A meme token named DOG•GO•TO•THE•MOON, created by Leonidas, the founder of Ord.io, has reached a new peak and is now the ninth-largest meme coin by market capitalization. At the time of writing, the token’s market value stood at $695 million. The Top 10 Meme Coins Now Have Bitcoin-Centric Member A new meme coin has entered […] Original
Month: May 2024
Bitcoin.com to Launch Web3 Debit Card “V-Card”
Bitcoin.com is excited to announce the forthcoming launch of V-Card, which will enable anyone to spend their cryptocurrency, just like cash, anywhere Mastercard® is accepted. The waitlist is live now at verse.bitcoin.com/card where you can sign up for the chance to win a free V-Card. V-Card: Transforming Crypto Spending V-Card is a prepaid debit card […] Original
Traders Warn of $60,000 Bitcoin (BTC) Price in Coming Weeks as U.S. Inflation Report Looms
“The price will likely show no clear direction until Friday’s U.S. PCE announcement, and it could be a make-or-break event for bitcoin,” bitBank said in an email. “If the inflation data comes in hotter than expected, bitcoin could give up about a half of its gain in the past two weeks and decline to around $65,000.” Original
Paxful Slashes Gift Card Fees by 80%, Volumes and Interest Surge
Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according to the company. The fee reduction applies […] Source CryptoX Portal
Ethereum Holdings Balloon To 30%
The past few months have seen Ethereum whales, the cryptocurrency world’s Goliaths, flexing their financial muscles. According to a recent report by Santiment, on-chain data reveals a surge in whale activity, possibly fueled by the green light for spot Ethereum exchange-traded funds (ETFs) from the US Securities and Exchange Commission (SEC). This heightened involvement from large investors adds an additional layer of intrigue to Ethereum’s bullish momentum, suggesting growing confidence and anticipation within the market. Related Reading A Whale Of A Time: Accumulation Anchors Ahead The SEC’s surprise approval on…
Singapore’s Largest Bank DBS Holds Nearly $650M in Ether (ETH): Nansen
Ether is the native token of Ethereum, the world’s leading distributed computing platform for creating smart contracts and decentralized applications. Over the years, Ethereum has become a go-to technology for investment banks to tokenize capital markets. Source
what happened to ADA’s big dreams?
Can Cardano, once hailed as the future of blockchain, recover from its steep decline, or has ADA’s journey from promise to disappointment marked the end of its ambitious dreams? How the story started Cardano (ADA) started with big dreams. Created by Charles Hoskinson, one of Ethereum’s (ETH) co-founders, it aimed to tackle the issues of scalability, sustainability, and interoperability that troubled earlier blockchains like Bitcoin (BTC) and Ethereum. Using a proof-of-stake (PoS) system called Ouroboros, Cardano promised a greener and safer blockchain. Cardano’s journey had some notable milestones. The Alonzo…
Feds, Chainalysis reveal $169m in Bitcoin controlled by 911 S5 botnet
Blockchain forensics firm Chainalysis has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang. Crypto analysis firm Chainalysis has traced $169 million in Bitcoin linked to the notorious 911 S5 botnet, a revelation that played a crucial role in the recent arrest of Yunhe Wang, a Chinese national allegedly involved in controlling the botnet. In a blog post, the New York-headquartered firm said the botnet’s illicit operations enabled it to generate substantial revenue through crypto subscriptions sold to cybercriminals engaging…
Dogwifhat: Bullish Sentiment To Propel WIF Towards $6.7
Analysts anticipate that Dogwifhat (WIF), the meme coin with the adorably adorable canine mascot, will soar in value to a whopping $6.7. Related Reading Dogwifhat: Recent Performance Ignites Bullish Momentum WIF has defied the odds in recent weeks, leaving its competitors in the doghouse. Over the past seven days alone, the price has shot up nearly 20%, and the past month has seen an even more remarkable 30% growth. This upward trajectory has fueled optimism within the crypto community, with many investors wagging their tails in anticipation of further gains.…
PayPal Chooses Solana Blockchain For PYUSD Integration, Citing Speed And Low Fees
Online payment company PayPal is set to integrate its PayPal USD stablecoin (PYUSD) into the Solana (SOL) blockchain, which is increasingly becoming the preferred choice for memecoin issuers. This move follows the successful launch of PYUSD on the Ethereum (ETH) blockchain and its subsequent addition to PayPal’s Venmo peer-to-peer (P2P) payments service. According to Bloomberg, the decision to join Solana was driven by the blockchain’s speed and low transaction fees. Expanding PYUSD’s Reach In The Memecoin Market Solana’s transaction processing capabilities, currently measuring 1,423 transactions per second (tps) according to…