Crypto analyst Cryptorphic has predicted that Bitcoin could rise as high as $156,000 in this market cycle. The analyst alluded to historical trends to prove why the flagship crypto could easily attain such a price target. Bitcoin To Hit $156,000 By May 2025 Cryptorphic mentioned in an X (formerly Twitter) post that “Bitcoin could hit […]
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.
Small-scale farmers lack the essential tools to address significant challenges in avocado production. Here’s how blockchain and AI can help them.
Elon Musk and Donald Trump discuss crypto policy, signaling Musk's potential advisory role and Trump's campaign outreach to crypto voters.
The post Musk rejects allegations of advising Trump on crypto appeared first on Crypto Briefing.
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange.
The celebrity token frenzy seems to be the hottest topic of the week. The newly launched memecoins have been criticized by crypto community members as the tokens have been launched with massive controversy. After a week or so of pumping and dumping, the US Securities and Exchange Commission (SEC) issued an Investor Alert. However, the SEC’s warning didn’t stop more musicians from joining the crypto festival of Q2. Related Reading: ‘Solana Is For Baddies’: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy SEC Warns About Celebrity Memecoins On Wednesday, the US SEC released an Investor Alert targeting memecoins. In the warning, the Commission alerted users about pump-and-dump and pre-sale schemes involving meme-based tokens. The SEC explained that “fraudsters may create a memecoin and then tout it on social media.” After pumping the price and selling to make a profit, investors see most of their money gone as the price rapidly decreases. The celebrity memecoins launch frenzy became a trend this past week. As a result, many mainstream media figures, influencers, musicians, and athletes have shown “interest” in the crypto space. In most cases, these celebrities start engaging with the crypto community right before promoting their soon-to-be-launched memecoins. Nonetheless, the recent trend has been particularly controversial since these figures have, for the most part, worked with an alleged serial scammer. Recently, celebrities and community members accused a man named Sahil Arora of allegedly orchestrating several pump-and-dump scams. Arora seemingly scammed investors and partners in every memecoin launch he’s been involved with. Australian rapper Iggy Azalea launched MOTHER two days ago and claimed to have created the token to stop Arora from using her image on his scams. Moreover, Rich the Kid and Caitlyn Jenner have come out stating that the alleged scammer lied to them. Now, more musicians have joined the crypto festival of memecoins while being accused of dumping their fans. More Musical Acts To Headline Memecoinchella On Wednesday, crypto sleuth ZachXBT accused famous rapper Lil Pump of participating in a pump-and-dump scam. According to the internet investigator, the rapper shared and quickly deleted a post promoting his memecoin after the token was dumped. The post stated “lil or big pump” and tagged one of Arora’s accounts. Lil Pump answered the allegations, claiming to never have made a token and accusing Arora of scamming him and his fans. Moreover, he seemingly sent “proof” to the crypto detective to prove his innocence. In the early hours of Thursday, the rapper claimed to have taken control of his accounts and the memecoin. Moreover, he distanced himself from the alleged serial scammer. However, ZachXBT shared some screenshots of a conversation between Lil Pump’s team and the person managing the memecoin launch. According to the images, Pump’s team was not aware of Arora’s track record, but as the investigator explained, he “still got partially paid for the scam.” Additionally, his team hid the paid promo tag, which is an X requirement. ZachXBT pointed out that the rapper also did the same in 2022. Throughout the night, the internet sleuth listed several other artists who joined the crypto scam headlines. The list includes American rapper MoneyBagg Yo, Trippie Redd, and Davido. Giving A Platform To Scammers American-Nigerian singer and producer Davido was, alongside Lil Pump, the biggest topic on Wednesday night. The singer promoted his Davido token alongside figures inside the crypto space. Crypto trader Ansem held an X Space session with the music producer to discuss his project. According to online reports, the singer dumped over half of his DAVIDO holdings while on the X session. Lookonchain revealed that Davido made over 2,783 SOL, worth around 473,000, after selling 121.8 million DAVIDO tokens. Per the post, the singer received 7.5 SOL as start-up capital, which he used to buy 20.3% of the memecoin’s total supply. Related Reading: Keeping Up With The Memecoins: Caitlyn Jenner’s New Token Surges 50,000% Amid Controversy The community wasn’t pleased with the crypto trader’s involvement in the incident. As a result, an important discussion was brought up by several community members. Many pointed out that platforming individuals, celebrity or not, who seemingly have no real interest in the space is predatory and dangerous. As pointed out by ZachXBT, “leading the spaces provides credibility to them” and gives “celebs the platform to do this to people repeatedly.” Featured Image from Unsplash.com, Chart from TradingView.com
ChatGPT Plus and Free are now equally capable. Does it make any sense for you to keep a paid subscription?
Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.
Babylon, the Bitcoin staking protocol, has successfully closed a $70 million funding round led by Paradigm, with significant contributions from Bullish Capital and Polychain Capital. This pre-launch funding aims to support team growth, research, and development ahead of Babylon’s mainnet launch. The funds will be used to advance Babylon’s scalable staking and restaking features, unlocking […]
The post Babylon secures $70 million to turn Bitcoin into PoS security backbone appeared first on CryptoSlate.
The development team behind Shiba Inu (SHIB) has implemented a major upgrade to the Shibarium network, slashing the bridging time for tokens to Ethereum from a lengthy seven days to just approximately 45 minutes. This significant reduction in transfer time represents a pivotal shift towards optimizing operational efficiency and enhancing user experience. Shiba Inu’s Shibarium […]
Franklin Templeton's CEO Jenny Johnson warns of the US losing crypto leadership due to restrictive regulations, praises proactive nations.
The post Franklin Templeton CEO warns US risks losing crypto leadership to other nations appeared first on Crypto Briefing.
Chainlink and Circle partner to advance DeFi by integrating stablecoin technology with decentralized oracle services for developers.
The post Chainlink and Circle team up to boost DeFi usability and cross-chain USDC appeared first on Crypto Briefing.
President Joe Biden’s re-election campaign has reportedly initiated a significant outreach to the crypto industry, according to a new report from The Block. Marking a notable shift from his previous stance, this engagement, which reportedly began approximately two weeks ago, involves seeking guidance from key figures in the crypto sector on community and policy matters. […]
The post Biden campaign reportedly seeking help from crypto industry to rebuild new policy appeared first on CryptoSlate.
The post DigiByte Price Prediction 2024, 2025, 2030: Will DGB Price Surge 2X? appeared first on Coinpedia Fintech News
Story Highlights The live price of the DigiByte crypto is . DGB coin price may reach a high of $0.0145 by the end of 2024. DigiByte, with a potential surge, could reach a maximum of $0.216 by the end of 2030. Plenty of start-ups have been mushrooming over the years in the ever-evolving crypto world. …
Crypto voters have become a new battleground for the 2024 presidential election, in a bipartisan shift that has taken Washington by surprise.
The memecoin whale made an over 52% return on its initial investment within a month, despite Pepe's price falling over 17% from its all-time high.
The startup behind the collapsed LUNA and TerraUSD coins is settling with the SEC over fraud charges, a court filing revealed Thursday.
Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.
