Share: Binance CEO Changpeng Zhao has noted that Hong Kong's crypto rules will come into play the week starting May 28. The comment comes after Beijing released a web3 white paper to promote the industry's development. It also comes a week after … [Continue reading]
Shiba Inu price attempts recovery after billions of SHIB burned in the last week
Share: Shiba Inu price is attempting a recovery after almost 3 billion tokens were removed from circulation the past week. That many tokens account for almost 50% of what the SHIB army was able to send to dead-end wallets the week prior. SHIB could … [Continue reading]
Cardano TVL hits new all-time high three weeks to Hoskinson’s ADA decentralization target
Share: Cardano network is enjoying a watershed moment after hitting a new total value locked peak at $446 million. The TVL surge is a testament to the growing popularity and trust in the ecosystem as more protocols go live. Meanwhile, Charles … [Continue reading]
Solana Metaplex fees could push developers back to Ethereum
Share: Solana NFT protocol Metaplex introduced a controversial network fee in its “Token Metadata immutability plan. The move resulted in angry calls for forks and general discontent among its community. Accordingly, the network promptly toned down … [Continue reading]
Gemini files motion to dismiss SEC lawsuit as Genesis bankruptcy drags on
Share: Gemini claims that the "ill-concieved lawsuit" is making it harder to retrieve assets from Genesis bankruptcy. The motion to dismiss the lawsuit is based on the fact that the Earn program contract is not a security, per SEC's claims. Earlier … [Continue reading]
Litecoin price might be susceptible to a decline as LTC holders move to sell
Share: Litecoin price is currently observing high volatility, moving between $102 and $77. LTC long-term holders moved their supply to potentially sell their supply over the last two days after the 6% crash on May 24. The transaction was intended … [Continue reading]
Ethereum gets private on-chain voting tool courtesy of Andreessen Horowitz’s Cicada Library
Share: Andreessen Horowitz has unveiled a new product called Cicada for anonymous voting on Ethereum. The product keeps every vote accounted for throughout the poll. Cicada also makes the voter's identity unknowable when combined with … [Continue reading]
Yellen extends earliest potential US default date to June 5
Share: Reuters reported that the US Treasury Secretary Janet Yellen spoke on Friday and extended the deadline for raising the federal debt limit, saying the government could default on its debt as early as June 5 without increasing the … [Continue reading]
USD/CAD Price Analysis: Bears target a move to test 1.3570
Share: USD/CAD bulls run into a wall of resistance. USD/CAD bears are moving in with 1.3570 eyed. USD/CAD is on track to post a weekly gain as the recent rise in US bond yields helped underpin the greenback. However, a correction is … [Continue reading]
Gold Price Forecast: XAU/USD downside potential is probably exhausted for now – Commerzbank
Share: Gold price is under pressure amid dwindling rate cut expectations. Nonetheless, economists at Commerzbank see only limited further downside potential. Development of physical demand in Asia is hardly likely to influence prices “Hopes of any … [Continue reading]