Author: Crypto News
Last updated: May 16, 2024 19:06 EDT | 1 min read Skybridge Capital co-founder Anthony Scarmucci believes new entrants to Bitcoin are still early, with institutional adoption of the asset only just ramping up.Anthony Scaramucci On Institutional Bitcoin InvestmentDuring an interview with CNBC on Thursday, the investor said that institutional adoption is “happening now,” and that he expects more pension funds to reveal soon that they have allocations to BTC.“Bitcoin now has the regulatory approval – that was the rate-limiting step for a lot of these large-scale institutions,” Scaramucci explained. “Just remember, if you’re not long Bitcoin, then you’re possibly…
Last updated: May 16, 2024 18:23 EDT | 3 min read Ethereum Price Prediction as Daily Trading Volume Surpasses $10 Billion – Are Whales Accumulating ETH? / Source: Cryptonews The Ethereum (ETH) price is under pressure on Thursday, having now fallen 3.3% on the back from above $3,040 to current levels around $2,930, amid high daily trading volumes of $13.5 billion, as per Yahoo Finance data.Ether has now all but erased Wednesday’s post US CPI gains, weighed as bearish sentiments creep back into the market.Following a recent death cross in the ETH/BTC pair, the Ether price is just hit new…
Last updated: May 16, 2024 17:01 EDT | 1 min read Tether Operations Limited, the largest entity in the digital asset ecosystem, announced a strategic partnership with Oobit, a mobile payment app, and the TON Foundation on May 16. The partnership comes after Tether launched USDT and XAUt on The Open Network (TON) in April.Tether and TON Foundation Partner with Oobit to Revolutionize Crypto Payments for Merchants Tether Collaborates with @ton_blockchain and @oobit To Create Seamless Crypto-Payment SolutionRead more: https://t.co/Qaf6gTPhK9 pic.twitter.com/A9A3P6L5He — Tether (@Tether_to) May 16, 2024According to Thursday’s announcement, the partnership will enhance the user experience for transactions with its…
Last updated: May 16, 2024 16:45 EDT | 2 min read In response to the Securities and Exchange Commission (SEC) ‘s increasing regulatory scrutiny of the cryptocurrency industry, a small group of community members launched a decentralized anti-SEC memecoin called NotWifGary (NWG) on May 16.The memecoin project will take an anti-SEC and pro-Ethereum stance, rallying support for open-source developers and the broader Ethereum ecosystem. We’re so tired of this regulatory uncertainty that prevents #Ethereum to fly high, it’s time to take our steps in this journey and be vocal. We dream a community that will be so loud that politicians…
Last updated: May 16, 2024 16:06 EDT | 2 min read Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization.As part of Mastercard’s new initiative, these startups will explore new ways to use money to address real-world challenges, enhance user experiences, and broaden the utility of blockchain technology.Mastercard Emphasizes Global Payments ExpertiseMastercard highlighted its experience constructing a global payments network, emphasizing its capability to connect regulated money, bank deposits, stablecoins, and central bank digital currencies (CBDCs) with startups. The…
Last updated: May 16, 2024 15:11 EDT | 4 min read Thursday, May 16, 2024 – Sponge ($SPONGE), a popular new meme coin that has brought early supporters returns of 10,000%, has launched a social media poll asking the community for direction on how to distribute the project’s lucrative staking rewards.The poll will run from May 16th to May 21st. It asks the Sponge community to decide between accessing the large volume of staking rewards immediately when the claim goes live at the end of May, to lock them for one month, or to vest the reward tokens linearly over…
Last updated: May 16, 2024 15:04 EDT | 4 min read Thursday, May 16, 2024 – As the Solana price sets its sights on $200, it is meme coins like Sealana ($SEAL) that are making a splash, as its presale accelerates towards the finish line.Sealana has raised $1,230,000, with no sign that the appetite for SOL meme coins is letting up. The opportunity to catch a swim with the next big thing in Solana meme coins is too good to miss.Selling at a fixed price of $0.022, the new meme coin can be bought with SOL, ETH, USDT or USDC,…
Last updated: May 16, 2024 14:47 EDT | 2 min read The Securities and Exchange Board of India (SEBI) proposed a collaborative effort among regulators to oversee cryptocurrency trading on Thursday, while the Reserve Bank of India (RBI) seeks a stablecoin ban.SEBI’s proposition signals a willingness to embrace private virtual assets – an approach previously not seen in India.The RBI sees private digital currencies as a potential macroeconomic risk, however.As per the Reuters report, these suggestions were made to a “government panel” tasked with formulating policy for the finance ministry to consider.SEBI’s Multi-Regulator Plan vs. RBI’s Ban ProposalSEBI recommended that…
Last updated: May 16, 2024 13:49 EDT | 1 min read The US Securities and Exchange Commission (SEC) has yet to decide on spot Ethereum exchange-traded funds (ETFs). On May 16, Billy Markus, co-founder of Dogecoin, voiced his doubts about their approval, saying that the SEC is “compromised” and may not approve the ETFs.Markus made his skeptical comment in response to an X post discussing the importance of the approval of spot Ether ETFs for the ecosystem and the potential impact of a negative decision on Ethereum. He tweeted a response that “nothing good will come out” of the spot…
Last updated: May 16, 2024 13:02 EDT | 3 min read Sealana is one of Solana’s most popular presales. Is this the next 100x meme coin? Some would say so. In just under three weeks, Solana’s all-American hillbilly $SEAL has attracted over $1.2 million catching the attention of investors worldwide.That’s because, hilarious as he is, Sealana is at the forefront of a new wave of meme coins that are helpingSolana challenges Ethereum’s dominance as the go-to blockchain for viral meme coins. #Sealana’s throwing a raging frat party for the OG $SEAL Alphas as the #Presale cruises towards the $1m mark.…