Several cryptocurrency traders said that along with the rise in GameStop (GME) stock price due to the overall market slump, the price of the unofficial GameStop memecoin also surged.“People are bored and are showing little signs of hope that they can,” Daan Crypto Trades, an anonymous cryptocurrency trader, told Cointelegraph.“The excitement generated around the GameStop memecoin shows there is unallocated capital out there,” Ed Hindi, chief investment officer at Tyr Capital, told Cointelegraph.GameStop (GME), a Solana-based memecoin with no connection to the official company, is up 2,727% over the past two days, with Gamestop’s stock also up 204.50% over the…
Author: Crypto Flexs
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This partnership is a promising development for both Tether and RAK DAO. By combining their expertise and resources, they aim to help local individuals and businesses harness the power of blockchain technology. Tether Operations Limited announced that it has signed a Memorandum of Understanding (MOU) with RAK Digital Assets Oasis (RAK DAO). As a result of this transaction, the two companies aim to strengthen the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate of the United Arab Emirates. Increasing Cryptocurrency Adoption in RAK According to the announcement, Tether will work with RAK DAO to…
The Wisconsin State Investment Board (SWIB) made a significant move in the cryptocurrency market by purchasing $99 million worth of the iShares Bitcoin Trust (IBIT), a BlackRock Bitcoin ETF. The acquisition, disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC), highlights the growing trend of institutional investment in Bitcoin exchange-traded funds (ETFs). Wisconsin’s Strategic Move Financial markets have been buzzing since the spot Bitcoin ETF was approved in January. These investment vehicles quickly gained traction among institutional investors. For example, prominent financial institutions such as Wells Fargo and JPMorgan have already disclosed their Bitcoin ETF holdings.…
Conservatism, not in a political sense, but in the literal sense, has always been a core part of the Bitcoin ecosystem. Satoshi himself was very careful and thorough in his attempts at original design, and the subsequent developers were very careful and thorough in the development process after his departure. Numerous technologies were originally developed for Bitcoin and eventually tested on other networks with this care. Confidential transactions, one of Monero’s core technologies? Created by Gregory Maxwell for Bitcoin. It was never implemented because of its large inefficiency in terms of data size and because it fundamentally changed the encryption…
Immutable Games’ flagship title, the mobile-based fantasy RPG Guild of Guardians, is finally releasing globally on both Apple and Android devices, the developer has announced.To celebrate the launch and drive engagement, Immutable Games is also offering prizes worth up to $1 million in the game’s GOG tokens, the company said. According to a statement, ‘Guild of Guardians’, which has been attracting attention since 2022, has over 1 million pre-registered users.”We’re thrilled to finally bring ‘Guild of Guardians’ to millions of players around the world. This release is the culmination of years of development and community building,” Justin Hulog, Chief Studio…
Salim Ramji has been appointed as Vanguard’s new CEO, sparking discussion about the company’s cryptocurrency policy based on his previous Bitcoin ETF experience at BlackRock. The post Vanguard plans to name former BlackRock ETF head as next CEO: WSJ appeared first on Crypto Briefing.
Binance Futures Trading Ends Support for XRP and TUSDIn a recent announcement, Binance Futures, part of the Binance exchange, declared that it would discontinue support for two cryptocurrencies, XRP and TUSD, as margin assets in multi-asset mode. This change will take effect from 06:00 on May 28, 2024 (UTC).XRP and TUSD transfer limits in multi-asset mode have already been updated to 0 from 06:00 (UTC) on May 14, 2024.Balance conversionAny XRP and TUSD balances remaining in your USDⓈ-M futures wallet after the aforementioned time and date will automatically be converted to USDT within approximately 24…
As of early May, more than $107 million had been linked to Solana across multiple blockchains. The figure shows the scope of cross-chain transfers. Cross-chain transfers facilitated by Wormhole and deBridge Finance. Known for its high throughput capabilities, Solana has recently become a center of significant financial activity. In the first two weeks of May, more than $107 million was moved to Solana from various chains, including Ethereum. This movement is made possible through connectivity technologies such as Wormhole and deBridge Finance, which play a pivotal role in facilitating these transfers. However, the picture shows only one part of the…
Bitcoin was the first digital currency to achieve a transfer of value without the intervention of a central authority, which would otherwise have resulted in twice the cost. Bitcoin’s much-coveted blockchain technology, which underlies its transaction mechanism, makes this a possible phenomenon. These prominent Bitcoins could potentially disrupt the financial system and revolutionize global markets and regulatory issues. As the gig economy permeates the Bitcoin landscape, the question has been raised: “Can Bitcoin transform the future of work in the gig economy?” Surfaces with great expectations. Take a closer look at this article and you will get the answer to…
Bitcoin continues to see sideways price action as bears sell off the rally while bulls defend the psychological support of $60,000. A sideways move near a high is generally a positive sign because it shows that bulls are in no rush for an exit. However, if the price falls below the support line, it indicates a range distribution, so confirmation will only occur after the price breaks the resistance line. Due to uncertainty about the next direction of movement, spot Bitcoin exchange-traded funds are showing a muted response. Market research firm Santiment told X: post That fear and indecision has…