Month: May 2023

Iconic Day in Crypto Journey

Bitcoin Pizza Day has now grown to become a symbolic day for the entire cryptocurrency space and is celebrated with several events every year. Bitcoin Pizza Day has been one of the most celebrated days in the crypto community all around the globe. The highly acclaimed event in the crypto space signifies the inaugural documentation of the use of Bitcoin as a legally accepted form of payment for goods and services. Bitcoin Pizza Day was born on May 22, 2010, and commemorates the first documented real-world transaction using Bitcoin as…

VardexPay aims to simplify finance using an innovative electronic wallet

VardexPay is an international company focused on simplifying finances and revolutionizing electronic payment services, providing a convenient and secure solution for users worldwide. VardexPay provides speed, security, and passive income VardexPay operates on speed, convenience, and simplicity when working with cryptocurrencies. The platform provides its users with an individualized approach, swiftly resolves their issues, and offers minimal fees for all users. VardexPay has further attempted to distinguish itself by its commitment to security. The platform incorporates encryption and two-factor authentication to safeguard users’ financial information effectively.  With a PCI DSS certificate,…

Bitcoin Mining Revenue Surges after Increased Interest in Memecoins and NFTs on Blockchain

Ordinals have triggered a frenzy in memecoins and NFTs on the Bitcoin network, with mining revenue riding high.  The explosive popularity of memecoins and non-fungible tokens (NFTs) on the Bitcoin (BTC) network has induced a surge in mining revenue. However, how long this positive development will last remains to be seen. Memecoin market value was nearly $1 billion in early May, but according to BRC-20.io figures, it is currently down to $582 million. The emergence of meme coins and NFTs on the Bitcoin blockchain is primarily due to the surging…

VardexPay Launches Highly Functional Wallet with Multiple Functionalities

The VardexPay wallet has lowered the barriers to entry for all users, and it gives a unique reward to users who can also deposit their funds to earn competitive rewards. Web 3.0 financial technology startup VardexPay is introducing its advanced crypto wallet as it seeks to make its mark in the emerging industry. The plan to debut a crypto wallet stems from the deep understanding that non-custodial wallets are central to the evolution of the industry and to giving users a safe and personal banking outlet that can give complete…

Hotbit exchange halts operations, urges users to withdraw funds

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In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation back in August 2022. According to the exchange, the probe forced them to stop their business for weeks. In addition, Hotbit also cited various incidents within the crypto space as contributors to its decline. The exchange cited the FTX exchange collapse and the banking crises that caused the USD Coin (USDC) depegging incident as reasons for its deteriorating cash flow. Hotbit said that the incidents resulted…

BTC Price Trading Range Narrows to Tightest in Months

The range, or the difference between the high and the low reached in the seven days to May 21, was 3.4%. That’s one of the narrowest in the past three years and comparable to lackluster trading seen at the start of the year, for a brief moment last month and in July 2020, according to data tracked by analytics firm Glassnode. Source

Bitcoin Price on Cusp of Further Capitulation, Michael Kramer Weighs In

A fall in Bitcoin price could pull the entire altcoin industry amid reduced crypto liquidity fueled by increased scrutiny from US regulators. The most valuable digital asset Bitcoin (BTC) has struggled to continue with the new year’s crypto relief rally in the past two months. Trading around $26, 699 on Monday, Bitcoin price dropped approximately 1.7 percent in the past 24 hours. Nevertheless, the top coin is up approximately 60 percent YTD, outperforming the entire stock market indexes. The $517 billion valued digital asset had a crypto market dominance of…

Tornado Cash attacker to potentially giveback governance control, proposal reveals

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Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance. On May 21, the passing of a malicious proposal allowed an attacker to gain complete control over Tornado Cash’s governance. With total control over the governance of the decentralized crypto mixer, the attacker was in a position to inflict massive losses considering they could withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the…