SOL hit $170 on Friday, its highest price in more than a month, before recently falling slightly to $166. It is up nearly 7% in the last 24 hours and is now more than 40% above the cryptocurrency market lows from early May, while BTC has fallen to $56,000.
Author: Crypto Flexs
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Genesis, the bankrupt cryptocurrency lender that collapsed due to the Terra/luna ecosystem failure and the failure of Three Arrows Capital, had its bankruptcy plan approved by a U.S. court yesterday, and a judge ruled that Genesis owner digital currency The group’s (DCG) objection was dismissed. U.S. Bankruptcy Judge Sean Lane ruled in favor of the plan to return about $3 billion in cash and assets to creditors, ignoring complaints from DCG, Genesis Crypto Creditors Ad Hoc Group and the U.S. Trustee. DCG argued that the claims should be assessed in U.S. dollars when the company filed for bankruptcy in January…
Cryptocurrency appraiser Ali Martinez examines sell signals for PEPE at TD Sequential. GameStop’s resurgent stock helped PEPE hit a new all-time high on May 14, 2024. PEPE’s stardom in the derivatives sector is waning, with trading volumes falling more than 40% each day. Amid this month’s cryptocurrency rollercoaster, the frog-themed Pepe Coin (PEPE) emerged victorious, gaining 92% over the past 30 days. PEPE hit a new all-time high of $0.00001151 on May 14, retracing more than 13% of this price milestone. However, experienced cryptocurrency analyst Ali Martinez believes that PEPE’s backtracking is not over yet.Veteran cryptocurrency trader posted sophisticated technical…
index The dynamic cryptocurrency market regularly presents us with new opportunities. In 2024, certain cryptocurrencies stand out for their potential to generate significant returns. The cryptocurrency market offers several alternative investment opportunities for Bitcoin. PawFury, Ripple, and VeChain are three coins that are attracting investor attention due to their unique features and promising growth potential. Exploring cryptocurrencies with high potentialAs the cryptocurrency market matures, investors are looking for coins that can deliver significant growth beyond the traditional Bitcoin space. In addition to Bitcoin, Ethereum, and Solana, several altcoins are attracting attention for their innovation and strong community support. PawFury ($PAW),…
Crypto celebrity Thomas John Sfraga has pleaded guilty to wire fraud for allegedly defrauding more than a dozen victims into investing in non-existent ventures, including a cryptocurrency fraud scheme.“Sfraga persuaded victims to invest in fictitious cryptocurrency “virtual wallets,” the U.S. Department of Justice (DOJ) said in a May 17 statement. The agency also explained that Sfraga has experience in the podcasting and cryptocurrency industries, including serving as a host for cryptocurrency events in New York.The Ministry of Justice added, “He promised the victims that he would increase the return on their investments by up to 60% within three months.” However,…
APAC leads the way in instant payments innovation.Asia Pacific is leading the adoption and implementation of instant payments thanks to innovative technologies, widespread smartphone accessibility, and favorable regulations. This positions the region as a global pioneer in instant payments and provides easy access to real-time payments. This success is expected to further flourish as adoption of new fintech models increases, as the majority of highly profitable digital-only banks are based in the region.The Asia Pacific region is home to 10 of the 13 most profitable digital-only banks in the world. The region’s enthusiasm for experimenting…
With JOJO DEX, transaction volume on the underlying blockchain has skyrocketed, gaining significant share and demonstrating user engagement in the ecosystem. The Post Base Reports 212% Increase in Perpetual Trading Volume appeared first on Crypto Briefing.
What has caught my attention the most over the past two weeks is Multicoin. capital’s Rare bitcoin BTC +0.072% transaction.In the first edition of this newsletter I discussed The Bitcoin ecosystem is one of four. big catch the trend VC Pay attention this year. In particular, Bitcoin’s current appeal was compelling enough for Multicoin Capital to take an unusual route last week. head An initial funding round of $7 million for a Bitcoin-based application platform called Arch Network. Multicoin Capital recently also invested On the Bitcoin Scaling Network mezos $21 million funding round. Historically, the company I was particularly active…
San Francisco-based cryptocurrency exchange Kraken is reportedly considering whether to withdraw support for the stablecoin USDT in the European Union (EU). Bloomberg reported that Kraken is “actively considering” European support for a Tether-issued stablecoin. A European digital asset trade association and think tank has warned that the EU’s Markets for Crypto Assets Regulator (MiCA) could ban the largest stablecoin by trading volume. MiCA is an upcoming EU bill that will provide rules covering the supervision, consumer protection, and environmental protection of cryptocurrency assets. The law also includes measures to reduce financial crime, including market manipulation, money laundering and terrorist financing.…
Dogwifhat (WIF) price fell 11% on the day as the leading meme coin struggled. POPCAT tokens were also traded low, falling 20% in 24 hours. The whale abandoned both WIF tokens and POPCAT tokens at a loss. Dogwifhat ($WIF) and Popcat (POPCAT) are down double digits over the past 24 hours as the overall meme coin market experiences a significant sell-off. Dogwifhat fell 11% due to meme coin slip. WIF, one of the tokens fueling the rise of meme tokens on the Solana network, fell 11% in 24 hours on May 18. Dogwifhat prices have fallen 17% in the past…