Day: October 28, 2023

Binance Welcomes Memecoin (MEME) as 39th Project on Launchpool

Following the farming period, Binance is all set to list MEME on November 3, 2023, at 08:00 (UTC). Binance, one of the world’s leading crypto exchanges, is excited to announce Memecoin (MEME) as its 39th project on Binance Launchpool. MEME is the native ecosystem token of Memeland, a Web3 venture studio created by 9GAG, the globally popular meme platform.  Memecoin on Binance Launchpool Starting today, Binance users will have the opportunity to stake their Binance Coin (BNB), TUSD (TrueUSD), and FDUSD into separate pools to farm MEME tokens. This farming…

Taiwan officially advances crypto bill

The Virtual Asset Management Bill lays the foundation for categorizing virtual assets and outlining the operational guidelines for exchanges within the country. On Oct. 25, legislators in Taiwan introduced a Virtual Asset Management Bill to the Legislative Yuan, the country’s unicameral parliament. The bill aims to offer enhanced customer protection and proper supervision to the burgeoning crypto industry. 🚨 BREAKING: 🇹🇼 Taiwan Makes a HUGE Move in #Crypto Regulation 😳 The island nation just passed the first reading of a draft BILL to create a Legal framework for Crypto assets…

Bitcoin Predictions To Keep An Eye On As Price Reclaims $34,000

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Bitcoin has once again reclaimed $34,000 even as the euphoria around the possibility of a Spot Bitcoin ETF being approved soon. Following this, there is the need to look at the predictions of certain analysts who have weighed on the future trajectory of the flagship cryptocurrency from its current price action.  Where Is Bitcoin Headed From $34,000? In a post shared on his X (formerly Twitter) platform, the CEO and Founder of trading platform MN Trading, Michaël van de Poppe, stated that the crypto was fighting $34,700 as resistance and…

BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more

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Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of the exchange’s largest creditors, which means its customers’ repayment success is tied to FTX’s ability to recover its assets. FTX’s new management is also carefully considering its future options, including selling the entire exchange — which includes…

BNBChain unveils secure multi-signature wallet

BNBChain has launched its safe multi-signature wallet service, BNB SafeWallet. It is based on the Gnosis Safe protocol and runs on the BSC network and opBNB.  According to BNBChain’s blog post, the launch of Gnosis Safe Multisig on the Binance Smart Chain is a milestone in enhancing security for the BSC network and beyond.  Gnosis Safe, a smart contract wallet, boasts core multisig functionality, enabling advanced execution logic, access management, and high security. The protocol supports various wallets controlled by one or multiple owners for wallet security. BNBChain’s Safe multi-signature…

Impersonation scams in crypto, explained

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Understanding impersonation scams in crypto In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information. In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams are common. So, how do impersonation scams work in crypto?  In the crypto world, impersonation frauds often take place in stages. Scammers sometimes impersonate famous people, influential people or trustworthy cryptocurrency platforms while creating their false online identities. Through these…

Solana Price Could Reach $3,211 By 2030, VanEck Forecasts

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SOL, the native token of the Solana blockchain, has been one of the biggest winners in the crypto market lately, delivering another positive price performance over the past week. This impressive price action reflects the increased interest in the altcoin and the recent shift in the climate of the general crypto market.  Interestingly, asset management firm VanEck is amongst the latest entities showing interest in the Solana token and the altcoin’s prospects. VanEck Predicts Potential 10,000% Rally For Solana In a report published on Friday, October 27, prominent asset management…

Roundhill files for Bitcoin Covered Call ETF

Roundhill Financial has submitted a proposal to create a Bitcoin Covered Call ETF in the wake of the anticipated approval of Bitcoin spot ETFs by the SEC. New York-based investment advisor Roundhill Financial has reportedly moved in anticipation of the Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs). It forwarded a proposal to create a Bitcoin Covered Call ETF. According to Eric Balchunas, a senior ETF analyst with Bloomberg, Roundhill’s ETF proposal will be a fusion of a Bitcoin (BTC) futures ETF with additional call and put…

Bitcoin hits $35k: deep dive into prospects

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Bitcoin (BTC) recently reached $35,000, sparking optimism in the crypto market. IntoTheBlock has analyzed key factors shaping its future, from institutional interest to cyclical patterns.  Institutional support for Bitcoin Crypto market data analysis platform IntoTheBlock takes a dive into Bitcoin’s on-chain metrics this week, shedding light on its immediate and long-term prospects. Bitcoin’s resilience is evident, buoyed by both tactical strategies and institutional backing. We analyzed on-chain metrics regarding Bitcoin’s outlook in this week’s newsletter. Bitcoin is showing strength both from a tactical and longer-term perspective, with institutional demand reinforcing…

Analyst Forecasts Chainlink (LINK) To Fall Below $10 Following Massive Price Surge

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Chainlink (LINK) has emerged as one of the top cryptocurrencies in the last week following an impressive market performance which saw the token gain by 46.49% in the past seven days. Even amidst whale movements, which suggest that investors are taking profit, LINK has managed to maintain its bullish momentum, gaining by 6.10% in the last day to above the $11 mark. However, despite the positive sentiment that has currently overwhelmed the LINK market, some analysts believe the token may be due for a major retracement.  LINK To Fall Below…