Tag: Top

Memecoin sends BTC fees to the moon, miner profits top $50B…

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Top Stories This Week Memecoin hype drives Bitcoin transaction fees to multi-year highs The ongoing trading frenzy of memecoins like Pepe has triggered an unwanted consequence for Bitcoin (BTC) — raising its transaction costs to their highest point in two years. On May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.5 million, jumping about 400% from late April. Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem amid the rise of memecoins. A total of 8,500 different tokens have been minted…

Top US Crypto Exchange Coinbase Rolls Out Official Trading Support for Ethereum-Based Cross-Chain Bridge Altcoin

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Top US crypto exchange Coinbase is rolling out trading support for an under-the-radar cross-chain bridge altcoin built on Ethereum (ETH). The exchange’s customers can now trade Multichain (MULTI), a cross-chain protocol that aims to be “the ultimate router for Web 3.0.” Formerly known as Anyswap, the project launched in July 2020 and has processed $103.45 billion in total volume. It currently supports 92 different chains. Multichain currently ranks third among all cross-chain bridge projects in terms of total value locked (TVL), with $1.8 billion at time of writing, according to…

SUI price drops 70% from market debut top amid excessive supply concerns

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The price of Sui (SUI) has dropped sharply after its market debut across leading cryptocurrency exchanges. On May 5, the SUI price was $1.26 per token, down about 70% from its record high of around $4, established two days ago on Binance. Interestingly, on other exchanges like Kraken, the token’s market top was $1.60 or lower, suggesting it was in “price discovery” mode after the launch. SUI/USD daily price chart. Source: TradingView Still, SUI maintains its overall market gains, up nearly 1,200% from its market debut. Early SUI price fundamentals…

US vice president gathers top tech CEOs to discuss dangers of AI

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The United States vice president and President Biden’s top advisors have held a meeting with several AI industry CEOs to discuss “concerns about the risks associated with AI.” On May 4, U.S. vice president Kamala Harris was joined by nine top Biden administration advisors in science, national security, policy and economics, meeting with the CEOs of OpenAI, Microsoft, Google and AI startup Anthropic. Notably, tech giant Meta’s CEO Mark Zuckerberg was absent from the meeting. Before the meeting, the White House released a flurry of AI-related announcements regarding funding AI…

36% of the top 1,000 crypto projects went silent on blogging this year

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More than a third of the top 1,000 crypto projects — a term that includes both crypto companies and individual tokens — haven’t published a single new article on their respective websites in 2023. According to a May 1 research report, from blockchain marketing agency Guerilla Buzz — whose clients include the likes of Coingecko and crypto exchange AAX — a staggering 35.8% of the top 1,000 cryptocurrency projects have failed to update their websites with any new written content this year. Additionally, the report found that of these 1,000…

DCG-owned crypto exchange Luno loses a top global exec

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DCG, Luno’s parent company, has been grappling with the ongoing fallout from last year’s plunge in token prices and the collapse of FTX. Rafael Henrique | Sopa Images | Lightrocket via Getty Images Vijay Ayyar, a senior executive at cryptocurrency exchange Luno and one of its earliest employees, is leaving the company. Ayyar, who is Luno’s vice president of corporate development and international, resigned from the firm after seven years working there, he told CNBC Tuesday. It comes after the company, which is owned by Digital Currency Group, announced the…

Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark – Economics Bitcoin News

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Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the “biggest financial terrorist in the world.” Kotak explained that several countries were exploring alternative reserve currencies to reduce their dependence on the U.S. dollar. Top Indian Banker Refers to the Dollar as ‘Biggest Financial Terrorist’…

Top 5 crypto casinos every gamer should know in 2023

Cryptocurrencies have revolutionized the online gambling industry, giving rise to crypto casinos where players can bet and play using digital currencies like bitcoin (BTC), ethereum (ETH), and litecoin (LTC). These casinos offer unique advantages, including heightened security and anonymity, faster transactions, and lower fees.  In this article, we will explore the top-5 crypto casinos that every gamer should know in 2023. These platforms have earned their reputation through innovative features, diverse game offerings, exceptional user experience, and robust security measures.  Crypto.Games Crypto.games supports bonuses, lottery tickets and more. It was…

Top Crypto Exchange Binance Rolls Out New Dogecoin (DOGE) Trading Pair As Leading Memecoin Tracks Sideways

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The world’s largest crypto exchange by volume has launched a new trading pair for Dogecoin (DOGE) as the top memecoin continues to consolidate. Binance customers can now swap DOGE with the stablecoin TrueUSD (TUSD). TUSD, which aims to maintain a 1:1 peg to the US dollar, is the fifth-largest stablecoin by market cap. Dogecoin is trading at $0.0806 at time of writing. The ninth-ranked crypto asset by market cap is up 0.25% in the past 24 hours, 2.7% in the past seven days, and more than 7% in the past…