crypto
There’s no hotter trend and narrative in the cryptocurrency market today than meme coins. The fusion of the internet meme, pop culture and viral trends continue to collide into a force that has evolved a whole new space teeming with opportunity. But while opportunity abounds, finding the next big thing before the crowd gets in is the tough part. Recently, politics-related memecoins stirred quite a frenzy, but that ship sailed a while ago. Now there’s this brewing narrative that’s alcohol-themed tokens, and fermenting, ready to pour tradition into tomorrow’s tech is SolJu ($SOLJU). This token, ...
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Despite several key events taking place in the crypto space, including SEC green lighting spot Ethereum ETFs and PayPal USD expanding to the Solana blockchain, Cardano (ADA) and Shiba Inu (SHIB) market sentiment hasn’t been entirely euphoric. The two altcoins have nosedived along with the wider crypto market. Meanwhile, ICOs are quickly becoming go-to investments. At the forefront is Rebel Satoshi Arcade (RECQ), a new GameFi memecoin. Initial coin offerings not only offer a safe haven against market shocks; they are also among the most promising investments. But is Rebel Satoshi Arcade one? Gi...
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Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%. Riot now owns over 59 million Bitfarms sharesRiot Platforms loaded up on 1.43 million shares of Bitfarms on Thursday. In total, it now owns 59.2 million shares of BITF. RIOT also reiterated plans of calling a special meeting of those invested in Bitfarms on Friday where it intends to nominate several independent directors to the crypto miner’s board. The Nasdaq-listed firm has “serious concerns regarding the Board’s track record of poor corporate g...
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American software technology firm MicroStrategy has announced the pricing of a new $700 million debt offering due in 2032. The company plans to use the proceeds from this offering to purchase more Bitcoin, continuing its aggressive strategy to add the cryptocurrency to its corporate treasury. Details of the debt offeringAccording to an official press release, the notes will be sold in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The offering, initially announced at $500 million, has been upsized to $700 million. MicroStrategy plans to use ...
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A fraudulent cryptocurrency exchange has duped a trader out of $310,000. The Washington State Department of Financial Institutions (DFI) Securities Division has issued an alert in this regard. According to the June 13 warning, the victim was approached via LinkedIn. A random connection request introduced the victim to the dubious crypto trading platform called “Ethfinance.” Random connection request leads to lossesUpon learning about the platform, the investor, whose identity remains undisclosed, transferred $310,000 from his “DeFi wallet.” The idea was to make some lucrative gains from the in...
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Zapper, a DeFi aggregator and portfolio manager, has announced plans for a new token that will power the Zapper Protocol ecosystem. This will be an open protocol that incentivizes the interpretation and contextualization of on-chain information. ZAP token will launch in Q4, 2024, the Zapper team noted in an announcement. Zapper ProtocolZapper is a top DeFi and NFT tracker platform in the Ethereum ecosystem, and the project envisions bringing more to the community through on-chain literacy. “By making Ethereum readable, we’re revealing to everyone what it truly is. Ethereum is a social network,...
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An Indian high court has ruled that dealing in cryptocurrencies is not illegal. The ruling came in relation to a case involving a crypto Ponzi scheme. Per a local report, Justice Sasikanta Mishra of the Orissa High Court has asserted that cryptocurrency is not considered money under Indian law. A suspected Ponzi SchemeThe ruling pertains to a case involving two individuals suspected of operating a Ponzi scheme. The scheme revolved around a bogus cryptocurrency dubbed the Yes World Token. Targeting private individuals, the scam promised investors lucrative returns on investments. Like any Ponzi...
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Injective (INJ) price has erased almost all the gains it had made in the last two days after dropping below $29. Interestingly, the drop, which break a month-long rally, comes amidst a positive development for the Injective ecosystem after Bitoro, decentralized perpetual futures trading protocol, announced its deployment on Injective. Bitoro launches on Injective ProtocolBitoro today announced it was launching to Injective protocol adding to the number of blockchain networks where the perpetual futures trading protocol is currently available. Besides Injective, Bitoro will also available on Av...
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Curve DAO’s native token, CRV, earlier today experienced a tumultuous period marked by significant liquidations and a steep price drop. This crisis resulted from a test of Curve Finance’s soft liquidation mechanism and was exacerbated by the extra large positions held by Michael Egorov, the founder of Curve Finance, resulting in a $10M bad debt. However, recent developments, including Egorov’s repayment of a substantial portion of the debt and strategic measures to stabilize the token, have led to a slight recovery of the CRV price. What we know so far about the Curve Finance liquidation crisi...
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Cryptocurrency prices dived sharply this week after the Federal Reserve delivered a more hawkish statement than expected. Bitcoin dived to $66,000 while the total market cap of all coins plunged by over 5% to $2.43 trillion. This article provides a prediction for the Solciety (SLCTY), Binance Coin (BNB), and Toncoin. Binance Coin price forecastThe Binance Coin made headlines last week when it surged to a record high, solidifying Chang Peng’s state as the richest prisoner in the world. The BNB token has now suffered a harsh reversal, moving from this year’s high of $724.6 to a low of $600. It h...
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