Month: March 2024

Biden-Related Memecoin Stuns Markets With 5,000% Surge

The memecoin frenzy has struck again, and this time it’s centered around the likeness of US President Joe Biden. BODEN, a token named after the president, has experienced – at one point – a mind-boggling surge in value, skyrocketing by a jaw-dropping 5,000%, according to CoinMarketCap. BODEN’s meteoric rise is just one example of the wider trend of meme coins seeking to capitalize on the popularity of prominent figures, be they politicians or celebrities. These tokens aim to attract investors seeking quick profits by leveraging the fame of their namesakes.…

14-Year Old Dormant Bitcoin Wallet Wakes Up To Crash BTC Price

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The Bitcoin foray past its previous all-time high into new territory was short-lived as the crypto dipped in the hours after. On-chain data has shown an interesting scenario that contributed to selling pressure leading to the crash. According to Spot On Chain, a dormant Bitcoin address holding $67.1 million worth of Bitcoin recently came to life after 14 years of inactivity to sell all of its large holdings. Bitcoin Wallet Wakes Up To Crash BTC Price Bitcoin recorded a new all-time high of $69,200 during the week to surpass the…

DOGE, SHIB, PEPE Rally Eases as Traders Start to Bid AI Projects

AI tokens remain a hot narrative for crypto traders because the technology is expected to drive key innovations in the global economy in the coming years. However, the relationship between AI and crypto is unclear: Artifical intelligence cannot run on a blockchain. Even so, developments in traditional AI companies, such as OpenAI, drive gains in AI tokens as traders utilize them as a proxy bet on the industry. Source

Nigeria Is Updating Guidance for Crypto Firms After Binance, Coinbase Block: Report

The report, which cites documents from the Securities and Exchange Commission (SEC) of Nigeria, follows headlines from February that Nigeria’s government had blocked local access to several crypto platforms, including Binance, Kraken and Coinbase. Coinbase said at the time that it remained accessible and did not immediately respond to a CoinDesk request for comment on the current status. Source

LBank Labs Invests in Versatus to Revolutionize Web3 Development

PRESS RELEASE. LBank Labs, a prominent blockchain venture fund, has invested in Versatus, the Universal dApp Engine, to address one of the most critical roadblocks in realizing Web3’s immense promise – the developer shortage. Despite over 27 million developers worldwide, less than 0.1% build for Web3. And out of those few, most leave within a […] Source CryptoX Portal