Some holders have turned pocket change into fortunes after getting into the very early stages of pepe. Source
Pepecoin Drops Nearly 50% From Highs as Traders Likely Taking Profits for Ether
Month: May 2023
Pepe’s sudden drop leaves whale 500k in the red
The price of new memecoin Pepe (PEPE) has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds of thousands in paper losses. According to blockchain analytics service Lookonchain, one crypto “whale” purchased 962.3 billion Pepe tokens using 70 Wrapped Bitcoin (WBTC) and 470 Ether (ETH) for an average price of $0.000003122 on May 5. PEPE has, however, fallen 42% from its all-time high since then, according to CoinGecko. The crypto investor’s PEPE holdings are now estimated to be worth…
‘Bitcoin is not under attack:’ BTC maxis allay fears of a DoS offensive
A sudden spike in Bitcoin (BTC) transaction fees and unconfirmed transactions sparked concern on Crypto Twitter over the weekend of a potential Denial of Service (DoS) “attack” on the network. Some Bitcoin analysts and commentators have been quick to allay these fears from their respective followers. Bitcoin average transaction fees are currently $19.20, or 0.00068 BTC, according to BitInfoCharts. Meanwhile, according to Mempool Space, the backlog of transactions at time of writing stood at 459,341. The increased demand on the network has even caused total fees per block to temporarily exceed…
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say – Mining Bitcoin News
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half of Kazakhstan’s Cryptocurrency Miners The Russian Federation has a chance to increase its leadership in the field of crypto mining, against the backdrop of negative developments for the industry elsewhere. According to specialists from Intelion…
Binance halts Bitcoin withdrawals for the second time in 12 hours
Bitcoin (BTC) withdrawals on Binance have again been temporarily shuttered, with the crypto exchange claiming it was due to a large backlog of pending withdrawals. Binance tweeted on May 8 that it closed off BTC withdrawals “temporarily” as there was a “large volume of pending transactions.” It added the transactions are still pending, as its “set fees did not anticipate the recent surge in [Bitcoin] network gas fees.” There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge…
Binance Pauses Bitcoin Withdrawals for the Second Time in 24 Hours
The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion. Original
Hong Kong to step in as ‘options are dwindling’ globally — FinTech chair
Crypto-friendly Hong Kong is still gung-ho about giving its citizens access to crypto trading despite other jurisdictions “taking a step back,” claims the chair of the FinTech Association of Hong Kong (FTAHK). Speaking to Cointelegraph at the Hong Kong WOW Summit in March, FTAHK chair Neil Tan said while Singapore and the United States are seemingly stepping back from permitting crypto retail trading, “Hong Kong is stepping forward.” On June 1, a licensing regime for crypto exchanges will come into effect and Tan said it’s “going to also include retail.”…
You can now create a shitcoin in less than 23 seconds
As so-called “memecoins” capture the attention of the wider crypto industry in recent weeks, a viral video has emerged detailing just how easy it is for anyone with an internet connection to create a brand new cryptocurrency from scratch. A May 6 video from digital artist Johnny Shankman — who goes by @whitelights.eth on Twitter — shows him completing a “speedrun” of creating and deploying an entirely new token, humorously dubbed “EASY_MONEY” in just 27 seconds. The record was then beaten just a day later, clocking in at 22.45 seconds. …
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US – Regulation Bitcoin News
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time to bring law and order to the multi-billion-dollar industry,” said Attorney General James. NYAG Letitia James Launches ‘Landmark’ Crypto Legislation The New York State Attorney General (NYAG) Office announced Friday that Attorney General Letitia James has proposed “landmark legislation to tighten regulations on the cryptocurrency industry…
First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause
PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run. Original