Author: Crypto News
Last updated: May 17, 2024 16:33 EDT | 2 min read Hong Kong became the first region outside mainland China to allow users to open digital wallets and hold China’s CBDC e-CNY, otherwise known as the digital yuan on Friday.The Hong Kong Monetary Authority (HKMA), the city’s central bank, announced that permanent residents and foreign nationals living in Hong Kong can now open e-CNY wallets using their local mobile phone numbers with four major mainland Chinese state-owned banks.HK Residents and Expats Can Now Open e-CNY WalletsThe accredited banks licensed to facilitate the CBDC wallet opening are the Bank of China,…
Last updated: May 17, 2024 14:08 EDT | 4 min read Institutional interest in digital assets is gaining traction. As of the end of Q1, more than 900 institutions based in the United States had disclosed spot Bitcoin exchange-traded fund (ETF) shareholdings exceeding $100 million, equating to $10.7 billion combined.In addition, leading asset management firms, including BlackRock and Franklin Templeton, have launched tokenized treasury funds. Recent data indicates that more than $1 billion in treasury notes has been tokenized on public blockchain networks.A bi-annual survey conducted by KPMG in Canada further found that institutional investors located in the region greatly increased…
Last updated: May 17, 2024 14:07 EDT | 2 min read In the latest Solana meme coin skyrocket, ETF token (ETF) has exploded +207% in just 24 hours amid a flurry of interest around crypto ETFs.This article will provide an analysis of ETF’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity in the Solana meme coin market at this time. We are launching soon🚀$ETF is a upcoming meme coin built on #Solana First 2,500 Address 1,000,000 $ETF Follow 🔔, like, RT (Drop your $SOL wallet) Snapshots 24 hours…
Last updated: May 17, 2024 13:41 EDT | 2 min read Tigran Gambaryan, the Binance executive detained in Nigeria, was denied bail on his 40th birthday, according to a court hearing in Abuja on Friday.According to Nigerian media outlet Punch News, Judge Emeka Nwite ordered the crypto exchange’s Head of Compliance to stay in prison, citing his potential to jump bail if granted.Nigerian Binance Executive Tigran Gambaryan Denied Bail, Wife Speaks OutGambaryan was originally detained alongside Binance’s Regional Manager for Africa, Nadeem Anjarwalla, in late February before being charged with money laundering and tax evasion.Anjarwalla later fled on foot and…
In the DeFi space, Retik Finance (RETIK) has emerged as a beacon of innovation and potential. With its upcoming launch scheduled for May 21st, 2024, at an initial price of $0.15, Retik Finance is poised to revolutionize the decentralized finance (DeFi) sector. This comprehensive analysis will explore the factors driving Retik Finance’s growth and why some experts predict it could reach $3 by December 2024.Understanding Retik Finance (RETIK)Retik Finance (RETIK) is not just another cryptocurrency; it represents a paradigm shift in how we think about finance. At its core, Retik Finance aims to bridge the gap between traditional finance and…
Last updated: May 17, 2024 13:02 EDT | 2 min read A presale for Solana’s all-American hillbilly $SEAL token has attracted over $1.4 million in just three weeks as it leads a new wave of Solana meme coins that has caught the attention of investors worldwide.Sealana’s predecessors, meme coins coins like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT), all rose to become top ten meme coins by market capitalization within a year of launch.Another recent viral Solana meme coin ICO – Slothana ($SLOTH) the 420-friendly sloth – raised an eye-watering $15 million in a recent one-month presale.Now…
MAGA VP is a politifi meme coin that is gaining traction faster than expected. Its token value has taken off, listed at $0.608 at the time of writing this article. That is up by 28% in the last 24 hours. Dips bought earlier this month have certainly paid off, almost like they did in April when MVP marked an uptick of 300%. Market cap has more attention from the community, for it is now above $25 million, almost around $28.8 million right now.That has set a tone of optimism among holders, further attracting new traders and investors because the surge…
Last updated: May 17, 2024 12:51 EDT | 3 min read LUNC has declined by 1% in the past 24 hours, with the Terra Luna Classic price dropping $0.000108 as the wider crypto market gains by a very slight 0.5% today.The altcoin is now up by 1% in a week and by 6.5% in a month, while it sits on a fairly unspectacular 16% gain in a year.While the latter percentage is underwhelming relative to bigger tokens, the coin’s moves today come as Binance burns just over 1 billion LUNC, bringing the exchange’s burn total to 59 billion.This brings the total…
Last updated: May 17, 2024 12:45 EDT | 2 min read Fantom ($FTM) has outperformed all other Layer 1 tokens this week and risen 10% amidst a flurry of recent activity on the network, with FTM trading at $0.80 at the time of writing.cCrypto’s two biggest coins, also Layer 1 coins, couldn’t keep the pace over the seven days.Bitcoin ($BTC) grew 5% over the week to trade at $66,234 while Ethereum (ETH remains virtually unchanged at around $3,020.The main reason investors are piling into Fantom right now is anticipation for the network’s new Sonic upgrade. Sonic will boost the network’s…
Last updated: May 17, 2024 11:32 EDT | 2 min read Pepe Price Prediction as PEPE Drops 12% From Recent Peak – Time to Buy the Dip? / Source: Cryptonews The Pepe (PEPE) price has been pulling lower since hitting fresh record highs earlier this week. Traders are wondering whether now might be the time to buy the recent dip, as PEPE has dropped 12% from its peak.Pepe spiked up to new record highs above $0.000011 earlier this week following GameStop icon Roaring Kitty’s abrupt return.The legendary retail investor was a leading figure in the 2021 meme stock rally.And his…