The recent legal showdown between the US Securities and Exchange Commission and Digital Licensing Inc., operating as Debt Box, has taken a surprising turn in favor of the latter. Chief Judge Robert J. Shelby of the US District Court for the District of Utah junked the SEC’s civil suit against Debt Box on May 28, […]
American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in the world. BlackRock Overtakes Grayscale BlackRock iShares Bitcoin Trust has recently become the world’s largest Bitcoin fund, overtaking its primary rival, Grayscale Bitcoin Trust (GBTC). Related Reading: Shiba Inu Open Interest Explodes 85% Amid 15% Price Jump, Why This Is Important As of Tuesday, May 28, BlackRock’s Spot Bitcoin ETF held around $19.68 billion in Assets Under Management (AUM), overthrowing Grayscale’s Bitcoin ETF with $19.65 billion and surpassing the third largest, Fidelity Investments, which recorded $11.1 billion in AUM. Over the past two days, BlackRock has recorded more inflows, pushing its AUM to more than $20 billion presently. Following the launch of its Spot Bitcoin ETF on January 11, Grayscale has consistently recorded massive outflows worth billions of dollars. For years, the asset management company was the world’s largest Bitcoin fund, reaching a peak of about $44 billion in 2021. However, since its conversion into an ETF at the beginning of 2024, investors have pulled out almost $18 billion from Grayscale’s Bitcoin fund. On May 3, GBTC recorded its first inflow, receiving approximately $63 million, and effectively ending its 82-day streak of outflows. Its previous outflows had already significantly weakened Grayscale’s position as the largest Bitcoin ETF. In contrast, BlackRock’s Spot Bitcoin ETF has been recording millions of inflows since its launch, making it unsurprising that IBIT has eventually surpassed Grayscale’s GBTC. BlackRock has only recorded a handful of outflows and minimal zero flows. Its highest recorded inflow occurred on March 12, with IBIT gathering approximately $849 million in a single day. Additionally, BlackRock’s Spot Bitcoin ETF witnessed its first outflow on May 1, losing about $36.9 million. On the same day, Grayscale had reported outflows of more than $167 million. Investors are likely favoring BlackRock’s Spot Bitcoin ETF due to its relatively affordable ETF management fees, which decreased from 0.30% to 0.25%. On the other hand, Grayscale has the highest ETF management fees among all the 11 approved United States Spot Bitcoin ETFs. While the asset management company has promised to slash fees, Grayscale’s Bitcoin Trust’s current ETF management fees remain as high as 1.5% annually. Still Leading Spot Bitcoin ETF Net Inflows According to Farside data, for the past week, BlackRock has been leading the Spot Bitcoin ETF race, recording the most inflows out of the 11 Spot Bitcoin ETFs. Related Reading: Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin Excluding May 27, when all United States Spot Bitcoin ETFs saw zero flows, BlackRock recorded a total of $127.1 million for the first two days. BlackRock’s Bitcoin Trust saw $102.5 million in inflows on Wednesday, while Grayscale’s Spot Bitcoin ETF witnessed outflows of $105.2 million. Currently, Grayscale is still recording more outflows, losing $31.1 million as of writing. Featured image created with Dall.E, chart from Tradingview.com
A lot has changed since Bitcoin's release 15 years ago. Many other distributed database networks have been created, each with its own functionality and potential use cases.
AO, a new protocol built on Arweave’s permanent data storage layer, will launch on June 13, according to a statement released on May 30. Arweave co-founder Sam Williams described the project as “Bitcoin, but a supercomputer on Arweave.” Tokenomics AO will have a token that trades under the ticker AO. The project will have a […]
The post AO ‘supercomputer on Arweave’ blockchain fair launch set for June 13 appeared first on CryptoSlate.
Bitcoin chews through overhead resistance on the back of U.S. GDP and jobless claims data, with risk assets benefiting across the board.
A $25 million donation from Andreessen Horowitz (a16z) hit the campaign coffers of the industry's U.S. political action committee (PAC), according to a Thursday announcement from the firm, putting the amount raised by some of crypto's biggest names at about $136 million and potentially elevating the sector to the upper echelon of campaign donors.
Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC, discusses Ethereum’s roadmap and the importance of Vitalik Buterin's continued involvement.
Quick Take Since the collapse of FTX in November 2022, only eight digital asset tokens have broken their previous all-time highs (ATH) against Bitcoin (BTC). This data, shared by the anonymous X profile Huma Capital, highlights a significant trend in the digital asset market. Huma capital data shows that the first of these tokens to […]
The post Bitcoin benchmark: Only eight digital asset tokens hit ATHs in BTC post-FTX collapse appeared first on CryptoSlate.
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday.
Renowned Chief economist and Bitcoin skeptic, Peter Schiff is making headlines again with his latest controversial statement mocking BTC. In an X (formerly Twitter) post laden with sarcasm, Schiff suggested a radical scenario where everyone becomes rich after companies in the United States sell off their entire assets to invest in BTC. Schiff Says Sell […]
The post Bitfinex Analyst Says EU Elections Could Be Make-or-Break Moment for Crypto Here’s Why appeared first on Coinpedia Fintech News
As the European Union (EU) prepares for parliamentary elections next week, the cryptocurrency sector braces for potential regulatory shifts that could significantly impact its future trajectory. According to Bitfinex’s Head of Derivatives, Jag Kooner, the outcome of these elections could either lead to stricter controls or accelerate supportive regulations, depending on the political landscape. Election …
Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.