Day: May 9, 2024

AgriDex, Commodities Marketplace on Solana Blockchain, Raises $5M to Tokenize Agricultural Real-World Assets (RWA)

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

boss

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since late March. Bitcoin Network Sees Significant Reduction in Difficulty and Hashrate Over the forthcoming two weeks, Bitcoin miners will see […] Original

EU Considers Crypto Integration Into $12.88 Trillion Market

boss

Europe’s securities regulator is seeking input from stakeholders on the potential inclusion of crypto assets in a potentially massive market. The European Securities and Markets Authority (ESMA), the regulatory authority responsible for overseeing financial markets within the European Union, has recently initiated a comprehensive review of the regulations surrounding the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD). This move could potentially enable the integration of cryptocurrencies into a vast investment market valued at approximately €12 trillion (roughly $12.88 trillion). On May 7, 2024, ESMA released…

Crypto Lender Ledn Reports Record $690M Loans in First Quarter as Lending Market Snaps Back

The crypto lending sector imploded in 2022 alongside dwindling asset prices, spurring lenders including Celsius, BlockFi and Genesis to file for bankruptcy. Centralized lenders such as Ledn are only just starting to shake off negative sentiment left by their demise. Lending in decentralized finance (DeFi), meantime, continued to boom, with the likes of Aave accumulating $10 billion in total value locked (TVL). Source

Crypto Market Slides as Rebound Seen Delayed

VanEck subsidiary MarketVector has started an index based on the performance of the top six meme coins. The MarketVector’s Meme Coin Index, which trades under the symbol MEMECOIN, is up 195% on a yearly basis. For comparison, the CD20 is up 97% during the same period. MEMECOIN tracks Dogecoin, Shiba Inu, Pepe, dogwifhat, Floki Inu and BONK, which account for nearly $47 billion of the total meme coin market cap of $51 billion, according to CoinGecko. While they unashamedly represent the lighter side of the cryptocurrency market, some commentators believe…

Pepe Coin surges 20% this week, sparking interest as a leading memecoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe coin rises 20%, gaining traction as analysts predict further gains, while Dogeverse raises $13 million in its presale, highlighting its potential. The memecoin showdown intensifies, and Pepe is vying for frontrunner status as it pumps 20% this week. Will its rally continue, and is it the best memecoin to buy now? Pepe price shows relative strength, analysts forecast gains  Pepe’s recent run shows no signs of slowing down,…

AIGOLD Goes Live, Introducing the First Gold Backed Crypto Project – Blockchain News, Opinion, TV and Jobs

George Town, Cayman Islands, May 8th, 2024, Chainwire AIGOLD is pleased to announce the launch of its innovative cryptocurrency project. This groundbreaking initiative integrates artificial intelligence with the enduring value of gold, aiming to redefine the landscape of digital assets. The presale phase of AIGOLD is currently underway, with early access available at aigold.io. Remote Blockchain Education – Blockchain Partners AIGOLD: Pioneering Gold Integration in Cryptocurrency with Enhanced Security and Market Stability AIGOLD is aiming to lead the integration of gold into the cryptocurrency sector, enhancing security and stability for…

South Korean convenience store chain Emart24 to sell Bitcoin meal box

boss

Emart24, a prominent South Korean convenience store chain, is set to introduce a Bitcoin-themed meal box as an in-store item. According to a May 9 announcement, the company has joined hands with local cryptocurrency exchange Bithumb to bring the Bitcoin delicacy to life.  The partnership will make 30,000 of these meal boxes available by the end of the month. Each box will cost $4.30, or 5,900 Korean won. Local media reports add that the Bitcoin meal boxes will also allow buyers to participate in a Bitcoin giveaway worth 10,000 Won.…

Trump Attacks Biden’s Crypto Awareness, Says ‘Biden Doesn’t Even Know What It Is’ at NFT Gala

Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrency for campaign contributions. Trump also shared with the group that President Joe Biden “doesn’t even know” what crypto is. Trump Champions Cryptocurrency at NFT Collection Gala At former U.S. […] Source CryptoX Portal

Bitcoin Whales Lose Interest, Is This A Precursor For A Crash To $50,000?

boss

Movement and accumulation from crypto whales are two of the catalysts for Bitcoin price increases. Although major whales are still buying the dip, on-chain data indicates a general waning accumulation momentum which suggests their conviction might actually be waning.  According to IntoTheBlock, an on-chain analytics firm, Bitcoin whale accumulation volumes have declined substantially in each buying cycle over the past month. This decline in whale accumulation could be worrying for investors, especially as the price of Bitcoin is now trying to hold above $60,000. Whale Appetite For Bitcoin Dips According…