Month: May 2023

Study Reveals Top Countries Fueling Meme Coin Interest in 2023 – Altcoins Bitcoin News

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In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K., encompassing over half of the top ten countries’ interest driving the meme coin phenomenon. Report Unveils Global Meme Coin Fever On May 3, 2023, crypto market aggregator coingecko.com unveiled a report detailing the leading ten countries propelling the meme token trend. As of this writing,…

P2P Bitcoin Exchange Paxful Back Online After Temporary Suspension

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Crypto remains hopeful as market moves sideways: Report

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After a turbulent month for the crypto industry in March, Bitcoin’s (BTC) price went sideways in April despite some volatility. The meteoric rise of memecoins, such as PEPE, made headlines, and First Republic, another mid-sized United States bank, went under. However, on the basis of current market sentiment is a standoff between markets and policymakers: While the U.S. Securities and Exchange Commission Chairman Jerome Powell publicly states that interest rates are unlikely to come down this year, the markets for risk-on assets like crypto have firmly priced in a pivot in…

Crypto miner migration could give Russia control over 18% of bitcoin hashrate

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Analysts predict that increasing regulatory pressure, energy costs and tax burden, in countries such as the U.S. and Kazakhstan could lead to a new migration of crypto miners to Russia. The analysts suggest that Russia has the potential to increase its share of the global bitcoin hashrate to 18%. An appealing situation for miners According to experts from Intelion Information Systems, Russia has the potential to attract up to half of Kazakhstan’s cryptocurrency miners and increase its dominance…

Sui DEX Cetus' IDO oversubscribed by 650%

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According to developers, the fundraising goal of the initial DEX offering was reached in less than one minute. Just hours after the initial DEX offering (IDO) for Cetus began on May 8, its hard cap target of 800,000 Sui (SUI) tokens has already been surpassed, with over 6 million SUI committed worth approximately $6.85 million at the time of publication. Developers claimed that the IDO reached its initial goal in less than 30 seconds after the sale went live.  Cetus is a DEX and liquidity protocol built on Sui and…

China issues first arrest over fake news created with ChatGPT: Report

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A suspect identified only as “Hong” was detained by local authorities and arrested in the Gansu district of China after allegedly using ChatGPT to generate fake news stories.  According to a report from the South China Morning Post, Hong was detained after an investigation into an unsubstantiated article relating to a train crash was discovered on April 18 by law enforcement agents. Hong’s arrest for “using artificial intelligence technology to concoct false and untrue information” came after cybersecurity specialists discovered at least 20 accounts had simultaneously posted the fake news article…