Author: Crypto News

Last updated: May 16, 2024 11:29 EDT | 2 min read As Dogecoin demonstrates resilience through market fluctuations and Litecoin hints at a breakout, BlockDAG distinguishes itself with a strategic showcase at Piccadilly Circus and a significant update to its dashboard.This event has solidified BlockDAG‘s position as a top contender in the cryptocurrency market, drawing in an impressive $26.8 million during its latest presale.Current Dogecoin Market DynamicsCurrently, Dogecoin is weathering the storm of market volatility, struggling to maintain a price point above $0.1450. After touching a low of $0.1358, it has made a slight recovery, pushing past the $0.1420 resistance…

Last updated: May 16, 2024 09:01 EDT | 2 min read Leading trading firm QCP Capital has expressed optimism about Bitcoin’s price momentum, forecasting a potential return to the highs of $74,000.Bitcoin To Go Back to $74k HighIn a recent note, the firm said it has observed substantial buyers acquiring 100,000 to 120,000 BTC Calls for December 2024, indicating confidence in the upward movement of the cryptocurrency.“US CPI numbers triggered a break out of the range across risk assets. BTC has since traded back above 66k,” the firm wrote.The surge in spot prices has coincided with increased institutional demand, with prominent…

Last updated: May 16, 2024 08:57 EDT | 2 min read MetalCore, a free-to-play massive multiplayer online (MMO) combat game led by former developers from Activision, Disney, Lucasfilm, and Midway, has announced a partnership with the universal gaming ecosystem Portal.Studio369, the game development company behind the blockchain-powered PvP shooter, said that Portal is a cross-chain gaming access point that enables users “to consolidate all of their Web3 games, digital assets, and user accounts into a single, easily accessible location.”MetalCore and Portal Focus on Eliminating Onboarding BarriersThe Web3 game industry is gaining popularity. However, Studio369 argues, the blockchain onboarding experience still…

Last updated: May 16, 2024 08:52 EDT | 3 min read The Pepe price has fallen by 7% in the past 24 hours, with its drop to $0.00001036 coming as the cryptocurrency market as a whole gains by 5% today.PEPE is clearly correcting after a strong couple of days, with the meme token still up by 30% in a week and by 100% in a month, not to mention by 500% in a year.That it is still largely in the green indicates how today’s loss mostly relates to traders taking some profits after a rip-roaring start to the week, which…

Last updated: May 16, 2024 07:27 EDT | 2 min read Roaring Kitty is back, igniting excitement across the meme coin markets. Wall Street Pepe was leading the pack but in a dramatic collapse, the price has now crashed.This article will provide an analysis of WSP’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more compelling investment opportunity at this time. WSB is good and all but what about $WSP CA: J2YnAysLMtmdvCqFk43MJQoHxnx9XEpXnYow1P5ofsH1 pic.twitter.com/ZaxgMNjTK1 — Monke (@FatherOfApes) May 15, 2024Wall Street Pepe’s dramatic rise has been fuelled by the spill-over from Roaring Kitty’s…

Last updated: May 16, 2024 06:39 EDT | 2 min read Alexey Pertsev, the developer behind Tornado Cash, has lodged an appeal with the s-Hertogenbosch court of appeal after being found guilty of money laundering.The appeal process is anticipated to take around several months, although it remains unclear whether the appeal has been granted.Pertsev, who received a 64-month prison sentence, has the option to request a home confinement while awaiting the appeal trial. Tornado Cash Developer Detained After Guilty VerdictNotably, following Tuesday’s verdict, he was immediately taken into custody to commence serving his sentence.“Tornado Cash does not pose any barrier for…

Last updated: May 16, 2024 05:49 EDT | 2 min read Crypto custody firm Bakkt expects a significant increase in the involvement of institutional investors in the cryptocurrency trading market.The driving force behind this mainstream adoption, according to Bakkt, is the recent approval of Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC).The firm made the prediction on Wednesday when announcing its latest quarterly results, according to a report from PYMNTS.Bakkt Sees Surge in Crypto Trading VolumeIn the first quarter ending on March 31, Bakkt witnessed a remarkable 324% surge in crypto trading volume compared to the previous…

Last updated: May 16, 2024 03:53 EDT | 1 min read Coinbase exchange is having big plans in developing services that targets Australia’s $600 billion self-managed pension sector, Bloomberg reported.The largest US crypto exchange is reportedly developing a tailored service to tap the unfilled demand over crypto products, Coinbase’s Asia-Pacific Managing Director John O’Loghlen, confirmed.“Self-managed super funds might just make a single allocation and set it and forget it. We are working on an offering to service those clients really well on a one-off basis — to have them trade with us and stay with us.”According to latest Australian Taxation…

Last updated: May 16, 2024 03:22 EDT | 2 min read Humanity Protocol has achieved unicorn status following a recent funding round that raised $30 million, resulting in a valuation of $1 billion.The Seed Round, led by Kingsway Capital, saw participation from prominent investors such as Animoca Brands, Blockchain.com, Hashed, Shima Capital, and several others, the firm said in a recent Medium post.Per the announcement, the funding injection will enable Humanity Protocol to expand its product development unit as it gears up for the launch of its public testnet in the latter half of 2024.Humanity Protocol Uses Palm Scanning to…

Last updated: May 16, 2024 02:28 EDT | 1 min read The Chicago Mercantile Exchange (CME) is reportedly planning to launch Bitcoin trading, seeking to capitalize on the swelling demand for Bitcoin among Wall Street fund managers this year.The Financial Times reported Thursday that the CME has been in talks with crypto traders about offering a regulated marketplace for buying and selling Bitcoin.Plans are not yet finalized. But the CME’s potential Bitcoin trading plan signifies a continued push from Wall Street giants into the crypto space. This follows the SEC’s green light in January for Spot Bitcoin exchange-traded funds.According to…