Author: Crypto News

Last updated: May 29, 2024 17:12 EDT | 2 min read ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years.In an X thread, Cathie Wood praised El Salvador’s transitions into an “oasis” for Bitcoin and AI adoption under Nayib Bukele’s presidency.“President Bukele’s determination to turn El Salvador into an oasis for the bitcoin and AI communities – two of the biggest economic and technology revolutions in history – is the reason I believe that its real GDP could scale 10-fold during the next five years,” she…

Last updated: May 29, 2024 16:47 EDT | 2 min read The Texas State Securities Board greatly damaged a fraudulent Arkbit cryptocurrency cloud mining operation on with a May 28 cease and desist order against Arkbit Capital for engaging in deceptive practices to perpetrate an alleged investment fraud.The order revealed that the Texas State Securities Board, led by Financial Examiner Alexis Cantrell, uncovered Arkbit’s false claims of operating data centers in Arkansas for cloud mining various cryptocurrencies.Arkibt Alleged of Fraudulent Cloud Mining SchemeArkbit falsely promised investors daily returns of 1.6% to 2.8% for 120 days on crypto deposits ranging from…

Last updated: May 29, 2024 16:16 EDT | 2 min read The Bank of Israel (BoI) is speeding up efforts to develop its central bank digital currency (CBDC), dubbed the “digital shekel.” In a recent update on May 28, the bank revealed plans for the CBDC’s payment use case through the ‘Digital Shekel Challenge’ experiment, a key part of its action plan for the potential issuance of the CBDC.The central bank stated in a press release that it plans to launch the “Digital Shekel Challenge,” an experiment inspired by Project Rosalind, a joint initiative between the Bank for International Settlements…

Last updated: May 29, 2024 14:56 EDT | 2 min read Iggy Azalea’s MOTHER token is facing claims of insider activity following the debut of alleged scammer Sahil Arora’s IGGY cryptocurrency, DeFi supply auditing company Bubblemaps revealed on May 29.According to Bubblemaps, insiders reportedly bought 20% of MOTHER’s supply before its launch on Wednesday, ultimately dumping $2 million worth of the token.Iggy Azalea’s MOTHER Token Accused Of Insider ActivityOne wallet labeled as JEEt3D1 allegedly purchased 109T, an estimated 10% of the coin’s supply. Bubblemaps claims JEEt3d1 has since been split into seven different wallets and has sold 89T of MOTHER.…

Last updated: May 29, 2024 13:58 EDT | 2 min read Leading the charge among Solana ($SOL) meme coins is Sealana ($SEAL), which recently surpassed the $3 million mark in its presale.Sealana is based on a South Park character, known as the “World of Warcraft guy” and recognized for being messy and obese, with a love for junk food.Originally starting life as a Solana-only coin, Sealana has expanded its reach by becoming multichain. There is now a BNB Chain version of the coin, which can also be purchased on the Ethereum network, thereby widening its appeal across crypto communities.Regardless of…

Last updated: May 29, 2024 12:56 EDT | 4 min read Crypto’s savviest presale magpies are snapping up crypto’s greatest multichain good boy Cosmo, aka Dogeverse ($DOGEVERSE) ahead of the conclusion of his presale on June 3, 10AM UTC.$DOGEVERSE has already taken in well over $15 million towards its $17 million presale target.Crypto’s latest Shiba Inu-inspired meme coin has pricked the ears of meme fans, degens, DeFi heads and general crypto evangelists alike, who see the token’s hyper-jumping cross-chain capabilities as a hint of tomorrow’s meme coin utility.Currently on sale at $0.00031, this is $DOGEVERSE’s last fixed price before launch.…

Last updated: May 29, 2024 12:31 EDT | 2 min read Bitcoin’s relevance is increasing ahead of the 2024 U.S. Presidential election as Joe Biden and Donald Trump are expected to face off once more for the White House, according to a Tuesday survey by Grayscale.According to Grayscale’s survey, Bitcoin’s spotlight is growing partly due to geopolitical tensions, U.S. dollar risks, and inflation. 47% of voters utilize crypto in their investment portfolios.Grayscale Survey Shows Bitcoin Of Increasing Importance To VotersRegulatory developments in the crypto industry also seem to be affecting voter perception, with nearly one in three claiming spot Bitcoin…

Last updated: May 29, 2024 11:18 EDT | 3 min read The PEPE token has experienced a 3.86% decline over the past 24 hours, bringing its price down to $0.00001509, amidst a broader retracement in the crypto market.Despite this short-term pullback, PEPE has posted a weekly gain of 26.30%, extending its impressive monthly rise of 126.30%.Over the past year, PEPE has yielded a remarkable return of 1,135.41%, outperforming major cryptocurrencies like BTC, ETH, and SOL.This robust performance indicates strong and widespread investor interest in PEPE.Additionally, PEPE’s 24-hour trading volume has surged to $2.50 billion, surpassing DogWifHat’s $821 million, signaling potential…

Last updated: May 29, 2024 09:10 EDT | 1 min read API3, a service that provides DeFi data feeds to blockchain-based smart contracts without relying on a third party, has raised $4 million in a funding round led by DWF Labs.Market maker and multi-stage Web3 investment firm DWF Labs led the funding round and contributed $2 million. Other funding came from Spartan Group which contributed $1 million. Laser Digital, a digital asset business backed by Nomura, and Caladan formerly known as AlphaLab both contributed $500,000 each.The funding raised will be used to provide API3 with liquidity to help execute its…

Last updated: May 29, 2024 08:49 EDT | 3 min read DOGE has edged up by a very slight 0.2% in the past 24 hours, with the Dogecoin price moving to $0.1652 as the crypto market as a whole gains by 0.5% today.The meme coin is actually down by 1.5% in a week, yet its recent good fortunes mean that it sits on a 10% increase in a fortnight and a 17% gain in a month.Such performance keeps Dogecoin in ninth position in the market cap rankings, with the token one step away from overtaking XRP, which has suffered in…