold. At this phase, early adopters are in profits, outpacing gains posted by top crypto coins like ethereum…

Tradecurve trading imminent, TCRV may displace apecoin and avalanche

With the presale underway and Tradecurve launch imminent, investors could buy the token at a discount. Once launched, Tradecurve could revolutionize the trading industry, possibly displacing established altcoins such as apecoin (APE) and avalanche (AVAX).  This article explores the potential of Tradecurve and why it has garnered significant attention from traders. As the launch of Tradecurve nears, investors appear to be positioning themselves, possibly recognizing the potential of this hybrid trading platform. This is ahead of the second phase of the presale of Tradecurve’s native token, TCRV. Tradecurve aims to…

PSYOP creator threatened with a lawsuit, urged to refund ETH 

A partner at Loevy & Loevy firm, Mike Kanovitz, has threatened to sue the founder of the PSYOP project, who goes by the handle “Ben_eth” , if he doesn’t refund presale purchasers of their hard-earned ethereum (ETH).  Refund presale investors in full In a letter shared on May 19 and minted as a non-fungible token (NFT) on Ethereum, a smart contracting platform, the lawyer notes that the founder intentionally misled investors and failed to honor promises regarding the project.  To @eth_ben and @psyopeth :My law firm, Loevy & Loevy, will be filing…

These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021. Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.” Crypto…

MetaMask revamps terms of use to include a vital tax update

MetaMask, a popular Ethereum native non-custodial wallet, has updated its terms of use and now has the right to “withhold taxes where required”. This change in their service is why the cryptocurrency community on Reddit is beginning to question ConsenSys’ decision to change their terms of use.  It is not immediately clear what could have motivated ConsenSys to update its terms. However, companies regularly updated their terms and conditions to adapt to changing regulatory environments. Specifically on tax obligations, ConsenSys, the team behind MetaMask, acknowledges that taxes must be paid as stated by applicable…

Ripple scores against SEC, blockchain adoption in China and South Korea, more ETH staked| Weekly recap

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto adoption rate remained considerably high despite ongoing regulatory considerations. The crypto scene was also flushed with apprehensions concerning Ledger’s recently introduced seed recovery feature. Ripple secures landmark ruling On May 16, Judge Analisa Torres, the US district judge overseeing the lawsuit between Ripple and the US SEC,…

Analyst urges investment in bitcoin and treasuries, warns of US bank risks

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In his latest interview on Stansberry Research with Daniela Cambone, Macro Guru Hugh Hendry, expanded his views on the U.S. banking system amid the uncertainty surrounding the financial sector. Specifically, he urged people to consider bitcoin (BTC) as part of their investment. US bank could restrict cash withdrawals In the interview, Hendry pointed out that the Federal Reserve’s (Fed) tight monetary policy has increased the probability of customers being restricted whenever they want to make withdrawals. In…

Biden won’t accept debt deal protecting crypto traders — G7

United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans’ proposed terms as “unacceptable” during a press conference. “I’m not going to agree to a deal that protects wealth tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans.” The alleged protections for crypto traders refer to tax-loss harvesting. According to the Washington Post, there’s an ongoing discussion between the White House…

Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view with Bitcoin (BTC), Ether (ETH) and BNB, on average, gaining 0.3% between May 12 and May 19. Total crypto market cap in USD, 12-hour. Source: TradingView Notice that the descending wedge formation initiated in mid-April…