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DTCC, Chainlink pilot accelerates fund tokenization with major banks on board; LINK soars 7%
17.5.2024
The Depository Trust and Clearing Corporation (DTCC), recognized as the world’s largest securities settlement system, has successfully completed a pilot project in collaboration with the blockchain oracle Chainlink and multiple major U.S. financial institutions. The term “Smart NAV” given...
Solana NFT first-time wallets rose 30%, boosting market optimism
17.5.2024
The previous week, wallets using Solana non-fungible tokens saw a price surge. This increase in activity is a tangible reflection of the huge popularity and growing participation in the Solana NFT system. Solana is one of the top-notch non-fungible token platforms, followed by Bitcoin...
Bitcoin: analysts predict short-term jump before a downturn
17.5.2024
As per the consensus among analysts, the forecast for Bitcoin indicates that it will undergo a transient upswing prior to a downturn. According to Ali, a prominent cryptocurrency analyst, caution should be exercised when selling Bitcoin. He further emphasizes this by using his TD sequential...
Solana-based platform Pump.fun loses $2M in flash loan exploit
17.5.2024
Pump.fun, a Solana platform, has suffered a loss of $2 million. The perpetrator used flash loans to acquire SOL, followed by Pump.fun meme coins. The breach of the bonding curve was a resultant factor. Pump.fun stated that it has strengthened its contracts to stop the hackers from taking more money...
Ethereum price corrects technically after the rise
17.5.2024
Ethereum is currently testing its $2,925 support, and it anticipates a massive price hike in the coming days. After the bears defended $3,040, ETH entered a downside correction stage. According to recent market reports, the Ethereum price trades below $2,960, as does the 100-hourly Simple Moving...
NEAR Chain Signatures restructure creation of multichain Web3 app
17.5.2024
NEAR Chain Signatures has restructured the process of creating multichain Web3 applications for various use cases, such as DAOs, NFT minting, and airdrops. It adds robust smart contract functions to non-smart contract chains such as BTC and XRP, benefiting users and builders. Prior to this,...
XRP on the verge: Price hints at breakout, key levels to watch
17.5.2024
In the latest news, the cryptocurrency market saw the value of XRP decline following a period of constant growth. The $0.520 resistance is observed, which is the same as the fluctuations in Bitcoin and Ethereum. In the meantime, the continuous sale of XRP pushed it below its support level...
AMF warns: Bybit operates without approval in France
17.5.2024
Bybit, a prominent cryptocurrency exchange, has recently faced regulatory scrutiny in France. Despite the cryptocurrency exchange, it has been in the market for five years. The exchange is estimated to have a user base of 20 million around the world. The fact that the exchange is not authorized...
XRP Lawyer Deaton hits back at SEC and Warren over crypto regulation
17.5.2024
John Deaton, a well-known lawyer who has spoken publicly in favor of XRP, recently published a devastating review of both the Securities and Exchange Commission (SEC) and Senator Elizabeth Warren. He opines that the above entities are more concerned about their political agendas than those of...
Crypto ETF race intensifies with US and Hong Kong spot crypto ETFs
17.5.2024
Other countries and global markets will soon join the digital asset race, including Australia. Recently, the American Securities and Exchange Commission approved spot Bitcoin ETFs. Hong Kong also took a similar initiative, approving spot Ether Exchange Traded Funds. The US performed better than...
SEC says crypto exchanges are delisting Naira from P2P platforms
17.5.2024
The Securities and Exchange Commission (SEC) recently announced that cryptocurrency exchanges have begun delisting the Naira for peer-to-peer (P2P) trading platforms. The SEC and the Office of the National Security Advisor (ONSA) issued an order the week prior mandating that digital currency...
Ouroboros Genesis: Unveiling the latest design innovations
17.5.2024
The appearance of Ouroboros Genesis marks a significant step forward in the process of creating Cardano’s core consensus protocol, Ouroboros. This update is designed to safeguard users who have recently joined the network or returned to the network. The Cardano blockchain runs on...
Ride the wave: Turn $100 into $300k with BEFE coin
17.5.2024
Crypto experts predict that investing $100 in BEFE coin today can earn you $300,000. In this article, we will discuss how BEFE became a crypto goldmine less than a year after its launch. BEFE, a meme coin, has been creating increasing noise over the past few weeks. Launched in November 2023,...
BRISE coin soars 7% – FOMO takes over!
17.5.2024
As the crypto market swings for another massive pull, the charm has worked in favor of a few tokens, including Bitgert. Bitgert was launched in 2021 and rebranded in the same year as a Layer-1 Blockchain. It is one of the most resilient tokens today investors can look out for, having survived...
SKUx and Visa partner to boost merchant and CPG digital transformation
17.5.2024
SKUx inks an exclusive deal with Visa to expedite digital transformation for specific business houses and FMCG firms. These organizations employ SKUx’s payment-focused services to support a variety of consumer use cases. These include client intake, loyalty issues, and a whole lot more. SKUx...
14th Africa Bank 4.0 Summit – Pan Africa: Shaping the future of finance in Nairobi, Kenya
17.5.2024
With a vision of “Celebrating Africa’s Financial Realities: Where Digital Dreams Shine Bright”, the 14th Africa Bank 4.0 Summit – Pan Africa is all set to take place on May 29-30, 2024, in Nairobi, Kenya. With a history of 13 successful editions of the flagship “Africa Bank 4.0 Summit”,...
Sealana presale hits $1 million milestone – Is it the next PEPE?
17.5.2024
As the wider crypto market has experienced a significant surge today, investors are rushing to find the tokens to invest in ahead of the anticipated bull run. With Solana-based meme coins showing major results over the past few bull runs, the crypto community now waits for Solana’s next 100x...
Crypto influencer endorses BlockDAG’s 30,000x ROI potential amid Dogecoin’s growth & Ethereum Classic’s halving
17.5.2024
Famous crypto influencer Michael Wrubel’s recent endorsement for BlockDAG amid its recent spectacular display at Piccadilly Circus in celebration of its CoinMarketCap listing is causing a stir in the crypto community. BlockDAG (BDAG) has positioned itself as a top altcoin to invest in with...
Will VeChain (VET) be a profitable investment in May 2024?
16.5.2024
VeChain’s native token, VET, is currently trading at around $0.034 and has nearly increased by 1.5% in trade volume over the last 24 hours. VET is based on the VeChain supply chain, which recently turned green after trading in red for more than seven days. As it crawls slowly in the price...
Will the upcoming update to Cardano impact the price of ADA?
16.5.2024
The Cardano protocol will receive a new update in order to facilitate the development of smart contracts on the Cardano network. It will be a novel product prompted by demand in the community. The next update on Cardano already includes the CIP-0069 proposal, which will facilitate the development...