Author: Crypto News

Last updated: May 22, 2024 19:30 EDT | 1 min read The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app.The Japanese media outlet CoinPost reported that the firm unveiled the service for Mercari users on May 21. Ethereum Nod for Japanese E-commerce Giant Mercari Mercari says it is Japan’s “biggest marketplace.” It operates a “flea market” platform in the same vein as firms like eBay.A man uses a smart courier machine to send a Mercari parcel. (Source: TBS News Dig Powered by JNN)In recent years, the firm…

Last updated: May 22, 2024 15:40 EDT | 1 min read Pepe Price Prediction as PEPE Pumps Up 30% and Hits a New All-Time High – 100x Possible? / Source: Cryptonews As the Pepe (PEPE) price continues to pump to new record highs, with PEPE up 30% in the past 7 days, investors are asking whether 100x gains for the meme coin might be possible.Pepe was last trading around $0.00001350, giving it a market cap of around $5.7 billion.100x gains would see Pepe reach a market cap of $570 billion.Almost all crypto experts would agree that, in the short-term anyway,…

Last updated: May 22, 2024 14:57 EDT | 2 min read LidoDAO Price Jumps 26% – Is It Too Late to Buy LDO? This Meme Coin Could Topple Shiba Inu / Source: Cryptonews The LidoDAO (LDO) price continues to trade sharply up since the start of the week as bets for Ethereum ecosystem growth flood in on expectations that the SEC is on the verge of approving spot Ethereum ETFs, with some asking if it is too late to buy LDO. BlackRock seals the deal for me They’ve only lost ONCE when trying to get an ETF approved The Ethereum…

Last updated: May 22, 2024 14:29 EDT | 3 min read Hong Kong police have arrested 100 individuals in a significant crackdown on fraud and money-laundering syndicates, recovering over HK$180 million (US$24.2 million) from 295 victims.In a two-week operation code-named “Widepeak,” which concluded on Monday, 75 men and 25 women were detained on suspicion of money laundering and obtaining property by deception. Cryptocurrency Scam Amongst Others Hong Kong police arrest 100 suspects linked to scams totalling HK$180 million in losses 🔗 https://t.co/nSTDkQomVO pic.twitter.com/3e9pZtIcqS — Hong Kong Free Press HKFP (@hkfp) May 22, 2024Chief Inspector Cheng Ki-fung of the Sham Shui Po…

Last updated: May 22, 2024 14:03 EDT | 1 min read President Joe Biden’s election campaign team is calling for financial aid to keep up with his Republican, competition, who he says is backed by the wealthy crypto industry.Biden Begs For Support To Fight CryptoIn a widely circulated screenshot on Wednesday, Biden’s campaign team appeared to have messaged followers warning them of the sheer size of donations being received by the Trump campaign.“Folks, this couldn’t be any more serious,” Biden’s message reads. “Cryptocurrency executives and oil barrons are coming out of the woodwork for Trump. They’re rushing $800,000 checks at…

Last updated: May 22, 2024 13:53 EDT | 5 min read Wednesday, 22 May 2024 – Learn-to-Earn token 99Bitcoins ($99BTC) has raised $1.5 million from contributors to its presale as interest in its pioneering protocol grows.99Bitcoins is one of the most well-known and earliest of the Bitcoin education sites and is a respected resource for all those who wish to find out more about bitcoin and crypto more broadly.There are just five days to go before the token presale price increases from $0.00106 to $0.00107, so there’s no time to lose to catch the lowest bid.As Bitcoin hovers around the…

Last updated: May 22, 2024 13:33 EDT | 2 min read President Joe Biden’s administration will oppose the passage of Financial Innovation and Technology for the 21st Century Act (FIT21) amidst its vote in the House of Representatives, a Wednesday statement from the White House claims.President Joe Biden To Oppose FIT21 Amid VoteThe White House statement says that FIT21 “lacks sufficient protections for consumers and investors who engage in certain digital asset transactions,” but stops short of vetoing the legislation altogether.“The Administration is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building…

Last updated: May 22, 2024 13:29 EDT | 2 min read The daily trading volume for Ethereum futures exchange-traded funds (ETFs) surged to an all-time high yesterday, fueled by increasing anticipation of potential spot approval from the U.S. Securities and Exchange Commission (SEC).On Tuesday, Ethereum futures ETFs recorded a trading volume of $47.75 million, a 40% increase from the previous peak of $34.18 million set on March 5, when Ether was nearing the $4,000 mark. This build-up followed a significant spike of $23.67 million on Monday.New Records From All CornersProShares’ Ether Strategy ETF (EETH) led the category, accounting for $43.14 million…

Last updated: May 22, 2024 12:06 EDT | 3 min read The price of DogWifMAGA Coin has fallen by 73% in the past 24 hours, with the new meme token correcting heavily after a big launch at the start of the week.Running on Solana, WIFMAGA had risen by as much as 50,000% in the day that followed its listing on Raydium, with the token trending on social media.Yet it has plunged significantly today, with the coin’s founders likely dumping their bags on the retail investors who’d jumped on its bandwagon.It may struggle to recover in any meaningful way, yet there…

Last updated: May 22, 2024 10:59 EDT | 2 min read United States Securities and Exchange Commission (SEC) Chair Gary Gensler released a statement Wednesday morning criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21) ahead of the crypto regulation’s expected vote in the House today.SEC Chair Gary Gensler Pushes Back On FIT21 Before House VoteIn a blog post published on the SEC’s website Wednesday, Gensler claimed the bill would in part “create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts,” ultimately “putting investors and capital markets at immeasurable risk.”In particular, the…